ALVOX vs. BCH-USD

Last updated Apr 2, 2026

Compare and contrast key facts about Alger Capital Appreciation Portfolio (ALVOX) and Bitcoin Cash (BCH-USD).

ALVOX is managed by Alger. It was launched on Jan 25, 1995.

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.

ALVOX vs. BCH-USD - 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%	7.84%
BCH-USD Bitcoin Cash	-24.09%	38.15%	66.88%	167.70%	-77.45%	25.69%	68.04%	37.94%	-93.76%	329.48%

Returns By Period

In the year-to-date period, ALVOX achieves a -10.16% return, which is significantly higher than BCH-USD's -24.09% 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%

BCH-USD

• 1D: -2.48%
• 1M: 2.07%
• YTD: -24.09%
• 6M: -23.36%
• 1Y: 47.46%
• 3Y*: 54.59%
• 5Y*: -4.78%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ALVOX vs. BCH-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALVOX

ALVOX Risk / Return Rank: 68
ALVOX Sharpe Ratio Rank: 70
ALVOX Sortino Ratio Rank: 74
ALVOX Omega Ratio Rank: 65
ALVOX Calmar Ratio Rank: 73
ALVOX Martin Ratio Rank: 60

BCH-USD

BCH-USD Risk / Return Rank: 85
BCH-USD Sharpe Ratio Rank: 93
BCH-USD Sortino Ratio Rank: 88
BCH-USD Omega Ratio Rank: 88
BCH-USD Calmar Ratio Rank: 80
BCH-USD Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	ALVOX	BCH-USD	Difference
Sharpe ratio Return per unit of total volatility	1.29	0.67	+0.62
Sortino ratio Return per unit of downside risk	1.90	1.40	+0.50
Omega ratio Gain probability vs. loss probability	1.26	1.14	+0.12
Calmar ratio Return relative to maximum drawdown	1.81	-0.49	+2.30
Martin ratio Return relative to average drawdown	5.99	-0.99	+6.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ALVOX vs. BCH-USD - Sharpe Ratio Comparison

The current ALVOX Sharpe Ratio is 1.29, which is higher than the BCH-USD Sharpe Ratio of 0.67. 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.

Sharpe Ratios by Period

	ALVOX	BCH-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	0.67	+0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	-0.05	+0.56
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	-0.02	+0.63

Correlation

The correlation between ALVOX and BCH-USD is 0.18, 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.

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.

Drawdown Indicators

	ALVOX	BCH-USD	Difference
Max Drawdown Largest peak-to-trough decline	-67.54%	-97.96%	+30.42%
Max Drawdown (1Y) Largest decline over 1 year	-18.86%	-32.47%	+13.61%
Max Drawdown (5Y) Largest decline over 5 years	-41.01%	-94.25%	+53.24%
Max Drawdown (10Y) Largest decline over 10 years	-41.01%	—	—
Current Drawdown Current decline from peak	-14.89%	-87.87%	+72.98%
Average Drawdown Average peak-to-trough decline	-18.88%	-86.01%	+67.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.69%	16.14%	-10.45%

Volatility

ALVOX vs. BCH-USD - Volatility Comparison

The current volatility for Alger Capital Appreciation Portfolio (ALVOX) is 9.06%, while Bitcoin Cash (BCH-USD) has a volatility of 12.52%. 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.

Volatility by Period

	ALVOX	BCH-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.06%	12.52%	-3.46%
Volatility (6M) Calculated over the trailing 6-month period	16.56%	52.37%	-35.81%
Volatility (1Y) Calculated over the trailing 1-year period	27.14%	59.01%	-31.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.61%	78.61%	-53.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.48%	98.62%	-75.14%