- ISIN
- US0155657655
- CUSIP
- 015565765
- Issuer
- Alger
- Inception Date
- Apr 30, 2002
- Category
- Health & Biotech Equities
- Min. Investment
- $1,000
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
AHSAX Performance Chart
Alger Health Sciences Fund (AHSAX) is up 4.0% since the beginning of the year. AHSAX is currently trading at $24 per share. Investors who bought $1,000 worth of AHSAX shares 5 years ago would now be looking at an investment worth $915.
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Returns By Period
Alger Health Sciences Fund (AHSAX) has returned 3.95% so far this year and 28.11% over the past 12 months. Over the last ten years, AHSAX has returned 9.16% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Alger Health Sciences Fund
- 1D
- 1.15%
- 1M
- 3.58%
- YTD
- 3.95%
- 6M
- 2.16%
- 1Y
- 28.11%
- 3Y*
- 4.35%
- 5Y*
- -1.77%
- 10Y*
- 9.16%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
AHSAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2003, AHSAX's average daily return is +0.04%, while the average monthly return is +0.69%. At this rate, an investment would double in approximately 8.4 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2020 with a return of +12.0%, while the worst month was Dec 2014 at -19.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, AHSAX closed higher 53% of trading days. The best single day was Dec 15, 2021 with a return of +28.8%, while the worst single day was Dec 16, 2021 at -22.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.00% | 3.25% | -6.75% | 3.28% | 2.47% | 2.02% | 3.95% | ||||||
| 2025 | 2.90% | -6.67% | -5.63% | -1.39% | -1.03% | 3.00% | -3.92% | 6.29% | 4.00% | 5.54% | 9.70% | -1.68% | 10.14% |
| 2024 | 1.71% | 5.57% | 1.78% | -5.68% | 3.41% | 0.05% | -0.41% | 2.16% | -2.16% | -0.37% | 2.50% | -6.67% | 1.17% |
| 2023 | -1.64% | -3.85% | 0.15% | 3.16% | -3.83% | 4.88% | -1.09% | -4.70% | -3.98% | -4.41% | 4.45% | 7.51% | -4.26% |
| 2022 | -14.98% | 1.19% | 4.83% | -11.71% | -2.58% | -1.40% | 4.52% | -0.97% | -4.86% | 7.47% | 1.15% | 1.33% | -17.04% |
| 2021 | 2.58% | -2.61% | -2.96% | 7.00% | -4.38% | 7.31% | 2.87% | 4.61% | -2.80% | 2.52% | -10.86% | 1.49% | 3.26% |
Benchmark Metrics
Alger Health Sciences Fund has an annualized alpha of 0.60%, beta of 0.76, and R2 of 0.46 versus S&P 500 Index. Calculated based on daily prices since January 02, 2003.
- This fund participated in 94.76% of S&P 500 Index downside but only 83.47% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.46 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 0.60%
- Beta
- 0.76
- R²
- 0.46
- Upside Capture
- 83.47%
- Downside Capture
- 94.76%
Expense Ratio
AHSAX has a high expense ratio of 1.05%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
AHSAX ranks 48 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Alger Health Sciences Fund (AHSAX) and compare them to S&P 500 Index.
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.
| AHSAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | 2.78 | +0.18 |
| Martin ratioReturn relative to average drawdown | 9.10 | 12.44 | -3.34 |
Dividends
Dividend History
Alger Health Sciences Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.00 | $3.75 | $1.91 | $1.88 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 27.18% | 11.68% | 6.98% | 7.82% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger Health Sciences Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.00 | $7.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Alger Health Sciences Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Alger Health Sciences Fund was 46.23%, occurring on Feb 8, 2016. Recovery took 582 trading sessions.
The current Alger Health Sciences Fund drawdown is 24.40%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2016 bear market2016 | -46.23%Feb 2016 | 1y 2mo | 2y 3mo | 3y 5moDec 2014 - May 2018 |
2025 selloff2025 | -45.04%Apr 2025 | 3y 3mo | — | 4y 6moDec 2021 - now |
Financial crisis2007–2009 | -42.80%Nov 2008 | 11mo 15d | 2y 4mo | 3y 4moDec 2007 - Apr 2011 |
COVID crash2020 | -26.35%Mar 2020 | 1mo 2d | 1mo 19d | 2mo 21dFeb 2020 - May 2020 |
Rate-hike selloffLate 2018 | -24.72%Dec 2018 | 2mo 24d | 1y | 1y 2moOct 2018 - Dec 2019 |
Drawdown Indicators
| AHSAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.23% | -56.78% | +10.55% |
Max Drawdown (1Y)Largest decline over 1 year | -9.67% | -9.10% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -23.11% | -18.90% | -4.21% |
Max Drawdown (5Y)Largest decline over 5 years | -45.04% | -25.43% | -19.61% |
Max Drawdown (10Y)Largest decline over 10 years | -45.04% | -33.92% | -11.12% |
Current DrawdownCurrent decline from peak | -24.40% | -1.80% | -22.60% |
Average DrawdownAverage peak-to-trough decline | -14.73% | -10.71% | -4.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.03% | +1.12% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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