AAGOX vs. ATVPX

Last updated Aug 1, 2026

AAGOX (Alger Large Cap Growth Portfolio Fund) and ATVPX (Alger 35 Fund) are both Large Cap Growth Equities funds from Alger. Over the past 5 years, AAGOX returned 11.09%/yr vs 12.36%/yr for ATVPX. Their 0.97 correlation means they have historically moved very closely together. AAGOX charges 0.82%/yr vs 0.55%/yr for ATVPX.

Performance

AAGOX vs. ATVPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger Large Cap Growth Portfolio Fund (AAGOX) and Alger 35 Fund (ATVPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAGOX achieves a 12.62% return, which is significantly higher than ATVPX's 10.89% return.

AAGOX

• 1D: 3.96%
• 1M: -4.98%
• 6M: 13.74%
• YTD: 12.62%
• 1Y: 27.06%
• 3Y*: 28.99%
• 5Y*: 11.09%
• 10Y*: 18.19%
• ALL TIME*: 12.03%

ATVPX

• 1D: 5.84%
• 1M: -3.96%
• 6M: 13.04%
• YTD: 10.89%
• 1Y: 27.03%
• 3Y*: 33.42%
• 5Y*: 12.36%
• 10Y*: —
• ALL TIME*: 20.43%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AAGOX Alger Large Cap Growth Portfolio Fund	$0.00	$0.00	$0.00
ATVPX Alger 35 Fund	$0.00	$0.00	$0.00

AAGOX vs. ATVPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AAGOX Alger Large Cap Growth Portfolio Fund	12.62%	29.82%	42.89%	32.67%	-38.76%	12.63%	67.21%	11.55%
ATVPX Alger 35 Fund	10.89%	32.51%	50.84%	31.41%	-36.36%	10.91%	68.05%	14.00%

Correlation

The correlation between AAGOX and ATVPX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.98
Correlation (3Y) Balances recent behavior with more history.	0.97
Correlation (5Y) Shows whether the relationship held over a longer period.	0.97
Correlation (All Time) Calculated using the full available price history since Mar 15, 2019	0.97

The correlation between AAGOX and ATVPX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

AAGOX vs. ATVPX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AAGOX

AAGOX Risk / Return Rank: 29
AAGOX Sharpe Ratio Rank: 28
AAGOX Sortino Ratio Rank: 29
AAGOX Omega Ratio Rank: 28
AAGOX Calmar Ratio Rank: 32
AAGOX Martin Ratio Rank: 28

ATVPX

ATVPX Risk / Return Rank: 30
ATVPX Sharpe Ratio Rank: 29
ATVPX Sortino Ratio Rank: 29
ATVPX Omega Ratio Rank: 29
ATVPX Calmar Ratio Rank: 34
ATVPX Martin Ratio Rank: 31

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AAGOX vs. ATVPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger Large Cap Growth Portfolio Fund (AAGOX) and Alger 35 Fund (ATVPX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	AAGOX	ATVPX	Difference
Sharpe ratio: Return per unit of total volatility	0.93	0.99	-0.06
Sortino ratio: Return per unit of downside risk	1.41	1.46	-0.05
Omega ratio: Gain probability vs. loss probability	1.17	1.18	-0.01
Calmar ratio: Return relative to maximum drawdown	1.38	1.51	-0.12
Martin ratio: Return relative to average drawdown	3.91	4.58	-0.67

AAGOX vs. ATVPX - Sharpe Ratio Comparison

The current AAGOX Sharpe Ratio is 0.93, which is comparable to the ATVPX Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of AAGOX and ATVPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AAGOX vs. ATVPX - Drawdown Comparison

The maximum AAGOX drawdown since its inception was -60.22%, which is greater than ATVPX's maximum drawdown of -53.35%. Use the drawdown chart below to compare losses from any high point for AAGOX and ATVPX.

Drawdown Indicators

	AAGOX	ATVPX	Difference
Max Drawdown Largest peak-to-trough decline	-60.22%	-53.35%	-6.87%
Max Drawdown (1Y) Largest decline over 1 year	-18.11%	-16.74%	-1.37%
Max Drawdown (3Y) Largest decline over 3 years	-27.34%	-28.19%	+0.85%
Max Drawdown (5Y) Largest decline over 5 years	-44.07%	-53.35%	+9.28%
Max Drawdown (10Y) Largest decline over 10 years	-44.07%	—	—
Current Drawdown Current decline from peak	-10.78%	-8.95%	-1.83%
Average Drawdown Average peak-to-trough decline	-15.66%	-17.70%	+2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.40%	5.49%	+0.91%

Volatility

AAGOX vs. ATVPX - Volatility Comparison

The current volatility for Alger Large Cap Growth Portfolio Fund (AAGOX) is 8.52%, while Alger 35 Fund (ATVPX) has a volatility of 10.17%. This indicates that AAGOX experiences smaller price fluctuations and is considered to be less risky than ATVPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAGOX	ATVPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.52%	10.17%	-1.65%
Volatility (6M) Calculated over the trailing 6-month period	21.70%	20.66%	+1.04%
Volatility (1Y) Calculated over the trailing 1-year period	27.05%	25.59%	+1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.79%	33.96%	-7.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.02%	31.81%	-6.79%

AAGOX vs. ATVPX - Expense Ratio Comparison

AAGOX has a 0.82% expense ratio, which is higher than ATVPX's 0.55% expense ratio.

Dividends

AAGOX vs. ATVPX - Dividend Comparison

AAGOX's dividend yield for the trailing twelve months is around 10.75%, less than ATVPX's 19.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAGOX Alger Large Cap Growth Portfolio Fund	10.75%	12.11%	0.00%	0.00%	5.91%	28.74%	14.75%	1.88%	22.68%	9.81%	0.00%	12.42%
ATVPX Alger 35 Fund	19.16%	21.25%	0.00%	0.00%	0.02%	36.00%	17.24%	0.17%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AAGOX and ATVPX in my portfolio?

With a correlation of 0.98, AAGOX and ATVPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AAGOX or ATVPX?

ATVPX has higher volatility (10.17%) compared to AAGOX (8.52%). In terms of maximum drawdown, AAGOX dropped -60.22% vs ATVPX's -53.35%.

Which has better risk-adjusted returns?

ATVPX currently has the higher Sharpe Ratio (0.99 vs 0.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.