- ISIN
- US0155657325
- CUSIP
- 015565732
- Issuer
- Alger
- Inception Date
- May 8, 2002
- Category
- Small Cap Growth Equities
- Min. Investment
- $1,000
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
ALMAX Performance Chart
Alger Weatherbie Specialized Growth Fund (ALMAX) is up 9.5% since the beginning of the year. ALMAX is currently trading at $15 per share. Investors who bought $1,000 worth of ALMAX shares 5 years ago would now be looking at an investment worth $854.
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Returns By Period
Alger Weatherbie Specialized Growth Fund (ALMAX) has returned 9.47% so far this year and 18.66% over the past 12 months. Over the last ten years, ALMAX has returned 9.27% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Alger Weatherbie Specialized Growth Fund
- 1D
- 2.35%
- 1M
- 6.49%
- YTD
- 9.47%
- 6M
- 5.68%
- 1Y
- 18.66%
- 3Y*
- 8.86%
- 5Y*
- -3.10%
- 10Y*
- 9.27%
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%
ALMAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2003, ALMAX's average daily return is +0.04%, while the average monthly return is +0.84%. At this rate, an investment would double in approximately 6.9 years.
Historically, 59% of months were positive and 41% were negative. The best month was Apr 2020 with a return of +19.6%, while the worst month was Oct 2008 at -21.6%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.
On a daily basis, ALMAX closed higher 53% of trading days. The best single day was Dec 15, 2021 with a return of +25.3%, while the worst single day was Dec 16, 2021 at -21.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.79% | -5.36% | -8.04% | 11.82% | 4.56% | 5.68% | 9.47% | ||||||
| 2025 | 4.11% | -11.57% | -7.75% | -0.93% | 8.83% | 3.54% | 1.90% | 5.37% | -3.05% | -0.66% | 4.93% | -2.31% | 0.50% |
| 2024 | -2.63% | 4.89% | 1.61% | -5.69% | 5.20% | 0.56% | 4.36% | 2.05% | -0.67% | -3.00% | 14.36% | -6.35% | 13.78% |
| 2023 | 10.86% | -2.72% | -4.40% | -0.88% | -0.54% | 7.54% | 2.42% | -3.67% | -7.53% | -7.41% | 7.81% | 11.73% | 11.22% |
| 2022 | -15.64% | -1.74% | 1.63% | -15.88% | -7.09% | -6.60% | 10.74% | -4.06% | -8.04% | 8.74% | 3.28% | -8.28% | -38.11% |
| 2021 | 2.48% | 2.33% | -3.64% | 5.80% | -2.01% | 3.82% | -0.09% | 5.22% | -2.17% | 6.35% | -11.10% | 0.05% | 5.83% |
Benchmark Metrics
Alger Weatherbie Specialized Growth Fund has an annualized alpha of -0.83%, beta of 1.08, and R2 of 0.67 versus S&P 500 Index. Calculated based on daily prices since January 02, 2003.
- This fund participated in 121.29% of S&P 500 Index downside but only 115.11% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.08 and R2 of 0.67, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -0.83%
- Beta
- 1.08
- R²
- 0.67
- Upside Capture
- 115.11%
- Downside Capture
- 121.29%
Expense Ratio
ALMAX has a high expense ratio of 1.20%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ALMAX ranks 10 for risk / return — in the bottom 10% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Alger Weatherbie Specialized Growth Fund (ALMAX) 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.
| ALMAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.37 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 2.78 | -1.94 |
| Martin ratioReturn relative to average drawdown | 2.59 | 12.44 | -9.85 |
Dividends
Dividend History
Alger Weatherbie Specialized Growth 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 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.34 | $0.97 | $0.56 | $1.03 | $0.00 | $1.23 | $5.96 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 24.48% | 4.64% | 4.00% | 9.86% | 0.00% | 12.44% | 55.85% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger Weatherbie Specialized Growth 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 | $4.34 | $4.34 |
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 Weatherbie Specialized Growth 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 Weatherbie Specialized Growth Fund was 60.51%, occurring on Nov 20, 2008. Recovery took 1083 trading sessions.
The current Alger Weatherbie Specialized Growth Fund drawdown is 28.92%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -60.51%Nov 2008 | 1y 14d | 4y 3mo | 5y 4moNov 2007 - Mar 2013 |
2023 bear market2023 | -53.89%Oct 2023 | 1y 10mo | — | 4y 6moDec 2021 - now |
COVID crash2020 | -40.97%Mar 2020 | 27d | 3mo 6d | 4mo 3dFeb 2020 - Jun 2020 |
2016 bear market2016 | -36.30%Feb 2016 | 2y 2mo | 1y 5mo | 3y 7moNov 2013 - Jul 2017 |
Rate-hike selloffLate 2018 | -31.46%Dec 2018 | 3mo 8d | 4mo 3d | 7mo 11dSep 2018 - Apr 2019 |
Drawdown Indicators
| ALMAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.51% | -56.78% | -3.73% |
Max Drawdown (1Y)Largest decline over 1 year | -20.91% | -9.10% | -11.81% |
Max Drawdown (3Y)Largest decline over 3 years | -29.61% | -18.90% | -10.71% |
Max Drawdown (5Y)Largest decline over 5 years | -53.89% | -25.43% | -28.46% |
Max Drawdown (10Y)Largest decline over 10 years | -53.89% | -33.92% | -19.97% |
Current DrawdownCurrent decline from peak | -28.92% | -1.80% | -27.12% |
Average DrawdownAverage peak-to-trough decline | -17.35% | -10.71% | -6.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.84% | 2.03% | +4.81% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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