- ISIN
- US0155667712
- Issuer
- Alger
- Inception Date
- Dec 28, 2010
- Category
- Emerging Markets Diversified
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
AIEMX Performance Chart
Alger Emerging Markets Fund (AIEMX) is up 26.3% since the beginning of the year. AIEMX is currently trading at $17 per share. Investors who bought $1,000 worth of AIEMX shares 5 years ago would now be looking at an investment worth $1,207.
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Returns By Period
Alger Emerging Markets Fund (AIEMX) has returned 26.29% so far this year and 47.20% over the past 12 months. Over the last ten years, AIEMX has returned 8.99% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Alger Emerging Markets Fund
- 1D
- 1.40%
- 1M
- 8.25%
- YTD
- 26.29%
- 6M
- 28.09%
- 1Y
- 47.20%
- 3Y*
- 22.23%
- 5Y*
- 3.83%
- 10Y*
- 8.99%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
AIEMX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2011, AIEMX's average daily return is +0.02%, while the average monthly return is +0.48%. At this rate, an investment would double in approximately 12.1 years.
Historically, 55% of months were positive and 45% were negative. The best month was Apr 2026 with a return of +13.5%, while the worst month was Sep 2011 at -17.8%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 7 months.
On a daily basis, AIEMX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +8.6%, while the worst single day was Mar 16, 2020 at -12.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.64% | 3.21% | -10.68% | 13.46% | 7.60% | 3.28% | 26.29% | ||||||
| 2025 | 1.71% | -0.65% | -0.38% | 1.41% | 4.46% | 6.32% | -1.09% | 2.37% | 5.70% | 2.19% | -0.84% | 1.90% | 25.30% |
| 2024 | -1.20% | 4.85% | 0.96% | -0.67% | 0.96% | 3.71% | 0.09% | 0.92% | 3.45% | -3.60% | -2.37% | -1.30% | 5.60% |
| 2023 | 7.71% | -7.89% | 3.54% | -2.98% | -0.00% | 7.85% | 9.07% | -4.55% | -5.67% | -4.73% | 8.91% | 3.62% | 13.49% |
| 2022 | -7.80% | -7.05% | -3.30% | -7.39% | -0.40% | -4.60% | -0.73% | 0.85% | -11.74% | -1.07% | 10.92% | -4.55% | -32.52% |
| 2021 | 4.02% | 2.46% | -5.21% | 1.30% | 1.43% | 5.49% | -3.94% | 1.60% | -5.19% | 0.94% | -2.79% | 0.13% | -0.45% |
Benchmark Metrics
Alger Emerging Markets Fund has an annualized alpha of -4.76%, beta of 0.83, and R2 of 0.58 versus S&P 500 Index. Calculated based on daily prices since January 04, 2011.
- This fund participated in 103.96% of S&P 500 Index downside but only 69.99% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -4.76% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -4.76%
- Beta
- 0.83
- R²
- 0.58
- Upside Capture
- 69.99%
- Downside Capture
- 103.96%
Expense Ratio
AIEMX has a high expense ratio of 1.45%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
AIEMX ranks 66 for risk / return — better than 66% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Alger Emerging Markets Fund (AIEMX) and compare them to S&P 500 Index.
| AIEMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.41 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 2.93 | +0.18 |
| Martin ratioReturn relative to average drawdown | 12.60 | 13.52 | -0.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Alger Emerging Markets Fund provided a 0.04% dividend yield over the last twelve months, with an annual payout of $0.01 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.01 | $0.01 | $0.03 | $0.00 | $0.00 | $0.55 | $0.00 | $0.51 | $0.20 | $0.40 |
Dividend yield | 0.04% | 0.05% | 0.31% | 0.00% | 0.00% | 4.19% | 0.00% | 5.08% | 2.35% | 3.58% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger Emerging Markets 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 | $0.01 | $0.01 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
| 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 | $0.55 | $0.55 |
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 Emerging Markets 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 Emerging Markets Fund was 46.21%, occurring on Oct 24, 2022. Recovery took 836 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -46.21%Oct 2022 | 1y 8mo | 3y 4mo | 5y 8dFeb 2021 - Feb 2026 |
COVID crash2020 | -35.80%Mar 2020 | 2y 1mo | 4mo 14d | 2y 6moJan 2018 - Aug 2020 |
2011 bear market2011 | -30.66%Oct 2011 | 5mo 9d | 5y 9mo | 6y 2moApr 2011 - Jul 2017 |
2026 correction2026 | -15.17%Mar 2026 | 1mo 2d | 1mo 5d | 2mo 7dFeb 2026 - May 2026 |
2011 correction2011 | -10.01%Mar 2011 | 2mo 10d | 1mo 6d | 3mo 16dJan 2011 - Apr 2011 |
Drawdown Indicators
| AIEMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.21% | -56.78% | +10.57% |
Max Drawdown (1Y)Largest decline over 1 year | -15.17% | -9.10% | -6.07% |
Max Drawdown (3Y)Largest decline over 3 years | -17.86% | -18.90% | +1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -43.75% | -25.43% | -18.32% |
Max Drawdown (10Y)Largest decline over 10 years | -46.21% | -33.92% | -12.29% |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -17.25% | -10.72% | -6.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 1.97% | +1.77% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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