CHUSX vs. IOO
CHUSX (Alger Global Focus Fund) and IOO (iShares Global 100 ETF) are both Global Equities funds. Over the past 10 years, CHUSX returned 11.90%/yr vs 16.63%/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
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Returns By Period
In the year-to-date period, CHUSX achieves a 12.49% return, which is significantly higher than IOO's 7.38% return. Over the past 10 years, CHUSX has underperformed IOO with an annualized return of 11.90%, while IOO has yielded a comparatively higher 16.63% annualized return.
CHUSX
- 1D
- -0.64%
- 1M
- 4.49%
- YTD
- 12.49%
- 6M
- 11.76%
- 1Y
- 15.97%
- 3Y*
- 23.28%
- 5Y*
- 8.41%
- 10Y*
- 11.90%
IOO
- 1D
- -1.40%
- 1M
- -3.92%
- YTD
- 7.38%
- 6M
- 6.92%
- 1Y
- 31.18%
- 3Y*
- 23.11%
- 5Y*
- 15.43%
- 10Y*
- 16.63%
CHUSX vs. IOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CHUSX Alger Global Focus Fund | 12.49% | 7.71% | 40.01% | 24.23% | -32.05% | 14.05% | 38.85% | 23.58% | -15.83% | 22.86% |
IOO iShares Global 100 ETF | 7.38% | 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 | 0.86 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 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.
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Return for Risk
CHUSX vs. IOO — Risk / Return Rank
CHUSX
IOO
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.
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.
| CHUSX | IOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.39 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 3.15 | -1.71 |
| Martin ratioReturn relative to average drawdown | 4.97 | 13.53 | -8.56 |
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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.
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Drawdown Indicators
| CHUSX | IOO | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -0.64% | -5.61% | +4.97% |
Average DrawdownAverage peak-to-trough decline | -18.44% | -11.25% | -7.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 2.31% | +1.18% |
Volatility
CHUSX vs. IOO - Volatility Comparison
Alger Global Focus Fund (CHUSX) has a higher volatility of 7.96% compared to iShares Global 100 ETF (IOO) at 5.30%. 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.
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Volatility by Period
| CHUSX | IOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.96% | 5.30% | +2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 16.31% | 11.51% | +4.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.79% | 14.27% | +5.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.10% | 17.17% | +5.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.37% | 17.73% | +3.64% |
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 7.97%, more than IOO's 0.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHUSX Alger Global Focus Fund | 7.97% | 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 | 0.86% | 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
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.
CHUSX has higher volatility (7.96%) compared to IOO (5.30%). In terms of maximum drawdown, CHUSX dropped -69.31% vs IOO's -55.85%.
IOO currently has the higher Sharpe Ratio (2.20 vs 0.88), 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.
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