Correlation
The correlation between ACAZX and VOO is 0.92, 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. VOO
Compare and contrast key facts about Alger Capital Appreciation Fund Class Z (ACAZX) and Vanguard S&P 500 ETF (VOO).
ACAZX is managed by Alger. It was launched on Dec 29, 2010. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACAZX or VOO.
Performance
ACAZX vs. VOO - Performance Comparison
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Key characteristics
ACAZX:
0.79
VOO:
0.55
ACAZX:
1.30
VOO:
0.96
ACAZX:
1.18
VOO:
1.14
ACAZX:
0.92
VOO:
0.62
ACAZX:
2.84
VOO:
2.35
ACAZX:
8.97%
VOO:
4.96%
ACAZX:
30.53%
VOO:
19.59%
ACAZX:
-47.92%
VOO:
-33.99%
ACAZX:
-0.78%
VOO:
-2.20%
Returns By Period
In the year-to-date period, ACAZX achieves a 7.69% return, which is significantly higher than VOO's 2.31% return. Over the past 10 years, ACAZX has outperformed VOO with an annualized return of 15.63%, while VOO has yielded a comparatively lower 12.96% annualized return.
ACAZX
7.69%
4.53%
3.63%
24.06%
31.69%
16.94%
15.63%
VOO
2.31%
0.57%
-0.44%
10.69%
19.39%
15.65%
12.96%
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ACAZX vs. VOO - Expense Ratio Comparison
ACAZX has a 0.85% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
ACAZX vs. VOO — Risk-Adjusted Performance Rank
ACAZX
VOO
ACAZX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Fund Class Z (ACAZX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
ACAZX's dividend yield for the trailing twelve months is around 10.96%, more than VOO's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACAZX Alger Capital Appreciation Fund Class Z | 10.96% | 11.80% | 6.65% | 4.13% | 22.25% | 14.91% | 7.87% | 11.23% | 6.60% | 0.82% | 8.15% | 15.54% |
VOO Vanguard S&P 500 ETF | 1.27% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
ACAZX vs. VOO - Drawdown Comparison
The maximum ACAZX drawdown since its inception was -47.92%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ACAZX and VOO.
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Volatility
ACAZX vs. VOO - Volatility Comparison
Alger Capital Appreciation Fund Class Z (ACAZX) has a higher volatility of 4.57% compared to Vanguard S&P 500 ETF (VOO) at 3.75%. This indicates that ACAZX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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