ALVOX vs. IYW
Compare and contrast key facts about Alger Capital Appreciation Portfolio (ALVOX) and iShares U.S. Technology ETF (IYW).
ALVOX is managed by Alger. It was launched on Jan 25, 1995. IYW is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Technology Index. It was launched on May 19, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALVOX or IYW.
Performance
ALVOX vs. IYW - Performance Comparison
Returns By Period
In the year-to-date period, ALVOX achieves a 47.10% return, which is significantly higher than IYW's 29.07% return. Over the past 10 years, ALVOX has underperformed IYW with an annualized return of 3.35%, while IYW has yielded a comparatively higher 20.66% annualized return.
ALVOX
47.10%
6.49%
21.64%
52.52%
5.84%
3.35%
IYW
29.07%
1.89%
13.13%
34.95%
24.10%
20.66%
Key characteristics
| ALVOX | IYW | |
|---|---|---|
| Sharpe Ratio | 2.79 | 1.74 |
| Sortino Ratio | 3.55 | 2.28 |
| Omega Ratio | 1.49 | 1.31 |
| Calmar Ratio | 1.32 | 2.29 |
| Martin Ratio | 15.01 | 7.91 |
| Ulcer Index | 3.62% | 4.66% |
| Daily Std Dev | 19.48% | 21.21% |
| Max Drawdown | -57.47% | -81.89% |
| Current Drawdown | -8.65% | -1.93% |
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ALVOX vs. IYW - Expense Ratio Comparison
ALVOX has a 0.91% expense ratio, which is higher than IYW's 0.42% expense ratio.
Correlation
The correlation between ALVOX and IYW is 0.90, 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.
Risk-Adjusted Performance
ALVOX vs. IYW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Portfolio (ALVOX) and iShares U.S. Technology ETF (IYW). 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. IYW - Dividend Comparison
ALVOX has not paid dividends to shareholders, while IYW's dividend yield for the trailing twelve months is around 0.31%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALVOX Alger Capital Appreciation Portfolio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.11% | 0.16% | 0.19% | 0.09% | 0.11% | 0.37% |
IYW iShares U.S. Technology ETF | 0.31% | 0.40% | 0.50% | 0.31% | 0.56% | 0.72% | 0.91% | 0.82% | 1.13% | 1.12% | 1.13% | 1.06% |
Drawdowns
ALVOX vs. IYW - Drawdown Comparison
The maximum ALVOX drawdown since its inception was -57.47%, smaller than the maximum IYW drawdown of -81.89%. Use the drawdown chart below to compare losses from any high point for ALVOX and IYW. For additional features, visit the drawdowns tool.
Volatility
ALVOX vs. IYW - Volatility Comparison
Alger Capital Appreciation Portfolio (ALVOX) and iShares U.S. Technology ETF (IYW) have volatilities of 6.44% and 6.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.