ALARX vs. SHSAX
Compare and contrast key facts about Alger Capital Appreciation Institutional Fund (ALARX) and BlackRock Health Sciences Opportunities Portfolio (SHSAX).
ALARX is managed by Alger. It was launched on Nov 8, 1993. SHSAX is managed by Blackrock. It was launched on Dec 20, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALARX or SHSAX.
Key characteristics
| ALARX | SHSAX | |
|---|---|---|
| YTD Return | 36.78% | 10.65% |
| 1Y Return | 50.76% | 17.67% |
| 3Y Return (Ann) | 5.60% | 3.26% |
| 5Y Return (Ann) | 17.16% | 9.49% |
| 10Y Return (Ann) | 14.69% | 9.03% |
| Sharpe Ratio | 2.77 | 1.72 |
| Sortino Ratio | 3.50 | 2.36 |
| Omega Ratio | 1.49 | 1.31 |
| Calmar Ratio | 1.78 | 1.73 |
| Martin Ratio | 14.64 | 8.80 |
| Ulcer Index | 3.67% | 2.08% |
| Daily Std Dev | 19.36% | 10.68% |
| Max Drawdown | -69.26% | -31.69% |
| Current Drawdown | -2.52% | -4.64% |
Correlation
The correlation between ALARX and SHSAX is 0.75, 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
ALARX vs. SHSAX - Performance Comparison
In the year-to-date period, ALARX achieves a 36.78% return, which is significantly higher than SHSAX's 10.65% return. Over the past 10 years, ALARX has outperformed SHSAX with an annualized return of 14.69%, while SHSAX has yielded a comparatively lower 9.03% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ALARX vs. SHSAX - Expense Ratio Comparison
ALARX has a 1.12% expense ratio, which is higher than SHSAX's 1.09% expense ratio.
Risk-Adjusted Performance
ALARX vs. SHSAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Institutional Fund (ALARX) and BlackRock Health Sciences Opportunities Portfolio (SHSAX). 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
ALARX vs. SHSAX - Dividend Comparison
ALARX's dividend yield for the trailing twelve months is around 5.92%, more than SHSAX's 5.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALARX Alger Capital Appreciation Institutional Fund | 5.92% | 8.09% | 3.90% | 19.40% | 16.62% | 10.34% | 12.39% | 6.75% | 0.74% | 7.71% | 12.31% | 12.84% |
SHSAX BlackRock Health Sciences Opportunities Portfolio | 5.24% | 3.84% | 7.44% | 9.20% | 4.34% | 3.89% | 8.56% | 3.53% | 2.43% | 1.38% | 6.97% | 9.96% |
Drawdowns
ALARX vs. SHSAX - Drawdown Comparison
The maximum ALARX drawdown since its inception was -69.26%, which is greater than SHSAX's maximum drawdown of -31.69%. Use the drawdown chart below to compare losses from any high point for ALARX and SHSAX. For additional features, visit the drawdowns tool.
Volatility
ALARX vs. SHSAX - Volatility Comparison
Alger Capital Appreciation Institutional Fund (ALARX) has a higher volatility of 4.72% compared to BlackRock Health Sciences Opportunities Portfolio (SHSAX) at 3.28%. This indicates that ALARX's price experiences larger fluctuations and is considered to be riskier than SHSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.