FRTY vs. FOVL

Last updated Apr 2, 2026

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

FRTY and FOVL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FRTY is an actively managed fund by Alger Group Holdings LLC. It was launched on Feb 26, 2021. 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.

Performance

FRTY vs. FOVL - Performance Comparison

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

FRTY vs. FOVL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FRTY Alger Mid Cap 40 ETF	-7.33%	12.82%	38.86%	16.81%	-42.23%	2.07%
FOVL iShares Focused Value Factor ETF	0.00%	6.43%	22.87%	17.72%	-9.39%	15.80%

Returns By Period

FRTY

• 1D: 0.15%
• 1M: -6.34%
• YTD: -7.33%
• 6M: -12.57%
• 1Y: 21.96%
• 3Y*: 17.11%
• 5Y*: 0.76%
• 10Y*: —

FOVL

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

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

FRTY vs. FOVL - Expense Ratio Comparison

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

FRTY

Alger Mid Cap 40 ETF

FOVL

iShares Focused Value Factor ETF

Return for Risk

FRTY vs. FOVL — Risk / Return Rank

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

FRTY

FRTY Risk / Return Rank: 38
FRTY Sharpe Ratio Rank: 40
FRTY Sortino Ratio Rank: 40
FRTY Omega Ratio Rank: 36
FRTY Calmar Ratio Rank: 41
FRTY Martin Ratio Rank: 34

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. FOVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger Mid Cap 40 ETF (FRTY) and iShares Focused Value Factor ETF (FOVL). 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	FOVL	Difference
Sharpe ratio Return per unit of total volatility	0.79	—	—
Sortino ratio Return per unit of downside risk	1.20	—	—
Omega ratio Gain probability vs. loss probability	1.15	—	—
Calmar ratio Return relative to maximum drawdown	1.15	—	—
Martin ratio Return relative to average drawdown	3.24	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FRTY	FOVL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	—	—
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 FRTY and FOVL 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

FRTY vs. FOVL - Dividend Comparison

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

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

Drawdowns

Drawdown Indicators

	FRTY	FOVL	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	-18.10%	—	—
Average Drawdown Average peak-to-trough decline	-28.58%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	7.02%	—	—

Volatility

Volatility by Period

	FRTY	FOVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.59%	—	—
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	27.11%	—	—