JDESX vs. ALBAX
Compare and contrast key facts about JPMorgan U.S. Research Enhanced Equity Fund (JDESX) and Alger Growth & Income Fund (ALBAX).
JDESX is managed by JPMorgan Chase. It was launched on Sep 10, 2001. 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: JDESX or ALBAX.
Key characteristics
| JDESX | ALBAX | |
|---|---|---|
| YTD Return | 27.74% | 21.88% |
| 1Y Return | 35.42% | 28.32% |
| 3Y Return (Ann) | 6.21% | 9.82% |
| 5Y Return (Ann) | 13.41% | 14.92% |
| 10Y Return (Ann) | 7.89% | 12.47% |
| Sharpe Ratio | 3.10 | 2.69 |
| Sortino Ratio | 4.14 | 3.59 |
| Omega Ratio | 1.58 | 1.49 |
| Calmar Ratio | 3.08 | 3.92 |
| Martin Ratio | 21.02 | 17.99 |
| Ulcer Index | 1.80% | 1.69% |
| Daily Std Dev | 12.24% | 11.28% |
| Max Drawdown | -54.25% | -40.56% |
| Current Drawdown | -0.28% | -0.69% |
Correlation
The correlation between JDESX and ALBAX is 0.96, 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
JDESX vs. ALBAX - Performance Comparison
In the year-to-date period, JDESX achieves a 27.74% return, which is significantly higher than ALBAX's 21.88% return. Over the past 10 years, JDESX has underperformed ALBAX with an annualized return of 7.89%, while ALBAX has yielded a comparatively higher 12.47% 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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JDESX vs. ALBAX - Expense Ratio Comparison
JDESX has a 0.35% expense ratio, which is lower than ALBAX's 0.98% expense ratio.
Risk-Adjusted Performance
JDESX vs. ALBAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Research Enhanced Equity Fund (JDESX) 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
JDESX vs. ALBAX - Dividend Comparison
JDESX's dividend yield for the trailing twelve months is around 0.90%, less than ALBAX's 1.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JDESX JPMorgan U.S. Research Enhanced Equity Fund | 0.90% | 1.11% | 1.24% | 0.95% | 1.29% | 1.49% | 1.75% | 1.39% | 1.40% | 1.14% | 1.14% | 1.07% |
ALBAX Alger Growth & Income Fund | 1.03% | 1.29% | 1.24% | 0.85% | 1.20% | 1.46% | 1.64% | 1.19% | 1.53% | 1.57% | 1.78% | 1.60% |
Drawdowns
JDESX vs. ALBAX - Drawdown Comparison
The maximum JDESX drawdown since its inception was -54.25%, which is greater than ALBAX's maximum drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for JDESX and ALBAX. For additional features, visit the drawdowns tool.
Volatility
JDESX vs. ALBAX - Volatility Comparison
JPMorgan U.S. Research Enhanced Equity Fund (JDESX) has a higher volatility of 3.75% compared to Alger Growth & Income Fund (ALBAX) at 3.27%. This indicates that JDESX'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.