Alger Mid Cap 40 ETF (FRTY)
FRTY is an actively managed ETF by Alger Group Holdings LLC. FRTY launched on Feb 26, 2021 and has a 0.60% expense ratio.
ETF Info
| Issuer | Alger Group Holdings LLC |
|---|---|
| Inception Date | Feb 26, 2021 |
| Region | North America (U.S.) |
| Category | Mid Cap Growth Equities, Actively Managed |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Growth |
Expense Ratio
FRTY features an expense ratio of 0.60%, falling within the medium range.
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.
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Alger Mid Cap 40 ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Alger Mid Cap 40 ETF had a return of 41.10% year-to-date (YTD) and 56.23% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 41.10% | 25.45% |
| 1 month | 7.55% | 2.91% |
| 6 months | 16.69% | 14.05% |
| 1 year | 56.23% | 35.64% |
| 5 years (annualized) | N/A | 14.13% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of FRTY, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 4.87% | 15.66% | -2.94% | -2.14% | 3.41% | 0.03% | -0.35% | 1.49% | 5.36% | 2.11% | 41.10% | ||
| 2023 | 7.32% | -0.99% | -0.64% | 0.11% | 0.16% | 6.60% | 1.27% | -1.86% | -6.37% | -4.63% | 8.69% | 7.28% | 16.81% |
| 2022 | -12.95% | 2.23% | -4.15% | -13.91% | -4.29% | -7.19% | 5.46% | -3.73% | -11.17% | 3.62% | -0.29% | -4.96% | -42.23% |
| 2021 | -3.73% | 2.77% | -4.07% | 6.52% | 0.16% | 9.83% | -1.44% | 7.36% | -8.89% | -9.77% | -3.26% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FRTY is 63, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Alger Mid Cap 40 ETF (FRTY) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Alger Mid Cap 40 ETF provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $1.07 |
Dividend yield | 0.00% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $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 | $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.
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 55.59%, occurring on Oct 14, 2022. The portfolio has not yet recovered.
The current Alger Mid Cap 40 ETF drawdown is 24.55%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -55.59% | Nov 9, 2021 | 235 | Oct 14, 2022 | — | — | — |
| -11.62% | Apr 29, 2021 | 10 | May 12, 2021 | 30 | Jun 24, 2021 | 40 |
| -9.54% | Sep 24, 2021 | 7 | Oct 4, 2021 | 20 | Nov 1, 2021 | 27 |
| -8.44% | Mar 16, 2021 | 7 | Mar 24, 2021 | 22 | Apr 26, 2021 | 29 |
| -7.52% | Mar 2, 2021 | 5 | Mar 8, 2021 | 5 | Mar 15, 2021 | 10 |
Volatility
Volatility Chart
The current Alger Mid Cap 40 ETF volatility is 6.15%, 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.