- ISIN
- US0155661020
- CUSIP
- 015566102
- Issuer
- Alger
- Inception Date
- Jul 28, 1969
- Category
- Large Cap Growth Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
SPECX Performance Chart
Alger Spectra Fund (SPECX) is up 4.5% since the beginning of the year. SPECX is currently trading at $36 per share. Investors who bought $1,000 worth of SPECX shares 5 years ago would now be looking at an investment worth $1,736.
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Returns By Period
Alger Spectra Fund (SPECX) has returned 4.51% so far this year and 17.07% over the past 12 months. Looking at the last ten years, SPECX has achieved an annualized return of 16.53%, outperforming the S&P 500 Index benchmark, which averaged 13.29% per year.
Alger Spectra Fund
- 1D
- 1.08%
- 1M
- -3.23%
- 6M
- 6.41%
- YTD
- 4.51%
- 1Y
- 17.07%
- 3Y*
- 28.63%
- 5Y*
- 11.66%
- 10Y*
- 16.53%
- ALL TIME*
- 12.37%
Benchmark (S&P 500 Index)
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
SPECX Monthly Returns History
Based on dividend-adjusted daily data since Dec 21, 1995, SPECX's average daily return is +0.06%, while the average monthly return is +1.15%. At this rate, an investment would double in approximately 5.1 years.
Historically, 60% of months were positive and 40% were negative. The best month was Dec 1999 with a return of +21.2%, while the worst month was Aug 1998 at -18.5%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.
On a daily basis, SPECX closed higher 53% of trading days. The best single day was Dec 15, 2021 with a return of +35.4%, while the worst single day was Dec 16, 2021 at -26.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.82% | -4.35% | -5.14% | 14.76% | 10.48% | -1.37% | -6.18% | 4.51% | |||||
| 2025 | 3.38% | -5.14% | -10.83% | 2.73% | 15.54% | 8.84% | 4.86% | 1.34% | 9.14% | 3.25% | -4.16% | -0.37% | 29.16% |
| 2024 | 5.08% | 8.74% | 2.35% | -4.51% | 7.70% | 6.70% | -4.03% | 3.21% | 4.19% | 1.33% | 9.86% | 0.07% | 47.52% |
| 2023 | 9.59% | -2.14% | 6.24% | 1.45% | 5.01% | 6.65% | 2.29% | -0.83% | -6.25% | -1.01% | 12.00% | 3.54% | 41.34% |
| 2022 | -14.81% | -2.49% | 1.57% | -13.68% | -2.80% | -9.34% | 12.52% | -4.12% | -9.66% | 3.20% | 1.96% | -7.88% | -39.37% |
| 2021 | -1.12% | 1.34% | -1.62% | 5.95% | -2.11% | 6.64% | 1.52% | 4.78% | -4.59% | 8.40% | -3.62% | -2.59% | 12.61% |
Benchmark Metrics
Alger Spectra Fund has an annualized alpha of 3.88%, beta of 1.11, and R2 of 0.68 versus S&P 500 Index. Calculated based on daily prices since December 21, 1995.
- This fund captured 129.44% of S&P 500 Index gains and 110.74% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 3.88% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.11 and R2 of 0.68, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 3.88%
- Beta
- 1.11
- R²
- 0.68
- Upside Capture
- 129.44%
- Downside Capture
- 110.74%
Expense Ratio
SPECX has a high expense ratio of 1.39%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SPECX ranks 13 for risk / return — above 13% of mutual funds 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 Spectra Fund (SPECX) 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.
| SPECX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.31 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 2.41 | -1.71 |
| Martin ratioReturn relative to average drawdown | 2.04 | 10.22 | -8.18 |
Dividends
Dividend History
Alger Spectra Fund provided a 7.15% dividend yield over the last twelve months, with an annual payout of $2.55 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.55 | $2.55 | $1.85 | $0.00 | $0.39 | $8.43 | $2.71 | $1.62 | $2.20 | $1.26 | $0.00 | $1.50 |
Dividend yield | 7.15% | 7.47% | 6.49% | 0.00% | 2.70% | 34.41% | 9.19% | 7.20% | 12.09% | 6.14% | 0.00% | 8.80% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger Spectra Fund. 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 | $2.55 | $2.55 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.85 | $1.85 |
| 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 | $0.39 | $0.39 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $8.43 | $8.43 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Alger Spectra 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 Spectra Fund was 72.19%, occurring on Feb 13, 2003. Recovery took 2533 trading sessions.
The current Alger Spectra Fund drawdown is 8.60%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-72.19%Feb 2003 | 2y 11mo | 10y 26d | 12y 12moMar 2000 - Mar 2013 | — |
-54.82%Jan 2023 | 1y 20d | 1y 11mo | 2y 11moDec 2021 - Dec 2024 | — |
-31.39%Mar 2020 | 1mo 2d | 2mo 17d | 3mo 19dFeb 2020 - Jun 2020 | COVID crash2020 |
-29.48%Oct 1998 | 2mo 19d | 2mo 2d | 4mo 21dJul 1998 - Dec 1998 | — |
-27.91%Apr 2025 | 1mo 19d | 2mo 17d | 4mo 6dFeb 2025 - Jun 2025 | 2025 selloff2025 |
Drawdown Indicators
| SPECX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.19% | -56.78% | -15.41% |
Max Drawdown (1Y)Largest decline over 1 year | -20.03% | -9.10% | -10.93% |
Max Drawdown (3Y)Largest decline over 3 years | -27.91% | -18.90% | -9.01% |
Max Drawdown (5Y)Largest decline over 5 years | -54.82% | -25.43% | -29.39% |
Max Drawdown (10Y)Largest decline over 10 years | -54.82% | -33.92% | -20.90% |
Current DrawdownCurrent decline from peak | -8.60% | -0.12% | -8.48% |
Average DrawdownAverage peak-to-trough decline | -23.94% | -10.70% | -13.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.85% | 2.14% | +4.71% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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