Alger Weatherbie Specialized Growth Fund (ALMAX) belongs to the Small 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 ALMAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ALMAX
ALMAX charges 1.20% annually. There are 109 mutual funds in the Small Cap Growth Equities category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Small Cap Growth Index Fund | 0.05% | — | Jul 2019 | ALMAX vs FECGX | |
| Vanguard Small-Cap Growth Index Fund Institutional... | 0.06% | 47.00B | May 2000 | ALMAX vs VSGIX | |
| Vanguard Small-Cap Growth Index Fund Admiral Share... | 0.07% | 47.00B | Sep 2011 | ALMAX vs VSGAX | |
| Vanguard Russell 2000 Growth Index Fund Institutio... | 0.08% | — | May 2011 | ALMAX vs VRTGX | |
| Vanguard Small Cap Growth Index Fund | 0.19% | — | May 1998 | ALMAX vs VISGX |
Best Risk-Adjusted Alternatives to ALMAX
ALMAX has a PortfoliosLab risk / return rank of 7. There are 146 mutual funds in the Small Cap Growth Equities category with higher risk-adjusted ranks, going as high as 91.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Dana Epiphany ESG Small Cap Equity Fund | 91 | — | Nov 2015 | ALMAX vs DSCIX | |
| Needham Small Cap Growth Fund Institutional | 83 | — | Dec 2016 | ALMAX vs NESIX | |
| Needham Small Cap Growth Fund | 82 | — | May 2002 | ALMAX vs NESGX | |
| North Square Spectrum Alpha Fund | 79 | — | Jan 1994 | ALMAX vs ORIGX | |
| Driehaus Micro Cap Growth Fund | 77 | — | Nov 2013 | ALMAX vs DMCRX |
Top Performing ALMAX Alternatives (YTD)
ALMAX is at 1.72% YTD. There are 156 mutual funds in the Small Cap Growth Equities category with higher YTD returns, going as high as 56.00%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Needham Small Cap Growth Fund Institutional | 56.00% | — | Dec 2016 | ALMAX vs NESIX | |
| Needham Small Cap Growth Fund | 55.46% | — | May 2002 | ALMAX vs NESGX | |
| Oberweis Micro Cap Fund | 35.75% | — | Dec 1995 | ALMAX vs OBMCX | |
| Needham Aggressive Growth Fund Institutional Class | 33.50% | — | Dec 2016 | ALMAX vs NEAIX | |
| Needham Aggressive Growth Fund Retail Class | 33.20% | — | Sep 2001 | ALMAX vs NEAGX |
Lowest Volatility Alternatives to ALMAX
ALMAX has 23.41% 1-year volatility. There are 118 mutual funds in the Small Cap Growth Equities category with lower 1-year volatility, going as low as 14.57%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Empiric Fund | 14.57% | — | Nov 1995 | ALMAX vs EMCAX | |
| Calvert Small/Mid-Cap Fund Class I | 15.38% | — | Jul 2011 | ALMAX vs CMCIX | |
| Neuberger Berman Genesis Fund | 16.31% | — | Sep 1988 | ALMAX vs NBGNX | |
| Neuberger Berman Genesis Fund Institutional Class | 16.31% | — | Jul 1999 | ALMAX vs NBGIX | |
| Eaton Vance Small-Cap Fund | 16.33% | — | Jan 1997 | ALMAX vs ETEGX |
Lowest Drawdown Alternatives to ALMAX
ALMAX has a 1-year max drawdown of -20.91%. There are 150 mutual funds in the Small Cap Growth Equities category with shallower 1-year drawdowns, going as shallow as -7.08%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dana Epiphany ESG Small Cap Equity Fund | -7.08% | — | Nov 2015 | ALMAX vs DSCIX | |
| Rydex S&P SmallCap 600 Pure Growth Fund | -8.49% | — | Feb 2004 | ALMAX vs RYWCX | |
| WesMark Small Company Fund | -8.50% | — | Dec 1993 | ALMAX vs WMKSX | |
| Empiric Fund | -8.60% | — | Nov 1995 | ALMAX vs EMCAX | |
| ProFunds Small Cap Growth Fund | -9.15% | — | Sep 2001 | ALMAX vs SGPIX |
Other Mutual Funds from Alger
The 10 most viewed Alger mutual funds shown here include ALGRX, ALAFX, ACAAX and span 4 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Alger Focus Equity Fund Class I | Large Cap Growth Equities | 27 | 10.08% | — | Nov 1993 | ALMAX vs ALGRX | |
| Alger Focus Equity A Fund | Large Cap Growth Equities | 27 | 10.07% | — | Nov 1993 | ALMAX vs ALAFX | |
| Alger Capital Appreciation Fund | Large Cap Growth Equities | 20 | 8.37% | — | Dec 1996 | ALMAX vs ACAAX | |
| Alger Capital Appreciation Portfolio | Large Cap Growth Equities | 22 | 8.54% | — | Jan 1995 | ALMAX vs ALVOX | |
| Alger Growth & Income Fund | Large Cap Blend Equities | 83 | 13.02% | — | Dec 1996 | ALMAX vs ALBAX | |
| Alger Large Cap Growth Portfolio Fund | Large Cap Growth Equities | 26 | 14.64% | — | Jan 1989 | ALMAX vs AAGOX | |
| Alger Capital Appreciation Institutional Fund | Large Cap Growth Equities | 22 | 9.61% | — | Nov 1993 | ALMAX vs ALARX | |
| Alger Capital Appreciation Fund Class Z | Large Cap Growth Equities | 20 | 8.61% | — | Dec 2010 | ALMAX vs ACAZX | |
| Alger Spectra Fund | Large Cap Growth Equities | 13 | 4.51% | — | Jul 1969 | ALMAX vs SPECX | |
| Alger AI Enablers & Adopters Z | Artificial Intelligence, Technology Equities | 38 | 18.89% | — | Apr 2024 | ALMAX vs AAIZX |
Often Compared With ALMAX
Investors most often compare ALMAX with ALTFX, FXAIX, ACAYX. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare ALMAX with Any Fund or Stock
Compare ALMAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ALMAX with funds that move differently
Alger Weatherbie Specialized Growth Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ALMAX.
Explore ALMAX Diversifiers