ALVOX vs. ALSRX
Compare and contrast key facts about Alger Capital Appreciation Portfolio (ALVOX) and Alger SmallCap Growth Institutional Fund (ALSRX).
ALVOX is managed by Alger. It was launched on Jan 25, 1995. ALSRX is managed by Alger. It was launched on Nov 8, 1993.
Performance
ALVOX vs. ALSRX - Performance Comparison
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ALVOX vs. ALSRX - 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% |
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% |
Returns By Period
The year-to-date returns for both investments are quite close, with ALVOX having a -10.16% return and ALSRX slightly higher at -9.98%. Over the past 10 years, ALVOX has outperformed ALSRX with an annualized return of 17.09%, while ALSRX has yielded a comparatively lower 7.67% 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%
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%
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ALVOX vs. ALSRX - Expense Ratio Comparison
ALVOX has a 0.91% expense ratio, which is lower than ALSRX's 1.24% expense ratio.
Return for Risk
ALVOX vs. ALSRX — Risk / Return Rank
ALVOX
ALSRX
ALVOX vs. ALSRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Portfolio (ALVOX) and Alger SmallCap Growth Institutional Fund (ALSRX). 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 | ALSRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 0.59 | +0.70 |
Sortino ratioReturn per unit of downside risk | 1.90 | 1.03 | +0.88 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.12 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.81 | 0.68 | +1.13 |
Martin ratioReturn relative to average drawdown | 5.99 | 2.47 | +3.52 |
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 | ALSRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 0.59 | +0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | -0.26 | +0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.29 | +0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.23 | +0.38 |
Correlation
The correlation between ALVOX and ALSRX is 0.86, 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. ALSRX - Dividend Comparison
ALVOX's dividend yield for the trailing twelve months is around 20.91%, more than ALSRX's 3.11% 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% |
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% |
Drawdowns
ALVOX vs. ALSRX - Drawdown Comparison
The maximum ALVOX drawdown since its inception was -67.54%, smaller than the maximum ALSRX drawdown of -73.40%. Use the drawdown chart below to compare losses from any high point for ALVOX and ALSRX.
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Drawdown Indicators
| ALVOX | ALSRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.54% | -73.40% | +5.86% |
Max Drawdown (1Y)Largest decline over 1 year | -18.86% | -21.23% | +2.37% |
Max Drawdown (5Y)Largest decline over 5 years | -41.01% | -53.46% | +12.45% |
Max Drawdown (10Y)Largest decline over 10 years | -41.01% | -55.04% | +14.03% |
Current DrawdownCurrent decline from peak | -14.89% | -40.86% | +25.97% |
Average DrawdownAverage peak-to-trough decline | -18.88% | -28.66% | +9.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.69% | 5.85% | -0.16% |
Volatility
ALVOX vs. ALSRX - Volatility Comparison
The current volatility for Alger Capital Appreciation Portfolio (ALVOX) is 9.06%, while Alger SmallCap Growth Institutional Fund (ALSRX) has a volatility of 10.20%. This indicates that ALVOX experiences smaller price fluctuations and is considered to be less risky than ALSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALVOX | ALSRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.06% | 10.20% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 16.56% | 18.65% | -2.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.14% | 27.59% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.61% | 29.56% | -3.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.48% | 26.66% | -3.18% |