SEEGX vs. ALARX

Last updated Jun 26, 2026

SEEGX (JPMorgan Large Cap Growth Fund) and ALARX (Alger Capital Appreciation Institutional Fund) are both Large Cap Growth Equities funds. Over the past 10 years, SEEGX returned 19.89%/yr vs 19.79%/yr for ALARX. Their correlation of 0.90 suggests significant overlap in exposure. SEEGX charges 0.69%/yr vs 1.12%/yr for ALARX.

Performance

SEEGX vs. ALARX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Large Cap Growth Fund (SEEGX) and Alger Capital Appreciation Institutional Fund (ALARX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SEEGX achieves a 3.34% return, which is significantly lower than ALARX's 11.81% return. Both investments have delivered pretty close results over the past 10 years, with SEEGX having a 19.89% annualized return and ALARX not far behind at 19.79%.

SEEGX

• 1D: -0.06%
• 1M: -2.72%
• YTD: 3.34%
• 6M: 1.50%
• 1Y: 13.40%
• 3Y*: 20.96%
• 5Y*: 11.79%
• 10Y*: 19.89%

ALARX

• 1D: -0.48%
• 1M: -0.48%
• YTD: 11.81%
• 6M: 9.54%
• 1Y: 33.68%
• 3Y*: 35.28%
• 5Y*: 16.05%
• 10Y*: 19.79%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SEEGX vs. ALARX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SEEGX JPMorgan Large Cap Growth Fund	3.34%	14.08%	35.14%	34.62%	-25.40%	18.17%	56.02%	39.13%	0.50%	38.03%
ALARX Alger Capital Appreciation Institutional Fund	11.81%	31.75%	49.44%	42.82%	-36.88%	18.38%	41.50%	33.13%	-0.82%	31.11%

Correlation

The correlation between SEEGX and ALARX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jan 3, 1994	0.90

The correlation between SEEGX and ALARX has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.

Return for Risk

SEEGX vs. ALARX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SEEGX

SEEGX Risk / Return Rank: 12
SEEGX Sharpe Ratio Rank: 13
SEEGX Sortino Ratio Rank: 13
SEEGX Omega Ratio Rank: 13
SEEGX Calmar Ratio Rank: 10
SEEGX Martin Ratio Rank: 10

ALARX

ALARX Risk / Return Rank: 33
ALARX Sharpe Ratio Rank: 37
ALARX Sortino Ratio Rank: 33
ALARX Omega Ratio Rank: 34
ALARX Calmar Ratio Rank: 32
ALARX Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SEEGX vs. ALARX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Large Cap Growth Fund (SEEGX) 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.

	SEEGX	ALARX	Difference
Sharpe ratio: Return per unit of total volatility	0.81	1.49	-0.68
Sortino ratio: Return per unit of downside risk	1.17	2.03	-0.85
Omega ratio: Gain probability vs. loss probability	1.15	1.26	-0.10
Calmar ratio: Return relative to maximum drawdown	0.80	1.82	-1.02
Martin ratio: Return relative to average drawdown	2.27	5.90	-3.64

SEEGX vs. ALARX - Sharpe Ratio Comparison

The current SEEGX Sharpe Ratio is 0.81, which is lower than the ALARX Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of SEEGX and ALARX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SEEGX vs. ALARX - Drawdown Comparison

The maximum SEEGX drawdown since its inception was -62.09%, smaller than the maximum ALARX drawdown of -68.32%. Use the drawdown chart below to compare losses from any high point for SEEGX and ALARX.

Drawdown Indicators

	SEEGX	ALARX	Difference
Max Drawdown Largest peak-to-trough decline	-62.09%	-68.32%	+6.23%
Max Drawdown (1Y) Largest decline over 1 year	-16.82%	-18.65%	+1.83%
Max Drawdown (3Y) Largest decline over 3 years	-21.50%	-27.77%	+6.27%
Max Drawdown (5Y) Largest decline over 5 years	-31.23%	-46.86%	+15.63%
Max Drawdown (10Y) Largest decline over 10 years	-31.85%	-46.86%	+15.01%
Current Drawdown Current decline from peak	-4.18%	-4.66%	+0.48%
Average Drawdown Average peak-to-trough decline	-16.88%	-20.94%	+4.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.96%	5.74%	+0.22%

Volatility

SEEGX vs. ALARX - Volatility Comparison

The current volatility for JPMorgan Large Cap Growth Fund (SEEGX) is 7.24%, while Alger Capital Appreciation Institutional Fund (ALARX) has a volatility of 9.62%. This indicates that SEEGX 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.

Volatility by Period

	SEEGX	ALARX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.24%	9.62%	-2.38%
Volatility (6M) Calculated over the trailing 6-month period	12.70%	17.70%	-5.00%
Volatility (1Y) Calculated over the trailing 1-year period	16.88%	22.87%	-5.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.40%	28.10%	-7.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.67%	24.92%	-3.25%

SEEGX vs. ALARX - Expense Ratio Comparison

SEEGX has a 0.69% expense ratio, which is lower than ALARX's 1.12% expense ratio.

Dividends

SEEGX vs. ALARX - Dividend Comparison

SEEGX's dividend yield for the trailing twelve months is around 11.07%, more than ALARX's 6.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALARX Alger Capital Appreciation Institutional Fund	6.25%	6.99%	13.06%	8.09%	3.90%	19.40%	16.62%	10.34%	12.39%	6.75%	0.00%	7.71%
SEEGX JPMorgan Large Cap Growth Fund	11.07%	11.44%	2.00%	0.12%	3.42%	14.92%	5.27%	12.85%	15.97%	14.79%	9.88%	4.49%

Frequently Asked Questions

Can I hold both SEEGX and ALARX in my portfolio?

With a correlation of 0.91, SEEGX and ALARX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SEEGX or ALARX?

ALARX has higher volatility (9.62%) compared to SEEGX (7.24%). In terms of maximum drawdown, SEEGX dropped -62.09% vs ALARX's -68.32%.

Which has better risk-adjusted returns?

ALARX currently has the higher Sharpe Ratio (1.49 vs 0.81), 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.