ALARX vs. WSTCX
Compare and contrast key facts about Alger Capital Appreciation Institutional Fund (ALARX) and Delaware Ivy Science and Technology Fund (WSTCX).
ALARX is managed by Alger. It was launched on Nov 8, 1993. WSTCX is managed by Ivy Funds. It was launched on Jul 30, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALARX or WSTCX.
Key characteristics
| ALARX | WSTCX | |
|---|---|---|
| YTD Return | 47.31% | 33.07% |
| 1Y Return | 48.84% | 22.61% |
| 3Y Return (Ann) | -1.92% | -26.67% |
| 5Y Return (Ann) | 6.32% | -12.32% |
| 10Y Return (Ann) | 5.16% | -3.93% |
| Sharpe Ratio | 2.26 | 0.72 |
| Sortino Ratio | 2.75 | 0.98 |
| Omega Ratio | 1.42 | 1.19 |
| Calmar Ratio | 1.26 | 0.30 |
| Martin Ratio | 11.54 | 2.86 |
| Ulcer Index | 4.18% | 7.62% |
| Daily Std Dev | 21.37% | 30.22% |
| Max Drawdown | -69.38% | -77.63% |
| Current Drawdown | -6.17% | -60.76% |
Correlation
The correlation between ALARX and WSTCX is 0.91, 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. WSTCX - Performance Comparison
In the year-to-date period, ALARX achieves a 47.31% return, which is significantly higher than WSTCX's 33.07% return. Over the past 10 years, ALARX has outperformed WSTCX with an annualized return of 5.16%, while WSTCX has yielded a comparatively lower -3.93% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ALARX vs. WSTCX - Expense Ratio Comparison
ALARX has a 1.12% expense ratio, which is lower than WSTCX's 2.14% expense ratio.
Risk-Adjusted Performance
ALARX vs. WSTCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Institutional Fund (ALARX) and Delaware Ivy Science and Technology Fund (WSTCX). 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. WSTCX - Dividend Comparison
Neither ALARX nor WSTCX has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALARX Alger Capital Appreciation Institutional Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% |
WSTCX Delaware Ivy Science and Technology Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ALARX vs. WSTCX - Drawdown Comparison
The maximum ALARX drawdown since its inception was -69.38%, smaller than the maximum WSTCX drawdown of -77.63%. Use the drawdown chart below to compare losses from any high point for ALARX and WSTCX. For additional features, visit the drawdowns tool.
Volatility
ALARX vs. WSTCX - Volatility Comparison
Alger Capital Appreciation Institutional Fund (ALARX) and Delaware Ivy Science and Technology Fund (WSTCX) have volatilities of 5.96% and 6.12%, 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.