- Issuer
- Alger
- Inception Date
- Feb 26, 2021
- Region
- North America (U.S.)
- Category
- Mid Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $129M
Highlights
- Avg. Volume (1M)
- 26K
- Avg. Volume Value (1M)
- $584.27K
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
FRTY Performance Chart
Alger Mid Cap 40 ETF (FRTY) is up 5.5% since the beginning of the year. FRTY is currently trading at $22 per share. Investors who bought $1,000 worth of FRTY shares 5 years ago would now be looking at an investment worth $1,124.
Loading charts...
Compare this symbol against anything
Returns By Period
Alger Mid Cap 40 ETF (FRTY) has returned 5.48% so far this year and 12.22% over the past 12 months.
Alger Mid Cap 40 ETF
- 1D
- 0.52%
- 1M
- -4.84%
- 6M
- 5.40%
- YTD
- 5.48%
- 1Y
- 12.22%
- 3Y*
- 19.02%
- 5Y*
- 2.37%
- 10Y*
- —
- ALL TIME*
- 2.49%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FRTY Monthly Returns History
Based on dividend-adjusted daily data since Mar 1, 2021, FRTY's average daily return is +0.02%, while the average monthly return is +0.42%. At this rate, an investment would double in approximately 13.8 years.
Historically, 52% of months were positive and 48% were negative. The best month was Feb 2024 with a return of +15.7%, while the worst month was Apr 2022 at -13.9%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FRTY closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +7.7%, while the worst single day was Apr 4, 2025 at -8.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.08% | -0.90% | -6.70% | 6.98% | 11.68% | 6.63% | -10.52% | 5.48% | |||||
| 2025 | 4.60% | -9.26% | -10.28% | 1.92% | 9.22% | 8.40% | 6.22% | -0.78% | 10.54% | 2.21% | -7.10% | -0.74% | 12.82% |
| 2024 | 4.87% | 15.66% | -2.94% | -2.14% | 3.41% | 0.03% | -0.36% | 1.49% | 5.36% | 2.11% | 14.83% | -6.74% | 38.86% |
| 2023 | 7.32% | -0.98% | -0.64% | 0.12% | 0.16% | 6.59% | 1.27% | -1.85% | -6.37% | -4.63% | 8.69% | 7.28% | 16.81% |
| 2022 | -12.95% | 2.22% | -4.14% | -13.91% | -4.29% | -7.19% | 5.47% | -3.73% | -11.17% | 3.62% | -0.29% | -4.96% | -42.23% |
| 2021 | -3.35% | 2.77% | -4.07% | 6.52% | 0.16% | 9.83% | -1.44% | 7.36% | -8.89% | -4.80% | 2.46% |
Benchmark Metrics
Alger Mid Cap 40 ETF has an annualized alpha of -10.27%, beta of 1.23, and R2 of 0.56 versus S&P 500 Index. Calculated based on daily prices since March 01, 2021.
- This ETF participated in 126.50% of S&P 500 Index downside but only 82.25% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -10.27% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -10.27%
- Beta
- 1.23
- R²
- 0.56
- Upside Capture
- 82.25%
- Downside Capture
- 126.50%
Expense Ratio
FRTY has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FRTY ranks 19 for risk / return — above 19% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Alger Mid Cap 40 ETF (FRTY) 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.
| FRTY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.25 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 2.00 | -1.54 |
| Martin ratioReturn relative to average drawdown | 1.12 | 8.49 | -7.37 |
Dividends
Dividend History
Alger Mid Cap 40 ETF provided a 0.18% dividend yield over the last twelve months, with an annual payout of $0.04 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.04 | $0.04 | $0.02 | $0.00 | $0.00 | $1.07 |
Dividend yield | 0.18% | 0.19% | 0.10% | 0.00% | 0.00% | 5.35% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger Mid Cap 40 ETF. 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 | $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 | $0.04 | $0.04 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
| 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 | $1.07 | $1.07 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Alger Mid Cap 40 ETF. 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 Mid Cap 40 ETF was 53.15%, occurring on Oct 14, 2022. Recovery took 909 trading sessions.
The current Alger Mid Cap 40 ETF drawdown is 10.52%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-53.15%Oct 2022 | 11mo 9d | 3y 7mo | 4y 6moNov 2021 - Jun 2026 | Bear market2022 |
-14.55%Jul 2026 | 28d | — | 1mo 2dJul 2026 - now | — |
-11.62%May 2021 | 13d | 1mo 13d | 1mo 26dApr 2021 - Jun 2021 | — |
-9.54%Oct 2021 | 10d | 28d | 1mo 8dSep 2021 - Nov 2021 | — |
-8.45%Mar 2021 | 8d | 1mo 3d | 1mo 11dMar 2021 - Apr 2021 | — |
Drawdown Indicators
| FRTY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.15% | -56.78% | +3.63% |
Max Drawdown (1Y)Largest decline over 1 year | -19.75% | -9.10% | -10.65% |
Max Drawdown (3Y)Largest decline over 3 years | -31.48% | -18.90% | -12.58% |
Max Drawdown (5Y)Largest decline over 5 years | -53.15% | -25.43% | -27.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -10.52% | -1.58% | -8.94% |
Average DrawdownAverage peak-to-trough decline | -27.30% | -10.70% | -16.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.09% | 2.14% | +5.95% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with FRTY
Add Alger Mid Cap 40 ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with FRTY