Alger Mid Cap 40 ETF (FRTY)

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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.

Alger Mid Cap 40 ETF (FRTY) has returned -7.48% so far this year and 22.58% over the past 12 months.

Based on dividend-adjusted daily data since Mar 1, 2021, FRTY's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, your investment would double in approximately 28.9 years.

Historically, 51% of months were positive and 49% 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 53% 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%.

Alger Mid Cap 40 ETF has an annualized alpha of -9.82%, beta of 1.21, and R² of 0.57 versus S&P 500 Index. Calculated based on daily prices since March 02, 2021.

• This ETF participated in 123.51% of S&P 500 Index downside but only 79.59% of its upside — more exposed to losses than it benefited from rallies.
• This ETF had an annualized alpha of -9.82% versus S&P 500 Index — delivering less than market exposure alone would predict.

FRTY has an expense ratio of 0.60%, placing it in the medium range.

FRTY ranks 40 for risk / return — below 40% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Alger Mid Cap 40 ETF (FRTY) and compare them to a chosen benchmark (S&P 500 Index).

Alger Mid Cap 40 ETF provided a 0.21% dividend yield over the last twelve months, with an annual payout of $0.04 per share.

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.

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.

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. The portfolio has not yet recovered.

The current Alger Mid Cap 40 ETF drawdown is 18.23%.

The chart below shows the rolling one-month volatility.