ALSRX vs. SGPIX

Last updated Aug 4, 2026

ALSRX (Alger SmallCap Growth Institutional Fund) and SGPIX (ProFunds Small Cap Growth Fund) are both Small Cap Growth Equities funds. Over the past 10 years, ALSRX returned 9.63%/yr vs 8.60%/yr for SGPIX. Their correlation of 0.89 means they have usually moved in the same direction. ALSRX charges 1.24%/yr vs 1.60%/yr for SGPIX.

Performance

ALSRX vs. SGPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger SmallCap Growth Institutional Fund (ALSRX) and ProFunds Small Cap Growth Fund (SGPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALSRX achieves a 18.07% return, which is significantly lower than SGPIX's 21.50% return. Over the past 10 years, ALSRX has outperformed SGPIX with an annualized return of 9.63%, while SGPIX has yielded a comparatively lower 8.60% annualized return.

ALSRX

• 1D: 0.15%
• 1M: 1.92%
• 6M: 15.63%
• YTD: 18.07%
• 1Y: 30.78%
• 3Y*: 11.11%
• 5Y*: -3.09%
• 10Y*: 9.63%
• ALL TIME*: 6.63%

SGPIX

• 1D: -0.25%
• 1M: -1.92%
• 6M: 14.79%
• YTD: 21.50%
• 1Y: 30.03%
• 3Y*: 12.08%
• 5Y*: 3.45%
• 10Y*: 8.60%
• ALL TIME*: 8.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ALSRX Alger SmallCap Growth Institutional Fund	$0.00	$0.00	$0.00
SGPIX ProFunds Small Cap Growth Fund	$0.00	$0.00	$0.00

ALSRX vs. SGPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ALSRX Alger SmallCap Growth Institutional Fund	18.07%	4.83%	8.76%	14.83%	-38.17%	-4.44%	64.90%	29.87%	-4.03%	24.83%
SGPIX ProFunds Small Cap Growth Fund	21.50%	3.52%	7.53%	15.35%	-22.72%	13.29%	17.43%	18.95%	-5.76%	12.73%

Correlation

The correlation between ALSRX and SGPIX is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.81
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (10Y) Provides a long-term view across more market conditions.	0.79
Correlation (All Time) Calculated using the full available price history since Jan 2, 2002	0.89

The correlation between ALSRX and SGPIX has been stable across timeframes, ranging from 0.79 to 0.89 - a consistent structural relationship.

Return for Risk

ALSRX vs. SGPIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ALSRX

ALSRX Risk / Return Rank: 29
ALSRX Sharpe Ratio Rank: 31
ALSRX Sortino Ratio Rank: 31
ALSRX Omega Ratio Rank: 28
ALSRX Calmar Ratio Rank: 28
ALSRX Martin Ratio Rank: 29

SGPIX

SGPIX Risk / Return Rank: 68
SGPIX Sharpe Ratio Rank: 58
SGPIX Sortino Ratio Rank: 66
SGPIX Omega Ratio Rank: 52
SGPIX Calmar Ratio Rank: 85
SGPIX Martin Ratio Rank: 80

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ALSRX vs. SGPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger SmallCap Growth Institutional Fund (ALSRX) and ProFunds Small Cap Growth Fund (SGPIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ALSRX	SGPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.10	1.58	-0.49
Sortino ratio: Return per unit of downside risk	1.64	2.40	-0.76
Omega ratio: Gain probability vs. loss probability	1.19	1.28	-0.09
Calmar ratio: Return relative to maximum drawdown	1.36	3.07	-1.71
Martin ratio: Return relative to average drawdown	4.46	10.29	-5.84

ALSRX vs. SGPIX - Sharpe Ratio Comparison

The current ALSRX Sharpe Ratio is 1.10, which is lower than the SGPIX Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of ALSRX and SGPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ALSRX vs. SGPIX - Drawdown Comparison

The maximum ALSRX drawdown since its inception was -73.40%, which is greater than SGPIX's maximum drawdown of -58.70%. Use the drawdown chart below to compare losses from any high point for ALSRX and SGPIX.

Drawdown Indicators

	ALSRX	SGPIX	Difference
Max Drawdown Largest peak-to-trough decline	-73.40%	-58.70%	-14.70%
Max Drawdown (1Y) Largest decline over 1 year	-21.23%	-9.15%	-12.08%
Max Drawdown (3Y) Largest decline over 3 years	-33.53%	-27.72%	-5.81%
Max Drawdown (5Y) Largest decline over 5 years	-53.46%	-34.64%	-18.82%
Max Drawdown (10Y) Largest decline over 10 years	-55.04%	-43.14%	-11.90%
Current Drawdown Current decline from peak	-22.44%	-3.43%	-19.01%
Average Drawdown Average peak-to-trough decline	-28.67%	-11.20%	-17.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.48%	2.73%	+3.75%

Volatility

ALSRX vs. SGPIX - Volatility Comparison

Alger SmallCap Growth Institutional Fund (ALSRX) has a higher volatility of 8.21% compared to ProFunds Small Cap Growth Fund (SGPIX) at 4.03%. This indicates that ALSRX's price experiences larger fluctuations and is considered to be riskier than SGPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALSRX	SGPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.21%	4.03%	+4.18%
Volatility (6M) Calculated over the trailing 6-month period	21.51%	12.96%	+8.55%
Volatility (1Y) Calculated over the trailing 1-year period	26.47%	17.84%	+8.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.98%	21.60%	+8.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.97%	22.31%	+4.66%

ALSRX vs. SGPIX - Expense Ratio Comparison

ALSRX has a 1.24% expense ratio, which is lower than SGPIX's 1.60% expense ratio.

Dividends

ALSRX vs. SGPIX - Dividend Comparison

ALSRX's dividend yield for the trailing twelve months is around 2.37%, while SGPIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALSRX Alger SmallCap Growth Institutional Fund	2.37%	2.80%	1.99%	0.00%	0.00%	23.64%	5.23%	20.07%	11.31%	0.00%	0.00%	0.00%
SGPIX ProFunds Small Cap Growth Fund	0.00%	0.18%	1.58%	0.80%	3.80%	2.06%	0.00%	0.00%	4.29%	0.00%	0.00%	2.58%

Frequently Asked Questions

Can I hold both ALSRX and SGPIX in my portfolio?

ALSRX and SGPIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ALSRX or SGPIX?

ALSRX has higher volatility (8.21%) compared to SGPIX (4.03%). In terms of maximum drawdown, ALSRX dropped -73.40% vs SGPIX's -58.70%.

Which has better risk-adjusted returns?

SGPIX currently has the higher Sharpe Ratio (1.58 vs 1.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.