Ariel Appreciation Fund (CAAPX) belongs to the Mid Cap Value Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with CAAPX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CAAPX
CAAPX charges 1.12% annually. There are 79 mutual funds in the Mid Cap Value Equities category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Mid Cap Value Index Fund | 0.05% | — | Jul 2019 | CAAPX vs FIMVX | |
| Vanguard Mid-Cap Value Index Fund Admiral Shares | 0.07% | 36.60B | Sep 2011 | CAAPX vs VMVAX | |
| Vanguard S&P Mid-Cap 400 Value Index Fund Institut... | 0.08% | — | Nov 2010 | CAAPX vs VMFVX | |
| Victory Integrity Small/Mid-Cap Value Fund | 0.09% | — | Jul 2011 | CAAPX vs MYISX | |
| Vanguard Mid-Cap Value Index Fund | 0.19% | — | Aug 2006 | CAAPX vs VMVIX |
Best Risk-Adjusted Alternatives to CAAPX
CAAPX has a PortfoliosLab risk / return rank of 40. There are 59 mutual funds in the Mid Cap Value Equities category with higher risk-adjusted ranks, going as high as 90.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Virtus Ceredex Mid-Cap Value Equity Fund | 90 | — | Nov 2001 | CAAPX vs SMVTX | |
| Harbor Mid Cap Value Fund | 88 | — | Mar 2002 | CAAPX vs HAMVX | |
| Columbia Select Mid Cap Value Fund | 85 | — | Nov 2001 | CAAPX vs NAMAX | |
| Delaware Opportunity Fund | 85 | — | Aug 1992 | CAAPX vs FIUSX | |
| Nuveen Multi Cap Value Fund | 83 | — | Nov 1997 | CAAPX vs NQVRX |
Top Performing CAAPX Alternatives (YTD)
CAAPX is at 11.33% YTD. There are 64 mutual funds in the Mid Cap Value Equities category with higher YTD returns, going as high as 23.56%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Advisor Value Strategies Fund Class C | 23.56% | — | Aug 2001 | CAAPX vs FVCSX | |
| Virtus Ceredex Mid-Cap Value Equity Fund | 23.44% | — | Nov 2001 | CAAPX vs SMVTX | |
| Fidelity Value Strategies Fund | 22.74% | — | Dec 1983 | CAAPX vs FSLSX | |
| Fidelity Advisor Value Strategies Fund Class I | 22.71% | — | Jul 1995 | CAAPX vs FASOX | |
| Fidelity Advisor Value Strategies Fund Class A | 22.57% | — | Sep 1996 | CAAPX vs FSOAX |
Lowest Volatility Alternatives to CAAPX
CAAPX has 18.09% 1-year volatility. There are 106 mutual funds in the Mid Cap Value Equities category with lower 1-year volatility, going as low as 11.62%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Mid-Cap Value Index Fund Admiral Shares | 11.62% | 36.60B | Sep 2011 | CAAPX vs VMVAX | |
| Vanguard Mid-Cap Value Index Fund | 11.62% | — | Aug 2006 | CAAPX vs VMVIX | |
| Nuance Mid Cap Value Fund | 11.68% | — | Dec 2013 | CAAPX vs NMAVX | |
| American Century Mid Cap Value Fund | 11.97% | 5.65B | Mar 2004 | CAAPX vs ACMVX | |
| American Century Mid Cap Value Fund A Class | 11.99% | — | Mar 2004 | CAAPX vs ACLAX |
Lowest Drawdown Alternatives to CAAPX
CAAPX has a 1-year max drawdown of -11.70%. There are 105 mutual funds in the Mid Cap Value Equities category with shallower 1-year drawdowns, going as shallow as -6.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM Quant Solutions Mid-Cap Value Fund | -6.31% | — | Aug 1998 | CAAPX vs NCBVX | |
| Glenmede Quantitative U.S. Total Market Equity Por... | -6.51% | — | Dec 2006 | CAAPX vs GTTMX | |
| Delaware Opportunity Fund | -6.75% | — | Aug 1992 | CAAPX vs FIUSX | |
| Harbor Mid Cap Value Fund | -6.84% | — | Mar 2002 | CAAPX vs HAMVX | |
| Vanguard Mid-Cap Value Index Fund Admiral Shares | -6.95% | 36.60B | Sep 2011 | CAAPX vs VMVAX |
Other Mutual Funds from Ariel Investments
The 4 most viewed Ariel Investments mutual funds shown here include ARGFX, AINTX, ARFFX and span 3 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Ariel Fund | Mid Cap Value Equities | 32 | 7.24% | — | Nov 1986 | CAAPX vs ARGFX | |
| Ariel International Fund | Foreign Large Cap Equities | 43 | 17.88% | — | Dec 2011 | CAAPX vs AINTX | |
| Ariel Focus Fund | Mid Cap Value Equities | 75 | 8.10% | — | Jun 2005 | CAAPX vs ARFFX | |
| Ariel Global Fund | Global Equities | 87 | 24.60% | — | Dec 2011 | CAAPX vs AGLOX |
Often Compared With CAAPX
Investors most often compare CAAPX with SPY, NASDX, UMCVX. These 15 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare CAAPX with Any Fund or Stock
Compare CAAPX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CAAPX with funds that move differently
Ariel Appreciation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CAAPX.
Explore CAAPX Diversifiers