ALGRX vs. ACAZX
Compare and contrast key facts about Alger Focus Equity Fund (ALGRX) and Alger Capital Appreciation Fund Class Z (ACAZX).
ALGRX is managed by Alger. It was launched on Nov 8, 1993. ACAZX is managed by Alger. It was launched on Dec 29, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALGRX or ACAZX.
Correlation
The correlation between ALGRX and ACAZX is 0.99, 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
ALGRX vs. ACAZX - Performance Comparison
Key characteristics
ALGRX:
2.17
ACAZX:
1.24
ALGRX:
2.70
ACAZX:
1.58
ALGRX:
1.38
ACAZX:
1.24
ALGRX:
2.99
ACAZX:
0.98
ALGRX:
12.72
ACAZX:
5.02
ALGRX:
3.72%
ACAZX:
6.03%
ALGRX:
21.89%
ACAZX:
24.57%
ALGRX:
-64.60%
ACAZX:
-53.72%
ALGRX:
-0.17%
ACAZX:
-7.55%
Returns By Period
In the year-to-date period, ALGRX achieves a 8.66% return, which is significantly higher than ACAZX's 8.01% return. Over the past 10 years, ALGRX has outperformed ACAZX with an annualized return of 13.93%, while ACAZX has yielded a comparatively lower 6.20% annualized return.
ALGRX
8.66%
4.78%
27.63%
48.48%
14.77%
13.93%
ACAZX
8.01%
4.47%
12.73%
31.30%
5.30%
6.20%
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ALGRX vs. ACAZX - Expense Ratio Comparison
ALGRX has a 0.89% expense ratio, which is higher than ACAZX's 0.85% expense ratio.
Risk-Adjusted Performance
ALGRX vs. ACAZX — Risk-Adjusted Performance Rank
ALGRX
ACAZX
ALGRX vs. ACAZX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Focus Equity Fund (ALGRX) 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.
Dividends
ALGRX vs. ACAZX - Dividend Comparison
Neither ALGRX nor ACAZX has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
ALGRX Alger Focus Equity Fund | 0.00% | 0.00% | 0.10% | 0.07% | 0.00% | 0.00% | 0.16% |
ACAZX Alger Capital Appreciation Fund Class Z | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ALGRX vs. ACAZX - Drawdown Comparison
The maximum ALGRX drawdown since its inception was -64.60%, which is greater than ACAZX's maximum drawdown of -53.72%. Use the drawdown chart below to compare losses from any high point for ALGRX and ACAZX. For additional features, visit the drawdowns tool.
Volatility
ALGRX vs. ACAZX - Volatility Comparison
Alger Focus Equity Fund (ALGRX) has a higher volatility of 9.35% compared to Alger Capital Appreciation Fund Class Z (ACAZX) at 8.46%. This indicates that ALGRX's price experiences larger fluctuations and is considered to be riskier than ACAZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.