Alger Capital Appreciation Portfolio (ALVOX)

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The chart shows the growth of an initial investment of $10,000 in Alger Capital Appreciation Portfolio, 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 Portfolio (ALVOX) has returned -14.35% so far this year and 28.57% over the past 12 months. Looking at the last ten years, ALVOX has achieved an annualized return of 16.53%, outperforming the S&P 500 Index benchmark, which averaged 12.16% per year.

Based on dividend-adjusted daily data since Jan 26, 1995, ALVOX's average daily return is +0.06%, while the average monthly return is +1.25%. At this rate, your investment would double in approximately 4.6 years.

Historically, 62% of months were positive and 38% were negative. The best month was Dec 1999 with a return of +18.7%, while the worst month was Aug 1998 at -17.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.

On a daily basis, ALVOX closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +12.4%, while the worst single day was Mar 16, 2020 at -12.6%.

Alger Capital Appreciation Portfolio has an annualized alpha of 5.03%, beta of 1.06, and R² of 0.75 versus S&P 500 Index. Calculated based on daily prices since January 27, 1995.

• This fund captured 131.44% of S&P 500 Index gains and 107.28% of its losses — amplifying both gains and losses, but participating more in upside than downside.
• This fund generated an annualized alpha of 5.03% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
• With beta of 1.06 and R² of 0.75, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

ALVOX has an expense ratio of 0.91%, placing it in the medium range.

ALVOX 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 Portfolio (ALVOX) and compare them to a chosen benchmark (S&P 500 Index).

Alger Capital Appreciation Portfolio provided a 21.93% dividend yield over the last twelve months, with an annual payout of $24.20 per share.

The table displays the monthly dividend distributions for Alger Capital Appreciation Portfolio. 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 Portfolio. 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 Portfolio was 67.54%, occurring on Feb 13, 2003. Recovery took 2414 trading sessions.

The current Alger Capital Appreciation Portfolio drawdown is 18.86%.

The chart below shows the rolling one-month volatility.