PortfoliosLab logo
Tools
Performance Analysis
Risk Analysis
Optimization
Factor Model
See All Tools
Portfolio Analysis
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
Alger Capital Appreciation Institutional Fund (ALA...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISINUS0155704010
CUSIP015570401
IssuerAlger
Inception DateNov 8, 1993
CategoryLarge Cap Growth Equities
Min. Investment$0
Asset ClassEquity

Asset Class Size

Large-Cap

Asset Class Style

Growth

Expense Ratio

ALARX has a high expense ratio of 1.12%, indicating higher-than-average management fees.


Expense ratio chart for ALARX: current value at 1.12% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.12%

Share Price Chart


Loading data...

Compare to other instruments

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


Alger Capital Appreciation Institutional Fund

Performance

Performance Chart

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


500.00%1,000.00%1,500.00%2,000.00%2024FebruaryMarchAprilMayJune
1,900.19%
386.81%
ALARX (Alger Capital Appreciation Institutional Fund)
Benchmark (^GSPC)

S&P 500

Returns By Period

Alger Capital Appreciation Institutional Fund had a return of 29.23% year-to-date (YTD) and 43.32% in the last 12 months. Over the past 10 years, Alger Capital Appreciation Institutional Fund had an annualized return of 14.63%, outperforming the S&P 500 benchmark which had an annualized return of 10.85%.


PeriodReturnBenchmark
Year-To-Date29.23%13.87%
1 month6.76%2.33%
6 months31.09%15.10%
1 year43.32%22.72%
5 years (annualized)16.98%13.49%
10 years (annualized)14.63%10.85%

Monthly Returns

The table below presents the monthly returns of ALARX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20245.10%8.42%2.46%-4.34%8.73%29.23%
20239.05%-1.97%6.23%1.23%5.48%6.64%3.05%-0.99%-6.01%-1.00%12.11%3.78%42.82%
2022-11.14%-3.17%1.64%-14.57%-3.44%-8.71%12.34%-4.26%-9.87%3.84%3.33%-7.85%-36.88%
2021-1.05%1.94%0.21%6.42%-1.25%5.63%2.28%3.30%-5.78%7.50%-0.80%-0.63%18.38%
20203.36%-6.03%-8.68%14.60%6.76%4.70%7.78%9.94%-4.13%-3.10%9.85%3.00%41.50%
20199.04%3.62%2.26%5.02%-6.36%7.10%1.18%-1.45%-0.86%2.84%4.54%2.94%33.13%
20188.48%-2.22%-3.05%1.44%4.52%0.65%2.22%4.45%0.66%-9.75%1.88%-8.55%-0.82%
20175.41%3.63%1.59%2.70%3.09%-0.87%3.28%2.42%-0.21%4.59%1.74%0.22%31.11%
2016-7.10%-1.99%6.39%-1.09%2.72%-1.73%5.15%-0.56%1.34%-2.58%0.08%0.53%0.46%
2015-1.49%6.58%0.11%-0.85%3.40%-1.07%2.52%-7.06%-3.34%8.12%1.16%-0.95%6.36%
2014-2.14%5.54%-2.33%-1.01%3.43%3.13%-0.74%4.59%-1.43%1.28%3.31%-0.36%13.62%
20135.07%0.55%3.35%0.41%2.99%-2.34%5.73%-0.96%4.66%4.68%3.23%3.44%35.08%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current risk-adjusted rank of ALARX is 84, placing it in the top 16% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of ALARX is 8484
ALARX (Alger Capital Appreciation Institutional Fund)
The Sharpe Ratio Rank of ALARX is 8585Sharpe Ratio Rank
The Sortino Ratio Rank of ALARX is 8181Sortino Ratio Rank
The Omega Ratio Rank of ALARX is 8787Omega Ratio Rank
The Calmar Ratio Rank of ALARX is 7676Calmar Ratio Rank
The Martin Ratio Rank of ALARX is 8989Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Alger Capital Appreciation Institutional Fund (ALARX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


ALARX
Sharpe ratio
The chart of Sharpe ratio for ALARX, currently valued at 2.11, compared to the broader market-1.000.001.002.003.004.002.11
Sortino ratio
The chart of Sortino ratio for ALARX, currently valued at 2.87, compared to the broader market0.005.0010.002.87
Omega ratio
The chart of Omega ratio for ALARX, currently valued at 1.42, compared to the broader market1.002.003.004.001.42
Calmar ratio
The chart of Calmar ratio for ALARX, currently valued at 1.27, compared to the broader market0.005.0010.0015.001.27
Martin ratio
The chart of Martin ratio for ALARX, currently valued at 10.97, compared to the broader market0.0020.0040.0060.0080.0010.97
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.14, compared to the broader market-1.000.001.002.003.004.002.14
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.04, compared to the broader market0.005.0010.003.04
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.38, compared to the broader market1.002.003.004.001.38
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.71, compared to the broader market0.005.0010.0015.001.71
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 8.02, compared to the broader market0.0020.0040.0060.0080.008.02

Sharpe Ratio

The current Alger Capital Appreciation Institutional Fund Sharpe ratio is 2.11. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Alger Capital Appreciation Institutional Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.502.002.503.002024FebruaryMarchAprilMayJune
2.11
2.14
ALARX (Alger Capital Appreciation Institutional Fund)
Benchmark (^GSPC)

Dividends

Dividend History

Alger Capital Appreciation Institutional Fund granted a 6.26% dividend yield in the last twelve months. The annual payout for that period amounted to $2.68 per share.


PeriodTTM20232022202120202019201820172016201520142013
Dividend$2.68$2.68$0.98$8.00$6.94$3.57$3.55$2.19$0.19$2.04$3.30$3.41

Dividend yield

6.26%8.09%3.90%19.40%16.62%10.34%12.39%6.75%0.74%7.71%12.31%12.84%

Monthly Dividends

The table displays the monthly dividend distributions for Alger Capital Appreciation Institutional Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00
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
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$6.94$6.94
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$3.57$3.57
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$3.55$3.55
2017$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$2.19$2.19
2016$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.19$0.19
2015$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$2.04$2.04
2014$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$3.30$3.30
2013$3.41$3.41

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%2024FebruaryMarchAprilMayJune0
-0.04%
ALARX (Alger Capital Appreciation Institutional Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Alger Capital Appreciation Institutional 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 Institutional Fund was 69.26%, occurring on Feb 13, 2003. Recovery took 2551 trading sessions.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-69.26%Mar 28, 2000720Feb 13, 20032551Apr 11, 20133271
-46.86%Dec 16, 2021260Dec 28, 2022367Jun 14, 2024627
-29.59%Feb 20, 202023Mar 23, 202052Jun 5, 202075
-26.2%Jul 6, 19981Jul 6, 19981Jul 7, 19982
-24.95%Jul 21, 199830Aug 31, 199860Nov 23, 199890

Volatility

Volatility Chart

The current Alger Capital Appreciation Institutional Fund volatility is 3.82%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%2024FebruaryMarchAprilMayJune
3.82%
2.26%
ALARX (Alger Capital Appreciation Institutional Fund)
Benchmark (^GSPC)