SPEDX vs. WPOPX
SPEDX (Alger Dynamic Opportunities Fund) and WPOPX (Weitz Partners III Opportunity Fund) are both Long-Short funds. Over the past 10 years, SPEDX returned 9.38%/yr vs 6.18%/yr for WPOPX. A 0.62 correlation means they provide meaningful diversification when combined. SPEDX charges 0.91%/yr vs 1.43%/yr for WPOPX.
Performance
SPEDX vs. WPOPX - Performance Comparison
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Returns By Period
In the year-to-date period, SPEDX achieves a 9.52% return, which is significantly higher than WPOPX's -3.40% return. Over the past 10 years, SPEDX has outperformed WPOPX with an annualized return of 9.38%, while WPOPX has yielded a comparatively lower 6.18% annualized return.
SPEDX
- 1D
- 0.71%
- 1M
- 3.72%
- YTD
- 9.52%
- 6M
- 8.20%
- 1Y
- 13.51%
- 3Y*
- 13.25%
- 5Y*
- 4.60%
- 10Y*
- 9.38%
WPOPX
- 1D
- 0.16%
- 1M
- -0.79%
- YTD
- -3.40%
- 6M
- -3.84%
- 1Y
- 0.17%
- 3Y*
- 7.63%
- 5Y*
- 1.54%
- 10Y*
- 6.18%
SPEDX vs. WPOPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPEDX Alger Dynamic Opportunities Fund | 9.52% | 6.22% | 23.03% | 4.24% | -13.90% | 3.96% | 47.30% | 12.79% | -2.32% | 9.46% |
WPOPX Weitz Partners III Opportunity Fund | -3.40% | 3.23% | 16.32% | 17.35% | -22.53% | 12.55% | 9.45% | 34.24% | -5.26% | 5.48% |
Correlation
The correlation between SPEDX and WPOPX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2009 | 0.62 |
Over the past year, the correlation between SPEDX and WPOPX has dropped to 0.20 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
SPEDX vs. WPOPX — Risk / Return Rank
SPEDX
WPOPX
SPEDX vs. WPOPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Dynamic Opportunities Fund (SPEDX) and Weitz Partners III Opportunity Fund (WPOPX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPEDX | WPOPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.02 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 0.03 | +1.39 |
| Martin ratioReturn relative to average drawdown | 3.94 | 0.09 | +3.85 |
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Drawdowns
SPEDX vs. WPOPX - Drawdown Comparison
The maximum SPEDX drawdown since its inception was -29.02%, smaller than the maximum WPOPX drawdown of -55.70%. Use the drawdown chart below to compare losses from any high point for SPEDX and WPOPX.
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Drawdown Indicators
| SPEDX | WPOPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.02% | -55.70% | +26.68% |
Max Drawdown (1Y)Largest decline over 1 year | -9.18% | -12.44% | +3.26% |
Max Drawdown (3Y)Largest decline over 3 years | -13.23% | -14.79% | +1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -29.02% | -28.73% | -0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -29.02% | -28.73% | -0.29% |
Current DrawdownCurrent decline from peak | 0.00% | -5.66% | +5.66% |
Average DrawdownAverage peak-to-trough decline | -6.93% | -8.34% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 4.30% | -0.99% |
Volatility
SPEDX vs. WPOPX - Volatility Comparison
Alger Dynamic Opportunities Fund (SPEDX) has a higher volatility of 5.42% compared to Weitz Partners III Opportunity Fund (WPOPX) at 3.95%. This indicates that SPEDX's price experiences larger fluctuations and is considered to be riskier than WPOPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPEDX | WPOPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 3.95% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 9.42% | 9.24% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.95% | 12.19% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.01% | 15.93% | -3.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.93% | 15.99% | -3.06% |
SPEDX vs. WPOPX - Expense Ratio Comparison
SPEDX has a 0.91% expense ratio, which is lower than WPOPX's 1.43% expense ratio.
Dividends
SPEDX vs. WPOPX - Dividend Comparison
SPEDX's dividend yield for the trailing twelve months is around 0.08%, less than WPOPX's 5.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPEDX Alger Dynamic Opportunities Fund | 0.08% | 0.09% | 0.00% | 0.00% | 0.00% | 5.69% | 4.94% | 3.75% | 1.92% | 0.00% | 0.32% | 0.00% |
WPOPX Weitz Partners III Opportunity Fund | 5.82% | 5.62% | 7.04% | 6.85% | 8.47% | 11.86% | 12.50% | 6.51% | 7.99% | 4.65% | 1.35% | 13.50% |
Frequently Asked Questions
SPEDX and WPOPX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPEDX has higher volatility (5.42%) compared to WPOPX (3.95%). In terms of maximum drawdown, SPEDX dropped -29.02% vs WPOPX's -55.70%.
SPEDX currently has the higher Sharpe Ratio (1.09 vs 0.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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