RFG vs. FRTY
Compare and contrast key facts about Invesco S&P MidCap 400® Pure Growth ETF (RFG) and Alger Mid Cap 40 ETF (FRTY).
RFG and FRTY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RFG is a passively managed fund by Invesco that tracks the performance of the S&P Mid Cap 400 Pure Growth. It was launched on Mar 1, 2006. FRTY is an actively managed fund by Alger Group Holdings LLC. It was launched on Feb 26, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RFG or FRTY.
Key characteristics
| RFG | FRTY | |
|---|---|---|
| YTD Return | 25.28% | 41.10% |
| 1Y Return | 35.56% | 56.23% |
| 3Y Return (Ann) | 2.68% | -8.36% |
| Sharpe Ratio | 1.91 | 2.50 |
| Sortino Ratio | 2.64 | 3.15 |
| Omega Ratio | 1.32 | 1.43 |
| Calmar Ratio | 1.74 | 1.11 |
| Martin Ratio | 8.23 | 15.67 |
| Ulcer Index | 4.38% | 3.65% |
| Daily Std Dev | 18.93% | 22.88% |
| Max Drawdown | -51.93% | -55.59% |
| Current Drawdown | -1.19% | -24.55% |
Correlation
The correlation between RFG and FRTY is 0.77, 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.
Performance
RFG vs. FRTY - Performance Comparison
In the year-to-date period, RFG achieves a 25.28% return, which is significantly lower than FRTY's 41.10% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RFG vs. FRTY - Expense Ratio Comparison
RFG has a 0.35% expense ratio, which is lower than FRTY's 0.60% expense ratio.
Risk-Adjusted Performance
RFG vs. FRTY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400® Pure Growth ETF (RFG) and Alger Mid Cap 40 ETF (FRTY). 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.
Dividends
RFG vs. FRTY - Dividend Comparison
RFG's dividend yield for the trailing twelve months is around 0.54%, while FRTY has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RFG Invesco S&P MidCap 400® Pure Growth ETF | 0.54% | 0.99% | 0.78% | 0.26% | 0.27% | 0.64% | 0.76% | 0.66% | 0.35% | 0.61% | 0.60% | 0.65% |
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% |
Drawdowns
RFG vs. FRTY - Drawdown Comparison
The maximum RFG drawdown since its inception was -51.93%, smaller than the maximum FRTY drawdown of -55.59%. Use the drawdown chart below to compare losses from any high point for RFG and FRTY. For additional features, visit the drawdowns tool.
Volatility
RFG vs. FRTY - Volatility Comparison
The current volatility for Invesco S&P MidCap 400® Pure Growth ETF (RFG) is 5.52%, while Alger Mid Cap 40 ETF (FRTY) has a volatility of 6.15%. This indicates that RFG experiences smaller price fluctuations and is considered to be less risky than FRTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.