ATFV vs. FMTM

Last updated Jun 24, 2026

ATFV (Alger 35 ETF) and FMTM (MarketDesk Focused U.S. Momentum ETF) are both exchange-traded funds - ATFV is a Large Cap Growth Equities fund tracking the S&P 500, while FMTM is a Momentum fund. ATFV is passively managed, while FMTM is actively managed. Over the past year, ATFV returned 42.99% vs 61.05% for FMTM. A 0.60 correlation means they provide meaningful diversification when combined. ATFV charges 0.55%/yr vs 0.45%/yr for FMTM.

Performance

ATFV vs. FMTM - Performance Comparison

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

Returns By Period

In the year-to-date period, ATFV achieves a 14.32% return, which is significantly lower than FMTM's 30.53% return.

ATFV

• 1D: -2.39%
• 1M: 1.71%
• YTD: 14.32%
• 6M: 12.11%
• 1Y: 42.99%
• 3Y*: 37.40%
• 5Y*: 13.59%
• 10Y*: —

FMTM

• 1D: -3.43%
• 1M: 4.31%
• YTD: 30.53%
• 6M: 28.10%
• 1Y: 61.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ATFV vs. FMTM - Yearly Performance Comparison

	2026 (YTD)	2025
ATFV Alger 35 ETF	14.32%	50.75%
FMTM MarketDesk Focused U.S. Momentum ETF	30.53%	28.21%

Correlation

The correlation between ATFV and FMTM is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025	0.60

The correlation between ATFV and FMTM has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.

Return for Risk

ATFV vs. FMTM — Risk / Return Rank

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

ATFV

ATFV Risk / Return Rank: 50
ATFV Sharpe Ratio Rank: 54
ATFV Sortino Ratio Rank: 50
ATFV Omega Ratio Rank: 48
ATFV Calmar Ratio Rank: 50
ATFV Martin Ratio Rank: 49

FMTM

FMTM Risk / Return Rank: 81
FMTM Sharpe Ratio Rank: 82
FMTM Sortino Ratio Rank: 72
FMTM Omega Ratio Rank: 74
FMTM Calmar Ratio Rank: 89
FMTM Martin Ratio Rank: 89

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. FMTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger 35 ETF (ATFV) and MarketDesk Focused U.S. Momentum ETF (FMTM). 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.

	ATFV	FMTM	Difference
Sharpe ratio: Return per unit of total volatility	1.75	2.53	-0.78
Sortino ratio: Return per unit of downside risk	2.36	3.09	-0.73
Omega ratio: Gain probability vs. loss probability	1.29	1.42	-0.12
Calmar ratio: Return relative to maximum drawdown	2.36	5.06	-2.70
Martin ratio: Return relative to average drawdown	7.90	19.29	-11.39

ATFV vs. FMTM - Sharpe Ratio Comparison

The current ATFV Sharpe Ratio is 1.75, which is lower than the FMTM Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of ATFV and FMTM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ATFV vs. FMTM - Drawdown Comparison

The maximum ATFV drawdown since its inception was -45.34%, which is greater than FMTM's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for ATFV and FMTM.

Drawdown Indicators

	ATFV	FMTM	Difference
Max Drawdown Largest peak-to-trough decline	-45.34%	-12.12%	-33.22%
Max Drawdown (1Y) Largest decline over 1 year	-18.29%	-12.12%	-6.17%
Max Drawdown (3Y) Largest decline over 3 years	-29.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.34%	—	—
Current Drawdown Current decline from peak	-4.50%	-3.43%	-1.07%
Average Drawdown Average peak-to-trough decline	-17.68%	-1.91%	-15.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.46%	3.17%	+2.29%

Volatility

ATFV vs. FMTM - Volatility Comparison

Alger 35 ETF (ATFV) has a higher volatility of 10.85% compared to MarketDesk Focused U.S. Momentum ETF (FMTM) at 9.38%. This indicates that ATFV's price experiences larger fluctuations and is considered to be riskier than FMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ATFV	FMTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.85%	9.38%	+1.47%
Volatility (6M) Calculated over the trailing 6-month period	19.23%	19.05%	+0.18%
Volatility (1Y) Calculated over the trailing 1-year period	24.74%	24.27%	+0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.92%	23.68%	+3.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.73%	23.68%	+3.05%

ATFV vs. FMTM - Expense Ratio Comparison

ATFV has a 0.55% expense ratio, which is higher than FMTM's 0.45% expense ratio.

Dividends

ATFV vs. FMTM - Dividend Comparison

ATFV's dividend yield for the trailing twelve months is around 0.18%, less than FMTM's 0.23% yield.

Position	TTM	2025	2024	2023	2022
ATFV Alger 35 ETF	0.18%	0.20%	0.16%	0.01%	0.06%
FMTM MarketDesk Focused U.S. Momentum ETF	0.23%	0.30%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ATFV and FMTM in my portfolio?

ATFV and FMTM have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ATFV or FMTM?

ATFV has higher volatility (10.85%) compared to FMTM (9.38%). In terms of maximum drawdown, ATFV dropped -45.34% vs FMTM's -12.12%.

Which ETF is better, ATFV or FMTM?

On 1-year performance, FMTM leads with 61.05% vs 42.99% for ATFV. On fees, FMTM is cheaper at 0.45% per year. On volatility, FMTM has been the lower-risk option at 9.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ATFV or FMTM?

Over the 1-year period, FMTM has performed better with a 61.05% return vs 42.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ATFV or FMTM?

FMTM is cheaper with a 0.45% expense ratio, compared with 0.55% for ATFV.

Which ETF pays a higher dividend yield, ATFV or FMTM?

FMTM has the higher dividend yield at 0.23%, compared with 0.18% for ATFV.

What is the main difference between ATFV and FMTM?

ATFV is categorized as Large Cap Growth Equities, while FMTM is Momentum. Their fees differ too: 0.55% for ATFV and 0.45% for FMTM.

Which has better risk-adjusted returns?

FMTM currently has the higher Sharpe Ratio (2.53 vs 1.75), 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.