AMCGX vs. CTIGX

Last updated Apr 1, 2026

Compare and contrast key facts about Alger Mid Cap Growth Fund (AMCGX) and Calamos Timpani SMID Growth Fund (CTIGX).

AMCGX is managed by Alger. It was launched on May 24, 1993. CTIGX is managed by Calamos. It was launched on Jul 31, 2019.

Performance

AMCGX vs. CTIGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger Mid Cap Growth Fund (AMCGX) and Calamos Timpani SMID Growth Fund (CTIGX). The values are adjusted to include any dividend payments, if applicable.

AMCGX vs. CTIGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AMCGX Alger Mid Cap Growth Fund	-11.94%	16.63%	20.10%	22.85%	-35.19%	-29.98%	63.90%	-1.70%
CTIGX Calamos Timpani SMID Growth Fund	-5.11%	21.21%	44.09%	12.26%	-34.88%	7.64%	58.94%	-3.80%

Returns By Period

In the year-to-date period, AMCGX achieves a -11.94% return, which is significantly lower than CTIGX's -5.11% 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%

CTIGX

• 1D: -3.45%
• 1M: -9.97%
• YTD: -5.11%
• 6M: -0.49%
• 1Y: 31.37%
• 3Y*: 20.88%
• 5Y*: 4.28%
• 10Y*: —

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

AMCGX vs. CTIGX - Expense Ratio Comparison

AMCGX has a 1.93% expense ratio, which is higher than CTIGX's 1.10% expense ratio.

AMCGX

Alger Mid Cap Growth Fund

CTIGX

Calamos Timpani SMID Growth Fund

Return for Risk

AMCGX vs. CTIGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMCGX

AMCGX Risk / Return Rank: 22
AMCGX Sharpe Ratio Rank: 21
AMCGX Sortino Ratio Rank: 23
AMCGX Omega Ratio Rank: 20
AMCGX Calmar Ratio Rank: 23
AMCGX Martin Ratio Rank: 22

CTIGX

CTIGX Risk / Return Rank: 73
CTIGX Sharpe Ratio Rank: 65
CTIGX Sortino Ratio Rank: 67
CTIGX Omega Ratio Rank: 56
CTIGX Calmar Ratio Rank: 91
CTIGX Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMCGX vs. CTIGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger Mid Cap Growth Fund (AMCGX) and Calamos Timpani SMID Growth Fund (CTIGX). 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	CTIGX	Difference
Sharpe ratio Return per unit of total volatility	0.55	1.17	-0.62
Sortino ratio Return per unit of downside risk	0.92	1.68	-0.76
Omega ratio Gain probability vs. loss probability	1.12	1.22	-0.10
Calmar ratio Return relative to maximum drawdown	0.67	2.60	-1.93
Martin ratio Return relative to average drawdown	2.34	9.43	-7.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMCGX vs. CTIGX - Sharpe Ratio Comparison

The current AMCGX Sharpe Ratio is 0.55, which is lower than the CTIGX Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of AMCGX and CTIGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AMCGX	CTIGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.55	1.17	-0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.25	0.16	-0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.38	-0.17

Correlation

The correlation between AMCGX and CTIGX is 0.93, 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. CTIGX - Dividend Comparison

AMCGX has not paid dividends to shareholders, while CTIGX's dividend yield for the trailing twelve months is around 4.84%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AMCGX Alger Mid Cap Growth Fund	0.00%	0.00%	0.00%	0.00%	0.00%	13.34%	13.72%	10.98%	7.59%
CTIGX Calamos Timpani SMID Growth Fund	4.84%	4.59%	2.80%	0.00%	0.00%	11.76%	0.00%	0.00%	0.00%

Drawdowns

AMCGX vs. CTIGX - Drawdown Comparison

The maximum AMCGX drawdown since its inception was -74.93%, which is greater than CTIGX's maximum drawdown of -46.26%. Use the drawdown chart below to compare losses from any high point for AMCGX and CTIGX.

Drawdown Indicators

	AMCGX	CTIGX	Difference
Max Drawdown Largest peak-to-trough decline	-74.93%	-46.26%	-28.67%
Max Drawdown (1Y) Largest decline over 1 year	-16.20%	-11.56%	-4.64%
Max Drawdown (5Y) Largest decline over 5 years	-64.50%	-46.26%	-18.24%
Max Drawdown (10Y) Largest decline over 10 years	-64.50%	—	—
Current Drawdown Current decline from peak	-43.96%	-11.56%	-32.40%
Average Drawdown Average peak-to-trough decline	-22.97%	-19.06%	-3.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.66%	3.19%	+1.47%

Volatility

AMCGX vs. CTIGX - Volatility Comparison

The current volatility for Alger Mid Cap Growth Fund (AMCGX) is 6.40%, while Calamos Timpani SMID Growth Fund (CTIGX) has a volatility of 11.44%. This indicates that AMCGX experiences smaller price fluctuations and is considered to be less risky than CTIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMCGX	CTIGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.40%	11.44%	-5.04%
Volatility (6M) Calculated over the trailing 6-month period	14.59%	20.05%	-5.46%
Volatility (1Y) Calculated over the trailing 1-year period	23.93%	28.24%	-4.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.64%	26.74%	+3.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.71%	29.03%	-2.32%