Alger Capital Appreciation Fund Institutional Class Z-2 (ACIZX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

The chart shows the growth of an initial investment of $10,000 in Alger Capital Appreciation Fund Institutional Class Z-2, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Alger Capital Appreciation Fund Institutional Class Z-2 (ACIZX) has returned -14.30% so far this year and 28.75% over the past 12 months.

Based on dividend-adjusted daily data since Jan 3, 2017, ACIZX's average daily return is +0.08%, while the average monthly return is +1.65%. At this rate, your investment would double in approximately 3.5 years.

Historically, 65% of months were positive and 35% were negative. The best month was May 2025 with a return of +15.3%, 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%.

Alger Capital Appreciation Fund Institutional Class Z-2 has an annualized alpha of 5.84%, beta of 1.19, and R² of 0.73 versus S&P 500 Index. Calculated based on daily prices since January 04, 2017.

• This fund captured 128.64% of S&P 500 Index gains but only 98.72% of its losses — a favorable profile for investors.
• This fund generated an annualized alpha of 5.84% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.

ACIZX has an expense ratio of 0.88%, placing it in the medium range.

ACIZX ranks 52 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.

The table below present risk-adjusted performance metrics for Alger Capital Appreciation Fund Institutional Class Z-2 (ACIZX) and compare them to a chosen benchmark (S&P 500 Index).

Alger Capital Appreciation Fund Institutional Class Z-2 provided a 7.80% dividend yield over the last twelve months, with an annual payout of $3.81 per share.

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.

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 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 18.52%.

The chart below shows the rolling one-month volatility.