FRTY vs. SCHM
Compare and contrast key facts about Alger Mid Cap 40 ETF (FRTY) and Schwab US Mid-Cap ETF (SCHM).
FRTY and SCHM 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. SCHM is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones US Total Stock Market Mid-Cap. It was launched on Jan 13, 2011.
Performance
FRTY vs. SCHM - Performance Comparison
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FRTY vs. SCHM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FRTY Alger Mid Cap 40 ETF | -7.48% | 12.82% | 38.86% | 16.81% | -42.23% | 2.07% |
SCHM Schwab US Mid-Cap ETF | 3.21% | 10.17% | 11.98% | 16.69% | -17.07% | 8.91% |
Returns By Period
In the year-to-date period, FRTY achieves a -7.48% return, which is significantly lower than SCHM's 3.21% return.
FRTY
- 1D
- 5.07%
- 1M
- -6.70%
- YTD
- -7.48%
- 6M
- -12.80%
- 1Y
- 22.58%
- 3Y*
- 17.05%
- 5Y*
- 0.73%
- 10Y*
- —
SCHM
- 1D
- 3.30%
- 1M
- -5.64%
- YTD
- 3.21%
- 6M
- 5.17%
- 1Y
- 19.92%
- 3Y*
- 12.71%
- 5Y*
- 5.81%
- 10Y*
- 10.20%
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FRTY vs. SCHM - Expense Ratio Comparison
FRTY has a 0.60% expense ratio, which is higher than SCHM's 0.04% expense ratio.
Return for Risk
FRTY vs. SCHM — Risk / Return Rank
FRTY
SCHM
FRTY vs. SCHM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Mid Cap 40 ETF (FRTY) and Schwab US Mid-Cap ETF (SCHM). 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 | SCHM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 0.95 | -0.14 |
Sortino ratioReturn per unit of downside risk | 1.23 | 1.45 | -0.22 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.20 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.42 | -0.26 |
Martin ratioReturn relative to average drawdown | 3.27 | 6.23 | -2.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FRTY | SCHM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 0.95 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 0.30 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 0.54 | -0.54 |
Correlation
The correlation between FRTY and SCHM is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FRTY vs. SCHM - Dividend Comparison
FRTY's dividend yield for the trailing twelve months is around 0.21%, less than SCHM's 1.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRTY Alger Mid Cap 40 ETF | 0.21% | 0.19% | 0.10% | 0.00% | 0.00% | 5.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHM Schwab US Mid-Cap ETF | 1.41% | 1.46% | 1.43% | 1.50% | 1.67% | 1.13% | 1.31% | 1.48% | 1.56% | 1.27% | 1.51% | 1.54% |
Drawdowns
FRTY vs. SCHM - Drawdown Comparison
The maximum FRTY drawdown since its inception was -53.15%, which is greater than SCHM's maximum drawdown of -42.43%. Use the drawdown chart below to compare losses from any high point for FRTY and SCHM.
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Drawdown Indicators
| FRTY | SCHM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.15% | -42.43% | -10.72% |
Max Drawdown (1Y)Largest decline over 1 year | -19.75% | -14.16% | -5.59% |
Max Drawdown (5Y)Largest decline over 5 years | -53.15% | -26.46% | -26.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.43% | — |
Current DrawdownCurrent decline from peak | -18.23% | -6.32% | -11.91% |
Average DrawdownAverage peak-to-trough decline | -28.59% | -5.71% | -22.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.96% | 3.22% | +3.74% |
Volatility
FRTY vs. SCHM - Volatility Comparison
Alger Mid Cap 40 ETF (FRTY) has a higher volatility of 9.77% compared to Schwab US Mid-Cap ETF (SCHM) at 6.87%. This indicates that FRTY's price experiences larger fluctuations and is considered to be riskier than SCHM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRTY | SCHM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.77% | 6.87% | +2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 19.64% | 12.04% | +7.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.00% | 21.13% | +6.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.02% | 19.52% | +7.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.12% | 20.41% | +6.71% |