ALMRX vs. NEEGX
Compare and contrast key facts about Alger MidCap Growth Institutional Fund (ALMRX) and Needham Growth Fund (NEEGX).
ALMRX is managed by Alger. It was launched on Nov 8, 1993. NEEGX is managed by Needham. It was launched on Jan 2, 1996.
Performance
ALMRX vs. NEEGX - Performance Comparison
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ALMRX vs. NEEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALMRX Alger MidCap Growth Institutional Fund | -7.99% | 17.01% | 20.02% | 22.68% | -35.28% | 6.17% | 64.25% | 29.79% | -7.77% | 28.75% |
NEEGX Needham Growth Fund | 15.68% | 8.76% | 14.45% | 26.85% | -33.57% | 27.63% | 41.73% | 42.33% | -10.56% | 8.33% |
Returns By Period
In the year-to-date period, ALMRX achieves a -7.99% return, which is significantly lower than NEEGX's 15.68% return. Over the past 10 years, ALMRX has underperformed NEEGX with an annualized return of 11.42%, while NEEGX has yielded a comparatively higher 12.74% annualized return.
ALMRX
- 1D
- 4.18%
- 1M
- -7.14%
- YTD
- -7.99%
- 6M
- -10.17%
- 1Y
- 18.01%
- 3Y*
- 13.20%
- 5Y*
- 0.87%
- 10Y*
- 11.42%
NEEGX
- 1D
- 4.73%
- 1M
- -6.88%
- YTD
- 15.68%
- 6M
- 17.81%
- 1Y
- 49.67%
- 3Y*
- 18.80%
- 5Y*
- 7.05%
- 10Y*
- 12.74%
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ALMRX vs. NEEGX - Expense Ratio Comparison
ALMRX has a 1.44% expense ratio, which is lower than NEEGX's 1.78% expense ratio.
Return for Risk
ALMRX vs. NEEGX — Risk / Return Rank
ALMRX
NEEGX
ALMRX vs. NEEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger MidCap Growth Institutional Fund (ALMRX) and Needham Growth Fund (NEEGX). 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.
| ALMRX | NEEGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 1.56 | -0.77 |
Sortino ratioReturn per unit of downside risk | 1.25 | 2.16 | -0.91 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.29 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 3.25 | -2.10 |
Martin ratioReturn relative to average drawdown | 3.92 | 10.67 | -6.75 |
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
| ALMRX | NEEGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.56 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.25 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.51 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.54 | -0.37 |
Correlation
The correlation between ALMRX and NEEGX is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ALMRX vs. NEEGX - Dividend Comparison
ALMRX has not paid dividends to shareholders, while NEEGX's dividend yield for the trailing twelve months is around 6.54%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALMRX Alger MidCap Growth Institutional Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 77.91% | 12.19% | 8.56% | 7.91% | 0.00% | 0.00% | 0.00% |
NEEGX Needham Growth Fund | 6.54% | 7.57% | 3.92% | 0.00% | 1.78% | 6.92% | 5.73% | 11.31% | 17.79% | 9.70% | 4.22% | 6.74% |
Drawdowns
ALMRX vs. NEEGX - Drawdown Comparison
The maximum ALMRX drawdown since its inception was -73.80%, which is greater than NEEGX's maximum drawdown of -53.60%. Use the drawdown chart below to compare losses from any high point for ALMRX and NEEGX.
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Drawdown Indicators
| ALMRX | NEEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.80% | -53.60% | -20.20% |
Max Drawdown (1Y)Largest decline over 1 year | -16.06% | -15.15% | -0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -64.01% | -43.35% | -20.66% |
Max Drawdown (10Y)Largest decline over 10 years | -64.01% | -43.35% | -20.66% |
Current DrawdownCurrent decline from peak | -40.58% | -7.54% | -33.04% |
Average DrawdownAverage peak-to-trough decline | -22.14% | -10.95% | -11.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.72% | 4.61% | +0.11% |
Volatility
ALMRX vs. NEEGX - Volatility Comparison
The current volatility for Alger MidCap Growth Institutional Fund (ALMRX) is 7.91%, while Needham Growth Fund (NEEGX) has a volatility of 11.31%. This indicates that ALMRX experiences smaller price fluctuations and is considered to be less risky than NEEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALMRX | NEEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.91% | 11.31% | -3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 14.99% | 20.91% | -5.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.51% | 32.23% | -7.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.59% | 28.04% | +20.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.73% | 25.01% | +12.72% |