ICTEX vs. AAICX

Last updated Apr 1, 2026

Compare and contrast key facts about ICON Health and Information Technology Fund (ICTEX) and Alger AI Enablers & Adopters C (AAICX).

ICTEX is managed by ICON Funds. It was launched on Feb 18, 1997. AAICX is managed by Alger. It was launched on Apr 4, 2024.

Performance

ICTEX vs. AAICX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ICON Health and Information Technology Fund (ICTEX) and Alger AI Enablers & Adopters C (AAICX). The values are adjusted to include any dividend payments, if applicable.

ICTEX vs. AAICX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ICTEX ICON Health and Information Technology Fund	-4.55%	17.55%	12.42%
AAICX Alger AI Enablers & Adopters C	-12.34%	39.54%	32.77%

Returns By Period

In the year-to-date period, ICTEX achieves a -4.55% return, which is significantly higher than AAICX's -12.34% return.

ICTEX

• 1D: -1.28%
• 1M: -10.15%
• YTD: -4.55%
• 6M: -2.18%
• 1Y: 25.87%
• 3Y*: 14.48%
• 5Y*: 6.79%
• 10Y*: 13.64%

AAICX

• 1D: -1.85%
• 1M: -7.08%
• YTD: -12.34%
• 6M: -14.35%
• 1Y: 40.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ICTEX vs. AAICX - Expense Ratio Comparison

ICTEX has a 1.26% expense ratio, which is lower than AAICX's 1.66% expense ratio.

AAICX

Alger AI Enablers & Adopters C

ICTEX

ICON Health and Information Technology Fund

Return for Risk

ICTEX vs. AAICX — Risk / Return Rank

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

ICTEX

ICTEX Risk / Return Rank: 66
ICTEX Sharpe Ratio Rank: 64
ICTEX Sortino Ratio Rank: 67
ICTEX Omega Ratio Rank: 59
ICTEX Calmar Ratio Rank: 74
ICTEX Martin Ratio Rank: 67

AAICX

AAICX Risk / Return Rank: 74
AAICX Sharpe Ratio Rank: 76
AAICX Sortino Ratio Rank: 78
AAICX Omega Ratio Rank: 70
AAICX Calmar Ratio Rank: 82
AAICX Martin Ratio Rank: 64

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.

ICTEX vs. AAICX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ICON Health and Information Technology Fund (ICTEX) and Alger AI Enablers & Adopters C (AAICX). 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.

	ICTEX	AAICX	Difference
Sharpe ratio Return per unit of total volatility	1.12	1.38	-0.25
Sortino ratio Return per unit of downside risk	1.67	1.97	-0.30
Omega ratio Gain probability vs. loss probability	1.22	1.26	-0.04
Calmar ratio Return relative to maximum drawdown	1.69	2.01	-0.31
Martin ratio Return relative to average drawdown	6.38	6.10	+0.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ICTEX vs. AAICX - Sharpe Ratio Comparison

The current ICTEX Sharpe Ratio is 1.12, which is comparable to the AAICX Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of ICTEX and AAICX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ICTEX	AAICX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.12	1.38	-0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	1.02	-0.78

Correlation

The correlation between ICTEX and AAICX is 0.75, 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

ICTEX vs. AAICX - Dividend Comparison

ICTEX's dividend yield for the trailing twelve months is around 21.74%, more than AAICX's 7.34% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ICTEX ICON Health and Information Technology Fund	21.74%	20.75%	11.36%	12.46%	18.84%	16.62%	3.45%	4.32%	16.94%	24.94%	21.88%
AAICX Alger AI Enablers & Adopters C	7.34%	6.44%	4.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

ICTEX vs. AAICX - Drawdown Comparison

The maximum ICTEX drawdown since its inception was -81.85%, which is greater than AAICX's maximum drawdown of -29.07%. Use the drawdown chart below to compare losses from any high point for ICTEX and AAICX.

Drawdown Indicators

	ICTEX	AAICX	Difference
Max Drawdown Largest peak-to-trough decline	-81.85%	-29.07%	-52.78%
Max Drawdown (1Y) Largest decline over 1 year	-13.58%	-17.87%	+4.29%
Max Drawdown (5Y) Largest decline over 5 years	-26.67%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.08%	—	—
Current Drawdown Current decline from peak	-13.58%	-17.87%	+4.29%
Average Drawdown Average peak-to-trough decline	-37.04%	-5.32%	-31.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	5.88%	-2.28%

Volatility

ICTEX vs. AAICX - Volatility Comparison

The current volatility for ICON Health and Information Technology Fund (ICTEX) is 6.30%, while Alger AI Enablers & Adopters C (AAICX) has a volatility of 7.98%. This indicates that ICTEX experiences smaller price fluctuations and is considered to be less risky than AAICX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ICTEX	AAICX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.30%	7.98%	-1.68%
Volatility (6M) Calculated over the trailing 6-month period	14.67%	17.23%	-2.56%
Volatility (1Y) Calculated over the trailing 1-year period	23.07%	28.53%	-5.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.32%	27.78%	-8.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.17%	27.78%	-6.61%