ALMAX vs. SPY
Compare and contrast key facts about Alger Weatherbie Specialized Growth Fund (ALMAX) and SPDR S&P 500 ETF (SPY).
ALMAX is managed by Alger. It was launched on May 8, 2002. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALMAX or SPY.
Correlation
The correlation between ALMAX and SPY is 0.82, 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
Key characteristics
ALMAX:
-0.20
SPY:
0.30
ALMAX:
-0.12
SPY:
0.56
ALMAX:
0.99
SPY:
1.08
ALMAX:
-0.09
SPY:
0.31
ALMAX:
-0.59
SPY:
1.40
ALMAX:
8.76%
SPY:
4.18%
ALMAX:
25.27%
SPY:
19.64%
ALMAX:
-60.81%
SPY:
-55.19%
ALMAX:
-55.42%
SPY:
-13.86%
Returns By Period
In the year-to-date period, ALMAX achieves a -18.82% return, which is significantly lower than SPY's -9.91% return. Over the past 10 years, ALMAX has underperformed SPY with an annualized return of -4.76%, while SPY has yielded a comparatively higher 11.59% annualized return.
ALMAX
-18.82%
-7.70%
-16.96%
-3.84%
-2.28%
-4.76%
SPY
-9.91%
-6.90%
-9.38%
6.72%
14.62%
11.59%
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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
ALMAX
SPY
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.
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 1.36%.
| 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% |
SPY SPDR S&P 500 ETF | 1.36% | 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.
Volatility
ALMAX vs. SPY - Volatility Comparison
Alger Weatherbie Specialized Growth Fund (ALMAX) and SPDR S&P 500 ETF (SPY) have volatilities of 14.09% and 14.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.