ALZFX vs. QQQ
Compare and contrast key facts about Alger Focus Equity Fund Class Z (ALZFX) and Invesco QQQ ETF (QQQ).
ALZFX is an actively managed fund by Alger. It was launched on Nov 8, 1993. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Performance
ALZFX vs. QQQ - Performance Comparison
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ALZFX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALZFX Alger Focus Equity Fund Class Z | -9.33% | 40.08% | 52.22% | 44.63% | -35.75% | 20.37% | 46.19% | 34.29% | 1.68% | 29.12% |
QQQ Invesco QQQ ETF | -4.76% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, ALZFX achieves a -9.33% return, which is significantly lower than QQQ's -4.76% return. Both investments have delivered pretty close results over the past 10 years, with ALZFX having a 19.19% annualized return and QQQ not far behind at 18.99%.
ALZFX
- 1D
- 4.93%
- 1M
- -4.33%
- YTD
- -9.33%
- 6M
- -10.26%
- 1Y
- 41.15%
- 3Y*
- 34.55%
- 5Y*
- 15.64%
- 10Y*
- 19.19%
QQQ
- 1D
- 1.24%
- 1M
- -3.79%
- YTD
- -4.76%
- 6M
- -2.89%
- 1Y
- 24.21%
- 3Y*
- 22.83%
- 5Y*
- 13.16%
- 10Y*
- 18.99%
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ALZFX vs. QQQ - Expense Ratio Comparison
ALZFX has a 0.63% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
ALZFX vs. QQQ — Risk / Return Rank
ALZFX
QQQ
ALZFX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Focus Equity Fund Class Z (ALZFX) and Invesco QQQ ETF (QQQ). 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.
| ALZFX | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 1.07 | +0.51 |
Sortino ratioReturn per unit of downside risk | 2.22 | 1.66 | +0.56 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.24 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.43 | 2.00 | +0.43 |
Martin ratioReturn relative to average drawdown | 8.21 | 7.32 | +0.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ALZFX | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 1.07 | +0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.59 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.86 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.38 | +0.45 |
Correlation
The correlation between ALZFX and QQQ is 0.94, 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.
Dividends
ALZFX vs. QQQ - Dividend Comparison
ALZFX's dividend yield for the trailing twelve months is around 8.31%, more than QQQ's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALZFX Alger Focus Equity Fund Class Z | 8.31% | 7.53% | 0.00% | 0.12% | 0.10% | 13.63% | 6.16% | 2.21% | 5.55% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
ALZFX vs. QQQ - Drawdown Comparison
The maximum ALZFX drawdown since its inception was -43.22%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for ALZFX and QQQ.
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Drawdown Indicators
| ALZFX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.22% | -82.97% | +39.75% |
Max Drawdown (1Y)Largest decline over 1 year | -17.45% | -12.62% | -4.83% |
Max Drawdown (5Y)Largest decline over 5 years | -43.22% | -35.12% | -8.10% |
Max Drawdown (10Y)Largest decline over 10 years | -43.22% | -35.12% | -8.10% |
Current DrawdownCurrent decline from peak | -13.38% | -7.86% | -5.52% |
Average DrawdownAverage peak-to-trough decline | -7.60% | -32.99% | +25.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 3.44% | +1.72% |
Volatility
ALZFX vs. QQQ - Volatility Comparison
Alger Focus Equity Fund Class Z (ALZFX) has a higher volatility of 9.21% compared to Invesco QQQ ETF (QQQ) at 6.61%. This indicates that ALZFX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALZFX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.21% | 6.61% | +2.60% |
Volatility (6M)Calculated over the trailing 6-month period | 17.06% | 12.82% | +4.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.50% | 22.70% | +4.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.07% | 22.38% | +3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.85% | 22.25% | +1.60% |