ALAFX vs. SCHG
Compare and contrast key facts about Alger Focus Equity A Fund (ALAFX) and Schwab U.S. Large-Cap Growth ETF (SCHG).
ALAFX is an actively managed fund by Alger. It was launched on Nov 8, 1993. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. It was launched on Dec 11, 2009.
Performance
ALAFX vs. SCHG - Performance Comparison
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ALAFX vs. SCHG - 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% |
SCHG Schwab U.S. Large-Cap Growth ETF | -9.73% | 17.50% | 34.95% | 50.10% | -31.80% | 28.11% | 39.14% | 36.02% | -1.36% | 28.05% |
Returns By Period
The year-to-date returns for both stocks are quite close, with ALAFX having a -9.39% return and SCHG slightly lower at -9.73%. Over the past 10 years, ALAFX has outperformed SCHG with an annualized return of 18.81%, while SCHG has yielded a comparatively lower 16.95% 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%
SCHG
- 1D
- 0.96%
- 1M
- -4.46%
- YTD
- -9.73%
- 6M
- -8.15%
- 1Y
- 17.00%
- 3Y*
- 22.30%
- 5Y*
- 12.76%
- 10Y*
- 16.95%
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ALAFX vs. SCHG - Expense Ratio Comparison
ALAFX has a 0.95% expense ratio, which is higher than SCHG's 0.04% expense ratio.
Return for Risk
ALAFX vs. SCHG — Risk / Return Rank
ALAFX
SCHG
ALAFX vs. SCHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Focus Equity A Fund (ALAFX) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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 | SCHG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | 0.76 | +0.80 |
Sortino ratioReturn per unit of downside risk | 2.20 | 1.24 | +0.95 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.17 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.39 | 1.09 | +1.29 |
Martin ratioReturn relative to average drawdown | 8.06 | 3.71 | +4.35 |
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 | SCHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 0.76 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.57 | +0.01 |
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 | 0.79 | +0.02 |
Correlation
The correlation between ALAFX and SCHG is 0.96, 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. SCHG - Dividend Comparison
ALAFX's dividend yield for the trailing twelve months is around 8.73%, more than SCHG's 0.43% 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% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.43% | 0.36% | 0.39% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% |
Drawdowns
ALAFX vs. SCHG - Drawdown Comparison
The maximum ALAFX drawdown since its inception was -43.65%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for ALAFX and SCHG.
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Drawdown Indicators
| ALAFX | SCHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.65% | -34.59% | -9.06% |
Max Drawdown (1Y)Largest decline over 1 year | -17.58% | -16.41% | -1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -43.65% | -34.59% | -9.06% |
Max Drawdown (10Y)Largest decline over 10 years | -43.65% | -34.59% | -9.06% |
Current DrawdownCurrent decline from peak | -13.50% | -12.51% | -0.99% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -5.22% | -2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.21% | 4.84% | +0.37% |
Volatility
ALAFX vs. SCHG - Volatility Comparison
Alger Focus Equity A Fund (ALAFX) has a higher volatility of 9.22% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 6.77%. This indicates that ALAFX's price experiences larger fluctuations and is considered to be riskier than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALAFX | SCHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.22% | 6.77% | +2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 17.06% | 12.54% | +4.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.51% | 22.45% | +5.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.16% | 22.31% | +3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.90% | 21.51% | +2.39% |