ALGRX vs. FBCG

Last updated Apr 1, 2026

Compare and contrast key facts about Alger Focus Equity Fund (ALGRX) and Fidelity Blue Chip Growth ETF (FBCG).

ALGRX is managed by Alger. It was launched on Nov 8, 1993. FBCG is an actively managed fund by Fidelity. It was launched on Jun 3, 2020.

Performance

ALGRX vs. FBCG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger Focus Equity Fund (ALGRX) and Fidelity Blue Chip Growth ETF (FBCG). The values are adjusted to include any dividend payments, if applicable.

ALGRX vs. FBCG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ALGRX Alger Focus Equity Fund	-13.65%	39.68%	51.77%	44.20%	-35.94%	20.06%	30.22%
FBCG Fidelity Blue Chip Growth ETF	-8.61%	18.60%	39.05%	57.98%	-39.10%	21.34%	42.99%

Returns By Period

In the year-to-date period, ALGRX achieves a -13.65% return, which is significantly lower than FBCG's -8.61% return.

ALGRX

• 1D: -1.70%
• 1M: -9.05%
• YTD: -13.65%
• 6M: -14.17%
• 1Y: 36.06%
• 3Y*: 32.03%
• 5Y*: 14.72%
• 10Y*: 18.29%

FBCG

• 1D: 4.81%
• 1M: -5.43%
• YTD: -8.61%
• 6M: -6.56%
• 1Y: 25.45%
• 3Y*: 25.41%
• 5Y*: 10.98%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ALGRX vs. FBCG - Expense Ratio Comparison

ALGRX has a 0.89% expense ratio, which is higher than FBCG's 0.59% expense ratio.

ALGRX

Alger Focus Equity Fund

FBCG

Fidelity Blue Chip Growth ETF

Return for Risk

ALGRX vs. FBCG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALGRX

ALGRX Risk / Return Rank: 73
ALGRX Sharpe Ratio Rank: 75
ALGRX Sortino Ratio Rank: 77
ALGRX Omega Ratio Rank: 69
ALGRX Calmar Ratio Rank: 79
ALGRX Martin Ratio Rank: 66

FBCG

FBCG Risk / Return Rank: 64
FBCG Sharpe Ratio Rank: 59
FBCG Sortino Ratio Rank: 64
FBCG Omega Ratio Rank: 62
FBCG Calmar Ratio Rank: 69
FBCG Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ALGRX vs. FBCG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger Focus Equity Fund (ALGRX) and Fidelity Blue Chip Growth ETF (FBCG). 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	FBCG	Difference
Sharpe ratio Return per unit of total volatility	1.31	0.97	+0.34
Sortino ratio Return per unit of downside risk	1.89	1.54	+0.36
Omega ratio Gain probability vs. loss probability	1.25	1.22	+0.04
Calmar ratio Return relative to maximum drawdown	1.85	1.65	+0.20
Martin ratio Return relative to average drawdown	6.32	5.92	+0.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ALGRX vs. FBCG - Sharpe Ratio Comparison

The current ALGRX Sharpe Ratio is 1.31, which is higher than the FBCG Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of ALGRX and FBCG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ALGRX	FBCG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	0.97	+0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.43	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.67	-0.24

Correlation

The correlation between ALGRX and FBCG 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. FBCG - Dividend Comparison

ALGRX's dividend yield for the trailing twelve months is around 9.08%, more than FBCG's 0.05% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ALGRX Alger Focus Equity Fund	9.08%	7.84%	0.00%	0.10%	0.06%	13.98%	6.25%	2.08%	5.38%
FBCG Fidelity Blue Chip Growth ETF	0.05%	0.05%	0.12%	0.02%	0.00%	0.00%	0.01%	0.00%	0.00%

Drawdowns

ALGRX vs. FBCG - Drawdown Comparison

The maximum ALGRX drawdown since its inception was -62.64%, which is greater than FBCG's maximum drawdown of -43.56%. Use the drawdown chart below to compare losses from any high point for ALGRX and FBCG.

Drawdown Indicators

	ALGRX	FBCG	Difference
Max Drawdown Largest peak-to-trough decline	-62.64%	-43.56%	-19.08%
Max Drawdown (1Y) Largest decline over 1 year	-17.55%	-15.17%	-2.38%
Max Drawdown (5Y) Largest decline over 5 years	-43.57%	-43.56%	-0.01%
Max Drawdown (10Y) Largest decline over 10 years	-43.57%	—	—
Current Drawdown Current decline from peak	-17.55%	-11.09%	-6.46%
Average Drawdown Average peak-to-trough decline	-18.89%	-11.79%	-7.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.13%	4.23%	+0.90%

Volatility

ALGRX vs. FBCG - Volatility Comparison

The current volatility for Alger Focus Equity Fund (ALGRX) is 7.55%, while Fidelity Blue Chip Growth ETF (FBCG) has a volatility of 8.22%. This indicates that ALGRX experiences smaller price fluctuations and is considered to be less risky than FBCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALGRX	FBCG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.55%	8.22%	-0.67%
Volatility (6M) Calculated over the trailing 6-month period	16.38%	14.74%	+1.64%
Volatility (1Y) Calculated over the trailing 1-year period	27.14%	26.28%	+0.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.06%	25.82%	+0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.84%	25.92%	-2.08%