MEFOX vs. AIGOX

Last updated Jun 23, 2026

MEFOX (Meehan Focus Fund) and AIGOX (Alger Growth & Income Portfolio) are both Large Cap Blend Equities funds. Over the past 10 years, MEFOX returned 17.08%/yr vs 15.78%/yr for AIGOX. Their correlation of 0.89 suggests significant overlap in exposure. MEFOX charges 1.01%/yr vs 0.86%/yr for AIGOX.

Performance

MEFOX vs. AIGOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Meehan Focus Fund (MEFOX) 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, MEFOX achieves a 13.15% return, which is significantly lower than AIGOX's 13.97% return. Over the past 10 years, MEFOX has outperformed AIGOX with an annualized return of 17.08%, while AIGOX has yielded a comparatively lower 15.78% annualized return.

MEFOX

• 1D: 1.54%
• 1M: 3.19%
• YTD: 13.15%
• 6M: 13.08%
• 1Y: 36.42%
• 3Y*: 25.07%
• 5Y*: 16.73%
• 10Y*: 17.08%

AIGOX

• 1D: 1.22%
• 1M: 0.98%
• YTD: 13.97%
• 6M: 13.65%
• 1Y: 35.03%
• 3Y*: 22.45%
• 5Y*: 15.58%
• 10Y*: 15.78%

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

MEFOX vs. AIGOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MEFOX Meehan Focus Fund	13.15%	21.08%	26.12%	35.45%	-20.75%	35.58%	20.45%	33.19%	-7.53%	21.89%
AIGOX Alger Growth & Income Portfolio	13.97%	19.79%	23.07%	23.62%	-15.15%	31.82%	14.86%	29.48%	-4.61%	21.33%

Correlation

The correlation between MEFOX and AIGOX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Dec 9, 1999	0.89

The correlation between MEFOX and AIGOX has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.

Return for Risk

MEFOX vs. AIGOX — Risk / Return Rank

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

MEFOX

MEFOX Risk / Return Rank: 77
MEFOX Sharpe Ratio Rank: 81
MEFOX Sortino Ratio Rank: 74
MEFOX Omega Ratio Rank: 70
MEFOX Calmar Ratio Rank: 77
MEFOX Martin Ratio Rank: 83

AIGOX

AIGOX Risk / Return Rank: 87
AIGOX Sharpe Ratio Rank: 88
AIGOX Sortino Ratio Rank: 84
AIGOX Omega Ratio Rank: 80
AIGOX Calmar Ratio Rank: 90
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.

MEFOX vs. AIGOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Meehan Focus Fund (MEFOX) 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.

	MEFOX	AIGOX	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.68	-0.25
Sortino ratio: Return per unit of downside risk	3.28	3.65	-0.38
Omega ratio: Gain probability vs. loss probability	1.43	1.48	-0.05
Calmar ratio: Return relative to maximum drawdown	3.31	4.28	-0.97
Martin ratio: Return relative to average drawdown	14.41	19.06	-4.65

MEFOX vs. AIGOX - Sharpe Ratio Comparison

The current MEFOX Sharpe Ratio is 2.43, which is comparable to the AIGOX Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of MEFOX 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

MEFOX vs. AIGOX - Drawdown Comparison

The maximum MEFOX drawdown since its inception was -54.83%, smaller than the maximum AIGOX drawdown of -63.78%. Use the drawdown chart below to compare losses from any high point for MEFOX and AIGOX.

Drawdown Indicators

	MEFOX	AIGOX	Difference
Max Drawdown Largest peak-to-trough decline	-54.83%	-63.78%	+8.95%
Max Drawdown (1Y) Largest decline over 1 year	-10.88%	-8.11%	-2.77%
Max Drawdown (3Y) Largest decline over 3 years	-20.12%	-18.83%	-1.29%
Max Drawdown (5Y) Largest decline over 5 years	-26.19%	-23.30%	-2.89%
Max Drawdown (10Y) Largest decline over 10 years	-36.38%	-34.18%	-2.20%
Current Drawdown Current decline from peak	0.00%	-0.80%	+0.80%
Average Drawdown Average peak-to-trough decline	-9.10%	-15.37%	+6.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	1.82%	+0.68%

Volatility

MEFOX vs. AIGOX - Volatility Comparison

Meehan Focus Fund (MEFOX) has a higher volatility of 5.02% compared to Alger Growth & Income Portfolio (AIGOX) at 4.57%. This indicates that MEFOX'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

	MEFOX	AIGOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.02%	4.57%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	11.60%	10.21%	+1.39%
Volatility (1Y) Calculated over the trailing 1-year period	14.81%	12.95%	+1.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.74%	17.32%	+1.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.64%	18.05%	+1.59%

MEFOX vs. AIGOX - Expense Ratio Comparison

MEFOX has a 1.01% expense ratio, which is higher than AIGOX's 0.86% expense ratio.

Dividends

MEFOX vs. AIGOX - Dividend Comparison

MEFOX's dividend yield for the trailing twelve months is around 0.14%, less than AIGOX's 11.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIGOX Alger Growth & Income Portfolio	11.92%	13.51%	1.23%	4.06%	8.76%	8.32%	1.66%	10.86%	8.44%	1.42%	1.17%	1.72%
MEFOX Meehan Focus Fund	0.14%	0.16%	0.94%	0.37%	0.80%	3.55%	1.09%	3.55%	2.84%	0.57%	0.37%	0.00%

Frequently Asked Questions

Can I hold both MEFOX and AIGOX in my portfolio?

With a correlation of 0.92, MEFOX 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, MEFOX or AIGOX?

MEFOX has higher volatility (5.02%) compared to AIGOX (4.57%). In terms of maximum drawdown, MEFOX dropped -54.83% vs AIGOX's -63.78%.

Which has better risk-adjusted returns?

AIGOX currently has the higher Sharpe Ratio (2.68 vs 2.43), 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.