ACAZX vs. AFMBX
Compare and contrast key facts about Alger Capital Appreciation Fund Class Z (ACAZX) and American Funds American Balanced Fund Class F-3 (AFMBX).
ACAZX is managed by Alger. It was launched on Dec 29, 2010. AFMBX is managed by American Funds. It was launched on Jul 26, 1975.
Performance
ACAZX vs. AFMBX - Performance Comparison
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ACAZX vs. AFMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACAZX Alger Capital Appreciation Fund Class Z | -14.55% | 31.33% | 69.38% | 43.53% | -36.63% | 18.48% | 42.23% | 33.63% | -0.61% | 18.57% |
AFMBX American Funds American Balanced Fund Class F-3 | -2.79% | 18.82% | 15.36% | 13.89% | -11.83% | 16.12% | 11.17% | 18.96% | -3.07% | 10.06% |
Returns By Period
In the year-to-date period, ACAZX achieves a -14.55% return, which is significantly lower than AFMBX's -2.79% return.
ACAZX
- 1D
- -1.51%
- 1M
- -9.35%
- YTD
- -14.55%
- 6M
- -15.47%
- 1Y
- 27.56%
- 3Y*
- 33.90%
- 5Y*
- 15.17%
- 10Y*
- 18.05%
AFMBX
- 1D
- -0.11%
- 1M
- -6.77%
- YTD
- -2.79%
- 6M
- 1.01%
- 1Y
- 15.69%
- 3Y*
- 13.85%
- 5Y*
- 8.39%
- 10Y*
- —
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ACAZX vs. AFMBX - Expense Ratio Comparison
ACAZX has a 0.85% expense ratio, which is higher than AFMBX's 0.25% expense ratio.
Return for Risk
ACAZX vs. AFMBX — Risk / Return Rank
ACAZX
AFMBX
ACAZX vs. AFMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Fund Class Z (ACAZX) and American Funds American Balanced Fund Class F-3 (AFMBX). 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.
| ACAZX | AFMBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 1.46 | -0.48 |
Sortino ratioReturn per unit of downside risk | 1.52 | 2.14 | -0.62 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.30 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.25 | 2.05 | -0.80 |
Martin ratioReturn relative to average drawdown | 4.15 | 8.76 | -4.62 |
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
| ACAZX | AFMBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.46 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.81 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.84 | -0.15 |
Correlation
The correlation between ACAZX and AFMBX is 0.83, 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
ACAZX vs. AFMBX - Dividend Comparison
ACAZX's dividend yield for the trailing twelve months is around 10.33%, more than AFMBX's 8.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACAZX Alger Capital Appreciation Fund Class Z | 10.33% | 8.83% | 23.61% | 6.65% | 4.13% | 22.24% | 14.91% | 7.87% | 11.23% | 6.60% | 0.82% | 8.15% |
AFMBX American Funds American Balanced Fund Class F-3 | 8.86% | 8.57% | 7.51% | 2.27% | 2.63% | 4.60% | 4.65% | 3.78% | 5.81% | 4.94% | 0.00% | 0.00% |
Drawdowns
ACAZX vs. AFMBX - Drawdown Comparison
The maximum ACAZX drawdown since its inception was -47.92%, which is greater than AFMBX's maximum drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for ACAZX and AFMBX.
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Drawdown Indicators
| ACAZX | AFMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.92% | -22.34% | -25.58% |
Max Drawdown (1Y)Largest decline over 1 year | -18.97% | -7.34% | -11.63% |
Max Drawdown (5Y)Largest decline over 5 years | -47.92% | -18.58% | -29.34% |
Max Drawdown (10Y)Largest decline over 10 years | -47.92% | — | — |
Current DrawdownCurrent decline from peak | -18.97% | -6.98% | -11.99% |
Average DrawdownAverage peak-to-trough decline | -8.40% | -3.25% | -5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 1.72% | +4.01% |
Volatility
ACAZX vs. AFMBX - Volatility Comparison
Alger Capital Appreciation Fund Class Z (ACAZX) has a higher volatility of 7.44% compared to American Funds American Balanced Fund Class F-3 (AFMBX) at 3.26%. This indicates that ACAZX's price experiences larger fluctuations and is considered to be riskier than AFMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACAZX | AFMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | 3.26% | +4.18% |
Volatility (6M)Calculated over the trailing 6-month period | 16.29% | 6.74% | +9.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.45% | 11.10% | +16.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.88% | 10.42% | +18.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.31% | 11.16% | +14.15% |