ALGRX vs. SPY
Compare and contrast key facts about Alger Focus Equity Fund (ALGRX) and State Street SPDR S&P 500 ETF (SPY).
ALGRX is managed by Alger. It was launched on Nov 8, 1993. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
ALGRX vs. SPY - Performance Comparison
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ALGRX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALGRX Alger Focus Equity Fund | -9.38% | 39.68% | 51.77% | 44.20% | -35.94% | 20.06% | 45.82% | 33.93% | 1.39% | 28.68% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, ALGRX achieves a -9.38% return, which is significantly lower than SPY's -3.65% return. Over the past 10 years, ALGRX has outperformed SPY with an annualized return of 18.86%, while SPY has yielded a comparatively lower 14.06% annualized return.
ALGRX
- 1D
- 4.94%
- 1M
- -4.35%
- YTD
- -9.38%
- 6M
- -10.38%
- 1Y
- 40.77%
- 3Y*
- 34.16%
- 5Y*
- 15.31%
- 10Y*
- 18.86%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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ALGRX vs. SPY - Expense Ratio Comparison
ALGRX has a 0.89% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
ALGRX vs. SPY — Risk / Return Rank
ALGRX
SPY
ALGRX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Focus Equity Fund (ALGRX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | 0.96 | +0.61 |
Sortino ratioReturn per unit of downside risk | 2.20 | 1.49 | +0.71 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.23 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.39 | 1.53 | +0.86 |
Martin ratioReturn relative to average drawdown | 8.08 | 7.27 | +0.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ALGRX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 0.96 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.70 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.79 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.56 | -0.13 |
Correlation
The correlation between ALGRX and SPY is 0.89, 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. SPY - Dividend Comparison
ALGRX's dividend yield for the trailing twelve months is around 8.65%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALGRX Alger Focus Equity Fund | 8.65% | 7.84% | 0.00% | 0.10% | 0.06% | 13.98% | 6.25% | 2.08% | 5.38% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
ALGRX vs. SPY - Drawdown Comparison
The maximum ALGRX drawdown since its inception was -62.64%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ALGRX and SPY.
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Drawdown Indicators
| ALGRX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.64% | -55.19% | -7.45% |
Max Drawdown (1Y)Largest decline over 1 year | -17.55% | -12.05% | -5.50% |
Max Drawdown (5Y)Largest decline over 5 years | -43.57% | -24.50% | -19.07% |
Max Drawdown (10Y)Largest decline over 10 years | -43.57% | -33.72% | -9.85% |
Current DrawdownCurrent decline from peak | -13.48% | -5.53% | -7.95% |
Average DrawdownAverage peak-to-trough decline | -18.89% | -9.09% | -9.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.20% | 2.54% | +2.66% |
Volatility
ALGRX vs. SPY - Volatility Comparison
Alger Focus Equity Fund (ALGRX) has a higher volatility of 9.21% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that ALGRX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALGRX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.21% | 5.35% | +3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 17.06% | 9.50% | +7.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.51% | 19.06% | +8.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.14% | 17.06% | +9.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.89% | 17.92% | +5.97% |