ALGRX vs. ALARX
Compare and contrast key facts about Alger Focus Equity Fund (ALGRX) and Alger Capital Appreciation Institutional Fund (ALARX).
ALGRX is managed by Alger. It was launched on Nov 8, 1993. ALARX is managed by Alger. It was launched on Nov 8, 1993.
Performance
ALGRX vs. ALARX - Performance Comparison
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ALGRX vs. ALARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALGRX Alger Focus Equity Fund | -9.38% | 39.68% | 51.77% | 44.20% | -35.94% | 20.06% | 45.82% | 33.93% | 1.39% | 28.68% |
ALARX Alger Capital Appreciation Institutional Fund | -10.15% | 31.75% | 49.44% | 42.82% | -36.88% | 18.38% | 41.50% | 33.13% | -0.82% | 31.11% |
Returns By Period
In the year-to-date period, ALGRX achieves a -9.38% return, which is significantly higher than ALARX's -10.15% return. Over the past 10 years, ALGRX has outperformed ALARX with an annualized return of 18.86%, while ALARX has yielded a comparatively lower 16.80% annualized return.
ALGRX
- 1D
- 4.94%
- 1M
- -4.35%
- YTD
- -9.38%
- 6M
- -10.38%
- 1Y
- 40.77%
- 3Y*
- 34.16%
- 5Y*
- 15.31%
- 10Y*
- 18.86%
ALARX
- 1D
- 4.97%
- 1M
- -4.89%
- YTD
- -10.15%
- 6M
- -11.34%
- 1Y
- 32.72%
- 3Y*
- 30.55%
- 5Y*
- 12.82%
- 10Y*
- 16.80%
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ALGRX vs. ALARX - Expense Ratio Comparison
ALGRX has a 0.89% expense ratio, which is lower than ALARX's 1.12% expense ratio.
Return for Risk
ALGRX vs. ALARX — Risk / Return Rank
ALGRX
ALARX
ALGRX vs. ALARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Focus Equity Fund (ALGRX) and Alger Capital Appreciation Institutional Fund (ALARX). 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.
| ALGRX | ALARX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | 1.25 | +0.32 |
Sortino ratioReturn per unit of downside risk | 2.20 | 1.85 | +0.35 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.39 | 1.82 | +0.58 |
Martin ratioReturn relative to average drawdown | 8.08 | 6.03 | +2.05 |
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
| ALGRX | ALARX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 1.25 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.46 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.68 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.47 | -0.04 |
Correlation
The correlation between ALGRX and ALARX is 0.96, 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
ALGRX vs. ALARX - Dividend Comparison
ALGRX's dividend yield for the trailing twelve months is around 8.65%, more than ALARX's 7.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALGRX Alger Focus Equity Fund | 8.65% | 7.84% | 0.00% | 0.10% | 0.06% | 13.98% | 6.25% | 2.08% | 5.38% | 0.00% | 0.00% | 0.00% |
ALARX Alger Capital Appreciation Institutional Fund | 7.77% | 6.99% | 13.06% | 8.09% | 3.90% | 19.40% | 16.62% | 10.34% | 12.39% | 6.75% | 0.00% | 7.71% |
Drawdowns
ALGRX vs. ALARX - Drawdown Comparison
The maximum ALGRX drawdown since its inception was -62.64%, smaller than the maximum ALARX drawdown of -68.32%. Use the drawdown chart below to compare losses from any high point for ALGRX and ALARX.
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Drawdown Indicators
| ALGRX | ALARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.64% | -68.32% | +5.68% |
Max Drawdown (1Y)Largest decline over 1 year | -17.55% | -18.65% | +1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -43.57% | -46.86% | +3.29% |
Max Drawdown (10Y)Largest decline over 10 years | -43.57% | -46.86% | +3.29% |
Current DrawdownCurrent decline from peak | -13.48% | -14.61% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -18.89% | -21.07% | +2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.20% | 5.61% | -0.41% |
Volatility
ALGRX vs. ALARX - Volatility Comparison
Alger Focus Equity Fund (ALGRX) and Alger Capital Appreciation Institutional Fund (ALARX) have volatilities of 9.21% and 9.23%, 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 | ALARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.21% | 9.23% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 17.06% | 17.21% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.51% | 27.96% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.14% | 27.79% | -1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.89% | 24.70% | -0.81% |