ASILX vs. SPEDX
Compare and contrast key facts about AB Select US Long/Short Portfolio (ASILX) and Alger Dynamic Opportunities Fund (SPEDX).
ASILX is managed by AllianceBernstein. It was launched on Dec 11, 2012. SPEDX is managed by Alger. It was launched on Nov 1, 2009.
Performance
ASILX vs. SPEDX - Performance Comparison
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ASILX vs. SPEDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASILX AB Select US Long/Short Portfolio | -1.59% | 9.77% | 18.46% | 11.06% | -9.94% | 17.81% | 10.23% | 17.17% | -1.61% | 12.61% |
SPEDX Alger Dynamic Opportunities Fund | -6.41% | 6.22% | 23.03% | 4.24% | -13.90% | 3.96% | 47.30% | 12.79% | -2.32% | 9.46% |
Returns By Period
In the year-to-date period, ASILX achieves a -1.59% return, which is significantly higher than SPEDX's -6.41% return. Over the past 10 years, ASILX has outperformed SPEDX with an annualized return of 8.50%, while SPEDX has yielded a comparatively lower 7.60% annualized return.
ASILX
- 1D
- 0.85%
- 1M
- -1.86%
- YTD
- -1.59%
- 6M
- -0.37%
- 1Y
- 8.61%
- 3Y*
- 12.19%
- 5Y*
- 7.32%
- 10Y*
- 8.50%
SPEDX
- 1D
- 0.88%
- 1M
- -1.33%
- YTD
- -6.41%
- 6M
- -7.69%
- 1Y
- 4.68%
- 3Y*
- 8.59%
- 5Y*
- 1.72%
- 10Y*
- 7.60%
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ASILX vs. SPEDX - Expense Ratio Comparison
ASILX has a 1.55% expense ratio, which is higher than SPEDX's 0.91% expense ratio.
Return for Risk
ASILX vs. SPEDX — Risk / Return Rank
ASILX
SPEDX
ASILX vs. SPEDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Select US Long/Short Portfolio (ASILX) and Alger Dynamic Opportunities Fund (SPEDX). 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.
| ASILX | SPEDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 0.48 | +0.84 |
Sortino ratioReturn per unit of downside risk | 1.85 | 0.72 | +1.13 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.09 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 2.48 | 0.54 | +1.93 |
Martin ratioReturn relative to average drawdown | 8.71 | 1.64 | +7.07 |
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
| ASILX | SPEDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 0.48 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.14 | +0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 0.60 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.48 | +0.43 |
Correlation
The correlation between ASILX and SPEDX is 0.73, 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
ASILX vs. SPEDX - Dividend Comparison
ASILX's dividend yield for the trailing twelve months is around 13.36%, more than SPEDX's 0.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASILX AB Select US Long/Short Portfolio | 13.36% | 13.15% | 7.18% | 1.41% | 6.51% | 11.92% | 4.28% | 3.54% | 8.71% | 5.03% | 0.00% | 3.35% |
SPEDX Alger Dynamic Opportunities Fund | 0.10% | 0.09% | 0.00% | 0.00% | 0.00% | 5.69% | 4.94% | 3.75% | 1.92% | 0.00% | 0.32% | 0.00% |
Drawdowns
ASILX vs. SPEDX - Drawdown Comparison
The maximum ASILX drawdown since its inception was -18.36%, smaller than the maximum SPEDX drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for ASILX and SPEDX.
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Drawdown Indicators
| ASILX | SPEDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.36% | -29.02% | +10.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -9.18% | +5.56% |
Max Drawdown (5Y)Largest decline over 5 years | -12.30% | -29.02% | +16.72% |
Max Drawdown (10Y)Largest decline over 10 years | -18.36% | -29.02% | +10.66% |
Current DrawdownCurrent decline from peak | -2.79% | -8.39% | +5.60% |
Average DrawdownAverage peak-to-trough decline | -2.49% | -7.00% | +4.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 3.04% | -2.01% |
Volatility
ASILX vs. SPEDX - Volatility Comparison
The current volatility for AB Select US Long/Short Portfolio (ASILX) is 1.51%, while Alger Dynamic Opportunities Fund (SPEDX) has a volatility of 2.82%. This indicates that ASILX experiences smaller price fluctuations and is considered to be less risky than SPEDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASILX | SPEDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 2.82% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 4.09% | 7.66% | -3.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.63% | 10.44% | -3.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.05% | 12.00% | -3.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.30% | 12.78% | -3.48% |