- ISIN
- US0155707328
- Issuer
- Alger
- Inception Date
- Feb 28, 2017
- Category
- Large Cap Growth Equities
- Min. Investment
- $500,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
ACAYX Performance Chart
Alger Capital Appreciation Institutional Fund Class Y (ACAYX) is up 17.1% since the beginning of the year. ACAYX is currently trading at $67 per share. Investors who bought $1,000 worth of ACAYX shares 5 years ago would now be looking at an investment worth $2,718.
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Returns By Period
Alger Capital Appreciation Institutional Fund Class Y (ACAYX) has returned 17.07% so far this year and 45.94% over the past 12 months.
Alger Capital Appreciation Institutional Fund Class Y
- 1D
- -0.36%
- 1M
- 9.76%
- YTD
- 17.07%
- 6M
- 16.59%
- 1Y
- 45.94%
- 3Y*
- 44.79%
- 5Y*
- 22.14%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
ACAYX Monthly Returns History
Based on dividend-adjusted daily data since Mar 1, 2017, ACAYX's average daily return is +0.09%, while the average monthly return is +1.85%. At this rate, an investment would double in approximately 3.2 years.
Historically, 65% of months were positive and 35% were negative. The best month was Apr 2026 with a return of +16.1%, while the worst month was Apr 2022 at -14.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, ACAYX closed higher 56% of trading days. The best single day was Dec 15, 2021 with a return of +19.4%, while the worst single day was Dec 16, 2021 at -16.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.76% | -3.66% | -4.97% | 16.07% | 11.06% | 0.98% | 17.07% | ||||||
| 2025 | 3.59% | -5.21% | -10.34% | 2.43% | 15.26% | 9.27% | 5.65% | 1.46% | 9.37% | 3.33% | -3.28% | -0.60% | 32.26% |
| 2024 | 5.12% | 8.45% | 2.51% | -4.33% | 8.18% | 6.68% | -3.46% | 3.21% | 4.66% | 1.12% | 10.17% | 13.61% | 70.32% |
| 2023 | 9.08% | -1.98% | 6.26% | 1.25% | 5.55% | 6.66% | 3.09% | -0.95% | -6.00% | -0.93% | 12.13% | 3.83% | 43.39% |
| 2022 | -11.10% | -3.13% | 1.67% | -14.54% | -3.37% | -8.71% | 12.39% | -4.23% | -9.82% | 3.83% | 3.37% | -7.77% | -36.58% |
| 2021 | -1.03% | 1.97% | 0.28% | 6.44% | -1.24% | 5.69% | 2.32% | 3.32% | -5.74% | 7.52% | -0.76% | -0.61% | 18.80% |
Benchmark Metrics
Alger Capital Appreciation Institutional Fund Class Y has an annualized alpha of 6.71%, beta of 1.19, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since March 02, 2017.
- This fund captured 131.75% of S&P 500 Index gains but only 97.63% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 6.71% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 6.71%
- Beta
- 1.19
- R²
- 0.73
- Upside Capture
- 131.75%
- Downside Capture
- 97.63%
Expense Ratio
ACAYX has an expense ratio of 0.83%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ACAYX ranks 47 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Alger Capital Appreciation Institutional Fund Class Y (ACAYX) and compare them to S&P 500 Index.
| ACAYX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.24 | 2.24 | 0.00 |
Sortino ratioReturn per unit of downside risk | 2.87 | 3.07 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.41 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.57 | 2.93 | -0.36 |
Martin ratioReturn relative to average drawdown | 8.54 | 13.52 | -4.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Alger Capital Appreciation Institutional Fund Class Y provided a 5.67% dividend yield over the last twelve months, with an annual payout of $3.81 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.81 | $3.81 | $11.48 | $2.68 | $0.98 | $8.00 | $6.94 | $3.57 | $3.55 | $2.19 |
Dividend yield | 5.67% | 6.64% | 24.81% | 7.76% | 3.77% | 18.85% | 16.28% | 10.19% | 12.28% | 6.73% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger Capital Appreciation Institutional Fund Class Y. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.81 | $3.81 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $11.48 | $11.48 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.68 | $2.68 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.98 | $0.98 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $8.00 | $8.00 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Alger Capital Appreciation Institutional Fund Class Y. 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 Institutional Fund Class Y was 46.37%, occurring on Dec 28, 2022. Recovery took 365 trading sessions.
The current Alger Capital Appreciation Institutional Fund Class Y drawdown is 0.36%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -46.37%Dec 2022 | 1y 12d | 1y 5mo | 2y 5moDec 2021 - Jun 2024 |
COVID crash2020 | -29.58%Mar 2020 | 1mo 2d | 2mo 14d | 3mo 16dFeb 2020 - Jun 2020 |
2025 selloff2025 | -27.75%Apr 2025 | 1mo 19d | 2mo 9d | 3mo 28dFeb 2025 - Jun 2025 |
Rate-hike selloffLate 2018 | -22.12%Dec 2018 | 2mo 23d | 4mo | 6mo 23dOct 2018 - Apr 2019 |
2026 correction2026 | -18.50%Mar 2026 | 5mo 1d | 25d | 5mo 26dOct 2025 - Apr 2026 |
Drawdown Indicators
| ACAYX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.37% | -56.78% | +10.41% |
Max Drawdown (1Y)Largest decline over 1 year | -18.50% | -9.10% | -9.40% |
Max Drawdown (3Y)Largest decline over 3 years | -27.75% | -18.90% | -8.85% |
Max Drawdown (5Y)Largest decline over 5 years | -46.37% | -25.43% | -20.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.36% | -0.74% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -10.73% | -10.72% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.56% | 1.97% | +3.59% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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