AMCGX vs. VOO
Compare and contrast key facts about Alger Mid Cap Growth Fund (AMCGX) and Vanguard S&P 500 ETF (VOO).
AMCGX is managed by Alger. It was launched on May 24, 1993. 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: AMCGX or VOO.
Key characteristics
| AMCGX | VOO | |
|---|---|---|
| YTD Return | 7.74% | 7.68% |
| 1Y Return | 20.70% | 24.58% |
| 3Y Return (Ann) | -17.38% | 8.61% |
| 5Y Return (Ann) | 0.74% | 13.73% |
| 10Y Return (Ann) | 4.68% | 12.60% |
| Sharpe Ratio | 1.42 | 2.21 |
| Daily Std Dev | 15.51% | 11.60% |
| Max Drawdown | -74.93% | -33.99% |
| Current Drawdown | -51.05% | -2.60% |
Correlation
The correlation between AMCGX and VOO is 0.85, 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
AMCGX vs. VOO - Performance Comparison
The year-to-date returns for both stocks are quite close, with AMCGX having a 7.74% return and VOO slightly lower at 7.68%. Over the past 10 years, AMCGX has underperformed VOO with an annualized return of 4.68%, while VOO has yielded a comparatively higher 12.60% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AMCGX vs. VOO - Expense Ratio Comparison
AMCGX has a 1.93% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
AMCGX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Mid Cap Growth Fund (AMCGX) 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
AMCGX vs. VOO - Dividend Comparison
AMCGX has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.37%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMCGX Alger Mid Cap Growth Fund | 0.00% | 0.00% | 0.00% | 65.63% | 13.72% | 10.98% | 7.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.37% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
AMCGX vs. VOO - Drawdown Comparison
The maximum AMCGX drawdown since its inception was -74.93%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for AMCGX and VOO. For additional features, visit the drawdowns tool.
Volatility
AMCGX vs. VOO - Volatility Comparison
Alger Mid Cap Growth Fund (AMCGX) has a higher volatility of 5.52% compared to Vanguard S&P 500 ETF (VOO) at 3.63%. This indicates that AMCGX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.