ACAYX vs. OLGAX
Compare and contrast key facts about Alger Capital Appreciation Institutional Fund Class Y (ACAYX) and JPMorgan Large Cap Growth Fund Class A (OLGAX).
ACAYX is managed by Alger. It was launched on Feb 28, 2017. OLGAX is managed by JPMorgan. It was launched on Feb 28, 1992.
Performance
ACAYX vs. OLGAX - Performance Comparison
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ACAYX vs. OLGAX - 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% |
OLGAX JPMorgan Large Cap Growth Fund Class A | -11.67% | 13.79% | 34.85% | 34.28% | -25.58% | 17.87% | 55.60% | 38.81% | 0.23% | 24.51% |
Returns By Period
In the year-to-date period, ACAYX achieves a -14.30% return, which is significantly lower than OLGAX's -11.67% return.
ACAYX
- 1D
- -1.58%
- 1M
- -9.45%
- YTD
- -14.30%
- 6M
- -14.87%
- 1Y
- 28.77%
- 3Y*
- 34.56%
- 5Y*
- 15.57%
- 10Y*
- —
OLGAX
- 1D
- -0.66%
- 1M
- -8.22%
- YTD
- -11.67%
- 6M
- -13.40%
- 1Y
- 9.06%
- 3Y*
- 18.61%
- 5Y*
- 9.75%
- 10Y*
- 17.27%
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ACAYX vs. OLGAX - Expense Ratio Comparison
ACAYX has a 0.83% expense ratio, which is lower than OLGAX's 1.01% expense ratio.
Return for Risk
ACAYX vs. OLGAX — Risk / Return Rank
ACAYX
OLGAX
ACAYX vs. OLGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Institutional Fund Class Y (ACAYX) and JPMorgan Large Cap Growth Fund Class A (OLGAX). 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 | OLGAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.44 | +0.58 |
Sortino ratioReturn per unit of downside risk | 1.57 | 0.78 | +0.79 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.11 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 0.38 | +0.96 |
Martin ratioReturn relative to average drawdown | 4.54 | 1.18 | +3.36 |
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 | OLGAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.44 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.49 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.47 | +0.25 |
Correlation
The correlation between ACAYX and OLGAX is 0.96, 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. OLGAX - Dividend Comparison
ACAYX's dividend yield for the trailing twelve months is around 7.75%, less than OLGAX's 13.38% 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% |
OLGAX JPMorgan Large Cap Growth Fund Class A | 13.38% | 11.82% | 2.06% | 0.00% | 3.20% | 15.30% | 5.32% | 13.03% | 16.18% | 14.92% | 9.94% | 4.51% |
Drawdowns
ACAYX vs. OLGAX - Drawdown Comparison
The maximum ACAYX drawdown since its inception was -46.37%, smaller than the maximum OLGAX drawdown of -63.25%. Use the drawdown chart below to compare losses from any high point for ACAYX and OLGAX.
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Drawdown Indicators
| ACAYX | OLGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.37% | -63.25% | +16.88% |
Max Drawdown (1Y)Largest decline over 1 year | -18.50% | -16.92% | -1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -46.37% | -31.34% | -15.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.87% | — |
Current DrawdownCurrent decline from peak | -18.50% | -16.92% | -1.58% |
Average DrawdownAverage peak-to-trough decline | -10.88% | -18.78% | +7.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.49% | 5.51% | -0.02% |
Volatility
ACAYX vs. OLGAX - Volatility Comparison
Alger Capital Appreciation Institutional Fund Class Y (ACAYX) has a higher volatility of 7.53% compared to JPMorgan Large Cap Growth Fund Class A (OLGAX) at 5.22%. This indicates that ACAYX's price experiences larger fluctuations and is considered to be riskier than OLGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACAYX | OLGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 5.22% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 16.50% | 12.06% | +4.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.58% | 20.90% | +6.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.14% | 20.21% | +7.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.88% | 21.52% | +4.36% |