ALAFX vs. ALGRX
Compare and contrast key facts about Alger Focus Equity A Fund (ALAFX) and Alger Focus Equity Fund (ALGRX).
ALAFX is an actively managed fund by Alger. It was launched on Nov 8, 1993. ALGRX is managed by Alger. It was launched on Nov 8, 1993.
Performance
ALAFX vs. ALGRX - Performance Comparison
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ALAFX vs. ALGRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALAFX Alger Focus Equity A Fund | -9.39% | 39.65% | 51.72% | 44.15% | -35.95% | 20.00% | 45.73% | 33.84% | 1.33% | 28.70% |
ALGRX Alger Focus Equity Fund | -9.38% | 39.68% | 51.77% | 44.20% | -35.94% | 20.06% | 45.82% | 33.93% | 1.39% | 28.68% |
Returns By Period
The year-to-date returns for both investments are quite close, with ALAFX having a -9.39% return and ALGRX slightly higher at -9.38%. Both investments have delivered pretty close results over the past 10 years, with ALAFX having a 18.81% annualized return and ALGRX not far ahead at 18.86%.
ALAFX
- 1D
- 4.94%
- 1M
- -4.35%
- YTD
- -9.39%
- 6M
- -10.40%
- 1Y
- 40.70%
- 3Y*
- 34.13%
- 5Y*
- 15.27%
- 10Y*
- 18.81%
ALGRX
- 1D
- 4.94%
- 1M
- -4.35%
- YTD
- -9.38%
- 6M
- -10.38%
- 1Y
- 40.77%
- 3Y*
- 34.16%
- 5Y*
- 15.31%
- 10Y*
- 18.86%
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ALAFX vs. ALGRX - Expense Ratio Comparison
ALAFX has a 0.95% expense ratio, which is higher than ALGRX's 0.89% expense ratio.
Return for Risk
ALAFX vs. ALGRX — Risk / Return Rank
ALAFX
ALGRX
ALAFX vs. ALGRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Focus Equity A Fund (ALAFX) and Alger Focus Equity Fund (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.
| ALAFX | ALGRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | 1.56 | 0.00 |
Sortino ratioReturn per unit of downside risk | 2.20 | 2.20 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.30 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.39 | 2.39 | -0.01 |
Martin ratioReturn relative to average drawdown | 8.06 | 8.08 | -0.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ALAFX | ALGRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 1.56 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.59 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.79 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.43 | +0.38 |
Correlation
The correlation between ALAFX and ALGRX is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ALAFX vs. ALGRX - Dividend Comparison
ALAFX's dividend yield for the trailing twelve months is around 8.73%, which matches ALGRX's 8.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ALAFX Alger Focus Equity A Fund | 8.73% | 7.91% | 0.00% | 0.10% | 0.06% | 14.09% | 6.28% | 1.98% | 5.41% |
ALGRX Alger Focus Equity Fund | 8.65% | 7.84% | 0.00% | 0.10% | 0.06% | 13.98% | 6.25% | 2.08% | 5.38% |
Drawdowns
ALAFX vs. ALGRX - Drawdown Comparison
The maximum ALAFX drawdown since its inception was -43.65%, smaller than the maximum ALGRX drawdown of -62.64%. Use the drawdown chart below to compare losses from any high point for ALAFX and ALGRX.
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Drawdown Indicators
| ALAFX | ALGRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.65% | -62.64% | +18.99% |
Max Drawdown (1Y)Largest decline over 1 year | -17.58% | -17.55% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -43.65% | -43.57% | -0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -43.65% | -43.57% | -0.08% |
Current DrawdownCurrent decline from peak | -13.50% | -13.48% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -18.89% | +11.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.21% | 5.20% | +0.01% |
Volatility
ALAFX vs. ALGRX - Volatility Comparison
Alger Focus Equity A Fund (ALAFX) and Alger Focus Equity Fund (ALGRX) have volatilities of 9.22% and 9.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALAFX | ALGRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.22% | 9.21% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 17.06% | 17.06% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.51% | 27.51% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.16% | 26.14% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.90% | 23.89% | +0.01% |