SPEGX vs. IOLZX
SPEGX (Alger Responsible Investing Fund) and IOLZX (ICON Equity Fund) are both Large Cap Growth Equities funds. Over the past 10 years, SPEGX returned 14.23%/yr vs 14.43%/yr for IOLZX. Their correlation of 0.80 means they have usually moved in the same direction. SPEGX charges 1.27%/yr vs 1.04%/yr for IOLZX.
Performance
SPEGX vs. IOLZX - Performance Comparison
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Returns By Period
In the year-to-date period, SPEGX achieves a 5.51% return, which is significantly lower than IOLZX's 28.40% return. Both investments have delivered pretty close results over the past 10 years, with SPEGX having a 14.23% annualized return and IOLZX not far ahead at 14.43%.
SPEGX
- 1D
- 3.62%
- 1M
- -2.37%
- 6M
- 6.24%
- YTD
- 5.51%
- 1Y
- 18.17%
- 3Y*
- 21.12%
- 5Y*
- 11.27%
- 10Y*
- 14.23%
- ALL TIME*
- 5.04%
IOLZX
- 1D
- 2.38%
- 1M
- 1.29%
- 6M
- 21.25%
- YTD
- 28.40%
- 1Y
- 43.63%
- 3Y*
- 20.92%
- 5Y*
- 10.81%
- 10Y*
- 14.43%
- ALL TIME*
- 8.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
IOLZX ICON Equity Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
SPEGX vs. IOLZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPEGX Alger Responsible Investing Fund | 5.51% | 22.09% | 31.46% | 36.73% | -30.82% | 24.12% | 35.83% | 33.90% | -1.63% | 10.44% |
IOLZX ICON Equity Fund | 28.40% | 15.81% | 16.87% | 12.13% | -17.78% | 26.72% | 16.00% | 38.22% | -16.69% | 26.78% |
Correlation
The correlation between SPEGX and IOLZX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2004 | 0.80 |
The correlation between SPEGX and IOLZX shifts across timeframes, from 0.60 (3 years) to 0.80 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPEGX vs. IOLZX — Risk / Return Rank
SPEGX
IOLZX
SPEGX vs. IOLZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Responsible Investing Fund (SPEGX) and ICON Equity Fund (IOLZX). 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.
| SPEGX | IOLZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.33 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 2.74 | -1.65 |
| Martin ratioReturn relative to average drawdown | 3.42 | 9.60 | -6.18 |
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Drawdowns
SPEGX vs. IOLZX - Drawdown Comparison
The maximum SPEGX drawdown since its inception was -67.29%, which is greater than IOLZX's maximum drawdown of -56.03%. Use the drawdown chart below to compare losses from any high point for SPEGX and IOLZX.
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Drawdown Indicators
| SPEGX | IOLZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.29% | -56.03% | -11.26% |
Max Drawdown (1Y)Largest decline over 1 year | -14.24% | -14.35% | +0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -24.92% | -24.71% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -36.33% | -27.77% | -8.56% |
Max Drawdown (10Y)Largest decline over 10 years | -36.33% | -41.04% | +4.71% |
Current DrawdownCurrent decline from peak | -6.74% | -1.89% | -4.85% |
Average DrawdownAverage peak-to-trough decline | -24.39% | -12.56% | -11.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.55% | 4.10% | +0.45% |
Volatility
SPEGX vs. IOLZX - Volatility Comparison
Alger Responsible Investing Fund (SPEGX) and ICON Equity Fund (IOLZX) have volatilities of 5.96% and 5.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPEGX | IOLZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.96% | 5.99% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 14.99% | 16.34% | -1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.86% | 20.18% | -1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.14% | 21.55% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.84% | 22.33% | -0.49% |
SPEGX vs. IOLZX - Expense Ratio Comparison
SPEGX has a 1.27% expense ratio, which is higher than IOLZX's 1.04% expense ratio.
Dividends
SPEGX vs. IOLZX - Dividend Comparison
SPEGX's dividend yield for the trailing twelve months is around 8.11%, less than IOLZX's 8.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IOLZX ICON Equity Fund | 8.32% | 10.69% | 22.21% | 4.75% | 18.57% | 14.12% | 0.00% | 3.46% | 1.60% |
SPEGX Alger Responsible Investing Fund | 8.11% | 8.55% | 8.89% | 2.92% | 0.81% | 8.42% | 7.23% | 7.54% | 7.04% |
Frequently Asked Questions
SPEGX and IOLZX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IOLZX has higher volatility (5.99%) compared to SPEGX (5.96%). In terms of maximum drawdown, SPEGX dropped -67.29% vs IOLZX's -56.03%.
IOLZX currently has the higher Sharpe Ratio (1.95 vs 0.83), 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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