ACAAX vs. ALGRX
Compare and contrast key facts about Alger Capital Appreciation Fund (ACAAX) and Alger Focus Equity Fund (ALGRX).
ACAAX is managed by Alger. It was launched on Dec 31, 1996. ALGRX is managed by Alger. It was launched on Nov 8, 1993.
Performance
ACAAX vs. ALGRX - Performance Comparison
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ACAAX vs. ALGRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACAAX Alger Capital Appreciation Fund | -10.45% | 30.80% | 49.55% | 42.99% | -36.90% | 18.17% | 41.78% | 33.14% | -0.95% | 31.31% |
ALGRX Alger Focus Equity Fund | -9.38% | 39.68% | 51.77% | 44.20% | -35.94% | 20.06% | 45.82% | 33.93% | 1.39% | 28.68% |
Returns By Period
In the year-to-date period, ACAAX achieves a -10.45% return, which is significantly lower than ALGRX's -9.38% return. Over the past 10 years, ACAAX has underperformed ALGRX with an annualized return of 16.77%, while ALGRX has yielded a comparatively higher 18.86% annualized return.
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%
ALGRX
- 1D
- 4.94%
- 1M
- -4.35%
- YTD
- -9.38%
- 6M
- -10.38%
- 1Y
- 40.77%
- 3Y*
- 34.16%
- 5Y*
- 15.31%
- 10Y*
- 18.86%
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ACAAX vs. ALGRX - Expense Ratio Comparison
ACAAX has a 1.15% expense ratio, which is higher than ALGRX's 0.89% expense ratio.
Return for Risk
ACAAX vs. ALGRX — Risk / Return Rank
ACAAX
ALGRX
ACAAX vs. ALGRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Fund (ACAAX) and Alger Focus Equity Fund (ALGRX). 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 | ALGRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 1.56 | -0.36 |
Sortino ratioReturn per unit of downside risk | 1.80 | 2.20 | -0.40 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.70 | 2.39 | -0.69 |
Martin ratioReturn relative to average drawdown | 5.55 | 8.08 | -2.54 |
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 | ALGRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 1.56 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.59 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.79 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.43 | +0.05 |
Correlation
The correlation between ACAAX and ALGRX is 0.97, 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. ALGRX - Dividend Comparison
ACAAX's dividend yield for the trailing twelve months is around 10.94%, more than ALGRX's 8.65% 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% |
ALGRX Alger Focus Equity Fund | 8.65% | 7.84% | 0.00% | 0.10% | 0.06% | 13.98% | 6.25% | 2.08% | 5.38% | 0.00% | 0.00% | 0.00% |
Drawdowns
ACAAX vs. ALGRX - Drawdown Comparison
The maximum ACAAX drawdown since its inception was -70.29%, which is greater than ALGRX's maximum drawdown of -62.64%. Use the drawdown chart below to compare losses from any high point for ACAAX and ALGRX.
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Drawdown Indicators
| ACAAX | ALGRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.29% | -62.64% | -7.65% |
Max Drawdown (1Y)Largest decline over 1 year | -19.11% | -17.55% | -1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -48.73% | -43.57% | -5.16% |
Max Drawdown (10Y)Largest decline over 10 years | -48.73% | -43.57% | -5.16% |
Current DrawdownCurrent decline from peak | -15.15% | -13.48% | -1.67% |
Average DrawdownAverage peak-to-trough decline | -23.08% | -18.89% | -4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.87% | 5.20% | +0.67% |
Volatility
ACAAX vs. ALGRX - Volatility Comparison
Alger Capital Appreciation Fund (ACAAX) and Alger Focus Equity Fund (ALGRX) have volatilities of 9.10% and 9.21%, 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
| ACAAX | ALGRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.10% | 9.21% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 16.95% | 17.06% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.83% | 27.51% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.87% | 26.14% | +2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.31% | 23.89% | +1.42% |