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Alger SmallCap Growth Institutional Fund (ALSRX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISINUS0155701040
CUSIP015570104
IssuerAlger
Inception DateNov 8, 1993
CategorySmall Cap Growth Equities
Min. Investment$0
Asset ClassEquity

Asset Class Size

Small-Cap

Asset Class Style

Growth

Expense Ratio

ALSRX has a high expense ratio of 1.24%, indicating higher-than-average management fees.


Expense ratio chart for ALSRX: current value at 1.24% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.24%

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.


Alger SmallCap Growth Institutional Fund

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Alger SmallCap 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.


200.00%300.00%400.00%500.00%600.00%700.00%FebruaryMarchAprilMayJuneJuly
174.71%
684.75%
ALSRX (Alger SmallCap Growth Institutional Fund)
Benchmark (^GSPC)

S&P 500

Returns By Period

Alger SmallCap Growth Institutional Fund had a return of 0.56% year-to-date (YTD) and 2.53% in the last 12 months. Over the past 10 years, Alger SmallCap Growth Institutional Fund had an annualized return of 2.34%, while the S&P 500 had an annualized return of 10.77%, indicating that Alger SmallCap Growth Institutional Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date0.56%15.41%
1 month0.50%0.33%
6 months4.45%13.74%
1 year2.53%21.39%
5 years (annualized)2.15%13.11%
10 years (annualized)2.34%10.77%

Monthly Returns

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-2.73%9.44%0.82%-8.85%2.66%-0.74%0.56%
20238.98%-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%
20214.46%2.91%-5.49%4.58%-5.24%7.14%-0.94%1.07%-4.44%3.66%-9.34%-1.48%-4.44%
20203.38%-4.44%-9.25%18.08%12.22%5.24%7.69%3.10%0.61%-2.57%12.81%7.44%64.90%
201912.32%6.70%-0.57%4.26%-2.34%6.77%3.48%-2.17%-5.56%-1.06%6.70%-0.65%29.87%
20184.84%-3.25%1.90%1.48%7.53%2.10%-0.51%13.31%-0.99%-13.48%0.49%-14.12%-4.03%
20173.27%3.82%0.98%1.31%3.37%1.20%0.54%2.03%4.19%3.12%2.49%-3.66%24.83%
2016-12.01%-1.73%5.34%1.01%3.23%0.83%5.24%1.83%2.12%-6.61%8.43%0.93%7.13%
2015-1.66%7.23%1.49%-3.66%2.68%1.33%0.87%-7.75%-5.63%4.38%1.91%-35.64%-35.50%
2014-1.14%5.12%-3.74%-6.90%2.05%5.55%-6.60%5.00%-5.68%5.16%0.36%2.26%0.14%
20136.72%0.76%3.92%-1.42%3.79%0.24%7.55%-1.82%5.94%0.90%2.18%-15.72%11.39%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of ALSRX is 3, indicating that it is in the bottom 3% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of ALSRX is 33
ALSRX (Alger SmallCap Growth Institutional Fund)
The Sharpe Ratio Rank of ALSRX is 33Sharpe Ratio Rank
The Sortino Ratio Rank of ALSRX is 33Sortino Ratio Rank
The Omega Ratio Rank of ALSRX is 33Omega Ratio Rank
The Calmar Ratio Rank of ALSRX is 33Calmar Ratio Rank
The Martin Ratio Rank of ALSRX is 33Martin 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 SmallCap Growth Institutional Fund (ALSRX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


ALSRX
Sharpe ratio
The chart of Sharpe ratio for ALSRX, currently valued at 0.07, compared to the broader market-1.000.001.002.003.004.000.07
Sortino ratio
The chart of Sortino ratio for ALSRX, currently valued at 0.24, compared to the broader market0.005.0010.000.24
Omega ratio
The chart of Omega ratio for ALSRX, currently valued at 1.03, compared to the broader market1.002.003.004.001.03
Calmar ratio
The chart of Calmar ratio for ALSRX, currently valued at 0.03, compared to the broader market0.005.0010.0015.0020.000.03
Martin ratio
The chart of Martin ratio for ALSRX, currently valued at 0.19, compared to the broader market0.0020.0040.0060.0080.00100.000.19
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 1.82, compared to the broader market-1.000.001.002.003.004.001.82
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 2.59, compared to the broader market0.005.0010.002.59
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.32, compared to the broader market1.002.003.004.001.32
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.45, compared to the broader market0.005.0010.0015.0020.001.45
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 6.82, compared to the broader market0.0020.0040.0060.0080.00100.006.82

Sharpe Ratio

The current Alger SmallCap Growth Institutional Fund Sharpe ratio is 0.07. 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 SmallCap 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 Ratio-0.500.000.501.001.502.002.503.00FebruaryMarchAprilMayJuneJuly
0.07
1.82
ALSRX (Alger SmallCap Growth Institutional Fund)
Benchmark (^GSPC)

Dividends

Dividend History

Alger SmallCap Growth Institutional Fund granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.


PeriodTTM2023202220212020201920182017201620152014
Dividend$0.00$0.00$0.00$5.36$1.55$3.80$1.98$0.00$0.00$0.00$5.26

Dividend yield

0.00%0.00%0.00%23.64%5.23%20.07%11.31%0.00%0.00%0.00%22.38%

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$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$5.36$5.36
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.55$1.55
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$3.80$3.80
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.98$1.98
2017$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
2016$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
2015$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
2014$5.26$5.26

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-40.00%-30.00%-20.00%-10.00%0.00%FebruaryMarchAprilMayJuneJuly
-42.06%
-2.86%
ALSRX (Alger SmallCap Growth Institutional Fund)
Benchmark (^GSPC)

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 2697 trading sessions.

The current Alger SmallCap Growth Institutional Fund drawdown is 42.06%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-73.4%Mar 13, 2000644Oct 9, 20022697Jul 5, 20133341
-56.83%Nov 29, 2013554Feb 11, 20161011Feb 19, 20201565
-53.01%Feb 16, 2021681Oct 27, 2023
-35.55%Jul 2, 199871Oct 8, 199867Jan 11, 1999138
-31.57%Feb 20, 202018Mar 16, 202038May 8, 202056

Volatility

Volatility Chart

The current Alger SmallCap Growth Institutional Fund volatility is 5.06%, 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%FebruaryMarchAprilMayJuneJuly
5.06%
2.76%
ALSRX (Alger SmallCap Growth Institutional Fund)
Benchmark (^GSPC)