ALSCX vs. SPY
Compare and contrast key facts about Alger Small Cap Growth Fund (ALSCX) and SPDR S&P 500 ETF (SPY).
ALSCX is managed by Alger. It was launched on Nov 11, 1986. 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: ALSCX or SPY.
Key characteristics
ALSCX | SPY | |
---|---|---|
YTD Return | 2.33% | 9.02% |
1Y Return | 13.43% | 27.00% |
3Y Return (Ann) | -10.53% | 8.59% |
5Y Return (Ann) | 3.90% | 14.29% |
10Y Return (Ann) | 7.87% | 12.67% |
Sharpe Ratio | 0.85 | 2.52 |
Daily Std Dev | 18.82% | 11.53% |
Max Drawdown | -76.39% | -55.19% |
Current Drawdown | -39.00% | -1.26% |
Correlation
The correlation between ALSCX and SPY is 0.78, 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
ALSCX vs. SPY - Performance Comparison
In the year-to-date period, ALSCX achieves a 2.33% return, which is significantly lower than SPY's 9.02% return. Over the past 10 years, ALSCX has underperformed SPY with an annualized return of 7.87%, while SPY has yielded a comparatively higher 12.67% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ALSCX vs. SPY - Expense Ratio Comparison
ALSCX has a 1.96% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ALSCX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Small Cap Growth Fund (ALSCX) 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
ALSCX vs. SPY - Dividend Comparison
ALSCX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.30%.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Alger Small Cap Growth Fund | 0.00% | 0.00% | 0.00% | 15.11% | 0.67% | 8.26% | 17.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPDR S&P 500 ETF | 1.30% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
ALSCX vs. SPY - Drawdown Comparison
The maximum ALSCX drawdown since its inception was -76.39%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ALSCX and SPY. For additional features, visit the drawdowns tool.
Volatility
ALSCX vs. SPY - Volatility Comparison
Alger Small Cap Growth Fund (ALSCX) has a higher volatility of 6.57% compared to SPDR S&P 500 ETF (SPY) at 4.07%. This indicates that ALSCX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.