An Active ETF Approach to Best-Navigate the Mid Cap Landscape Exchange traded fund investors can focus on a mid-capitalization fund strategy targeting today’s high-conviction stock picks. In the recent webcast, Don’t Dilute Your Dollars with an Index-Only Strategy, Amy Zhang, Executive Vice President, Portfolio Manager, Alger, highlighted the historical outperformance of the mid cap category, which has generated an annualized total return of 12.3% from 1990 through 2020, compared to the 11.0% for small caps and 10.7% for large caps over the same period. Despite higher returns, mid cap risk has historically come in between large- and small-caps. From 1990 through 2020, mid caps showed a standard deviation of 16.3, compared to the 14.6 for large caps and 19.2 for small caps.