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:
1.92
^GSPC:
1.62
ALGRX:
2.43
^GSPC:
2.20
ALGRX:
1.34
^GSPC:
1.30
ALGRX:
2.69
^GSPC:
2.46
ALGRX:
11.41
^GSPC:
10.01
ALGRX:
3.73%
^GSPC:
2.08%
ALGRX:
22.16%
^GSPC:
12.88%
ALGRX:
-64.60%
^GSPC:
-56.78%
ALGRX:
-5.38%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, ALGRX achieves a 2.99% return, which is significantly higher than ^GSPC's 2.24% return. Over the past 10 years, ALGRX has outperformed ^GSPC with an annualized return of 13.33%, while ^GSPC has yielded a comparatively lower 11.04% annualized return.
ALGRX
2.99%
-4.19%
20.33%
37.99%
13.94%
13.33%
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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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 -64.60%, 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 9.76% compared to S&P 500 (^GSPC) at 3.43%. 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.