- ISIN
- US0155702030
- CUSIP
- 015570203
- Issuer
- Alger
- Inception Date
- Nov 8, 1993
- Category
- Mid Cap Growth Equities
- Min. Investment
- $0
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
ALMRX Performance Chart
Alger MidCap Growth Institutional Fund (ALMRX) is up 9.0% since the beginning of the year. ALMRX is currently trading at $31 per share. Investors who bought $1,000 worth of ALMRX shares 5 years ago would now be looking at an investment worth $1,235.
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Returns By Period
Alger MidCap Growth Institutional Fund (ALMRX) has returned 9.01% so far this year and 21.50% over the past 12 months. Over the last ten years, ALMRX has returned 13.15% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Alger MidCap Growth Institutional Fund
- 1D
- 2.01%
- 1M
- 7.65%
- YTD
- 9.01%
- 6M
- 7.01%
- 1Y
- 21.50%
- 3Y*
- 17.60%
- 5Y*
- 4.32%
- 10Y*
- 13.15%
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%
ALMRX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 1994, ALMRX's average daily return is +0.09%, while the average monthly return is +1.43%. At this rate, an investment would double in approximately 4.1 years.
Historically, 62% of months were positive and 38% were negative. The best month was Jun 1997 with a return of +199.7%, while the worst month was Jul 1998 at -29.4%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.
On a daily basis, ALMRX closed higher 46% of trading days. The best single day was Jun 24, 1997 with a return of +363.3%, while the worst single day was Dec 16, 2021 at -44.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.06% | 1.21% | -8.12% | 8.26% | 5.55% | 3.68% | 9.01% | ||||||
| 2025 | 5.93% | -6.38% | -9.01% | 3.51% | 9.30% | 6.86% | 3.70% | 2.07% | 3.78% | -0.07% | -1.69% | -0.63% | 17.01% |
| 2024 | 1.09% | 8.51% | 1.98% | -5.39% | 1.40% | 0.51% | 0.82% | 1.18% | 3.64% | 0.74% | 11.88% | -6.62% | 20.02% |
| 2023 | 7.58% | -1.24% | 2.85% | 0.11% | 0.44% | 8.06% | 1.89% | -3.06% | -5.27% | -6.60% | 10.70% | 6.81% | 22.68% |
| 2022 | -15.27% | 1.11% | -0.60% | -14.79% | -2.60% | -8.66% | 12.52% | -2.49% | -9.42% | 4.83% | 2.57% | -6.20% | -35.28% |
| 2021 | 3.02% | 3.44% | -3.80% | 4.24% | -3.81% | 5.94% | -0.40% | 4.91% | -3.11% | 5.33% | -7.19% | -1.49% | 6.17% |
Benchmark Metrics
Alger MidCap Growth Institutional Fund has an annualized alpha of 17.82%, beta of 0.62, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since January 03, 1994.
- This fund captured 130.68% of S&P 500 Index gains and 113.88% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- Beta of 0.62 may look defensive, but with R2 of 0.03 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.03 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 17.82%
- Beta
- 0.62
- R²
- 0.03
- Upside Capture
- 130.68%
- Downside Capture
- 113.88%
Expense Ratio
ALMRX has a high expense ratio of 1.44%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ALMRX ranks 16 for risk / return — in the bottom 16% 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 MidCap Growth Institutional Fund (ALMRX) 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.
| ALMRX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 2.78 | -1.47 |
| Martin ratioReturn relative to average drawdown | 4.20 | 12.44 | -8.24 |
Dividends
Dividend History
Alger MidCap Growth Institutional 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 | $19.85 | $5.33 | $2.57 | $1.98 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 77.91% | 12.19% | 8.56% | 7.91% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger MidCap Growth Institutional 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 | $19.85 | $19.85 |
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 MidCap Growth Institutional 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 MidCap Growth Institutional Fund was 73.80%, occurring on Nov 21, 2008. Recovery took 1596 trading sessions.
The current Alger MidCap Growth Institutional Fund drawdown is 29.60%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -73.80%Nov 2008 | 1y 20d | 6y 2mo | 7y 3moNov 2007 - Feb 2015 |
Bear market2022 | -64.01%Oct 2022 | 10mo 2d | — | 4y 6moDec 2021 - now |
1998 bear market1998 | -57.34%Oct 1998 | 1y 3mo | 1y 4mo | 2y 8moJun 1997 - Feb 2000 |
Dot-com crash2000–2002 | -43.02%Oct 2002 | 1y 8mo | 2y 2mo | 3y 10moJan 2001 - Dec 2004 |
COVID crash2020 | -33.97%Mar 2020 | 27d | 2mo 17d | 3mo 14dFeb 2020 - Jun 2020 |
Drawdown Indicators
| ALMRX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.80% | -56.78% | -17.02% |
Max Drawdown (1Y)Largest decline over 1 year | -16.06% | -9.10% | -6.96% |
Max Drawdown (3Y)Largest decline over 3 years | -26.71% | -18.90% | -7.81% |
Max Drawdown (5Y)Largest decline over 5 years | -64.01% | -25.43% | -38.58% |
Max Drawdown (10Y)Largest decline over 10 years | -64.01% | -33.92% | -30.09% |
Current DrawdownCurrent decline from peak | -29.60% | -1.80% | -27.80% |
Average DrawdownAverage peak-to-trough decline | -22.22% | -10.71% | -11.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.00% | 2.03% | +2.97% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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