SPEDX vs. FTLS
Compare and contrast key facts about Alger Dynamic Opportunities Fund (SPEDX) and First Trust Long/Short Equity ETF (FTLS).
SPEDX is managed by Alger. It was launched on Nov 1, 2009. FTLS is an actively managed fund by First Trust. It was launched on Sep 9, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPEDX or FTLS.
Correlation
The correlation between SPEDX and FTLS is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SPEDX vs. FTLS - Performance Comparison
Key characteristics
SPEDX:
1.26
FTLS:
1.55
SPEDX:
1.77
FTLS:
2.14
SPEDX:
1.23
FTLS:
1.29
SPEDX:
0.77
FTLS:
3.52
SPEDX:
8.51
FTLS:
11.05
SPEDX:
1.95%
FTLS:
1.41%
SPEDX:
13.17%
FTLS:
10.04%
SPEDX:
-32.93%
FTLS:
-20.53%
SPEDX:
-5.61%
FTLS:
-0.26%
Returns By Period
In the year-to-date period, SPEDX achieves a 1.53% return, which is significantly lower than FTLS's 3.31% return. Over the past 10 years, SPEDX has underperformed FTLS with an annualized return of 5.59%, while FTLS has yielded a comparatively higher 8.54% annualized return.
SPEDX
1.53%
-1.62%
9.61%
17.96%
7.18%
5.59%
FTLS
3.31%
1.18%
7.90%
16.94%
10.18%
8.54%
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SPEDX vs. FTLS - Expense Ratio Comparison
SPEDX has a 0.91% expense ratio, which is lower than FTLS's 1.60% expense ratio.
Risk-Adjusted Performance
SPEDX vs. FTLS — Risk-Adjusted Performance Rank
SPEDX
FTLS
SPEDX vs. FTLS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Dynamic Opportunities Fund (SPEDX) and First Trust Long/Short Equity ETF (FTLS). 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. FTLS - Dividend Comparison
SPEDX has not paid dividends to shareholders, while FTLS's dividend yield for the trailing twelve months is around 1.46%.
| 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% |
FTLS First Trust Long/Short Equity ETF | 1.46% | 1.50% | 1.49% | 0.81% | 0.01% | 0.44% | 0.83% | 0.87% | 0.43% | 1.04% | 0.49% | 0.51% |
Drawdowns
SPEDX vs. FTLS - Drawdown Comparison
The maximum SPEDX drawdown since its inception was -32.93%, which is greater than FTLS's maximum drawdown of -20.53%. Use the drawdown chart below to compare losses from any high point for SPEDX and FTLS. For additional features, visit the drawdowns tool.
Volatility
SPEDX vs. FTLS - Volatility Comparison
Alger Dynamic Opportunities Fund (SPEDX) has a higher volatility of 5.06% compared to First Trust Long/Short Equity ETF (FTLS) at 2.41%. This indicates that SPEDX's price experiences larger fluctuations and is considered to be riskier than FTLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.