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Alger Capital Appreciation Fund (ACAAX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISINUS0155658497
CUSIP015565849
IssuerAlger
Inception DateDec 31, 1996
CategoryLarge Cap Growth Equities
Min. Investment$1,000
Asset ClassEquity

Asset Class Size

Large-Cap

Asset Class Style

Growth

Expense Ratio

ACAAX has a high expense ratio of 1.15%, indicating higher-than-average management fees.


Expense ratio chart for ACAAX: current value at 1.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.15%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Alger Capital Appreciation Fund

Popular comparisons: ACAAX vs. VOO, ACAAX vs. VWIAX

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Alger Capital Appreciation Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%10.00%20.00%30.00%2024FebruaryMarchAprilMayJune
30.99%
15.13%
ACAAX (Alger Capital Appreciation Fund)
Benchmark (^GSPC)

S&P 500

Returns By Period

Alger Capital Appreciation Fund had a return of 28.61% year-to-date (YTD) and 44.26% in the last 12 months. Over the past 10 years, Alger Capital Appreciation Fund had an annualized return of 11.92%, outperforming the S&P 500 benchmark which had an annualized return of 10.88%.


PeriodReturnBenchmark
Year-To-Date28.61%13.92%
1 month8.33%3.57%
6 months31.00%15.13%
1 year44.26%24.27%
5 years (annualized)16.93%13.51%
10 years (annualized)11.92%10.88%

Monthly Returns

The table below presents the monthly returns of ACAAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20245.03%8.48%2.47%-4.44%8.80%28.61%
20239.02%-1.94%6.22%1.21%5.51%6.70%3.06%-0.99%-5.99%-1.02%12.07%3.87%42.99%
2022-11.12%-3.16%1.52%-14.48%-3.46%-8.68%12.32%-4.27%-9.88%3.95%3.32%-7.96%-36.90%
2021-1.09%1.93%0.18%6.40%-1.24%5.58%2.30%3.28%-5.79%7.43%-0.81%-0.57%18.17%
20203.34%-6.03%-8.64%14.73%6.75%4.68%7.77%9.93%-4.08%-3.04%9.75%3.09%41.78%
20198.99%3.60%2.30%4.98%-6.36%7.07%1.24%-1.37%-0.90%2.88%4.50%2.94%33.15%
20188.39%-2.32%-3.03%1.46%4.55%0.71%2.14%4.49%0.69%-9.84%1.91%-8.55%-0.95%
20175.38%3.64%1.69%2.69%3.19%-0.97%3.25%2.53%-0.12%4.65%1.62%0.20%31.31%
2016-7.14%-2.08%6.44%-1.18%2.75%-1.72%5.03%-0.44%1.38%-2.67%0.15%-0.30%-0.50%
2015-1.32%6.66%0.14%-0.88%3.40%-1.13%2.46%-7.08%-3.40%8.23%1.10%-8.65%-1.80%
2014-2.05%5.40%-2.35%-1.13%3.44%3.19%-0.81%4.65%-1.55%1.36%3.37%-14.14%-2.19%
20134.96%0.68%3.40%0.44%3.00%-2.43%5.91%-1.02%4.76%4.59%3.07%-3.85%25.54%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current risk-adjusted rank of ACAAX is 83, placing it in the top 17% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of ACAAX is 8383
ACAAX (Alger Capital Appreciation Fund)
The Sharpe Ratio Rank of ACAAX is 8484Sharpe Ratio Rank
The Sortino Ratio Rank of ACAAX is 8181Sortino Ratio Rank
The Omega Ratio Rank of ACAAX is 8787Omega Ratio Rank
The Calmar Ratio Rank of ACAAX is 7171Calmar Ratio Rank
The Martin Ratio Rank of ACAAX is 8989Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Alger Capital Appreciation Fund (ACAAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


ACAAX
Sharpe ratio
The chart of Sharpe ratio for ACAAX, currently valued at 2.18, compared to the broader market-1.000.001.002.003.004.002.18
Sortino ratio
The chart of Sortino ratio for ACAAX, currently valued at 2.96, compared to the broader market0.005.0010.002.96
Omega ratio
The chart of Omega ratio for ACAAX, currently valued at 1.42, compared to the broader market1.002.003.004.001.42
Calmar ratio
The chart of Calmar ratio for ACAAX, currently valued at 1.20, compared to the broader market0.005.0010.0015.001.20
Martin ratio
The chart of Martin ratio for ACAAX, currently valued at 11.29, compared to the broader market0.0020.0040.0060.0080.0011.29
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.15, compared to the broader market-1.000.001.002.003.004.002.15
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.06, compared to the broader market0.005.0010.003.06
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.38, compared to the broader market1.002.003.004.001.38
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.72, compared to the broader market0.005.0010.0015.001.72
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 8.07, compared to the broader market0.0020.0040.0060.0080.008.07

Sharpe Ratio

The current Alger Capital Appreciation Fund Sharpe ratio is 2.18. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Alger Capital Appreciation Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.502.002.503.002024FebruaryMarchAprilMayJune
2.18
2.15
ACAAX (Alger Capital Appreciation Fund)
Benchmark (^GSPC)

Dividends

Dividend History

Alger Capital Appreciation Fund granted a 5.59% dividend yield in the last twelve months. The annual payout for that period amounted to $1.82 per share.


PeriodTTM2023202220212020201920182017
Dividend$1.82$1.82$0.84$7.41$5.15$2.20$2.54$1.67

Dividend yield

5.59%7.19%4.42%23.67%15.64%8.17%11.59%6.76%

Monthly Dividends

The table displays the monthly dividend distributions for Alger Capital Appreciation Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.82$1.82
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.84$0.84
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$7.41$7.41
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$5.15$5.15
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$2.20$2.20
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$2.54$2.54
2017$1.67$1.67

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%2024FebruaryMarchAprilMayJune
-3.83%
0
ACAAX (Alger Capital Appreciation Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Alger Capital Appreciation Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Alger Capital Appreciation Fund was 78.16%, occurring on Feb 13, 2003. Recovery took 3698 trading sessions.

The current Alger Capital Appreciation Fund drawdown is 3.83%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-78.16%Jan 4, 19991039Feb 13, 20033698Oct 27, 20174737
-75.42%Jul 6, 199869Oct 8, 199856Dec 25, 1998125
-71.03%Sep 2, 199782Dec 24, 199777Apr 10, 1998159
-67.8%Apr 13, 199838Jun 3, 199822Jul 3, 199860
-66.72%Jul 7, 19971Jul 7, 199740Sep 1, 199741

Volatility

Volatility Chart

The current Alger Capital Appreciation Fund volatility is 4.16%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%2024FebruaryMarchAprilMayJune
4.16%
2.49%
ACAAX (Alger Capital Appreciation Fund)
Benchmark (^GSPC)