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Alger MidCap Growth Institutional Fund (ALMRX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US0155702030

CUSIP

015570203

Issuer

Alger

Inception Date

Nov 8, 1993

Min. Investment

$0

Asset Class

Equity

Asset Class Size

Mid-Cap

Asset Class Style

Growth

Expense Ratio

ALMRX has a high expense ratio of 1.44%, indicating higher-than-average management fees.


Expense ratio chart for ALMRX: current value at 1.44% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.44%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
ALMRX vs. FXAIX
Popular comparisons:
ALMRX vs. FXAIX

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Alger MidCap Growth Institutional Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%15.00%20.00%AugustSeptemberOctoberNovemberDecember2025
12.49%
6.47%
ALMRX (Alger MidCap Growth Institutional Fund)
Benchmark (^GSPC)

Returns By Period

Alger MidCap Growth Institutional Fund had a return of 2.02% year-to-date (YTD) and 23.97% in the last 12 months. Over the past 10 years, Alger MidCap Growth Institutional Fund had an annualized return of 1.19%, while the S&P 500 had an annualized return of 11.44%, indicating that Alger MidCap Growth Institutional Fund did not perform as well as the benchmark.


ALMRX

YTD

2.02%

1M

-4.18%

6M

12.49%

1Y

23.97%

5Y*

-4.79%

10Y*

1.19%

^GSPC (Benchmark)

YTD

1.16%

1M

-2.04%

6M

6.47%

1Y

24.84%

5Y*

12.36%

10Y*

11.44%

*Annualized

Monthly Returns

The table below presents the monthly returns of ALMRX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20241.09%8.51%1.98%-5.39%1.40%0.51%0.82%1.18%3.64%0.74%11.88%-6.62%20.02%
20237.58%-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%
20213.02%3.44%-3.80%4.24%-3.81%5.94%-0.40%4.91%-3.11%5.33%-7.19%-45.95%-41.75%
20203.17%-4.85%-13.80%15.65%11.56%4.03%9.81%6.69%3.13%-1.58%14.45%-5.59%45.95%
201912.51%5.84%0.97%3.38%-3.98%7.11%3.30%-1.81%-5.10%0.52%4.03%-7.18%19.45%
20185.15%-3.53%0.10%-0.47%6.11%1.24%0.31%8.64%0.14%-13.06%-1.22%-15.92%-14.46%
20175.96%3.33%1.01%1.52%3.19%0.15%1.90%1.72%1.73%3.43%2.27%0.10%29.55%
2016-10.08%-0.50%6.66%-0.66%2.13%-0.60%4.33%-0.18%1.12%-4.55%2.92%1.89%1.43%
2015-2.08%7.76%1.88%-2.18%3.45%-0.49%0.37%-7.65%-5.90%5.47%0.75%-1.72%-1.37%
2014-1.79%6.64%-2.63%-2.27%2.86%4.43%-2.26%5.13%-3.30%0.77%1.49%0.53%9.38%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of ALMRX is 72, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of ALMRX is 7272
Overall Rank
The Sharpe Ratio Rank of ALMRX is 8181
Sharpe Ratio Rank
The Sortino Ratio Rank of ALMRX is 8080
Sortino Ratio Rank
The Omega Ratio Rank of ALMRX is 7777
Omega Ratio Rank
The Calmar Ratio Rank of ALMRX is 4545
Calmar Ratio Rank
The Martin Ratio Rank of ALMRX is 7979
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Alger MidCap Growth Institutional Fund (ALMRX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for ALMRX, currently valued at 1.38, compared to the broader market-1.000.001.002.003.004.001.381.90
The chart of Sortino ratio for ALMRX, currently valued at 1.91, compared to the broader market0.002.004.006.008.0010.001.912.54
The chart of Omega ratio for ALMRX, currently valued at 1.24, compared to the broader market1.002.003.004.001.241.35
The chart of Calmar ratio for ALMRX, currently valued at 0.38, compared to the broader market0.005.0010.0015.0020.000.382.87
The chart of Martin ratio for ALMRX, currently valued at 6.56, compared to the broader market0.0020.0040.0060.0080.006.5611.84
ALMRX
^GSPC

The current Alger MidCap Growth Institutional Fund Sharpe ratio is 1.38. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Alger MidCap Growth Institutional Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00AugustSeptemberOctoberNovemberDecember2025
1.38
1.90
ALMRX (Alger MidCap Growth Institutional Fund)
Benchmark (^GSPC)

Dividends

Dividend History


Alger MidCap Growth Institutional Fund doesn't pay dividends

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.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%AugustSeptemberOctoberNovemberDecember2025
-52.81%
-2.30%
ALMRX (Alger MidCap Growth Institutional Fund)
Benchmark (^GSPC)

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 20, 2008. Recovery took 1565 trading sessions.

The current Alger MidCap Growth Institutional Fund drawdown is 52.81%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-73.8%Nov 1, 2007266Nov 20, 20081565Feb 12, 20151831
-69.84%Nov 10, 2021234Oct 14, 2022
-58.01%Jun 20, 1997340Oct 8, 1998346Feb 7, 2000686
-49.63%Sep 5, 2000521Oct 7, 20021143Apr 26, 20071664
-37.13%Sep 5, 2018386Mar 18, 202075Jul 6, 2020461

Volatility

Volatility Chart

The current Alger MidCap Growth Institutional Fund volatility is 6.92%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%AugustSeptemberOctoberNovemberDecember2025
6.92%
4.97%
ALMRX (Alger MidCap Growth Institutional Fund)
Benchmark (^GSPC)
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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