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VOLSX vs. SPEDX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VOLSX vs. SPEDX

Last updated Jun 24, 2026

VOLSX (ABR 75/25 Volatility Fund) and SPEDX (Alger Dynamic Opportunities Fund) are both Long-Short funds. Over the past 5 years, VOLSX returned 4.56%/yr vs 4.09%/yr for SPEDX. A 0.63 correlation means they provide meaningful diversification when combined. VOLSX charges 1.75%/yr vs 0.91%/yr for SPEDX.

Performance

VOLSX vs. SPEDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ABR 75/25 Volatility Fund (VOLSX) and Alger Dynamic Opportunities Fund (SPEDX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VOLSX achieves a 5.73% return, which is significantly lower than SPEDX's 9.20% return.

VOLSX

1D
-0.44%
1M
0.88%
YTD
5.73%
6M
5.01%
1Y
24.07%
3Y*
10.01%
5Y*
4.56%
10Y*
—

SPEDX

1D
-0.29%
1M
3.42%
YTD
9.20%
6M
7.79%
1Y
12.65%
3Y*
13.19%
5Y*
4.09%
10Y*
9.55%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VOLSX vs. SPEDX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
VOLSX
ABR 75/25 Volatility Fund		5.73%2.83%15.19%24.73%-29.76%27.64%2.00%
SPEDX
Alger Dynamic Opportunities Fund		9.20%6.22%23.03%4.24%-13.90%3.96%15.65%

Correlation

The correlation between VOLSX and SPEDX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.63

Correlation (3Y)
Calculated over the trailing 3-year period

0.63

Correlation (5Y)
Calculated over the trailing 5-year period

0.65

Correlation (All Time)
Calculated using the full available price history since Aug 3, 2020

0.63

The correlation between VOLSX and SPEDX has been stable across timeframes, ranging from 0.63 to 0.65 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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ABR 75/25 Volatility Fund

Alger Dynamic Opportunities Fund

Often compared with VOLSX:
VOLSX vs. AQMIXVOLSX vs. ABRSXVOLSX vs. ABRVXVOLSX vs. MNWIXVOLSX vs. BIVIXVOLSX vs. GTAPXVOLSX vs. QAMNX
Often compared with SPEDX:
SPEDX vs. LBAYSPEDX vs. CLSESPEDX vs. FTLSSPEDX vs. AGGSPEDX vs. ATESXSPEDX vs. JAKRXSPEDX vs. GTRFX

Return for Risk

VOLSX vs. SPEDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VOLSX
VOLSX Risk / Return Rank: 4242
Overall Rank
VOLSX Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
VOLSX Sortino Ratio Rank: 3939
Sortino Ratio Rank
VOLSX Omega Ratio Rank: 4646
Omega Ratio Rank
VOLSX Calmar Ratio Rank: 3434
Calmar Ratio Rank
VOLSX Martin Ratio Rank: 4545
Martin Ratio Rank
SPEDX
SPEDX Risk / Return Rank: 1717
Overall Rank
SPEDX Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
SPEDX Sortino Ratio Rank: 1818
Sortino Ratio Rank
SPEDX Omega Ratio Rank: 1717
Omega Ratio Rank
SPEDX Calmar Ratio Rank: 1919
Calmar Ratio Rank
SPEDX Martin Ratio Rank: 1616
Martin Ratio Rank
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.

VOLSX vs. SPEDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ABR 75/25 Volatility Fund (VOLSX) and Alger Dynamic Opportunities Fund (SPEDX). 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.

VOLSXSPEDXDifference
Sharpe ratioReturn per unit of total volatility
1.79
1.11

+0.68

Sortino ratioReturn per unit of downside risk
2.43
1.62

+0.81

Omega ratioGain probability vs. loss probability

1.34

1.20

+0.14

Calmar ratioReturn relative to maximum drawdown

2.07

1.44

+0.63

Martin ratioReturn relative to average drawdown

8.93

3.99

+4.94

VOLSX vs. SPEDX - Sharpe Ratio Comparison

The current VOLSX Sharpe Ratio is 1.79, which is higher than the SPEDX Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of VOLSX and SPEDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VOLSX vs. SPEDX - Drawdown Comparison

The maximum VOLSX drawdown since its inception was -35.10%, which is greater than SPEDX's maximum drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for VOLSX and SPEDX.

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Drawdown Indicators

VOLSXSPEDXDifference

Max Drawdown

Largest peak-to-trough decline

-35.10%

-29.02%

-6.08%

Max Drawdown (1Y)

Largest decline over 1 year

-12.37%

-9.18%

-3.19%

Max Drawdown (3Y)

Largest decline over 3 years

-24.07%

-13.23%

-10.84%

Max Drawdown (5Y)

Largest decline over 5 years

-35.10%

-29.02%

-6.08%

Max Drawdown (10Y)

Largest decline over 10 years

—

-29.02%

—

Current Drawdown

Current decline from peak

-1.46%

-0.29%

-1.17%

Average Drawdown

Average peak-to-trough decline

-10.95%

-6.93%

-4.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.87%

3.31%

-0.44%

Volatility

VOLSX vs. SPEDX - Volatility Comparison

The current volatility for ABR 75/25 Volatility Fund (VOLSX) is 4.60%, while Alger Dynamic Opportunities Fund (SPEDX) has a volatility of 5.39%. This indicates that VOLSX experiences smaller price fluctuations and is considered to be less risky than SPEDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VOLSXSPEDXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.60%

5.39%

-0.79%

Volatility (6M)

Calculated over the trailing 6-month period

11.51%

9.24%

+2.27%

Volatility (1Y)

Calculated over the trailing 1-year period

14.37%

11.97%

+2.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.24%

12.00%

+6.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.92%

12.93%

+5.99%

VOLSX vs. SPEDX - Expense Ratio Comparison

VOLSX has a 1.75% expense ratio, which is higher than SPEDX's 0.91% expense ratio.

Dividends

VOLSX vs. SPEDX - Dividend Comparison

VOLSX's dividend yield for the trailing twelve months is around 2.06%, more than SPEDX's 0.08% yield.

PositionTTM2025202420232022202120202019201820172016
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%
VOLSX
ABR 75/25 Volatility Fund		2.06%2.18%2.24%0.29%0.00%18.63%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

VOLSX and SPEDX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SPEDX has higher volatility (5.39%) compared to VOLSX (4.60%). In terms of maximum drawdown, VOLSX dropped -35.10% vs SPEDX's -29.02%.

VOLSX currently has the higher Sharpe Ratio (1.79 vs 1.11), 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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