ACAZX vs. ALGRX
Compare and contrast key facts about Alger Capital Appreciation Fund Class Z (ACAZX) and Alger Focus Equity Fund (ALGRX).
ACAZX is managed by Alger. It was launched on Dec 29, 2010. ALGRX is managed by Alger. It was launched on Nov 8, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACAZX or ALGRX.
Correlation
The correlation between ACAZX and ALGRX is 0.99, 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.
Performance
ACAZX vs. ALGRX - Performance Comparison
Key characteristics
ACAZX:
1.74
ALGRX:
2.88
ACAZX:
2.10
ALGRX:
3.59
ACAZX:
1.34
ALGRX:
1.49
ACAZX:
1.06
ALGRX:
2.33
ACAZX:
9.36
ALGRX:
16.34
ACAZX:
4.33%
ALGRX:
3.56%
ACAZX:
23.30%
ALGRX:
20.15%
ACAZX:
-53.72%
ALGRX:
-64.60%
ACAZX:
-11.02%
ALGRX:
-1.10%
Returns By Period
In the year-to-date period, ACAZX achieves a 40.17% return, which is significantly lower than ALGRX's 57.56% return. Over the past 10 years, ACAZX has underperformed ALGRX with an annualized return of 6.19%, while ALGRX has yielded a comparatively higher 13.73% annualized return.
ACAZX
40.17%
-5.90%
8.07%
40.53%
6.37%
6.19%
ALGRX
57.56%
3.98%
21.44%
58.13%
15.84%
13.73%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ACAZX vs. ALGRX - Expense Ratio Comparison
ACAZX has a 0.85% expense ratio, which is lower than ALGRX's 0.89% expense ratio.
Risk-Adjusted Performance
ACAZX vs. ALGRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Fund Class Z (ACAZX) and Alger Focus Equity Fund (ALGRX). 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.
Dividends
ACAZX vs. ALGRX - Dividend Comparison
Neither ACAZX nor ALGRX has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
ACAZX Alger Capital Appreciation Fund Class Z | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ALGRX Alger Focus Equity Fund | 0.00% | 0.10% | 0.07% | 0.00% | 0.00% | 0.16% |
Drawdowns
ACAZX vs. ALGRX - Drawdown Comparison
The maximum ACAZX drawdown since its inception was -53.72%, smaller than the maximum ALGRX drawdown of -64.60%. Use the drawdown chart below to compare losses from any high point for ACAZX and ALGRX. For additional features, visit the drawdowns tool.
Volatility
ACAZX vs. ALGRX - Volatility Comparison
Alger Capital Appreciation Fund Class Z (ACAZX) has a higher volatility of 13.54% compared to Alger Focus Equity Fund (ALGRX) at 6.53%. This indicates that ACAZX's price experiences larger fluctuations and is considered to be riskier than ALGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.