Correlation
The correlation between ACAAX and VOO is 0.92, 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.
ACAAX vs. VOO
Compare and contrast key facts about Alger Capital Appreciation Fund (ACAAX) and Vanguard S&P 500 ETF (VOO).
ACAAX is managed by Alger. It was launched on Dec 31, 1996. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACAAX or VOO.
Performance
ACAAX vs. VOO - Performance Comparison
Loading data...
Key characteristics
ACAAX:
0.92
VOO:
0.74
ACAAX:
1.29
VOO:
1.04
ACAAX:
1.18
VOO:
1.15
ACAAX:
0.91
VOO:
0.68
ACAAX:
2.82
VOO:
2.58
ACAAX:
9.00%
VOO:
4.93%
ACAAX:
30.62%
VOO:
19.54%
ACAAX:
-70.29%
VOO:
-33.99%
ACAAX:
-4.36%
VOO:
-3.55%
Returns By Period
In the year-to-date period, ACAAX achieves a 3.72% return, which is significantly higher than VOO's 0.90% return. Over the past 10 years, ACAAX has outperformed VOO with an annualized return of 14.89%, while VOO has yielded a comparatively lower 12.81% annualized return.
ACAAX
3.72%
15.35%
3.72%
27.80%
24.72%
16.63%
14.89%
VOO
0.90%
6.28%
-1.46%
14.27%
14.31%
15.89%
12.81%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ACAAX vs. VOO - Expense Ratio Comparison
ACAAX has a 1.15% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
ACAAX vs. VOO — Risk-Adjusted Performance Rank
ACAAX
VOO
ACAAX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Fund (ACAAX) and Vanguard S&P 500 ETF (VOO). 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.
Loading data...
Dividends
ACAAX vs. VOO - Dividend Comparison
ACAAX's dividend yield for the trailing twelve months is around 12.47%, more than VOO's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACAAX Alger Capital Appreciation Fund | 12.47% | 12.93% | 7.19% | 4.42% | 23.67% | 15.64% | 8.17% | 11.59% | 6.76% | 0.84% | 8.28% | 15.73% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
ACAAX vs. VOO - Drawdown Comparison
The maximum ACAAX drawdown since its inception was -70.29%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ACAAX and VOO.
Loading data...
Volatility
ACAAX vs. VOO - Volatility Comparison
Alger Capital Appreciation Fund (ACAAX) has a higher volatility of 6.92% compared to Vanguard S&P 500 ETF (VOO) at 4.84%. This indicates that ACAAX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...