ALGRX vs. QQQ
Compare and contrast key facts about Alger Focus Equity Fund (ALGRX) and Invesco QQQ (QQQ).
ALGRX is managed by Alger. It was launched on Nov 8, 1993. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALGRX or QQQ.
Correlation
The correlation between ALGRX and QQQ is 0.91, 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. QQQ - Performance Comparison
Key characteristics
ALGRX:
2.14
QQQ:
1.37
ALGRX:
2.67
QQQ:
1.86
ALGRX:
1.37
QQQ:
1.25
ALGRX:
2.95
QQQ:
1.84
ALGRX:
12.57
QQQ:
6.35
ALGRX:
3.71%
QQQ:
3.92%
ALGRX:
21.86%
QQQ:
18.24%
ALGRX:
-64.60%
QQQ:
-82.98%
ALGRX:
-0.63%
QQQ:
0.00%
Returns By Period
In the year-to-date period, ALGRX achieves a 8.15% return, which is significantly higher than QQQ's 5.53% return. Over the past 10 years, ALGRX has underperformed QQQ with an annualized return of 13.87%, while QQQ has yielded a comparatively higher 18.38% annualized return.
ALGRX
8.15%
4.29%
26.06%
49.67%
15.09%
13.87%
QQQ
5.53%
3.41%
12.16%
27.01%
19.41%
18.38%
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ALGRX vs. QQQ - Expense Ratio Comparison
ALGRX has a 0.89% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
ALGRX vs. QQQ — Risk-Adjusted Performance Rank
ALGRX
QQQ
ALGRX vs. QQQ - Risk-Adjusted Performance Comparison
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.
Dividends
ALGRX vs. QQQ - Dividend Comparison
ALGRX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.53%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALGRX Alger Focus Equity Fund | 0.00% | 0.00% | 0.10% | 0.07% | 0.00% | 0.00% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
ALGRX vs. QQQ - Drawdown Comparison
The maximum ALGRX drawdown since its inception was -64.60%, 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. For additional features, visit the drawdowns tool.
Volatility
ALGRX vs. QQQ - Volatility Comparison
Alger Focus Equity Fund (ALGRX) has a higher volatility of 9.35% compared to Invesco QQQ (QQQ) at 4.69%. 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.