ACAYX vs. FXAIX
Compare and contrast key facts about Alger Capital Appreciation Institutional Fund Class Y (ACAYX) and Fidelity 500 Index Fund (FXAIX).
ACAYX is managed by Alger. It was launched on Feb 28, 2017. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
ACAYX vs. FXAIX - Performance Comparison
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ACAYX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACAYX Alger Capital Appreciation Institutional Fund Class Y | -14.30% | 32.26% | 70.32% | 43.39% | -36.58% | 18.80% | 42.01% | 33.67% | -0.38% | 18.92% |
FXAIX Fidelity 500 Index Fund | -7.05% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 13.42% |
Returns By Period
In the year-to-date period, ACAYX achieves a -14.30% return, which is significantly lower than FXAIX's -7.05% return.
ACAYX
- 1D
- -1.58%
- 1M
- -9.45%
- YTD
- -14.30%
- 6M
- -14.87%
- 1Y
- 28.77%
- 3Y*
- 34.56%
- 5Y*
- 15.57%
- 10Y*
- —
FXAIX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.05%
- 6M
- -4.59%
- 1Y
- 14.42%
- 3Y*
- 17.17%
- 5Y*
- 11.40%
- 10Y*
- 13.75%
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ACAYX vs. FXAIX - Expense Ratio Comparison
ACAYX has a 0.83% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
ACAYX vs. FXAIX — Risk / Return Rank
ACAYX
FXAIX
ACAYX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Institutional Fund Class Y (ACAYX) and Fidelity 500 Index Fund (FXAIX). 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.
| ACAYX | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.84 | +0.19 |
Sortino ratioReturn per unit of downside risk | 1.57 | 1.30 | +0.27 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.20 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 1.05 | +0.29 |
Martin ratioReturn relative to average drawdown | 4.54 | 5.13 | -0.59 |
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
| ACAYX | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.84 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.68 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.75 | -0.03 |
Correlation
The correlation between ACAYX and FXAIX is 0.89, 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.
Dividends
ACAYX vs. FXAIX - Dividend Comparison
ACAYX's dividend yield for the trailing twelve months is around 7.75%, more than FXAIX's 1.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACAYX Alger Capital Appreciation Institutional Fund Class Y | 7.75% | 6.64% | 24.81% | 7.76% | 3.77% | 18.85% | 16.28% | 10.19% | 12.28% | 6.73% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
ACAYX vs. FXAIX - Drawdown Comparison
The maximum ACAYX drawdown since its inception was -46.37%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for ACAYX and FXAIX.
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Drawdown Indicators
| ACAYX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.37% | -33.79% | -12.58% |
Max Drawdown (1Y)Largest decline over 1 year | -18.50% | -12.13% | -6.37% |
Max Drawdown (5Y)Largest decline over 5 years | -46.37% | -24.50% | -21.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.79% | — |
Current DrawdownCurrent decline from peak | -18.50% | -8.89% | -9.61% |
Average DrawdownAverage peak-to-trough decline | -10.88% | -3.83% | -7.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.49% | 2.50% | +2.99% |
Volatility
ACAYX vs. FXAIX - Volatility Comparison
Alger Capital Appreciation Institutional Fund Class Y (ACAYX) has a higher volatility of 7.53% compared to Fidelity 500 Index Fund (FXAIX) at 4.24%. This indicates that ACAYX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACAYX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 4.24% | +3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 16.50% | 9.08% | +7.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.58% | 18.13% | +9.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.14% | 16.88% | +11.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.88% | 18.03% | +7.85% |