MXMDX vs. ALARX
Compare and contrast key facts about Great-West S&P Mid Cap 400 Index Fund (MXMDX) and Alger Capital Appreciation Institutional Fund (ALARX).
MXMDX is managed by Great-West. It was launched on Jan 20, 2011. ALARX is managed by Alger. It was launched on Nov 8, 1993.
Performance
MXMDX vs. ALARX - Performance Comparison
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MXMDX vs. ALARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXMDX Great-West S&P Mid Cap 400 Index Fund | -0.47% | 6.90% | 13.23% | 15.75% | -13.60% | 24.25% | 12.84% | 25.48% | -12.02% | 15.01% |
ALARX Alger Capital Appreciation Institutional Fund | -14.40% | 31.75% | 49.44% | 42.82% | -36.88% | 18.38% | 41.50% | 33.13% | -0.82% | 31.11% |
Returns By Period
In the year-to-date period, MXMDX achieves a -0.47% return, which is significantly higher than ALARX's -14.40% return. Over the past 10 years, MXMDX has underperformed ALARX with an annualized return of 9.01%, while ALARX has yielded a comparatively higher 16.23% annualized return.
MXMDX
- 1D
- -0.80%
- 1M
- -8.07%
- YTD
- -0.47%
- 6M
- 0.97%
- 1Y
- 13.42%
- 3Y*
- 10.38%
- 5Y*
- 5.69%
- 10Y*
- 9.01%
ALARX
- 1D
- -1.61%
- 1M
- -9.50%
- YTD
- -14.40%
- 6M
- -15.06%
- 1Y
- 28.27%
- 3Y*
- 28.46%
- 5Y*
- 12.22%
- 10Y*
- 16.23%
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MXMDX vs. ALARX - Expense Ratio Comparison
MXMDX has a 0.55% expense ratio, which is lower than ALARX's 1.12% expense ratio.
Return for Risk
MXMDX vs. ALARX — Risk / Return Rank
MXMDX
ALARX
MXMDX vs. ALARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West S&P Mid Cap 400 Index Fund (MXMDX) 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.
| MXMDX | ALARX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.57 | 1.00 | -0.43 |
Sortino ratioReturn per unit of downside risk | 0.97 | 1.54 | -0.58 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.21 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.78 | 1.31 | -0.53 |
Martin ratioReturn relative to average drawdown | 3.41 | 4.41 | -1.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MXMDX | ALARX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 1.00 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.44 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.66 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.46 | -0.06 |
Correlation
The correlation between MXMDX and ALARX is 0.73, 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.
Dividends
MXMDX vs. ALARX - Dividend Comparison
MXMDX's dividend yield for the trailing twelve months is around 6.69%, less than ALARX's 8.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXMDX Great-West S&P Mid Cap 400 Index Fund | 6.69% | 6.66% | 3.04% | 4.76% | 4.35% | 5.24% | 5.74% | 3.74% | 8.13% | 4.51% | 0.00% | 0.00% |
ALARX Alger Capital Appreciation Institutional Fund | 8.16% | 6.99% | 13.06% | 8.09% | 3.90% | 19.40% | 16.62% | 10.34% | 12.39% | 6.75% | 0.00% | 7.71% |
Drawdowns
MXMDX vs. ALARX - Drawdown Comparison
The maximum MXMDX drawdown since its inception was -41.80%, smaller than the maximum ALARX drawdown of -68.32%. Use the drawdown chart below to compare losses from any high point for MXMDX and ALARX.
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Drawdown Indicators
| MXMDX | ALARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.80% | -68.32% | +26.52% |
Max Drawdown (1Y)Largest decline over 1 year | -14.12% | -18.65% | +4.53% |
Max Drawdown (5Y)Largest decline over 5 years | -24.15% | -46.86% | +22.71% |
Max Drawdown (10Y)Largest decline over 10 years | -41.80% | -46.86% | +5.06% |
Current DrawdownCurrent decline from peak | -8.87% | -18.65% | +9.78% |
Average DrawdownAverage peak-to-trough decline | -6.00% | -21.07% | +15.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 5.54% | -2.09% |
Volatility
MXMDX vs. ALARX - Volatility Comparison
The current volatility for Great-West S&P Mid Cap 400 Index Fund (MXMDX) is 5.75%, while Alger Capital Appreciation Institutional Fund (ALARX) has a volatility of 7.54%. This indicates that MXMDX 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
| MXMDX | ALARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.75% | 7.54% | -1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 11.49% | 16.53% | -5.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.65% | 27.59% | -4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.96% | 27.71% | -7.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.18% | 24.65% | -3.47% |