ALVOX vs. ACAZX
Compare and contrast key facts about Alger Capital Appreciation Portfolio (ALVOX) and Alger Capital Appreciation Fund Class Z (ACAZX).
ALVOX is managed by Alger. It was launched on Jan 25, 1995. ACAZX is managed by Alger. It was launched on Dec 29, 2010.
Performance
ALVOX vs. ACAZX - Performance Comparison
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ALVOX vs. ACAZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALVOX Alger Capital Appreciation Portfolio | -10.16% | 32.25% | 48.13% | 43.13% | -36.69% | 19.79% | 41.90% | 33.59% | -0.01% | 31.17% |
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 ALVOX having a -10.16% return and ACAZX slightly lower at -10.36%. Over the past 10 years, ALVOX has underperformed ACAZX with an annualized return of 17.09%, while ACAZX has yielded a comparatively higher 18.61% annualized return.
ALVOX
- 1D
- 4.89%
- 1M
- -4.96%
- YTD
- -10.16%
- 6M
- -11.42%
- 1Y
- 33.04%
- 3Y*
- 30.33%
- 5Y*
- 12.94%
- 10Y*
- 17.09%
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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ALVOX vs. ACAZX - Expense Ratio Comparison
ALVOX has a 0.91% expense ratio, which is higher than ACAZX's 0.85% expense ratio.
Return for Risk
ALVOX vs. ACAZX — Risk / Return Rank
ALVOX
ACAZX
ALVOX vs. ACAZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Portfolio (ALVOX) 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.
| ALVOX | ACAZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 1.22 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.90 | 1.82 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.74 | +0.06 |
Martin ratioReturn relative to average drawdown | 5.99 | 5.69 | +0.30 |
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
| ALVOX | ACAZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 1.22 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.55 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.74 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.70 | -0.09 |
Correlation
The correlation between ALVOX and ACAZX is 1.00, 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
ALVOX vs. ACAZX - Dividend Comparison
ALVOX's dividend yield for the trailing twelve months is around 20.91%, more than ACAZX's 9.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALVOX Alger Capital Appreciation Portfolio | 20.91% | 18.78% | 0.00% | 0.00% | 9.84% | 26.10% | 14.64% | 12.19% | 21.59% | 6.47% | 0.00% | 12.50% |
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
ALVOX vs. ACAZX - Drawdown Comparison
The maximum ALVOX drawdown since its inception was -67.54%, which is greater than ACAZX's maximum drawdown of -47.92%. Use the drawdown chart below to compare losses from any high point for ALVOX and ACAZX.
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Drawdown Indicators
| ALVOX | ACAZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.54% | -47.92% | -19.62% |
Max Drawdown (1Y)Largest decline over 1 year | -18.86% | -18.97% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -41.01% | -47.92% | +6.91% |
Max Drawdown (10Y)Largest decline over 10 years | -41.01% | -47.92% | +6.91% |
Current DrawdownCurrent decline from peak | -14.89% | -15.00% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -18.88% | -8.40% | -10.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.69% | 5.81% | -0.12% |
Volatility
ALVOX vs. ACAZX - Volatility Comparison
Alger Capital Appreciation Portfolio (ALVOX) and Alger Capital Appreciation Fund Class Z (ACAZX) have volatilities of 9.06% and 9.11%, 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.
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Volatility by Period
| ALVOX | ACAZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.06% | 9.11% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 16.56% | 16.96% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.14% | 27.82% | -0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.61% | 28.95% | -3.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.48% | 25.35% | -1.87% |