ALAFX vs. VOO
Compare and contrast key facts about Alger Focus Equity A Fund (ALAFX) and Vanguard S&P 500 ETF (VOO).
ALAFX is an actively managed fund by Alger. It was launched on Nov 8, 1993. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
ALAFX vs. VOO - Performance Comparison
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ALAFX vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | -4.42% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, ALAFX achieves a -13.66% return, which is significantly lower than VOO's -4.42% return. Over the past 10 years, ALAFX has outperformed VOO with an annualized return of 18.24%, while VOO has yielded a comparatively lower 14.05% 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%
VOO
- 1D
- 2.86%
- 1M
- -5.01%
- YTD
- -4.42%
- 6M
- -1.84%
- 1Y
- 17.67%
- 3Y*
- 18.27%
- 5Y*
- 11.75%
- 10Y*
- 14.05%
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ALAFX vs. VOO - Expense Ratio Comparison
ALAFX has a 0.95% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
ALAFX vs. VOO — Risk / Return Rank
ALAFX
VOO
ALAFX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Focus Equity A Fund (ALAFX) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | 0.98 | +0.33 |
Sortino ratioReturn per unit of downside risk | 1.89 | 1.50 | +0.39 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.53 | +0.31 |
Martin ratioReturn relative to average drawdown | 6.30 | 7.29 | -0.99 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 0.98 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.70 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.78 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.83 | -0.04 |
Correlation
The correlation between ALAFX and VOO is 0.89, 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. VOO - Dividend Comparison
ALAFX's dividend yield for the trailing twelve months is around 9.16%, more than VOO's 1.19% 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% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
ALAFX vs. VOO - Drawdown Comparison
The maximum ALAFX drawdown since its inception was -43.65%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ALAFX and VOO.
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Drawdown Indicators
| ALAFX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.65% | -33.99% | -9.66% |
Max Drawdown (1Y)Largest decline over 1 year | -17.58% | -11.98% | -5.60% |
Max Drawdown (5Y)Largest decline over 5 years | -43.65% | -24.52% | -19.13% |
Max Drawdown (10Y)Largest decline over 10 years | -43.65% | -33.99% | -9.66% |
Current DrawdownCurrent decline from peak | -17.58% | -6.29% | -11.29% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -3.72% | -4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.14% | 2.52% | +2.62% |
Volatility
ALAFX vs. VOO - Volatility Comparison
Alger Focus Equity A Fund (ALAFX) has a higher volatility of 7.56% compared to Vanguard S&P 500 ETF (VOO) at 5.29%. This indicates that ALAFX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALAFX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 5.29% | +2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 16.38% | 9.44% | +6.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.14% | 18.10% | +9.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.07% | 16.82% | +9.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.85% | 17.99% | +5.86% |