ALMRX vs. INDL
Compare and contrast key facts about Alger MidCap Growth Institutional Fund (ALMRX) and Direxion Daily India Bull 3x Shares (INDL).
ALMRX is managed by Alger. It was launched on Nov 8, 1993. INDL is a passively managed fund by Direxion that tracks the performance of the Indus India Index (300%). It was launched on Mar 11, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALMRX or INDL.
Correlation
The correlation between ALMRX and INDL is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ALMRX vs. INDL - Performance Comparison
Key characteristics
ALMRX:
1.43
INDL:
-0.10
ALMRX:
1.95
INDL:
0.06
ALMRX:
1.25
INDL:
1.01
ALMRX:
0.42
INDL:
-0.04
ALMRX:
6.73
INDL:
-0.24
ALMRX:
3.76%
INDL:
11.13%
ALMRX:
17.74%
INDL:
28.02%
ALMRX:
-73.80%
INDL:
-95.67%
ALMRX:
-50.43%
INDL:
-72.40%
Returns By Period
In the year-to-date period, ALMRX achieves a 7.17% return, which is significantly higher than INDL's -5.12% return. Over the past 10 years, ALMRX has outperformed INDL with an annualized return of 1.31%, while INDL has yielded a comparatively lower -4.39% annualized return.
ALMRX
7.17%
4.46%
25.52%
24.56%
-4.00%
1.31%
INDL
-5.12%
-7.68%
-14.85%
-2.28%
-2.57%
-4.39%
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ALMRX vs. INDL - Expense Ratio Comparison
ALMRX has a 1.44% expense ratio, which is higher than INDL's 1.33% expense ratio.
Risk-Adjusted Performance
ALMRX vs. INDL — Risk-Adjusted Performance Rank
ALMRX
INDL
ALMRX vs. INDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger MidCap Growth Institutional Fund (ALMRX) and Direxion Daily India Bull 3x Shares (INDL). 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
ALMRX vs. INDL - Dividend Comparison
ALMRX has not paid dividends to shareholders, while INDL's dividend yield for the trailing twelve months is around 2.94%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
ALMRX Alger MidCap Growth Institutional Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
INDL Direxion Daily India Bull 3x Shares | 2.94% | 2.79% | 1.64% | 0.09% | 2.35% | 0.00% | 0.68% | 0.18% | 0.31% |
Drawdowns
ALMRX vs. INDL - Drawdown Comparison
The maximum ALMRX drawdown since its inception was -73.80%, smaller than the maximum INDL drawdown of -95.67%. Use the drawdown chart below to compare losses from any high point for ALMRX and INDL. For additional features, visit the drawdowns tool.
Volatility
ALMRX vs. INDL - Volatility Comparison
The current volatility for Alger MidCap Growth Institutional Fund (ALMRX) is 6.64%, while Direxion Daily India Bull 3x Shares (INDL) has a volatility of 7.94%. This indicates that ALMRX experiences smaller price fluctuations and is considered to be less risky than INDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.