ALGRX vs. ALAFX
ALGRX (Alger Focus Equity Fund Class I) and ALAFX (Alger Focus Equity A Fund) are both Large Cap Growth Equities funds from Alger. Over the past 10 years, ALGRX returned 20.55%/yr vs 20.50%/yr for ALAFX. Their 1.00 correlation means they have historically moved very closely together. Both charge a 0.95% expense ratio.
Performance
ALGRX vs. ALAFX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ALGRX having a 8.75% return and ALAFX slightly lower at 8.73%. Both investments have delivered pretty close results over the past 10 years, with ALGRX having a 20.55% annualized return and ALAFX not far behind at 20.50%.
ALGRX
- 1D
- 4.69%
- 1M
- -3.70%
- 6M
- 10.37%
- YTD
- 8.75%
- 1Y
- 25.68%
- 3Y*
- 34.90%
- 5Y*
- 17.20%
- 10Y*
- 20.55%
- ALL TIME*
- 10.08%
ALAFX
- 1D
- 4.69%
- 1M
- -3.70%
- 6M
- 10.35%
- YTD
- 8.73%
- 1Y
- 25.61%
- 3Y*
- 34.86%
- 5Y*
- 17.16%
- 10Y*
- 20.50%
- ALL TIME*
- 18.86%
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 |
ALGRX vs. ALAFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALGRX Alger Focus Equity Fund Class I | 8.75% | 39.68% | 51.77% | 44.20% | -35.94% | 20.06% | 45.82% | 33.93% | 1.39% | 28.68% |
ALAFX Alger Focus Equity A Fund | 8.73% | 39.65% | 51.72% | 44.15% | -35.95% | 20.00% | 45.73% | 33.84% | 1.33% | 28.70% |
Correlation
The correlation between ALGRX and ALAFX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 1.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 1.00 |
Correlation (10Y) Provides a long-term view across more market conditions. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 1.00 |
The correlation between ALGRX and ALAFX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
ALGRX vs. ALAFX — Risk / Return Rank
ALGRX
ALAFX
ALGRX vs. ALAFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Focus Equity Fund Class I (ALGRX) and Alger Focus Equity A Fund (ALAFX). 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.
| ALGRX | ALAFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.38 | 0.00 |
| Martin ratioReturn relative to average drawdown | 4.33 | 4.31 | +0.02 |
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Drawdowns
ALGRX vs. ALAFX - Drawdown Comparison
The maximum ALGRX drawdown since its inception was -62.64%, which is greater than ALAFX's maximum drawdown of -43.65%. Use the drawdown chart below to compare losses from any high point for ALGRX and ALAFX.
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Drawdown Indicators
| ALGRX | ALAFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.64% | -43.65% | -18.99% |
Max Drawdown (1Y)Largest decline over 1 year | -17.55% | -17.58% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -26.96% | -26.96% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -43.57% | -43.65% | +0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -43.57% | -43.65% | +0.08% |
Current DrawdownCurrent decline from peak | -7.99% | -8.00% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -18.73% | -7.65% | -11.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.59% | 5.60% | -0.01% |
Volatility
ALGRX vs. ALAFX - Volatility Comparison
Alger Focus Equity Fund Class I (ALGRX) and Alger Focus Equity A Fund (ALAFX) have volatilities of 8.31% and 8.32%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALGRX | ALAFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.31% | 8.32% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 19.09% | 19.09% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.15% | 24.15% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.69% | 26.70% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.23% | 24.24% | -0.01% |
ALGRX vs. ALAFX - Expense Ratio Comparison
Both ALGRX and ALAFX have an expense ratio of 0.95%.
Dividends
ALGRX vs. ALAFX - Dividend Comparison
ALGRX's dividend yield for the trailing twelve months is around 7.21%, which matches ALAFX's 7.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ALAFX Alger Focus Equity A Fund | 7.28% | 7.91% | 0.00% | 0.10% | 0.06% | 14.09% | 6.28% | 1.98% | 5.41% |
ALGRX Alger Focus Equity Fund Class I | 7.21% | 7.84% | 0.00% | 0.10% | 0.06% | 13.98% | 6.25% | 2.08% | 5.38% |
Frequently Asked Questions
With a correlation of 1.00, ALGRX and ALAFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
ALAFX has higher volatility (8.32%) compared to ALGRX (8.31%). In terms of maximum drawdown, ALGRX dropped -62.64% vs ALAFX's -43.65%.
ALGRX currently has the higher Sharpe Ratio (1.01 vs 1.00), 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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