Alger Capital Appreciation Institutional Fund (ALARX)
The investment seeks long-term capital appreciation. The fund normally invests at least 85% of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any market capitalization that the adviser believes demonstrate promising growth potential.
Fund Info
US0155704010
015570401
Nov 8, 1993
$0
Large-Cap
Growth
Expense Ratio
ALARX has a high expense ratio of 1.12%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Alger Capital Appreciation Institutional Fund (ALARX) returned -4.53% year-to-date (YTD) and 7.17% over the past 12 months. Over the past 10 years, ALARX returned 3.99% annually, underperforming the S&P 500 benchmark at 10.46%.
ALARX
-4.53%
12.94%
-13.96%
7.17%
2.99%
3.99%
^GSPC (Benchmark)
-3.77%
7.44%
-5.60%
8.37%
14.12%
10.46%
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.55% | -5.23% | -10.41% | 2.41% | 6.04% | -4.53% | |||||||
| 2024 | 5.10% | 8.42% | 2.46% | -4.34% | 8.14% | 6.65% | -3.49% | 3.16% | 4.62% | 1.13% | 10.13% | -11.14% | 32.76% |
| 2023 | 9.05% | -1.97% | 6.23% | 1.23% | 5.48% | 6.64% | 3.05% | -0.99% | -6.01% | -1.00% | 12.11% | -4.08% | 32.00% |
| 2022 | -11.14% | -3.17% | 1.64% | -14.57% | -3.44% | -8.71% | 12.34% | -4.26% | -9.87% | 3.84% | 3.33% | -11.12% | -39.12% |
| 2021 | -1.05% | 1.94% | 0.21% | 6.42% | -1.25% | 5.63% | 2.28% | 3.30% | -5.78% | 7.50% | -0.80% | -17.18% | -1.34% |
| 2020 | 3.36% | -6.03% | -8.68% | 14.60% | 6.76% | 4.70% | 7.78% | 9.94% | -4.13% | -3.10% | 9.85% | -11.90% | 21.04% |
| 2019 | 9.04% | 3.62% | 2.26% | 5.02% | -6.36% | 7.10% | 1.18% | -1.45% | -0.86% | 2.84% | 4.54% | -6.83% | 20.50% |
| 2018 | 8.48% | -2.22% | -3.05% | 1.44% | 4.52% | 0.65% | 2.22% | 4.45% | 0.66% | -9.75% | 1.88% | -18.54% | -11.66% |
| 2017 | 5.41% | 3.63% | 1.59% | 2.70% | 3.09% | -0.87% | 3.28% | 2.42% | -0.22% | 4.59% | 1.74% | -6.16% | 22.76% |
| 2016 | -7.10% | -1.99% | 6.39% | -1.09% | 2.72% | -1.73% | 5.15% | -0.56% | 1.34% | -2.58% | 0.08% | -0.19% | -0.26% |
| 2015 | -1.49% | 6.58% | 0.11% | -0.85% | 3.40% | -1.07% | 2.52% | -7.06% | -3.34% | 8.12% | 1.16% | -8.09% | -1.30% |
| 2014 | -2.14% | 5.54% | -2.33% | -1.01% | 3.43% | 3.13% | -0.74% | 4.59% | -1.43% | 1.28% | 3.31% | -11.48% | 0.94% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ALARX is 41, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
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. 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 69.38%, occurring on Feb 13, 2003. Recovery took 2629 trading sessions.
The current Alger Capital Appreciation Institutional Fund drawdown is 19.27%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -69.38% | Mar 28, 2000 | 720 | Feb 13, 2003 | 2629 | Aug 1, 2013 | 3349 |
| -52.69% | Nov 22, 2021 | 277 | Dec 28, 2022 | — | — | — |
| -30.69% | Oct 2, 2018 | 58 | Dec 24, 2018 | 364 | Jun 5, 2020 | 422 |
| -26.2% | Jul 6, 1998 | 1 | Jul 6, 1998 | 1 | Jul 7, 1998 | 2 |
| -24.95% | Jul 21, 1998 | 30 | Aug 31, 1998 | 60 | Nov 23, 1998 | 90 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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