ACAZX vs. VSMIX
Compare and contrast key facts about Alger Capital Appreciation Fund Class Z (ACAZX) and Vanguard Short-Term Investment-Grade Fund Investor Shares (VSMIX).
ACAZX is managed by Alger. It was launched on Dec 29, 2010. VSMIX is managed by Vanguard. It was launched on Oct 29, 1982.
Performance
ACAZX vs. VSMIX - Performance Comparison
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ACAZX vs. VSMIX - 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% |
VSMIX Vanguard Short-Term Investment-Grade Fund Investor Shares | 9.86% | 18.01% | 24.82% | 23.14% | 4.58% | 36.67% | 11.14% | 32.32% | -25.45% | 18.47% |
Returns By Period
In the year-to-date period, ACAZX achieves a -10.36% return, which is significantly lower than VSMIX's 9.86% return. Over the past 10 years, ACAZX has outperformed VSMIX with an annualized return of 18.61%, while VSMIX has yielded a comparatively lower 15.92% 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%
VSMIX
- 1D
- 3.04%
- 1M
- -8.70%
- YTD
- 9.86%
- 6M
- 16.33%
- 1Y
- 37.85%
- 3Y*
- 25.93%
- 5Y*
- 17.87%
- 10Y*
- 15.92%
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ACAZX vs. VSMIX - Expense Ratio Comparison
ACAZX has a 0.85% expense ratio, which is higher than VSMIX's 0.20% expense ratio.
Return for Risk
ACAZX vs. VSMIX — Risk / Return Rank
ACAZX
VSMIX
ACAZX vs. VSMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Fund Class Z (ACAZX) and Vanguard Short-Term Investment-Grade Fund Investor Shares (VSMIX). 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 | VSMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 1.47 | -0.25 |
Sortino ratioReturn per unit of downside risk | 1.82 | 2.00 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.29 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.74 | 2.04 | -0.30 |
Martin ratioReturn relative to average drawdown | 5.69 | 7.86 | -2.16 |
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 | VSMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.47 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.78 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.60 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.45 | +0.25 |
Correlation
The correlation between ACAZX and VSMIX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ACAZX vs. VSMIX - Dividend Comparison
ACAZX's dividend yield for the trailing twelve months is around 9.85%, more than VSMIX's 7.77% 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% |
VSMIX Vanguard Short-Term Investment-Grade Fund Investor Shares | 7.77% | 8.53% | 7.40% | 4.71% | 9.53% | 15.84% | 0.40% | 2.37% | 26.83% | 15.94% | 1.65% | 10.91% |
Drawdowns
ACAZX vs. VSMIX - Drawdown Comparison
The maximum ACAZX drawdown since its inception was -47.92%, smaller than the maximum VSMIX drawdown of -57.53%. Use the drawdown chart below to compare losses from any high point for ACAZX and VSMIX.
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Drawdown Indicators
| ACAZX | VSMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.92% | -57.53% | +9.61% |
Max Drawdown (1Y)Largest decline over 1 year | -18.97% | -16.58% | -2.39% |
Max Drawdown (5Y)Largest decline over 5 years | -47.92% | -25.26% | -22.66% |
Max Drawdown (10Y)Largest decline over 10 years | -47.92% | -57.53% | +9.61% |
Current DrawdownCurrent decline from peak | -15.00% | -8.70% | -6.30% |
Average DrawdownAverage peak-to-trough decline | -8.40% | -9.58% | +1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.81% | 4.31% | +1.50% |
Volatility
ACAZX vs. VSMIX - Volatility Comparison
Alger Capital Appreciation Fund Class Z (ACAZX) and Vanguard Short-Term Investment-Grade Fund Investor Shares (VSMIX) have volatilities of 9.11% and 8.82%, 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 | VSMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.11% | 8.82% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 16.96% | 16.84% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.82% | 25.90% | +1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.95% | 23.17% | +5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.35% | 26.70% | -1.35% |