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 0.89, 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:
0.25
SPY:
0.56
ACAAX:
0.54
SPY:
0.92
ACAAX:
1.08
SPY:
1.14
ACAAX:
0.23
SPY:
0.59
ACAAX:
0.65
SPY:
2.32
ACAAX:
12.66%
SPY:
4.80%
ACAAX:
32.34%
SPY:
20.01%
ACAAX:
-71.48%
SPY:
-55.19%
ACAAX:
-22.75%
SPY:
-8.17%
Returns By Period
In the year-to-date period, ACAAX achieves a -5.95% return, which is significantly lower than SPY's -3.97% return. Over the past 10 years, ACAAX has underperformed SPY with an annualized return of 3.74%, while SPY has yielded a comparatively higher 12.19% annualized return.
ACAAX
-5.95%
18.35%
-12.12%
6.57%
2.37%
3.74%
SPY
-3.97%
11.26%
-4.45%
9.89%
15.66%
12.19%
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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 Rank
ACAAX
SPY
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 13.75%, more than SPY's 1.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACAAX Alger Capital Appreciation Fund | 13.75% | 12.93% | 7.19% | 4.42% | 23.67% | 15.64% | 8.17% | 11.59% | 6.76% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.28% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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 15.39% compared to SPDR S&P 500 ETF (SPY) at 12.55%. 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.