Correlation
The correlation between ACAZX and GQRIX is 0.81, 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.
ACAZX vs. GQRIX
Compare and contrast key facts about Alger Capital Appreciation Fund Class Z (ACAZX) and GQG Partners Global Quality Equity Fund Institutional Shares (GQRIX).
ACAZX is managed by Alger. It was launched on Dec 29, 2010. GQRIX is managed by GQG Partners Inc. It was launched on Mar 29, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACAZX or GQRIX.
Performance
ACAZX vs. GQRIX - Performance Comparison
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Key characteristics
ACAZX:
0.93
GQRIX:
0.10
ACAZX:
1.31
GQRIX:
0.13
ACAZX:
1.18
GQRIX:
1.02
ACAZX:
0.93
GQRIX:
0.02
ACAZX:
2.88
GQRIX:
0.04
ACAZX:
8.97%
GQRIX:
6.16%
ACAZX:
30.58%
GQRIX:
16.04%
ACAZX:
-47.92%
GQRIX:
-28.86%
ACAZX:
-4.26%
GQRIX:
-8.50%
Returns By Period
In the year-to-date period, ACAZX achieves a 3.86% return, which is significantly higher than GQRIX's 0.48% return.
ACAZX
3.86%
15.35%
3.91%
28.27%
25.21%
17.05%
15.29%
GQRIX
0.48%
1.24%
-4.51%
1.64%
10.37%
13.44%
N/A
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ACAZX vs. GQRIX - Expense Ratio Comparison
ACAZX has a 0.85% expense ratio, which is higher than GQRIX's 0.75% expense ratio.
Risk-Adjusted Performance
ACAZX vs. GQRIX — Risk-Adjusted Performance Rank
ACAZX
GQRIX
ACAZX vs. GQRIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Fund Class Z (ACAZX) and GQG Partners Global Quality Equity Fund Institutional Shares (GQRIX). 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.
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Dividends
ACAZX vs. GQRIX - Dividend Comparison
ACAZX's dividend yield for the trailing twelve months is around 11.37%, more than GQRIX's 6.43% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACAZX Alger Capital Appreciation Fund Class Z | 11.37% | 11.80% | 6.65% | 4.13% | 22.25% | 14.91% | 7.87% | 11.23% | 6.60% | 0.82% | 8.15% | 15.54% |
GQRIX GQG Partners Global Quality Equity Fund Institutional Shares | 6.43% | 6.46% | 1.40% | 2.99% | 1.64% | 0.11% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ACAZX vs. GQRIX - Drawdown Comparison
The maximum ACAZX drawdown since its inception was -47.92%, which is greater than GQRIX's maximum drawdown of -28.86%. Use the drawdown chart below to compare losses from any high point for ACAZX and GQRIX.
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Volatility
ACAZX vs. GQRIX - Volatility Comparison
Alger Capital Appreciation Fund Class Z (ACAZX) has a higher volatility of 6.95% compared to GQG Partners Global Quality Equity Fund Institutional Shares (GQRIX) at 3.53%. This indicates that ACAZX's price experiences larger fluctuations and is considered to be riskier than GQRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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