SPEGX vs. VFIAX

Last updated Aug 4, 2026

SPEGX (Alger Responsible Investing Fund) and VFIAX (Vanguard 500 Index Fund Admiral Shares) are both mutual funds - SPEGX is a Large Cap Growth Equities fund managed by Alger, while VFIAX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, SPEGX returned 14.46%/yr vs 15.12%/yr for VFIAX. Their correlation of 0.92 means they have usually moved in the same direction. SPEGX charges 1.27%/yr vs 0.04%/yr for VFIAX.

Performance

SPEGX vs. VFIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger Responsible Investing Fund (SPEGX) and Vanguard 500 Index Fund Admiral Shares (VFIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPEGX achieves a 6.98% return, which is significantly lower than VFIAX's 10.10% return. Both investments have delivered pretty close results over the past 10 years, with SPEGX having a 14.46% annualized return and VFIAX not far ahead at 15.12%.

SPEGX

• 1D: 1.40%
• 1M: -1.00%
• 6M: 7.14%
• YTD: 6.98%
• 1Y: 19.83%
• 3Y*: 21.82%
• 5Y*: 11.58%
• 10Y*: 14.46%
• ALL TIME*: 5.09%

VFIAX

• 1D: 0.71%
• 1M: 0.14%
• 6M: 7.95%
• YTD: 10.10%
• 1Y: 21.45%
• 3Y*: 19.38%
• 5Y*: 12.81%
• 10Y*: 15.12%
• ALL TIME*: 8.84%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SPEGX Alger Responsible Investing Fund	$0.00	$0.00	$0.00
VFIAX Vanguard 500 Index Fund Admiral Shares	$0.00	$0.00	$0.00

SPEGX vs. VFIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPEGX Alger Responsible Investing Fund	6.98%	22.09%	31.46%	36.73%	-30.82%	24.12%	35.83%	33.90%	-1.63%	10.44%
VFIAX Vanguard 500 Index Fund Admiral Shares	10.10%	17.83%	24.97%	26.24%	-18.16%	28.65%	18.32%	31.46%	-4.45%	21.78%

Correlation

The correlation between SPEGX and VFIAX is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.93
Correlation (All Time) Calculated using the full available price history since Dec 7, 2000	0.92

The correlation between SPEGX and VFIAX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

SPEGX vs. VFIAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SPEGX

SPEGX Risk / Return Rank: 24
SPEGX Sharpe Ratio Rank: 24
SPEGX Sortino Ratio Rank: 23
SPEGX Omega Ratio Rank: 23
SPEGX Calmar Ratio Rank: 24
SPEGX Martin Ratio Rank: 24

VFIAX

VFIAX Risk / Return Rank: 59
VFIAX Sharpe Ratio Rank: 56
VFIAX Sortino Ratio Rank: 52
VFIAX Omega Ratio Rank: 52
VFIAX Calmar Ratio Rank: 61
VFIAX Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SPEGX vs. VFIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger Responsible Investing Fund (SPEGX) and Vanguard 500 Index Fund Admiral Shares (VFIAX). 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	VFIAX	Difference
Sharpe ratio: Return per unit of total volatility	0.91	1.52	-0.61
Sortino ratio: Return per unit of downside risk	1.35	2.12	-0.76
Omega ratio: Gain probability vs. loss probability	1.16	1.27	-0.11
Calmar ratio: Return relative to maximum drawdown	1.21	2.20	-0.99
Martin ratio: Return relative to average drawdown	3.78	9.46	-5.67

SPEGX vs. VFIAX - Sharpe Ratio Comparison

The current SPEGX Sharpe Ratio is 0.91, which is lower than the VFIAX Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of SPEGX and VFIAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPEGX vs. VFIAX - Drawdown Comparison

The maximum SPEGX drawdown since its inception was -67.29%, which is greater than VFIAX's maximum drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for SPEGX and VFIAX.

Drawdown Indicators

	SPEGX	VFIAX	Difference
Max Drawdown Largest peak-to-trough decline	-67.29%	-55.20%	-12.09%
Max Drawdown (1Y) Largest decline over 1 year	-14.24%	-8.90%	-5.34%
Max Drawdown (3Y) Largest decline over 3 years	-24.92%	-18.75%	-6.17%
Max Drawdown (5Y) Largest decline over 5 years	-36.33%	-24.53%	-11.80%
Max Drawdown (10Y) Largest decline over 10 years	-36.33%	-33.83%	-2.50%
Current Drawdown Current decline from peak	-5.43%	-1.42%	-4.01%
Average Drawdown Average peak-to-trough decline	-24.38%	-9.35%	-15.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.56%	2.07%	+2.49%

Volatility

SPEGX vs. VFIAX - Volatility Comparison

Alger Responsible Investing Fund (SPEGX) has a higher volatility of 6.15% compared to Vanguard 500 Index Fund Admiral Shares (VFIAX) at 3.52%. This indicates that SPEGX's price experiences larger fluctuations and is considered to be riskier than VFIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPEGX	VFIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.15%	3.52%	+2.63%
Volatility (6M) Calculated over the trailing 6-month period	15.02%	10.11%	+4.91%
Volatility (1Y) Calculated over the trailing 1-year period	18.90%	12.87%	+6.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.14%	17.01%	+5.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.85%	18.07%	+3.78%

SPEGX vs. VFIAX - Expense Ratio Comparison

SPEGX has a 1.27% expense ratio, which is higher than VFIAX's 0.04% expense ratio.

Dividends

SPEGX vs. VFIAX - Dividend Comparison

SPEGX's dividend yield for the trailing twelve months is around 7.99%, more than VFIAX's 1.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPEGX Alger Responsible Investing Fund	7.99%	8.55%	8.89%	2.92%	0.81%	8.42%	7.23%	7.54%	7.04%	0.00%	0.00%	0.00%
VFIAX Vanguard 500 Index Fund Admiral Shares	1.06%	1.12%	1.24%	1.45%	1.68%	1.24%	1.53%	1.87%	2.05%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both SPEGX and VFIAX in my portfolio?

With a correlation of 0.92, SPEGX and VFIAX 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 VFIAX?

SPEGX has higher volatility (6.15%) compared to VFIAX (3.52%). In terms of maximum drawdown, SPEGX dropped -67.29% vs VFIAX's -55.20%.

Which has better risk-adjusted returns?

VFIAX currently has the higher Sharpe Ratio (1.52 vs 0.91), 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.