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Alger Small Cap Growth Fund (ALSCX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 2026

The investment seeks long-term capital appreciation. The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies that, at the time of purchase of the securities, have total market capitalization between (1) the higher of (a) $5 billion or (b) the company in either the Russell 2000 Growth Index or the MSCI USA Small Cap Index with the highest capitalization, and (2) the company in either index with the lowest capitalization, at any time during the most recent 12-month period as reported by either index.

Looking to diversify beyond ALSCX? The mutual funds below have the lowest correlation with ALSCX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from ALSCX.

Best Diversifiers for ALSCX

0 mutual funds have low correlation with ALSCX (below 0.3), 0 of which are negatively correlated. The least correlated is Alger Growth & Income Fund (ALBAX) (Large Cap Blend Equities) with a 1Y correlation of 0.72, roughly unchanged from 0.76 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ALBAX
Alger Growth & Income Fund0.720.730.76
85
Large Cap Blend EquitiesALSCX vs ALBAX
OBMCX
Oberweis Micro Cap Fund0.770.850.85
87
Small Cap Growth EquitiesALSCX vs OBMCX
NEAIX
Needham Aggressive Growth Fund Institutional Class0.790.800.82
87
Small Cap Growth EquitiesALSCX vs NEAIX
NEAGX
Needham Aggressive Growth Fund0.790.800.82
87
Small Cap Growth EquitiesALSCX vs NEAGX
NESGX
Needham Small Cap Growth Fund0.790.820.85
90
Small Cap Growth EquitiesALSCX vs NESGX
See all 15 diversifiers for ALSCX

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