BFOCX vs. AAIZX

Last updated Apr 2, 2026

Compare and contrast key facts about Berkshire Focus Fund (BFOCX) and Alger AI Enablers & Adopters Z (AAIZX).

BFOCX is managed by Berkshire. It was launched on Jun 30, 1997. AAIZX is an actively managed fund by Alger. It was launched on Apr 4, 2024.

Performance

BFOCX vs. AAIZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Berkshire Focus Fund (BFOCX) and Alger AI Enablers & Adopters Z (AAIZX). The values are adjusted to include any dividend payments, if applicable.

BFOCX vs. AAIZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BFOCX Berkshire Focus Fund	-1.11%	28.67%	28.68%
AAIZX Alger AI Enablers & Adopters Z	-7.82%	41.00%	33.76%

Returns By Period

In the year-to-date period, BFOCX achieves a -1.11% return, which is significantly higher than AAIZX's -7.82% return.

BFOCX

• 1D: 6.92%
• 1M: -1.41%
• YTD: -1.11%
• 6M: -6.40%
• 1Y: 56.04%
• 3Y*: 35.46%
• 5Y*: 1.76%
• 10Y*: 16.87%

AAIZX

• 1D: 4.88%
• 1M: -2.33%
• YTD: -7.82%
• 6M: -10.37%
• 1Y: 46.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BFOCX vs. AAIZX - Expense Ratio Comparison

BFOCX has a 1.94% expense ratio, which is higher than AAIZX's 0.55% expense ratio.

BFOCX

Berkshire Focus Fund

AAIZX

Alger AI Enablers & Adopters Z

Return for Risk

BFOCX vs. AAIZX — Risk / Return Rank

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

BFOCX

BFOCX Risk / Return Rank: 80
BFOCX Sharpe Ratio Rank: 76
BFOCX Sortino Ratio Rank: 76
BFOCX Omega Ratio Rank: 69
BFOCX Calmar Ratio Rank: 94
BFOCX Martin Ratio Rank: 85

AAIZX

AAIZX Risk / Return Rank: 83
AAIZX Sharpe Ratio Rank: 84
AAIZX Sortino Ratio Rank: 84
AAIZX Omega Ratio Rank: 78
AAIZX Calmar Ratio Rank: 90
AAIZX Martin Ratio Rank: 77

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.

BFOCX vs. AAIZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Berkshire Focus Fund (BFOCX) and Alger AI Enablers & Adopters Z (AAIZX). 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.

	BFOCX	AAIZX	Difference
Sharpe ratio Return per unit of total volatility	1.40	1.68	-0.28
Sortino ratio Return per unit of downside risk	1.96	2.33	-0.37
Omega ratio Gain probability vs. loss probability	1.27	1.31	-0.05
Calmar ratio Return relative to maximum drawdown	3.21	2.71	+0.50
Martin ratio Return relative to average drawdown	9.03	8.16	+0.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BFOCX vs. AAIZX - Sharpe Ratio Comparison

The current BFOCX Sharpe Ratio is 1.40, which is comparable to the AAIZX Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of BFOCX and AAIZX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BFOCX	AAIZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	1.68	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	1.17	-1.15

Correlation

The correlation between BFOCX and AAIZX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

BFOCX vs. AAIZX - Dividend Comparison

BFOCX has not paid dividends to shareholders, while AAIZX's dividend yield for the trailing twelve months is around 6.85%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BFOCX Berkshire Focus Fund	0.00%	0.00%	0.00%	0.00%	0.00%	19.54%	21.20%	14.20%	5.70%	21.73%	0.14%	9.52%
AAIZX Alger AI Enablers & Adopters Z	6.85%	6.31%	4.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

BFOCX vs. AAIZX - Drawdown Comparison

The maximum BFOCX drawdown since its inception was -97.42%, which is greater than AAIZX's maximum drawdown of -29.00%. Use the drawdown chart below to compare losses from any high point for BFOCX and AAIZX.

Drawdown Indicators

	BFOCX	AAIZX	Difference
Max Drawdown Largest peak-to-trough decline	-97.42%	-29.00%	-68.42%
Max Drawdown (1Y) Largest decline over 1 year	-17.75%	-17.47%	-0.28%
Max Drawdown (5Y) Largest decline over 5 years	-97.42%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-97.42%	—	—
Current Drawdown Current decline from peak	-95.22%	-13.44%	-81.78%
Average Drawdown Average peak-to-trough decline	-61.72%	-5.25%	-56.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.30%	5.79%	+0.51%

Volatility

BFOCX vs. AAIZX - Volatility Comparison

Berkshire Focus Fund (BFOCX) has a higher volatility of 16.76% compared to Alger AI Enablers & Adopters Z (AAIZX) at 9.48%. This indicates that BFOCX's price experiences larger fluctuations and is considered to be riskier than AAIZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BFOCX	AAIZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.76%	9.48%	+7.28%
Volatility (6M) Calculated over the trailing 6-month period	29.67%	17.87%	+11.80%
Volatility (1Y) Calculated over the trailing 1-year period	42.19%	28.91%	+13.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1,099.58%	27.99%	+1,071.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	777.66%	27.99%	+749.67%