SPECX vs. FGFIX
Compare and contrast key facts about Alger Spectra Fund (SPECX) and Federated Hermes Core Bond Fund (FGFIX).
SPECX is managed by Alger. It was launched on Jul 28, 1969. FGFIX is managed by Federated. It was launched on May 30, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPECX or FGFIX.
Correlation
The correlation between SPECX and FGFIX is -0.08. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SPECX vs. FGFIX - Performance Comparison
Key characteristics
SPECX:
1.46
FGFIX:
0.85
SPECX:
1.89
FGFIX:
1.27
SPECX:
1.27
FGFIX:
1.15
SPECX:
0.87
FGFIX:
0.35
SPECX:
6.66
FGFIX:
2.08
SPECX:
5.05%
FGFIX:
2.18%
SPECX:
23.12%
FGFIX:
5.34%
SPECX:
-74.05%
FGFIX:
-18.43%
SPECX:
-15.86%
FGFIX:
-7.88%
Returns By Period
In the year-to-date period, SPECX achieves a 7.67% return, which is significantly higher than FGFIX's 0.49% return. Over the past 10 years, SPECX has outperformed FGFIX with an annualized return of 5.38%, while FGFIX has yielded a comparatively lower 1.22% annualized return.
SPECX
7.67%
4.26%
16.20%
36.39%
4.81%
5.38%
FGFIX
0.49%
0.87%
-1.28%
4.14%
-0.54%
1.22%
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SPECX vs. FGFIX - Expense Ratio Comparison
SPECX has a 1.39% expense ratio, which is higher than FGFIX's 0.34% expense ratio.
Risk-Adjusted Performance
SPECX vs. FGFIX — Risk-Adjusted Performance Rank
SPECX
FGFIX
SPECX vs. FGFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Spectra Fund (SPECX) and Federated Hermes Core Bond Fund (FGFIX). 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
SPECX vs. FGFIX - Dividend Comparison
SPECX has not paid dividends to shareholders, while FGFIX's dividend yield for the trailing twelve months is around 4.08%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPECX Alger Spectra Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FGFIX Federated Hermes Core Bond Fund | 4.08% | 3.99% | 3.51% | 3.51% | 2.72% | 2.60% | 2.87% | 2.72% | 2.68% | 2.75% | 2.88% | 2.80% |
Drawdowns
SPECX vs. FGFIX - Drawdown Comparison
The maximum SPECX drawdown since its inception was -74.05%, which is greater than FGFIX's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for SPECX and FGFIX. For additional features, visit the drawdowns tool.
Volatility
SPECX vs. FGFIX - Volatility Comparison
Alger Spectra Fund (SPECX) has a higher volatility of 8.37% compared to Federated Hermes Core Bond Fund (FGFIX) at 1.44%. This indicates that SPECX's price experiences larger fluctuations and is considered to be riskier than FGFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.