GSPCX vs. AIGOX

Last updated Jun 24, 2026

GSPCX (Goldman Sachs Large Cap Equity Fund Class C) and AIGOX (Alger Growth & Income Portfolio) are both Large Cap Blend Equities funds. Over the past 10 years, GSPCX returned 18.84%/yr vs 15.97%/yr for AIGOX. Their correlation of 0.93 suggests significant overlap in exposure. GSPCX charges 1.75%/yr vs 0.86%/yr for AIGOX.

Performance

GSPCX vs. AIGOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Large Cap Equity Fund Class C (GSPCX) and Alger Growth & Income Portfolio (AIGOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSPCX achieves a 9.60% return, which is significantly lower than AIGOX's 13.52% return. Over the past 10 years, GSPCX has outperformed AIGOX with an annualized return of 18.84%, while AIGOX has yielded a comparatively lower 15.97% annualized return.

GSPCX

• 1D: -0.48%
• 1M: 1.70%
• YTD: 9.60%
• 6M: 8.56%
• 1Y: 22.93%
• 3Y*: 33.04%
• 5Y*: 18.72%
• 10Y*: 18.84%

AIGOX

• 1D: -0.40%
• 1M: 0.57%
• YTD: 13.52%
• 6M: 12.65%
• 1Y: 33.57%
• 3Y*: 22.89%
• 5Y*: 15.10%
• 10Y*: 15.97%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GSPCX vs. AIGOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSPCX Goldman Sachs Large Cap Equity Fund Class C	9.60%	14.92%	69.40%	25.53%	-20.38%	23.47%	21.83%	31.34%	-3.48%	30.86%
AIGOX Alger Growth & Income Portfolio	13.52%	19.79%	23.07%	23.62%	-15.15%	31.82%	14.86%	29.48%	-4.61%	21.33%

Correlation

The correlation between GSPCX and AIGOX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jan 2, 1998	0.93

The correlation between GSPCX and AIGOX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

GSPCX vs. AIGOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GSPCX

GSPCX Risk / Return Rank: 48
GSPCX Sharpe Ratio Rank: 47
GSPCX Sortino Ratio Rank: 44
GSPCX Omega Ratio Rank: 45
GSPCX Calmar Ratio Rank: 48
GSPCX Martin Ratio Rank: 58

AIGOX

AIGOX Risk / Return Rank: 87
AIGOX Sharpe Ratio Rank: 88
AIGOX Sortino Ratio Rank: 83
AIGOX Omega Ratio Rank: 80
AIGOX Calmar Ratio Rank: 89
AIGOX Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GSPCX vs. AIGOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Large Cap Equity Fund Class C (GSPCX) and Alger Growth & Income Portfolio (AIGOX). 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.

	GSPCX	AIGOX	Difference
Sharpe ratio: Return per unit of total volatility	1.86	2.67	-0.81
Sortino ratio: Return per unit of downside risk	2.57	3.65	-1.08
Omega ratio: Gain probability vs. loss probability	1.34	1.48	-0.14
Calmar ratio: Return relative to maximum drawdown	2.52	4.27	-1.75
Martin ratio: Return relative to average drawdown	10.95	19.01	-8.07

GSPCX vs. AIGOX - Sharpe Ratio Comparison

The current GSPCX Sharpe Ratio is 1.86, which is lower than the AIGOX Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of GSPCX and AIGOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GSPCX vs. AIGOX - Drawdown Comparison

The maximum GSPCX drawdown since its inception was -59.80%, smaller than the maximum AIGOX drawdown of -63.78%. Use the drawdown chart below to compare losses from any high point for GSPCX and AIGOX.

Drawdown Indicators

	GSPCX	AIGOX	Difference
Max Drawdown Largest peak-to-trough decline	-59.80%	-63.78%	+3.98%
Max Drawdown (1Y) Largest decline over 1 year	-9.68%	-8.11%	-1.57%
Max Drawdown (3Y) Largest decline over 3 years	-36.72%	-18.83%	-17.89%
Max Drawdown (5Y) Largest decline over 5 years	-36.72%	-23.30%	-13.42%
Max Drawdown (10Y) Largest decline over 10 years	-36.72%	-34.18%	-2.54%
Current Drawdown Current decline from peak	-5.13%	-1.20%	-3.93%
Average Drawdown Average peak-to-trough decline	-15.29%	-15.37%	+0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	1.82%	+0.40%

Volatility

GSPCX vs. AIGOX - Volatility Comparison

Goldman Sachs Large Cap Equity Fund Class C (GSPCX) has a higher volatility of 4.99% compared to Alger Growth & Income Portfolio (AIGOX) at 4.51%. This indicates that GSPCX's price experiences larger fluctuations and is considered to be riskier than AIGOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSPCX	AIGOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.99%	4.51%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	10.53%	10.14%	+0.39%
Volatility (1Y) Calculated over the trailing 1-year period	13.12%	12.98%	+0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.12%	17.31%	+23.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.15%	18.06%	+14.09%

GSPCX vs. AIGOX - Expense Ratio Comparison

GSPCX has a 1.75% expense ratio, which is higher than AIGOX's 0.86% expense ratio.

Dividends

GSPCX vs. AIGOX - Dividend Comparison

GSPCX's dividend yield for the trailing twelve months is around 32.07%, more than AIGOX's 11.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIGOX Alger Growth & Income Portfolio	11.97%	13.51%	1.23%	4.06%	8.76%	8.32%	1.66%	10.86%	8.44%	1.42%	1.17%	1.72%
GSPCX Goldman Sachs Large Cap Equity Fund Class C	32.07%	35.15%	60.78%	0.59%	17.48%	20.15%	6.00%	6.15%	79.73%	11.58%	1.81%	11.21%

Frequently Asked Questions

Can I hold both GSPCX and AIGOX in my portfolio?

With a correlation of 0.94, GSPCX and AIGOX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GSPCX or AIGOX?

GSPCX has higher volatility (4.99%) compared to AIGOX (4.51%). In terms of maximum drawdown, GSPCX dropped -59.80% vs AIGOX's -63.78%.

Which has better risk-adjusted returns?

AIGOX currently has the higher Sharpe Ratio (2.67 vs 1.86), 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.