SPEGX vs. SPY
Compare and contrast key facts about Alger Responsible Investing Fund (SPEGX) and State Street SPDR S&P 500 ETF (SPY).
SPEGX is managed by Alger. It was launched on Dec 4, 2000. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
SPEGX vs. SPY - Performance Comparison
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SPEGX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPEGX Alger Responsible Investing Fund | -11.51% | 22.09% | 31.46% | 36.73% | -30.82% | 24.12% | 35.83% | 33.90% | -1.63% | 10.44% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, SPEGX achieves a -11.51% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, SPEGX has underperformed SPY with an annualized return of 12.53%, while SPY has yielded a comparatively higher 13.98% annualized return.
SPEGX
- 1D
- -0.88%
- 1M
- -7.98%
- YTD
- -11.51%
- 6M
- -9.97%
- 1Y
- 20.65%
- 3Y*
- 19.80%
- 5Y*
- 10.40%
- 10Y*
- 12.53%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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SPEGX vs. SPY - Expense Ratio Comparison
SPEGX has a 1.27% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
SPEGX vs. SPY — Risk / Return Rank
SPEGX
SPY
SPEGX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Responsible Investing Fund (SPEGX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 0.93 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.38 | 1.45 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.22 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.53 | -0.30 |
Martin ratioReturn relative to average drawdown | 4.22 | 7.30 | -3.08 |
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
| SPEGX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 0.93 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.69 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.78 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.56 | -0.35 |
Correlation
The correlation between SPEGX and SPY is 0.91, 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
SPEGX vs. SPY - Dividend Comparison
SPEGX's dividend yield for the trailing twelve months is around 9.67%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPEGX Alger Responsible Investing Fund | 9.67% | 8.55% | 8.89% | 2.92% | 0.81% | 8.42% | 7.23% | 7.54% | 7.04% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
SPEGX vs. SPY - Drawdown Comparison
The maximum SPEGX drawdown since its inception was -67.29%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SPEGX and SPY.
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Drawdown Indicators
| SPEGX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.29% | -55.19% | -12.10% |
Max Drawdown (1Y)Largest decline over 1 year | -14.24% | -12.05% | -2.19% |
Max Drawdown (5Y)Largest decline over 5 years | -36.33% | -24.50% | -11.83% |
Max Drawdown (10Y)Largest decline over 10 years | -36.33% | -33.72% | -2.61% |
Current DrawdownCurrent decline from peak | -14.24% | -6.24% | -8.00% |
Average DrawdownAverage peak-to-trough decline | -24.67% | -9.09% | -15.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.12% | 2.52% | +1.60% |
Volatility
SPEGX vs. SPY - Volatility Comparison
Alger Responsible Investing Fund (SPEGX) has a higher volatility of 5.83% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that SPEGX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPEGX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.83% | 5.31% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 13.18% | 9.47% | +3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.30% | 19.05% | +4.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.75% | 17.06% | +4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.61% | 17.92% | +3.69% |