ALVOX vs. BCH-USD
ALVOX (Alger Capital Appreciation Portfolio) is Large Cap Growth Equities fund managed by Alger, while BCH-USD (Bitcoin Cash) is a cryptocurrency. Over the past 5 years, ALVOX returned 15.79%/yr vs -12.70%/yr for BCH-USD. At a 0.18 correlation, their price movements are largely independent.
Performance
ALVOX vs. BCH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ALVOX achieves a 12.83% return, which is significantly higher than BCH-USD's -60.43% return.
ALVOX
- 1D
- 0.42%
- 1M
- 4.39%
- 6M
- 10.27%
- YTD
- 12.83%
- 1Y
- 32.23%
- 3Y*
- 34.86%
- 5Y*
- 15.79%
- 10Y*
- 19.52%
BCH-USD
- 1D
- -1.34%
- 1M
- 13.58%
- 6M
- -61.83%
- YTD
- -60.43%
- 1Y
- -53.41%
- 3Y*
- -3.55%
- 5Y*
- -12.70%
- 10Y*
- —
ALVOX vs. BCH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALVOX Alger Capital Appreciation Portfolio | 12.83% | 32.25% | 48.13% | 43.13% | -36.69% | 19.79% | 41.90% | 33.59% | -0.01% | 7.84% |
BCH-USD Bitcoin Cash | -60.43% | 38.15% | 66.88% | 167.70% | -77.45% | 25.69% | 68.04% | 37.94% | -93.76% | 325.79% |
Correlation
The correlation between ALVOX and BCH-USD is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jul 22, 2017 | 0.18 |
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Return for Risk
ALVOX vs. BCH-USD — Risk / Return Rank
ALVOX
BCH-USD
ALVOX vs. BCH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Portfolio (ALVOX) and Bitcoin Cash (BCH-USD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ALVOX | BCH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.22 | ||
| Sortino ratioReturn per unit of downside risk | +3.04 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.90 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | -0.75 | +2.46 |
| Martin ratioReturn relative to average drawdown | 5.42 | -1.76 | +7.18 |
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Drawdowns
ALVOX vs. BCH-USD - Drawdown Comparison
The maximum ALVOX drawdown since its inception was -67.54%, smaller than the maximum BCH-USD drawdown of -97.96%. Use the drawdown chart below to compare losses from any high point for ALVOX and BCH-USD.
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Drawdown Indicators
| ALVOX | BCH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.54% | -97.96% | +30.42% |
Max Drawdown (1Y)Largest decline over 1 year | -18.86% | -70.92% | +52.06% |
Max Drawdown (3Y)Largest decline over 3 years | -27.46% | -72.60% | +45.14% |
Max Drawdown (5Y)Largest decline over 5 years | -41.01% | -88.64% | +47.63% |
Max Drawdown (10Y)Largest decline over 10 years | -41.01% | — | — |
Current DrawdownCurrent decline from peak | -2.33% | -93.68% | +91.35% |
Average DrawdownAverage peak-to-trough decline | -18.74% | -86.15% | +67.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.93% | 35.31% | -29.38% |
Volatility
ALVOX vs. BCH-USD - Volatility Comparison
The current volatility for Alger Capital Appreciation Portfolio (ALVOX) is 8.64%, while Bitcoin Cash (BCH-USD) has a volatility of 16.41%. This indicates that ALVOX experiences smaller price fluctuations and is considered to be less risky than BCH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALVOX | BCH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.64% | 16.41% | -7.77% |
Volatility (6M)Calculated over the trailing 6-month period | 17.60% | 49.80% | -32.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.26% | 57.49% | -35.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.97% | 69.69% | -43.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.69% | 97.54% | -73.85% |
Frequently Asked Questions
ALVOX and BCH-USD have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCH-USD has higher volatility (16.41%) compared to ALVOX (8.64%). In terms of maximum drawdown, ALVOX dropped -67.54% vs BCH-USD's -97.96%.
ALVOX currently has the higher Sharpe Ratio (1.45 vs -0.77), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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