ACAAX vs. ACIHX

Last updated Apr 2, 2026

Compare and contrast key facts about Alger Capital Appreciation Fund (ACAAX) and American Century Growth Fund G Class (ACIHX).

ACAAX is managed by Alger. It was launched on Dec 31, 1996. ACIHX is an actively managed fund by American Century. It was launched on Mar 1, 2022.

Performance

ACAAX vs. ACIHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger Capital Appreciation Fund (ACAAX) and American Century Growth Fund G Class (ACIHX). The values are adjusted to include any dividend payments, if applicable.

ACAAX vs. ACIHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ACAAX Alger Capital Appreciation Fund	-10.45%	30.80%	49.55%	42.99%	-8.65%
ACIHX American Century Growth Fund G Class	-10.03%	16.26%	27.35%	44.64%	-6.24%

Returns By Period

The year-to-date returns for both investments are quite close, with ACAAX having a -10.45% return and ACIHX slightly higher at -10.03%.

ACAAX

• 1D: 4.89%
• 1M: -4.89%
• YTD: -10.45%
• 6M: -11.89%
• 1Y: 31.36%
• 3Y*: 30.17%
• 5Y*: 12.60%
• 10Y*: 16.77%

ACIHX

• 1D: 3.77%
• 1M: -5.57%
• YTD: -10.03%
• 6M: -9.48%
• 1Y: 16.46%
• 3Y*: 18.66%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ACAAX vs. ACIHX - Expense Ratio Comparison

ACAAX has a 1.15% expense ratio, which is higher than ACIHX's 0.01% expense ratio.

ACAAX

Alger Capital Appreciation Fund

ACIHX

American Century Growth Fund G Class

Return for Risk

ACAAX vs. ACIHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ACAAX

ACAAX Risk / Return Rank: 64
ACAAX Sharpe Ratio Rank: 65
ACAAX Sortino Ratio Rank: 70
ACAAX Omega Ratio Rank: 60
ACAAX Calmar Ratio Rank: 70
ACAAX Martin Ratio Rank: 55

ACIHX

ACIHX Risk / Return Rank: 32
ACIHX Sharpe Ratio Rank: 29
ACIHX Sortino Ratio Rank: 34
ACIHX Omega Ratio Rank: 32
ACIHX Calmar Ratio Rank: 34
ACIHX Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACAAX vs. ACIHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Fund (ACAAX) and American Century Growth Fund G Class (ACIHX). 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.

	ACAAX	ACIHX	Difference
Sharpe ratio Return per unit of total volatility	1.20	0.78	+0.43
Sortino ratio Return per unit of downside risk	1.80	1.28	+0.52
Omega ratio Gain probability vs. loss probability	1.24	1.18	+0.07
Calmar ratio Return relative to maximum drawdown	1.70	1.07	+0.64
Martin ratio Return relative to average drawdown	5.55	3.68	+1.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ACAAX vs. ACIHX - Sharpe Ratio Comparison

The current ACAAX Sharpe Ratio is 1.20, which is higher than the ACIHX Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of ACAAX and ACIHX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ACAAX	ACIHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.20	0.78	+0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.78	-0.30

Correlation

The correlation between ACAAX and ACIHX is 0.95, 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.

Dividends

ACAAX vs. ACIHX - Dividend Comparison

ACAAX's dividend yield for the trailing twelve months is around 10.94%, less than ACIHX's 17.73% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACAAX Alger Capital Appreciation Fund	10.94%	9.80%	12.93%	7.19%	4.42%	23.67%	15.64%	8.17%	11.59%	6.76%	0.84%	8.28%
ACIHX American Century Growth Fund G Class	17.73%	15.95%	5.65%	4.61%	2.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

ACAAX vs. ACIHX - Drawdown Comparison

The maximum ACAAX drawdown since its inception was -70.29%, which is greater than ACIHX's maximum drawdown of -24.00%. Use the drawdown chart below to compare losses from any high point for ACAAX and ACIHX.

Drawdown Indicators

	ACAAX	ACIHX	Difference
Max Drawdown Largest peak-to-trough decline	-70.29%	-24.00%	-46.29%
Max Drawdown (1Y) Largest decline over 1 year	-19.11%	-16.40%	-2.71%
Max Drawdown (5Y) Largest decline over 5 years	-48.73%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-48.73%	—	—
Current Drawdown Current decline from peak	-15.15%	-13.25%	-1.90%
Average Drawdown Average peak-to-trough decline	-23.08%	-4.95%	-18.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.87%	4.75%	+1.12%

Volatility

ACAAX vs. ACIHX - Volatility Comparison

Alger Capital Appreciation Fund (ACAAX) has a higher volatility of 9.10% compared to American Century Growth Fund G Class (ACIHX) at 6.80%. This indicates that ACAAX's price experiences larger fluctuations and is considered to be riskier than ACIHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACAAX	ACIHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.10%	6.80%	+2.30%
Volatility (6M) Calculated over the trailing 6-month period	16.95%	12.60%	+4.35%
Volatility (1Y) Calculated over the trailing 1-year period	27.83%	22.68%	+5.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.87%	21.28%	+7.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.31%	21.28%	+4.03%