ALSCX vs. ACAZX
Compare and contrast key facts about Alger Small Cap Growth Fund (ALSCX) and Alger Capital Appreciation Fund Class Z (ACAZX).
ALSCX is managed by Alger. It was launched on Nov 11, 1986. ACAZX is managed by Alger. It was launched on Dec 29, 2010.
Performance
ALSCX vs. ACAZX - Performance Comparison
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ALSCX vs. ACAZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALSCX Alger Small Cap Growth Fund | -12.11% | 7.80% | 9.47% | 16.25% | -37.61% | -3.35% | 63.82% | 28.12% | 1.20% | 25.24% |
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, ALSCX achieves a -12.11% return, which is significantly higher than ACAZX's -14.55% return. Over the past 10 years, ALSCX has underperformed ACAZX with an annualized return of 8.31%, while ACAZX has yielded a comparatively higher 18.05% annualized return.
ALSCX
- 1D
- -1.76%
- 1M
- -11.99%
- YTD
- -12.11%
- 6M
- -9.73%
- 1Y
- 16.17%
- 3Y*
- 4.34%
- 5Y*
- -6.52%
- 10Y*
- 8.31%
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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ALSCX vs. ACAZX - Expense Ratio Comparison
ALSCX has a 1.96% expense ratio, which is higher than ACAZX's 0.85% expense ratio.
Return for Risk
ALSCX vs. ACAZX — Risk / Return Rank
ALSCX
ACAZX
ALSCX vs. ACAZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Small Cap Growth Fund (ALSCX) 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.
| ALSCX | ACAZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.52 | 0.98 | -0.46 |
Sortino ratioReturn per unit of downside risk | 0.92 | 1.52 | -0.60 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.20 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.59 | 1.25 | -0.66 |
Martin ratioReturn relative to average drawdown | 2.11 | 4.15 | -2.04 |
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
| ALSCX | ACAZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 0.98 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | 0.53 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.72 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.68 | -0.59 |
Correlation
The correlation between ALSCX and ACAZX is 0.83, 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
ALSCX vs. ACAZX - Dividend Comparison
ALSCX has not paid dividends to shareholders, while ACAZX's dividend yield for the trailing twelve months is around 10.33%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALSCX Alger Small Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 15.11% | 0.67% | 8.26% | 17.08% | 0.00% | 0.00% | 0.00% |
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
ALSCX vs. ACAZX - Drawdown Comparison
The maximum ALSCX drawdown since its inception was -76.39%, which is greater than ACAZX's maximum drawdown of -47.92%. Use the drawdown chart below to compare losses from any high point for ALSCX and ACAZX.
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Drawdown Indicators
| ALSCX | ACAZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.39% | -47.92% | -28.47% |
Max Drawdown (1Y)Largest decline over 1 year | -19.23% | -18.97% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -50.13% | -47.92% | -2.21% |
Max Drawdown (10Y)Largest decline over 10 years | -53.16% | -47.92% | -5.24% |
Current DrawdownCurrent decline from peak | -38.16% | -18.97% | -19.19% |
Average DrawdownAverage peak-to-trough decline | -35.33% | -8.40% | -26.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.38% | 5.73% | -0.35% |
Volatility
ALSCX vs. ACAZX - Volatility Comparison
Alger Small Cap Growth Fund (ALSCX) has a higher volatility of 8.34% compared to Alger Capital Appreciation Fund Class Z (ACAZX) at 7.44%. This indicates that ALSCX'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.
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Volatility by Period
| ALSCX | ACAZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.34% | 7.44% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 17.59% | 16.29% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.47% | 27.45% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.81% | 28.88% | -1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.51% | 25.31% | +0.20% |