ALGRX vs. QQQ

In the year-to-date period, ALGRX achieves a 6.54% return, which is significantly higher than QQQ's 1.85% return. Both investments have delivered pretty close results over the past 10 years, with ALGRX having a 16.83% annualized return and QQQ not far ahead at 17.67%.

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ALGRX has a 0.89% expense ratio, which is higher than QQQ's 0.20% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Alger Focus Equity Fund (ALGRX) and Invesco QQQ (QQQ). 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.

The current ALGRX Sharpe Ratio is 1.03, which is higher than the QQQ Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of ALGRX and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

ALGRX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.57%.

The maximum ALGRX drawdown since its inception was -62.22%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ALGRX and QQQ.

Alger Focus Equity Fund (ALGRX) has a higher volatility of 6.75% compared to Invesco QQQ (QQQ) at 5.60%. This indicates that ALGRX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.