Correlation
The correlation between ACAYX and VOO is 0.90, 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.
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACAYX or VOO.
Performance
ACAYX vs. VOO - Performance Comparison
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Key characteristics
ACAYX:
0.79
VOO:
0.55
ACAYX:
1.30
VOO:
0.96
ACAYX:
1.18
VOO:
1.14
ACAYX:
0.92
VOO:
0.62
ACAYX:
2.84
VOO:
2.35
ACAYX:
8.97%
VOO:
4.96%
ACAYX:
30.54%
VOO:
19.59%
ACAYX:
-46.37%
VOO:
-33.99%
ACAYX:
-0.78%
VOO:
-2.20%
Returns By Period
In the year-to-date period, ACAYX achieves a 7.84% return, which is significantly higher than VOO's 2.31% return.
ACAYX
7.84%
4.59%
3.81%
24.10%
31.70%
16.99%
N/A
VOO
2.31%
0.57%
-0.44%
10.69%
19.39%
15.65%
12.96%
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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.
Risk-Adjusted Performance
ACAYX vs. VOO — Risk-Adjusted Performance Rank
ACAYX
VOO
ACAYX vs. VOO - Risk-Adjusted Performance 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.
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Dividends
ACAYX vs. VOO - Dividend Comparison
ACAYX's dividend yield for the trailing twelve months is around 11.50%, more than VOO's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACAYX Alger Capital Appreciation Institutional Fund Class Y | 11.50% | 12.40% | 7.76% | 3.76% | 18.85% | 16.28% | 10.19% | 12.28% | 6.73% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.27% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
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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Volatility
ACAYX vs. VOO - Volatility Comparison
Alger Capital Appreciation Institutional Fund Class Y (ACAYX) has a higher volatility of 4.57% compared to Vanguard S&P 500 ETF (VOO) at 3.75%. 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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