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MRGAX vs. ALBAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.9

Performance

MRGAX vs. ALBAX - Performance Comparison

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

-5.00%0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
0.45%
7.82%
MRGAX
ALBAX

Key characteristics

Sharpe Ratio

MRGAX:

0.90

ALBAX:

1.99

Sortino Ratio

MRGAX:

1.16

ALBAX:

2.63

Omega Ratio

MRGAX:

1.19

ALBAX:

1.36

Calmar Ratio

MRGAX:

1.11

ALBAX:

3.00

Martin Ratio

MRGAX:

5.49

ALBAX:

13.25

Ulcer Index

MRGAX:

2.42%

ALBAX:

1.75%

Daily Std Dev

MRGAX:

14.78%

ALBAX:

11.72%

Max Drawdown

MRGAX:

-53.66%

ALBAX:

-40.56%

Current Drawdown

MRGAX:

-10.48%

ALBAX:

-1.97%

Returns By Period

In the year-to-date period, MRGAX achieves a 12.72% return, which is significantly lower than ALBAX's 22.75% return. Over the past 10 years, MRGAX has underperformed ALBAX with an annualized return of 11.63%, while ALBAX has yielded a comparatively higher 12.33% annualized return.


MRGAX

YTD

12.72%

1M

-8.40%

6M

0.45%

1Y

13.09%

5Y*

11.32%

10Y*

11.63%

ALBAX

YTD

22.75%

1M

1.02%

6M

7.82%

1Y

22.96%

5Y*

14.43%

10Y*

12.33%

Compare stocks, funds, or ETFs

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


MRGAX vs. ALBAX - Expense Ratio Comparison

MRGAX has a 0.93% 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 MRGAX: current value at 0.93% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.93%

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.


Sharpe ratio
The chart of Sharpe ratio for MRGAX, currently valued at 0.90, compared to the broader market-1.000.001.002.003.004.000.901.99
The chart of Sortino ratio for MRGAX, currently valued at 1.16, compared to the broader market-2.000.002.004.006.008.0010.001.162.63
The chart of Omega ratio for MRGAX, currently valued at 1.19, compared to the broader market0.501.001.502.002.503.003.501.191.36
The chart of Calmar ratio for MRGAX, currently valued at 1.11, compared to the broader market0.002.004.006.008.0010.0012.001.113.00
The chart of Martin ratio for MRGAX, currently valued at 5.49, compared to the broader market0.0020.0040.0060.005.4913.25
MRGAX
ALBAX

The current MRGAX Sharpe Ratio is 0.90, which is lower than the ALBAX Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of MRGAX 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 Ratio1.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
0.90
1.99
MRGAX
ALBAX

Dividends

MRGAX vs. ALBAX - Dividend Comparison

MRGAX has not paid dividends to shareholders, while ALBAX's dividend yield for the trailing twelve months is around 0.67%.


TTM20232022202120202019201820172016201520142013
MRGAX
MFS Core Equity Fund
0.00%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
0.67%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.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-10.48%
-1.97%
MRGAX
ALBAX

Volatility

MRGAX vs. ALBAX - Volatility Comparison

MFS Core Equity Fund (MRGAX) has a higher volatility of 9.21% compared to Alger Growth & Income Fund (ALBAX) at 4.09%. 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.


2.00%4.00%6.00%8.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
9.21%
4.09%
MRGAX
ALBAX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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