AFOIX vs. VLEQX

Last updated Jul 21, 2026

AFOIX (Alger Mid Cap Focus Fund new) and VLEQX (Villere Equity Fund) are both Mid Cap Growth Equities funds. A 0.72 correlation means they provide meaningful diversification when combined. AFOIX charges 0.95%/yr vs 1.22%/yr for VLEQX.

Performance

AFOIX vs. VLEQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger Mid Cap Focus Fund new (AFOIX) and Villere Equity Fund (VLEQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AFOIX

• 1D: -0.64%
• 1M: -5.71%
• 6M: 1.40%
• YTD: 6.60%
• 1Y: 16.33%
• 3Y*: 19.02%
• 5Y*: 4.30%
• 10Y*: —
• ALL TIME*: 13.55%

VLEQX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

AFOIX vs. VLEQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AFOIX Alger Mid Cap Focus Fund new	6.60%	14.95%	31.68%	16.47%	-37.37%	10.14%	84.38%	2.89%
VLEQX Villere Equity Fund	3.58%	0.26%	1.50%	11.37%	-24.50%	5.80%	14.77%	5.78%

Correlation

The correlation between AFOIX and VLEQX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jun 17, 2019	0.72

Over the past year, the correlation between AFOIX and VLEQX has dropped to 0.45 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.

Return for Risk

AFOIX vs. VLEQX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AFOIX

AFOIX Risk / Return Rank: 15
AFOIX Sharpe Ratio Rank: 14
AFOIX Sortino Ratio Rank: 15
AFOIX Omega Ratio Rank: 14
AFOIX Calmar Ratio Rank: 17
AFOIX Martin Ratio Rank: 17

VLEQX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AFOIX vs. VLEQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger Mid Cap Focus Fund new (AFOIX) and Villere Equity Fund (VLEQX). 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.

	AFOIX	VLEQX	Difference
Sharpe ratio: Return per unit of total volatility	0.75	—	—
Sortino ratio: Return per unit of downside risk	1.15	—	—
Omega ratio: Gain probability vs. loss probability	1.14	—	—
Calmar ratio: Return relative to maximum drawdown	1.08	—	—
Martin ratio: Return relative to average drawdown	3.26	—	—

Drawdowns

Drawdown Indicators

	AFOIX	VLEQX	Difference
Max Drawdown Largest peak-to-trough decline	-48.75%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-16.46%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-29.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-48.75%	—	—
Current Drawdown Current decline from peak	-8.06%	—	—
Average Drawdown Average peak-to-trough decline	-19.79%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	5.45%	—	—

Volatility

Volatility by Period

	AFOIX	VLEQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.80%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.67%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.50%	—	—

AFOIX vs. VLEQX - Expense Ratio Comparison

AFOIX has a 0.95% expense ratio, which is lower than VLEQX's 1.22% expense ratio.

Dividends

AFOIX vs. VLEQX - Dividend Comparison

AFOIX has not paid dividends to shareholders, while VLEQX's dividend yield for the trailing twelve months is around 13.57%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AFOIX Alger Mid Cap Focus Fund new	0.00%	0.00%	0.00%	0.00%	0.00%	11.14%	1.38%	0.00%	0.00%	0.00%	0.00%	0.00%
VLEQX Villere Equity Fund	13.57%	0.54%	0.40%	4.64%	2.88%	8.24%	0.73%	0.17%	0.34%	0.00%	0.11%	1.76%

Frequently Asked Questions

Can I hold both AFOIX and VLEQX in my portfolio?

AFOIX and VLEQX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.