ALVOX vs. DNVYX
ALVOX (Alger Capital Appreciation Portfolio) and DNVYX (Davis New York Venture Fund Class Y) are both Large Cap Growth Equities funds. Over the past 10 years, ALVOX returned 18.66%/yr vs 14.71%/yr for DNVYX. Their correlation of 0.81 means they have usually moved in the same direction. ALVOX charges 0.91%/yr vs 0.67%/yr for DNVYX.
Performance
ALVOX vs. DNVYX - Performance Comparison
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Returns By Period
In the year-to-date period, ALVOX achieves a 7.30% return, which is significantly lower than DNVYX's 13.34% return. Over the past 10 years, ALVOX has outperformed DNVYX with an annualized return of 18.66%, while DNVYX has yielded a comparatively lower 14.71% annualized return.
ALVOX
- 1D
- 4.54%
- 1M
- -2.96%
- 6M
- 9.14%
- YTD
- 7.30%
- 1Y
- 21.51%
- 3Y*
- 31.16%
- 5Y*
- 14.55%
- 10Y*
- 18.66%
- ALL TIME*
- 14.53%
DNVYX
- 1D
- 0.34%
- 1M
- 1.66%
- 6M
- 9.53%
- YTD
- 13.34%
- 1Y
- 32.69%
- 3Y*
- 25.43%
- 5Y*
- 14.92%
- 10Y*
- 14.71%
- ALL TIME*
- 10.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ALVOX vs. DNVYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALVOX Alger Capital Appreciation Portfolio | 7.30% | 32.25% | 48.13% | 43.13% | -36.69% | 19.79% | 41.90% | 33.59% | -0.01% | 31.17% |
DNVYX Davis New York Venture Fund Class Y | 13.34% | 27.17% | 31.80% | 30.49% | -17.34% | 12.74% | 11.68% | 31.35% | -12.79% | 22.51% |
Correlation
The correlation between ALVOX and DNVYX is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 1996 | 0.81 |
Over the past year, the correlation between ALVOX and DNVYX has dropped to 0.55 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
ALVOX vs. DNVYX — Risk / Return Rank
ALVOX
DNVYX
ALVOX vs. DNVYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Portfolio (ALVOX) and Davis New York Venture Fund Class Y (DNVYX). 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 | DNVYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.41 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 3.68 | -2.61 |
| Martin ratioReturn relative to average drawdown | 3.30 | 14.53 | -11.24 |
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Drawdowns
ALVOX vs. DNVYX - Drawdown Comparison
The maximum ALVOX drawdown since its inception was -67.54%, which is greater than DNVYX's maximum drawdown of -58.41%. Use the drawdown chart below to compare losses from any high point for ALVOX and DNVYX.
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Drawdown Indicators
| ALVOX | DNVYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.54% | -58.41% | -9.13% |
Max Drawdown (1Y)Largest decline over 1 year | -18.86% | -7.97% | -10.89% |
Max Drawdown (3Y)Largest decline over 3 years | -27.46% | -21.44% | -6.02% |
Max Drawdown (5Y)Largest decline over 5 years | -41.01% | -30.35% | -10.66% |
Max Drawdown (10Y)Largest decline over 10 years | -41.01% | -36.97% | -4.04% |
Current DrawdownCurrent decline from peak | -7.11% | -0.31% | -6.80% |
Average DrawdownAverage peak-to-trough decline | -18.72% | -9.40% | -9.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.13% | 2.02% | +4.11% |
Volatility
ALVOX vs. DNVYX - Volatility Comparison
Alger Capital Appreciation Portfolio (ALVOX) has a higher volatility of 7.65% compared to Davis New York Venture Fund Class Y (DNVYX) at 2.79%. This indicates that ALVOX's price experiences larger fluctuations and is considered to be riskier than DNVYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALVOX | DNVYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.65% | 2.79% | +4.86% |
Volatility (6M)Calculated over the trailing 6-month period | 18.38% | 8.86% | +9.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.20% | 12.53% | +10.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.11% | 21.78% | +4.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.79% | 21.02% | +2.77% |
ALVOX vs. DNVYX - Expense Ratio Comparison
ALVOX has a 0.91% expense ratio, which is higher than DNVYX's 0.67% expense ratio.
Dividends
ALVOX vs. DNVYX - Dividend Comparison
ALVOX's dividend yield for the trailing twelve months is around 17.50%, more than DNVYX's 9.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALVOX Alger Capital Appreciation Portfolio | 17.50% | 18.78% | 0.00% | 0.00% | 9.84% | 26.10% | 14.64% | 12.19% | 21.59% | 6.47% | 0.00% | 12.50% |
DNVYX Davis New York Venture Fund Class Y | 9.37% | 11.15% | 31.98% | 7.88% | 7.54% | 21.48% | 5.93% | 7.63% | 23.81% | 8.39% | 12.88% | 22.87% |
Frequently Asked Questions
ALVOX and DNVYX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALVOX has higher volatility (7.65%) compared to DNVYX (2.79%). In terms of maximum drawdown, ALVOX dropped -67.54% vs DNVYX's -58.41%.
DNVYX currently has the higher Sharpe Ratio (2.34 vs 0.87), 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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