AMGOX vs. ALMAX
AMGOX (Alger Mid Cap Growth Portfolio Fund) and ALMAX (Alger Weatherbie Specialized Growth Fund) are both mutual funds - AMGOX is a Mid Cap Growth Equities fund managed by Alger, while ALMAX is a Small Cap Growth Equities fund managed by Alger. Over the past 10 years, AMGOX returned 13.17%/yr vs 9.64%/yr for ALMAX. Their correlation of 0.92 suggests significant overlap in exposure. AMGOX charges 0.92%/yr vs 1.20%/yr for ALMAX.
Performance
AMGOX vs. ALMAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AMGOX achieves a 8.48% return, which is significantly lower than ALMAX's 9.54% return. Over the past 10 years, AMGOX has outperformed ALMAX with an annualized return of 13.17%, while ALMAX has yielded a comparatively lower 9.64% annualized return.
AMGOX
- 1D
- -0.54%
- 1M
- 7.04%
- YTD
- 8.48%
- 6M
- 6.78%
- 1Y
- 20.19%
- 3Y*
- 18.09%
- 5Y*
- 3.50%
- 10Y*
- 13.17%
ALMAX
- 1D
- 0.07%
- 1M
- 6.56%
- YTD
- 9.54%
- 6M
- 6.19%
- 1Y
- 17.37%
- 3Y*
- 9.72%
- 5Y*
- -3.66%
- 10Y*
- 9.64%
AMGOX vs. ALMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMGOX Alger Mid Cap Growth Portfolio Fund | 8.48% | 16.76% | 21.07% | 23.17% | -36.14% | 5.45% | 64.79% | 30.24% | -7.42% | 26.90% |
ALMAX Alger Weatherbie Specialized Growth Fund | 9.54% | 0.50% | 13.78% | 11.22% | -38.11% | 5.83% | 56.85% | 39.17% | -4.10% | 21.83% |
Correlation
The correlation between AMGOX and ALMAX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2003 | 0.92 |
The correlation between AMGOX and ALMAX has been stable across timeframes, ranging from 0.82 to 0.92 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AMGOX vs. ALMAX — Risk / Return Rank
AMGOX
ALMAX
AMGOX vs. ALMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Mid Cap Growth Portfolio Fund (AMGOX) 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.
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.
| AMGOX | ALMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.15 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 0.90 | +0.42 |
| Martin ratioReturn relative to average drawdown | 4.20 | 2.75 | +1.46 |
Loading charts...
Drawdowns
AMGOX vs. ALMAX - Drawdown Comparison
The maximum AMGOX drawdown since its inception was -68.10%, which is greater than ALMAX's maximum drawdown of -60.51%. Use the drawdown chart below to compare losses from any high point for AMGOX and ALMAX.
Loading charts...
Drawdown Indicators
| AMGOX | ALMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.10% | -60.51% | -7.59% |
Max Drawdown (1Y)Largest decline over 1 year | -16.25% | -20.91% | +4.66% |
Max Drawdown (3Y)Largest decline over 3 years | -27.34% | -29.61% | +2.27% |
Max Drawdown (5Y)Largest decline over 5 years | -59.22% | -53.89% | -5.33% |
Max Drawdown (10Y)Largest decline over 10 years | -59.22% | -53.89% | -5.33% |
Current DrawdownCurrent decline from peak | -19.66% | -28.88% | +9.22% |
Average DrawdownAverage peak-to-trough decline | -17.71% | -17.36% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.10% | 6.84% | -1.74% |
Volatility
AMGOX vs. ALMAX - Volatility Comparison
Alger Mid Cap Growth Portfolio Fund (AMGOX) and Alger Weatherbie Specialized Growth Fund (ALMAX) have volatilities of 6.87% and 6.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AMGOX | ALMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.87% | 6.99% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 15.69% | 17.85% | -2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.03% | 22.43% | -2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.51% | 29.28% | +10.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.19% | 27.31% | +4.88% |
AMGOX vs. ALMAX - Expense Ratio Comparison
AMGOX has a 0.92% expense ratio, which is lower than ALMAX's 1.20% expense ratio.
Dividends
AMGOX vs. ALMAX - Dividend Comparison
Neither AMGOX nor ALMAX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
AMGOX Alger Mid Cap Growth Portfolio Fund | 0.00% | 0.00% | 0.00% | 0.00% | 3.72% | 55.13% | 12.13% | 12.09% | 18.59% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AMGOX and ALMAX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALMAX has higher volatility (6.99%) compared to AMGOX (6.87%). In terms of maximum drawdown, AMGOX dropped -68.10% vs ALMAX's -60.51%.
AMGOX currently has the higher Sharpe Ratio (1.07 vs 0.84), 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.
Find the right allocation for AMGOX and ALMAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer