Alger Spectra Fund (SPECX)

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Alger Spectra Fund (SPECX) is up 13.5% since the beginning of the year. SPECX is currently trading at $39 per share. Investors who bought $1,000 worth of SPECX shares 5 years ago would now be looking at an investment worth $2,083.

Alger Spectra Fund (SPECX) has returned 13.50% so far this year and 38.92% over the past 12 months. Looking at the last ten years, SPECX has achieved an annualized return of 17.81%, outperforming the S&P 500 Index benchmark, which averaged 13.66% per year.

Based on dividend-adjusted daily data since Dec 21, 1995, SPECX's average daily return is +0.06%, while the average monthly return is +1.17%. At this rate, an investment would double in approximately 5.0 years.

Historically, 61% of months were positive and 39% 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%.

Alger Spectra Fund has an annualized alpha of 4.15%, beta of 1.10, and R2 of 0.68 versus S&P 500 Index. Calculated based on daily prices since December 22, 1995.

• This fund captured 129.57% of S&P 500 Index gains and 109.78% of its losses - amplifying both gains and losses, but participating more in upside than downside.
• This fund generated an annualized alpha of 4.15% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
• With beta of 1.10 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.

SPECX has a high expense ratio of 1.39%, indicating above-average management fees.

SPECX ranks 32 for risk / return — below 32% of mutual funds 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 Spectra Fund (SPECX) and compare them to S&P 500 Index.

Alger Spectra Fund provided a 6.58% dividend yield over the last twelve months, with an annual payout of $2.55 per share.

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.

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 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 0.74%.

The chart below shows the rolling one-month volatility.