SPEDX vs. AGG
Compare and contrast key facts about Alger Dynamic Opportunities Fund (SPEDX) and iShares Core U.S. Aggregate Bond ETF (AGG).
SPEDX is managed by Alger. It was launched on Nov 1, 2009. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPEDX or AGG.
Correlation
The correlation between SPEDX and AGG is -0.07. 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
SPEDX vs. AGG - Performance Comparison
Key characteristics
SPEDX:
1.08
AGG:
0.89
SPEDX:
1.53
AGG:
1.30
SPEDX:
1.20
AGG:
1.16
SPEDX:
0.67
AGG:
0.36
SPEDX:
7.10
AGG:
2.21
SPEDX:
2.02%
AGG:
2.12%
SPEDX:
13.34%
AGG:
5.25%
SPEDX:
-32.93%
AGG:
-18.43%
SPEDX:
-8.50%
AGG:
-7.58%
Returns By Period
In the year-to-date period, SPEDX achieves a -1.58% return, which is significantly lower than AGG's 1.49% return. Over the past 10 years, SPEDX has outperformed AGG with an annualized return of 5.27%, while AGG has yielded a comparatively lower 1.35% annualized return.
SPEDX
-1.58%
-6.55%
5.87%
12.72%
6.50%
5.27%
AGG
1.49%
1.38%
-0.86%
4.92%
-0.54%
1.35%
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SPEDX vs. AGG - Expense Ratio Comparison
SPEDX has a 0.91% expense ratio, which is higher than AGG's 0.05% expense ratio.
Risk-Adjusted Performance
SPEDX vs. AGG — Risk-Adjusted Performance Rank
SPEDX
AGG
SPEDX vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Dynamic Opportunities Fund (SPEDX) and iShares Core U.S. Aggregate Bond ETF (AGG). 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
SPEDX vs. AGG - Dividend Comparison
SPEDX has not paid dividends to shareholders, while AGG's dividend yield for the trailing twelve months is around 3.73%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPEDX Alger Dynamic Opportunities Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.73% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% |
Drawdowns
SPEDX vs. AGG - Drawdown Comparison
The maximum SPEDX drawdown since its inception was -32.93%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for SPEDX and AGG. For additional features, visit the drawdowns tool.
Volatility
SPEDX vs. AGG - Volatility Comparison
Alger Dynamic Opportunities Fund (SPEDX) has a higher volatility of 5.16% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.45%. This indicates that SPEDX's price experiences larger fluctuations and is considered to be riskier than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.