ACAYX vs. VOO
Compare and contrast key facts about Alger Capital Appreciation Institutional Fund Class Y (ACAYX) and Vanguard S&P 500 ETF (VOO).
ACAYX is managed by Alger. It was launched on Feb 28, 2017. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
ACAYX vs. VOO - Performance Comparison
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ACAYX vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | -4.42% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 13.56% |
Returns By Period
In the year-to-date period, ACAYX achieves a -14.30% return, which is significantly lower than VOO's -4.42% return.
ACAYX
- 1D
- -1.58%
- 1M
- -9.45%
- YTD
- -14.30%
- 6M
- -14.87%
- 1Y
- 28.77%
- 3Y*
- 34.56%
- 5Y*
- 15.57%
- 10Y*
- —
VOO
- 1D
- 2.86%
- 1M
- -5.01%
- YTD
- -4.42%
- 6M
- -1.84%
- 1Y
- 17.67%
- 3Y*
- 18.27%
- 5Y*
- 11.75%
- 10Y*
- 14.05%
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ACAYX vs. VOO - Expense Ratio Comparison
ACAYX has a 0.83% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
ACAYX vs. VOO — Risk / Return Rank
ACAYX
VOO
ACAYX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Institutional Fund Class Y (ACAYX) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.98 | +0.04 |
Sortino ratioReturn per unit of downside risk | 1.57 | 1.50 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 1.53 | -0.19 |
Martin ratioReturn relative to average drawdown | 4.54 | 7.29 | -2.75 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.98 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.70 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.83 | -0.11 |
Correlation
The correlation between ACAYX and VOO 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. VOO - Dividend Comparison
ACAYX's dividend yield for the trailing twelve months is around 7.75%, more than VOO's 1.19% 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% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
ACAYX vs. VOO - Drawdown Comparison
The maximum ACAYX drawdown since its inception was -46.37%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ACAYX and VOO.
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Drawdown Indicators
| ACAYX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.37% | -33.99% | -12.38% |
Max Drawdown (1Y)Largest decline over 1 year | -18.50% | -11.98% | -6.52% |
Max Drawdown (5Y)Largest decline over 5 years | -46.37% | -24.52% | -21.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -18.50% | -6.29% | -12.21% |
Average DrawdownAverage peak-to-trough decline | -10.88% | -3.72% | -7.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.49% | 2.52% | +2.97% |
Volatility
ACAYX vs. VOO - Volatility Comparison
Alger Capital Appreciation Institutional Fund Class Y (ACAYX) has a higher volatility of 7.53% compared to Vanguard S&P 500 ETF (VOO) at 5.29%. This indicates that ACAYX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACAYX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 5.29% | +2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 16.50% | 9.44% | +7.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.58% | 18.10% | +9.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.14% | 16.82% | +11.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.88% | 17.99% | +7.89% |