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 Bloomberg U.S. Aggregate Bond Index. It was launched on Sep 22, 2003.
Performance
SPEDX vs. AGG - Performance Comparison
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SPEDX vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPEDX Alger Dynamic Opportunities Fund | -6.41% | 6.22% | 23.03% | 4.24% | -13.90% | 3.96% | 47.30% | 12.79% | -2.32% | 9.46% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.09% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Returns By Period
In the year-to-date period, SPEDX achieves a -6.41% return, which is significantly lower than AGG's 0.09% return. Over the past 10 years, SPEDX has outperformed AGG with an annualized return of 7.60%, while AGG has yielded a comparatively lower 1.66% annualized return.
SPEDX
- 1D
- 0.88%
- 1M
- -1.33%
- YTD
- -6.41%
- 6M
- -7.69%
- 1Y
- 4.68%
- 3Y*
- 8.59%
- 5Y*
- 1.72%
- 10Y*
- 7.60%
AGG
- 1D
- 0.07%
- 1M
- -1.33%
- YTD
- 0.09%
- 6M
- 0.78%
- 1Y
- 4.05%
- 3Y*
- 3.62%
- 5Y*
- 0.24%
- 10Y*
- 1.66%
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SPEDX vs. AGG - Expense Ratio Comparison
SPEDX has a 0.91% expense ratio, which is higher than AGG's 0.03% expense ratio.
Return for Risk
SPEDX vs. AGG — Risk / Return Rank
SPEDX
AGG
SPEDX vs. AGG - Risk-Adjusted Trends 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.
| SPEDX | AGG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.48 | 0.93 | -0.45 |
Sortino ratioReturn per unit of downside risk | 0.72 | 1.32 | -0.60 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.17 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.54 | 1.76 | -1.22 |
Martin ratioReturn relative to average drawdown | 1.64 | 4.89 | -3.25 |
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
| SPEDX | AGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 0.93 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.04 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.31 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.60 | -0.11 |
Correlation
The correlation between SPEDX and AGG is -0.06. 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.
Dividends
SPEDX vs. AGG - Dividend Comparison
SPEDX's dividend yield for the trailing twelve months is around 0.10%, less than AGG's 3.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPEDX Alger Dynamic Opportunities Fund | 0.10% | 0.09% | 0.00% | 0.00% | 0.00% | 5.69% | 4.94% | 3.75% | 1.92% | 0.00% | 0.32% | 0.00% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.95% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
Drawdowns
SPEDX vs. AGG - Drawdown Comparison
The maximum SPEDX drawdown since its inception was -29.02%, 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.
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Drawdown Indicators
| SPEDX | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.02% | -18.43% | -10.59% |
Max Drawdown (1Y)Largest decline over 1 year | -9.18% | -2.52% | -6.66% |
Max Drawdown (5Y)Largest decline over 5 years | -29.02% | -17.82% | -11.20% |
Max Drawdown (10Y)Largest decline over 10 years | -29.02% | -18.43% | -10.59% |
Current DrawdownCurrent decline from peak | -8.39% | -2.30% | -6.09% |
Average DrawdownAverage peak-to-trough decline | -7.00% | -2.71% | -4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 0.91% | +2.13% |
Volatility
SPEDX vs. AGG - Volatility Comparison
Alger Dynamic Opportunities Fund (SPEDX) has a higher volatility of 2.82% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.67%. 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.
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Volatility by Period
| SPEDX | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 1.67% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 2.55% | +5.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.44% | 4.37% | +6.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.00% | 6.07% | +5.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.78% | 5.39% | +7.39% |