ALGRX vs. ^GSPC
Compare and contrast key facts about Alger Focus Equity Fund (ALGRX) and S&P 500 (^GSPC).
ALGRX is managed by Alger. It was launched on Nov 8, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALGRX or ^GSPC.
Correlation
The correlation between ALGRX and ^GSPC is 0.92, 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.
Performance
ALGRX vs. ^GSPC - Performance Comparison
Key characteristics
ALGRX:
0.42
^GSPC:
0.24
ALGRX:
0.75
^GSPC:
0.47
ALGRX:
1.10
^GSPC:
1.07
ALGRX:
0.45
^GSPC:
0.24
ALGRX:
1.59
^GSPC:
1.08
ALGRX:
7.68%
^GSPC:
4.25%
ALGRX:
29.28%
^GSPC:
19.00%
ALGRX:
-62.22%
^GSPC:
-56.78%
ALGRX:
-22.18%
^GSPC:
-14.02%
Returns By Period
In the year-to-date period, ALGRX achieves a -15.29% return, which is significantly lower than ^GSPC's -10.18% return. Over the past 10 years, ALGRX has outperformed ^GSPC with an annualized return of 14.22%, while ^GSPC has yielded a comparatively lower 9.65% annualized return.
ALGRX
-15.29%
-8.48%
-8.47%
17.90%
15.99%
14.22%
^GSPC
-10.18%
-6.71%
-9.92%
6.35%
13.40%
9.65%
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Risk-Adjusted Performance
ALGRX vs. ^GSPC — Risk-Adjusted Performance Rank
ALGRX
^GSPC
ALGRX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Focus Equity Fund (ALGRX) and S&P 500 (^GSPC). 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.
Drawdowns
ALGRX vs. ^GSPC - Drawdown Comparison
The maximum ALGRX drawdown since its inception was -62.22%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ALGRX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
ALGRX vs. ^GSPC - Volatility Comparison
Alger Focus Equity Fund (ALGRX) has a higher volatility of 17.27% compared to S&P 500 (^GSPC) at 13.60%. This indicates that ALGRX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.