ACAYX vs. TVRIX
Compare and contrast key facts about Alger Capital Appreciation Institutional Fund Class Y (ACAYX) and Guggenheim Directional Allocation Fund (TVRIX).
ACAYX is managed by Alger. It was launched on Feb 28, 2017. TVRIX is managed by Guggenheim. It was launched on Jun 18, 2012.
Performance
ACAYX vs. TVRIX - Performance Comparison
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ACAYX vs. TVRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACAYX Alger Capital Appreciation Institutional Fund Class Y | -10.06% | 32.26% | 70.32% | 43.39% | -36.58% | 18.80% | 42.01% | 33.67% | -0.38% | 18.92% |
TVRIX Guggenheim Directional Allocation Fund | -4.87% | 13.83% | 7.87% | 11.00% | -17.53% | 27.30% | 5.08% | 30.45% | -7.53% | 13.84% |
Returns By Period
In the year-to-date period, ACAYX achieves a -10.06% return, which is significantly lower than TVRIX's -4.87% return.
ACAYX
- 1D
- 4.94%
- 1M
- -4.87%
- YTD
- -10.06%
- 6M
- -11.16%
- 1Y
- 33.24%
- 3Y*
- 36.74%
- 5Y*
- 16.18%
- 10Y*
- —
TVRIX
- 1D
- 2.44%
- 1M
- -4.44%
- YTD
- -4.87%
- 6M
- -2.48%
- 1Y
- 11.69%
- 3Y*
- 8.78%
- 5Y*
- 4.76%
- 10Y*
- 8.72%
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ACAYX vs. TVRIX - Expense Ratio Comparison
ACAYX has a 0.83% expense ratio, which is lower than TVRIX's 1.09% expense ratio.
Return for Risk
ACAYX vs. TVRIX — Risk / Return Rank
ACAYX
TVRIX
ACAYX vs. TVRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Institutional Fund Class Y (ACAYX) and Guggenheim Directional Allocation Fund (TVRIX). 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 | TVRIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 0.97 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.87 | 1.43 | +0.44 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.20 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.86 | 1.48 | +0.38 |
Martin ratioReturn relative to average drawdown | 6.18 | 6.06 | +0.12 |
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 | TVRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.97 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.33 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.55 | +0.20 |
Correlation
The correlation between ACAYX and TVRIX is 0.80, 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. TVRIX - Dividend Comparison
ACAYX's dividend yield for the trailing twelve months is around 7.39%, less than TVRIX's 10.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACAYX Alger Capital Appreciation Institutional Fund Class Y | 7.39% | 6.64% | 24.81% | 7.76% | 3.77% | 18.85% | 16.28% | 10.19% | 12.28% | 6.73% |
TVRIX Guggenheim Directional Allocation Fund | 10.13% | 9.64% | 0.00% | 2.03% | 0.71% | 14.34% | 0.30% | 16.62% | 14.33% | 0.00% |
Drawdowns
ACAYX vs. TVRIX - Drawdown Comparison
The maximum ACAYX drawdown since its inception was -46.37%, which is greater than TVRIX's maximum drawdown of -39.36%. Use the drawdown chart below to compare losses from any high point for ACAYX and TVRIX.
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Drawdown Indicators
| ACAYX | TVRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.37% | -39.36% | -7.01% |
Max Drawdown (1Y)Largest decline over 1 year | -18.50% | -8.45% | -10.05% |
Max Drawdown (5Y)Largest decline over 5 years | -46.37% | -24.87% | -21.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.36% | — |
Current DrawdownCurrent decline from peak | -14.47% | -9.20% | -5.27% |
Average DrawdownAverage peak-to-trough decline | -10.88% | -6.10% | -4.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.56% | 2.06% | +3.50% |
Volatility
ACAYX vs. TVRIX - Volatility Comparison
Alger Capital Appreciation Institutional Fund Class Y (ACAYX) has a higher volatility of 9.21% compared to Guggenheim Directional Allocation Fund (TVRIX) at 4.44%. This indicates that ACAYX's price experiences larger fluctuations and is considered to be riskier than TVRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACAYX | TVRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.21% | 4.44% | +4.77% |
Volatility (6M)Calculated over the trailing 6-month period | 17.18% | 7.84% | +9.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.95% | 12.61% | +15.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.22% | 14.46% | +13.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.93% | 17.80% | +8.13% |