- Issuer
- Alger
- Inception Date
- Oct 14, 2016
- Category
- Large Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
ACIZX Performance Chart
Alger Capital Appreciation Fund Institutional Class Z-2 (ACIZX) is up 15.9% since the beginning of the year. ACIZX is currently trading at $66 per share. Investors who bought $1,000 worth of ACIZX shares 5 years ago would now be looking at an investment worth $2,655.
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Returns By Period
Alger Capital Appreciation Fund Institutional Class Z-2 (ACIZX) has returned 15.90% so far this year and 43.53% over the past 12 months.
Alger Capital Appreciation Fund Institutional Class Z-2
- 1D
- 0.24%
- 1M
- 5.39%
- YTD
- 15.90%
- 6M
- 14.25%
- 1Y
- 43.53%
- 3Y*
- 44.34%
- 5Y*
- 21.57%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ACIZX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2017, ACIZX's average daily return is +0.09%, while the average monthly return is +1.88%. At this rate, an investment would double in approximately 3.1 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 -14.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, ACIZX closed higher 56% of trading days. The best single day was Dec 15, 2021 with a return of +19.5%, 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 | -1.77% | -3.64% | -4.97% | 16.06% | 11.06% | -0.03% | 15.90% | ||||||
| 2025 | 3.59% | -5.22% | -10.36% | 2.45% | 15.28% | 9.24% | 5.67% | 1.45% | 9.37% | 3.31% | -3.29% | -0.60% | 32.21% |
| 2024 | 5.12% | 8.44% | 2.50% | -4.31% | 8.17% | 6.69% | -3.47% | 3.20% | 4.66% | 1.10% | 10.16% | 13.73% | 70.41% |
| 2023 | 9.09% | -1.95% | 6.25% | 1.26% | 5.51% | 6.66% | 3.11% | -0.96% | -5.99% | -0.93% | 12.12% | 3.85% | 43.41% |
| 2022 | -11.11% | -3.14% | 1.68% | -14.56% | -3.38% | -8.70% | 12.37% | -4.24% | -9.83% | 3.84% | 3.34% | -7.80% | -36.67% |
| 2021 | -1.03% | 1.97% | 0.23% | 6.46% | -1.24% | 5.68% | 2.32% | 3.31% | -5.76% | 7.54% | -0.78% | -0.60% | 18.75% |
Benchmark Metrics
Alger Capital Appreciation Fund Institutional Class Z-2 has an annualized alpha of -0.11%, beta of 1.55, and R2 of 0.75 versus S&P 500 Index. Calculated based on daily prices since January 04, 2017.
- This fund captured 165.84% of S&P 500 Index gains and 143.89% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- Beta of 1.55 means this fund moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -0.11%
- Beta
- 1.55
- R²
- 0.75
- Upside Capture
- 165.84%
- Downside Capture
- 143.89%
Expense Ratio
ACIZX has an expense ratio of 0.88%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ACIZX ranks 42 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 Fund Institutional Class Z-2 (ACIZX) and compare them to S&P 500 Index.
| ACIZX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.34 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | — | — |
| Martin ratioReturn relative to average drawdown | 7.76 | — | — |
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 Fund Institutional Class Z-2 provided a 5.77% 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 | 5.77% | 6.69% | 24.95% | 7.80% | 3.78% | 18.91% | 16.31% | 10.21% | 12.29% | 6.72% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger Capital Appreciation Fund Institutional Class Z-2. 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 Fund Institutional Class Z-2. 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 Institutional Class Z-2 was 46.45%, occurring on Dec 28, 2022. Recovery took 365 trading sessions.
The current Alger Capital Appreciation Fund Institutional Class Z-2 drawdown is 1.34%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -46.45%Dec 2022 | 1y 12d | 1y 5mo | 2y 5moDec 2021 - Jun 2024 |
COVID crash2020 | -29.57%Mar 2020 | 1mo 2d | 2mo 14d | 3mo 16dFeb 2020 - Jun 2020 |
2025 selloff2025 | -27.73%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 | -18.52%Mar 2026 | 5mo 1d | 25d | 5mo 26dOct 2025 - Apr 2026 |
Drawdown Indicators
| ACIZX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.45% | -9.10% | -37.35% |
Max Drawdown (1Y)Largest decline over 1 year | -18.52% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -27.73% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -46.45% | — | — |
Current DrawdownCurrent decline from peak | -1.34% | -2.97% | +1.63% |
Average DrawdownAverage peak-to-trough decline | -10.58% | -1.13% | -9.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.57% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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