SPECX vs. VGT
Compare and contrast key facts about Alger Spectra Fund (SPECX) and Vanguard Information Technology ETF (VGT).
SPECX is managed by Alger. It was launched on Jul 28, 1969. VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Jan 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPECX or VGT.
Key characteristics
SPECX | VGT | |
---|---|---|
YTD Return | 20.61% | 11.03% |
1Y Return | 45.72% | 39.05% |
3Y Return (Ann) | 6.18% | 14.69% |
5Y Return (Ann) | 13.42% | 22.49% |
10Y Return (Ann) | 13.38% | 20.83% |
Sharpe Ratio | 2.54 | 2.12 |
Daily Std Dev | 17.77% | 18.40% |
Max Drawdown | -74.05% | -54.63% |
Current Drawdown | -21.41% | 0.00% |
Correlation
The correlation between SPECX and VGT is 0.90, 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
SPECX vs. VGT - Performance Comparison
In the year-to-date period, SPECX achieves a 20.61% return, which is significantly higher than VGT's 11.03% return. Over the past 10 years, SPECX has underperformed VGT with an annualized return of 13.38%, while VGT has yielded a comparatively higher 20.83% annualized 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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SPECX vs. VGT - Expense Ratio Comparison
SPECX has a 1.39% expense ratio, which is higher than VGT's 0.10% expense ratio.
Risk-Adjusted Performance
SPECX vs. VGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Spectra Fund (SPECX) and Vanguard Information Technology ETF (VGT). 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. VGT - Dividend Comparison
SPECX has not paid dividends to shareholders, while VGT's dividend yield for the trailing twelve months is around 0.67%.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Alger Spectra Fund | 0.00% | 0.00% | 2.70% | 34.41% | 9.19% | 7.20% | 12.09% | 6.14% | 2.07% | 8.80% | 13.76% | 5.73% |
Vanguard Information Technology ETF | 0.67% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% | 1.05% |
Drawdowns
SPECX vs. VGT - Drawdown Comparison
The maximum SPECX drawdown since its inception was -74.05%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for SPECX and VGT. For additional features, visit the drawdowns tool.
Volatility
SPECX vs. VGT - Volatility Comparison
Alger Spectra Fund (SPECX) and Vanguard Information Technology ETF (VGT) have volatilities of 6.27% and 6.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.