ATFV vs. ATVPX

Last updated Jun 4, 2026

ATFV (Alger 35 ETF) and ATVPX (Alger 35 Fund) are both Large Cap Growth Equities funds. Over the past 5 years, ATFV returned 15.56%/yr vs 16.42%/yr for ATVPX. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.55% expense ratio.

Performance

ATFV vs. ATVPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger 35 ETF (ATFV) and Alger 35 Fund (ATVPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ATFV achieves a 16.46% return, which is significantly lower than ATVPX's 21.12% return.

ATFV

• 1D: -2.00%
• 1M: 8.35%
• YTD: 16.46%
• 6M: 16.04%
• 1Y: 48.62%
• 3Y*: 39.26%
• 5Y*: 15.56%
• 10Y*: —

ATVPX

• 1D: -0.55%
• 1M: 10.76%
• YTD: 21.12%
• 6M: 20.54%
• 1Y: 52.31%
• 3Y*: 40.21%
• 5Y*: 16.42%
• 10Y*: —

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

ATFV vs. ATVPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ATFV Alger 35 ETF	16.46%	38.20%	46.14%	32.75%	-35.97%	4.19%
ATVPX Alger 35 Fund	21.12%	32.51%	50.84%	31.41%	-36.36%	5.21%

Correlation

The correlation between ATFV and ATVPX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since May 5, 2021	0.94

The correlation between ATFV and ATVPX has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.

Return for Risk

ATFV vs. ATVPX — Risk / Return Rank

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

ATFV

ATFV Risk / Return Rank: 56
ATFV Sharpe Ratio Rank: 62
ATFV Sortino Ratio Rank: 58
ATFV Omega Ratio Rank: 55
ATFV Calmar Ratio Rank: 53
ATFV Martin Ratio Rank: 53

ATVPX

ATVPX Risk / Return Rank: 59
ATVPX Sharpe Ratio Rank: 68
ATVPX Sortino Ratio Rank: 52
ATVPX Omega Ratio Rank: 51
ATVPX Calmar Ratio Rank: 68
ATVPX Martin Ratio Rank: 54

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.

ATFV vs. ATVPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger 35 ETF (ATFV) and Alger 35 Fund (ATVPX). 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.

	ATFV	ATVPX	Difference
Sharpe ratio: Return per unit of total volatility	2.12	2.41	-0.28
Sortino ratio: Return per unit of downside risk	2.79	3.04	-0.25
Omega ratio: Gain probability vs. loss probability	1.35	1.39	-0.04
Calmar ratio: Return relative to maximum drawdown	2.67	3.21	-0.54
Martin ratio: Return relative to average drawdown	9.15	10.96	-1.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ATFV vs. ATVPX - Sharpe Ratio Comparison

The current ATFV Sharpe Ratio is 2.12, which is comparable to the ATVPX Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of ATFV and ATVPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ATFV	ATVPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	2.41	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.49	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.71	-0.12

Drawdowns

ATFV vs. ATVPX - Drawdown Comparison

The maximum ATFV drawdown since its inception was -45.34%, smaller than the maximum ATVPX drawdown of -53.35%. Use the drawdown chart below to compare losses from any high point for ATFV and ATVPX.

Drawdown Indicators

	ATFV	ATVPX	Difference
Max Drawdown Largest peak-to-trough decline	-45.34%	-53.35%	+8.01%
Max Drawdown (1Y) Largest decline over 1 year	-18.29%	-16.74%	-1.55%
Max Drawdown (3Y) Largest decline over 3 years	-29.01%	-28.19%	-0.82%
Max Drawdown (5Y) Largest decline over 5 years	-45.34%	-53.35%	+8.01%
Current Drawdown Current decline from peak	-2.72%	-0.55%	-2.17%
Average Drawdown Average peak-to-trough decline	-17.81%	-17.98%	+0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.33%	4.89%	+0.44%

Volatility

ATFV vs. ATVPX - Volatility Comparison

Alger 35 ETF (ATFV) has a higher volatility of 7.65% compared to Alger 35 Fund (ATVPX) at 5.64%. This indicates that ATFV's price experiences larger fluctuations and is considered to be riskier than ATVPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ATFV	ATVPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.65%	5.64%	+2.01%
Volatility (6M) Calculated over the trailing 6-month period	17.34%	16.99%	+0.35%
Volatility (1Y) Calculated over the trailing 1-year period	23.00%	22.33%	+0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.62%	33.45%	-6.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.55%	31.74%	-5.19%

ATFV vs. ATVPX - Expense Ratio Comparison

Both ATFV and ATVPX have an expense ratio of 0.55%.

Dividends

ATFV vs. ATVPX - Dividend Comparison

ATFV's dividend yield for the trailing twelve months is around 0.17%, less than ATVPX's 17.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ATFV Alger 35 ETF	0.17%	0.20%	0.16%	0.01%	0.06%	0.00%	0.00%	0.00%
ATVPX Alger 35 Fund	17.55%	21.25%	0.00%	0.00%	0.02%	36.00%	17.24%	0.17%

Frequently Asked Questions

Can I hold both ATFV and ATVPX in my portfolio?

With a correlation of 0.97, ATFV and ATVPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ATFV or ATVPX?

ATFV has higher volatility (7.65%) compared to ATVPX (5.64%). In terms of maximum drawdown, ATFV dropped -45.34% vs ATVPX's -53.35%.

Which has better risk-adjusted returns?

ATVPX currently has the higher Sharpe Ratio (2.41 vs 2.12), 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.