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:
1.19
SPY:
1.98
ACAAX:
1.52
SPY:
2.64
ACAAX:
1.24
SPY:
1.36
ACAAX:
0.85
SPY:
3.03
ACAAX:
5.16
SPY:
12.63
ACAAX:
5.78%
SPY:
2.02%
ACAAX:
25.17%
SPY:
12.89%
ACAAX:
-71.48%
SPY:
-55.19%
ACAAX:
-14.69%
SPY:
-0.86%
Returns By Period
In the year-to-date period, ACAAX achieves a 3.87% return, which is significantly higher than SPY's 3.15% return. Over the past 10 years, ACAAX has underperformed SPY with an annualized return of 5.61%, while SPY has yielded a comparatively higher 13.73% annualized return.
ACAAX
3.87%
1.69%
14.72%
28.35%
4.29%
5.61%
SPY
3.15%
1.60%
12.25%
24.63%
14.82%
13.73%
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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 has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.17%.
| 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% |
SPY SPDR S&P 500 ETF | 1.17% | 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 9.46% compared to SPDR S&P 500 ETF (SPY) at 4.20%. 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.