ACAAX vs. ALVOX
Compare and contrast key facts about Alger Capital Appreciation Fund (ACAAX) and Alger Capital Appreciation Portfolio (ALVOX).
ACAAX is managed by Alger. It was launched on Dec 31, 1996. ALVOX is managed by Alger. It was launched on Jan 25, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACAAX or ALVOX.
Correlation
The correlation between ACAAX and ALVOX is 1.00, 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
ACAAX vs. ALVOX - Performance Comparison
Key characteristics
ACAAX:
1.13
ALVOX:
1.99
ACAAX:
1.46
ALVOX:
2.56
ACAAX:
1.23
ALVOX:
1.35
ACAAX:
0.80
ALVOX:
1.24
ACAAX:
4.81
ALVOX:
11.44
ACAAX:
5.88%
ALVOX:
3.76%
ACAAX:
25.14%
ALVOX:
21.68%
ACAAX:
-71.48%
ALVOX:
-57.47%
ACAAX:
-14.74%
ALVOX:
-4.41%
Returns By Period
The year-to-date returns for both investments are quite close, with ACAAX having a 3.81% return and ALVOX slightly higher at 3.90%. Both investments have delivered pretty close results over the past 10 years, with ACAAX having a 5.52% annualized return and ALVOX not far behind at 5.50%.
ACAAX
3.81%
3.81%
13.06%
31.46%
4.63%
5.52%
ALVOX
3.90%
3.90%
26.74%
46.50%
7.60%
5.50%
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ACAAX vs. ALVOX - Expense Ratio Comparison
ACAAX has a 1.15% expense ratio, which is higher than ALVOX's 0.91% expense ratio.
Risk-Adjusted Performance
ACAAX vs. ALVOX — Risk-Adjusted Performance Rank
ACAAX
ALVOX
ACAAX vs. ALVOX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Fund (ACAAX) and Alger Capital Appreciation Portfolio (ALVOX). 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
ACAAX vs. ALVOX - Dividend Comparison
Neither ACAAX nor ALVOX has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACAAX Alger Capital Appreciation Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ALVOX Alger Capital Appreciation Portfolio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.11% | 0.16% | 0.19% | 0.09% | 0.11% |
Drawdowns
ACAAX vs. ALVOX - Drawdown Comparison
The maximum ACAAX drawdown since its inception was -71.48%, which is greater than ALVOX's maximum drawdown of -57.47%. Use the drawdown chart below to compare losses from any high point for ACAAX and ALVOX. For additional features, visit the drawdowns tool.
Volatility
ACAAX vs. ALVOX - Volatility Comparison
Alger Capital Appreciation Fund (ACAAX) and Alger Capital Appreciation Portfolio (ALVOX) have volatilities of 9.32% and 9.09%, 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.