HSPGX vs. AASOX
HSPGX (Emerald Growth Fund) and AASOX (Alger Small Cap Growth Portfolio) are both Small Cap Growth Equities funds. Over the past 10 years, HSPGX returned 15.52%/yr vs 9.09%/yr for AASOX. Their correlation of 0.88 means they have usually moved in the same direction. HSPGX charges 1.03%/yr vs 0.95%/yr for AASOX.
Performance
HSPGX vs. AASOX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HSPGX achieves a 23.46% return, which is significantly higher than AASOX's 18.35% return. Over the past 10 years, HSPGX has outperformed AASOX with an annualized return of 15.52%, while AASOX has yielded a comparatively lower 9.09% annualized return.
HSPGX
- 1D
- -0.12%
- 1M
- -7.36%
- 6M
- 15.71%
- YTD
- 23.46%
- 1Y
- 51.54%
- 3Y*
- 27.87%
- 5Y*
- 13.04%
- 10Y*
- 15.52%
- ALL TIME*
- 10.94%
AASOX
- 1D
- -0.05%
- 1M
- 2.41%
- 6M
- 15.62%
- YTD
- 18.35%
- 1Y
- 32.15%
- 3Y*
- 11.29%
- 5Y*
- -2.65%
- 10Y*
- 9.09%
- ALL TIME*
- 6.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
HSPGX Emerald Growth Fund | $0.00 | $0.00 | $0.00 |
HSPGX vs. AASOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSPGX Emerald Growth Fund | 23.46% | 31.62% | 28.04% | 18.66% | -24.65% | 3.59% | 38.49% | 28.33% | -12.16% | 27.72% |
AASOX Alger Small Cap Growth Portfolio | 18.35% | 5.89% | 8.12% | 16.49% | -38.39% | -5.07% | 67.18% | 29.36% | 1.47% | 28.73% |
Correlation
The correlation between HSPGX and AASOX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 1992 | 0.88 |
The correlation between HSPGX and AASOX has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HSPGX vs. AASOX — Risk / Return Rank
HSPGX
AASOX
HSPGX vs. AASOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Emerald Growth Fund (HSPGX) and Alger Small Cap Growth Portfolio (AASOX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HSPGX | AASOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.22 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 1.67 | +1.77 |
| Martin ratioReturn relative to average drawdown | 11.98 | 5.48 | +6.50 |
Loading charts...
Drawdowns
HSPGX vs. AASOX - Drawdown Comparison
The maximum HSPGX drawdown since its inception was -60.28%, smaller than the maximum AASOX drawdown of -74.54%. Use the drawdown chart below to compare losses from any high point for HSPGX and AASOX.
Loading charts...
Drawdown Indicators
| HSPGX | AASOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.28% | -74.54% | +14.26% |
Max Drawdown (1Y)Largest decline over 1 year | -14.41% | -18.34% | +3.93% |
Max Drawdown (3Y)Largest decline over 3 years | -28.63% | -32.82% | +4.19% |
Max Drawdown (5Y)Largest decline over 5 years | -38.65% | -60.50% | +21.85% |
Max Drawdown (10Y)Largest decline over 10 years | -41.48% | -60.50% | +19.02% |
Current DrawdownCurrent decline from peak | -10.56% | -32.71% | +22.15% |
Average DrawdownAverage peak-to-trough decline | -18.94% | -29.87% | +10.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.12% | 5.59% | -1.47% |
Volatility
HSPGX vs. AASOX - Volatility Comparison
Emerald Growth Fund (HSPGX) has a higher volatility of 8.20% compared to Alger Small Cap Growth Portfolio (AASOX) at 7.56%. This indicates that HSPGX's price experiences larger fluctuations and is considered to be riskier than AASOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HSPGX | AASOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.20% | 7.56% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 21.56% | 19.63% | +1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.62% | 24.31% | +3.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.89% | 40.53% | -14.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.30% | 33.54% | -8.24% |
HSPGX vs. AASOX - Expense Ratio Comparison
HSPGX has a 1.03% expense ratio, which is higher than AASOX's 0.95% expense ratio.
Dividends
HSPGX vs. AASOX - Dividend Comparison
HSPGX's dividend yield for the trailing twelve months is around 10.32%, more than AASOX's 0.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AASOX Alger Small Cap Growth Portfolio | 0.99% | 1.17% | 0.38% | 0.00% | 22.43% | 49.73% | 6.88% | 5.59% | 4.58% |
HSPGX Emerald Growth Fund | 10.32% | 12.74% | 21.85% | 6.43% | 8.77% | 19.11% | 8.48% | 1.45% | 11.86% |
Frequently Asked Questions
With a correlation of 0.91, HSPGX and AASOX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
HSPGX has higher volatility (8.20%) compared to AASOX (7.56%). In terms of maximum drawdown, HSPGX dropped -60.28% vs AASOX's -74.54%.
HSPGX currently has the higher Sharpe Ratio (1.80 vs 1.27), 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.
Find the right allocation for HSPGX and AASOX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer