ALBAX vs. ACAZX
Compare and contrast key facts about Alger Growth & Income Fund (ALBAX) and Alger Capital Appreciation Fund Class Z (ACAZX).
ALBAX is managed by Alger. It was launched on Dec 31, 1996. ACAZX is managed by Alger. It was launched on Dec 29, 2010.
Performance
ALBAX vs. ACAZX - Performance Comparison
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ALBAX vs. ACAZX - 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% | 20.18% |
ACAZX Alger Capital Appreciation Fund Class Z | -14.55% | 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, ALBAX achieves a -4.27% return, which is significantly higher than ACAZX's -14.55% return. Over the past 10 years, ALBAX has underperformed ACAZX with an annualized return of 13.60%, while ACAZX has yielded a comparatively higher 18.05% annualized 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%
ACAZX
- 1D
- -1.51%
- 1M
- -9.35%
- YTD
- -14.55%
- 6M
- -15.47%
- 1Y
- 27.56%
- 3Y*
- 33.90%
- 5Y*
- 15.17%
- 10Y*
- 18.05%
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ALBAX vs. ACAZX - Expense Ratio Comparison
ALBAX has a 0.98% expense ratio, which is higher than ACAZX's 0.85% expense ratio.
Return for Risk
ALBAX vs. ACAZX — Risk / Return Rank
ALBAX
ACAZX
ALBAX vs. ACAZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Growth & Income Fund (ALBAX) 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.
| ALBAX | ACAZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 0.98 | +0.19 |
Sortino ratioReturn per unit of downside risk | 1.73 | 1.52 | +0.21 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.58 | 1.25 | +0.32 |
Martin ratioReturn relative to average drawdown | 7.60 | 4.15 | +3.45 |
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 | ACAZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 0.98 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.53 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.72 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.68 | -0.05 |
Correlation
The correlation between ALBAX and ACAZX is 0.88, 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. ACAZX - Dividend Comparison
ALBAX's dividend yield for the trailing twelve months is around 0.95%, less than ACAZX's 10.33% 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% |
ACAZX Alger Capital Appreciation Fund Class Z | 10.33% | 8.83% | 23.61% | 6.65% | 4.13% | 22.24% | 14.91% | 7.87% | 11.23% | 6.60% | 0.82% | 8.15% |
Drawdowns
ALBAX vs. ACAZX - Drawdown Comparison
The maximum ALBAX drawdown since its inception was -40.56%, smaller than the maximum ACAZX drawdown of -47.92%. Use the drawdown chart below to compare losses from any high point for ALBAX and ACAZX.
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Drawdown Indicators
| ALBAX | ACAZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -47.92% | +7.36% |
Max Drawdown (1Y)Largest decline over 1 year | -11.37% | -18.97% | +7.60% |
Max Drawdown (5Y)Largest decline over 5 years | -22.06% | -47.92% | +25.86% |
Max Drawdown (10Y)Largest decline over 10 years | -34.26% | -47.92% | +13.66% |
Current DrawdownCurrent decline from peak | -7.86% | -18.97% | +11.11% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -8.40% | +1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 5.73% | -3.37% |
Volatility
ALBAX vs. ACAZX - Volatility Comparison
The current volatility for Alger Growth & Income Fund (ALBAX) is 4.09%, while Alger Capital Appreciation Fund Class Z (ACAZX) has a volatility of 7.44%. This indicates that ALBAX 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
| ALBAX | ACAZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 7.44% | -3.35% |
Volatility (6M)Calculated over the trailing 6-month period | 9.31% | 16.29% | -6.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.20% | 27.45% | -10.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.46% | 28.88% | -13.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.20% | 25.31% | -8.11% |