AMCGX vs. ALMAX
Compare and contrast key facts about Alger Mid Cap Growth Fund (AMCGX) and Alger Weatherbie Specialized Growth Fund (ALMAX).
AMCGX is managed by Alger. It was launched on May 24, 1993. ALMAX is managed by Alger. It was launched on May 8, 2002.
Performance
AMCGX vs. ALMAX - Performance Comparison
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AMCGX vs. ALMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMCGX Alger Mid Cap Growth Fund | -11.94% | 16.63% | 20.10% | 22.85% | -35.19% | -29.98% | 63.90% | 29.63% | -8.03% | 27.39% |
ALMAX Alger Weatherbie Specialized Growth Fund | -15.06% | 0.50% | 13.78% | 11.22% | -38.11% | 5.83% | 56.85% | 39.17% | -4.10% | 21.83% |
Returns By Period
In the year-to-date period, AMCGX achieves a -11.94% return, which is significantly higher than ALMAX's -15.06% return. Over the past 10 years, AMCGX has underperformed ALMAX with an annualized return of 5.98%, while ALMAX has yielded a comparatively higher 6.97% annualized return.
AMCGX
- 1D
- -1.10%
- 1M
- -11.94%
- YTD
- -11.94%
- 6M
- -14.09%
- 1Y
- 13.82%
- 3Y*
- 11.49%
- 5Y*
- -7.60%
- 10Y*
- 5.98%
ALMAX
- 1D
- -0.75%
- 1M
- -11.84%
- YTD
- -15.06%
- 6M
- -13.51%
- 1Y
- 0.51%
- 3Y*
- 1.57%
- 5Y*
- -6.88%
- 10Y*
- 6.97%
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AMCGX vs. ALMAX - Expense Ratio Comparison
AMCGX has a 1.93% expense ratio, which is higher than ALMAX's 1.20% expense ratio.
Return for Risk
AMCGX vs. ALMAX — Risk / Return Rank
AMCGX
ALMAX
AMCGX vs. ALMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Mid Cap Growth Fund (AMCGX) 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.
| AMCGX | ALMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.55 | 0.01 | +0.54 |
Sortino ratioReturn per unit of downside risk | 0.92 | 0.19 | +0.73 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.02 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.67 | -0.11 | +0.79 |
Martin ratioReturn relative to average drawdown | 2.34 | -0.40 | +2.74 |
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
| AMCGX | ALMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 0.01 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.25 | -0.24 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.26 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.29 | -0.08 |
Correlation
The correlation between AMCGX and ALMAX is 0.92, 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
AMCGX vs. ALMAX - Dividend Comparison
Neither AMCGX nor ALMAX has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMCGX Alger Mid Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 13.34% | 13.72% | 10.98% | 7.59% | 0.00% | 0.00% | 0.00% |
ALMAX Alger Weatherbie Specialized Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 24.48% | 4.64% | 4.00% | 9.86% | 0.00% | 12.44% | 55.85% |
Drawdowns
AMCGX vs. ALMAX - Drawdown Comparison
The maximum AMCGX drawdown since its inception was -74.93%, which is greater than ALMAX's maximum drawdown of -60.51%. Use the drawdown chart below to compare losses from any high point for AMCGX and ALMAX.
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Drawdown Indicators
| AMCGX | ALMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.93% | -60.51% | -14.42% |
Max Drawdown (1Y)Largest decline over 1 year | -16.20% | -20.91% | +4.71% |
Max Drawdown (5Y)Largest decline over 5 years | -64.50% | -53.89% | -10.61% |
Max Drawdown (10Y)Largest decline over 10 years | -64.50% | -53.89% | -10.61% |
Current DrawdownCurrent decline from peak | -43.96% | -44.85% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -22.97% | -17.19% | -5.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.66% | 6.01% | -1.35% |
Volatility
AMCGX vs. ALMAX - Volatility Comparison
The current volatility for Alger Mid Cap Growth Fund (AMCGX) is 6.40%, while Alger Weatherbie Specialized Growth Fund (ALMAX) has a volatility of 7.42%. This indicates that AMCGX 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.
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Volatility by Period
| AMCGX | ALMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 7.42% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 14.59% | 15.17% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.93% | 24.27% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.64% | 29.06% | +1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.71% | 27.09% | -0.38% |