PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ATVPX vs. FUMIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ATVPX vs. FUMIX

Last updated Jun 24, 2026

ATVPX (Alger 35 Fund) and FUMIX (Fidelity SAI U.S. Momentum Index Fund) are both Large Cap Growth Equities funds. Over the past 5 years, ATVPX returned 14.60%/yr vs 17.37%/yr for FUMIX. Their correlation of 0.85 suggests significant overlap in exposure. ATVPX charges 0.55%/yr vs 0.11%/yr for FUMIX.

Performance

ATVPX vs. FUMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger 35 Fund (ATVPX) and Fidelity SAI U.S. Momentum Index Fund (FUMIX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, ATVPX achieves a 20.61% return, which is significantly lower than FUMIX's 32.63% return.

ATVPX

1D
-0.76%
1M
4.73%
YTD
20.61%
6M
18.12%
1Y
49.28%
3Y*
39.12%
5Y*
14.60%
10Y*
—

FUMIX

1D
1.37%
1M
9.64%
YTD
32.63%
6M
30.51%
1Y
40.33%
3Y*
33.62%
5Y*
17.37%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ATVPX vs. FUMIX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
ATVPX
Alger 35 Fund		20.61%32.51%50.84%31.41%-36.36%10.91%68.05%14.00%
FUMIX
Fidelity SAI U.S. Momentum Index Fund		32.63%17.01%33.39%14.67%-15.79%22.56%29.92%13.23%

Correlation

The correlation between ATVPX and FUMIX is 0.78, 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

0.78

Correlation (3Y)
Calculated over the trailing 3-year period

0.84

Correlation (5Y)
Calculated over the trailing 5-year period

0.82

Correlation (All Time)
Calculated using the full available price history since Mar 15, 2019

0.85

The correlation between ATVPX and FUMIX has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Alger 35 Fund

Fidelity SAI U.S. Momentum Index Fund

Often compared with ATVPX:
ATVPX vs. AAGOXATVPX vs. PRWAXATVPX vs. ATFVATVPX vs. ALAFXATVPX vs. BIAFXATVPX vs. ELFNXATVPX vs. PGWCX
Often compared with FUMIX:
FUMIX vs. SPMOFUMIX vs. FUQIXFUMIX vs. ALVOXFUMIX vs. MTUMFUMIX vs. FSPGXFUMIX vs. XMMOFUMIX vs. VOO

Return for Risk

ATVPX vs. FUMIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ATVPX
ATVPX Risk / Return Rank: 5757
Overall Rank
ATVPX Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
ATVPX Sortino Ratio Rank: 5151
Sortino Ratio Rank
ATVPX Omega Ratio Rank: 4949
Omega Ratio Rank
ATVPX Calmar Ratio Rank: 6868
Calmar Ratio Rank
ATVPX Martin Ratio Rank: 5353
Martin Ratio Rank
FUMIX
FUMIX Risk / Return Rank: 7878
Overall Rank
FUMIX Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
FUMIX Sortino Ratio Rank: 6868
Sortino Ratio Rank
FUMIX Omega Ratio Rank: 6868
Omega Ratio Rank
FUMIX Calmar Ratio Rank: 8686
Calmar Ratio Rank
FUMIX Martin Ratio Rank: 9292
Martin Ratio Rank
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.

ATVPX vs. FUMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger 35 Fund (ATVPX) and Fidelity SAI U.S. Momentum Index Fund (FUMIX). 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.

ATVPXFUMIXDifference
Sharpe ratioReturn per unit of total volatility
2.16
2.31

-0.15

Sortino ratioReturn per unit of downside risk
2.75
3.13

-0.38

Omega ratioGain probability vs. loss probability

1.35

1.42

-0.06

Calmar ratioReturn relative to maximum drawdown

3.04

3.89

-0.85

Martin ratioReturn relative to average drawdown

10.17

17.44

-7.28

ATVPX vs. FUMIX - Sharpe Ratio Comparison

The current ATVPX Sharpe Ratio is 2.16, which is comparable to the FUMIX Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of ATVPX and FUMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

ATVPX vs. FUMIX - Drawdown Comparison

The maximum ATVPX drawdown since its inception was -53.35%, which is greater than FUMIX's maximum drawdown of -33.36%. Use the drawdown chart below to compare losses from any high point for ATVPX and FUMIX.

Loading charts...

Drawdown Indicators

ATVPXFUMIXDifference

Max Drawdown

Largest peak-to-trough decline

-53.35%

-33.36%

-19.99%

Max Drawdown (1Y)

Largest decline over 1 year

-16.74%

-10.99%

-5.75%

Max Drawdown (3Y)

Largest decline over 3 years

-28.19%

-19.90%

-8.29%

Max Drawdown (5Y)

Largest decline over 5 years

-53.35%

-27.66%

-25.69%

Current Drawdown

Current decline from peak

-0.97%

0.00%

-0.97%

Average Drawdown

Average peak-to-trough decline

-17.87%

-6.29%

-11.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.99%

2.44%

+2.55%

Volatility

ATVPX vs. FUMIX - Volatility Comparison

Alger 35 Fund (ATVPX) has a higher volatility of 8.97% compared to Fidelity SAI U.S. Momentum Index Fund (FUMIX) at 7.70%. This indicates that ATVPX's price experiences larger fluctuations and is considered to be riskier than FUMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

ATVPXFUMIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.97%

7.70%

+1.27%

Volatility (6M)

Calculated over the trailing 6-month period

18.29%

16.10%

+2.19%

Volatility (1Y)

Calculated over the trailing 1-year period

23.56%

18.50%

+5.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.62%

21.38%

+12.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.76%

21.83%

+9.93%

ATVPX vs. FUMIX - Expense Ratio Comparison

ATVPX has a 0.55% expense ratio, which is higher than FUMIX's 0.11% expense ratio.

Dividends

ATVPX vs. FUMIX - Dividend Comparison

ATVPX's dividend yield for the trailing twelve months is around 17.62%, more than FUMIX's 2.09% yield.

PositionTTM202520242023202220212020201920182017
ATVPX
Alger 35 Fund		17.62%21.25%0.00%0.00%0.02%36.00%17.24%0.17%0.00%0.00%
FUMIX
Fidelity SAI U.S. Momentum Index Fund		2.09%2.77%5.89%18.09%2.10%20.67%8.68%2.09%3.84%0.88%

Frequently Asked Questions

ATVPX and FUMIX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ATVPX has higher volatility (8.97%) compared to FUMIX (7.70%). In terms of maximum drawdown, ATVPX dropped -53.35% vs FUMIX's -33.36%.

FUMIX currently has the higher Sharpe Ratio (2.31 vs 2.16), 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.

Portfolio Optimizer

Find the right allocation for ATVPX and FUMIX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer