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FRTY vs. VOO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.7

Performance

FRTY vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger Mid Cap 40 ETF (FRTY) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

-10.00%0.00%10.00%20.00%30.00%JulyAugustSeptemberOctoberNovemberDecember
16.05%
7.92%
FRTY
VOO

Key characteristics

Sharpe Ratio

FRTY:

1.55

VOO:

2.04

Sortino Ratio

FRTY:

2.05

VOO:

2.72

Omega Ratio

FRTY:

1.28

VOO:

1.38

Calmar Ratio

FRTY:

0.75

VOO:

3.02

Martin Ratio

FRTY:

9.66

VOO:

13.60

Ulcer Index

FRTY:

3.76%

VOO:

1.88%

Daily Std Dev

FRTY:

23.51%

VOO:

12.52%

Max Drawdown

FRTY:

-55.59%

VOO:

-33.99%

Current Drawdown

FRTY:

-25.43%

VOO:

-3.52%

Returns By Period

In the year-to-date period, FRTY achieves a 39.47% return, which is significantly higher than VOO's 24.65% return.


FRTY

YTD

39.47%

1M

-2.75%

6M

16.05%

1Y

40.11%

5Y*

N/A

10Y*

N/A

VOO

YTD

24.65%

1M

-0.29%

6M

7.63%

1Y

24.77%

5Y*

14.57%

10Y*

13.02%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FRTY vs. VOO - Expense Ratio Comparison

FRTY has a 0.60% expense ratio, which is higher than VOO's 0.03% expense ratio.


FRTY
Alger Mid Cap 40 ETF
Expense ratio chart for FRTY: current value at 0.60% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.60%
Expense ratio chart for VOO: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

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.


Sharpe ratio
The chart of Sharpe ratio for FRTY, currently valued at 1.55, compared to the broader market0.002.004.001.551.98
The chart of Sortino ratio for FRTY, currently valued at 2.05, compared to the broader market-2.000.002.004.006.008.0010.002.052.65
The chart of Omega ratio for FRTY, currently valued at 1.28, compared to the broader market0.501.001.502.002.503.001.281.37
The chart of Calmar ratio for FRTY, currently valued at 0.75, compared to the broader market0.005.0010.0015.000.752.93
The chart of Martin ratio for FRTY, currently valued at 9.66, compared to the broader market0.0020.0040.0060.0080.00100.009.6613.12
FRTY
VOO

The current FRTY Sharpe Ratio is 1.55, which is comparable to the VOO Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of FRTY and VOO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.003.504.00JulyAugustSeptemberOctoberNovemberDecember
1.55
1.98
FRTY
VOO

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 1.26%.


TTM20232022202120202019201820172016201520142013
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
0.92%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.


-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-25.43%
-3.52%
FRTY
VOO

Volatility

FRTY vs. VOO - Volatility Comparison

Alger Mid Cap 40 ETF (FRTY) has a higher volatility of 8.32% compared to Vanguard S&P 500 ETF (VOO) at 3.56%. 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.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
8.32%
3.56%
FRTY
VOO
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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