ACAAX vs. SPY
Compare and contrast key facts about Alger Capital Appreciation Fund (ACAAX) and SPDR S&P 500 ETF (SPY).
ACAAX is managed by Alger. It was launched on Dec 31, 1996. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACAAX or SPY.
Correlation
The correlation between ACAAX and SPY is 0.88, 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. SPY - Performance Comparison
Key characteristics
ACAAX:
2.73
SPY:
2.21
ACAAX:
3.41
SPY:
2.93
ACAAX:
1.47
SPY:
1.41
ACAAX:
1.40
SPY:
3.26
ACAAX:
15.09
SPY:
14.40
ACAAX:
3.71%
SPY:
1.90%
ACAAX:
20.46%
SPY:
12.44%
ACAAX:
-71.48%
SPY:
-55.19%
ACAAX:
-3.96%
SPY:
-1.83%
Returns By Period
In the year-to-date period, ACAAX achieves a 55.51% return, which is significantly higher than SPY's 26.72% return. Over the past 10 years, ACAAX has underperformed SPY with an annualized return of 6.59%, while SPY has yielded a comparatively higher 13.04% annualized return.
ACAAX
55.51%
4.74%
20.14%
55.94%
7.74%
6.59%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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ACAAX vs. SPY - Expense Ratio Comparison
ACAAX has a 1.15% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ACAAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Fund (ACAAX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
ACAAX's dividend yield for the trailing twelve months is around 12.43%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACAAX Alger Capital Appreciation Fund | 12.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
ACAAX vs. SPY - Drawdown Comparison
The maximum ACAAX drawdown since its inception was -71.48%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ACAAX and SPY. For additional features, visit the drawdowns tool.
Volatility
ACAAX vs. SPY - Volatility Comparison
Alger Capital Appreciation Fund (ACAAX) has a higher volatility of 6.49% compared to SPDR S&P 500 ETF (SPY) at 3.81%. This indicates that ACAAX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.