GSPKX vs. ALBAX
Compare and contrast key facts about Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX) and Alger Growth & Income Fund (ALBAX).
GSPKX is managed by Goldman Sachs. It was launched on Aug 31, 2005. ALBAX is managed by Alger. It was launched on Dec 31, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSPKX or ALBAX.
Correlation
The correlation between GSPKX and ALBAX is 0.94, 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
GSPKX vs. ALBAX - Performance Comparison
Key characteristics
GSPKX:
0.01
ALBAX:
0.31
GSPKX:
0.14
ALBAX:
0.55
GSPKX:
1.02
ALBAX:
1.08
GSPKX:
0.01
ALBAX:
0.31
GSPKX:
0.04
ALBAX:
1.42
GSPKX:
5.27%
ALBAX:
3.87%
GSPKX:
18.04%
ALBAX:
17.41%
GSPKX:
-55.29%
ALBAX:
-40.56%
GSPKX:
-15.99%
ALBAX:
-13.03%
Returns By Period
The year-to-date returns for both investments are quite close, with GSPKX having a -9.65% return and ALBAX slightly higher at -9.22%. Over the past 10 years, GSPKX has underperformed ALBAX with an annualized return of 4.25%, while ALBAX has yielded a comparatively higher 9.04% annualized return.
GSPKX
-9.65%
-7.02%
-13.34%
0.78%
6.92%
4.25%
ALBAX
-9.22%
-7.05%
-8.75%
6.21%
13.59%
9.04%
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GSPKX vs. ALBAX - Expense Ratio Comparison
GSPKX has a 0.71% expense ratio, which is lower than ALBAX's 0.98% expense ratio.
Risk-Adjusted Performance
GSPKX vs. ALBAX — Risk-Adjusted Performance Rank
GSPKX
ALBAX
GSPKX vs. ALBAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX) 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.
Dividends
GSPKX vs. ALBAX - Dividend Comparison
GSPKX's dividend yield for the trailing twelve months is around 1.43%, more than ALBAX's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSPKX Goldman Sachs U.S. Equity Dividend and Premium Fund | 1.43% | 1.28% | 1.55% | 1.69% | 1.27% | 1.67% | 1.97% | 2.32% | 1.86% | 1.92% | 2.14% | 1.90% |
ALBAX Alger Growth & Income Fund | 1.22% | 1.08% | 1.29% | 1.24% | 0.85% | 1.20% | 1.46% | 1.64% | 1.19% | 1.53% | 1.57% | 1.78% |
Drawdowns
GSPKX vs. ALBAX - Drawdown Comparison
The maximum GSPKX drawdown since its inception was -55.29%, which is greater than ALBAX's maximum drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for GSPKX and ALBAX. For additional features, visit the drawdowns tool.
Volatility
GSPKX vs. ALBAX - Volatility Comparison
Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX) has a higher volatility of 13.20% compared to Alger Growth & Income Fund (ALBAX) at 12.38%. This indicates that GSPKX'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.