ACAZX vs. ALBAX
Compare and contrast key facts about Alger Capital Appreciation Fund Class Z (ACAZX) and Alger Growth & Income Fund (ALBAX).
ACAZX is managed by Alger. It was launched on Dec 29, 2010. ALBAX is managed by Alger. It was launched on Dec 31, 1996.
Performance
ACAZX vs. ALBAX - Performance Comparison
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ACAZX vs. ALBAX - 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% | 31.78% |
ALBAX Alger Growth & Income Fund | -4.27% | 19.89% | 21.81% | 22.60% | -14.12% | 30.79% | 15.22% | 28.92% | -4.72% | 20.18% |
Returns By Period
In the year-to-date period, ACAZX achieves a -14.55% return, which is significantly lower than ALBAX's -4.27% return. Over the past 10 years, ACAZX has outperformed ALBAX with an annualized return of 18.05%, while ALBAX has yielded a comparatively lower 13.60% annualized 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%
ALBAX
- 1D
- -0.42%
- 1M
- -7.26%
- YTD
- -4.27%
- 6M
- -0.85%
- 1Y
- 19.30%
- 3Y*
- 17.80%
- 5Y*
- 12.48%
- 10Y*
- 13.60%
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ACAZX vs. ALBAX - Expense Ratio Comparison
ACAZX has a 0.85% expense ratio, which is lower than ALBAX's 0.98% expense ratio.
Return for Risk
ACAZX vs. ALBAX — Risk / Return Rank
ACAZX
ALBAX
ACAZX vs. ALBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Fund Class Z (ACAZX) and Alger Growth & Income Fund (ALBAX). 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 | ALBAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 1.17 | -0.19 |
Sortino ratioReturn per unit of downside risk | 1.52 | 1.73 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.26 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.58 | -0.32 |
Martin ratioReturn relative to average drawdown | 4.15 | 7.60 | -3.45 |
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 | ALBAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.17 | -0.19 |
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 | 0.79 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.63 | +0.05 |
Correlation
The correlation between ACAZX and ALBAX is 0.88, 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. ALBAX - Dividend Comparison
ACAZX's dividend yield for the trailing twelve months is around 10.33%, more than ALBAX's 0.95% 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% |
ALBAX Alger Growth & Income Fund | 0.95% | 0.74% | 1.08% | 0.98% | 1.24% | 4.17% | 2.55% | 5.00% | 6.75% | 2.35% | 1.56% | 3.75% |
Drawdowns
ACAZX vs. ALBAX - Drawdown Comparison
The maximum ACAZX drawdown since its inception was -47.92%, which is greater than ALBAX's maximum drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for ACAZX and ALBAX.
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Drawdown Indicators
| ACAZX | ALBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.92% | -40.56% | -7.36% |
Max Drawdown (1Y)Largest decline over 1 year | -18.97% | -11.37% | -7.60% |
Max Drawdown (5Y)Largest decline over 5 years | -47.92% | -22.06% | -25.86% |
Max Drawdown (10Y)Largest decline over 10 years | -47.92% | -34.26% | -13.66% |
Current DrawdownCurrent decline from peak | -18.97% | -7.86% | -11.11% |
Average DrawdownAverage peak-to-trough decline | -8.40% | -7.38% | -1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 2.36% | +3.37% |
Volatility
ACAZX vs. ALBAX - Volatility Comparison
Alger Capital Appreciation Fund Class Z (ACAZX) has a higher volatility of 7.44% compared to Alger Growth & Income Fund (ALBAX) at 4.09%. This indicates that ACAZX's price experiences larger fluctuations and is considered to be riskier than ALBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACAZX | ALBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | 4.09% | +3.35% |
Volatility (6M)Calculated over the trailing 6-month period | 16.29% | 9.31% | +6.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.45% | 17.20% | +10.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.88% | 15.46% | +13.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.31% | 17.20% | +8.11% |