SPEGX vs. FOKFX

Last updated Jun 4, 2026

SPEGX (Alger Responsible Investing Fund) and FOKFX (Fidelity OTC K6 Portfolio) are both Large Cap Growth Equities funds. Over the past 5 years, SPEGX returned 14.81%/yr vs 18.58%/yr for FOKFX. With a 0.96 correlation, they move nearly in lockstep. SPEGX charges 1.27%/yr vs 0.50%/yr for FOKFX.

Performance

SPEGX vs. FOKFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger Responsible Investing Fund (SPEGX) and Fidelity OTC K6 Portfolio (FOKFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPEGX achieves a 13.13% return, which is significantly lower than FOKFX's 28.00% return.

SPEGX

• 1D: 0.17%
• 1M: 7.98%
• YTD: 13.13%
• 6M: 13.27%
• 1Y: 35.07%
• 3Y*: 26.70%
• 5Y*: 14.81%
• 10Y*: 15.42%

FOKFX

• 1D: 0.90%
• 1M: 11.67%
• YTD: 28.00%
• 6M: 26.89%
• 1Y: 59.16%
• 3Y*: 32.88%
• 5Y*: 18.58%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPEGX vs. FOKFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SPEGX Alger Responsible Investing Fund	13.13%	22.09%	31.46%	36.73%	-30.82%	24.12%	35.83%	13.01%
FOKFX Fidelity OTC K6 Portfolio	28.00%	20.30%	34.58%	43.48%	-32.32%	25.95%	47.52%	17.08%

Correlation

The correlation between SPEGX and FOKFX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019	0.96

The correlation between SPEGX and FOKFX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

Return for Risk

SPEGX vs. FOKFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPEGX

SPEGX Risk / Return Rank: 46
SPEGX Sharpe Ratio Rank: 53
SPEGX Sortino Ratio Rank: 45
SPEGX Omega Ratio Rank: 45
SPEGX Calmar Ratio Rank: 44
SPEGX Martin Ratio Rank: 42

FOKFX

FOKFX Risk / Return Rank: 89
FOKFX Sharpe Ratio Rank: 94
FOKFX Sortino Ratio Rank: 86
FOKFX Omega Ratio Rank: 82
FOKFX Calmar Ratio Rank: 91
FOKFX Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPEGX vs. FOKFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger Responsible Investing Fund (SPEGX) and Fidelity OTC K6 Portfolio (FOKFX). 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.

	SPEGX	FOKFX	Difference
Sharpe ratio: Return per unit of total volatility	2.15	3.27	-1.13
Sortino ratio: Return per unit of downside risk	2.83	4.07	-1.24
Omega ratio: Gain probability vs. loss probability	1.36	1.54	-0.18
Calmar ratio: Return relative to maximum drawdown	2.55	4.82	-2.27
Martin ratio: Return relative to average drawdown	8.96	19.97	-11.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPEGX vs. FOKFX - Sharpe Ratio Comparison

The current SPEGX Sharpe Ratio is 2.15, which is lower than the FOKFX Sharpe Ratio of 3.27. The chart below compares the historical Sharpe Ratios of SPEGX and FOKFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPEGX	FOKFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	3.27	-1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.81	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.96	-0.71

Drawdowns

SPEGX vs. FOKFX - Drawdown Comparison

The maximum SPEGX drawdown since its inception was -67.29%, which is greater than FOKFX's maximum drawdown of -37.26%. Use the drawdown chart below to compare losses from any high point for SPEGX and FOKFX.

Drawdown Indicators

	SPEGX	FOKFX	Difference
Max Drawdown Largest peak-to-trough decline	-67.29%	-37.26%	-30.03%
Max Drawdown (1Y) Largest decline over 1 year	-14.24%	-12.53%	-1.71%
Max Drawdown (3Y) Largest decline over 3 years	-24.92%	-24.81%	-0.11%
Max Drawdown (5Y) Largest decline over 5 years	-36.33%	-37.26%	+0.93%
Max Drawdown (10Y) Largest decline over 10 years	-36.33%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-24.51%	-9.20%	-15.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.05%	3.01%	+1.04%

Volatility

SPEGX vs. FOKFX - Volatility Comparison

The current volatility for Alger Responsible Investing Fund (SPEGX) is 4.07%, while Fidelity OTC K6 Portfolio (FOKFX) has a volatility of 5.62%. This indicates that SPEGX experiences smaller price fluctuations and is considered to be less risky than FOKFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPEGX	FOKFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.07%	5.62%	-1.55%
Volatility (6M) Calculated over the trailing 6-month period	13.01%	14.55%	-1.54%
Volatility (1Y) Calculated over the trailing 1-year period	16.92%	18.45%	-1.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.81%	23.01%	-1.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.72%	24.63%	-2.91%

SPEGX vs. FOKFX - Expense Ratio Comparison

SPEGX has a 1.27% expense ratio, which is higher than FOKFX's 0.50% expense ratio.

Dividends

SPEGX vs. FOKFX - Dividend Comparison

SPEGX's dividend yield for the trailing twelve months is around 7.56%, more than FOKFX's 3.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FOKFX Fidelity OTC K6 Portfolio	3.28%	4.20%	4.58%	0.24%	0.08%	3.81%	0.39%	0.32%	0.00%
SPEGX Alger Responsible Investing Fund	7.56%	8.55%	8.89%	2.92%	0.81%	8.42%	7.23%	7.54%	7.04%

Frequently Asked Questions

Can I hold both SPEGX and FOKFX in my portfolio?

With a correlation of 0.93, SPEGX and FOKFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SPEGX or FOKFX?

FOKFX has higher volatility (5.62%) compared to SPEGX (4.07%). In terms of maximum drawdown, SPEGX dropped -67.29% vs FOKFX's -37.26%.

Which has better risk-adjusted returns?

FOKFX currently has the higher Sharpe Ratio (3.27 vs 2.15), 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.