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

Correlation

The correlation between ALMAX and SPY is 0.83, 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. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger Weatherbie Specialized Growth Fund (ALMAX) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

0.00%200.00%400.00%600.00%800.00%1,000.00%December2025FebruaryMarchAprilMay
69.95%
919.35%
ALMAX
SPY

Key characteristics

Sharpe Ratio

ALMAX:

0.10

SPY:

0.54

Sortino Ratio

ALMAX:

0.21

SPY:

0.90

Omega Ratio

ALMAX:

1.03

SPY:

1.13

Calmar Ratio

ALMAX:

0.01

SPY:

0.57

Martin Ratio

ALMAX:

0.04

SPY:

2.24

Ulcer Index

ALMAX:

10.06%

SPY:

4.82%

Daily Std Dev

ALMAX:

25.74%

SPY:

20.02%

Max Drawdown

ALMAX:

-60.81%

SPY:

-55.19%

Current Drawdown

ALMAX:

-50.75%

SPY:

-7.53%

Returns By Period

In the year-to-date period, ALMAX achieves a -10.31% return, which is significantly lower than SPY's -3.30% return. Over the past 10 years, ALMAX has underperformed SPY with an annualized return of -3.65%, while SPY has yielded a comparatively higher 12.33% annualized return.


ALMAX

YTD

-10.31%

1M

18.93%

6M

-11.40%

1Y

2.47%

5Y*

-3.39%

10Y*

-3.65%

SPY

YTD

-3.30%

1M

13.81%

6M

-4.52%

1Y

10.65%

5Y*

15.81%

10Y*

12.33%

*Annualized

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ALMAX vs. SPY - Expense Ratio Comparison

ALMAX has a 1.20% expense ratio, which is higher than SPY's 0.09% expense ratio.


Risk-Adjusted Performance

ALMAX vs. SPY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALMAX
The Risk-Adjusted Performance Rank of ALMAX is 2323
Overall Rank
The Sharpe Ratio Rank of ALMAX is 2626
Sharpe Ratio Rank
The Sortino Ratio Rank of ALMAX is 2424
Sortino Ratio Rank
The Omega Ratio Rank of ALMAX is 2323
Omega Ratio Rank
The Calmar Ratio Rank of ALMAX is 2121
Calmar Ratio Rank
The Martin Ratio Rank of ALMAX is 2121
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 6363
Overall Rank
The Sharpe Ratio Rank of SPY is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 6161
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6464
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 6767
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6464
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

ALMAX vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger Weatherbie Specialized Growth Fund (ALMAX) 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.


The current ALMAX Sharpe Ratio is 0.10, which is lower than the SPY Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of ALMAX and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00December2025FebruaryMarchAprilMay
0.10
0.54
ALMAX
SPY

Dividends

ALMAX vs. SPY - Dividend Comparison

ALMAX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.27%.


TTM20242023202220212020201920182017201620152014
ALMAX
Alger Weatherbie Specialized Growth Fund
0.00%0.00%0.00%0.00%24.48%4.64%4.00%9.86%0.00%12.44%55.85%0.00%
SPY
SPDR S&P 500 ETF
1.27%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

ALMAX vs. SPY - Drawdown Comparison

The maximum ALMAX drawdown since its inception was -60.81%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ALMAX and SPY. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%December2025FebruaryMarchAprilMay
-50.75%
-7.53%
ALMAX
SPY

Volatility

ALMAX vs. SPY - Volatility Comparison

The current volatility for Alger Weatherbie Specialized Growth Fund (ALMAX) is 11.49%, while SPDR S&P 500 ETF (SPY) has a volatility of 12.36%. This indicates that ALMAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%December2025FebruaryMarchAprilMay
11.49%
12.36%
ALMAX
SPY