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Alger Mid Cap Growth Portfolio Fund (AMGOX) Diversifiers

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

The investment seeks long-term capital appreciation. The advisor focuses on mid-sized companies that the advisor believes demonstrate promising growth potential. Under normal circumstances, it invests at least 80% of its net assets in equity securities of companies that, at the time of purchase of the securities, have total market capitalization within the range of companies included in the Russell Midcap Growth Index or the S&P MidCap 400 Index, as reported by the indexes as of the most recent quarter-end. Both indexes are designed to track the performance of medium-capitalization stocks.

Looking to diversify beyond AMGOX? The mutual funds below have the lowest correlation with AMGOX — 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 AMGOX.

Best Diversifiers for AMGOX

0 mutual funds have low correlation with AMGOX (below 0.3), 0 of which are negatively correlated. The least correlated is Needham Growth Fund (NEEGX) (Mid Cap Growth Equities) with a 1Y correlation of 0.73, roughly unchanged from 0.82 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
NEEGX
Needham Growth Fund0.730.770.82
82
Mid Cap Growth EquitiesAMGOX vs NEEGX
NEEIX
Needham Growth Fund Institutional Class0.730.770.82
83
Mid Cap Growth EquitiesAMGOX vs NEEIX
ALBAX
Alger Growth & Income Fund0.750.790.80
85
Large Cap Blend EquitiesAMGOX vs ALBAX
VHCOX
Vanguard Capital Opportunity Fund Investor Shares0.760.800.85
89
Mid Cap Growth EquitiesAMGOX vs VHCOX
MGOYX
Victory Munder Mid-Cap Core Growth Fund0.780.820.85
70
Mid Cap Growth EquitiesAMGOX vs MGOYX
See all 8 diversifiers for AMGOX

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