ACAAX vs. VWIAX
Compare and contrast key facts about Alger Capital Appreciation Fund (ACAAX) and Vanguard Wellesley Income Fund Admiral Shares (VWIAX).
ACAAX is managed by Alger. It was launched on Dec 31, 1996. VWIAX is managed by Vanguard. It was launched on May 14, 2001.
Performance
ACAAX vs. VWIAX - Performance Comparison
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ACAAX vs. VWIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACAAX Alger Capital Appreciation Fund | -10.45% | 30.80% | 49.55% | 42.99% | -36.90% | 18.17% | 41.78% | 33.14% | -0.95% | 31.31% |
VWIAX Vanguard Wellesley Income Fund Admiral Shares | 0.28% | 11.08% | 5.92% | 7.07% | -9.04% | 8.55% | 8.52% | 16.47% | -2.49% | 9.37% |
Returns By Period
In the year-to-date period, ACAAX achieves a -10.45% return, which is significantly lower than VWIAX's 0.28% return. Over the past 10 years, ACAAX has outperformed VWIAX with an annualized return of 16.77%, while VWIAX has yielded a comparatively lower 5.75% annualized return.
ACAAX
- 1D
- 4.89%
- 1M
- -4.89%
- YTD
- -10.45%
- 6M
- -11.89%
- 1Y
- 31.36%
- 3Y*
- 30.17%
- 5Y*
- 12.60%
- 10Y*
- 16.77%
VWIAX
- 1D
- 0.72%
- 1M
- -2.79%
- YTD
- 0.28%
- 6M
- 1.95%
- 1Y
- 8.21%
- 3Y*
- 7.63%
- 5Y*
- 4.20%
- 10Y*
- 5.75%
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ACAAX vs. VWIAX - Expense Ratio Comparison
ACAAX has a 1.15% expense ratio, which is higher than VWIAX's 0.16% expense ratio.
Return for Risk
ACAAX vs. VWIAX — Risk / Return Rank
ACAAX
VWIAX
ACAAX vs. VWIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Fund (ACAAX) and Vanguard Wellesley Income Fund Admiral Shares (VWIAX). 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 | VWIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 1.24 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.80 | 1.75 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.75 | -0.05 |
Martin ratioReturn relative to average drawdown | 5.55 | 6.90 | -1.35 |
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 | VWIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 1.24 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.61 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.84 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.92 | -0.44 |
Correlation
The correlation between ACAAX and VWIAX is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ACAAX vs. VWIAX - Dividend Comparison
ACAAX's dividend yield for the trailing twelve months is around 10.94%, more than VWIAX's 8.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACAAX Alger Capital Appreciation Fund | 10.94% | 9.80% | 12.93% | 7.19% | 4.42% | 23.67% | 15.64% | 8.17% | 11.59% | 6.76% | 0.84% | 8.28% |
VWIAX Vanguard Wellesley Income Fund Admiral Shares | 8.01% | 7.93% | 6.69% | 4.80% | 7.75% | 6.11% | 4.37% | 4.00% | 7.64% | 3.25% | 4.07% | 5.66% |
Drawdowns
ACAAX vs. VWIAX - Drawdown Comparison
The maximum ACAAX drawdown since its inception was -70.29%, which is greater than VWIAX's maximum drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for ACAAX and VWIAX.
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Drawdown Indicators
| ACAAX | VWIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.29% | -21.64% | -48.65% |
Max Drawdown (1Y)Largest decline over 1 year | -19.11% | -5.00% | -14.11% |
Max Drawdown (5Y)Largest decline over 5 years | -48.73% | -15.26% | -33.47% |
Max Drawdown (10Y)Largest decline over 10 years | -48.73% | -17.41% | -31.32% |
Current DrawdownCurrent decline from peak | -15.15% | -3.11% | -12.04% |
Average DrawdownAverage peak-to-trough decline | -23.08% | -2.23% | -20.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.87% | 1.27% | +4.60% |
Volatility
ACAAX vs. VWIAX - Volatility Comparison
Alger Capital Appreciation Fund (ACAAX) has a higher volatility of 9.10% compared to Vanguard Wellesley Income Fund Admiral Shares (VWIAX) at 2.26%. This indicates that ACAAX's price experiences larger fluctuations and is considered to be riskier than VWIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACAAX | VWIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.10% | 2.26% | +6.84% |
Volatility (6M)Calculated over the trailing 6-month period | 16.95% | 3.75% | +13.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.83% | 6.71% | +21.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.87% | 6.96% | +21.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.31% | 6.90% | +18.41% |