ALMAX vs. ALTFX
Compare and contrast key facts about Alger Weatherbie Specialized Growth Fund (ALMAX) and AB Sustainable Global Thematic Fund (ALTFX).
ALMAX is managed by Alger. It was launched on May 8, 2002. ALTFX is managed by AllianceBernstein. It was launched on Feb 28, 1982.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALMAX or ALTFX.
Key characteristics
| ALMAX | ALTFX | |
|---|---|---|
| YTD Return | 0.00% | 1.61% |
| 1Y Return | 12.45% | 14.89% |
| 3Y Return (Ann) | -11.21% | -0.33% |
| 5Y Return (Ann) | 3.41% | 9.83% |
| 10Y Return (Ann) | 8.81% | 9.97% |
| Sharpe Ratio | 0.51 | 1.14 |
| Daily Std Dev | 20.23% | 12.55% |
| Max Drawdown | -59.89% | -80.01% |
| Current Drawdown | -39.53% | -15.44% |
Correlation
The correlation between ALMAX and ALTFX is 0.85, 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
ALMAX vs. ALTFX - Performance Comparison
In the year-to-date period, ALMAX achieves a 0.00% return, which is significantly lower than ALTFX's 1.61% return. Over the past 10 years, ALMAX has underperformed ALTFX with an annualized return of 8.81%, while ALTFX has yielded a comparatively higher 9.97% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ALMAX vs. ALTFX - Expense Ratio Comparison
ALMAX has a 1.20% expense ratio, which is higher than ALTFX's 1.02% expense ratio.
Risk-Adjusted Performance
ALMAX vs. ALTFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Weatherbie Specialized Growth Fund (ALMAX) and AB Sustainable Global Thematic Fund (ALTFX). 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
ALMAX vs. ALTFX - Dividend Comparison
ALMAX has not paid dividends to shareholders, while ALTFX's dividend yield for the trailing twelve months is around 0.03%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALMAX Alger Weatherbie Specialized Growth Fund | 0.00% | 0.00% | 0.00% | 24.48% | 4.64% | 4.00% | 9.86% | 0.00% | 12.44% | 55.85% |
ALTFX AB Sustainable Global Thematic Fund | 0.03% | 0.03% | 2.61% | 9.99% | 7.23% | 3.01% | 8.36% | 0.00% | 4.05% | 0.00% |
Drawdowns
ALMAX vs. ALTFX - Drawdown Comparison
The maximum ALMAX drawdown since its inception was -59.89%, smaller than the maximum ALTFX drawdown of -80.01%. Use the drawdown chart below to compare losses from any high point for ALMAX and ALTFX. For additional features, visit the drawdowns tool.
Volatility
ALMAX vs. ALTFX - Volatility Comparison
Alger Weatherbie Specialized Growth Fund (ALMAX) has a higher volatility of 6.26% compared to AB Sustainable Global Thematic Fund (ALTFX) at 4.41%. This indicates that ALMAX's price experiences larger fluctuations and is considered to be riskier than ALTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.