SPECX vs. FBCGX

Last updated Aug 1, 2026

SPECX (Alger Spectra Fund) and FBCGX (Fidelity Blue Chip Growth K6 Fund) are both Large Cap Growth Equities funds. Over the past 5 years, SPECX returned 11.42%/yr vs 13.37%/yr for FBCGX. Their 0.96 correlation means they have historically moved very closely together. SPECX charges 1.39%/yr vs 0.45%/yr for FBCGX.

Performance

SPECX vs. FBCGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger Spectra Fund (SPECX) and Fidelity Blue Chip Growth K6 Fund (FBCGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPECX achieves a 3.40% return, which is significantly lower than FBCGX's 8.27% return.

SPECX

• 1D: 4.87%
• 1M: -4.26%
• 6M: 5.31%
• YTD: 3.40%
• 1Y: 15.83%
• 3Y*: 28.11%
• 5Y*: 11.42%
• 10Y*: 16.31%
• ALL TIME*: 12.34%

FBCGX

• 1D: 3.46%
• 1M: -4.90%
• 6M: 8.44%
• YTD: 8.27%
• 1Y: 21.38%
• 3Y*: 24.49%
• 5Y*: 13.37%
• 10Y*: —
• ALL TIME*: 20.01%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FBCGX Fidelity Blue Chip Growth K6 Fund	$0.00	$0.00	$0.00
SPECX Alger Spectra Fund	$0.00	$0.00	$0.00

SPECX vs. FBCGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPECX Alger Spectra Fund	3.40%	29.16%	47.52%	41.34%	-39.37%	12.61%	43.66%	32.15%	-0.82%	12.08%
FBCGX Fidelity Blue Chip Growth K6 Fund	8.27%	21.33%	38.15%	55.57%	-37.84%	23.00%	62.92%	36.11%	-2.33%	14.15%

Correlation

The correlation between SPECX and FBCGX is 0.93, 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.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (All Time) Calculated using the full available price history since May 25, 2017	0.96

The correlation between SPECX and FBCGX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

Return for Risk

SPECX vs. FBCGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SPECX

SPECX Risk / Return Rank: 16
SPECX Sharpe Ratio Rank: 15
SPECX Sortino Ratio Rank: 17
SPECX Omega Ratio Rank: 16
SPECX Calmar Ratio Rank: 15
SPECX Martin Ratio Rank: 16

FBCGX

FBCGX Risk / Return Rank: 33
FBCGX Sharpe Ratio Rank: 30
FBCGX Sortino Ratio Rank: 30
FBCGX Omega Ratio Rank: 29
FBCGX Calmar Ratio Rank: 38
FBCGX Martin Ratio Rank: 37

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SPECX vs. FBCGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger Spectra Fund (SPECX) and Fidelity Blue Chip Growth K6 Fund (FBCGX). 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.

	SPECX	FBCGX	Difference
Sharpe ratio: Return per unit of total volatility	0.59	0.94	-0.35
Sortino ratio: Return per unit of downside risk	0.97	1.39	-0.43
Omega ratio: Gain probability vs. loss probability	1.11	1.17	-0.06
Calmar ratio: Return relative to maximum drawdown	0.73	1.53	-0.80
Martin ratio: Return relative to average drawdown	2.14	5.24	-3.10

SPECX vs. FBCGX - Sharpe Ratio Comparison

The current SPECX Sharpe Ratio is 0.59, which is lower than the FBCGX Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of SPECX and FBCGX, 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

SPECX vs. FBCGX - Drawdown Comparison

The maximum SPECX drawdown since its inception was -72.19%, which is greater than FBCGX's maximum drawdown of -42.55%. Use the drawdown chart below to compare losses from any high point for SPECX and FBCGX.

Drawdown Indicators

	SPECX	FBCGX	Difference
Max Drawdown Largest peak-to-trough decline	-72.19%	-42.55%	-29.64%
Max Drawdown (1Y) Largest decline over 1 year	-20.03%	-12.64%	-7.39%
Max Drawdown (3Y) Largest decline over 3 years	-27.91%	-26.83%	-1.08%
Max Drawdown (5Y) Largest decline over 5 years	-54.82%	-42.55%	-12.27%
Max Drawdown (10Y) Largest decline over 10 years	-54.82%	—	—
Current Drawdown Current decline from peak	-9.58%	-9.02%	-0.56%
Average Drawdown Average peak-to-trough decline	-23.94%	-8.82%	-15.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.83%	3.68%	+3.15%

Volatility

SPECX vs. FBCGX - Volatility Comparison

Alger Spectra Fund (SPECX) has a higher volatility of 8.81% compared to Fidelity Blue Chip Growth K6 Fund (FBCGX) at 7.25%. This indicates that SPECX's price experiences larger fluctuations and is considered to be riskier than FBCGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPECX	FBCGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.81%	7.25%	+1.56%
Volatility (6M) Calculated over the trailing 6-month period	20.08%	16.64%	+3.44%
Volatility (1Y) Calculated over the trailing 1-year period	25.00%	20.62%	+4.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.12%	25.40%	+7.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.11%	24.94%	+3.17%

SPECX vs. FBCGX - Expense Ratio Comparison

SPECX has a 1.39% expense ratio, which is higher than FBCGX's 0.45% expense ratio.

Dividends

SPECX vs. FBCGX - Dividend Comparison

SPECX's dividend yield for the trailing twelve months is around 7.22%, more than FBCGX's 0.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBCGX Fidelity Blue Chip Growth K6 Fund	0.89%	0.97%	0.62%	0.26%	0.12%	6.71%	1.26%	0.28%	0.46%	0.13%	0.00%	0.00%
SPECX Alger Spectra Fund	7.22%	7.47%	6.49%	0.00%	2.70%	34.41%	9.19%	7.20%	12.09%	6.14%	0.00%	8.80%

Frequently Asked Questions

Can I hold both SPECX and FBCGX in my portfolio?

With a correlation of 0.93, SPECX and FBCGX 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.

Which is riskier, SPECX or FBCGX?

SPECX has higher volatility (8.81%) compared to FBCGX (7.25%). In terms of maximum drawdown, SPECX dropped -72.19% vs FBCGX's -42.55%.

Which has better risk-adjusted returns?

FBCGX currently has the higher Sharpe Ratio (0.94 vs 0.59), 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.