- ISIN
- US0155654199
- CUSIP
- 015565419
- Issuer
- Alger
- Inception Date
- Dec 29, 2010
- 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
ACAZX Performance Chart
Alger Capital Appreciation Fund Class Z (ACAZX) is up 15.6% since the beginning of the year. ACAZX is currently trading at $51 per share. Investors who bought $1,000 worth of ACAZX shares 5 years ago would now be looking at an investment worth $2,551.
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Returns By Period
Alger Capital Appreciation Fund Class Z (ACAZX) has returned 15.57% so far this year and 41.90% over the past 12 months. Looking at the last ten years, ACAZX has achieved an annualized return of 21.74%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Alger Capital Appreciation Fund Class Z
- 1D
- 2.19%
- 1M
- 4.72%
- YTD
- 15.57%
- 6M
- 14.28%
- 1Y
- 41.90%
- 3Y*
- 42.29%
- 5Y*
- 20.60%
- 10Y*
- 21.74%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ACAZX Monthly Returns History
Based on dividend-adjusted daily data since Dec 29, 2010, ACAZX's average daily return is +0.07%, while the average monthly return is +1.48%. At this rate, an investment would double in approximately 3.9 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2026 with a return of +15.8%, 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, ACAZX closed higher 55% of trading days. The best single day was Dec 15, 2021 with a return of +22.9%, while the worst single day was Dec 16, 2021 at -19.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.96% | -3.86% | -4.90% | 15.78% | 10.59% | 0.69% | 15.57% | ||||||
| 2025 | 3.56% | -5.27% | -10.33% | 2.35% | 15.35% | 9.21% | 5.63% | 1.36% | 9.33% | 3.03% | -3.49% | -0.51% | 31.33% |
| 2024 | 5.05% | 8.54% | 2.50% | -4.42% | 8.23% | 6.72% | -3.49% | 3.26% | 4.73% | 1.09% | 10.22% | 12.88% | 69.38% |
| 2023 | 9.06% | -1.94% | 6.26% | 1.21% | 5.57% | 6.73% | 3.08% | -0.92% | -5.95% | -1.03% | 12.15% | 3.89% | 43.53% |
| 2022 | -11.08% | -3.14% | 1.57% | -14.45% | -3.45% | -8.65% | 12.33% | -4.21% | -9.85% | 3.94% | 3.38% | -7.90% | -36.63% |
| 2021 | -1.07% | 1.93% | 0.23% | 6.41% | -1.21% | 5.61% | 2.32% | 3.33% | -5.78% | 7.46% | -0.80% | -0.57% | 18.48% |
Benchmark Metrics
Alger Capital Appreciation Fund Class Z has an annualized alpha of 3.93%, beta of 1.15, and R2 of 0.75 versus S&P 500 Index. Calculated based on daily prices since December 29, 2010.
- This fund captured 121.08% of S&P 500 Index gains but only 97.91% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 3.93% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 3.93%
- Beta
- 1.15
- R²
- 0.75
- Upside Capture
- 121.08%
- Downside Capture
- 97.91%
Expense Ratio
ACAZX has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ACAZX ranks 38 for risk / return — below 38% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Alger Capital Appreciation Fund Class Z (ACAZX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ACAZX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 2.78 | -0.63 |
| Martin ratioReturn relative to average drawdown | 6.86 | 12.44 | -5.58 |
Dividends
Dividend History
Alger Capital Appreciation Fund Class Z provided a 7.64% dividend yield over the last twelve months, with an annual payout of $3.92 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.92 | $3.92 | $8.69 | $1.82 | $0.84 | $7.41 | $5.15 | $2.20 | $2.54 | $1.67 | $0.17 | $1.67 |
Dividend yield | 7.64% | 8.83% | 23.61% | 6.65% | 4.13% | 22.24% | 14.91% | 7.87% | 11.23% | 6.60% | 0.82% | 8.15% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger Capital Appreciation Fund Class Z. 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 | $3.92 | $3.92 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $8.69 | $8.69 |
| 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 |
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 Fund Class Z. 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 Class Z was 47.92%, occurring on Jan 5, 2023. Recovery took 374 trading sessions.
The current Alger Capital Appreciation Fund Class Z drawdown is 0.52%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -47.92%Jan 2023 | 1y 20d | 1y 6mo | 2y 6moDec 2021 - Jul 2024 |
COVID crash2020 | -29.51%Mar 2020 | 1mo 2d | 2mo 14d | 3mo 16dFeb 2020 - Jun 2020 |
2025 selloff2025 | -27.72%Apr 2025 | 1mo 19d | 2mo 9d | 3mo 28dFeb 2025 - Jun 2025 |
Rate-hike selloffLate 2018 | -22.22%Dec 2018 | 2mo 23d | 4mo | 6mo 23dOct 2018 - Apr 2019 |
2011 bear market2011 | -21.19%Oct 2011 | 5mo 4d | 4mo 23d | 9mo 27dMay 2011 - Feb 2012 |
Drawdown Indicators
| ACAZX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.92% | -56.78% | +8.86% |
Max Drawdown (1Y)Largest decline over 1 year | -18.97% | -9.10% | -9.87% |
Max Drawdown (3Y)Largest decline over 3 years | -27.72% | -18.90% | -8.82% |
Max Drawdown (5Y)Largest decline over 5 years | -47.92% | -25.43% | -22.49% |
Max Drawdown (10Y)Largest decline over 10 years | -47.92% | -33.92% | -14.00% |
Current DrawdownCurrent decline from peak | -0.52% | -1.80% | +1.28% |
Average DrawdownAverage peak-to-trough decline | -8.33% | -10.71% | +2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.96% | 2.03% | +3.93% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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