ACAAX vs. SWLGX
Compare and contrast key facts about Alger Capital Appreciation Fund (ACAAX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX).
ACAAX is managed by Alger. It was launched on Dec 31, 1996. SWLGX is a passively managed fund by Charles Schwab that tracks the performance of the Russell 1000 Growth Index. It was launched on Dec 20, 2017.
Performance
ACAAX vs. SWLGX - Performance Comparison
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ACAAX vs. SWLGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACAAX Alger Capital Appreciation Fund | -14.62% | 30.80% | 49.55% | 42.99% | -36.90% | 18.17% | 41.78% | 33.14% | -0.95% | -0.48% |
SWLGX Schwab U.S. Large-Cap Growth Index Fund | -13.06% | 18.55% | 33.30% | 42.67% | -29.17% | 27.55% | 38.43% | 36.30% | -1.59% | -0.60% |
Returns By Period
In the year-to-date period, ACAAX achieves a -14.63% return, which is significantly lower than SWLGX's -13.06% return.
ACAAX
- 1D
- -1.50%
- 1M
- -9.37%
- YTD
- -14.63%
- 6M
- -15.64%
- 1Y
- 27.06%
- 3Y*
- 28.12%
- 5Y*
- 12.01%
- 10Y*
- 16.22%
SWLGX
- 1D
- -0.46%
- 1M
- -8.63%
- YTD
- -13.06%
- 6M
- -12.07%
- 1Y
- 14.45%
- 3Y*
- 19.67%
- 5Y*
- 11.90%
- 10Y*
- —
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ACAAX vs. SWLGX - Expense Ratio Comparison
ACAAX has a 1.15% expense ratio, which is higher than SWLGX's 0.04% expense ratio.
Return for Risk
ACAAX vs. SWLGX — Risk / Return Rank
ACAAX
SWLGX
ACAAX vs. SWLGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Fund (ACAAX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX). 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.
| ACAAX | SWLGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 0.66 | +0.31 |
Sortino ratioReturn per unit of downside risk | 1.50 | 1.10 | +0.40 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.15 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 0.72 | +0.50 |
Martin ratioReturn relative to average drawdown | 4.02 | 2.51 | +1.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ACAAX | SWLGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.66 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.56 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.68 | -0.21 |
Correlation
The correlation between ACAAX and SWLGX is 0.96, 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.
Dividends
ACAAX vs. SWLGX - Dividend Comparison
ACAAX's dividend yield for the trailing twelve months is around 11.48%, more than SWLGX's 0.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACAAX Alger Capital Appreciation Fund | 11.48% | 9.80% | 12.93% | 7.19% | 4.42% | 23.67% | 15.64% | 8.17% | 11.59% | 6.76% | 0.84% | 8.28% |
SWLGX Schwab U.S. Large-Cap Growth Index Fund | 0.52% | 0.46% | 0.52% | 0.67% | 0.93% | 1.76% | 0.67% | 0.96% | 1.03% | 0.00% | 0.00% | 0.00% |
Drawdowns
ACAAX vs. SWLGX - Drawdown Comparison
The maximum ACAAX drawdown since its inception was -70.29%, which is greater than SWLGX's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for ACAAX and SWLGX.
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Drawdown Indicators
| ACAAX | SWLGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.29% | -32.69% | -37.60% |
Max Drawdown (1Y)Largest decline over 1 year | -19.11% | -16.16% | -2.95% |
Max Drawdown (5Y)Largest decline over 5 years | -48.73% | -32.69% | -16.04% |
Max Drawdown (10Y)Largest decline over 10 years | -48.73% | — | — |
Current DrawdownCurrent decline from peak | -19.11% | -16.16% | -2.95% |
Average DrawdownAverage peak-to-trough decline | -23.08% | -7.13% | -15.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.79% | 4.62% | +1.17% |
Volatility
ACAAX vs. SWLGX - Volatility Comparison
Alger Capital Appreciation Fund (ACAAX) has a higher volatility of 7.43% compared to Schwab U.S. Large-Cap Growth Index Fund (SWLGX) at 5.38%. This indicates that ACAAX's price experiences larger fluctuations and is considered to be riskier than SWLGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACAAX | SWLGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.43% | 5.38% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 16.28% | 11.82% | +4.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.47% | 22.31% | +5.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.80% | 21.47% | +7.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.27% | 22.78% | +2.49% |