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.
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.
Performance
ALSRX vs. RDTE - Performance Comparison
Key characteristics
ALSRX:
19.79%
RDTE:
18.00%
ALSRX:
-74.80%
RDTE:
-8.19%
ALSRX:
-55.34%
RDTE:
-3.63%
Returns By Period
In the year-to-date period, ALSRX achieves a -1.40% return, which is significantly lower than RDTE's 3.19% return.
ALSRX
-1.40%
-1.97%
1.80%
1.25%
-4.32%
-3.69%
RDTE
3.19%
0.68%
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.
Not enough dataDividends
ALSRX vs. RDTE - Dividend Comparison
ALSRX has not paid dividends to shareholders, while RDTE's dividend yield for the trailing twelve months is around 16.16%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
ALSRX Alger SmallCap Growth Institutional Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.14% |
RDTE Roundhill Small Cap 0DTE Covered Call Strategy ETF | 16.16% | 10.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ALSRX vs. RDTE - Drawdown Comparison
The maximum ALSRX drawdown since its inception was -74.80%, which is greater than RDTE's maximum drawdown of -8.19%. Use the drawdown chart below to compare losses from any high point for ALSRX and RDTE. For additional features, visit the drawdowns tool.
Volatility
ALSRX vs. RDTE - Volatility Comparison
Alger SmallCap Growth Institutional Fund (ALSRX) has a higher volatility of 5.60% compared to Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE) at 3.77%. This indicates that ALSRX's price experiences larger fluctuations and is considered to be riskier than RDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.