ALSRX vs. ALBAX
ALSRX (Alger SmallCap Growth Institutional Fund) and ALBAX (Alger Growth & Income Fund) are both mutual funds - ALSRX is a Small Cap Growth Equities fund managed by Alger, while ALBAX is a Large Cap Blend Equities fund managed by Alger. Over the past 10 years, ALSRX returned 9.63%/yr vs 15.46%/yr for ALBAX. Their correlation of 0.81 suggests significant overlap in exposure. ALSRX charges 1.24%/yr vs 0.98%/yr for ALBAX.
Performance
ALSRX vs. ALBAX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ALSRX having a 12.54% return and ALBAX slightly higher at 13.01%. Over the past 10 years, ALSRX has underperformed ALBAX with an annualized return of 9.63%, while ALBAX has yielded a comparatively higher 15.46% annualized return.
ALSRX
- 1D
- 2.97%
- 1M
- 8.94%
- YTD
- 12.54%
- 6M
- 8.22%
- 1Y
- 30.17%
- 3Y*
- 10.74%
- 5Y*
- -3.48%
- 10Y*
- 9.63%
ALBAX
- 1D
- 1.19%
- 1M
- 0.96%
- YTD
- 13.01%
- 6M
- 12.68%
- 1Y
- 33.41%
- 3Y*
- 21.55%
- 5Y*
- 15.10%
- 10Y*
- 15.46%
ALSRX vs. ALBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALSRX Alger SmallCap Growth Institutional Fund | 12.54% | 4.83% | 8.76% | 14.83% | -38.17% | -4.44% | 64.90% | 29.87% | -4.03% | 24.83% |
ALBAX Alger Growth & Income Fund | 13.01% | 19.89% | 21.81% | 22.60% | -14.12% | 30.79% | 15.22% | 28.92% | -4.72% | 20.18% |
Correlation
The correlation between ALSRX and ALBAX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997 | 0.81 |
The correlation between ALSRX and ALBAX has been stable across timeframes, ranging from 0.72 to 0.81 - a consistent structural relationship.
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Return for Risk
ALSRX vs. ALBAX — Risk / Return Rank
ALSRX
ALBAX
ALSRX vs. ALBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger SmallCap Growth Institutional Fund (ALSRX) and Alger Growth & Income Fund (ALBAX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ALSRX | ALBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.47 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 4.21 | -2.82 |
| Martin ratioReturn relative to average drawdown | 4.56 | 18.61 | -14.05 |
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Drawdowns
ALSRX vs. ALBAX - Drawdown Comparison
The maximum ALSRX drawdown since its inception was -73.40%, which is greater than ALBAX's maximum drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for ALSRX and ALBAX.
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Drawdown Indicators
| ALSRX | ALBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.40% | -40.56% | -32.84% |
Max Drawdown (1Y)Largest decline over 1 year | -21.23% | -7.86% | -13.37% |
Max Drawdown (3Y)Largest decline over 3 years | -33.53% | -17.65% | -15.88% |
Max Drawdown (5Y)Largest decline over 5 years | -53.46% | -22.06% | -31.40% |
Max Drawdown (10Y)Largest decline over 10 years | -55.04% | -34.26% | -20.78% |
Current DrawdownCurrent decline from peak | -26.07% | -0.74% | -25.33% |
Average DrawdownAverage peak-to-trough decline | -28.69% | -7.33% | -21.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.43% | 1.77% | +4.66% |
Volatility
ALSRX vs. ALBAX - Volatility Comparison
Alger SmallCap Growth Institutional Fund (ALSRX) has a higher volatility of 9.91% compared to Alger Growth & Income Fund (ALBAX) at 4.39%. This indicates that ALSRX's price experiences larger fluctuations and is considered to be riskier than ALBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALSRX | ALBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.91% | 4.39% | +5.52% |
Volatility (6M)Calculated over the trailing 6-month period | 20.55% | 9.79% | +10.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.51% | 12.56% | +12.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.83% | 15.59% | +14.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.92% | 17.28% | +9.64% |
ALSRX vs. ALBAX - Expense Ratio Comparison
ALSRX has a 1.24% expense ratio, which is higher than ALBAX's 0.98% expense ratio.
Dividends
ALSRX vs. ALBAX - Dividend Comparison
ALSRX's dividend yield for the trailing twelve months is around 2.49%, more than ALBAX's 0.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALBAX Alger Growth & Income Fund | 0.72% | 0.74% | 1.08% | 0.98% | 1.24% | 4.17% | 2.55% | 5.00% | 6.75% | 2.35% | 1.56% | 3.75% |
ALSRX Alger SmallCap Growth Institutional Fund | 2.49% | 2.80% | 1.99% | 0.00% | 0.00% | 23.64% | 5.23% | 20.07% | 11.31% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ALSRX and ALBAX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALSRX has higher volatility (9.91%) compared to ALBAX (4.39%). In terms of maximum drawdown, ALSRX dropped -73.40% vs ALBAX's -40.56%.
ALBAX currently has the higher Sharpe Ratio (2.63 vs 1.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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