SPECX vs. WIREX
Compare and contrast key facts about Alger Spectra Fund (SPECX) and Wireless Fund (WIREX).
SPECX is managed by Alger. It was launched on Jul 28, 1969. WIREX is managed by Wireless. It was launched on Apr 3, 2000.
Performance
SPECX vs. WIREX - Performance Comparison
Loading graphics...
SPECX vs. WIREX - 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% | 31.11% |
WIREX Wireless Fund | -11.18% | 26.45% | 38.24% | 57.70% | -34.76% | 23.22% | 41.12% | 37.03% | -4.60% | 29.76% |
Returns By Period
In the year-to-date period, SPECX achieves a -15.14% return, which is significantly lower than WIREX's -11.18% return. Over the past 10 years, SPECX has underperformed WIREX with an annualized return of 14.53%, while WIREX has yielded a comparatively higher 17.28% annualized 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%
WIREX
- 1D
- -1.51%
- 1M
- -9.44%
- YTD
- -11.18%
- 6M
- -9.46%
- 1Y
- 28.92%
- 3Y*
- 26.56%
- 5Y*
- 14.08%
- 10Y*
- 17.28%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SPECX vs. WIREX - Expense Ratio Comparison
SPECX has a 1.39% expense ratio, which is lower than WIREX's 1.95% expense ratio.
Return for Risk
SPECX vs. WIREX — Risk / Return Rank
SPECX
WIREX
SPECX vs. WIREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Spectra Fund (SPECX) and Wireless Fund (WIREX). 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 | WIREX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 1.09 | -0.21 |
Sortino ratioReturn per unit of downside risk | 1.39 | 1.65 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.57 | -0.51 |
Martin ratioReturn relative to average drawdown | 3.51 | 5.25 | -1.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SPECX | WIREX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 1.09 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.01 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.01 | +0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.00 | +0.46 |
Correlation
The correlation between SPECX and WIREX is 0.87, 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. WIREX - Dividend Comparison
SPECX's dividend yield for the trailing twelve months is around 8.80%, more than WIREX's 3.83% 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% |
WIREX Wireless Fund | 3.83% | 3.41% | 1.95% | 0.45% | 6.80% | 16.58% | 11.36% | 21.52% | 5.51% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPECX vs. WIREX - Drawdown Comparison
The maximum SPECX drawdown since its inception was -72.19%, smaller than the maximum WIREX drawdown of -98.24%. Use the drawdown chart below to compare losses from any high point for SPECX and WIREX.
Loading graphics...
Drawdown Indicators
| SPECX | WIREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.19% | -98.24% | +26.05% |
Max Drawdown (1Y)Largest decline over 1 year | -20.03% | -16.20% | -3.83% |
Max Drawdown (5Y)Largest decline over 5 years | -54.82% | -98.24% | +43.42% |
Max Drawdown (10Y)Largest decline over 10 years | -54.82% | -98.24% | +43.42% |
Current DrawdownCurrent decline from peak | -20.03% | -97.44% | +77.41% |
Average DrawdownAverage peak-to-trough decline | -24.16% | -60.77% | +36.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.06% | 4.84% | +1.22% |
Volatility
SPECX vs. WIREX - Volatility Comparison
Alger Spectra Fund (SPECX) has a higher volatility of 7.79% compared to Wireless Fund (WIREX) at 7.08%. This indicates that SPECX's price experiences larger fluctuations and is considered to be riskier than WIREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SPECX | WIREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.79% | 7.08% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 17.03% | 16.19% | +0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.87% | 26.56% | +1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.64% | 2,245.99% | -2,213.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.72% | 1,588.19% | -1,560.47% |