FRTY vs. ATFV

Last updated Jun 4, 2026

FRTY (Alger Mid Cap 40 ETF) and ATFV (Alger 35 ETF) are both exchange-traded funds - FRTY is a Mid Cap Growth Equities fund actively managed by Alger Group Holdings LLC, while ATFV is a Large Cap Growth Equities fund tracking the S&P 500. FRTY is actively managed, while ATFV is passively managed. Over the past 5 years, FRTY returned 4.95%/yr vs 15.56%/yr for ATFV. Their correlation of 0.82 suggests significant overlap in exposure. FRTY charges 0.60%/yr vs 0.55%/yr for ATFV.

Performance

FRTY vs. ATFV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger Mid Cap 40 ETF (FRTY) and Alger 35 ETF (ATFV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FRTY achieves a 12.43% return, which is significantly lower than ATFV's 16.46% return.

FRTY

• 1D: -0.76%
• 1M: 10.48%
• YTD: 12.43%
• 6M: 12.10%
• 1Y: 30.04%
• 3Y*: 23.96%
• 5Y*: 4.95%
• 10Y*: —

ATFV

• 1D: -2.00%
• 1M: 8.35%
• YTD: 16.46%
• 6M: 16.04%
• 1Y: 48.62%
• 3Y*: 39.26%
• 5Y*: 15.56%
• 10Y*: —

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

FRTY vs. ATFV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FRTY Alger Mid Cap 40 ETF	12.43%	12.82%	38.86%	16.81%	-42.23%	6.72%
ATFV Alger 35 ETF	16.46%	38.20%	46.14%	32.75%	-35.97%	4.19%

Correlation

The correlation between FRTY and ATFV is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since May 5, 2021	0.82

The correlation between FRTY and ATFV has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.

FRTY vs. ATFV - Sectors Allocation Comparison

Sectors	FRTY	ATFV
Technology	24.1%	42.1%
Healthcare	20.2%	8.6%
Industrials	14.5%	8.2%
Communication Services	13.5%	25.8%
Consumer Cyclical	8.0%	10.2%
Energy	6.6%	-
Utilities	6.0%	2.7%
Financial Services	4.5%	2.5%
Consumer Defensive	1.0%	-
Basic Materials	-	-
Real Estate	-	-

Return for Risk

FRTY vs. ATFV — Risk / Return Rank

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

FRTY

FRTY Risk / Return Rank: 30
FRTY Sharpe Ratio Rank: 32
FRTY Sortino Ratio Rank: 31
FRTY Omega Ratio Rank: 30
FRTY Calmar Ratio Rank: 31
FRTY Martin Ratio Rank: 28

ATFV

ATFV Risk / Return Rank: 56
ATFV Sharpe Ratio Rank: 62
ATFV Sortino Ratio Rank: 58
ATFV Omega Ratio Rank: 55
ATFV Calmar Ratio Rank: 53
ATFV Martin Ratio Rank: 53

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.

FRTY vs. ATFV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger Mid Cap 40 ETF (FRTY) and Alger 35 ETF (ATFV). 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.

	FRTY	ATFV	Difference
Sharpe ratio: Return per unit of total volatility	1.17	2.12	-0.96
Sortino ratio: Return per unit of downside risk	1.66	2.79	-1.12
Omega ratio: Gain probability vs. loss probability	1.20	1.35	-0.15
Calmar ratio: Return relative to maximum drawdown	1.53	2.67	-1.14
Martin ratio: Return relative to average drawdown	3.97	9.15	-5.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FRTY vs. ATFV - Sharpe Ratio Comparison

The current FRTY Sharpe Ratio is 1.17, which is lower than the ATFV Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of FRTY and ATFV, 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

	FRTY	ATFV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	2.12	-0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.59	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.59	-0.45

Drawdowns

FRTY vs. ATFV - Drawdown Comparison

The maximum FRTY drawdown since its inception was -53.15%, which is greater than ATFV's maximum drawdown of -45.34%. Use the drawdown chart below to compare losses from any high point for FRTY and ATFV.

Drawdown Indicators

	FRTY	ATFV	Difference
Max Drawdown Largest peak-to-trough decline	-53.15%	-45.34%	-7.81%
Max Drawdown (1Y) Largest decline over 1 year	-19.75%	-18.29%	-1.46%
Max Drawdown (3Y) Largest decline over 3 years	-31.48%	-29.01%	-2.47%
Max Drawdown (5Y) Largest decline over 5 years	-53.15%	-45.34%	-7.81%
Current Drawdown Current decline from peak	-0.76%	-2.72%	+1.96%
Average Drawdown Average peak-to-trough decline	-27.97%	-17.81%	-10.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.59%	5.33%	+2.26%

Volatility

FRTY vs. ATFV - Volatility Comparison

Alger Mid Cap 40 ETF (FRTY) has a higher volatility of 9.01% compared to Alger 35 ETF (ATFV) at 7.65%. This indicates that FRTY's price experiences larger fluctuations and is considered to be riskier than ATFV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRTY	ATFV	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.01%	7.65%	+1.36%
Volatility (6M) Calculated over the trailing 6-month period	18.38%	17.34%	+1.04%
Volatility (1Y) Calculated over the trailing 1-year period	25.86%	23.00%	+2.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.19%	26.62%	+0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.11%	26.55%	+0.56%

FRTY vs. ATFV - Expense Ratio Comparison

FRTY has a 0.60% expense ratio, which is higher than ATFV's 0.55% expense ratio.

Dividends

FRTY vs. ATFV - Dividend Comparison

FRTY's dividend yield for the trailing twelve months is around 0.17%, which matches ATFV's 0.17% yield.

Position	TTM	2025	2024	2023	2022	2021
ATFV Alger 35 ETF	0.17%	0.20%	0.16%	0.01%	0.06%	0.00%
FRTY Alger Mid Cap 40 ETF	0.17%	0.19%	0.10%	0.00%	0.00%	5.35%

Frequently Asked Questions

Can I hold both FRTY and ATFV in my portfolio?

FRTY and ATFV have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FRTY or ATFV?

FRTY has higher volatility (9.01%) compared to ATFV (7.65%). In terms of maximum drawdown, FRTY dropped -53.15% vs ATFV's -45.34%.

Which ETF is better, FRTY or ATFV?

On 5-year performance, ATFV leads with 15.56% vs 4.95% for FRTY. On fees, ATFV is cheaper at 0.55% per year. On volatility, ATFV has been the lower-risk option at 7.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FRTY or ATFV?

Over the 5-year period, ATFV has performed better with a 15.56% return vs 4.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FRTY or ATFV?

ATFV is cheaper with a 0.55% expense ratio, compared with 0.60% for FRTY.

Which ETF pays a higher dividend yield, FRTY or ATFV?

FRTY and ATFV have nearly identical dividend yields, around 0.17%.

What is the main difference between FRTY and ATFV?

FRTY is categorized as Mid Cap Growth Equities, while ATFV is Large Cap Growth Equities. Their fees differ too: 0.60% for FRTY and 0.55% for ATFV.

Which has better risk-adjusted returns?

ATFV currently has the higher Sharpe Ratio (2.12 vs 1.17), 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.