ALVOX vs. BCH-USD
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALVOX or BCH-USD.
Performance
ALVOX vs. BCH-USD - Performance Comparison
Returns By Period
In the year-to-date period, ALVOX achieves a 47.55% return, which is significantly lower than BCH-USD's 89.11% return.
ALVOX
47.55%
7.66%
20.57%
52.86%
5.85%
3.30%
BCH-USD
89.11%
41.27%
-0.93%
117.63%
19.04%
N/A
Key characteristics
| ALVOX | BCH-USD | |
|---|---|---|
| Sharpe Ratio | 2.72 | 0.31 |
| Sortino Ratio | 3.47 | 1.09 |
| Omega Ratio | 1.48 | 1.10 |
| Calmar Ratio | 1.28 | 0.09 |
| Martin Ratio | 14.59 | 0.64 |
| Ulcer Index | 3.62% | 41.95% |
| Daily Std Dev | 19.44% | 83.14% |
| Max Drawdown | -57.47% | -98.03% |
| Current Drawdown | -8.37% | -87.50% |
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Correlation
The correlation between ALVOX and BCH-USD is 0.16, 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.
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.
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.
Volatility
ALVOX vs. BCH-USD - Volatility Comparison
The current volatility for Alger Capital Appreciation Portfolio (ALVOX) is 6.18%, while Bitcoin Cash (BCH-USD) has a volatility of 27.81%. 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.