ALVOX vs. FXAIX
Compare and contrast key facts about Alger Capital Appreciation Portfolio (ALVOX) and Fidelity 500 Index Fund (FXAIX).
ALVOX is managed by Alger. It was launched on Jan 25, 1995. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALVOX or FXAIX.
Correlation
The correlation between ALVOX and FXAIX is 0.91, 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.
Performance
ALVOX vs. FXAIX - Performance Comparison
Key characteristics
ALVOX:
1.99
FXAIX:
1.92
ALVOX:
2.56
FXAIX:
2.57
ALVOX:
1.35
FXAIX:
1.35
ALVOX:
1.24
FXAIX:
2.95
ALVOX:
11.44
FXAIX:
12.25
ALVOX:
3.76%
FXAIX:
2.03%
ALVOX:
21.68%
FXAIX:
12.99%
ALVOX:
-57.47%
FXAIX:
-33.79%
ALVOX:
-4.41%
FXAIX:
-0.77%
Returns By Period
In the year-to-date period, ALVOX achieves a 3.90% return, which is significantly higher than FXAIX's 3.30% return. Over the past 10 years, ALVOX has underperformed FXAIX with an annualized return of 5.50%, while FXAIX has yielded a comparatively higher 13.69% annualized return.
ALVOX
3.90%
3.90%
26.74%
46.50%
7.60%
5.50%
FXAIX
3.30%
3.30%
12.20%
27.00%
15.33%
13.69%
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ALVOX vs. FXAIX - Expense Ratio Comparison
ALVOX has a 0.91% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
ALVOX vs. FXAIX — Risk-Adjusted Performance Rank
ALVOX
FXAIX
ALVOX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Portfolio (ALVOX) and Fidelity 500 Index Fund (FXAIX). 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.
Dividends
ALVOX vs. FXAIX - Dividend Comparison
ALVOX has not paid dividends to shareholders, while FXAIX's dividend yield for the trailing twelve months is around 1.21%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALVOX Alger Capital Appreciation Portfolio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.11% | 0.16% | 0.19% | 0.09% | 0.11% |
FXAIX Fidelity 500 Index Fund | 1.21% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 4.15% | 3.95% |
Drawdowns
ALVOX vs. FXAIX - Drawdown Comparison
The maximum ALVOX drawdown since its inception was -57.47%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for ALVOX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
ALVOX vs. FXAIX - Volatility Comparison
Alger Capital Appreciation Portfolio (ALVOX) has a higher volatility of 9.09% compared to Fidelity 500 Index Fund (FXAIX) at 4.12%. This indicates that ALVOX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.