- ISIN
- US0155447032
- Issuer
- Alger
- Inception Date
- Jan 25, 1995
- Category
- Large Cap Growth Equities
- Min. Investment
- $500,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
ALVOX Performance Chart
Alger Capital Appreciation Portfolio (ALVOX) is up 14.7% since the beginning of the year. ALVOX is currently trading at $148 per share. Investors who bought $1,000 worth of ALVOX shares 5 years ago would now be looking at an investment worth $2,231.
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Returns By Period
Alger Capital Appreciation Portfolio (ALVOX) has returned 14.65% so far this year and 41.31% over the past 12 months. Looking at the last ten years, ALVOX has achieved an annualized return of 20.04%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Alger Capital Appreciation Portfolio
- 1D
- 2.12%
- 1M
- 4.36%
- YTD
- 14.65%
- 6M
- 13.42%
- 1Y
- 41.31%
- 3Y*
- 35.96%
- 5Y*
- 17.41%
- 10Y*
- 20.04%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ALVOX Monthly Returns History
Based on dividend-adjusted daily data since Jan 26, 1995, ALVOX's average daily return is +0.07%, while the average monthly return is +1.32%. At this rate, an investment would double in approximately 4.4 years.
Historically, 63% of months were positive and 37% 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 55% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.68% | -3.77% | -5.04% | 15.67% | 9.83% | 0.46% | 14.65% | ||||||
| 2025 | 3.55% | -5.19% | -10.26% | 2.66% | 15.14% | 9.14% | 5.38% | 1.86% | 9.35% | 3.21% | -3.05% | -0.94% | 32.25% |
| 2024 | 5.06% | 8.20% | 2.43% | -4.25% | 8.12% | 6.26% | -3.49% | 3.25% | 4.86% | 1.05% | 9.83% | -0.27% | 48.13% |
| 2023 | 9.06% | -1.76% | 6.22% | 1.30% | 5.38% | 6.51% | 3.07% | -0.89% | -5.99% | -0.96% | 11.85% | 3.99% | 43.13% |
| 2022 | -11.08% | -2.86% | 1.64% | -14.62% | -3.49% | -8.76% | 12.21% | -4.15% | -9.80% | 3.87% | 3.44% | -7.99% | -36.69% |
| 2021 | -0.86% | 2.13% | 0.55% | 6.30% | -1.23% | 5.70% | 2.38% | 3.25% | -5.60% | 7.53% | -0.64% | -0.57% | 19.79% |
Benchmark Metrics
Alger Capital Appreciation Portfolio has an annualized alpha of 5.36%, beta of 1.07, and R2 of 0.75 versus S&P 500 Index. Calculated based on daily prices since January 26, 1995.
- This fund captured 132.37% of S&P 500 Index gains and 106.83% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 5.36% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.07 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.
- Alpha
- 5.36%
- Beta
- 1.07
- R²
- 0.75
- Upside Capture
- 132.37%
- Downside Capture
- 106.83%
Expense Ratio
ALVOX has an expense ratio of 0.91%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ALVOX ranks 38 for risk / return — below 38% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Alger Capital Appreciation Portfolio (ALVOX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ALVOX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 2.78 | -0.64 |
| Martin ratioReturn relative to average drawdown | 6.88 | 12.44 | -5.56 |
Dividends
Dividend History
Alger Capital Appreciation Portfolio provided a 16.38% dividend yield over the last twelve months, with an annual payout of $24.20 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $24.20 | $24.20 | $0.00 | $0.00 | $5.38 | $24.62 | $14.63 | $9.87 | $14.70 | $5.34 | $0.00 | $8.43 |
Dividend yield | 16.38% | 18.78% | 0.00% | 0.00% | 9.84% | 26.10% | 14.64% | 12.19% | 21.59% | 6.47% | 0.00% | 12.50% |
Monthly Dividends
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.
| 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 | $24.20 | $24.20 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $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 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.38 | $5.38 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $24.62 | $24.62 |
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 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 0.75%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2003 bear market2003 | -67.54%Feb 2003 | 2y 10mo | 9y 7mo | 12y 5moMar 2000 - Sep 2012 |
Bear market2022 | -41.01%Dec 2022 | 1y 1mo | 1y 2mo | 2y 3moNov 2021 - Mar 2024 |
COVID crash2020 | -29.62%Mar 2020 | 1mo 2d | 2mo 14d | 3mo 16dFeb 2020 - Jun 2020 |
2025 selloff2025 | -27.46%Apr 2025 | 1mo 19d | 2mo 9d | 3mo 28dFeb 2025 - Jun 2025 |
1998 bear market1998 | -24.35%Oct 1998 | 2mo 19d | 1mo 16d | 4mo 5dJul 1998 - Nov 1998 |
Drawdown Indicators
| ALVOX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.54% | -56.78% | -10.76% |
Max Drawdown (1Y)Largest decline over 1 year | -18.86% | -9.10% | -9.76% |
Max Drawdown (3Y)Largest decline over 3 years | -27.46% | -18.90% | -8.56% |
Max Drawdown (5Y)Largest decline over 5 years | -41.01% | -25.43% | -15.58% |
Max Drawdown (10Y)Largest decline over 10 years | -41.01% | -33.92% | -7.09% |
Current DrawdownCurrent decline from peak | -0.75% | -1.80% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -18.77% | -10.71% | -8.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.86% | 2.03% | +3.83% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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