FRTY vs. VOO
Compare and contrast key facts about Alger Mid Cap 40 ETF (FRTY) and Vanguard S&P 500 ETF (VOO).
FRTY and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRTY or VOO.
Key characteristics
| FRTY | VOO | |
|---|---|---|
| YTD Return | 41.10% | 26.88% |
| 1Y Return | 56.23% | 37.59% |
| 3Y Return (Ann) | -8.36% | 10.23% |
| Sharpe Ratio | 2.50 | 3.06 |
| Sortino Ratio | 3.15 | 4.08 |
| Omega Ratio | 1.43 | 1.58 |
| Calmar Ratio | 1.11 | 4.43 |
| Martin Ratio | 15.67 | 20.25 |
| Ulcer Index | 3.65% | 1.85% |
| Daily Std Dev | 22.88% | 12.23% |
| Max Drawdown | -55.59% | -33.99% |
| Current Drawdown | -24.55% | -0.30% |
Correlation
The correlation between FRTY and VOO is 0.72, 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.
Performance
FRTY vs. VOO - Performance Comparison
In the year-to-date period, FRTY achieves a 41.10% return, which is significantly higher than VOO's 26.88% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FRTY vs. VOO - Expense Ratio Comparison
FRTY has a 0.60% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
FRTY vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Mid Cap 40 ETF (FRTY) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
FRTY vs. VOO - Dividend Comparison
FRTY has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.23%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRTY Alger Mid Cap 40 ETF | 0.00% | 0.00% | 0.00% | 5.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FRTY vs. VOO - Drawdown Comparison
The maximum FRTY drawdown since its inception was -55.59%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FRTY and VOO. For additional features, visit the drawdowns tool.
Volatility
FRTY vs. VOO - Volatility Comparison
Alger Mid Cap 40 ETF (FRTY) has a higher volatility of 6.15% compared to Vanguard S&P 500 ETF (VOO) at 3.89%. This indicates that FRTY's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.