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 | 2.37% | 6.90% | 13.23% | 15.75% | -13.60% | 24.25% | 12.84% | 25.48% | -12.02% | 15.01% |
ALARX Alger Capital Appreciation Institutional Fund | -10.15% | 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 2.37% return, which is significantly higher than ALARX's -10.15% return. Over the past 10 years, MXMDX has underperformed ALARX with an annualized return of 9.32%, while ALARX has yielded a comparatively higher 16.80% annualized return.
MXMDX
- 1D
- 2.86%
- 1M
- -6.22%
- YTD
- 2.37%
- 6M
- 3.53%
- 1Y
- 16.02%
- 3Y*
- 11.42%
- 5Y*
- 6.29%
- 10Y*
- 9.32%
ALARX
- 1D
- 4.97%
- 1M
- -4.89%
- YTD
- -10.15%
- 6M
- -11.34%
- 1Y
- 32.72%
- 3Y*
- 30.55%
- 5Y*
- 12.82%
- 10Y*
- 16.80%
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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 | 0.78 | 1.25 | -0.47 |
Sortino ratioReturn per unit of downside risk | 1.24 | 1.85 | -0.60 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.82 | -0.68 |
Martin ratioReturn relative to average drawdown | 4.93 | 6.03 | -1.10 |
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 | 0.78 | 1.25 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.46 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.68 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.47 | -0.05 |
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 6.50%, less than ALARX's 7.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXMDX Great-West S&P Mid Cap 400 Index Fund | 6.50% | 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 | 7.77% | 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 | -6.26% | -14.61% | +8.35% |
Average DrawdownAverage peak-to-trough decline | -6.00% | -21.07% | +15.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 5.61% | -2.14% |
Volatility
MXMDX vs. ALARX - Volatility Comparison
The current volatility for Great-West S&P Mid Cap 400 Index Fund (MXMDX) is 6.50%, while Alger Capital Appreciation Institutional Fund (ALARX) has a volatility of 9.23%. 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 | 6.50% | 9.23% | -2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 11.83% | 17.21% | -5.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.79% | 27.96% | -5.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.00% | 27.79% | -7.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.20% | 24.70% | -3.50% |