ALGER SMALL Information Ratio
| AOFIX Fund | | | USD 21.99 -0.04 -0.18% |
The Information Ratio measures excess return (alpha) per unit of tracking error relative to a benchmark. Unlike the Sharpe Ratio, which uses total volatility, the Information Ratio isolates only the variability of the alpha component — the return attributable to active decisions rather than passive market exposure. Below is ALGER SMALL's current Information Ratio with peer comparisons and related risk metrics.
Current Information Ratio Value
ALGER SMALL has a Information Ratio of
-0.05, indicating slight underperformance relative to the benchmark on a risk-adjusted basis. The negative value indicates ALGER SMALL has not kept pace with its benchmark after accounting for tracking error.
INFOR | = | ER[a] - ER[b]STD[a] |
| = | -0.05 | |
Information Ratio Peers Comparison
Relative to peers, ALGER SMALL's Information Ratio is below the group average of 0.14. Peer readings range from 0.1234 (Rems Real Estate) to 0.151 (Prudential Real Estate), reflecting tight clustering across the sector. ALGER SMALL's risk-adjusted return trails the peer average, indicating less efficient compensation for the risk incurred.
Information Ratio Relative To Other Indicators
The chart below plots Information Ratio against Maximum Drawdown for Alger Small and its peers. Each point represents one equity — position along the horizontal axis shows Information Ratio while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
Compare ALGER SMALL to PeersMethodology, Assumptions & Data Sources
The current Information Ratio for ALGER SMALL is -0.05. The Information Ratio for ALGER SMALL applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. ALGER SMALL operates in the small growth sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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