CHUSX vs. IOO

Last updated Jun 4, 2026

CHUSX (Alger Global Focus Fund) and IOO (iShares Global 100 ETF) are both Global Equities funds. Over the past 10 years, CHUSX returned 11.16%/yr vs 16.70%/yr for IOO. A 0.80 correlation means they provide meaningful diversification when combined. CHUSX charges 1.50%/yr vs 0.40%/yr for IOO.

Performance

CHUSX vs. IOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger Global Focus Fund (CHUSX) and iShares Global 100 ETF (IOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHUSX achieves a 9.91% return, which is significantly lower than IOO's 12.26% return. Over the past 10 years, CHUSX has underperformed IOO with an annualized return of 11.16%, while IOO has yielded a comparatively higher 16.70% annualized return.

CHUSX

• 1D: -0.39%
• 1M: 3.13%
• YTD: 9.91%
• 6M: 10.06%
• 1Y: 14.77%
• 3Y*: 22.61%
• 5Y*: 8.70%
• 10Y*: 11.16%

IOO

• 1D: -1.33%
• 1M: 5.37%
• YTD: 12.26%
• 6M: 12.43%
• 1Y: 38.24%
• 3Y*: 25.48%
• 5Y*: 16.68%
• 10Y*: 16.70%

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

CHUSX vs. IOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CHUSX Alger Global Focus Fund	9.91%	7.71%	40.01%	24.23%	-32.05%	14.05%	38.85%	23.58%	-15.83%	22.86%
IOO iShares Global 100 ETF	12.26%	27.02%	26.54%	27.71%	-16.34%	26.03%	18.61%	30.01%	-6.22%	23.56%

Correlation

The correlation between CHUSX and IOO is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Nov 6, 2003	0.80

The correlation between CHUSX and IOO has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.

Return for Risk

CHUSX vs. IOO — Risk / Return Rank

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

CHUSX

CHUSX Risk / Return Rank: 12
CHUSX Sharpe Ratio Rank: 10
CHUSX Sortino Ratio Rank: 11
CHUSX Omega Ratio Rank: 10
CHUSX Calmar Ratio Rank: 14
CHUSX Martin Ratio Rank: 16

IOO

IOO Risk / Return Rank: 82
IOO Sharpe Ratio Rank: 85
IOO Sortino Ratio Rank: 84
IOO Omega Ratio Rank: 82
IOO Calmar Ratio Rank: 75
IOO Martin Ratio Rank: 85

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.

CHUSX vs. IOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger Global Focus Fund (CHUSX) and iShares Global 100 ETF (IOO). 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.

	CHUSX	IOO	Difference
Sharpe ratio Return per unit of total volatility	0.82	2.84	-2.02
Sortino ratio Return per unit of downside risk	1.25	3.85	-2.60
Omega ratio Gain probability vs. loss probability	1.15	1.50	-0.35
Calmar ratio Return relative to maximum drawdown	1.25	3.87	-2.62
Martin ratio Return relative to average drawdown	4.41	17.94	-13.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHUSX vs. IOO - Sharpe Ratio Comparison

The current CHUSX Sharpe Ratio is 0.82, which is lower than the IOO Sharpe Ratio of 2.84. The chart below compares the historical Sharpe Ratios of CHUSX and IOO, 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

	CHUSX	IOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.82	2.84	-2.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.98	-0.60
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.94	-0.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.39	+0.02

Drawdowns

CHUSX vs. IOO - Drawdown Comparison

The maximum CHUSX drawdown since its inception was -69.31%, which is greater than IOO's maximum drawdown of -55.85%. Use the drawdown chart below to compare losses from any high point for CHUSX and IOO.

Drawdown Indicators

	CHUSX	IOO	Difference
Max Drawdown Largest peak-to-trough decline	-69.31%	-55.85%	-13.46%
Max Drawdown (1Y) Largest decline over 1 year	-12.05%	-9.94%	-2.11%
Max Drawdown (3Y) Largest decline over 3 years	-20.80%	-19.19%	-1.61%
Max Drawdown (5Y) Largest decline over 5 years	-41.48%	-23.52%	-17.96%
Max Drawdown (10Y) Largest decline over 10 years	-41.48%	-31.43%	-10.05%
Current Drawdown Current decline from peak	-0.39%	-1.33%	+0.94%
Average Drawdown Average peak-to-trough decline	-18.48%	-11.27%	-7.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.41%	2.14%	+1.27%

Volatility

CHUSX vs. IOO - Volatility Comparison

Alger Global Focus Fund (CHUSX) has a higher volatility of 5.34% compared to iShares Global 100 ETF (IOO) at 3.81%. This indicates that CHUSX's price experiences larger fluctuations and is considered to be riskier than IOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHUSX	IOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.34%	3.81%	+1.53%
Volatility (6M) Calculated over the trailing 6-month period	14.91%	10.59%	+4.32%
Volatility (1Y) Calculated over the trailing 1-year period	18.39%	13.54%	+4.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.86%	17.04%	+5.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.25%	17.78%	+3.47%

CHUSX vs. IOO - Expense Ratio Comparison

CHUSX has a 1.50% expense ratio, which is higher than IOO's 0.40% expense ratio.

Dividends

CHUSX vs. IOO - Dividend Comparison

CHUSX's dividend yield for the trailing twelve months is around 8.16%, more than IOO's 0.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHUSX Alger Global Focus Fund	8.16%	8.97%	32.77%	0.00%	0.00%	9.87%	0.00%	2.77%	9.32%	4.03%	1.01%	0.00%
IOO iShares Global 100 ETF	0.82%	0.92%	1.08%	1.49%	2.00%	1.53%	1.49%	2.02%	2.54%	2.23%	2.75%	2.89%

Frequently Asked Questions

Can I hold both CHUSX and IOO in my portfolio?

CHUSX and IOO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CHUSX or IOO?

CHUSX has higher volatility (5.34%) compared to IOO (3.81%). In terms of maximum drawdown, CHUSX dropped -69.31% vs IOO's -55.85%.

Which has better risk-adjusted returns?

IOO currently has the higher Sharpe Ratio (2.84 vs 0.82), 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.