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ALVOX vs. BCH-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between ALVOX and BCH-USD is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.2

Performance

ALVOX vs. BCH-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger Capital Appreciation Portfolio (ALVOX) and Bitcoin Cash (BCH-USD). The values are adjusted to include any dividend payments, if applicable.

-20.00%0.00%20.00%40.00%60.00%JulyAugustSeptemberOctoberNovemberDecember
18.23%
18.43%
ALVOX
BCH-USD

Key characteristics

Sharpe Ratio

ALVOX:

2.62

BCH-USD:

-0.18

Sortino Ratio

ALVOX:

3.31

BCH-USD:

0.28

Omega Ratio

ALVOX:

1.45

BCH-USD:

1.03

Calmar Ratio

ALVOX:

1.33

BCH-USD:

0.00

Martin Ratio

ALVOX:

14.40

BCH-USD:

-0.50

Ulcer Index

ALVOX:

3.66%

BCH-USD:

26.36%

Daily Std Dev

ALVOX:

20.13%

BCH-USD:

84.65%

Max Drawdown

ALVOX:

-57.47%

BCH-USD:

-98.03%

Current Drawdown

ALVOX:

-5.47%

BCH-USD:

-88.27%

Returns By Period

In the year-to-date period, ALVOX achieves a 52.21% return, which is significantly lower than BCH-USD's 77.54% return.


ALVOX

YTD

52.21%

1M

3.16%

6M

20.25%

1Y

52.62%

5Y*

8.09%

10Y*

5.19%

BCH-USD

YTD

77.54%

1M

-9.74%

6M

26.47%

1Y

100.83%

5Y*

19.72%

10Y*

N/A

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Risk-Adjusted Performance

ALVOX vs. BCH-USD - Risk-Adjusted Performance 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.


Sharpe ratio
The chart of Sharpe ratio for ALVOX, currently valued at 2.46, compared to the broader market-1.000.001.002.003.004.002.46-0.18
The chart of Sortino ratio for ALVOX, currently valued at 3.01, compared to the broader market-2.000.002.004.006.008.0010.003.010.28
The chart of Omega ratio for ALVOX, currently valued at 1.42, compared to the broader market0.501.001.502.002.503.003.501.421.03
The chart of Calmar ratio for ALVOX, currently valued at 0.63, compared to the broader market0.002.004.006.008.0010.0012.0014.000.630.00
The chart of Martin ratio for ALVOX, currently valued at 12.72, compared to the broader market0.0020.0040.0060.0012.72-0.50
ALVOX
BCH-USD

The current ALVOX Sharpe Ratio is 2.62, which is higher than the BCH-USD Sharpe Ratio of -0.18. The chart below compares the historical Sharpe Ratios of ALVOX and BCH-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.005.00JulyAugustSeptemberOctoberNovemberDecember
2.46
-0.18
ALVOX
BCH-USD

Drawdowns

ALVOX vs. BCH-USD - Drawdown Comparison

The maximum ALVOX drawdown since its inception was -57.47%, smaller than the maximum BCH-USD drawdown of -98.03%. Use the drawdown chart below to compare losses from any high point for ALVOX and BCH-USD. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-5.47%
-88.27%
ALVOX
BCH-USD

Volatility

ALVOX vs. BCH-USD - Volatility Comparison

The current volatility for Alger Capital Appreciation Portfolio (ALVOX) is 6.25%, while Bitcoin Cash (BCH-USD) has a volatility of 24.68%. 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.


5.00%10.00%15.00%20.00%25.00%30.00%JulyAugustSeptemberOctoberNovemberDecember
6.25%
24.68%
ALVOX
BCH-USD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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