ACAZX vs. PRWCX
Compare and contrast key facts about Alger Capital Appreciation Fund Class Z (ACAZX) and T. Rowe Price Capital Appreciation Fund (PRWCX).
ACAZX is managed by Alger. It was launched on Dec 29, 2010. PRWCX is managed by T. Rowe Price. It was launched on Jun 30, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACAZX or PRWCX.
Correlation
The correlation between ACAZX and PRWCX is 0.86, 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. PRWCX - Performance Comparison
Key characteristics
ACAZX:
1.74
PRWCX:
1.89
ACAZX:
2.10
PRWCX:
2.57
ACAZX:
1.34
PRWCX:
1.35
ACAZX:
1.06
PRWCX:
1.11
ACAZX:
9.36
PRWCX:
14.26
ACAZX:
4.33%
PRWCX:
1.01%
ACAZX:
23.30%
PRWCX:
7.64%
ACAZX:
-53.72%
PRWCX:
-45.33%
ACAZX:
-11.02%
PRWCX:
-1.63%
Returns By Period
In the year-to-date period, ACAZX achieves a 40.17% return, which is significantly higher than PRWCX's 13.90% return. Over the past 10 years, ACAZX has outperformed PRWCX with an annualized return of 6.19%, while PRWCX has yielded a comparatively lower 5.32% annualized return.
ACAZX
40.17%
-5.90%
8.07%
40.53%
6.37%
6.19%
PRWCX
13.90%
-0.10%
6.57%
14.44%
5.49%
5.32%
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ACAZX vs. PRWCX - Expense Ratio Comparison
ACAZX has a 0.85% expense ratio, which is higher than PRWCX's 0.68% expense ratio.
Risk-Adjusted Performance
ACAZX vs. PRWCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Fund Class Z (ACAZX) and T. Rowe Price Capital Appreciation Fund (PRWCX). 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. PRWCX - Dividend Comparison
ACAZX has not paid dividends to shareholders, while PRWCX's dividend yield for the trailing twelve months is around 10.25%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACAZX Alger Capital Appreciation Fund Class Z | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PRWCX T. Rowe Price Capital Appreciation Fund | 10.25% | 2.11% | 1.57% | 0.95% | 1.17% | 1.54% | 2.53% | 1.31% | 1.57% | 1.52% | 1.42% | 1.13% |
Drawdowns
ACAZX vs. PRWCX - Drawdown Comparison
The maximum ACAZX drawdown since its inception was -53.72%, which is greater than PRWCX's maximum drawdown of -45.33%. Use the drawdown chart below to compare losses from any high point for ACAZX and PRWCX. For additional features, visit the drawdowns tool.
Volatility
ACAZX vs. PRWCX - Volatility Comparison
Alger Capital Appreciation Fund Class Z (ACAZX) has a higher volatility of 13.54% compared to T. Rowe Price Capital Appreciation Fund (PRWCX) at 2.35%. This indicates that ACAZX's price experiences larger fluctuations and is considered to be riskier than PRWCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.