ACAAX vs. ADX
Compare and contrast key facts about Alger Capital Appreciation Fund (ACAAX) and Adams Diversified Equity Fund, Inc. (ADX).
ACAAX is managed by Alger. It was launched on Dec 31, 1996. ADX is managed by Adams Funds. It was launched on Jan 2, 1990.
Performance
ACAAX vs. ADX - Performance Comparison
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ACAAX vs. ADX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACAAX Alger Capital Appreciation Fund | -14.62% | 30.80% | 49.55% | 42.99% | -36.90% | 18.17% | 41.78% | 33.14% | -0.95% | 31.31% |
ADX Adams Diversified Equity Fund, Inc. | -4.23% | 26.03% | 28.31% | 31.49% | -19.82% | 29.69% | 17.28% | 36.75% | -3.58% | 29.61% |
Returns By Period
In the year-to-date period, ACAAX achieves a -14.63% return, which is significantly lower than ADX's -4.23% return. Both investments have delivered pretty close results over the past 10 years, with ACAAX having a 16.22% annualized return and ADX not far ahead at 16.41%.
ACAAX
- 1D
- -1.50%
- 1M
- -9.37%
- YTD
- -14.63%
- 6M
- -15.64%
- 1Y
- 27.06%
- 3Y*
- 28.12%
- 5Y*
- 12.01%
- 10Y*
- 16.22%
ADX
- 1D
- 4.04%
- 1M
- -5.48%
- YTD
- -4.23%
- 6M
- 2.17%
- 1Y
- 25.55%
- 3Y*
- 23.81%
- 5Y*
- 14.65%
- 10Y*
- 16.41%
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ACAAX vs. ADX - Expense Ratio Comparison
ACAAX has a 1.15% expense ratio, which is higher than ADX's 0.59% expense ratio.
Return for Risk
ACAAX vs. ADX — Risk / Return Rank
ACAAX
ADX
ACAAX vs. ADX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Fund (ACAAX) and Adams Diversified Equity Fund, Inc. (ADX). 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 | ADX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 1.38 | -0.41 |
Sortino ratioReturn per unit of downside risk | 1.50 | 2.06 | -0.56 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.29 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 2.33 | -1.12 |
Martin ratioReturn relative to average drawdown | 4.02 | 10.84 | -6.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ACAAX | ADX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.38 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.86 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.92 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.09 | +0.38 |
Correlation
The correlation between ACAAX and ADX is 0.77, 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. ADX - Dividend Comparison
ACAAX's dividend yield for the trailing twelve months is around 11.48%, more than ADX's 8.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACAAX Alger Capital Appreciation Fund | 11.48% | 9.80% | 12.93% | 7.19% | 4.42% | 23.67% | 15.64% | 8.17% | 11.59% | 6.76% | 0.84% | 8.28% |
ADX Adams Diversified Equity Fund, Inc. | 8.45% | 7.93% | 12.38% | 7.34% | 7.36% | 15.35% | 6.54% | 9.00% | 15.85% | 9.18% | 7.79% | 7.17% |
Drawdowns
ACAAX vs. ADX - Drawdown Comparison
The maximum ACAAX drawdown since its inception was -70.29%, roughly equal to the maximum ADX drawdown of -71.60%. Use the drawdown chart below to compare losses from any high point for ACAAX and ADX.
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Drawdown Indicators
| ACAAX | ADX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.29% | -71.60% | +1.31% |
Max Drawdown (1Y)Largest decline over 1 year | -19.11% | -11.12% | -7.99% |
Max Drawdown (5Y)Largest decline over 5 years | -48.73% | -25.07% | -23.66% |
Max Drawdown (10Y)Largest decline over 10 years | -48.73% | -37.17% | -11.56% |
Current DrawdownCurrent decline from peak | -19.11% | -6.53% | -12.58% |
Average DrawdownAverage peak-to-trough decline | -23.08% | -23.22% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.79% | 2.39% | +3.40% |
Volatility
ACAAX vs. ADX - Volatility Comparison
Alger Capital Appreciation Fund (ACAAX) has a higher volatility of 7.43% compared to Adams Diversified Equity Fund, Inc. (ADX) at 6.18%. This indicates that ACAAX's price experiences larger fluctuations and is considered to be riskier than ADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACAAX | ADX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.43% | 6.18% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 16.28% | 10.53% | +5.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.47% | 18.63% | +8.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.80% | 17.20% | +11.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.27% | 17.95% | +7.32% |