ATFV vs. FRTY

Last updated Jun 4, 2026

ATFV (Alger 35 ETF) and FRTY (Alger Mid Cap 40 ETF) are both exchange-traded funds - ATFV is a Large Cap Growth Equities fund tracking the S&P 500, while FRTY is a Mid Cap Growth Equities fund actively managed by Alger Group Holdings LLC. ATFV is passively managed, while FRTY is actively managed. Over the past 5 years, ATFV returned 15.56%/yr vs 4.95%/yr for FRTY. Their correlation of 0.82 suggests significant overlap in exposure. ATFV charges 0.55%/yr vs 0.60%/yr for FRTY.

Performance

ATFV vs. FRTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger 35 ETF (ATFV) and Alger Mid Cap 40 ETF (FRTY). 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 higher than FRTY's 12.43% return.

ATFV

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

FRTY

• 1D: -0.76%
• 1M: 10.48%
• YTD: 12.43%
• 6M: 12.10%
• 1Y: 30.04%
• 3Y*: 23.96%
• 5Y*: 4.95%
• 10Y*: —

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

ATFV vs. FRTY - 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%
FRTY Alger Mid Cap 40 ETF	12.43%	12.82%	38.86%	16.81%	-42.23%	6.72%

Correlation

The correlation between ATFV and FRTY is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since May 5, 2021	0.82

The correlation between ATFV and FRTY has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.

ATFV vs. FRTY - Sectors Allocation Comparison

Sectors	ATFV	FRTY
Technology	42.1%	24.1%
Communication Services	25.8%	13.5%
Consumer Cyclical	10.2%	8.0%
Healthcare	8.6%	20.2%
Industrials	8.2%	14.5%
Utilities	2.7%	6.0%
Financial Services	2.5%	4.5%
Basic Materials	-	-
Consumer Defensive	-	1.0%
Energy	-	6.6%
Real Estate	-	-

Return for Risk

ATFV vs. FRTY — 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

FRTY

FRTY Risk / Return Rank: 30
FRTY Sharpe Ratio Rank: 32
FRTY Sortino Ratio Rank: 31
FRTY Omega Ratio Rank: 30
FRTY Calmar Ratio Rank: 31
FRTY Martin Ratio Rank: 28

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. FRTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger 35 ETF (ATFV) and Alger Mid Cap 40 ETF (FRTY). 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	FRTY	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.17	+0.96
Sortino ratio: Return per unit of downside risk	2.79	1.66	+1.12
Omega ratio: Gain probability vs. loss probability	1.35	1.20	+0.15
Calmar ratio: Return relative to maximum drawdown	2.67	1.53	+1.14
Martin ratio: Return relative to average drawdown	9.15	3.97	+5.18
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. FRTY - Sharpe Ratio Comparison

The current ATFV Sharpe Ratio is 2.12, which is higher than the FRTY Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of ATFV and FRTY, 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	FRTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	1.17	+0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.18	+0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.14	+0.45

Drawdowns

ATFV vs. FRTY - Drawdown Comparison

The maximum ATFV drawdown since its inception was -45.34%, smaller than the maximum FRTY drawdown of -53.15%. Use the drawdown chart below to compare losses from any high point for ATFV and FRTY.

Drawdown Indicators

	ATFV	FRTY	Difference
Max Drawdown Largest peak-to-trough decline	-45.34%	-53.15%	+7.81%
Max Drawdown (1Y) Largest decline over 1 year	-18.29%	-19.75%	+1.46%
Max Drawdown (3Y) Largest decline over 3 years	-29.01%	-31.48%	+2.47%
Max Drawdown (5Y) Largest decline over 5 years	-45.34%	-53.15%	+7.81%
Current Drawdown Current decline from peak	-2.72%	-0.76%	-1.96%
Average Drawdown Average peak-to-trough decline	-17.81%	-27.97%	+10.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.33%	7.59%	-2.26%

Volatility

ATFV vs. FRTY - Volatility Comparison

The current volatility for Alger 35 ETF (ATFV) is 7.65%, while Alger Mid Cap 40 ETF (FRTY) has a volatility of 9.01%. This indicates that ATFV experiences smaller price fluctuations and is considered to be less risky than FRTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ATFV	FRTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.65%	9.01%	-1.36%
Volatility (6M) Calculated over the trailing 6-month period	17.34%	18.38%	-1.04%
Volatility (1Y) Calculated over the trailing 1-year period	23.00%	25.86%	-2.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.62%	27.19%	-0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.55%	27.11%	-0.56%

ATFV vs. FRTY - Expense Ratio Comparison

ATFV has a 0.55% expense ratio, which is lower than FRTY's 0.60% expense ratio.

Dividends

ATFV vs. FRTY - Dividend Comparison

ATFV's dividend yield for the trailing twelve months is around 0.17%, which matches FRTY's 0.17% yield.

Position	TTM	2025	2024	2023	2022	2021
ATFV Alger 35 ETF	0.17%	0.20%	0.16%	0.01%	0.06%	0.00%
FRTY Alger Mid Cap 40 ETF	0.17%	0.19%	0.10%	0.00%	0.00%	5.35%

Frequently Asked Questions

Can I hold both ATFV and FRTY in my portfolio?

ATFV and FRTY have a correlation of 0.84, 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 FRTY?

FRTY has higher volatility (9.01%) compared to ATFV (7.65%). In terms of maximum drawdown, ATFV dropped -45.34% vs FRTY's -53.15%.

Which ETF is better, ATFV or FRTY?

On 5-year performance, ATFV leads with 15.56% vs 4.95% for FRTY. On fees, ATFV is cheaper at 0.55% per year. On volatility, ATFV has been the lower-risk option at 7.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ATFV or FRTY?

Over the 5-year period, ATFV has performed better with a 15.56% return vs 4.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ATFV or FRTY?

ATFV is cheaper with a 0.55% expense ratio, compared with 0.60% for FRTY.

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

ATFV and FRTY have nearly identical dividend yields, around 0.17%.

What is the main difference between ATFV and FRTY?

ATFV is categorized as Large Cap Growth Equities, while FRTY is Mid Cap Growth Equities. Their fees differ too: 0.55% for ATFV and 0.60% for FRTY.

Which has better risk-adjusted returns?

ATFV currently has the higher Sharpe Ratio (2.12 vs 1.17), 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.