ALMRX vs. ACAAX
Compare and contrast key facts about Alger MidCap Growth Institutional Fund (ALMRX) and Alger Capital Appreciation Fund (ACAAX).
ALMRX is managed by Alger. It was launched on Nov 8, 1993. ACAAX is managed by Alger. It was launched on Dec 31, 1996.
Performance
ALMRX vs. ACAAX - Performance Comparison
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ALMRX vs. ACAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALMRX Alger MidCap Growth Institutional Fund | -7.99% | 17.01% | 20.02% | 22.68% | -35.28% | 6.17% | 64.25% | 29.79% | -7.77% | 28.75% |
ACAAX Alger Capital Appreciation Fund | -10.45% | 30.80% | 49.55% | 42.99% | -36.90% | 18.17% | 41.78% | 33.14% | -0.95% | 31.31% |
Returns By Period
In the year-to-date period, ALMRX achieves a -7.99% return, which is significantly higher than ACAAX's -10.45% return. Over the past 10 years, ALMRX has underperformed ACAAX with an annualized return of 11.42%, while ACAAX has yielded a comparatively higher 16.77% annualized return.
ALMRX
- 1D
- 4.18%
- 1M
- -7.14%
- YTD
- -7.99%
- 6M
- -10.17%
- 1Y
- 18.01%
- 3Y*
- 13.20%
- 5Y*
- 0.87%
- 10Y*
- 11.42%
ACAAX
- 1D
- 4.89%
- 1M
- -4.89%
- YTD
- -10.45%
- 6M
- -11.89%
- 1Y
- 31.36%
- 3Y*
- 30.17%
- 5Y*
- 12.60%
- 10Y*
- 16.77%
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ALMRX vs. ACAAX - Expense Ratio Comparison
ALMRX has a 1.44% expense ratio, which is higher than ACAAX's 1.15% expense ratio.
Return for Risk
ALMRX vs. ACAAX — Risk / Return Rank
ALMRX
ACAAX
ALMRX vs. ACAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger MidCap Growth Institutional Fund (ALMRX) and Alger Capital Appreciation Fund (ACAAX). 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.
| ALMRX | ACAAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 1.20 | -0.41 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.80 | -0.55 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.24 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.70 | -0.55 |
Martin ratioReturn relative to average drawdown | 3.92 | 5.55 | -1.63 |
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
| ALMRX | ACAAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.20 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.44 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.66 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.48 | -0.31 |
Correlation
The correlation between ALMRX and ACAAX is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ALMRX vs. ACAAX - Dividend Comparison
ALMRX has not paid dividends to shareholders, while ACAAX's dividend yield for the trailing twelve months is around 10.94%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALMRX Alger MidCap Growth Institutional Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 77.91% | 12.19% | 8.56% | 7.91% | 0.00% | 0.00% | 0.00% |
ACAAX Alger Capital Appreciation Fund | 10.94% | 9.80% | 12.93% | 7.19% | 4.42% | 23.67% | 15.64% | 8.17% | 11.59% | 6.76% | 0.84% | 8.28% |
Drawdowns
ALMRX vs. ACAAX - Drawdown Comparison
The maximum ALMRX drawdown since its inception was -73.80%, roughly equal to the maximum ACAAX drawdown of -70.29%. Use the drawdown chart below to compare losses from any high point for ALMRX and ACAAX.
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Drawdown Indicators
| ALMRX | ACAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.80% | -70.29% | -3.51% |
Max Drawdown (1Y)Largest decline over 1 year | -16.06% | -19.11% | +3.05% |
Max Drawdown (5Y)Largest decline over 5 years | -64.01% | -48.73% | -15.28% |
Max Drawdown (10Y)Largest decline over 10 years | -64.01% | -48.73% | -15.28% |
Current DrawdownCurrent decline from peak | -40.58% | -15.15% | -25.43% |
Average DrawdownAverage peak-to-trough decline | -22.14% | -23.08% | +0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.72% | 5.87% | -1.15% |
Volatility
ALMRX vs. ACAAX - Volatility Comparison
The current volatility for Alger MidCap Growth Institutional Fund (ALMRX) is 7.91%, while Alger Capital Appreciation Fund (ACAAX) has a volatility of 9.10%. This indicates that ALMRX experiences smaller price fluctuations and is considered to be less risky than ACAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALMRX | ACAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.91% | 9.10% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 14.99% | 16.95% | -1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.51% | 27.83% | -3.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.59% | 28.87% | +19.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.73% | 25.31% | +12.42% |