AAICX vs. AAIZX
AAICX (Alger AI Enablers & Adopters C) and AAIZX (Alger AI Enablers & Adopters Z) are both Technology Equities funds from Alger. Over the past year, AAICX returned 49.50% vs 51.07% for AAIZX. With a 1.00 correlation, they move nearly in lockstep. AAICX charges 1.66%/yr vs 0.55%/yr for AAIZX.
Performance
AAICX vs. AAIZX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with AAICX having a 21.74% return and AAIZX slightly higher at 22.36%.
AAICX
- 1D
- -0.48%
- 1M
- 0.49%
- YTD
- 21.74%
- 6M
- 19.20%
- 1Y
- 49.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAIZX
- 1D
- -0.47%
- 1M
- 0.62%
- YTD
- 22.36%
- 6M
- 19.86%
- 1Y
- 51.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAICX vs. AAIZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AAICX Alger AI Enablers & Adopters C | 21.74% | 39.54% | 32.77% |
AAIZX Alger AI Enablers & Adopters Z | 22.36% | 41.00% | 33.76% |
Correlation
The correlation between AAICX and AAIZX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2024 | 1.00 |
The correlation between AAICX and AAIZX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
AAICX vs. AAIZX — Risk / Return Rank
AAICX
AAIZX
AAICX vs. AAIZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger AI Enablers & Adopters C (AAICX) and Alger AI Enablers & Adopters Z (AAIZX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AAICX | AAIZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 2.95 | -0.15 |
| Martin ratioReturn relative to average drawdown | 8.29 | 8.78 | -0.49 |
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Drawdowns
AAICX vs. AAIZX - Drawdown Comparison
The maximum AAICX drawdown since its inception was -29.07%, roughly equal to the maximum AAIZX drawdown of -29.00%. Use the drawdown chart below to compare losses from any high point for AAICX and AAIZX.
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Drawdown Indicators
| AAICX | AAIZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.07% | -29.00% | -0.07% |
Max Drawdown (1Y)Largest decline over 1 year | -17.87% | -17.47% | -0.40% |
Current DrawdownCurrent decline from peak | -4.89% | -4.86% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -4.96% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.02% | 5.85% | +0.17% |
Volatility
AAICX vs. AAIZX - Volatility Comparison
Alger AI Enablers & Adopters C (AAICX) and Alger AI Enablers & Adopters Z (AAIZX) have volatilities of 10.54% and 10.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAICX | AAIZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.54% | 10.52% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 18.71% | 18.71% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.16% | 24.16% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.83% | 27.86% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.83% | 27.86% | -0.03% |
AAICX vs. AAIZX - Expense Ratio Comparison
AAICX has a 1.66% expense ratio, which is higher than AAIZX's 0.55% expense ratio.
Dividends
AAICX vs. AAIZX - Dividend Comparison
AAICX's dividend yield for the trailing twelve months is around 5.29%, more than AAIZX's 5.16% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AAICX Alger AI Enablers & Adopters C | 5.29% | 6.44% | 4.48% |
AAIZX Alger AI Enablers & Adopters Z | 5.16% | 6.31% | 4.44% |
Frequently Asked Questions
With a correlation of 1.00, AAICX and AAIZX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
AAICX has higher volatility (10.54%) compared to AAIZX (10.52%). In terms of maximum drawdown, AAICX dropped -29.07% vs AAIZX's -29.00%.
AAIZX currently has the higher Sharpe Ratio (2.14 vs 2.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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