ALVOX vs. ACAAX
Compare and contrast key facts about Alger Capital Appreciation Portfolio (ALVOX) and Alger Capital Appreciation Fund (ACAAX).
ALVOX is managed by Alger. It was launched on Jan 25, 1995. ACAAX is managed by Alger. It was launched on Dec 31, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALVOX or ACAAX.
Key characteristics
| ALVOX | ACAAX | |
|---|---|---|
| YTD Return | 36.78% | 37.04% |
| 1Y Return | 52.86% | 53.21% |
| 3Y Return (Ann) | 7.90% | 7.74% |
| 5Y Return (Ann) | 18.46% | 18.03% |
| 10Y Return (Ann) | 15.97% | 12.89% |
| Sharpe Ratio | 2.69 | 2.33 |
| Sortino Ratio | 3.40 | 2.99 |
| Omega Ratio | 1.47 | 1.44 |
| Calmar Ratio | 1.88 | 1.41 |
| Martin Ratio | 14.20 | 12.78 |
| Ulcer Index | 3.69% | 4.13% |
| Daily Std Dev | 19.49% | 22.67% |
| Max Drawdown | -55.11% | -78.16% |
| Current Drawdown | -0.90% | -0.94% |
Correlation
The correlation between ALVOX and ACAAX 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
ALVOX vs. ACAAX - Performance Comparison
The year-to-date returns for both investments are quite close, with ALVOX having a 36.78% return and ACAAX slightly higher at 37.04%. Over the past 10 years, ALVOX has outperformed ACAAX with an annualized return of 15.97%, while ACAAX has yielded a comparatively lower 12.89% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ALVOX vs. ACAAX - Expense Ratio Comparison
ALVOX has a 0.91% expense ratio, which is lower than ACAAX's 1.15% expense ratio.
Risk-Adjusted Performance
ALVOX vs. ACAAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Portfolio (ALVOX) 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.
Dividends
ALVOX vs. ACAAX - Dividend Comparison
ALVOX has not paid dividends to shareholders, while ACAAX's dividend yield for the trailing twelve months is around 5.25%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALVOX Alger Capital Appreciation Portfolio | 0.00% | 0.00% | 9.84% | 25.94% | 14.64% | 12.19% | 21.59% | 6.47% | 0.98% | 12.50% | 17.11% | 11.76% |
ACAAX Alger Capital Appreciation Fund | 5.25% | 7.19% | 4.42% | 23.67% | 15.64% | 8.17% | 11.59% | 6.76% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ALVOX vs. ACAAX - Drawdown Comparison
The maximum ALVOX drawdown since its inception was -55.11%, smaller than the maximum ACAAX drawdown of -78.16%. Use the drawdown chart below to compare losses from any high point for ALVOX and ACAAX. For additional features, visit the drawdowns tool.
Volatility
ALVOX vs. ACAAX - Volatility Comparison
Alger Capital Appreciation Portfolio (ALVOX) and Alger Capital Appreciation Fund (ACAAX) have volatilities of 4.26% and 4.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.