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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Alger Dynamic Opportunities Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Alger Dynamic Opportunities Fund (SPEDX) has returned -7.22% so far this year and 4.09% over the past 12 months. Over the last ten years, SPEDX has returned 7.51% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.
Alger Dynamic Opportunities Fund
- 1D
- -0.24%
- 1M
- -2.74%
- YTD
- -7.22%
- 6M
- -8.54%
- 1Y
- 4.09%
- 3Y*
- 8.27%
- 5Y*
- 1.91%
- 10Y*
- 7.51%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Nov 5, 2009, SPEDX's average daily return is +0.02%, while the average monthly return is +0.50%. At this rate, your investment would double in approximately 11.6 years.
Historically, 58% of months were positive and 42% 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% | -2.74% | -7.22% | |||||||||
| 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 -0.10%, beta of 0.51, and R² of 0.55 versus S&P 500 Index. Calculated based on daily prices since November 06, 2009.
- This fund participated in 59.33% of S&P 500 Index downside but only 47.65% 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
- -0.10%
- Beta
- 0.51
- R²
- 0.55
- Upside Capture
- 47.65%
- Downside Capture
- 59.33%
Expense Ratio
SPEDX has an expense ratio of 0.91%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SPEDX ranks 13 for risk / return — in the bottom 13% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Alger Dynamic Opportunities Fund (SPEDX) and compare them to a chosen benchmark (S&P 500 Index).
| SPEDX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.39 | 0.90 | -0.50 |
Sortino ratioReturn per unit of downside risk | 0.60 | 1.39 | -0.78 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.21 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.41 | 1.40 | -0.99 |
Martin ratioReturn relative to average drawdown | 1.26 | 6.61 | -5.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore SPEDX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Alger Dynamic Opportunities Fund provided a 0.10% 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 | 0.10% | 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 | |||||||||
| 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 9.18%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -29.02% | Nov 2, 2021 | 499 | Oct 26, 2023 | 277 | Dec 3, 2024 | 776 |
| -20% | Sep 17, 2018 | 69 | Dec 24, 2018 | 136 | Jul 11, 2019 | 205 |
| -17.08% | Jul 21, 2015 | 140 | Feb 8, 2016 | 326 | May 24, 2017 | 466 |
| -16.44% | Apr 28, 2011 | 110 | Oct 3, 2011 | 358 | Mar 8, 2013 | 468 |
| -15.08% | Feb 20, 2020 | 20 | Mar 18, 2020 | 33 | May 5, 2020 | 53 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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