AHSAX vs. ACAZX
Compare and contrast key facts about Alger Health Sciences Fund (AHSAX) and Alger Capital Appreciation Fund Class Z (ACAZX).
AHSAX is managed by Alger. It was launched on Apr 30, 2002. ACAZX is managed by Alger. It was launched on Dec 29, 2010.
Performance
AHSAX vs. ACAZX - Performance Comparison
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AHSAX vs. ACAZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AHSAX Alger Health Sciences Fund | -3.73% | 10.14% | 1.17% | -4.26% | -17.04% | 3.26% | 30.99% | 22.02% | 5.71% | 33.06% |
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% |
Returns By Period
In the year-to-date period, AHSAX achieves a -3.73% return, which is significantly higher than ACAZX's -10.36% return. Over the past 10 years, AHSAX has underperformed ACAZX with an annualized return of 8.44%, while ACAZX has yielded a comparatively higher 18.61% annualized return.
AHSAX
- 1D
- 2.14%
- 1M
- -6.00%
- YTD
- -3.73%
- 6M
- 8.88%
- 1Y
- 18.01%
- 3Y*
- 2.74%
- 5Y*
- -2.00%
- 10Y*
- 8.44%
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%
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AHSAX vs. ACAZX - Expense Ratio Comparison
AHSAX has a 1.05% expense ratio, which is higher than ACAZX's 0.85% expense ratio.
Return for Risk
AHSAX vs. ACAZX — Risk / Return Rank
AHSAX
ACAZX
AHSAX vs. ACAZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Health Sciences Fund (AHSAX) and Alger Capital Appreciation Fund Class Z (ACAZX). 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.
| AHSAX | ACAZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 1.22 | -0.19 |
Sortino ratioReturn per unit of downside risk | 1.51 | 1.82 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.25 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.74 | +0.05 |
Martin ratioReturn relative to average drawdown | 5.81 | 5.69 | +0.11 |
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
| AHSAX | ACAZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 1.22 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.55 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.74 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.70 | -0.38 |
Correlation
The correlation between AHSAX and ACAZX is 0.71, 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
AHSAX vs. ACAZX - Dividend Comparison
AHSAX has not paid dividends to shareholders, while ACAZX's dividend yield for the trailing twelve months is around 9.85%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHSAX Alger Health Sciences Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 27.18% | 11.68% | 6.98% | 7.82% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
AHSAX vs. ACAZX - Drawdown Comparison
The maximum AHSAX drawdown since its inception was -46.23%, roughly equal to the maximum ACAZX drawdown of -47.92%. Use the drawdown chart below to compare losses from any high point for AHSAX and ACAZX.
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Drawdown Indicators
| AHSAX | ACAZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.23% | -47.92% | +1.69% |
Max Drawdown (1Y)Largest decline over 1 year | -9.67% | -18.97% | +9.30% |
Max Drawdown (5Y)Largest decline over 5 years | -45.04% | -47.92% | +2.88% |
Max Drawdown (10Y)Largest decline over 10 years | -45.04% | -47.92% | +2.88% |
Current DrawdownCurrent decline from peak | -29.98% | -15.00% | -14.98% |
Average DrawdownAverage peak-to-trough decline | -14.61% | -8.40% | -6.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 5.81% | -2.83% |
Volatility
AHSAX vs. ACAZX - Volatility Comparison
The current volatility for Alger Health Sciences Fund (AHSAX) is 5.45%, while Alger Capital Appreciation Fund Class Z (ACAZX) has a volatility of 9.11%. This indicates that AHSAX experiences smaller price fluctuations and is considered to be less risky than ACAZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AHSAX | ACAZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 9.11% | -3.66% |
Volatility (6M)Calculated over the trailing 6-month period | 11.68% | 16.96% | -5.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.52% | 27.82% | -11.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.28% | 28.95% | -4.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.38% | 25.35% | -1.97% |