AFGPX vs. ALGRX
AFGPX (Alger International Focus Fund) and ALGRX (Alger Focus Equity Fund Class I) are both mutual funds - AFGPX is a Foreign Large Cap Equities fund managed by Alger, while ALGRX is a Large Cap Growth Equities fund managed by Alger. Over the past 10 years, AFGPX returned 7.98%/yr vs 20.55%/yr for ALGRX. Their correlation of 0.90 means they have usually moved in the same direction. AFGPX charges 1.28%/yr vs 0.95%/yr for ALGRX.
Performance
AFGPX vs. ALGRX - Performance Comparison
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Returns By Period
In the year-to-date period, AFGPX achieves a 10.46% return, which is significantly higher than ALGRX's 8.75% return. Over the past 10 years, AFGPX has underperformed ALGRX with an annualized return of 7.98%, while ALGRX has yielded a comparatively higher 20.55% annualized return.
AFGPX
- 1D
- 4.07%
- 1M
- -1.25%
- 6M
- 4.43%
- YTD
- 10.46%
- 1Y
- 13.17%
- 3Y*
- 11.78%
- 5Y*
- 3.00%
- 10Y*
- 7.98%
- ALL TIME*
- 9.66%
ALGRX
- 1D
- 4.69%
- 1M
- -3.70%
- 6M
- 10.37%
- YTD
- 8.75%
- 1Y
- 25.68%
- 3Y*
- 34.90%
- 5Y*
- 17.20%
- 10Y*
- 20.55%
- ALL TIME*
- 10.08%
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 |
AFGPX vs. ALGRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AFGPX Alger International Focus Fund | 10.46% | 18.22% | 5.20% | 18.03% | -31.00% | 9.09% | 43.38% | 27.60% | -21.49% | 25.80% |
ALGRX Alger Focus Equity Fund Class I | 8.75% | 39.68% | 51.77% | 44.20% | -35.94% | 20.06% | 45.82% | 33.93% | 1.39% | 28.68% |
Correlation
The correlation between AFGPX and ALGRX is 0.80, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 1994 | 0.90 |
The correlation between AFGPX and ALGRX shifts across timeframes, from 0.74 (3 years) to 0.90 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AFGPX vs. ALGRX — Risk / Return Rank
AFGPX
ALGRX
AFGPX vs. ALGRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger International Focus Fund (AFGPX) and Alger Focus Equity Fund Class I (ALGRX). 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.
| AFGPX | ALGRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.18 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.38 | -0.50 |
| Martin ratioReturn relative to average drawdown | 2.91 | 4.33 | -1.42 |
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Drawdowns
AFGPX vs. ALGRX - Drawdown Comparison
The maximum AFGPX drawdown since its inception was -63.63%, roughly equal to the maximum ALGRX drawdown of -62.64%. Use the drawdown chart below to compare losses from any high point for AFGPX and ALGRX.
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Drawdown Indicators
| AFGPX | ALGRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.63% | -62.64% | -0.99% |
Max Drawdown (1Y)Largest decline over 1 year | -12.92% | -17.55% | +4.63% |
Max Drawdown (3Y)Largest decline over 3 years | -14.14% | -26.96% | +12.82% |
Max Drawdown (5Y)Largest decline over 5 years | -42.17% | -43.57% | +1.40% |
Max Drawdown (10Y)Largest decline over 10 years | -42.17% | -43.57% | +1.40% |
Current DrawdownCurrent decline from peak | -4.52% | -7.99% | +3.47% |
Average DrawdownAverage peak-to-trough decline | -19.35% | -18.73% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 5.59% | -1.66% |
Volatility
AFGPX vs. ALGRX - Volatility Comparison
The current volatility for Alger International Focus Fund (AFGPX) is 7.62%, while Alger Focus Equity Fund Class I (ALGRX) has a volatility of 8.31%. This indicates that AFGPX experiences smaller price fluctuations and is considered to be less risky than ALGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AFGPX | ALGRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 8.31% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 19.09% | 19.09% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.67% | 24.15% | -2.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.81% | 26.69% | -5.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.69% | 24.23% | -4.54% |
AFGPX vs. ALGRX - Expense Ratio Comparison
AFGPX has a 1.28% expense ratio, which is higher than ALGRX's 0.95% expense ratio.
Dividends
AFGPX vs. ALGRX - Dividend Comparison
AFGPX's dividend yield for the trailing twelve months is around 12.50%, more than ALGRX's 7.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AFGPX Alger International Focus Fund | 12.50% | 13.81% | 6.27% | 0.00% | 0.00% | 10.04% | 0.00% | 4.42% | 2.96% | 5.26% | 1.26% |
ALGRX Alger Focus Equity Fund Class I | 7.21% | 7.84% | 0.00% | 0.10% | 0.06% | 13.98% | 6.25% | 2.08% | 5.38% | 0.00% | 0.00% |
Frequently Asked Questions
AFGPX and ALGRX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALGRX has higher volatility (8.31%) compared to AFGPX (7.62%). In terms of maximum drawdown, AFGPX dropped -63.63% vs ALGRX's -62.64%.
ALGRX currently has the higher Sharpe Ratio (1.01 vs 0.53), 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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