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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACAAX or VWIAX.
Key characteristics
| ACAAX | VWIAX | |
|---|---|---|
| YTD Return | 38.43% | 8.55% |
| 1Y Return | 58.35% | 19.51% |
| 3Y Return (Ann) | 7.57% | 2.47% |
| 5Y Return (Ann) | 18.24% | 5.06% |
| 10Y Return (Ann) | 12.58% | 5.77% |
| Sharpe Ratio | 2.55 | 2.60 |
| Sortino Ratio | 3.22 | 3.85 |
| Omega Ratio | 1.48 | 1.56 |
| Calmar Ratio | 1.54 | 1.55 |
| Martin Ratio | 14.15 | 19.24 |
| Ulcer Index | 4.07% | 0.97% |
| Daily Std Dev | 22.58% | 7.17% |
| Max Drawdown | -78.16% | -21.64% |
| Current Drawdown | 0.00% | -0.27% |
Correlation
The correlation between ACAAX and VWIAX is 0.62, 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.
Performance
ACAAX vs. VWIAX - Performance Comparison
In the year-to-date period, ACAAX achieves a 38.43% return, which is significantly higher than VWIAX's 8.55% return. Over the past 10 years, ACAAX has outperformed VWIAX with an annualized return of 12.58%, while VWIAX has yielded a comparatively lower 5.77% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
ACAAX vs. VWIAX - Risk-Adjusted Performance 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.
Dividends
ACAAX vs. VWIAX - Dividend Comparison
ACAAX's dividend yield for the trailing twelve months is around 5.19%, more than VWIAX's 4.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACAAX Alger Capital Appreciation Fund | 5.19% | 7.19% | 4.42% | 23.67% | 15.64% | 8.17% | 11.59% | 6.76% | 0.00% | 0.00% | 0.00% | 0.00% |
VWIAX Vanguard Wellesley Income Fund Admiral Shares | 4.85% | 4.80% | 7.75% | 6.11% | 4.37% | 4.00% | 7.64% | 4.06% | 4.07% | 5.66% | 4.99% | 5.87% |
Drawdowns
ACAAX vs. VWIAX - Drawdown Comparison
The maximum ACAAX drawdown since its inception was -78.16%, 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. For additional features, visit the drawdowns tool.
Volatility
ACAAX vs. VWIAX - Volatility Comparison
Alger Capital Appreciation Fund (ACAAX) has a higher volatility of 3.57% compared to Vanguard Wellesley Income Fund Admiral Shares (VWIAX) at 1.11%. 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.