ALAFX vs. BPTRX
Compare and contrast key facts about Alger Focus Equity A Fund (ALAFX) and Baron Partners Fund (BPTRX).
ALAFX is an actively managed fund by Alger. It was launched on Nov 8, 1993. BPTRX is managed by Baron Capital Group, Inc.. It was launched on Apr 30, 2003.
Performance
ALAFX vs. BPTRX - Performance Comparison
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ALAFX vs. BPTRX - 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% |
BPTRX Baron Partners Fund | -5.39% | 24.54% | 32.75% | 43.09% | -42.53% | 31.35% | 148.81% | 44.99% | -2.01% | 31.54% |
Returns By Period
In the year-to-date period, ALAFX achieves a -9.39% return, which is significantly lower than BPTRX's -5.39% return. Over the past 10 years, ALAFX has underperformed BPTRX with an annualized return of 18.81%, while BPTRX has yielded a comparatively higher 23.66% annualized return.
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%
BPTRX
- 1D
- 2.10%
- 1M
- -5.26%
- YTD
- -5.39%
- 6M
- 11.85%
- 1Y
- 41.12%
- 3Y*
- 21.98%
- 5Y*
- 10.95%
- 10Y*
- 23.66%
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ALAFX vs. BPTRX - Expense Ratio Comparison
ALAFX has a 0.95% expense ratio, which is lower than BPTRX's 1.36% expense ratio.
Return for Risk
ALAFX vs. BPTRX — Risk / Return Rank
ALAFX
BPTRX
ALAFX vs. BPTRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Focus Equity A Fund (ALAFX) and Baron Partners Fund (BPTRX). 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 | BPTRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | 1.29 | +0.27 |
Sortino ratioReturn per unit of downside risk | 2.20 | 2.38 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.30 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.39 | 2.85 | -0.47 |
Martin ratioReturn relative to average drawdown | 8.06 | 10.35 | -2.29 |
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 | BPTRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 1.29 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.32 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.73 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.55 | +0.26 |
Correlation
The correlation between ALAFX and BPTRX is 0.74, 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. BPTRX - Dividend Comparison
ALAFX's dividend yield for the trailing twelve months is around 8.73%, more than BPTRX's 3.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALAFX Alger Focus Equity A Fund | 8.73% | 7.91% | 0.00% | 0.10% | 0.06% | 14.09% | 6.28% | 1.98% | 5.41% | 0.00% | 0.00% | 0.00% |
BPTRX Baron Partners Fund | 3.55% | 3.36% | 0.76% | 0.00% | 3.19% | 7.72% | 3.67% | 0.26% | 0.00% | 0.00% | 0.00% | 0.35% |
Drawdowns
ALAFX vs. BPTRX - Drawdown Comparison
The maximum ALAFX drawdown since its inception was -43.65%, smaller than the maximum BPTRX drawdown of -64.11%. Use the drawdown chart below to compare losses from any high point for ALAFX and BPTRX.
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Drawdown Indicators
| ALAFX | BPTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.65% | -64.11% | +20.46% |
Max Drawdown (1Y)Largest decline over 1 year | -17.58% | -14.79% | -2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -43.65% | -49.87% | +6.22% |
Max Drawdown (10Y)Largest decline over 10 years | -43.65% | -51.26% | +7.61% |
Current DrawdownCurrent decline from peak | -13.50% | -8.65% | -4.85% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -13.82% | +6.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.21% | 4.08% | +1.13% |
Volatility
ALAFX vs. BPTRX - Volatility Comparison
Alger Focus Equity A Fund (ALAFX) has a higher volatility of 9.22% compared to Baron Partners Fund (BPTRX) at 4.78%. This indicates that ALAFX's price experiences larger fluctuations and is considered to be riskier than BPTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALAFX | BPTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.22% | 4.78% | +4.44% |
Volatility (6M)Calculated over the trailing 6-month period | 17.06% | 22.21% | -5.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.51% | 33.35% | -5.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.16% | 33.90% | -7.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.90% | 32.72% | -8.82% |