ACAAX vs. ALSCX
ACAAX (Alger Capital Appreciation Fund) and ALSCX (Alger Small Cap Growth Fund) are both mutual funds - ACAAX is a Large Cap Growth Equities fund managed by Alger, while ALSCX is a Small Cap Growth Equities fund managed by Alger. Over the past 10 years, ACAAX returned 19.69%/yr vs 11.19%/yr for ALSCX. Their correlation of 0.87 suggests significant overlap in exposure. ACAAX charges 1.15%/yr vs 1.96%/yr for ALSCX.
Performance
ACAAX vs. ALSCX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ACAAX achieves a 10.67% return, which is significantly lower than ALSCX's 16.05% return. Over the past 10 years, ACAAX has outperformed ALSCX with an annualized return of 19.69%, while ALSCX has yielded a comparatively lower 11.19% annualized return.
ACAAX
- 1D
- -2.32%
- 1M
- 0.43%
- YTD
- 10.67%
- 6M
- 8.45%
- 1Y
- 31.64%
- 3Y*
- 34.56%
- 5Y*
- 15.67%
- 10Y*
- 19.69%
ALSCX
- 1D
- -2.11%
- 1M
- 8.35%
- YTD
- 16.05%
- 6M
- 12.50%
- 1Y
- 31.45%
- 3Y*
- 14.41%
- 5Y*
- -2.43%
- 10Y*
- 11.19%
ACAAX vs. ALSCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACAAX Alger Capital Appreciation Fund | 10.67% | 30.80% | 49.55% | 42.99% | -36.90% | 18.17% | 41.78% | 33.14% | -0.95% | 31.31% |
ALSCX Alger Small Cap Growth Fund | 16.05% | 7.80% | 9.47% | 16.25% | -37.61% | -3.35% | 63.82% | 28.12% | 1.20% | 25.24% |
Correlation
The correlation between ACAAX and ALSCX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997 | 0.87 |
The correlation between ACAAX and ALSCX shifts across timeframes, from 0.70 (3 years) to 0.87 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ACAAX vs. ALSCX — Risk / Return Rank
ACAAX
ALSCX
ACAAX vs. ALSCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Fund (ACAAX) and Alger Small Cap Growth Fund (ALSCX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ACAAX | ALSCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.23 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.79 | +0.01 |
| Martin ratioReturn relative to average drawdown | 5.68 | 6.07 | -0.39 |
Loading charts...
Drawdowns
ACAAX vs. ALSCX - Drawdown Comparison
The maximum ACAAX drawdown since its inception was -70.29%, smaller than the maximum ALSCX drawdown of -76.39%. Use the drawdown chart below to compare losses from any high point for ACAAX and ALSCX.
Loading charts...
Drawdown Indicators
| ACAAX | ALSCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.29% | -76.39% | +6.10% |
Max Drawdown (1Y)Largest decline over 1 year | -19.11% | -19.23% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -27.79% | -34.29% | +6.50% |
Max Drawdown (5Y)Largest decline over 5 years | -48.73% | -50.13% | +1.40% |
Max Drawdown (10Y)Largest decline over 10 years | -48.73% | -53.16% | +4.43% |
Current DrawdownCurrent decline from peak | -4.59% | -18.35% | +13.76% |
Average DrawdownAverage peak-to-trough decline | -22.93% | -35.25% | +12.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.03% | 5.66% | +0.37% |
Volatility
ACAAX vs. ALSCX - Volatility Comparison
Alger Capital Appreciation Fund (ACAAX) and Alger Small Cap Growth Fund (ALSCX) have volatilities of 9.51% and 9.41%, 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.
Loading charts...
Volatility by Period
| ACAAX | ALSCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.51% | 9.41% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 17.56% | 20.26% | -2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.61% | 25.10% | -2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.15% | 28.17% | +0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.52% | 25.81% | -0.29% |
ACAAX vs. ALSCX - Expense Ratio Comparison
ACAAX has a 1.15% expense ratio, which is lower than ALSCX's 1.96% expense ratio.
Dividends
ACAAX vs. ALSCX - Dividend Comparison
ACAAX's dividend yield for the trailing twelve months is around 8.85%, while ALSCX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACAAX Alger Capital Appreciation Fund | 8.85% | 9.80% | 12.93% | 7.19% | 4.42% | 23.67% | 15.64% | 8.17% | 11.59% | 6.76% | 0.84% | 8.28% |
ALSCX Alger Small Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 15.11% | 0.67% | 8.26% | 17.08% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ACAAX and ALSCX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACAAX has higher volatility (9.51%) compared to ALSCX (9.41%). In terms of maximum drawdown, ACAAX dropped -70.29% vs ALSCX's -76.39%.
ACAAX currently has the higher Sharpe Ratio (1.52 vs 1.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for ACAAX and ALSCX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer