NCLEX vs. ALMAX
Compare and contrast key facts about Nicholas Limited Edition Fund (NCLEX) and Alger Weatherbie Specialized Growth Fund (ALMAX).
NCLEX is managed by Nicholas. It was launched on May 18, 1987. ALMAX is managed by Alger. It was launched on May 8, 2002.
Performance
NCLEX vs. ALMAX - Performance Comparison
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NCLEX vs. ALMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NCLEX Nicholas Limited Edition Fund | -14.46% | -10.41% | 11.91% | 17.17% | -23.71% | 19.07% | 22.67% | 27.36% | -0.94% | 19.93% |
ALMAX Alger Weatherbie Specialized Growth Fund | -15.06% | 0.50% | 13.78% | 11.22% | -38.11% | 5.83% | 56.85% | 39.17% | -4.10% | 21.83% |
Returns By Period
The year-to-date returns for both stocks are quite close, with NCLEX having a -14.46% return and ALMAX slightly lower at -15.06%. Both investments have delivered pretty close results over the past 10 years, with NCLEX having a 6.64% annualized return and ALMAX not far ahead at 6.97%.
NCLEX
- 1D
- 0.09%
- 1M
- -9.57%
- YTD
- -14.46%
- 6M
- -16.84%
- 1Y
- -16.93%
- 3Y*
- -2.12%
- 5Y*
- -2.31%
- 10Y*
- 6.64%
ALMAX
- 1D
- -0.75%
- 1M
- -11.84%
- YTD
- -15.06%
- 6M
- -13.51%
- 1Y
- 0.51%
- 3Y*
- 1.57%
- 5Y*
- -6.88%
- 10Y*
- 6.97%
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NCLEX vs. ALMAX - Expense Ratio Comparison
NCLEX has a 0.85% expense ratio, which is lower than ALMAX's 1.20% expense ratio.
Return for Risk
NCLEX vs. ALMAX — Risk / Return Rank
NCLEX
ALMAX
NCLEX vs. ALMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Limited Edition Fund (NCLEX) and Alger Weatherbie Specialized Growth Fund (ALMAX). 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.
| NCLEX | ALMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.87 | 0.01 | -0.88 |
Sortino ratioReturn per unit of downside risk | -1.20 | 0.19 | -1.39 |
Omega ratioGain probability vs. loss probability | 0.86 | 1.02 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.11 | -0.76 |
Martin ratioReturn relative to average drawdown | -2.41 | -0.40 | -2.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NCLEX | ALMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.87 | 0.01 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | -0.24 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.26 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.29 | +0.21 |
Correlation
The correlation between NCLEX and ALMAX is 0.91, 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
NCLEX vs. ALMAX - Dividend Comparison
NCLEX's dividend yield for the trailing twelve months is around 8.81%, while ALMAX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NCLEX Nicholas Limited Edition Fund | 8.81% | 7.53% | 2.51% | 2.43% | 6.22% | 16.44% | 5.10% | 5.66% | 10.72% | 7.97% | 10.68% | 8.05% |
ALMAX Alger Weatherbie Specialized Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 24.48% | 4.64% | 4.00% | 9.86% | 0.00% | 12.44% | 55.85% |
Drawdowns
NCLEX vs. ALMAX - Drawdown Comparison
The maximum NCLEX drawdown since its inception was -48.68%, smaller than the maximum ALMAX drawdown of -60.51%. Use the drawdown chart below to compare losses from any high point for NCLEX and ALMAX.
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Drawdown Indicators
| NCLEX | ALMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.68% | -60.51% | +11.83% |
Max Drawdown (1Y)Largest decline over 1 year | -21.36% | -20.91% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -28.50% | -53.89% | +25.39% |
Max Drawdown (10Y)Largest decline over 10 years | -35.79% | -53.89% | +18.10% |
Current DrawdownCurrent decline from peak | -28.44% | -44.85% | +16.41% |
Average DrawdownAverage peak-to-trough decline | -8.21% | -17.19% | +8.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.74% | 6.01% | +1.73% |
Volatility
NCLEX vs. ALMAX - Volatility Comparison
The current volatility for Nicholas Limited Edition Fund (NCLEX) is 4.65%, while Alger Weatherbie Specialized Growth Fund (ALMAX) has a volatility of 7.42%. This indicates that NCLEX experiences smaller price fluctuations and is considered to be less risky than ALMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NCLEX | ALMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 7.42% | -2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 12.19% | 15.17% | -2.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.69% | 24.27% | -4.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.46% | 29.06% | -9.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.15% | 27.09% | -7.94% |