ALGRX vs. SPY
Compare and contrast key facts about Alger Focus Equity Fund (ALGRX) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALGRX or SPY.
Correlation
The correlation between ALGRX and SPY is 0.90, 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. SPY - Performance Comparison
Key characteristics
ALGRX:
0.42
SPY:
0.30
ALGRX:
0.75
SPY:
0.56
ALGRX:
1.10
SPY:
1.08
ALGRX:
0.45
SPY:
0.31
ALGRX:
1.59
SPY:
1.40
ALGRX:
7.68%
SPY:
4.18%
ALGRX:
29.28%
SPY:
19.64%
ALGRX:
-62.22%
SPY:
-55.19%
ALGRX:
-22.18%
SPY:
-13.86%
Returns By Period
In the year-to-date period, ALGRX achieves a -15.29% return, which is significantly lower than SPY's -9.91% return. Over the past 10 years, ALGRX has outperformed SPY with an annualized return of 14.22%, while SPY has yielded a comparatively lower 11.54% annualized return.
ALGRX
-15.29%
-8.48%
-8.47%
17.90%
15.99%
14.22%
SPY
-9.91%
-6.63%
-9.38%
7.66%
15.04%
11.54%
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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.
Risk-Adjusted Performance
ALGRX vs. SPY — Risk-Adjusted Performance Rank
ALGRX
SPY
ALGRX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Focus Equity Fund (ALGRX) and 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.
Dividends
ALGRX vs. SPY - Dividend Comparison
ALGRX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.36%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALGRX Alger Focus Equity Fund | 0.00% | 0.00% | 0.10% | 0.06% | 13.98% | 6.25% | 2.08% | 5.38% | 3.91% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ALGRX vs. SPY - Drawdown Comparison
The maximum ALGRX drawdown since its inception was -62.22%, 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. For additional features, visit the drawdowns tool.
Volatility
ALGRX vs. SPY - Volatility Comparison
Alger Focus Equity Fund (ALGRX) has a higher volatility of 17.27% compared to SPDR S&P 500 ETF (SPY) at 14.52%. 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.