SPEDX vs. ALVOX
Compare and contrast key facts about Alger Dynamic Opportunities Fund (SPEDX) and Alger Capital Appreciation Portfolio (ALVOX).
SPEDX is managed by Alger. It was launched on Nov 1, 2009. ALVOX is managed by Alger. It was launched on Jan 25, 1995.
Performance
SPEDX vs. ALVOX - Performance Comparison
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SPEDX vs. ALVOX - 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% |
ALVOX Alger Capital Appreciation Portfolio | -10.16% | 32.25% | 48.13% | 43.13% | -36.69% | 19.79% | 41.90% | 33.59% | -0.01% | 31.17% |
Returns By Period
In the year-to-date period, SPEDX achieves a -6.41% return, which is significantly higher than ALVOX's -10.16% return. Over the past 10 years, SPEDX has underperformed ALVOX with an annualized return of 7.60%, while ALVOX has yielded a comparatively higher 17.09% 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%
ALVOX
- 1D
- 4.89%
- 1M
- -4.96%
- YTD
- -10.16%
- 6M
- -11.42%
- 1Y
- 33.04%
- 3Y*
- 30.33%
- 5Y*
- 12.94%
- 10Y*
- 17.09%
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SPEDX vs. ALVOX - Expense Ratio Comparison
Both SPEDX and ALVOX have an expense ratio of 0.91%.
Return for Risk
SPEDX vs. ALVOX — Risk / Return Rank
SPEDX
ALVOX
SPEDX vs. ALVOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Dynamic Opportunities Fund (SPEDX) and Alger Capital Appreciation Portfolio (ALVOX). 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 | ALVOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.48 | 1.29 | -0.81 |
Sortino ratioReturn per unit of downside risk | 0.72 | 1.90 | -1.18 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.26 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.54 | 1.81 | -1.26 |
Martin ratioReturn relative to average drawdown | 1.64 | 5.99 | -4.35 |
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 | ALVOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 1.29 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.51 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.73 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.61 | -0.13 |
Correlation
The correlation between SPEDX and ALVOX is 0.85, 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
SPEDX vs. ALVOX - Dividend Comparison
SPEDX's dividend yield for the trailing twelve months is around 0.10%, less than ALVOX's 20.91% 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% |
ALVOX Alger Capital Appreciation Portfolio | 20.91% | 18.78% | 0.00% | 0.00% | 9.84% | 26.10% | 14.64% | 12.19% | 21.59% | 6.47% | 0.00% | 12.50% |
Drawdowns
SPEDX vs. ALVOX - Drawdown Comparison
The maximum SPEDX drawdown since its inception was -29.02%, smaller than the maximum ALVOX drawdown of -67.54%. Use the drawdown chart below to compare losses from any high point for SPEDX and ALVOX.
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Drawdown Indicators
| SPEDX | ALVOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.02% | -67.54% | +38.52% |
Max Drawdown (1Y)Largest decline over 1 year | -9.18% | -18.86% | +9.68% |
Max Drawdown (5Y)Largest decline over 5 years | -29.02% | -41.01% | +11.99% |
Max Drawdown (10Y)Largest decline over 10 years | -29.02% | -41.01% | +11.99% |
Current DrawdownCurrent decline from peak | -8.39% | -14.89% | +6.50% |
Average DrawdownAverage peak-to-trough decline | -7.00% | -18.88% | +11.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 5.69% | -2.65% |
Volatility
SPEDX vs. ALVOX - Volatility Comparison
The current volatility for Alger Dynamic Opportunities Fund (SPEDX) is 2.82%, while Alger Capital Appreciation Portfolio (ALVOX) has a volatility of 9.06%. This indicates that SPEDX experiences smaller price fluctuations and is considered to be less risky than ALVOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPEDX | ALVOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 9.06% | -6.24% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 16.56% | -8.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.44% | 27.14% | -16.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.00% | 25.61% | -13.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.78% | 23.48% | -10.70% |