ALVOX vs. SCHG
Compare and contrast key facts about Alger Capital Appreciation Portfolio (ALVOX) and Schwab U.S. Large-Cap Growth ETF (SCHG).
ALVOX is managed by Alger. It was launched on Jan 25, 1995. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. It was launched on Dec 11, 2009.
Performance
ALVOX vs. SCHG - Performance Comparison
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ALVOX vs. SCHG - 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% |
SCHG Schwab U.S. Large-Cap Growth ETF | -9.73% | 17.50% | 34.95% | 50.10% | -31.80% | 28.11% | 39.14% | 36.02% | -1.36% | 28.05% |
Returns By Period
The year-to-date returns for both investments are quite close, with ALVOX having a -10.16% return and SCHG slightly higher at -9.73%. Both investments have delivered pretty close results over the past 10 years, with ALVOX having a 17.09% annualized return and SCHG not far behind at 16.95%.
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%
SCHG
- 1D
- 0.96%
- 1M
- -4.46%
- YTD
- -9.73%
- 6M
- -8.15%
- 1Y
- 17.00%
- 3Y*
- 22.30%
- 5Y*
- 12.76%
- 10Y*
- 16.95%
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ALVOX vs. SCHG - Expense Ratio Comparison
ALVOX has a 0.91% expense ratio, which is higher than SCHG's 0.04% expense ratio.
Return for Risk
ALVOX vs. SCHG — Risk / Return Rank
ALVOX
SCHG
ALVOX vs. SCHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Portfolio (ALVOX) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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 | SCHG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 0.76 | +0.53 |
Sortino ratioReturn per unit of downside risk | 1.90 | 1.24 | +0.66 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.17 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.09 | +0.71 |
Martin ratioReturn relative to average drawdown | 5.99 | 3.71 | +2.29 |
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 | SCHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 0.76 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.57 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.79 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.79 | -0.19 |
Correlation
The correlation between ALVOX and SCHG is 0.97, 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. SCHG - Dividend Comparison
ALVOX's dividend yield for the trailing twelve months is around 20.91%, more than SCHG's 0.43% 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% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.43% | 0.36% | 0.39% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% |
Drawdowns
ALVOX vs. SCHG - Drawdown Comparison
The maximum ALVOX drawdown since its inception was -67.54%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for ALVOX and SCHG.
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Drawdown Indicators
| ALVOX | SCHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.54% | -34.59% | -32.95% |
Max Drawdown (1Y)Largest decline over 1 year | -18.86% | -16.41% | -2.45% |
Max Drawdown (5Y)Largest decline over 5 years | -41.01% | -34.59% | -6.42% |
Max Drawdown (10Y)Largest decline over 10 years | -41.01% | -34.59% | -6.42% |
Current DrawdownCurrent decline from peak | -14.89% | -12.51% | -2.38% |
Average DrawdownAverage peak-to-trough decline | -18.88% | -5.22% | -13.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.69% | 4.84% | +0.85% |
Volatility
ALVOX vs. SCHG - Volatility Comparison
Alger Capital Appreciation Portfolio (ALVOX) has a higher volatility of 9.06% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 6.77%. This indicates that ALVOX's price experiences larger fluctuations and is considered to be riskier than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALVOX | SCHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.06% | 6.77% | +2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 16.56% | 12.54% | +4.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.14% | 22.45% | +4.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.61% | 22.31% | +3.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.48% | 21.51% | +1.97% |