MRGAX vs. ALBAX
Compare and contrast key facts about MFS Core Equity Fund (MRGAX) and Alger Growth & Income Fund (ALBAX).
MRGAX is managed by MFS. It was launched on Jan 2, 1996. 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: MRGAX or ALBAX.
Key characteristics
| MRGAX | ALBAX | |
|---|---|---|
| YTD Return | 23.65% | 22.39% |
| 1Y Return | 34.82% | 30.55% |
| 3Y Return (Ann) | 8.26% | 10.00% |
| 5Y Return (Ann) | 14.59% | 15.23% |
| 10Y Return (Ann) | 13.13% | 12.53% |
| Sharpe Ratio | 3.03 | 2.87 |
| Sortino Ratio | 4.08 | 3.83 |
| Omega Ratio | 1.56 | 1.53 |
| Calmar Ratio | 4.79 | 4.22 |
| Martin Ratio | 19.97 | 19.39 |
| Ulcer Index | 1.84% | 1.68% |
| Daily Std Dev | 12.11% | 11.30% |
| Max Drawdown | -53.66% | -40.56% |
| Current Drawdown | 0.00% | -0.28% |
Correlation
The correlation between MRGAX 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.
Performance
MRGAX vs. ALBAX - Performance Comparison
In the year-to-date period, MRGAX achieves a 23.65% return, which is significantly higher than ALBAX's 22.39% return. Both investments have delivered pretty close results over the past 10 years, with MRGAX having a 13.13% annualized return and ALBAX not far behind at 12.53%. 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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MRGAX vs. ALBAX - Expense Ratio Comparison
MRGAX has a 0.93% expense ratio, which is lower than ALBAX's 0.98% expense ratio.
Risk-Adjusted Performance
MRGAX vs. ALBAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Core Equity Fund (MRGAX) 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
MRGAX vs. ALBAX - Dividend Comparison
MRGAX's dividend yield for the trailing twelve months is around 0.52%, less than ALBAX's 1.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRGAX MFS Core Equity Fund | 0.52% | 0.65% | 0.39% | 0.16% | 0.37% | 0.43% | 0.60% | 0.54% | 0.60% | 11.57% | 8.70% | 0.63% |
ALBAX Alger Growth & Income Fund | 1.02% | 1.29% | 1.24% | 0.85% | 1.20% | 1.46% | 1.64% | 1.19% | 1.53% | 1.57% | 1.78% | 1.60% |
Drawdowns
MRGAX vs. ALBAX - Drawdown Comparison
The maximum MRGAX drawdown since its inception was -53.66%, which is greater than ALBAX's maximum drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for MRGAX and ALBAX. For additional features, visit the drawdowns tool.
Volatility
MRGAX vs. ALBAX - Volatility Comparison
MFS Core Equity Fund (MRGAX) has a higher volatility of 3.76% compared to Alger Growth & Income Fund (ALBAX) at 3.50%. This indicates that MRGAX'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.