ATFV vs. MEIAX
Compare and contrast key facts about Alger 35 ETF (ATFV) and MFS Value Fund (MEIAX).
ATFV is a passively managed fund by Alger Group Holdings LLC that tracks the performance of the S&P 500. It was launched on May 4, 2021. MEIAX is managed by MFS. It was launched on Jan 2, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ATFV or MEIAX.
Key characteristics
| ATFV | MEIAX | |
|---|---|---|
| YTD Return | 40.75% | 17.78% |
| 1Y Return | 58.76% | 28.25% |
| 3Y Return (Ann) | 2.42% | 6.61% |
| Sharpe Ratio | 2.75 | 2.88 |
| Sortino Ratio | 3.42 | 4.07 |
| Omega Ratio | 1.44 | 1.53 |
| Calmar Ratio | 1.75 | 3.71 |
| Martin Ratio | 15.33 | 16.95 |
| Ulcer Index | 3.87% | 1.66% |
| Daily Std Dev | 21.59% | 9.74% |
| Max Drawdown | -45.34% | -52.28% |
| Current Drawdown | 0.00% | -0.54% |
Correlation
The correlation between ATFV and MEIAX is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ATFV vs. MEIAX - Performance Comparison
In the year-to-date period, ATFV achieves a 40.75% return, which is significantly higher than MEIAX's 17.78% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ATFV vs. MEIAX - Expense Ratio Comparison
ATFV has a 0.55% expense ratio, which is lower than MEIAX's 0.80% expense ratio.
Risk-Adjusted Performance
ATFV vs. MEIAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger 35 ETF (ATFV) and MFS Value Fund (MEIAX). 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.
Dividends
ATFV vs. MEIAX - Dividend Comparison
ATFV's dividend yield for the trailing twelve months is around 0.01%, less than MEIAX's 1.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATFV Alger 35 ETF | 0.01% | 0.01% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MEIAX MFS Value Fund | 1.40% | 1.54% | 1.69% | 1.15% | 1.39% | 1.72% | 1.84% | 1.32% | 1.78% | 6.23% | 5.09% | 3.66% |
Drawdowns
ATFV vs. MEIAX - Drawdown Comparison
The maximum ATFV drawdown since its inception was -45.34%, smaller than the maximum MEIAX drawdown of -52.28%. Use the drawdown chart below to compare losses from any high point for ATFV and MEIAX. For additional features, visit the drawdowns tool.
Volatility
ATFV vs. MEIAX - Volatility Comparison
Alger 35 ETF (ATFV) has a higher volatility of 6.10% compared to MFS Value Fund (MEIAX) at 3.41%. This indicates that ATFV's price experiences larger fluctuations and is considered to be riskier than MEIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.