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.
Key characteristics
| ACAZX | ALGRX | |
|---|---|---|
| YTD Return | 37.50% | 39.11% |
| 1Y Return | 53.86% | 55.64% |
| 3Y Return (Ann) | 8.15% | 9.18% |
| 5Y Return (Ann) | 18.46% | 20.08% |
| 10Y Return (Ann) | 16.01% | 17.10% |
| Sharpe Ratio | 2.73 | 2.85 |
| Sortino Ratio | 3.46 | 3.61 |
| Omega Ratio | 1.47 | 1.49 |
| Calmar Ratio | 1.47 | 1.81 |
| Martin Ratio | 14.31 | 15.38 |
| Ulcer Index | 3.73% | 3.59% |
| Daily Std Dev | 19.59% | 19.38% |
| Max Drawdown | -47.92% | -62.22% |
| Current Drawdown | -0.92% | -0.85% |
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
The year-to-date returns for both investments are quite close, with ACAZX having a 37.50% return and ALGRX slightly higher at 39.11%. Over the past 10 years, ACAZX has underperformed ALGRX with an annualized return of 16.01%, while ALGRX has yielded a comparatively higher 17.10% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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
ACAZX's dividend yield for the trailing twelve months is around 4.84%, more than ALGRX's 0.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ACAZX Alger Capital Appreciation Fund Class Z | 4.84% | 6.65% | 4.13% | 22.24% | 14.91% | 7.87% | 11.23% | 6.60% | 0.82% | 8.15% | 15.54% |
ALGRX Alger Focus Equity Fund | 0.07% | 0.10% | 0.06% | 13.98% | 6.25% | 2.08% | 5.38% | 3.91% | 0.00% | 0.00% | 0.00% |
Drawdowns
ACAZX vs. ALGRX - Drawdown Comparison
The maximum ACAZX drawdown since its inception was -47.92%, smaller than the maximum ALGRX drawdown of -62.22%. 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) and Alger Focus Equity Fund (ALGRX) have volatilities of 4.27% and 4.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.