FOVL vs. FRTY

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Focused Value Factor ETF (FOVL) and Alger Mid Cap 40 ETF (FRTY).

FOVL and FRTY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FOVL is a passively managed fund by iShares that tracks the performance of the MSCI USA IMI Focused Value Factor Index. It was launched on Mar 19, 2019. FRTY is an actively managed fund by Alger Group Holdings LLC. It was launched on Feb 26, 2021.

Performance

FOVL vs. FRTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Focused Value Factor ETF (FOVL) and Alger Mid Cap 40 ETF (FRTY). The values are adjusted to include any dividend payments, if applicable.

FOVL vs. FRTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FOVL iShares Focused Value Factor ETF	0.00%	6.43%	22.87%	17.72%	-9.39%	15.80%
FRTY Alger Mid Cap 40 ETF	-7.48%	12.82%	38.86%	16.81%	-42.23%	2.07%

Returns By Period

FOVL

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FRTY

• 1D: 5.07%
• 1M: -6.70%
• YTD: -7.48%
• 6M: -12.80%
• 1Y: 22.58%
• 3Y*: 17.05%
• 5Y*: 0.73%
• 10Y*: —

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

FOVL vs. FRTY - Expense Ratio Comparison

FOVL has a 0.25% expense ratio, which is lower than FRTY's 0.60% expense ratio.

FRTY

Alger Mid Cap 40 ETF

FOVL

iShares Focused Value Factor ETF

Return for Risk

FOVL vs. FRTY — Risk / Return Rank

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

FRTY

FRTY Risk / Return Rank: 43
FRTY Sharpe Ratio Rank: 45
FRTY Sortino Ratio Rank: 46
FRTY Omega Ratio Rank: 41
FRTY Calmar Ratio Rank: 46
FRTY Martin Ratio Rank: 36

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.

FOVL vs. FRTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Focused Value Factor ETF (FOVL) and Alger Mid Cap 40 ETF (FRTY). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FOVL	FRTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.81	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.00	—

Correlation

The correlation between FOVL and FRTY is 0.49, 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.

Dividends

FOVL vs. FRTY - Dividend Comparison

FOVL's dividend yield for the trailing twelve months is around 0.55%, more than FRTY's 0.21% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
FOVL iShares Focused Value Factor ETF	0.55%	1.36%	2.08%	2.59%	3.38%	2.80%	2.88%	2.09%
FRTY Alger Mid Cap 40 ETF	0.21%	0.19%	0.10%	0.00%	0.00%	5.35%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	FOVL	FRTY	Difference
Max Drawdown Largest peak-to-trough decline	—	-53.15%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-19.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-53.15%	—
Current Drawdown Current decline from peak	—	-18.23%	—
Average Drawdown Average peak-to-trough decline	—	-28.59%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.96%	—

Volatility

Volatility by Period

	FOVL	FRTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.77%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.64%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	28.00%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	27.02%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	27.12%	—