Alger MidCap Growth Institutional Fund (ALMRX) belongs to the Mid 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 ALMRX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ALMRX
ALMRX charges 1.44% annually. There are 150 mutual funds in the Mid Cap Growth Equities category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Small/Mid Cap Equity Index Portfolio | 0.02% | — | Aug 2015 | ALMRX vs SSMHX | |
| Morgan Stanley Discovery Portfolio | 0.04% | — | Apr 2017 | ALMRX vs MMGPX | |
| Fidelity Mid Cap Growth Index Fund | 0.05% | — | Jul 2019 | ALMRX vs FMDGX | |
| Vanguard Mid-Cap Growth Index Fund Admiral Shares | 0.07% | 33.80B | Sep 2011 | ALMRX vs VMGMX | |
| Vanguard S&P Mid-Cap 400 Growth Index Fund Institu... | 0.08% | — | Mar 2011 | ALMRX vs VMFGX |
Best Risk-Adjusted Alternatives to ALMRX
ALMRX has a PortfoliosLab risk / return rank of 16. There are 58 mutual funds in the Mid Cap Growth Equities category with higher risk-adjusted ranks, going as high as 86.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Capital Opportunity Fund Investor Shares | 86 | 31.20B | Aug 1995 | ALMRX vs VHCOX | |
| Needham Growth Fund | 78 | — | Jan 1996 | ALMRX vs NEEGX | |
| Timothy Plan Aggressive Growth Fund | 78 | — | Oct 2000 | ALMRX vs TAAGX | |
| PrimeCap Odyssey Aggressive Growth Fund | 77 | — | Nov 2004 | ALMRX vs POAGX | |
| Needham Growth Fund Institutional Class | 76 | — | Dec 2016 | ALMRX vs NEEIX |
Top Performing ALMRX Alternatives (YTD)
ALMRX is at 6.90% YTD. There are 85 mutual funds in the Mid Cap Growth Equities category with higher YTD returns, going as high as 44.89%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Needham Growth Fund Institutional Class | 44.89% | — | Dec 2016 | ALMRX vs NEEIX | |
| Needham Growth Fund | 44.58% | — | Jan 1996 | ALMRX vs NEEGX | |
| Kinetics Spin-Off and Corporate Restructuring Fund | 37.54% | — | May 2007 | ALMRX vs LSHAX | |
| Timothy Plan Aggressive Growth Fund | 28.73% | — | Oct 2000 | ALMRX vs TAAGX | |
| Kinetics Paradigm Fund | 25.77% | — | Dec 1999 | ALMRX vs WWNPX |
Lowest Volatility Alternatives to ALMRX
ALMRX has 20.01% 1-year volatility. There are 108 mutual funds in the Mid Cap Growth Equities category with lower 1-year volatility, going as low as 10.68%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BBH Select Series - Mid Cap Fund | 10.68% | — | May 2021 | ALMRX vs BBMIX | |
| Bright Rock Mid Cap Growth Fund | 12.31% | — | May 2010 | ALMRX vs BQMGX | |
| JPMorgan Mid Cap Equity Fund | 12.69% | — | Dec 1996 | ALMRX vs VSNGX | |
| Value Line Mid Cap Focused Fund | 13.49% | — | Mar 1950 | ALMRX vs VLIFX | |
| Sparrow Growth Fund | 13.52% | — | Oct 1998 | ALMRX vs SGFFX |
Lowest Drawdown Alternatives to ALMRX
ALMRX has a 1-year max drawdown of -16.06%. There are 115 mutual funds in the Mid Cap Growth Equities category with shallower 1-year drawdowns, going as shallow as -7.81%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Munder Mid-Cap Core Growth Fund | -7.81% | — | Jun 1998 | ALMRX vs MGOYX | |
| JPMorgan Mid Cap Equity Fund | -8.24% | — | Dec 1996 | ALMRX vs VSNGX | |
| BBH Select Series - Mid Cap Fund | -8.89% | — | May 2021 | ALMRX vs BBMIX | |
| Guggenheim StylePlus - Mid Growth Fund | -9.17% | — | Sep 1969 | ALMRX vs SECUX | |
| Timothy Plan Aggressive Growth Fund | -9.37% | — | Oct 2000 | ALMRX vs TAAGX |
Other Mutual Funds from Alger
The 10 most viewed Alger mutual funds shown here include ALGRX, ALAFX, ACAAX and span 3 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Alger Focus Equity Fund Class I | Large Cap Growth Equities | 43 | 14.00% | — | Nov 1993 | ALMRX vs ALGRX | |
| Alger Focus Equity A Fund | Large Cap Growth Equities | 43 | 13.98% | — | Nov 1993 | ALMRX vs ALAFX | |
| Alger Capital Appreciation Fund | Large Cap Growth Equities | 29 | 11.85% | — | Dec 1996 | ALMRX vs ACAAX | |
| Alger Growth & Income Fund | Large Cap Blend Equities | 86 | 14.00% | — | Dec 1996 | ALMRX vs ALBAX | |
| Alger Large Cap Growth Portfolio Fund | Large Cap Growth Equities | 36 | 17.77% | — | Jan 1989 | ALMRX vs AAGOX | |
| Alger Capital Appreciation Portfolio | Large Cap Growth Equities | 31 | 11.85% | — | Jan 1995 | ALMRX vs ALVOX | |
| Alger Capital Appreciation Institutional Fund | Large Cap Growth Equities | 32 | 13.20% | — | Nov 1993 | ALMRX vs ALARX | |
| Alger Spectra Fund | Large Cap Growth Equities | 20 | 8.99% | — | Jul 1969 | ALMRX vs SPECX | |
| Alger Capital Appreciation Fund Class Z | Large Cap Growth Equities | 29 | 12.07% | — | Dec 2010 | ALMRX vs ACAZX | |
| Alger Weatherbie Specialized Growth Fund | Small Cap Growth Equities | 10 | 6.17% | — | May 2002 | ALMRX vs ALMAX |
Often Compared With ALMRX
Investors most often compare ALMRX with INDL, FXAIX, FSMAX. These 18 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare ALMRX with Any Fund or Stock
Compare ALMRX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ALMRX with funds that move differently
Alger MidCap Growth Institutional Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ALMRX.
Explore ALMRX Diversifiers