ALAFX vs. TVRIX
Compare and contrast key facts about Alger Focus Equity A Fund (ALAFX) and Guggenheim Directional Allocation Fund (TVRIX).
ALAFX is an actively managed fund by Alger. It was launched on Nov 8, 1993. TVRIX is managed by Guggenheim. It was launched on Jun 18, 2012.
Performance
ALAFX vs. TVRIX - Performance Comparison
Loading graphics...
ALAFX vs. TVRIX - 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% |
TVRIX Guggenheim Directional Allocation Fund | -7.13% | 13.83% | 7.87% | 11.00% | -17.53% | 27.30% | 5.08% | 30.45% | -7.53% | 23.45% |
Returns By Period
In the year-to-date period, ALAFX achieves a -13.66% return, which is significantly lower than TVRIX's -7.13% return. Over the past 10 years, ALAFX has outperformed TVRIX with an annualized return of 18.24%, while TVRIX has yielded a comparatively lower 8.46% 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%
TVRIX
- 1D
- -0.65%
- 1M
- -6.83%
- YTD
- -7.13%
- 6M
- -4.50%
- 1Y
- 9.48%
- 3Y*
- 7.90%
- 5Y*
- 4.51%
- 10Y*
- 8.46%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ALAFX vs. TVRIX - Expense Ratio Comparison
ALAFX has a 0.95% expense ratio, which is lower than TVRIX's 1.09% expense ratio.
Return for Risk
ALAFX vs. TVRIX — Risk / Return Rank
ALAFX
TVRIX
ALAFX vs. TVRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Focus Equity A Fund (ALAFX) and Guggenheim Directional Allocation Fund (TVRIX). 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 | TVRIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | 0.80 | +0.51 |
Sortino ratioReturn per unit of downside risk | 1.89 | 1.18 | +0.71 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.17 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.01 | +0.83 |
Martin ratioReturn relative to average drawdown | 6.30 | 4.24 | +2.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| ALAFX | TVRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 0.80 | +0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.31 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.48 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.54 | +0.25 |
Correlation
The correlation between ALAFX and TVRIX is 0.82, 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. TVRIX - Dividend Comparison
ALAFX's dividend yield for the trailing twelve months is around 9.16%, less than TVRIX's 10.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ALAFX Alger Focus Equity A Fund | 9.16% | 7.91% | 0.00% | 0.10% | 0.06% | 14.09% | 6.28% | 1.98% | 5.41% |
TVRIX Guggenheim Directional Allocation Fund | 10.38% | 9.64% | 0.00% | 2.03% | 0.71% | 14.34% | 0.30% | 16.62% | 14.33% |
Drawdowns
ALAFX vs. TVRIX - Drawdown Comparison
The maximum ALAFX drawdown since its inception was -43.65%, which is greater than TVRIX's maximum drawdown of -39.36%. Use the drawdown chart below to compare losses from any high point for ALAFX and TVRIX.
Loading graphics...
Drawdown Indicators
| ALAFX | TVRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.65% | -39.36% | -4.29% |
Max Drawdown (1Y)Largest decline over 1 year | -17.58% | -8.45% | -9.13% |
Max Drawdown (5Y)Largest decline over 5 years | -43.65% | -24.87% | -18.78% |
Max Drawdown (10Y)Largest decline over 10 years | -43.65% | -39.36% | -4.29% |
Current DrawdownCurrent decline from peak | -17.58% | -11.36% | -6.22% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -6.10% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.14% | 2.02% | +3.12% |
Volatility
ALAFX vs. TVRIX - Volatility Comparison
Alger Focus Equity A Fund (ALAFX) has a higher volatility of 7.56% compared to Guggenheim Directional Allocation Fund (TVRIX) at 3.48%. This indicates that ALAFX's price experiences larger fluctuations and is considered to be riskier than TVRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| ALAFX | TVRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 3.48% | +4.08% |
Volatility (6M)Calculated over the trailing 6-month period | 16.38% | 7.45% | +8.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.14% | 12.40% | +14.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.07% | 14.42% | +11.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.85% | 17.79% | +6.06% |