PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
MIGFX vs. ALBAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

MIGFX vs. ALBAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Massachusetts Investors Growth Stock Fund (MIGFX) and Alger Growth & Income Fund (ALBAX). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
6.87%
9.42%
MIGFX
ALBAX

Returns By Period

In the year-to-date period, MIGFX achieves a 17.84% return, which is significantly lower than ALBAX's 21.51% return. Over the past 10 years, MIGFX has underperformed ALBAX with an annualized return of 7.28%, while ALBAX has yielded a comparatively higher 12.32% annualized return.


MIGFX

YTD

17.84%

1M

0.37%

6M

6.87%

1Y

17.92%

5Y (annualized)

7.05%

10Y (annualized)

7.28%

ALBAX

YTD

21.51%

1M

1.43%

6M

9.41%

1Y

26.29%

5Y (annualized)

15.00%

10Y (annualized)

12.32%

Key characteristics


MIGFXALBAX
Sharpe Ratio1.452.33
Sortino Ratio1.973.13
Omega Ratio1.271.42
Calmar Ratio1.153.40
Martin Ratio8.0515.37
Ulcer Index2.23%1.71%
Daily Std Dev12.40%11.28%
Max Drawdown-61.53%-40.56%
Current Drawdown-0.75%-1.00%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


MIGFX vs. ALBAX - Expense Ratio Comparison

MIGFX has a 0.70% expense ratio, which is lower than ALBAX's 0.98% expense ratio.


ALBAX
Alger Growth & Income Fund
Expense ratio chart for ALBAX: current value at 0.98% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.98%
Expense ratio chart for MIGFX: current value at 0.70% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.70%

Correlation

-0.50.00.51.00.9

The correlation between MIGFX and ALBAX is 0.93, 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.

Risk-Adjusted Performance

MIGFX vs. ALBAX - Risk-Adjusted Performance 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.


Sharpe ratio
The chart of Sharpe ratio for MIGFX, currently valued at 1.45, compared to the broader market-1.000.001.002.003.004.005.001.452.33
The chart of Sortino ratio for MIGFX, currently valued at 1.97, compared to the broader market0.005.0010.001.973.13
The chart of Omega ratio for MIGFX, currently valued at 1.27, compared to the broader market1.002.003.004.001.271.42
The chart of Calmar ratio for MIGFX, currently valued at 1.15, compared to the broader market0.005.0010.0015.0020.001.153.40
The chart of Martin ratio for MIGFX, currently valued at 8.05, compared to the broader market0.0020.0040.0060.0080.00100.008.0515.37
MIGFX
ALBAX

The current MIGFX Sharpe Ratio is 1.45, which is lower than the ALBAX Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of MIGFX and ALBAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
1.45
2.33
MIGFX
ALBAX

Dividends

MIGFX vs. ALBAX - Dividend Comparison

MIGFX's dividend yield for the trailing twelve months is around 0.35%, less than ALBAX's 1.03% yield.


TTM20232022202120202019201820172016201520142013
MIGFX
MFS Massachusetts Investors Growth Stock Fund
0.35%0.41%0.44%0.18%0.15%0.27%1.08%0.89%0.80%0.92%4.42%2.00%
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

MIGFX vs. ALBAX - Drawdown Comparison

The maximum MIGFX drawdown since its inception was -61.53%, 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. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.75%
-1.00%
MIGFX
ALBAX

Volatility

MIGFX vs. ALBAX - Volatility Comparison

MFS Massachusetts Investors Growth Stock Fund (MIGFX) has a higher volatility of 3.71% compared to Alger Growth & Income Fund (ALBAX) at 3.47%. This indicates that MIGFX'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.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
3.71%
3.47%
MIGFX
ALBAX