ACAAX vs. FCPEX
Compare and contrast key facts about Alger Capital Appreciation Fund (ACAAX) and Fidelity Small Cap Enhanced Index Fund (FCPEX).
ACAAX is managed by Alger. It was launched on Dec 31, 1996. FCPEX is managed by Fidelity. It was launched on Dec 20, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACAAX or FCPEX.
Key characteristics
| ACAAX | FCPEX |
|---|
Correlation
The correlation between ACAAX and FCPEX is 0.79, 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. FCPEX - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ACAAX vs. FCPEX - Expense Ratio Comparison
ACAAX has a 1.15% expense ratio, which is higher than FCPEX's 0.55% expense ratio.
Risk-Adjusted Performance
ACAAX vs. FCPEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Fund (ACAAX) and Fidelity Small Cap Enhanced Index Fund (FCPEX). 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. FCPEX - Dividend Comparison
ACAAX's dividend yield for the trailing twelve months is around 5.62%, while FCPEX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACAAX Alger Capital Appreciation Fund | 5.62% | 7.19% | 4.42% | 23.67% | 15.64% | 8.17% | 11.59% | 6.76% | 0.00% | 0.00% | 0.00% | 0.00% |
FCPEX Fidelity Small Cap Enhanced Index Fund | 1.69% | 1.69% | 5.16% | 20.85% | 0.59% | 0.95% | 15.52% | 8.51% | 0.67% | 2.46% | 6.70% | 6.77% |
Drawdowns
ACAAX vs. FCPEX - Drawdown Comparison
Volatility
ACAAX vs. FCPEX - Volatility Comparison
Alger Capital Appreciation Fund (ACAAX) has a higher volatility of 8.57% compared to Fidelity Small Cap Enhanced Index Fund (FCPEX) at 0.00%. This indicates that ACAAX's price experiences larger fluctuations and is considered to be riskier than FCPEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.