AFOIX Alternatives & Similar Mutual Funds

Alger Mid Cap Focus Fund new (AFOIX) belongs to the Mid Cap Growth Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with AFOIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to AFOIX

AFOIX charges 0.95% annually. There are 79 mutual funds in the Mid Cap Growth Equities category with lower expense ratios, going as low as 0.02%.

Symbol	Name	Expense Ratio	AUM	Inception
SSMHX	State Street Small/Mid Cap Equity Index Portfolio	0.02%	—	Aug 2015	AFOIX vs SSMHX
FSMAX	Fidelity Extended Market Index Fund	0.04%	—	—	AFOIX vs FSMAX
MMGPX	Morgan Stanley Discovery Portfolio	0.04%	—	Apr 2017	AFOIX vs MMGPX
FMDGX	Fidelity Mid Cap Growth Index Fund	0.05%	—	Jul 2019	AFOIX vs FMDGX
VMGMX	Vanguard Mid-Cap Growth Index Fund Admiral Shares	0.07%	32.20B	Sep 2011	AFOIX vs VMGMX

Best Risk-Adjusted Alternatives to AFOIX

AFOIX has a PortfoliosLab risk / return rank of 21. There are 46 mutual funds in the Mid Cap Growth Equities category with higher risk-adjusted ranks, going as high as 93.

Symbol	Name	Risk / Return Rank	AUM	Inception
NEEGX	Needham Growth Fund	93	—	Jan 1996	AFOIX vs NEEGX
NEEIX	Needham Growth Fund Institutional Class	93	—	Dec 2016	AFOIX vs NEEIX
VHCOX	Vanguard Capital Opportunity Fund Investor Shares	91	27.60B	Aug 1995	AFOIX vs VHCOX
TAAGX	Timothy Plan Aggressive Growth Fund	90	—	Oct 2000	AFOIX vs TAAGX
POAGX	PrimeCap Odyssey Aggressive Growth Fund	83	—	Nov 2004	AFOIX vs POAGX

Top Performing AFOIX Alternatives (YTD)

AFOIX is at 9.73% YTD. There are 68 mutual funds in the Mid Cap Growth Equities category with higher YTD returns, going as high as 59.61%.

Symbol	Name	YTD Return	AUM	Inception
NEEIX	Needham Growth Fund Institutional Class	59.61%	—	Dec 2016	AFOIX vs NEEIX
NEEGX	Needham Growth Fund	59.35%	—	Jan 1996	AFOIX vs NEEGX
TAAGX	Timothy Plan Aggressive Growth Fund	36.54%	—	Oct 2000	AFOIX vs TAAGX
EEOFX	Essex Environmental Opportunities Fund	31.64%	—	Sep 2017	AFOIX vs EEOFX
CTIGX	Calamos Timpani SMID Growth Fund	29.85%	—	Jul 2019	AFOIX vs CTIGX

Lowest Volatility Alternatives to AFOIX

AFOIX has 22.17% 1-year volatility. There are 146 mutual funds in the Mid Cap Growth Equities category with lower 1-year volatility, going as low as 11.30%.

Symbol	Name	Volatility 1Y	AUM	Inception
VLEQX	Villere Equity Fund	11.30%	—	May 2013	AFOIX vs VLEQX
BBMIX	BBH Select Series - Mid Cap Fund	11.62%	—	May 2021	AFOIX vs BBMIX
BQMGX	Bright Rock Mid Cap Growth Fund	12.19%	—	May 2010	AFOIX vs BQMGX
VSNGX	JPMorgan Mid Cap Equity Fund	12.38%	—	Dec 1996	AFOIX vs VSNGX
SGFFX	Sparrow Growth Fund	12.94%	—	Oct 1998	AFOIX vs SGFFX

Lowest Drawdown Alternatives to AFOIX

AFOIX has a 1-year max drawdown of -16.46%. There are 125 mutual funds in the Mid Cap Growth Equities category with shallower 1-year drawdowns, going as shallow as -7.81%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
MGOYX	Victory Munder Mid-Cap Core Growth Fund	-7.81%	—	Jun 1998	AFOIX vs MGOYX
VLEQX	Villere Equity Fund	-8.09%	—	May 2013	AFOIX vs VLEQX
VSNGX	JPMorgan Mid Cap Equity Fund	-8.24%	—	Dec 1996	AFOIX vs VSNGX
BBMIX	BBH Select Series - Mid Cap Fund	-8.89%	—	May 2021	AFOIX vs BBMIX
SECUX	Guggenheim StylePlus - Mid Growth Fund	-9.17%	—	Sep 1969	AFOIX vs SECUX

Other Mutual Funds from Alger

The 10 most viewed Alger mutual funds shown here include ALGRX, ALAFX, ACAAX and span 3 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ALGRX	Alger Focus Equity Fund	Large Cap Growth Equities	57	17.14%	—	Nov 1993	AFOIX vs ALGRX
ALAFX	Alger Focus Equity A Fund	Large Cap Growth Equities	57	17.12%	—	Nov 1993	AFOIX vs ALAFX
ACAAX	Alger Capital Appreciation Fund	Large Cap Growth Equities	41	15.50%	—	Dec 1996	AFOIX vs ACAAX
ALBAX	Alger Growth & Income Fund	Large Cap Blend Equities	89	13.85%	—	Dec 1996	AFOIX vs ALBAX
AAGOX	Alger Large Cap Growth Portfolio Fund	Large Cap Growth Equities	48	22.75%	—	Jan 1989	AFOIX vs AAGOX
ALVOX	Alger Capital Appreciation Portfolio	Large Cap Growth Equities	43	14.92%	—	Jan 1995	AFOIX vs ALVOX
ALARX	Alger Capital Appreciation Institutional Fund	Large Cap Growth Equities	46	16.87%	—	Nov 1993	AFOIX vs ALARX
SPECX	Alger Spectra Fund	Large Cap Growth Equities	32	13.50%	—	Jul 1969	AFOIX vs SPECX
ACAZX	Alger Capital Appreciation Fund Class Z	Large Cap Growth Equities	42	15.70%	—	Dec 2010	AFOIX vs ACAZX
ALMAX	Alger Weatherbie Specialized Growth Fund	Small Cap Growth Equities	8	4.73%	—	May 2002	AFOIX vs ALMAX

Often Compared With AFOIX

Investors most often compare AFOIX with LSHAX, WWNPX, RIPIX. These 4 comparison targets span 2 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
LSHAX	Kinetics Spin-Off and Corporate Restructuring Fund	Mid Cap Growth Equities	3	26.72%	—	May 2007	AFOIX vs LSHAX
WWNPX	Kinetics Paradigm Fund	Mid Cap Growth Equities	2	18.51%	—	Dec 1999	AFOIX vs WWNPX
RIPIX	Royce International Premier Fund Institutional Cla...	Mid Cap Growth Equities, Foreign Small & Mid Cap Equities	4	4.31%	—	—	AFOIX vs RIPIX
OEGYX	Invesco Discovery Mid Cap Growth Fund	Mid Cap Growth Equities	48	26.11%	—	Nov 2000	AFOIX vs OEGYX

Compare AFOIX with Any Fund or Stock

Compare AFOIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair AFOIX with funds that move differently

Alger Mid Cap Focus Fund new alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AFOIX.

Explore AFOIX Diversifiers

Alger Mid Cap Focus Fund new (AFOIX) Alternatives