ALMAX vs. AOFIX
Compare and contrast key facts about Alger Weatherbie Specialized Growth Fund (ALMAX) and Alger Small Cap Focus Fund (AOFIX).
ALMAX is managed by Alger. It was launched on May 8, 2002. AOFIX is managed by Alger. It was launched on Mar 3, 2008.
Performance
ALMAX vs. AOFIX - Performance Comparison
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ALMAX vs. AOFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALMAX Alger Weatherbie Specialized Growth Fund | -15.06% | 0.50% | 13.78% | 11.22% | -38.11% | 5.83% | 56.85% | 39.17% | -4.10% | 21.83% |
AOFIX Alger Small Cap Focus Fund | -12.19% | 6.96% | 13.76% | 9.88% | -37.62% | -14.06% | 53.29% | 24.16% | 14.16% | 27.72% |
Returns By Period
In the year-to-date period, ALMAX achieves a -15.06% return, which is significantly lower than AOFIX's -12.19% return. Over the past 10 years, ALMAX has underperformed AOFIX with an annualized return of 6.97%, while AOFIX has yielded a comparatively higher 7.64% annualized return.
ALMAX
- 1D
- -0.75%
- 1M
- -11.84%
- YTD
- -15.06%
- 6M
- -13.51%
- 1Y
- 0.51%
- 3Y*
- 1.57%
- 5Y*
- -6.88%
- 10Y*
- 6.97%
AOFIX
- 1D
- -2.21%
- 1M
- -13.58%
- YTD
- -12.19%
- 6M
- -9.04%
- 1Y
- 13.89%
- 3Y*
- 4.33%
- 5Y*
- -8.08%
- 10Y*
- 7.64%
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ALMAX vs. AOFIX - Expense Ratio Comparison
ALMAX has a 1.20% expense ratio, which is higher than AOFIX's 1.14% expense ratio.
Return for Risk
ALMAX vs. AOFIX — Risk / Return Rank
ALMAX
AOFIX
ALMAX vs. AOFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Weatherbie Specialized Growth Fund (ALMAX) and Alger Small Cap Focus Fund (AOFIX). 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.
| ALMAX | AOFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.01 | 0.41 | -0.40 |
Sortino ratioReturn per unit of downside risk | 0.19 | 0.78 | -0.58 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.09 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | -0.11 | 0.46 | -0.57 |
Martin ratioReturn relative to average drawdown | -0.40 | 1.71 | -2.11 |
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
| ALMAX | AOFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.01 | 0.41 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | -0.29 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.29 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.23 | +0.05 |
Correlation
The correlation between ALMAX and AOFIX is 0.93, 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
ALMAX vs. AOFIX - Dividend Comparison
Neither ALMAX nor AOFIX has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALMAX Alger Weatherbie Specialized Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 24.48% | 4.64% | 4.00% | 9.86% | 0.00% | 12.44% | 55.85% |
AOFIX Alger Small Cap Focus Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 6.94% | 0.00% | 2.36% | 0.85% | 0.00% | 0.00% | 0.00% |
Drawdowns
ALMAX vs. AOFIX - Drawdown Comparison
The maximum ALMAX drawdown since its inception was -60.51%, roughly equal to the maximum AOFIX drawdown of -60.19%. Use the drawdown chart below to compare losses from any high point for ALMAX and AOFIX.
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Drawdown Indicators
| ALMAX | AOFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.51% | -60.19% | -0.32% |
Max Drawdown (1Y)Largest decline over 1 year | -20.91% | -19.88% | -1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -53.89% | -55.64% | +1.75% |
Max Drawdown (10Y)Largest decline over 10 years | -53.89% | -60.19% | +6.30% |
Current DrawdownCurrent decline from peak | -44.85% | -46.23% | +1.38% |
Average DrawdownAverage peak-to-trough decline | -17.19% | -19.25% | +2.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.01% | 5.34% | +0.67% |
Volatility
ALMAX vs. AOFIX - Volatility Comparison
The current volatility for Alger Weatherbie Specialized Growth Fund (ALMAX) is 7.42%, while Alger Small Cap Focus Fund (AOFIX) has a volatility of 9.39%. This indicates that ALMAX experiences smaller price fluctuations and is considered to be less risky than AOFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALMAX | AOFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.42% | 9.39% | -1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 15.17% | 19.29% | -4.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.27% | 28.37% | -4.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.06% | 27.85% | +1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.09% | 26.10% | +0.99% |