ACAYX vs. FTQGX
Compare and contrast key facts about Alger Capital Appreciation Institutional Fund Class Y (ACAYX) and Fidelity Focused Stock Fund (FTQGX).
ACAYX is managed by Alger. It was launched on Feb 28, 2017. FTQGX is managed by Fidelity. It was launched on Nov 12, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACAYX or FTQGX.
Key characteristics
| ACAYX | FTQGX | |
|---|---|---|
| YTD Return | 39.32% | 36.15% |
| 1Y Return | 53.69% | 46.44% |
| 3Y Return (Ann) | 6.57% | 1.32% |
| 5Y Return (Ann) | 17.97% | 10.38% |
| Sharpe Ratio | 2.81 | 2.48 |
| Sortino Ratio | 3.54 | 3.26 |
| Omega Ratio | 1.49 | 1.44 |
| Calmar Ratio | 1.89 | 1.61 |
| Martin Ratio | 14.92 | 13.66 |
| Ulcer Index | 3.65% | 3.48% |
| Daily Std Dev | 19.43% | 19.13% |
| Max Drawdown | -46.37% | -61.00% |
| Current Drawdown | -1.01% | -2.16% |
Correlation
The correlation between ACAYX and FTQGX is 0.94, 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
ACAYX vs. FTQGX - Performance Comparison
In the year-to-date period, ACAYX achieves a 39.32% return, which is significantly higher than FTQGX's 36.15% 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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ACAYX vs. FTQGX - Expense Ratio Comparison
ACAYX has a 0.83% expense ratio, which is lower than FTQGX's 0.86% expense ratio.
Risk-Adjusted Performance
ACAYX vs. FTQGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Institutional Fund Class Y (ACAYX) and Fidelity Focused Stock Fund (FTQGX). 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
ACAYX vs. FTQGX - Dividend Comparison
ACAYX's dividend yield for the trailing twelve months is around 5.57%, more than FTQGX's 0.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACAYX Alger Capital Appreciation Institutional Fund Class Y | 5.57% | 7.76% | 3.77% | 18.85% | 16.28% | 10.19% | 12.28% | 6.73% | 0.00% | 0.00% | 0.00% | 0.00% |
FTQGX Fidelity Focused Stock Fund | 0.45% | 0.61% | 0.85% | 0.00% | 0.02% | 0.08% | 0.13% | 0.45% | 0.56% | 6.16% | 10.44% | 5.74% |
Drawdowns
ACAYX vs. FTQGX - Drawdown Comparison
The maximum ACAYX drawdown since its inception was -46.37%, smaller than the maximum FTQGX drawdown of -61.00%. Use the drawdown chart below to compare losses from any high point for ACAYX and FTQGX. For additional features, visit the drawdowns tool.
Volatility
ACAYX vs. FTQGX - Volatility Comparison
Alger Capital Appreciation Institutional Fund Class Y (ACAYX) has a higher volatility of 5.14% compared to Fidelity Focused Stock Fund (FTQGX) at 3.91%. This indicates that ACAYX's price experiences larger fluctuations and is considered to be riskier than FTQGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.