ALMRX vs. SPECX
Compare and contrast key facts about Alger MidCap Growth Institutional Fund (ALMRX) and Alger Spectra Fund (SPECX).
ALMRX is managed by Alger. It was launched on Nov 8, 1993. SPECX is managed by Alger. It was launched on Jul 28, 1969.
Performance
ALMRX vs. SPECX - Performance Comparison
Loading graphics...
ALMRX vs. SPECX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALMRX Alger MidCap Growth Institutional Fund | -11.69% | 17.01% | 20.02% | 22.68% | -35.28% | 6.17% | 64.25% | 29.79% | -7.77% | 28.75% |
SPECX Alger Spectra Fund | -15.14% | 29.16% | 47.52% | 41.34% | -39.37% | 12.61% | 43.66% | 32.15% | -0.82% | 31.11% |
Returns By Period
In the year-to-date period, ALMRX achieves a -11.69% return, which is significantly higher than SPECX's -15.14% return. Over the past 10 years, ALMRX has underperformed SPECX with an annualized return of 10.96%, while SPECX has yielded a comparatively higher 14.53% annualized return.
ALMRX
- 1D
- -1.10%
- 1M
- -11.81%
- YTD
- -11.69%
- 6M
- -13.78%
- 1Y
- 14.51%
- 3Y*
- 11.66%
- 5Y*
- 0.39%
- 10Y*
- 10.96%
SPECX
- 1D
- -1.46%
- 1M
- -9.64%
- YTD
- -15.14%
- 6M
- -16.34%
- 1Y
- 25.34%
- 3Y*
- 26.11%
- 5Y*
- 9.62%
- 10Y*
- 14.53%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ALMRX vs. SPECX - Expense Ratio Comparison
ALMRX has a 1.44% expense ratio, which is higher than SPECX's 1.39% expense ratio.
Return for Risk
ALMRX vs. SPECX — Risk / Return Rank
ALMRX
SPECX
ALMRX vs. SPECX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger MidCap Growth Institutional Fund (ALMRX) and Alger Spectra Fund (SPECX). 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 | SPECX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.57 | 0.88 | -0.31 |
Sortino ratioReturn per unit of downside risk | 0.96 | 1.39 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.19 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.71 | 1.06 | -0.35 |
Martin ratioReturn relative to average drawdown | 2.45 | 3.51 | -1.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| ALMRX | SPECX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 0.88 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.30 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.53 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.46 | -0.29 |
Correlation
The correlation between ALMRX and SPECX 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. SPECX - Dividend Comparison
ALMRX has not paid dividends to shareholders, while SPECX's dividend yield for the trailing twelve months is around 8.80%.
| 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% |
SPECX Alger Spectra Fund | 8.80% | 7.47% | 6.49% | 0.00% | 2.70% | 34.41% | 9.19% | 7.20% | 12.09% | 6.14% | 0.00% | 8.80% |
Drawdowns
ALMRX vs. SPECX - Drawdown Comparison
The maximum ALMRX drawdown since its inception was -73.80%, roughly equal to the maximum SPECX drawdown of -72.19%. Use the drawdown chart below to compare losses from any high point for ALMRX and SPECX.
Loading graphics...
Drawdown Indicators
| ALMRX | SPECX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.80% | -72.19% | -1.61% |
Max Drawdown (1Y)Largest decline over 1 year | -16.06% | -20.03% | +3.97% |
Max Drawdown (5Y)Largest decline over 5 years | -64.01% | -54.82% | -9.19% |
Max Drawdown (10Y)Largest decline over 10 years | -64.01% | -54.82% | -9.19% |
Current DrawdownCurrent decline from peak | -42.96% | -20.03% | -22.93% |
Average DrawdownAverage peak-to-trough decline | -22.14% | -24.16% | +2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 6.06% | -1.41% |
Volatility
ALMRX vs. SPECX - Volatility Comparison
The current volatility for Alger MidCap Growth Institutional Fund (ALMRX) is 6.40%, while Alger Spectra Fund (SPECX) has a volatility of 7.79%. This indicates that ALMRX experiences smaller price fluctuations and is considered to be less risky than SPECX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| ALMRX | SPECX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 7.79% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 14.46% | 17.03% | -2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.21% | 27.87% | -3.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.57% | 32.64% | +15.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.71% | 27.72% | +9.99% |