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ALMAX vs. FXAIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


ALMAXFXAIX
YTD Return1.72%15.35%
1Y Return5.80%26.60%
3Y Return (Ann)-12.14%10.50%
5Y Return (Ann)3.48%15.01%
10Y Return (Ann)5.54%13.01%
Sharpe Ratio0.272.41
Daily Std Dev20.02%11.26%
Max Drawdown-60.52%-33.79%
Current Drawdown-42.24%-0.40%

Correlation

-0.50.00.51.00.8

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

In the year-to-date period, ALMAX achieves a 1.72% return, which is significantly lower than FXAIX's 15.35% return. Over the past 10 years, ALMAX has underperformed FXAIX with an annualized return of 5.54%, while FXAIX has yielded a comparatively higher 13.01% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%15.00%2024FebruaryMarchAprilMayJune
1.14%
15.75%
ALMAX
FXAIX

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Alger Weatherbie Specialized Growth Fund

Fidelity 500 Index Fund

ALMAX vs. FXAIX - Expense Ratio Comparison

ALMAX has a 1.20% expense ratio, which is higher than FXAIX's 0.02% expense ratio.


ALMAX
Alger Weatherbie Specialized Growth Fund
Expense ratio chart for ALMAX: current value at 1.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.20%
Expense ratio chart for FXAIX: current value at 0.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.02%

Risk-Adjusted Performance

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.


ALMAX
Sharpe ratio
The chart of Sharpe ratio for ALMAX, currently valued at 0.27, compared to the broader market-1.000.001.002.003.004.000.27
Sortino ratio
The chart of Sortino ratio for ALMAX, currently valued at 0.52, compared to the broader market-2.000.002.004.006.008.0010.0012.000.52
Omega ratio
The chart of Omega ratio for ALMAX, currently valued at 1.06, compared to the broader market1.002.003.004.001.06
Calmar ratio
The chart of Calmar ratio for ALMAX, currently valued at 0.10, compared to the broader market0.005.0010.0015.000.10
Martin ratio
The chart of Martin ratio for ALMAX, currently valued at 0.64, compared to the broader market0.0020.0040.0060.0080.000.64
FXAIX
Sharpe ratio
The chart of Sharpe ratio for FXAIX, currently valued at 2.41, compared to the broader market-1.000.001.002.003.004.002.41
Sortino ratio
The chart of Sortino ratio for FXAIX, currently valued at 3.39, compared to the broader market-2.000.002.004.006.008.0010.0012.003.39
Omega ratio
The chart of Omega ratio for FXAIX, currently valued at 1.43, compared to the broader market1.002.003.004.001.43
Calmar ratio
The chart of Calmar ratio for FXAIX, currently valued at 2.33, compared to the broader market0.005.0010.0015.002.33
Martin ratio
The chart of Martin ratio for FXAIX, currently valued at 9.44, compared to the broader market0.0020.0040.0060.0080.009.44

ALMAX vs. FXAIX - Sharpe Ratio Comparison

The current ALMAX Sharpe Ratio is 0.27, which is lower than the FXAIX Sharpe Ratio of 2.41. The chart below compares the 12-month rolling Sharpe Ratio of ALMAX and FXAIX.


Rolling 12-month Sharpe Ratio0.001.002.003.002024FebruaryMarchAprilMayJune
0.27
2.41
ALMAX
FXAIX

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 1.27%.


TTM20232022202120202019201820172016201520142013
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%0.00%0.00%
FXAIX
Fidelity 500 Index Fund
1.27%1.45%1.69%1.22%1.60%2.06%2.72%1.97%2.52%2.83%2.63%1.84%

Drawdowns

ALMAX vs. FXAIX - Drawdown Comparison

The maximum ALMAX drawdown since its inception was -60.52%, 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.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%2024FebruaryMarchAprilMayJune
-42.24%
-0.40%
ALMAX
FXAIX

Volatility

ALMAX vs. FXAIX - Volatility Comparison

Alger Weatherbie Specialized Growth Fund (ALMAX) has a higher volatility of 4.85% compared to Fidelity 500 Index Fund (FXAIX) at 2.38%. 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.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%2024FebruaryMarchAprilMayJune
4.85%
2.38%
ALMAX
FXAIX