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.
Correlation
The correlation between ACAAX and VOO is 0.91, 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. VOO - Performance Comparison
Key characteristics
ACAAX:
2.73
VOO:
2.22
ACAAX:
3.41
VOO:
2.95
ACAAX:
1.47
VOO:
1.42
ACAAX:
1.40
VOO:
3.27
ACAAX:
15.09
VOO:
14.57
ACAAX:
3.71%
VOO:
1.90%
ACAAX:
20.46%
VOO:
12.47%
ACAAX:
-71.48%
VOO:
-33.99%
ACAAX:
-3.96%
VOO:
-1.77%
Returns By Period
In the year-to-date period, ACAAX achieves a 55.51% return, which is significantly higher than VOO's 26.92% return. Over the past 10 years, ACAAX has underperformed VOO with an annualized return of 6.59%, while VOO has yielded a comparatively higher 13.12% annualized return.
ACAAX
55.51%
4.74%
20.14%
55.94%
7.74%
6.59%
VOO
26.92%
0.27%
10.43%
27.36%
14.95%
13.12%
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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 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.
Dividends
ACAAX vs. VOO - Dividend Comparison
ACAAX's dividend yield for the trailing twelve months is around 12.43%, more than VOO's 1.23% 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% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
ACAAX vs. VOO - Drawdown Comparison
The maximum ACAAX drawdown since its inception was -71.48%, 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. For additional features, visit the drawdowns tool.
Volatility
ACAAX vs. VOO - Volatility Comparison
Alger Capital Appreciation Fund (ACAAX) has a higher volatility of 6.49% compared to Vanguard S&P 500 ETF (VOO) at 3.77%. 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.