Alger Capital Appreciation Fund (ACAAX)

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Alger Capital Appreciation Fund (ACAAX) is up 15.4% since the beginning of the year. ACAAX is currently trading at $46 per share. Investors who bought $1,000 worth of ACAAX shares 5 years ago would now be looking at an investment worth $2,219.

Alger Capital Appreciation Fund (ACAAX) has returned 15.37% so far this year and 41.32% over the past 12 months. Looking at the last ten years, ACAAX has achieved an annualized return of 19.85%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.

Based on dividend-adjusted daily data since Jan 2, 1997, ACAAX's average daily return is +0.06%, while the average monthly return is +1.15%. At this rate, an investment would double in approximately 5.1 years.

Historically, 62% of months were positive and 38% were negative. The best month was Dec 1999 with a return of +19.2%, while the worst month was Aug 1998 at -18.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.

On a daily basis, ACAAX closed higher 53% of trading days. The best single day was Dec 15, 2021 with a return of +24.4%, while the worst single day was Dec 16, 2021 at -20.0%.

Alger Capital Appreciation Fund has an annualized alpha of 4.04%, beta of 1.10, and R2 of 0.77 versus S&P 500 Index. Calculated based on daily prices since January 02, 1997.

• This fund captured 129.14% of S&P 500 Index gains and 108.45% of its losses - amplifying both gains and losses, but participating more in upside than downside.
• This fund generated an annualized alpha of 4.04% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
• With beta of 1.10 and R2 of 0.77, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

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

ACAAX ranks 37 for risk / return — below 37% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Alger Capital Appreciation Fund provided a 8.49% dividend yield over the last twelve months, with an annual payout of $3.92 per share.

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.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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 70.29%, occurring on Feb 13, 2003. Recovery took 2575 trading sessions.

The current Alger Capital Appreciation Fund drawdown is 0.54%.

The chart below shows the rolling one-month volatility.