IVES vs. ALGRX

Last updated Jun 25, 2026

IVES (Dan IVES Wedbush AI Revolution ETF) and ALGRX (Alger Focus Equity Fund) are both funds - IVES is a Technology Equities fund tracking the Solactive Wedbush Artificial Intelligence Index, while ALGRX is a Large Cap Growth Equities fund managed by Alger. Over the past year, IVES returned 35.69% vs 39.29% for ALGRX. Their correlation of 0.86 suggests significant overlap in exposure. IVES charges 0.75%/yr vs 0.89%/yr for ALGRX.

Performance

IVES vs. ALGRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dan IVES Wedbush AI Revolution ETF (IVES) and Alger Focus Equity Fund (ALGRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVES achieves a 14.36% return, which is significantly higher than ALGRX's 13.17% return.

IVES

• 1D: -1.36%
• 1M: -2.95%
• YTD: 14.36%
• 6M: 11.68%
• 1Y: 35.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ALGRX

• 1D: -2.31%
• 1M: 0.80%
• YTD: 13.17%
• 6M: 10.75%
• 1Y: 39.29%
• 3Y*: 39.15%
• 5Y*: 18.57%
• 10Y*: 21.99%

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

IVES vs. ALGRX - Yearly Performance Comparison

	2026 (YTD)	2025
IVES Dan IVES Wedbush AI Revolution ETF	14.36%	25.11%
ALGRX Alger Focus Equity Fund	13.17%	28.34%

Correlation

The correlation between IVES and ALGRX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	0.86

The correlation between IVES and ALGRX has been stable across timeframes, ranging from 0.86 to 0.86 - a consistent structural relationship.

Return for Risk

IVES vs. ALGRX — Risk / Return Rank

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

IVES

IVES Risk / Return Rank: 37
IVES Sharpe Ratio Rank: 41
IVES Sortino Ratio Rank: 38
IVES Omega Ratio Rank: 38
IVES Calmar Ratio Rank: 34
IVES Martin Ratio Rank: 32

ALGRX

ALGRX Risk / Return Rank: 41
ALGRX Sharpe Ratio Rank: 46
ALGRX Sortino Ratio Rank: 40
ALGRX Omega Ratio Rank: 38
ALGRX Calmar Ratio Rank: 44
ALGRX Martin Ratio Rank: 39

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.

IVES vs. ALGRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dan IVES Wedbush AI Revolution ETF (IVES) and Alger Focus Equity Fund (ALGRX). 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.

	IVES	ALGRX	Difference
Sharpe ratio: Return per unit of total volatility	1.33	1.84	-0.52
Sortino ratio: Return per unit of downside risk	1.82	2.43	-0.60
Omega ratio: Gain probability vs. loss probability	1.23	1.31	-0.07
Calmar ratio: Return relative to maximum drawdown	1.58	2.41	-0.82
Martin ratio: Return relative to average drawdown	4.30	8.01	-3.71

IVES vs. ALGRX - Sharpe Ratio Comparison

The current IVES Sharpe Ratio is 1.33, which is comparable to the ALGRX Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of IVES and ALGRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IVES vs. ALGRX - Drawdown Comparison

The maximum IVES drawdown since its inception was -22.64%, smaller than the maximum ALGRX drawdown of -62.64%. Use the drawdown chart below to compare losses from any high point for IVES and ALGRX.

Drawdown Indicators

	IVES	ALGRX	Difference
Max Drawdown Largest peak-to-trough decline	-22.64%	-62.64%	+40.00%
Max Drawdown (1Y) Largest decline over 1 year	-22.64%	-17.55%	-5.09%
Max Drawdown (3Y) Largest decline over 3 years	—	-26.96%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-43.57%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-43.57%	—
Current Drawdown Current decline from peak	-13.37%	-4.25%	-9.12%
Average Drawdown Average peak-to-trough decline	-5.86%	-18.78%	+12.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.32%	5.27%	+3.05%

Volatility

IVES vs. ALGRX - Volatility Comparison

Dan IVES Wedbush AI Revolution ETF (IVES) has a higher volatility of 11.81% compared to Alger Focus Equity Fund (ALGRX) at 9.43%. This indicates that IVES's price experiences larger fluctuations and is considered to be riskier than ALGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVES	ALGRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.81%	9.43%	+2.38%
Volatility (6M) Calculated over the trailing 6-month period	21.22%	17.67%	+3.55%
Volatility (1Y) Calculated over the trailing 1-year period	27.13%	22.95%	+4.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.65%	26.44%	+0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.65%	24.10%	+2.55%

IVES vs. ALGRX - Expense Ratio Comparison

IVES has a 0.75% expense ratio, which is lower than ALGRX's 0.89% expense ratio.

Dividends

IVES vs. ALGRX - Dividend Comparison

IVES's dividend yield for the trailing twelve months is around 0.36%, less than ALGRX's 6.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ALGRX Alger Focus Equity Fund	6.92%	7.84%	0.00%	0.10%	0.06%	13.98%	6.25%	2.08%	5.38%
IVES Dan IVES Wedbush AI Revolution ETF	0.36%	0.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IVES and ALGRX in my portfolio?

IVES and ALGRX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVES or ALGRX?

IVES has higher volatility (11.81%) compared to ALGRX (9.43%). In terms of maximum drawdown, IVES dropped -22.64% vs ALGRX's -62.64%.

Which has better risk-adjusted returns?

ALGRX currently has the higher Sharpe Ratio (1.84 vs 1.33), 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.