ALGRX vs. IVES

Last updated Jun 5, 2026

ALGRX (Alger Focus Equity Fund) and IVES (Dan IVES Wedbush AI Revolution ETF) are both funds - ALGRX is a Large Cap Growth Equities fund managed by Alger, while IVES is a Technology Equities fund tracking the Solactive Wedbush Artificial Intelligence Index. Over the past year, ALGRX returned 47.00% vs 57.58% for IVES. Their correlation of 0.86 suggests significant overlap in exposure. ALGRX charges 0.89%/yr vs 0.75%/yr for IVES.

Performance

ALGRX vs. IVES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger Focus Equity Fund (ALGRX) and Dan IVES Wedbush AI Revolution ETF (IVES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALGRX achieves a 15.62% return, which is significantly lower than IVES's 26.00% return.

ALGRX

• 1D: -1.29%
• 1M: 7.05%
• YTD: 15.62%
• 6M: 14.20%
• 1Y: 47.00%
• 3Y*: 41.01%
• 5Y*: 20.23%
• 10Y*: 21.66%

IVES

• 1D: -0.90%
• 1M: 16.50%
• YTD: 26.00%
• 6M: 22.83%
• 1Y: 57.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ALGRX vs. IVES - Yearly Performance Comparison

	2026 (YTD)	2025
ALGRX Alger Focus Equity Fund	15.62%	27.14%
IVES Dan IVES Wedbush AI Revolution ETF	26.00%	25.06%

Correlation

The correlation between ALGRX and IVES is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.86

Return for Risk

ALGRX vs. IVES — Risk / Return Rank

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

ALGRX

ALGRX Risk / Return Rank: 50
ALGRX Sharpe Ratio Rank: 59
ALGRX Sortino Ratio Rank: 47
ALGRX Omega Ratio Rank: 45
ALGRX Calmar Ratio Rank: 52
ALGRX Martin Ratio Rank: 45

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. IVES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger Focus Equity Fund (ALGRX) and Dan IVES Wedbush AI Revolution ETF (IVES). 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	IVES	Difference
Sharpe ratio: Return per unit of total volatility	2.28	—	—
Sortino ratio: Return per unit of downside risk	2.91	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	2.77	—	—
Martin ratio: Return relative to average drawdown	9.42	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ALGRX	IVES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.91	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	2.25	-1.79

Drawdowns

ALGRX vs. IVES - Drawdown Comparison

The maximum ALGRX drawdown since its inception was -62.64%, which is greater than IVES's maximum drawdown of -22.64%. Use the drawdown chart below to compare losses from any high point for ALGRX and IVES.

Drawdown Indicators

	ALGRX	IVES	Difference
Max Drawdown Largest peak-to-trough decline	-62.64%	-22.64%	-40.00%
Max Drawdown (1Y) Largest decline over 1 year	-17.55%	-22.64%	+5.09%
Max Drawdown (3Y) Largest decline over 3 years	-26.96%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-43.57%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-43.57%	—	—
Current Drawdown Current decline from peak	-1.83%	-4.55%	+2.72%
Average Drawdown Average peak-to-trough decline	-18.80%	-5.62%	-13.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.15%	—	—

Volatility

Volatility by Period

	ALGRX	IVES	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.28%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.07%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.40%	25.74%	-4.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.16%	25.74%	+0.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.98%	25.74%	-1.76%

ALGRX vs. IVES - Expense Ratio Comparison

ALGRX has a 0.89% expense ratio, which is higher than IVES's 0.75% expense ratio.

Dividends

ALGRX vs. IVES - Dividend Comparison

ALGRX's dividend yield for the trailing twelve months is around 6.78%, more than IVES's 0.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ALGRX Alger Focus Equity Fund	6.78%	7.84%	0.00%	0.10%	0.06%	13.98%	6.25%	2.08%	5.38%
IVES Dan IVES Wedbush AI Revolution ETF	0.33%	0.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ALGRX and IVES in my portfolio?

ALGRX and IVES have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.