ALGRX vs. FTQGX
Compare and contrast key facts about Alger Focus Equity Fund (ALGRX) and Fidelity Focused Stock Fund (FTQGX).
ALGRX is managed by Alger. It was launched on Nov 8, 1993. FTQGX is managed by Fidelity. It was launched on Nov 12, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALGRX or FTQGX.
Key characteristics
| ALGRX | FTQGX | |
|---|---|---|
| YTD Return | 28.98% | 30.41% |
| 1Y Return | 39.44% | 34.88% |
| 3Y Return (Ann) | 6.28% | 8.50% |
| 5Y Return (Ann) | 17.92% | 17.70% |
| 10Y Return (Ann) | 15.37% | 14.83% |
| Sharpe Ratio | 2.10 | 1.82 |
| Daily Std Dev | 18.88% | 19.44% |
| Max Drawdown | -62.22% | -61.00% |
| Current Drawdown | -4.16% | -3.66% |
Correlation
The correlation between ALGRX and FTQGX 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. FTQGX - Performance Comparison
The year-to-date returns for both investments are quite close, with ALGRX having a 28.98% return and FTQGX slightly higher at 30.41%. Both investments have delivered pretty close results over the past 10 years, with ALGRX having a 15.37% annualized return and FTQGX not far behind at 14.83%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ALGRX vs. FTQGX - Expense Ratio Comparison
ALGRX has a 0.89% expense ratio, which is higher than FTQGX's 0.86% expense ratio.
Risk-Adjusted Performance
ALGRX vs. FTQGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Focus Equity Fund (ALGRX) and Fidelity Focused Stock Fund (FTQGX). 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.
Dividends
ALGRX vs. FTQGX - Dividend Comparison
ALGRX's dividend yield for the trailing twelve months is around 0.08%, less than FTQGX's 0.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALGRX Alger Focus Equity Fund | 0.08% | 0.10% | 0.06% | 13.98% | 6.25% | 2.08% | 5.38% | 3.91% | 0.00% | 0.00% | 0.00% | 0.00% |
FTQGX Fidelity Focused Stock Fund | 0.47% | 0.61% | 7.96% | 13.53% | 11.41% | 5.07% | 14.71% | 6.34% | 1.08% | 6.16% | 10.44% | 5.74% |
Drawdowns
ALGRX vs. FTQGX - Drawdown Comparison
The maximum ALGRX drawdown since its inception was -62.22%, roughly equal to the maximum FTQGX drawdown of -61.00%. Use the drawdown chart below to compare losses from any high point for ALGRX and FTQGX. For additional features, visit the drawdowns tool.
Volatility
ALGRX vs. FTQGX - Volatility Comparison
Alger Focus Equity Fund (ALGRX) and Fidelity Focused Stock Fund (FTQGX) have volatilities of 7.54% and 7.50%, 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.