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Alger Capital Appreciation Fund (ACAAX)

Mutual Fund · Currency in USD · Last updated Apr 1, 2023

The fund invests at least 85% of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any market capitalization that the Manager believes demonstrate promising growth potential. It may invest a significant portion of its assets in securities of companies conducting business within a single sector, including the information technology, healthcare, consumer discretionary, and communication services sectors.

Share Price Chart


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Performance

The chart shows the growth of $10,000 invested in Alger Capital Appreciation Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $68,012 for a total return of roughly 580.12%. All prices are adjusted for splits and dividends.


250.00%300.00%350.00%400.00%450.00%500.00%550.00%600.00%NovemberDecember2023FebruaryMarch
580.12%
342.66%
ACAAX (Alger Capital Appreciation Fund)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

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Alger Capital Appreciation Fund

Return

Alger Capital Appreciation Fund had a return of 13.55% year-to-date (YTD) and -19.58% in the last 12 months. Over the past 10 years, Alger Capital Appreciation Fund had an annualized return of 8.70%, while the S&P 500 had an annualized return of 10.16%, indicating that Alger Capital Appreciation Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month6.22%3.51%
Year-To-Date13.55%7.03%
6 months10.76%12.88%
1 year-19.58%-10.71%
5 years (annualized)9.05%9.25%
10 years (annualized)8.70%10.16%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20239.02%-1.94%
2022-9.88%3.95%3.32%-7.96%

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Alger Capital Appreciation Fund Sharpe ratio is -0.66. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-1.20-1.00-0.80-0.60-0.40-0.20NovemberDecember2023FebruaryMarch
-0.66
-0.46
ACAAX (Alger Capital Appreciation Fund)
Benchmark (^GSPC)

Dividend History

Alger Capital Appreciation Fund granted a 3.89% dividend yield in the last twelve months. The annual payout for that period amounted to $0.84 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$0.84$0.84$7.41$5.15$2.20$2.54$1.67$0.00$0.00$0.00$0.00$0.12

Dividend yield

3.89%4.42%24.65%20.26%12.27%18.85%12.27%0.00%0.00%0.00%0.00%1.39%

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.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.00$0.00
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
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
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
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
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
2017$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.67
2016$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2015$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2014$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2013$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2012$0.12

Drawdowns Chart

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


-50.00%-40.00%-30.00%-20.00%-10.00%NovemberDecember2023FebruaryMarch
-40.62%
-14.33%
ACAAX (Alger Capital Appreciation Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the Alger Capital Appreciation Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the Alger Capital Appreciation Fund is 78.16%, recorded on Feb 13, 2003. It took 3698 trading sessions for the portfolio to recover.


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
-66.42%Dec 28, 19983Dec 30, 19982Jan 1, 19995
-48.73%Dec 16, 2021260Dec 28, 2022
-29.52%Feb 20, 202023Mar 23, 202052Jun 5, 202075
-22.29%Oct 2, 201858Dec 24, 201881Apr 23, 2019139
-10.06%Sep 3, 202014Sep 23, 202046Nov 27, 202060

Volatility Chart

Current Alger Capital Appreciation Fund volatility is 17.35%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


10.00%15.00%20.00%25.00%30.00%35.00%40.00%45.00%NovemberDecember2023FebruaryMarch
17.35%
15.42%
ACAAX (Alger Capital Appreciation Fund)
Benchmark (^GSPC)