ALBAX vs. VOO
Compare and contrast key facts about Alger Growth & Income Fund (ALBAX) and Vanguard S&P 500 ETF (VOO).
ALBAX is managed by Alger. It was launched on Dec 31, 1996. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALBAX or VOO.
Correlation
The correlation between ALBAX and VOO is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ALBAX vs. VOO - Performance Comparison
Key characteristics
ALBAX:
0.51
VOO:
0.54
ALBAX:
0.82
VOO:
0.88
ALBAX:
1.12
VOO:
1.13
ALBAX:
0.52
VOO:
0.55
ALBAX:
2.15
VOO:
2.27
ALBAX:
4.22%
VOO:
4.55%
ALBAX:
17.83%
VOO:
19.19%
ALBAX:
-40.56%
VOO:
-33.99%
ALBAX:
-9.47%
VOO:
-9.90%
Returns By Period
The year-to-date returns for both stocks are quite close, with ALBAX having a -5.50% return and VOO slightly lower at -5.74%. Over the past 10 years, ALBAX has underperformed VOO with an annualized return of 9.57%, while VOO has yielded a comparatively higher 12.24% annualized return.
ALBAX
-5.50%
-1.35%
-3.69%
8.06%
14.63%
9.57%
VOO
-5.74%
-0.92%
-4.28%
9.78%
15.84%
12.24%
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ALBAX vs. VOO - Expense Ratio Comparison
ALBAX has a 0.98% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
ALBAX vs. VOO — Risk-Adjusted Performance Rank
ALBAX
VOO
ALBAX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Growth & Income Fund (ALBAX) and Vanguard S&P 500 ETF (VOO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ALBAX vs. VOO - Dividend Comparison
ALBAX's dividend yield for the trailing twelve months is around 1.18%, less than VOO's 1.38% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALBAX Alger Growth & Income Fund | 1.18% | 1.08% | 1.29% | 1.24% | 4.17% | 2.55% | 5.00% | 6.75% | 2.74% | 1.56% | 4.82% | 5.06% |
VOO Vanguard S&P 500 ETF | 1.38% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
ALBAX vs. VOO - Drawdown Comparison
The maximum ALBAX drawdown since its inception was -40.56%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ALBAX and VOO. For additional features, visit the drawdowns tool.
Volatility
ALBAX vs. VOO - Volatility Comparison
The current volatility for Alger Growth & Income Fund (ALBAX) is 13.00%, while Vanguard S&P 500 ETF (VOO) has a volatility of 13.96%. This indicates that ALBAX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.