ALSRX vs. ACAZX
Compare and contrast key facts about Alger SmallCap Growth Institutional Fund (ALSRX) and Alger Capital Appreciation Fund Class Z (ACAZX).
ALSRX is managed by Alger. It was launched on Nov 8, 1993. ACAZX is managed by Alger. It was launched on Dec 29, 2010.
Performance
ALSRX vs. ACAZX - Performance Comparison
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ALSRX vs. ACAZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALSRX Alger SmallCap Growth Institutional Fund | -9.98% | 4.83% | 8.76% | 14.83% | -38.17% | -4.44% | 64.90% | 29.87% | -4.03% | 24.83% |
ACAZX Alger Capital Appreciation Fund Class Z | -10.36% | 31.33% | 69.38% | 43.53% | -36.63% | 18.48% | 42.23% | 33.63% | -0.61% | 31.78% |
Returns By Period
The year-to-date returns for both stocks are quite close, with ALSRX having a -9.98% return and ACAZX slightly lower at -10.36%. Over the past 10 years, ALSRX has underperformed ACAZX with an annualized return of 7.67%, while ACAZX has yielded a comparatively higher 18.61% annualized return.
ALSRX
- 1D
- 5.62%
- 1M
- -8.41%
- YTD
- -9.98%
- 6M
- -6.55%
- 1Y
- 16.11%
- 3Y*
- 3.60%
- 5Y*
- -7.60%
- 10Y*
- 7.67%
ACAZX
- 1D
- 4.90%
- 1M
- -4.85%
- YTD
- -10.36%
- 6M
- -11.71%
- 1Y
- 31.90%
- 3Y*
- 36.05%
- 5Y*
- 15.79%
- 10Y*
- 18.61%
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ALSRX vs. ACAZX - Expense Ratio Comparison
ALSRX has a 1.24% expense ratio, which is higher than ACAZX's 0.85% expense ratio.
Return for Risk
ALSRX vs. ACAZX — Risk / Return Rank
ALSRX
ACAZX
ALSRX vs. ACAZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger SmallCap Growth Institutional Fund (ALSRX) 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.
| ALSRX | ACAZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | 1.22 | -0.63 |
Sortino ratioReturn per unit of downside risk | 1.03 | 1.82 | -0.80 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.25 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.68 | 1.74 | -1.06 |
Martin ratioReturn relative to average drawdown | 2.47 | 5.69 | -3.22 |
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
| ALSRX | ACAZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 1.22 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | 0.55 | -0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.74 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.70 | -0.47 |
Correlation
The correlation between ALSRX 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
ALSRX vs. ACAZX - Dividend Comparison
ALSRX's dividend yield for the trailing twelve months is around 3.11%, less than ACAZX's 9.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALSRX Alger SmallCap Growth Institutional Fund | 3.11% | 2.80% | 1.99% | 0.00% | 0.00% | 23.64% | 5.23% | 20.07% | 11.31% | 0.00% | 0.00% | 0.00% |
ACAZX Alger Capital Appreciation Fund Class Z | 9.85% | 8.83% | 23.61% | 6.65% | 4.13% | 22.24% | 14.91% | 7.87% | 11.23% | 6.60% | 0.82% | 8.15% |
Drawdowns
ALSRX vs. ACAZX - Drawdown Comparison
The maximum ALSRX drawdown since its inception was -73.40%, which is greater than ACAZX's maximum drawdown of -47.92%. Use the drawdown chart below to compare losses from any high point for ALSRX and ACAZX.
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Drawdown Indicators
| ALSRX | ACAZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.40% | -47.92% | -25.48% |
Max Drawdown (1Y)Largest decline over 1 year | -21.23% | -18.97% | -2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -53.46% | -47.92% | -5.54% |
Max Drawdown (10Y)Largest decline over 10 years | -55.04% | -47.92% | -7.12% |
Current DrawdownCurrent decline from peak | -40.86% | -15.00% | -25.86% |
Average DrawdownAverage peak-to-trough decline | -28.66% | -8.40% | -20.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.85% | 5.81% | +0.04% |
Volatility
ALSRX vs. ACAZX - Volatility Comparison
Alger SmallCap Growth Institutional Fund (ALSRX) has a higher volatility of 10.20% compared to Alger Capital Appreciation Fund Class Z (ACAZX) at 9.11%. This indicates that ALSRX'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
| ALSRX | ACAZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.20% | 9.11% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 18.65% | 16.96% | +1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.59% | 27.82% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.56% | 28.95% | +0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.66% | 25.35% | +1.31% |