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Alger AI Enablers & Adopters Z (AAIZX) Sharpe Ratio: 2.61

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

Under normal circumstances, the fund invests at least 80% of its net assets in equity securities of companies that the advisor believes will benefit from artificial intelligence, demonstrate promising growth potential, and where AI can materially influence stock price performance over the next twelve to thirty-six months.

AAIZX's Sharpe Ratio of 2.61 indicates that for each unit of volatility, it generates 2.61 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

AAIZX Sharpe Ratio Rank

AAIZX Sharpe Ratio Rank: 86.687
Exceptional

AAIZX ranks above 86.6% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

AAIZX Sharpe Ratio Market Positioning

The chart shows AAIZX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.33 or lower
  • Yellow zone (middle 50%): 1.33 to 2.32
  • Green zone (top 25%): 2.32 or higher
  • Top 1%: 4.32+
  • Median: 1.93 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Alger AI Enablers & Adopters Z's Sharpe Ratio with other mutual funds in the Technology Equities category across multiple time periods, showing how AAIZX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
FDCPXFidelity Select Tech Hardware Portfolio5.63
RYSIXRydex Electronics Fund4.57
ARKVXARK Venture Fund4.51
FIKGXFidelity Advisor Semiconductors Fund Class Z4.49
FELIXFidelity Advisor Semiconductors Fund Class I4.48
FELAXFidelity Advisor Semiconductors Fund Class A4.46
FELTXFidelity Advisor Semiconductors Fund Class M4.44
FELCXFidelity Advisor Semiconductors Fund Class C4.40
CCOYXColumbia Seligman Technology and Information Fund Institutional 3 Class4.40
SCMIXColumbia Seligman Technology and Information Fund Institutional 2 Class4.40
AAIZXAlger AI Enablers & Adopters Z2.61

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows AAIZX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when AAIZX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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How does AAIZX fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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