AOFIX vs. ETEGX
Compare and contrast key facts about Alger Small Cap Focus Fund (AOFIX) and Eaton Vance Small-Cap Fund (ETEGX).
AOFIX is managed by Alger. It was launched on Mar 3, 2008. ETEGX is managed by Eaton Vance. It was launched on Jan 2, 1997.
Performance
AOFIX vs. ETEGX - Performance Comparison
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AOFIX vs. ETEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AOFIX Alger Small Cap Focus Fund | -12.19% | 6.96% | 13.76% | 9.88% | -37.62% | -14.06% | 53.29% | 24.16% | 14.16% | 27.72% |
ETEGX Eaton Vance Small-Cap Fund | -4.42% | -6.20% | 14.65% | 11.28% | -15.52% | 21.45% | 12.73% | 27.57% | -6.00% | 14.87% |
Returns By Period
In the year-to-date period, AOFIX achieves a -12.19% return, which is significantly lower than ETEGX's -4.42% return. Both investments have delivered pretty close results over the past 10 years, with AOFIX having a 7.64% annualized return and ETEGX not far ahead at 7.90%.
AOFIX
- 1D
- -2.21%
- 1M
- -13.58%
- YTD
- -12.19%
- 6M
- -9.04%
- 1Y
- 13.89%
- 3Y*
- 4.33%
- 5Y*
- -8.08%
- 10Y*
- 7.64%
ETEGX
- 1D
- -0.23%
- 1M
- -9.24%
- YTD
- -4.42%
- 6M
- -6.71%
- 1Y
- -6.33%
- 3Y*
- 2.41%
- 5Y*
- 1.35%
- 10Y*
- 7.90%
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AOFIX vs. ETEGX - Expense Ratio Comparison
AOFIX has a 1.14% expense ratio, which is lower than ETEGX's 1.21% expense ratio.
Return for Risk
AOFIX vs. ETEGX — Risk / Return Rank
AOFIX
ETEGX
AOFIX vs. ETEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Small Cap Focus Fund (AOFIX) and Eaton Vance Small-Cap Fund (ETEGX). 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.
| AOFIX | ETEGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.41 | -0.31 | +0.72 |
Sortino ratioReturn per unit of downside risk | 0.78 | -0.33 | +1.10 |
Omega ratioGain probability vs. loss probability | 1.09 | 0.96 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.46 | -0.58 | +1.04 |
Martin ratioReturn relative to average drawdown | 1.71 | -1.39 | +3.09 |
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
| AOFIX | ETEGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | -0.31 | +0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.29 | 0.07 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.40 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.27 | -0.04 |
Correlation
The correlation between AOFIX and ETEGX is 0.83, 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
AOFIX vs. ETEGX - Dividend Comparison
AOFIX has not paid dividends to shareholders, while ETEGX's dividend yield for the trailing twelve months is around 8.61%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOFIX Alger Small Cap Focus Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 6.94% | 0.00% | 2.36% | 0.85% | 0.00% | 0.00% | 0.00% |
ETEGX Eaton Vance Small-Cap Fund | 8.61% | 8.23% | 5.13% | 0.68% | 3.22% | 13.87% | 1.06% | 7.19% | 12.29% | 11.02% | 13.88% | 23.25% |
Drawdowns
AOFIX vs. ETEGX - Drawdown Comparison
The maximum AOFIX drawdown since its inception was -60.19%, smaller than the maximum ETEGX drawdown of -67.58%. Use the drawdown chart below to compare losses from any high point for AOFIX and ETEGX.
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Drawdown Indicators
| AOFIX | ETEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.19% | -67.58% | +7.39% |
Max Drawdown (1Y)Largest decline over 1 year | -19.88% | -13.05% | -6.83% |
Max Drawdown (5Y)Largest decline over 5 years | -55.64% | -24.30% | -31.34% |
Max Drawdown (10Y)Largest decline over 10 years | -60.19% | -36.66% | -23.53% |
Current DrawdownCurrent decline from peak | -46.23% | -15.60% | -30.63% |
Average DrawdownAverage peak-to-trough decline | -19.25% | -22.84% | +3.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.34% | 5.43% | -0.09% |
Volatility
AOFIX vs. ETEGX - Volatility Comparison
Alger Small Cap Focus Fund (AOFIX) has a higher volatility of 9.39% compared to Eaton Vance Small-Cap Fund (ETEGX) at 4.80%. This indicates that AOFIX's price experiences larger fluctuations and is considered to be riskier than ETEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOFIX | ETEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.39% | 4.80% | +4.59% |
Volatility (6M)Calculated over the trailing 6-month period | 19.29% | 10.97% | +8.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.37% | 19.66% | +8.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.85% | 18.73% | +9.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.10% | 19.81% | +6.29% |