ALMAX vs. FXAIX
Compare and contrast key facts about Alger Weatherbie Specialized Growth Fund (ALMAX) and Fidelity 500 Index Fund (FXAIX).
ALMAX is managed by Alger. It was launched on May 8, 2002. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALMAX or FXAIX.
Correlation
The correlation between ALMAX and FXAIX is 0.80, 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. FXAIX - Performance Comparison
Key characteristics
ALMAX:
0.47
FXAIX:
1.87
ALMAX:
0.80
FXAIX:
2.52
ALMAX:
1.09
FXAIX:
1.34
ALMAX:
0.18
FXAIX:
2.83
ALMAX:
2.54
FXAIX:
11.72
ALMAX:
3.83%
FXAIX:
2.04%
ALMAX:
20.59%
FXAIX:
12.76%
ALMAX:
-60.81%
FXAIX:
-33.79%
ALMAX:
-46.44%
FXAIX:
-0.42%
Returns By Period
In the year-to-date period, ALMAX achieves a -2.45% return, which is significantly lower than FXAIX's 4.19% return. Over the past 10 years, ALMAX has underperformed FXAIX with an annualized return of -2.76%, while FXAIX has yielded a comparatively higher 13.09% annualized return.
ALMAX
-2.45%
-8.33%
3.36%
11.82%
-3.04%
-2.76%
FXAIX
4.19%
1.25%
10.54%
24.46%
14.70%
13.09%
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ALMAX vs. FXAIX - Expense Ratio Comparison
ALMAX has a 1.20% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
ALMAX vs. FXAIX — Risk-Adjusted Performance Rank
ALMAX
FXAIX
ALMAX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Weatherbie Specialized Growth Fund (ALMAX) and Fidelity 500 Index Fund (FXAIX). 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. FXAIX - Dividend Comparison
ALMAX has not paid dividends to shareholders, while FXAIX's dividend yield for the trailing twelve months is around 1.20%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALMAX Alger Weatherbie Specialized Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% |
Drawdowns
ALMAX vs. FXAIX - Drawdown Comparison
The maximum ALMAX drawdown since its inception was -60.81%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for ALMAX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
ALMAX vs. FXAIX - Volatility Comparison
Alger Weatherbie Specialized Growth Fund (ALMAX) has a higher volatility of 5.21% compared to Fidelity 500 Index Fund (FXAIX) at 3.00%. This indicates that ALMAX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.