ALVOX vs. BLUEX
Compare and contrast key facts about Alger Capital Appreciation Portfolio (ALVOX) and AMG Veritas Global Real Return Fund (BLUEX).
ALVOX is managed by Alger. It was launched on Jan 25, 1995. BLUEX is managed by AMG. It was launched on Jan 10, 1991.
Performance
ALVOX vs. BLUEX - Performance Comparison
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ALVOX vs. BLUEX - 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% |
BLUEX AMG Veritas Global Real Return Fund | -8.68% | 4.45% | 7.24% | 14.35% | -14.30% | 3.22% | 34.74% | 35.34% | -4.91% | 27.86% |
Returns By Period
In the year-to-date period, ALVOX achieves a -10.16% return, which is significantly lower than BLUEX's -8.68% return. Over the past 10 years, ALVOX has outperformed BLUEX with an annualized return of 17.09%, while BLUEX has yielded a comparatively lower 9.35% 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%
BLUEX
- 1D
- 1.10%
- 1M
- -5.47%
- YTD
- -8.68%
- 6M
- -9.03%
- 1Y
- -7.28%
- 3Y*
- 2.73%
- 5Y*
- 0.53%
- 10Y*
- 9.35%
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ALVOX vs. BLUEX - Expense Ratio Comparison
ALVOX has a 0.91% expense ratio, which is lower than BLUEX's 1.15% expense ratio.
Return for Risk
ALVOX vs. BLUEX — Risk / Return Rank
ALVOX
BLUEX
ALVOX vs. BLUEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Portfolio (ALVOX) and AMG Veritas Global Real Return Fund (BLUEX). 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 | BLUEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | -0.66 | +1.95 |
Sortino ratioReturn per unit of downside risk | 1.90 | -0.89 | +2.79 |
Omega ratioGain probability vs. loss probability | 1.26 | 0.89 | +0.36 |
Calmar ratioReturn relative to maximum drawdown | 1.81 | -0.69 | +2.50 |
Martin ratioReturn relative to average drawdown | 5.99 | -2.40 | +8.39 |
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 | BLUEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | -0.66 | +1.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.05 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.57 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.49 | +0.11 |
Correlation
The correlation between ALVOX and BLUEX is 0.83, 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. BLUEX - Dividend Comparison
ALVOX's dividend yield for the trailing twelve months is around 20.91%, more than BLUEX's 0.34% 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% |
BLUEX AMG Veritas Global Real Return Fund | 0.34% | 0.31% | 0.29% | 0.03% | 11.84% | 27.20% | 25.43% | 13.71% | 13.40% | 0.00% | 0.00% | 0.24% |
Drawdowns
ALVOX vs. BLUEX - Drawdown Comparison
The maximum ALVOX drawdown since its inception was -67.54%, which is greater than BLUEX's maximum drawdown of -54.27%. Use the drawdown chart below to compare losses from any high point for ALVOX and BLUEX.
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Drawdown Indicators
| ALVOX | BLUEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.54% | -54.27% | -13.27% |
Max Drawdown (1Y)Largest decline over 1 year | -18.86% | -12.19% | -6.67% |
Max Drawdown (5Y)Largest decline over 5 years | -41.01% | -21.87% | -19.14% |
Max Drawdown (10Y)Largest decline over 10 years | -41.01% | -29.06% | -11.95% |
Current DrawdownCurrent decline from peak | -14.89% | -10.58% | -4.31% |
Average DrawdownAverage peak-to-trough decline | -18.88% | -13.39% | -5.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.69% | 3.51% | +2.18% |
Volatility
ALVOX vs. BLUEX - Volatility Comparison
Alger Capital Appreciation Portfolio (ALVOX) has a higher volatility of 9.06% compared to AMG Veritas Global Real Return Fund (BLUEX) at 3.64%. This indicates that ALVOX's price experiences larger fluctuations and is considered to be riskier than BLUEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALVOX | BLUEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.06% | 3.64% | +5.42% |
Volatility (6M)Calculated over the trailing 6-month period | 16.56% | 7.31% | +9.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.14% | 11.01% | +16.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.61% | 10.50% | +15.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.48% | 16.57% | +6.91% |