Correlation
The correlation between ALSRX and RDTE is 0.81, 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.
ALSRX vs. RDTE
Compare and contrast key facts about Alger SmallCap Growth Institutional Fund (ALSRX) and Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE).
ALSRX is managed by Alger. It was launched on Nov 8, 1993. RDTE is an actively managed fund by Roundhill. It was launched on Sep 9, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALSRX or RDTE.
Performance
ALSRX vs. RDTE - Performance Comparison
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Key characteristics
ALSRX:
26.33%
RDTE:
22.40%
ALSRX:
-73.40%
RDTE:
-24.91%
ALSRX:
-45.25%
RDTE:
-12.46%
Returns By Period
In the year-to-date period, ALSRX achieves a -11.80% return, which is significantly lower than RDTE's -6.26% return.
ALSRX
-11.80%
8.90%
-18.08%
-5.38%
-0.77%
-2.19%
5.78%
RDTE
-6.26%
7.27%
-12.38%
N/A
N/A
N/A
N/A
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ALSRX vs. RDTE - Expense Ratio Comparison
ALSRX has a 1.24% expense ratio, which is higher than RDTE's 0.95% expense ratio.
Risk-Adjusted Performance
ALSRX vs. RDTE — Risk-Adjusted Performance Rank
ALSRX
RDTE
ALSRX vs. RDTE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger SmallCap Growth Institutional Fund (ALSRX) and Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE). 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.
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Dividends
ALSRX vs. RDTE - Dividend Comparison
ALSRX's dividend yield for the trailing twelve months is around 1.13%, less than RDTE's 30.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALSRX Alger SmallCap Growth Institutional Fund | 1.13% | 0.99% | 0.00% | 0.00% | 23.64% | 5.23% | 20.07% | 15.64% | 2.86% | 0.00% | 50.40% | 22.38% |
RDTE Roundhill Small Cap 0DTE Covered Call Strategy ETF | 30.14% | 10.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ALSRX vs. RDTE - Drawdown Comparison
The maximum ALSRX drawdown since its inception was -73.40%, which is greater than RDTE's maximum drawdown of -24.91%. Use the drawdown chart below to compare losses from any high point for ALSRX and RDTE.
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Volatility
ALSRX vs. RDTE - Volatility Comparison
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