SPECX vs. SWLGX
Compare and contrast key facts about Alger Spectra Fund (SPECX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX).
SPECX is managed by Alger. It was launched on Jul 28, 1969. SWLGX is a passively managed fund by Charles Schwab that tracks the performance of the Russell 1000 Growth Index. It was launched on Dec 20, 2017.
Performance
SPECX vs. SWLGX - Performance Comparison
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SPECX vs. SWLGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPECX Alger Spectra Fund | -15.14% | 29.16% | 47.52% | 41.34% | -39.37% | 12.61% | 43.66% | 32.15% | -0.82% | -0.39% |
SWLGX Schwab U.S. Large-Cap Growth Index Fund | -13.06% | 18.55% | 33.30% | 42.67% | -29.17% | 27.55% | 38.43% | 36.30% | -1.59% | -0.60% |
Returns By Period
In the year-to-date period, SPECX achieves a -15.14% return, which is significantly lower than SWLGX's -13.06% return.
SPECX
- 1D
- -1.46%
- 1M
- -9.64%
- YTD
- -15.14%
- 6M
- -16.34%
- 1Y
- 25.34%
- 3Y*
- 26.11%
- 5Y*
- 9.62%
- 10Y*
- 14.53%
SWLGX
- 1D
- -0.46%
- 1M
- -8.63%
- YTD
- -13.06%
- 6M
- -12.07%
- 1Y
- 14.45%
- 3Y*
- 19.67%
- 5Y*
- 11.90%
- 10Y*
- —
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SPECX vs. SWLGX - Expense Ratio Comparison
SPECX has a 1.39% expense ratio, which is higher than SWLGX's 0.04% expense ratio.
Return for Risk
SPECX vs. SWLGX — Risk / Return Rank
SPECX
SWLGX
SPECX vs. SWLGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Spectra Fund (SPECX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX). 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.
| SPECX | SWLGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 0.66 | +0.23 |
Sortino ratioReturn per unit of downside risk | 1.39 | 1.10 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.15 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 0.72 | +0.34 |
Martin ratioReturn relative to average drawdown | 3.51 | 2.51 | +1.00 |
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
| SPECX | SWLGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 0.66 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.56 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.68 | -0.22 |
Correlation
The correlation between SPECX and SWLGX is 0.95, 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
SPECX vs. SWLGX - Dividend Comparison
SPECX's dividend yield for the trailing twelve months is around 8.80%, more than SWLGX's 0.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPECX Alger Spectra Fund | 8.80% | 7.47% | 6.49% | 0.00% | 2.70% | 34.41% | 9.19% | 7.20% | 12.09% | 6.14% | 0.00% | 8.80% |
SWLGX Schwab U.S. Large-Cap Growth Index Fund | 0.52% | 0.46% | 0.52% | 0.67% | 0.93% | 1.76% | 0.67% | 0.96% | 1.03% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPECX vs. SWLGX - Drawdown Comparison
The maximum SPECX drawdown since its inception was -72.19%, which is greater than SWLGX's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for SPECX and SWLGX.
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Drawdown Indicators
| SPECX | SWLGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.19% | -32.69% | -39.50% |
Max Drawdown (1Y)Largest decline over 1 year | -20.03% | -16.16% | -3.87% |
Max Drawdown (5Y)Largest decline over 5 years | -54.82% | -32.69% | -22.13% |
Max Drawdown (10Y)Largest decline over 10 years | -54.82% | — | — |
Current DrawdownCurrent decline from peak | -20.03% | -16.16% | -3.87% |
Average DrawdownAverage peak-to-trough decline | -24.16% | -7.13% | -17.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.06% | 4.62% | +1.44% |
Volatility
SPECX vs. SWLGX - Volatility Comparison
Alger Spectra Fund (SPECX) has a higher volatility of 7.79% compared to Schwab U.S. Large-Cap Growth Index Fund (SWLGX) at 5.38%. This indicates that SPECX's price experiences larger fluctuations and is considered to be riskier than SWLGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPECX | SWLGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.79% | 5.38% | +2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 17.03% | 11.82% | +5.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.87% | 22.31% | +5.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.64% | 21.47% | +11.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.72% | 22.78% | +4.94% |