- ISIN
- US0155701040
- CUSIP
- 015570104
- Issuer
- Alger
- Inception Date
- Nov 8, 1993
- Category
- Small Cap Growth Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
ALSRX Performance Chart
Alger SmallCap Growth Institutional Fund (ALSRX) is up 12.5% since the beginning of the year. ALSRX is currently trading at $20 per share. Investors who bought $1,000 worth of ALSRX shares 5 years ago would now be looking at an investment worth $838.
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Returns By Period
Alger SmallCap Growth Institutional Fund (ALSRX) has returned 12.54% so far this year and 30.17% over the past 12 months. Over the last ten years, ALSRX has returned 9.63% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Alger SmallCap Growth Institutional Fund
- 1D
- 2.97%
- 1M
- 8.94%
- YTD
- 12.54%
- 6M
- 8.22%
- 1Y
- 30.17%
- 3Y*
- 10.74%
- 5Y*
- -3.48%
- 10Y*
- 9.63%
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%
ALSRX Monthly Returns History
Based on dividend-adjusted daily data since Nov 8, 1993, ALSRX's average daily return is +0.04%, while the average monthly return is +0.76%. At this rate, an investment would double in approximately 7.6 years.
Historically, 59% of months were positive and 41% were negative. The best month was Feb 2000 with a return of +24.0%, while the worst month was Dec 2015 at -35.6%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 8 months.
On a daily basis, ALSRX closed higher 53% of trading days. The best single day was Dec 15, 2021 with a return of +24.8%, while the worst single day was Dec 16, 2015 at -32.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.25% | -2.76% | -8.57% | 12.10% | 7.18% | 4.06% | 12.54% | ||||||
| 2025 | 3.08% | -11.96% | -10.57% | 0.00% | 8.67% | 7.98% | 0.92% | 2.60% | 2.24% | 4.21% | 2.27% | -2.43% | 4.83% |
| 2024 | -2.73% | 9.44% | 0.82% | -8.85% | 2.66% | -0.74% | 2.86% | 1.69% | 3.10% | -2.94% | 11.18% | -6.26% | 8.76% |
| 2023 | 8.98% | -2.62% | -0.13% | -1.34% | -1.16% | 5.66% | 3.92% | -3.58% | -6.45% | -6.96% | 9.21% | 10.42% | 14.83% |
| 2022 | -12.96% | -1.06% | -1.94% | -13.36% | -5.60% | -8.17% | 10.42% | -2.71% | -9.90% | 8.40% | 0.46% | -7.51% | -38.17% |
| 2021 | 4.45% | 2.91% | -5.49% | 4.58% | -5.24% | 7.14% | -0.94% | 1.07% | -4.44% | 3.66% | -9.34% | -1.48% | -4.44% |
Benchmark Metrics
Alger SmallCap Growth Institutional Fund has an annualized alpha of -1.41%, beta of 1.08, and R2 of 0.60 versus S&P 500 Index. Calculated based on daily prices since November 08, 1993.
- This fund participated in 125.88% of S&P 500 Index downside but only 117.64% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.08 and R2 of 0.60, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.41%
- Beta
- 1.08
- R²
- 0.60
- Upside Capture
- 117.64%
- Downside Capture
- 125.88%
Expense Ratio
ALSRX has a high expense ratio of 1.24%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ALSRX ranks 18 for risk / return — in the bottom 18% 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 SmallCap Growth Institutional Fund (ALSRX) 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.
| ALSRX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.37 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 2.78 | -1.40 |
| Martin ratioReturn relative to average drawdown | 4.56 | 12.44 | -7.88 |
Dividends
Dividend History
Alger SmallCap Growth Institutional Fund provided a 2.49% dividend yield over the last twelve months, with an annual payout of $0.49 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.49 | $0.49 | $0.34 | $0.00 | $0.00 | $5.36 | $1.55 | $3.80 | $1.98 |
Dividend yield | 2.49% | 2.80% | 1.99% | 0.00% | 0.00% | 23.64% | 5.23% | 20.07% | 11.31% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger SmallCap 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 | $0.49 | $0.49 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
| 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 | $5.36 | $5.36 |
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 SmallCap 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 SmallCap Growth Institutional Fund was 73.40%, occurring on Oct 9, 2002. Recovery took 2702 trading sessions.
The current Alger SmallCap Growth Institutional Fund drawdown is 26.07%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Dot-com crash2000–2002 | -73.40%Oct 2002 | 2y 7mo | 10y 9mo | 13y 3moMar 2000 - Jul 2013 |
2016 bear market2016 | -56.83%Feb 2016 | 2y 2mo | 4y 9d | 6y 2moNov 2013 - Feb 2020 |
2025 selloff2025 | -55.04%Apr 2025 | 4y 1mo | — | 5y 4moFeb 2021 - now |
1998 bear market1998 | -33.20%Oct 1998 | 2mo 19d | 2mo 24d | 5mo 13dJul 1998 - Dec 1998 |
COVID crash2020 | -31.57%Mar 2020 | 25d | 1mo 23d | 2mo 18dFeb 2020 - May 2020 |
Drawdown Indicators
| ALSRX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.40% | -56.78% | -16.62% |
Max Drawdown (1Y)Largest decline over 1 year | -21.23% | -9.10% | -12.13% |
Max Drawdown (3Y)Largest decline over 3 years | -33.53% | -18.90% | -14.63% |
Max Drawdown (5Y)Largest decline over 5 years | -53.46% | -25.43% | -28.03% |
Max Drawdown (10Y)Largest decline over 10 years | -55.04% | -33.92% | -21.12% |
Current DrawdownCurrent decline from peak | -26.07% | -1.80% | -24.27% |
Average DrawdownAverage peak-to-trough decline | -28.69% | -10.71% | -17.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.43% | 2.03% | +4.40% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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