ACAZX vs. ALVOX
Compare and contrast key facts about Alger Capital Appreciation Fund Class Z (ACAZX) and Alger Capital Appreciation Portfolio (ALVOX).
ACAZX is managed by Alger. It was launched on Dec 29, 2010. ALVOX is managed by Alger. It was launched on Jan 25, 1995.
Performance
ACAZX vs. ALVOX - Performance Comparison
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ACAZX vs. ALVOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACAZX Alger Capital Appreciation Fund Class Z | -10.36% | 31.33% | 69.38% | 43.53% | -36.63% | 18.48% | 42.23% | 33.63% | -0.61% | 31.78% |
ALVOX Alger Capital Appreciation Portfolio | -10.16% | 32.25% | 48.13% | 43.13% | -36.69% | 19.79% | 41.90% | 33.59% | -0.01% | 31.17% |
Returns By Period
The year-to-date returns for both investments are quite close, with ACAZX having a -10.36% return and ALVOX slightly higher at -10.16%. Over the past 10 years, ACAZX has outperformed ALVOX with an annualized return of 18.61%, while ALVOX has yielded a comparatively lower 17.09% annualized return.
ACAZX
- 1D
- 4.90%
- 1M
- -4.85%
- YTD
- -10.36%
- 6M
- -11.71%
- 1Y
- 31.90%
- 3Y*
- 36.05%
- 5Y*
- 15.79%
- 10Y*
- 18.61%
ALVOX
- 1D
- 4.89%
- 1M
- -4.96%
- YTD
- -10.16%
- 6M
- -11.42%
- 1Y
- 33.04%
- 3Y*
- 30.33%
- 5Y*
- 12.94%
- 10Y*
- 17.09%
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ACAZX vs. ALVOX - Expense Ratio Comparison
ACAZX has a 0.85% expense ratio, which is lower than ALVOX's 0.91% expense ratio.
Return for Risk
ACAZX vs. ALVOX — Risk / Return Rank
ACAZX
ALVOX
ACAZX vs. ALVOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Fund Class Z (ACAZX) and Alger Capital Appreciation Portfolio (ALVOX). 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 | ALVOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 1.29 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.82 | 1.90 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.26 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.81 | -0.06 |
Martin ratioReturn relative to average drawdown | 5.69 | 5.99 | -0.30 |
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 | ALVOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.29 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.51 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.73 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.61 | +0.09 |
Correlation
The correlation between ACAZX and ALVOX is 1.00, 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. ALVOX - Dividend Comparison
ACAZX's dividend yield for the trailing twelve months is around 9.85%, less than ALVOX's 20.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACAZX Alger Capital Appreciation Fund Class Z | 9.85% | 8.83% | 23.61% | 6.65% | 4.13% | 22.24% | 14.91% | 7.87% | 11.23% | 6.60% | 0.82% | 8.15% |
ALVOX Alger Capital Appreciation Portfolio | 20.91% | 18.78% | 0.00% | 0.00% | 9.84% | 26.10% | 14.64% | 12.19% | 21.59% | 6.47% | 0.00% | 12.50% |
Drawdowns
ACAZX vs. ALVOX - Drawdown Comparison
The maximum ACAZX drawdown since its inception was -47.92%, smaller than the maximum ALVOX drawdown of -67.54%. Use the drawdown chart below to compare losses from any high point for ACAZX and ALVOX.
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Drawdown Indicators
| ACAZX | ALVOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.92% | -67.54% | +19.62% |
Max Drawdown (1Y)Largest decline over 1 year | -18.97% | -18.86% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -47.92% | -41.01% | -6.91% |
Max Drawdown (10Y)Largest decline over 10 years | -47.92% | -41.01% | -6.91% |
Current DrawdownCurrent decline from peak | -15.00% | -14.89% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -8.40% | -18.88% | +10.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.81% | 5.69% | +0.12% |
Volatility
ACAZX vs. ALVOX - Volatility Comparison
Alger Capital Appreciation Fund Class Z (ACAZX) and Alger Capital Appreciation Portfolio (ALVOX) have volatilities of 9.11% and 9.06%, 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.
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Volatility by Period
| ACAZX | ALVOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.11% | 9.06% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 16.96% | 16.56% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.82% | 27.14% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.95% | 25.61% | +3.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.35% | 23.48% | +1.87% |