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AASOX vs. VOO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between AASOX and VOO is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.8

Performance

AASOX vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger Small Cap Growth Portfolio (AASOX) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

0.00%100.00%200.00%300.00%400.00%500.00%600.00%JulyAugustSeptemberOctoberNovemberDecember
-25.06%
620.70%
AASOX
VOO

Key characteristics

Sharpe Ratio

AASOX:

1.40

VOO:

2.92

Sortino Ratio

AASOX:

2.00

VOO:

3.86

Omega Ratio

AASOX:

1.24

VOO:

1.54

Calmar Ratio

AASOX:

0.39

VOO:

4.22

Martin Ratio

AASOX:

6.33

VOO:

19.12

Ulcer Index

AASOX:

4.41%

VOO:

1.86%

Daily Std Dev

AASOX:

19.90%

VOO:

12.18%

Max Drawdown

AASOX:

-74.15%

VOO:

-33.99%

Current Drawdown

AASOX:

-62.87%

VOO:

0.00%

Returns By Period

In the year-to-date period, AASOX achieves a 18.03% return, which is significantly lower than VOO's 29.20% return. Over the past 10 years, AASOX has underperformed VOO with an annualized return of -4.77%, while VOO has yielded a comparatively higher 13.63% annualized return.


AASOX

YTD

18.03%

1M

1.77%

6M

14.97%

1Y

27.02%

5Y (annualized)

-8.09%

10Y (annualized)

-4.77%

VOO

YTD

29.20%

1M

1.61%

6M

14.62%

1Y

33.99%

5Y (annualized)

16.05%

10Y (annualized)

13.63%

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AASOX vs. VOO - Expense Ratio Comparison

AASOX has a 0.95% expense ratio, which is higher than VOO's 0.03% expense ratio.


AASOX
Alger Small Cap Growth Portfolio
Expense ratio chart for AASOX: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for VOO: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Risk-Adjusted Performance

AASOX vs. VOO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger Small Cap Growth Portfolio (AASOX) and Vanguard S&P 500 ETF (VOO). 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.


Sharpe ratio
The chart of Sharpe ratio for AASOX, currently valued at 1.40, compared to the broader market-1.000.001.002.003.004.005.001.402.92
The chart of Sortino ratio for AASOX, currently valued at 2.00, compared to the broader market-2.000.002.004.006.008.0010.0012.002.003.86
The chart of Omega ratio for AASOX, currently valued at 1.24, compared to the broader market1.002.003.004.001.241.54
The chart of Calmar ratio for AASOX, currently valued at 0.39, compared to the broader market0.005.0010.0015.000.394.22
The chart of Martin ratio for AASOX, currently valued at 6.33, compared to the broader market0.0020.0040.0060.0080.006.3319.12
AASOX
VOO

The current AASOX Sharpe Ratio is 1.40, which is lower than the VOO Sharpe Ratio of 2.92. The chart below compares the historical Sharpe Ratios of AASOX and VOO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
1.40
2.92
AASOX
VOO

Dividends

AASOX vs. VOO - Dividend Comparison

AASOX has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.21%.


TTM20232022202120202019201820172016201520142013
AASOX
Alger Small Cap Growth Portfolio
0.00%0.00%0.00%0.00%0.89%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VOO
Vanguard S&P 500 ETF
1.21%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%1.85%1.84%

Drawdowns

AASOX vs. VOO - Drawdown Comparison

The maximum AASOX drawdown since its inception was -74.15%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for AASOX and VOO. For additional features, visit the drawdowns tool.


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-62.87%
0
AASOX
VOO

Volatility

AASOX vs. VOO - Volatility Comparison

Alger Small Cap Growth Portfolio (AASOX) has a higher volatility of 5.83% compared to Vanguard S&P 500 ETF (VOO) at 2.20%. This indicates that AASOX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
5.83%
2.20%
AASOX
VOO
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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