AMGOX vs. RIPIX
AMGOX (Alger Mid Cap Growth Portfolio Fund) and RIPIX (Royce International Premier Fund Institutional Class) are both Mid Cap Growth Equities funds. Over the past 5 years, AMGOX returned 2.48%/yr vs -4.45%/yr for RIPIX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. AMGOX charges 0.92%/yr vs 1.04%/yr for RIPIX.
Performance
AMGOX vs. RIPIX - Performance Comparison
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Returns By Period
In the year-to-date period, AMGOX achieves a 3.90% return, which is significantly higher than RIPIX's 1.92% return.
AMGOX
- 1D
- 2.15%
- 1M
- -4.59%
- 6M
- 5.23%
- YTD
- 3.90%
- 1Y
- 9.27%
- 3Y*
- 14.22%
- 5Y*
- 2.48%
- 10Y*
- 11.95%
- ALL TIME*
- 10.25%
RIPIX
- 1D
- 2.16%
- 1M
- -0.16%
- 6M
- 1.27%
- YTD
- 1.92%
- 1Y
- -2.65%
- 3Y*
- 2.08%
- 5Y*
- -4.45%
- 10Y*
- —
- ALL TIME*
- 2.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
AMGOX vs. RIPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AMGOX Alger Mid Cap Growth Portfolio Fund | 3.90% | 16.76% | 21.07% | 23.17% | -36.14% | 5.45% | 64.79% | 30.24% | -13.28% |
RIPIX Royce International Premier Fund Institutional Class | 1.92% | 9.89% | -7.04% | 8.14% | -26.99% | 6.22% | 16.11% | 34.69% | -12.52% |
Correlation
The correlation between AMGOX and RIPIX is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (All Time) Calculated using the full available price history since May 18, 2018 | 0.60 |
The correlation between AMGOX and RIPIX has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.
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Return for Risk
AMGOX vs. RIPIX — Risk / Return Rank
AMGOX
RIPIX
AMGOX vs. RIPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Mid Cap Growth Portfolio Fund (AMGOX) and Royce International Premier Fund Institutional Class (RIPIX). 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.
| AMGOX | RIPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.98 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | -0.17 | +0.66 |
| Martin ratioReturn relative to average drawdown | 1.49 | -0.43 | +1.92 |
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Drawdowns
AMGOX vs. RIPIX - Drawdown Comparison
The maximum AMGOX drawdown since its inception was -68.10%, which is greater than RIPIX's maximum drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for AMGOX and RIPIX.
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Drawdown Indicators
| AMGOX | RIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.10% | -41.89% | -26.21% |
Max Drawdown (1Y)Largest decline over 1 year | -16.25% | -15.33% | -0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -27.34% | -17.28% | -10.06% |
Max Drawdown (5Y)Largest decline over 5 years | -59.22% | -41.89% | -17.33% |
Max Drawdown (10Y)Largest decline over 10 years | -59.22% | — | — |
Current DrawdownCurrent decline from peak | -23.05% | -24.88% | +1.83% |
Average DrawdownAverage peak-to-trough decline | -17.72% | -18.16% | +0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.27% | 6.21% | -0.94% |
Volatility
AMGOX vs. RIPIX - Volatility Comparison
Alger Mid Cap Growth Portfolio Fund (AMGOX) has a higher volatility of 5.26% compared to Royce International Premier Fund Institutional Class (RIPIX) at 4.62%. This indicates that AMGOX's price experiences larger fluctuations and is considered to be riskier than RIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMGOX | RIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 4.62% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 16.08% | 11.56% | +4.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.35% | 13.80% | +6.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.52% | 15.54% | +23.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.17% | 16.13% | +16.04% |
AMGOX vs. RIPIX - Expense Ratio Comparison
AMGOX has a 0.92% expense ratio, which is lower than RIPIX's 1.04% expense ratio.
Dividends
AMGOX vs. RIPIX - Dividend Comparison
AMGOX has not paid dividends to shareholders, while RIPIX's dividend yield for the trailing twelve months is around 1.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AMGOX Alger Mid Cap Growth Portfolio Fund | 0.00% | 0.00% | 0.00% | 0.00% | 3.72% | 55.13% | 12.13% | 12.09% | 18.59% |
RIPIX Royce International Premier Fund Institutional Class | 1.43% | 1.46% | 5.66% | 3.09% | 3.87% | 5.02% | 0.36% | 0.58% | 0.54% |
Frequently Asked Questions
AMGOX and RIPIX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMGOX has higher volatility (5.26%) compared to RIPIX (4.62%). In terms of maximum drawdown, AMGOX dropped -68.10% vs RIPIX's -41.89%.
AMGOX currently has the higher Sharpe Ratio (0.39 vs -0.19), 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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