MXLGX vs. ALARX
MXLGX (Great-West Large Cap Growth Fund) and ALARX (Alger Capital Appreciation Institutional Fund) are both Large Cap Growth Equities funds. Over the past 10 years, MXLGX returned 15.54%/yr vs 18.88%/yr for ALARX. Their correlation of 0.90 means they have usually moved in the same direction. MXLGX charges 1.00%/yr vs 1.12%/yr for ALARX.
Performance
MXLGX vs. ALARX - Performance Comparison
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Returns By Period
In the year-to-date period, MXLGX achieves a 2.98% return, which is significantly lower than ALARX's 12.31% return. Over the past 10 years, MXLGX has underperformed ALARX with an annualized return of 15.54%, while ALARX has yielded a comparatively higher 18.88% annualized return.
MXLGX
- 1D
- 1.42%
- 1M
- -0.56%
- 6M
- 4.89%
- YTD
- 2.98%
- 1Y
- 7.43%
- 3Y*
- 17.28%
- 5Y*
- 9.87%
- 10Y*
- 15.54%
- ALL TIME*
- 5.90%
ALARX
- 1D
- 2.46%
- 1M
- 0.10%
- 6M
- 15.66%
- YTD
- 12.31%
- 1Y
- 23.97%
- 3Y*
- 34.30%
- 5Y*
- 15.32%
- 10Y*
- 18.88%
- ALL TIME*
- 12.18%
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 |
MXLGX vs. ALARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXLGX Great-West Large Cap Growth Fund | 2.98% | 13.93% | 25.30% | 33.43% | -34.08% | 41.30% | 40.72% | 36.20% | -0.47% | 28.82% |
ALARX Alger Capital Appreciation Institutional Fund | 12.31% | 31.75% | 49.44% | 42.82% | -36.88% | 18.38% | 41.50% | 33.13% | -0.82% | 31.11% |
Correlation
The correlation between MXLGX and ALARX is 0.87, 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. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since May 27, 2003 | 0.90 |
The correlation between MXLGX and ALARX has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.
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Return for Risk
MXLGX vs. ALARX — Risk / Return Rank
MXLGX
ALARX
MXLGX vs. ALARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West Large Cap Growth Fund (MXLGX) and Alger Capital Appreciation Institutional Fund (ALARX). 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.
| MXLGX | ALARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.20 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 1.45 | -0.96 |
| Martin ratioReturn relative to average drawdown | 1.49 | 4.46 | -2.98 |
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Drawdowns
MXLGX vs. ALARX - Drawdown Comparison
The maximum MXLGX drawdown since its inception was -62.98%, smaller than the maximum ALARX drawdown of -68.32%. Use the drawdown chart below to compare losses from any high point for MXLGX and ALARX.
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Drawdown Indicators
| MXLGX | ALARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.98% | -68.32% | +5.34% |
Max Drawdown (1Y)Largest decline over 1 year | -14.95% | -18.65% | +3.70% |
Max Drawdown (3Y)Largest decline over 3 years | -20.74% | -27.77% | +7.03% |
Max Drawdown (5Y)Largest decline over 5 years | -38.07% | -46.86% | +8.79% |
Max Drawdown (10Y)Largest decline over 10 years | -38.07% | -46.86% | +8.79% |
Current DrawdownCurrent decline from peak | -2.90% | -4.24% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -25.65% | -20.89% | -4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.89% | 6.03% | -1.14% |
Volatility
MXLGX vs. ALARX - Volatility Comparison
The current volatility for Great-West Large Cap Growth Fund (MXLGX) is 5.34%, while Alger Capital Appreciation Institutional Fund (ALARX) has a volatility of 8.24%. This indicates that MXLGX experiences smaller price fluctuations and is considered to be less risky than ALARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXLGX | ALARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 8.24% | -2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 12.69% | 19.02% | -6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.97% | 24.00% | -8.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.07% | 28.33% | -6.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.55% | 25.05% | -1.50% |
MXLGX vs. ALARX - Expense Ratio Comparison
MXLGX has a 1.00% expense ratio, which is lower than ALARX's 1.12% expense ratio.
Dividends
MXLGX vs. ALARX - Dividend Comparison
MXLGX's dividend yield for the trailing twelve months is around 12.53%, more than ALARX's 6.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALARX Alger Capital Appreciation Institutional Fund | 6.22% | 6.99% | 13.06% | 8.09% | 3.90% | 19.40% | 16.62% | 10.34% | 12.39% | 6.75% | 0.00% | 7.71% |
MXLGX Great-West Large Cap Growth Fund | 12.53% | 12.90% | 9.72% | 2.95% | 9.29% | 21.33% | 30.57% | 17.96% | 25.47% | 5.25% | 0.00% | 0.00% |
Frequently Asked Questions
MXLGX and ALARX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALARX has higher volatility (8.24%) compared to MXLGX (5.34%). In terms of maximum drawdown, MXLGX dropped -62.98% vs ALARX's -68.32%.
ALARX currently has the higher Sharpe Ratio (1.13 vs 0.46), 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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