ALMRX vs. VMGMX
Compare and contrast key facts about Alger MidCap Growth Institutional Fund (ALMRX) and Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX).
ALMRX is managed by Alger. It was launched on Nov 8, 1993. VMGMX is managed by Vanguard. It was launched on Sep 27, 2011.
Performance
ALMRX vs. VMGMX - Performance Comparison
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ALMRX vs. VMGMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALMRX Alger MidCap Growth Institutional Fund | -7.99% | 17.01% | 20.02% | 22.68% | -35.28% | 6.17% | 64.25% | 29.79% | -7.77% | 28.75% |
VMGMX Vanguard Mid-Cap Growth Index Fund Admiral Shares | -7.61% | 10.69% | 15.65% | 23.93% | -28.84% | 20.48% | 34.45% | 33.85% | -5.61% | 21.83% |
Returns By Period
The year-to-date returns for both investments are quite close, with ALMRX having a -7.99% return and VMGMX slightly higher at -7.61%. Over the past 10 years, ALMRX has outperformed VMGMX with an annualized return of 11.42%, while VMGMX has yielded a comparatively lower 10.62% annualized return.
ALMRX
- 1D
- 4.18%
- 1M
- -7.14%
- YTD
- -7.99%
- 6M
- -10.17%
- 1Y
- 18.01%
- 3Y*
- 13.20%
- 5Y*
- 0.87%
- 10Y*
- 11.42%
VMGMX
- 1D
- 3.15%
- 1M
- -7.31%
- YTD
- -7.61%
- 6M
- -12.10%
- 1Y
- 5.25%
- 3Y*
- 10.47%
- 5Y*
- 4.04%
- 10Y*
- 10.62%
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ALMRX vs. VMGMX - Expense Ratio Comparison
ALMRX has a 1.44% expense ratio, which is higher than VMGMX's 0.07% expense ratio.
Return for Risk
ALMRX vs. VMGMX — Risk / Return Rank
ALMRX
VMGMX
ALMRX vs. VMGMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger MidCap Growth Institutional Fund (ALMRX) and Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX). 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.
| ALMRX | VMGMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.28 | +0.51 |
Sortino ratioReturn per unit of downside risk | 1.25 | 0.55 | +0.70 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.07 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 0.39 | +0.76 |
Martin ratioReturn relative to average drawdown | 3.92 | 1.21 | +2.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ALMRX | VMGMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.28 | +0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.19 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.51 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.59 | -0.42 |
Correlation
The correlation between ALMRX and VMGMX is 0.69, 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.
Dividends
ALMRX vs. VMGMX - Dividend Comparison
ALMRX has not paid dividends to shareholders, while VMGMX's dividend yield for the trailing twelve months is around 0.71%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALMRX Alger MidCap Growth Institutional Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 77.91% | 12.19% | 8.56% | 7.91% | 0.00% | 0.00% | 0.00% |
VMGMX Vanguard Mid-Cap Growth Index Fund Admiral Shares | 0.71% | 0.64% | 0.67% | 0.71% | 0.78% | 0.34% | 0.56% | 0.78% | 0.84% | 0.72% | 0.81% | 0.82% |
Drawdowns
ALMRX vs. VMGMX - Drawdown Comparison
The maximum ALMRX drawdown since its inception was -73.80%, which is greater than VMGMX's maximum drawdown of -37.17%. Use the drawdown chart below to compare losses from any high point for ALMRX and VMGMX.
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Drawdown Indicators
| ALMRX | VMGMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.80% | -37.17% | -36.63% |
Max Drawdown (1Y)Largest decline over 1 year | -16.06% | -15.95% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -64.01% | -37.17% | -26.84% |
Max Drawdown (10Y)Largest decline over 10 years | -64.01% | -37.17% | -26.84% |
Current DrawdownCurrent decline from peak | -40.58% | -13.31% | -27.27% |
Average DrawdownAverage peak-to-trough decline | -22.14% | -7.05% | -15.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.72% | 5.11% | -0.39% |
Volatility
ALMRX vs. VMGMX - Volatility Comparison
Alger MidCap Growth Institutional Fund (ALMRX) has a higher volatility of 7.91% compared to Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX) at 6.47%. This indicates that ALMRX's price experiences larger fluctuations and is considered to be riskier than VMGMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALMRX | VMGMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.91% | 6.47% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 14.99% | 12.40% | +2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.51% | 21.07% | +3.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.59% | 21.39% | +27.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.73% | 20.93% | +16.80% |