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 | -10.06% | 32.26% | 70.32% | 43.39% | -36.58% | 18.80% | 42.01% | 33.67% | -0.38% | 18.92% |
VOO Vanguard S&P 500 ETF | -3.66% | 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 -10.06% return, which is significantly lower than VOO's -3.66% return.
ACAYX
- 1D
- 4.94%
- 1M
- -4.87%
- YTD
- -10.06%
- 6M
- -11.16%
- 1Y
- 33.24%
- 3Y*
- 36.74%
- 5Y*
- 16.18%
- 10Y*
- —
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
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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 | 1.26 | 1.01 | +0.26 |
Sortino ratioReturn per unit of downside risk | 1.87 | 1.53 | +0.34 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.86 | 1.55 | +0.31 |
Martin ratioReturn relative to average drawdown | 6.18 | 7.31 | -1.13 |
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 | 1.26 | 1.01 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.71 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.83 | -0.09 |
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 7.39%, more than VOO's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.18% | 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 | -14.47% | -5.55% | -8.92% |
Average DrawdownAverage peak-to-trough decline | -10.88% | -3.72% | -7.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.56% | 2.55% | +3.01% |
Volatility
ACAYX vs. VOO - Volatility Comparison
Alger Capital Appreciation Institutional Fund Class Y (ACAYX) has a higher volatility of 9.21% compared to Vanguard S&P 500 ETF (VOO) at 5.34%. 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 | 9.21% | 5.34% | +3.87% |
Volatility (6M)Calculated over the trailing 6-month period | 17.18% | 9.47% | +7.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.95% | 18.11% | +9.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.22% | 16.82% | +11.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.93% | 17.99% | +7.94% |