ALBAX vs. ACAYX
Compare and contrast key facts about Alger Growth & Income Fund (ALBAX) and Alger Capital Appreciation Institutional Fund Class Y (ACAYX).
ALBAX is managed by Alger. It was launched on Dec 31, 1996. ACAYX is managed by Alger. It was launched on Feb 28, 2017.
Performance
ALBAX vs. ACAYX - Performance Comparison
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ALBAX vs. ACAYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALBAX Alger Growth & Income Fund | -4.27% | 19.89% | 21.81% | 22.60% | -14.12% | 30.79% | 15.22% | 28.92% | -4.72% | 12.17% |
ACAYX Alger Capital Appreciation Institutional Fund Class Y | -14.30% | 32.26% | 70.32% | 43.39% | -36.58% | 18.80% | 42.01% | 33.67% | -0.38% | 18.92% |
Returns By Period
In the year-to-date period, ALBAX achieves a -4.27% return, which is significantly higher than ACAYX's -14.30% return.
ALBAX
- 1D
- -0.42%
- 1M
- -7.26%
- YTD
- -4.27%
- 6M
- -0.85%
- 1Y
- 19.30%
- 3Y*
- 17.80%
- 5Y*
- 12.48%
- 10Y*
- 13.60%
ACAYX
- 1D
- -1.58%
- 1M
- -9.45%
- YTD
- -14.30%
- 6M
- -14.87%
- 1Y
- 28.77%
- 3Y*
- 34.56%
- 5Y*
- 15.57%
- 10Y*
- —
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ALBAX vs. ACAYX - Expense Ratio Comparison
ALBAX has a 0.98% expense ratio, which is higher than ACAYX's 0.83% expense ratio.
Return for Risk
ALBAX vs. ACAYX — Risk / Return Rank
ALBAX
ACAYX
ALBAX vs. ACAYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Growth & Income Fund (ALBAX) and Alger Capital Appreciation Institutional Fund Class Y (ACAYX). 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.
| ALBAX | ACAYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 1.02 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.73 | 1.57 | +0.16 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.21 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.58 | 1.35 | +0.23 |
Martin ratioReturn relative to average drawdown | 7.60 | 4.54 | +3.06 |
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
| ALBAX | ACAYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 1.02 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.56 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.72 | -0.09 |
Correlation
The correlation between ALBAX and ACAYX is 0.86, 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
ALBAX vs. ACAYX - Dividend Comparison
ALBAX's dividend yield for the trailing twelve months is around 0.95%, less than ACAYX's 7.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALBAX Alger Growth & Income Fund | 0.95% | 0.74% | 1.08% | 0.98% | 1.24% | 4.17% | 2.55% | 5.00% | 6.75% | 2.35% | 1.56% | 3.75% |
ACAYX Alger Capital Appreciation Institutional Fund Class Y | 7.75% | 6.64% | 24.81% | 7.76% | 3.77% | 18.85% | 16.28% | 10.19% | 12.28% | 6.73% | 0.00% | 0.00% |
Drawdowns
ALBAX vs. ACAYX - Drawdown Comparison
The maximum ALBAX drawdown since its inception was -40.56%, smaller than the maximum ACAYX drawdown of -46.37%. Use the drawdown chart below to compare losses from any high point for ALBAX and ACAYX.
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Drawdown Indicators
| ALBAX | ACAYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -46.37% | +5.81% |
Max Drawdown (1Y)Largest decline over 1 year | -11.37% | -18.50% | +7.13% |
Max Drawdown (5Y)Largest decline over 5 years | -22.06% | -46.37% | +24.31% |
Max Drawdown (10Y)Largest decline over 10 years | -34.26% | — | — |
Current DrawdownCurrent decline from peak | -7.86% | -18.50% | +10.64% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -10.88% | +3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 5.49% | -3.13% |
Volatility
ALBAX vs. ACAYX - Volatility Comparison
The current volatility for Alger Growth & Income Fund (ALBAX) is 4.09%, while Alger Capital Appreciation Institutional Fund Class Y (ACAYX) has a volatility of 7.53%. This indicates that ALBAX experiences smaller price fluctuations and is considered to be less risky than ACAYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALBAX | ACAYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 7.53% | -3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 9.31% | 16.50% | -7.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.20% | 27.58% | -10.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.46% | 28.14% | -12.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.20% | 25.88% | -8.68% |