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ALSCX vs. FECGX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

ALSCX vs. FECGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger Small Cap Growth Fund (ALSCX) and Fidelity Small Cap Growth Index Fund (FECGX). The values are adjusted to include any dividend payments, if applicable.

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ALSCX vs. FECGX - Yearly Performance Comparison


2026 (YTD)2025202420232022202120202019
ALSCX
Alger Small Cap Growth Fund
-12.11%7.80%9.47%16.25%-37.61%-3.35%63.82%-2.14%
FECGX
Fidelity Small Cap Growth Index Fund
-6.77%13.04%15.26%18.90%-26.17%2.83%34.41%7.11%

Returns By Period

In the year-to-date period, ALSCX achieves a -12.11% return, which is significantly lower than FECGX's -6.77% return.


ALSCX

1D
-1.76%
1M
-11.99%
YTD
-12.11%
6M
-9.73%
1Y
16.17%
3Y*
4.34%
5Y*
-6.52%
10Y*
8.31%

FECGX

1D
-2.02%
1M
-10.15%
YTD
-6.77%
6M
-5.65%
1Y
18.56%
3Y*
10.79%
5Y*
0.89%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

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ALSCX vs. FECGX - Expense Ratio Comparison

ALSCX has a 1.96% expense ratio, which is higher than FECGX's 0.05% expense ratio.


Return for Risk

ALSCX vs. FECGX — Risk / Return Rank

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

ALSCX
ALSCX Risk / Return Rank: 2020
Overall Rank
ALSCX Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
ALSCX Sortino Ratio Rank: 2222
Sortino Ratio Rank
ALSCX Omega Ratio Rank: 1818
Omega Ratio Rank
ALSCX Calmar Ratio Rank: 2020
Calmar Ratio Rank
ALSCX Martin Ratio Rank: 2020
Martin Ratio Rank

FECGX
FECGX Risk / Return Rank: 3333
Overall Rank
FECGX Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
FECGX Sortino Ratio Rank: 3535
Sortino Ratio Rank
FECGX Omega Ratio Rank: 2828
Omega Ratio Rank
FECGX Calmar Ratio Rank: 4040
Calmar Ratio Rank
FECGX Martin Ratio Rank: 3333
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ALSCX vs. FECGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger Small Cap Growth Fund (ALSCX) and Fidelity Small Cap Growth Index Fund (FECGX). 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.


ALSCXFECGXDifference

Sharpe ratio

Return per unit of total volatility

0.52

0.71

-0.19

Sortino ratio

Return per unit of downside risk

0.92

1.15

-0.23

Omega ratio

Gain probability vs. loss probability

1.11

1.14

-0.03

Calmar ratio

Return relative to maximum drawdown

0.59

1.02

-0.43

Martin ratio

Return relative to average drawdown

2.11

3.51

-1.40

ALSCX vs. FECGX - Sharpe Ratio Comparison

The current ALSCX Sharpe Ratio is 0.52, which is comparable to the FECGX Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of ALSCX and FECGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


ALSCXFECGXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.52

0.71

-0.19

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.24

0.04

-0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.33

Sharpe Ratio (All Time)

Calculated using the full available price history

0.09

0.26

-0.17

Correlation

The correlation between ALSCX and FECGX is 0.91, 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.


Dividends

ALSCX vs. FECGX - Dividend Comparison

ALSCX has not paid dividends to shareholders, while FECGX's dividend yield for the trailing twelve months is around 0.58%.


TTM20252024202320222021202020192018
ALSCX
Alger Small Cap Growth Fund
0.00%0.00%0.00%0.00%0.00%15.11%0.67%8.26%17.08%
FECGX
Fidelity Small Cap Growth Index Fund
0.58%0.54%1.25%0.81%0.80%3.43%1.00%0.29%0.00%

Drawdowns

ALSCX vs. FECGX - Drawdown Comparison

The maximum ALSCX drawdown since its inception was -76.39%, which is greater than FECGX's maximum drawdown of -41.85%. Use the drawdown chart below to compare losses from any high point for ALSCX and FECGX.


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Drawdown Indicators


ALSCXFECGXDifference

Max Drawdown

Largest peak-to-trough decline

-76.39%

-41.85%

-34.54%

Max Drawdown (1Y)

Largest decline over 1 year

-19.23%

-14.81%

-4.42%

Max Drawdown (5Y)

Largest decline over 5 years

-50.13%

-40.34%

-9.79%

Max Drawdown (10Y)

Largest decline over 10 years

-53.16%

Current Drawdown

Current decline from peak

-38.16%

-14.81%

-23.35%

Average Drawdown

Average peak-to-trough decline

-35.33%

-16.11%

-19.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.38%

4.30%

+1.08%

Volatility

ALSCX vs. FECGX - Volatility Comparison

Alger Small Cap Growth Fund (ALSCX) has a higher volatility of 8.34% compared to Fidelity Small Cap Growth Index Fund (FECGX) at 7.58%. This indicates that ALSCX's price experiences larger fluctuations and is considered to be riskier than FECGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


ALSCXFECGXDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.34%

7.58%

+0.76%

Volatility (6M)

Calculated over the trailing 6-month period

17.59%

16.01%

+1.58%

Volatility (1Y)

Calculated over the trailing 1-year period

27.47%

25.07%

+2.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.81%

24.46%

+3.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.51%

27.27%

-1.76%