AASOX vs. ETEGX
AASOX (Alger Small Cap Growth Portfolio) and ETEGX (Eaton Vance Small-Cap Fund) are both Small Cap Growth Equities funds. Over the past 10 years, AASOX returned 9.09%/yr vs 8.90%/yr for ETEGX. Their correlation of 0.86 means they have usually moved in the same direction. AASOX charges 0.95%/yr vs 1.21%/yr for ETEGX.
Performance
AASOX vs. ETEGX - Performance Comparison
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Returns By Period
In the year-to-date period, AASOX achieves a 18.35% return, which is significantly higher than ETEGX's 8.76% return. Both investments have delivered pretty close results over the past 10 years, with AASOX having a 9.09% annualized return and ETEGX not far behind at 8.90%.
AASOX
- 1D
- -0.05%
- 1M
- 2.41%
- 6M
- 15.62%
- YTD
- 18.35%
- 1Y
- 32.15%
- 3Y*
- 11.29%
- 5Y*
- -2.65%
- 10Y*
- 9.09%
- ALL TIME*
- 6.21%
ETEGX
- 1D
- 0.28%
- 1M
- -0.21%
- 6M
- 3.93%
- YTD
- 8.76%
- 1Y
- 8.72%
- 3Y*
- 5.14%
- 5Y*
- 3.28%
- 10Y*
- 8.90%
- ALL TIME*
- 7.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
AASOX vs. ETEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AASOX Alger Small Cap Growth Portfolio | 18.35% | 5.89% | 8.12% | 16.49% | -38.39% | -5.07% | 67.18% | 29.36% | 1.47% | 28.73% |
ETEGX Eaton Vance Small-Cap Fund | 8.76% | -6.20% | 14.65% | 11.28% | -15.52% | 21.45% | 12.73% | 27.57% | -6.00% | 14.87% |
Correlation
The correlation between AASOX and ETEGX is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1996 | 0.86 |
Over the past year, the correlation between AASOX and ETEGX has dropped to 0.59 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
AASOX vs. ETEGX — Risk / Return Rank
AASOX
ETEGX
AASOX vs. ETEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Small Cap Growth Portfolio (AASOX) and Eaton Vance Small-Cap Fund (ETEGX). 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.
| AASOX | ETEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.09 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 0.55 | +1.12 |
| Martin ratioReturn relative to average drawdown | 5.48 | 1.23 | +4.25 |
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Drawdowns
AASOX vs. ETEGX - Drawdown Comparison
The maximum AASOX drawdown since its inception was -74.54%, which is greater than ETEGX's maximum drawdown of -67.58%. Use the drawdown chart below to compare losses from any high point for AASOX and ETEGX.
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Drawdown Indicators
| AASOX | ETEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.54% | -67.58% | -6.96% |
Max Drawdown (1Y)Largest decline over 1 year | -18.34% | -13.05% | -5.29% |
Max Drawdown (3Y)Largest decline over 3 years | -32.82% | -19.98% | -12.84% |
Max Drawdown (5Y)Largest decline over 5 years | -60.50% | -24.30% | -36.20% |
Max Drawdown (10Y)Largest decline over 10 years | -60.50% | -36.66% | -23.84% |
Current DrawdownCurrent decline from peak | -32.71% | -3.96% | -28.75% |
Average DrawdownAverage peak-to-trough decline | -29.87% | -22.67% | -7.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.59% | 5.83% | -0.24% |
Volatility
AASOX vs. ETEGX - Volatility Comparison
Alger Small Cap Growth Portfolio (AASOX) has a higher volatility of 7.56% compared to Eaton Vance Small-Cap Fund (ETEGX) at 4.42%. This indicates that AASOX's price experiences larger fluctuations and is considered to be riskier than ETEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AASOX | ETEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 4.42% | +3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 19.63% | 11.37% | +8.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.31% | 16.33% | +7.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.53% | 18.76% | +21.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.54% | 19.82% | +13.72% |
AASOX vs. ETEGX - Expense Ratio Comparison
AASOX has a 0.95% expense ratio, which is lower than ETEGX's 1.21% expense ratio.
Dividends
AASOX vs. ETEGX - Dividend Comparison
AASOX's dividend yield for the trailing twelve months is around 0.99%, less than ETEGX's 7.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AASOX Alger Small Cap Growth Portfolio | 0.99% | 1.17% | 0.38% | 0.00% | 22.43% | 49.73% | 6.88% | 5.59% | 4.58% | 0.00% | 0.00% | 0.00% |
ETEGX Eaton Vance Small-Cap Fund | 7.57% | 8.23% | 5.13% | 0.68% | 3.22% | 13.87% | 1.06% | 7.19% | 12.29% | 11.02% | 13.88% | 23.25% |
Frequently Asked Questions
AASOX and ETEGX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AASOX has higher volatility (7.56%) compared to ETEGX (4.42%). In terms of maximum drawdown, AASOX dropped -74.54% vs ETEGX's -67.58%.
AASOX currently has the higher Sharpe Ratio (1.27 vs 0.44), 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.
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