AASOX vs. VOO
Compare and contrast key facts about Alger Small Cap Growth Portfolio (AASOX) and Vanguard S&P 500 ETF (VOO).
AASOX is managed by Alger. It was launched on Sep 21, 1988. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AASOX or VOO.
Key characteristics
| AASOX | VOO | |
|---|---|---|
| YTD Return | 0.73% | 6.62% |
| 1Y Return | 13.11% | 25.71% |
| 3Y Return (Ann) | -12.89% | 8.15% |
| 5Y Return (Ann) | 3.24% | 13.32% |
| 10Y Return (Ann) | 1.70% | 12.46% |
| Sharpe Ratio | 0.74 | 2.13 |
| Daily Std Dev | 18.33% | 11.67% |
| Max Drawdown | -60.31% | -33.99% |
| Current Drawdown | -49.98% | -3.56% |
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.
Performance
AASOX vs. VOO - Performance Comparison
In the year-to-date period, AASOX achieves a 0.73% return, which is significantly lower than VOO's 6.62% return. Over the past 10 years, AASOX has underperformed VOO with an annualized return of 1.70%, while VOO has yielded a comparatively higher 12.46% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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.
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 1.38%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AASOX Alger Small Cap Growth Portfolio | 0.00% | 0.00% | 22.43% | 49.73% | 6.88% | 5.59% | 4.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.38% | 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 -60.31%, 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.
Volatility
AASOX vs. VOO - Volatility Comparison
Alger Small Cap Growth Portfolio (AASOX) has a higher volatility of 6.64% compared to Vanguard S&P 500 ETF (VOO) at 4.04%. 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.