JDESX vs. ALBAX

Last updated Jun 25, 2026

JDESX (JPMorgan U.S. Research Enhanced Equity Fund) and ALBAX (Alger Growth & Income Fund) are both Large Cap Blend Equities funds. Over the past 10 years, JDESX returned 16.22%/yr vs 15.52%/yr for ALBAX. Their correlation of 0.94 suggests significant overlap in exposure. JDESX charges 0.35%/yr vs 0.98%/yr for ALBAX.

Performance

JDESX vs. ALBAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Research Enhanced Equity Fund (JDESX) and Alger Growth & Income Fund (ALBAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JDESX achieves a 5.96% return, which is significantly lower than ALBAX's 11.26% return. Both investments have delivered pretty close results over the past 10 years, with JDESX having a 16.22% annualized return and ALBAX not far behind at 15.52%.

JDESX

• 1D: -1.43%
• 1M: -1.51%
• YTD: 5.96%
• 6M: 4.67%
• 1Y: 19.23%
• 3Y*: 21.56%
• 5Y*: 13.85%
• 10Y*: 16.22%

ALBAX

• 1D: -1.19%
• 1M: -0.60%
• YTD: 11.26%
• 6M: 10.02%
• 1Y: 29.00%
• 3Y*: 21.50%
• 5Y*: 14.24%
• 10Y*: 15.52%

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

JDESX vs. ALBAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JDESX JPMorgan U.S. Research Enhanced Equity Fund	5.96%	16.33%	31.02%	28.23%	-18.15%	30.35%	20.65%	31.16%	-5.53%	21.49%
ALBAX Alger Growth & Income Fund	11.26%	19.89%	21.81%	22.60%	-14.12%	30.79%	15.22%	28.92%	-4.72%	20.18%

Correlation

The correlation between JDESX and ALBAX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Dec 31, 1997	0.94

The correlation between JDESX and ALBAX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

Return for Risk

JDESX vs. ALBAX — Risk / Return Rank

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

JDESX

JDESX Risk / Return Rank: 42
JDESX Sharpe Ratio Rank: 40
JDESX Sortino Ratio Rank: 38
JDESX Omega Ratio Rank: 40
JDESX Calmar Ratio Rank: 40
JDESX Martin Ratio Rank: 53

ALBAX

ALBAX Risk / Return Rank: 82
ALBAX Sharpe Ratio Rank: 81
ALBAX Sortino Ratio Rank: 77
ALBAX Omega Ratio Rank: 73
ALBAX Calmar Ratio Rank: 86
ALBAX Martin Ratio Rank: 91

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.

JDESX vs. ALBAX - Risk-Adjusted Trends 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.

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.

	JDESX	ALBAX	Difference
Sharpe ratio: Return per unit of total volatility	1.68	2.43	-0.74
Sortino ratio: Return per unit of downside risk	2.32	3.35	-1.03
Omega ratio: Gain probability vs. loss probability	1.31	1.43	-0.12
Calmar ratio: Return relative to maximum drawdown	2.25	3.89	-1.64
Martin ratio: Return relative to average drawdown	10.05	17.16	-7.11

JDESX vs. ALBAX - Sharpe Ratio Comparison

The current JDESX Sharpe Ratio is 1.68, which is lower than the ALBAX Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of JDESX and ALBAX, 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

JDESX vs. ALBAX - Drawdown Comparison

The maximum JDESX drawdown since its inception was -54.56%, 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.

Drawdown Indicators

	JDESX	ALBAX	Difference
Max Drawdown Largest peak-to-trough decline	-54.56%	-40.56%	-14.00%
Max Drawdown (1Y) Largest decline over 1 year	-9.22%	-7.86%	-1.36%
Max Drawdown (3Y) Largest decline over 3 years	-18.85%	-17.65%	-1.20%
Max Drawdown (5Y) Largest decline over 5 years	-31.30%	-22.06%	-9.24%
Max Drawdown (10Y) Largest decline over 10 years	-34.71%	-34.26%	-0.45%
Current Drawdown Current decline from peak	-3.22%	-2.27%	-0.95%
Average Drawdown Average peak-to-trough decline	-11.90%	-7.33%	-4.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	1.78%	+0.28%

Volatility

JDESX vs. ALBAX - Volatility Comparison

JPMorgan U.S. Research Enhanced Equity Fund (JDESX) has a higher volatility of 4.82% compared to Alger Growth & Income Fund (ALBAX) at 4.49%. 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.

Volatility by Period

	JDESX	ALBAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	4.49%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	9.72%	9.80%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	12.36%	12.62%	-0.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.88%	15.59%	+3.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.75%	17.26%	+2.49%

JDESX vs. ALBAX - Expense Ratio Comparison

JDESX has a 0.35% expense ratio, which is lower than ALBAX's 0.98% expense ratio.

Dividends

JDESX vs. ALBAX - Dividend Comparison

JDESX's dividend yield for the trailing twelve months is around 5.03%, more than ALBAX's 0.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALBAX Alger Growth & Income Fund	0.73%	0.74%	1.08%	0.98%	1.24%	4.17%	2.55%	5.00%	6.75%	2.35%	1.56%	3.75%
JDESX JPMorgan U.S. Research Enhanced Equity Fund	5.03%	5.33%	11.20%	1.23%	2.79%	12.94%	3.89%	11.29%	14.15%	1.39%	1.40%	5.56%

Frequently Asked Questions

Can I hold both JDESX and ALBAX in my portfolio?

With a correlation of 0.93, JDESX and ALBAX 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, JDESX or ALBAX?

JDESX has higher volatility (4.82%) compared to ALBAX (4.49%). In terms of maximum drawdown, JDESX dropped -54.56% vs ALBAX's -40.56%.

Which has better risk-adjusted returns?

ALBAX currently has the higher Sharpe Ratio (2.43 vs 1.68), 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.