ALFAX vs. HRSMX
ALFAX (Lord Abbett Alpha Strategy Fund) and HRSMX (Hood River Small-Cap Growth Fund) are both Small Cap Growth Equities funds. Over the past 10 years, ALFAX returned 9.97%/yr vs 18.25%/yr for HRSMX. Their correlation of 0.93 means they have usually moved in the same direction. ALFAX charges 1.40%/yr vs 1.09%/yr for HRSMX.
Performance
ALFAX vs. HRSMX - Performance Comparison
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Returns By Period
In the year-to-date period, ALFAX achieves a 16.08% return, which is significantly lower than HRSMX's 19.18% return. Over the past 10 years, ALFAX has underperformed HRSMX with an annualized return of 9.97%, while HRSMX has yielded a comparatively higher 18.25% annualized return.
ALFAX
- 1D
- 0.06%
- 1M
- -3.23%
- 6M
- 9.67%
- YTD
- 16.08%
- 1Y
- 25.19%
- 3Y*
- 12.91%
- 5Y*
- 4.93%
- 10Y*
- 9.97%
- ALL TIME*
- 8.47%
HRSMX
- 1D
- -1.18%
- 1M
- -9.70%
- 6M
- 8.79%
- YTD
- 19.18%
- 1Y
- 46.99%
- 3Y*
- 27.12%
- 5Y*
- 13.16%
- 10Y*
- 18.25%
- ALL TIME*
- 13.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ALFAX vs. HRSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALFAX Lord Abbett Alpha Strategy Fund | 16.08% | 8.80% | 13.18% | 13.92% | -23.50% | 15.01% | 26.16% | 24.95% | -9.72% | 20.61% |
HRSMX Hood River Small-Cap Growth Fund | 19.18% | 23.85% | 35.48% | 21.52% | -27.99% | 23.19% | 60.80% | 24.13% | -6.91% | 20.60% |
Correlation
The correlation between ALFAX and HRSMX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 6, 2003 | 0.93 |
The correlation between ALFAX and HRSMX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
ALFAX vs. HRSMX — Risk / Return Rank
ALFAX
HRSMX
ALFAX vs. HRSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Alpha Strategy Fund (ALFAX) and Hood River Small-Cap Growth Fund (HRSMX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ALFAX | HRSMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 2.79 | -0.50 |
| Martin ratioReturn relative to average drawdown | 7.77 | 10.90 | -3.13 |
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Drawdowns
ALFAX vs. HRSMX - Drawdown Comparison
The maximum ALFAX drawdown since its inception was -57.11%, smaller than the maximum HRSMX drawdown of -64.92%. Use the drawdown chart below to compare losses from any high point for ALFAX and HRSMX.
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Drawdown Indicators
| ALFAX | HRSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.11% | -64.92% | +7.81% |
Max Drawdown (1Y)Largest decline over 1 year | -10.31% | -15.78% | +5.47% |
Max Drawdown (3Y)Largest decline over 3 years | -25.01% | -33.04% | +8.03% |
Max Drawdown (5Y)Largest decline over 5 years | -33.88% | -38.49% | +4.61% |
Max Drawdown (10Y)Largest decline over 10 years | -40.29% | -40.74% | +0.45% |
Current DrawdownCurrent decline from peak | -5.72% | -13.57% | +7.85% |
Average DrawdownAverage peak-to-trough decline | -12.81% | -13.02% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 4.03% | -1.00% |
Volatility
ALFAX vs. HRSMX - Volatility Comparison
The current volatility for Lord Abbett Alpha Strategy Fund (ALFAX) is 5.52%, while Hood River Small-Cap Growth Fund (HRSMX) has a volatility of 9.06%. This indicates that ALFAX experiences smaller price fluctuations and is considered to be less risky than HRSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALFAX | HRSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.52% | 9.06% | -3.54% |
Volatility (6M)Calculated over the trailing 6-month period | 14.96% | 23.37% | -8.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.48% | 28.87% | -10.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.02% | 27.66% | -7.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.75% | 26.16% | -5.41% |
ALFAX vs. HRSMX - Expense Ratio Comparison
ALFAX has a 1.40% expense ratio, which is higher than HRSMX's 1.09% expense ratio.
Dividends
ALFAX vs. HRSMX - Dividend Comparison
ALFAX's dividend yield for the trailing twelve months is around 4.57%, more than HRSMX's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALFAX Lord Abbett Alpha Strategy Fund | 4.57% | 5.30% | 0.80% | 0.46% | 6.94% | 5.38% | 7.99% | 14.66% | 16.61% | 11.96% | 11.85% | 15.83% |
HRSMX Hood River Small-Cap Growth Fund | 3.55% | 4.23% | 3.75% | 0.00% | 0.00% | 19.96% | 6.28% | 0.00% | 4.59% | 6.74% | 0.00% | 5.73% |
Frequently Asked Questions
ALFAX and HRSMX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HRSMX has higher volatility (9.06%) compared to ALFAX (5.52%). In terms of maximum drawdown, ALFAX dropped -57.11% vs HRSMX's -64.92%.
HRSMX currently has the higher Sharpe Ratio (1.52 vs 1.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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