- ISIN
- US0155668132
- CUSIP
- 015566813
- Issuer
- Alger
- Inception Date
- Nov 1, 2009
- Category
- Long-Short
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
SPEDX Performance Chart
Alger Dynamic Opportunities Fund (SPEDX) is up 2.3% since the beginning of the year. SPEDX is currently trading at $23 per share. Investors who bought $1,000 worth of SPEDX shares 5 years ago would now be looking at an investment worth $1,152.
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Returns By Period
Alger Dynamic Opportunities Fund (SPEDX) has returned 2.30% so far this year and 2.95% over the past 12 months. Over the last ten years, SPEDX has returned 8.36% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Alger Dynamic Opportunities Fund
- 1D
- 2.39%
- 1M
- -3.98%
- 6M
- 4.32%
- YTD
- 2.30%
- 1Y
- 2.95%
- 3Y*
- 11.83%
- 5Y*
- 2.87%
- 10Y*
- 8.36%
- ALL TIME*
- 6.13%
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%
SPEDX Monthly Returns History
Based on dividend-adjusted daily data since Nov 5, 2009, SPEDX's average daily return is +0.03%, while the average monthly return is +0.55%. At this rate, an investment would double in approximately 10.5 years.
Historically, 59% of months were positive and 41% were negative. The best month was Jan 2019 with a return of +8.9%, while the worst month was Oct 2018 at -9.5%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.
On a daily basis, SPEDX closed higher 52% of trading days. The best single day was Dec 26, 2018 with a return of +3.6%, while the worst single day was Dec 15, 2017 at -5.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.94% | -2.71% | -1.89% | 7.61% | 5.46% | 3.31% | -6.78% | 2.30% | |||||
| 2025 | 3.26% | -5.66% | -2.80% | 1.52% | 6.27% | 2.48% | 2.38% | -0.89% | 1.44% | 0.18% | -0.75% | -0.85% | 6.22% |
| 2024 | 3.24% | 4.73% | 0.87% | -2.65% | 4.05% | 1.71% | -2.10% | 4.39% | 0.36% | 0.20% | 8.06% | -1.42% | 23.03% |
| 2023 | 1.17% | -1.46% | -0.12% | 2.28% | 0.42% | -0.54% | -2.05% | -1.05% | -3.86% | -0.84% | 6.07% | 4.56% | 4.24% |
| 2022 | -7.51% | 1.83% | -0.90% | -6.17% | -2.72% | -1.49% | 1.83% | -1.48% | -1.63% | 3.32% | 2.78% | -2.10% | -13.90% |
| 2021 | 0.88% | 3.91% | -1.83% | 5.50% | -2.01% | 1.81% | -0.05% | 4.08% | -0.60% | 3.34% | -9.15% | -1.12% | 3.96% |
Benchmark Metrics
Alger Dynamic Opportunities Fund has an annualized alpha of -0.09%, beta of 0.51, and R2 of 0.54 versus S&P 500 Index. Calculated based on daily prices since November 05, 2009.
- This fund participated in 60.55% of S&P 500 Index downside but only 48.41% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.51 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -0.09%
- Beta
- 0.51
- R²
- 0.54
- Upside Capture
- 48.41%
- Downside Capture
- 60.55%
Expense Ratio
SPEDX has an expense ratio of 0.91%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SPEDX ranks 6 for risk / return — above 6% 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 Dynamic Opportunities Fund (SPEDX) 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.
| SPEDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.25 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 2.00 | -1.77 |
| Martin ratioReturn relative to average drawdown | 0.58 | 8.49 | -7.91 |
Dividends
Dividend History
Alger Dynamic Opportunities Fund provided a 0.09% dividend yield over the last twelve months, with an annual payout of $0.02 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.02 | $0.02 | $0.00 | $0.00 | $0.00 | $1.08 | $0.95 | $0.52 | $0.24 | $0.00 | $0.04 |
Dividend yield | 0.09% | 0.09% | 0.00% | 0.00% | 0.00% | 5.69% | 4.94% | 3.75% | 1.92% | 0.00% | 0.32% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger Dynamic Opportunities 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 | $0.02 | $0.02 |
| 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 | $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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.08 | $1.08 |
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 Dynamic Opportunities 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 Dynamic Opportunities Fund was 29.02%, occurring on Oct 26, 2023. Recovery took 277 trading sessions.
The current Alger Dynamic Opportunities Fund drawdown is 6.78%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-29.02%Oct 2023 | 1y 11mo | 1y 1mo | 3y 1moNov 2021 - Dec 2024 | — |
-20.00%Dec 2018 | 3mo 8d | 6mo 19d | 9mo 27dSep 2018 - Jul 2019 | Rate-hike selloffLate 2018 |
-17.08%Feb 2016 | 6mo 22d | 1y 3mo | 1y 10moJul 2015 - May 2017 | — |
-16.44%Oct 2011 | 5mo 8d | 1y 5mo | 1y 10moApr 2011 - Mar 2013 | — |
-15.08%Mar 2020 | 27d | 1mo 18d | 2mo 15dFeb 2020 - May 2020 | COVID crash2020 |
Drawdown Indicators
| SPEDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.02% | -56.78% | +27.76% |
Max Drawdown (1Y)Largest decline over 1 year | -9.18% | -9.10% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -13.23% | -18.90% | +5.67% |
Max Drawdown (5Y)Largest decline over 5 years | -29.02% | -25.43% | -3.59% |
Max Drawdown (10Y)Largest decline over 10 years | -29.02% | -33.92% | +4.90% |
Current DrawdownCurrent decline from peak | -6.78% | -1.58% | -5.20% |
Average DrawdownAverage peak-to-trough decline | -6.91% | -10.70% | +3.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 2.14% | +1.49% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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