MIGFX vs. ALBAX
MIGFX (MFS Massachusetts Investors Growth Stock Fund) and ALBAX (Alger Growth & Income Fund) are both mutual funds - MIGFX is a Large Cap Growth Equities fund managed by MFS, while ALBAX is a Large Cap Blend Equities fund managed by Alger. Over the past 10 years, MIGFX returned 14.08%/yr vs 14.90%/yr for ALBAX. Their correlation of 0.93 means they have usually moved in the same direction. MIGFX charges 0.70%/yr vs 0.98%/yr for ALBAX.
Performance
MIGFX vs. ALBAX - Performance Comparison
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Returns By Period
In the year-to-date period, MIGFX achieves a -1.78% return, which is significantly lower than ALBAX's 12.10% return. Over the past 10 years, MIGFX has underperformed ALBAX with an annualized return of 14.08%, while ALBAX has yielded a comparatively higher 14.90% annualized return.
MIGFX
- 1D
- 1.34%
- 1M
- 0.92%
- 6M
- -1.02%
- YTD
- -1.78%
- 1Y
- 3.68%
- 3Y*
- 12.93%
- 5Y*
- 8.13%
- 10Y*
- 14.08%
- ALL TIME*
- 7.42%
ALBAX
- 1D
- 1.44%
- 1M
- -0.39%
- 6M
- 9.72%
- YTD
- 12.10%
- 1Y
- 26.12%
- 3Y*
- 19.66%
- 5Y*
- 13.53%
- 10Y*
- 14.90%
- ALL TIME*
- 10.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MIGFX vs. ALBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIGFX MFS Massachusetts Investors Growth Stock Fund | -1.78% | 9.97% | 27.25% | 24.13% | -19.20% | 26.06% | 22.55% | 39.89% | 0.81% | 28.68% |
ALBAX Alger Growth & Income Fund | 12.10% | 19.89% | 21.81% | 22.60% | -14.12% | 30.79% | 15.22% | 28.92% | -4.72% | 20.18% |
Correlation
The correlation between MIGFX and ALBAX is 0.80, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997 | 0.93 |
The correlation between MIGFX and ALBAX shifts across timeframes, from 0.80 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MIGFX vs. ALBAX — Risk / Return Rank
MIGFX
ALBAX
MIGFX vs. ALBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Massachusetts Investors Growth Stock Fund (MIGFX) 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.
| MIGFX | ALBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.32 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | 3.04 | -2.92 |
| Martin ratioReturn relative to average drawdown | 0.36 | 12.95 | -12.59 |
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Drawdowns
MIGFX vs. ALBAX - Drawdown Comparison
The maximum MIGFX drawdown since its inception was -61.83%, which is greater than ALBAX's maximum drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for MIGFX and ALBAX.
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Drawdown Indicators
| MIGFX | ALBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.83% | -40.56% | -21.27% |
Max Drawdown (1Y)Largest decline over 1 year | -13.77% | -7.86% | -5.91% |
Max Drawdown (3Y)Largest decline over 3 years | -18.68% | -17.65% | -1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -26.67% | -22.06% | -4.61% |
Max Drawdown (10Y)Largest decline over 10 years | -32.42% | -34.26% | +1.84% |
Current DrawdownCurrent decline from peak | -3.82% | -1.66% | -2.16% |
Average DrawdownAverage peak-to-trough decline | -18.91% | -7.31% | -11.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.57% | 1.84% | +2.73% |
Volatility
MIGFX vs. ALBAX - Volatility Comparison
MFS Massachusetts Investors Growth Stock Fund (MIGFX) and Alger Growth & Income Fund (ALBAX) have volatilities of 3.24% and 3.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIGFX | ALBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.24% | 3.23% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.75% | 9.92% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.39% | 12.97% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.63% | 15.61% | +2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 17.25% | +0.95% |
MIGFX vs. ALBAX - Expense Ratio Comparison
MIGFX has a 0.70% expense ratio, which is lower than ALBAX's 0.98% expense ratio.
Dividends
MIGFX vs. ALBAX - Dividend Comparison
MIGFX's dividend yield for the trailing twelve months is around 10.79%, more than ALBAX's 0.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALBAX Alger Growth & Income Fund | 0.72% | 0.74% | 1.08% | 0.98% | 1.24% | 4.17% | 2.55% | 5.00% | 6.75% | 2.35% | 1.56% | 3.75% |
MIGFX MFS Massachusetts Investors Growth Stock Fund | 10.79% | 11.39% | 17.15% | 4.11% | 4.49% | 10.47% | 7.43% | 7.39% | 10.76% | 6.87% | 5.12% | 6.51% |
Frequently Asked Questions
MIGFX and ALBAX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MIGFX has higher volatility (3.24%) compared to ALBAX (3.23%). In terms of maximum drawdown, MIGFX dropped -61.83% vs ALBAX's -40.56%.
ALBAX currently has the higher Sharpe Ratio (1.84 vs 0.12), 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.
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