ALAFX vs. SPECX
Compare and contrast key facts about Alger Focus Equity A Fund (ALAFX) and Alger Spectra Fund (SPECX).
ALAFX is an actively managed fund by Alger. It was launched on Nov 8, 1993. SPECX is managed by Alger. It was launched on Jul 28, 1969.
Performance
ALAFX vs. SPECX - Performance Comparison
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ALAFX vs. SPECX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALAFX Alger Focus Equity A Fund | -13.66% | 39.65% | 51.72% | 44.15% | -35.95% | 20.00% | 45.73% | 33.84% | 1.33% | 28.70% |
SPECX Alger Spectra Fund | -15.14% | 29.16% | 47.52% | 41.34% | -39.37% | 12.61% | 43.66% | 32.15% | -0.82% | 31.11% |
Returns By Period
In the year-to-date period, ALAFX achieves a -13.66% return, which is significantly higher than SPECX's -15.14% return. Over the past 10 years, ALAFX has outperformed SPECX with an annualized return of 18.24%, while SPECX has yielded a comparatively lower 14.53% annualized return.
ALAFX
- 1D
- -1.70%
- 1M
- -9.07%
- YTD
- -13.66%
- 6M
- -14.20%
- 1Y
- 35.99%
- 3Y*
- 31.99%
- 5Y*
- 14.69%
- 10Y*
- 18.24%
SPECX
- 1D
- -1.46%
- 1M
- -9.64%
- YTD
- -15.14%
- 6M
- -16.34%
- 1Y
- 25.34%
- 3Y*
- 26.11%
- 5Y*
- 9.62%
- 10Y*
- 14.53%
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ALAFX vs. SPECX - Expense Ratio Comparison
ALAFX has a 0.95% expense ratio, which is lower than SPECX's 1.39% expense ratio.
Return for Risk
ALAFX vs. SPECX — Risk / Return Rank
ALAFX
SPECX
ALAFX vs. SPECX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Focus Equity A Fund (ALAFX) and Alger Spectra Fund (SPECX). 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 | SPECX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | 0.88 | +0.43 |
Sortino ratioReturn per unit of downside risk | 1.89 | 1.39 | +0.50 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.19 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.06 | +0.78 |
Martin ratioReturn relative to average drawdown | 6.30 | 3.51 | +2.79 |
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 | SPECX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 0.88 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.30 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.53 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.46 | +0.33 |
Correlation
The correlation between ALAFX and SPECX is 0.99, 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. SPECX - Dividend Comparison
ALAFX's dividend yield for the trailing twelve months is around 9.16%, more than SPECX's 8.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALAFX Alger Focus Equity A Fund | 9.16% | 7.91% | 0.00% | 0.10% | 0.06% | 14.09% | 6.28% | 1.98% | 5.41% | 0.00% | 0.00% | 0.00% |
SPECX Alger Spectra Fund | 8.80% | 7.47% | 6.49% | 0.00% | 2.70% | 34.41% | 9.19% | 7.20% | 12.09% | 6.14% | 0.00% | 8.80% |
Drawdowns
ALAFX vs. SPECX - Drawdown Comparison
The maximum ALAFX drawdown since its inception was -43.65%, smaller than the maximum SPECX drawdown of -72.19%. Use the drawdown chart below to compare losses from any high point for ALAFX and SPECX.
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Drawdown Indicators
| ALAFX | SPECX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.65% | -72.19% | +28.54% |
Max Drawdown (1Y)Largest decline over 1 year | -17.58% | -20.03% | +2.45% |
Max Drawdown (5Y)Largest decline over 5 years | -43.65% | -54.82% | +11.17% |
Max Drawdown (10Y)Largest decline over 10 years | -43.65% | -54.82% | +11.17% |
Current DrawdownCurrent decline from peak | -17.58% | -20.03% | +2.45% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -24.16% | +16.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.14% | 6.06% | -0.92% |
Volatility
ALAFX vs. SPECX - Volatility Comparison
Alger Focus Equity A Fund (ALAFX) and Alger Spectra Fund (SPECX) have volatilities of 7.56% and 7.79%, 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 | SPECX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 7.79% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 16.38% | 17.03% | -0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.14% | 27.87% | -0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.07% | 32.64% | -6.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.85% | 27.72% | -3.87% |