ALTFX vs. ALMAX
Compare and contrast key facts about AB Sustainable Global Thematic Fund (ALTFX) and Alger Weatherbie Specialized Growth Fund (ALMAX).
ALTFX is managed by AllianceBernstein. It was launched on Feb 28, 1982. ALMAX is managed by Alger. It was launched on May 8, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALTFX or ALMAX.
Key characteristics
| ALTFX | ALMAX | |
|---|---|---|
| YTD Return | 0.94% | -0.41% |
| 1Y Return | 12.88% | 8.39% |
| 3Y Return (Ann) | -0.94% | -12.17% |
| 5Y Return (Ann) | 9.88% | 3.84% |
| 10Y Return (Ann) | 9.82% | 8.63% |
| Sharpe Ratio | 1.14 | 0.46 |
| Daily Std Dev | 12.38% | 20.38% |
| Max Drawdown | -80.01% | -59.89% |
| Current Drawdown | -16.00% | -39.78% |
Correlation
The correlation between ALTFX and ALMAX is 0.85, 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
ALTFX vs. ALMAX - Performance Comparison
In the year-to-date period, ALTFX achieves a 0.94% return, which is significantly higher than ALMAX's -0.41% return. Over the past 10 years, ALTFX has outperformed ALMAX with an annualized return of 9.82%, while ALMAX has yielded a comparatively lower 8.63% 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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ALTFX vs. ALMAX - Expense Ratio Comparison
ALTFX has a 1.02% expense ratio, which is lower than ALMAX's 1.20% expense ratio.
Risk-Adjusted Performance
ALTFX vs. ALMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Sustainable Global Thematic Fund (ALTFX) and Alger Weatherbie Specialized Growth Fund (ALMAX). 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
ALTFX vs. ALMAX - Dividend Comparison
ALTFX's dividend yield for the trailing twelve months is around 0.03%, while ALMAX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALTFX AB Sustainable Global Thematic Fund | 0.03% | 0.03% | 2.61% | 9.99% | 7.23% | 3.01% | 8.36% | 0.00% | 4.05% | 0.00% |
ALMAX Alger Weatherbie Specialized Growth Fund | 0.00% | 0.00% | 0.00% | 24.48% | 4.64% | 4.00% | 9.86% | 0.00% | 12.44% | 55.85% |
Drawdowns
ALTFX vs. ALMAX - Drawdown Comparison
The maximum ALTFX drawdown since its inception was -80.01%, which is greater than ALMAX's maximum drawdown of -59.89%. Use the drawdown chart below to compare losses from any high point for ALTFX and ALMAX. For additional features, visit the drawdowns tool.
Volatility
ALTFX vs. ALMAX - Volatility Comparison
The current volatility for AB Sustainable Global Thematic Fund (ALTFX) is 3.92%, while Alger Weatherbie Specialized Growth Fund (ALMAX) has a volatility of 6.21%. This indicates that ALTFX experiences smaller price fluctuations and is considered to be less risky than ALMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.