ALVOX vs. VTMGX
ALVOX (Alger Capital Appreciation Portfolio) and VTMGX (Vanguard Developed Markets Index Fund Admiral Shares) are both mutual funds - ALVOX is a Large Cap Growth Equities fund managed by Alger, while VTMGX is a Foreign Large Cap Equities fund tracking the FTSE Developed All Cap ex US Index. Over the past 10 years, ALVOX returned 18.66%/yr vs 10.04%/yr for VTMGX. Their 0.66 correlation means they have sometimes moved together and sometimes differently. ALVOX charges 0.91%/yr vs 0.07%/yr for VTMGX.
Performance
ALVOX vs. VTMGX - 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 VTMGX's 14.59% return. Over the past 10 years, ALVOX has outperformed VTMGX with an annualized return of 18.66%, while VTMGX has yielded a comparatively lower 10.04% 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%
VTMGX
- 1D
- 3.12%
- 1M
- 0.75%
- 6M
- 8.12%
- YTD
- 14.59%
- 1Y
- 30.61%
- 3Y*
- 17.88%
- 5Y*
- 9.89%
- 10Y*
- 10.04%
- ALL TIME*
- 5.84%
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. VTMGX - 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% |
VTMGX Vanguard Developed Markets Index Fund Admiral Shares | 14.59% | 35.17% | 3.03% | 17.65% | -15.33% | 11.39% | 10.25% | 22.04% | -14.48% | 26.39% |
Correlation
The correlation between ALVOX and VTMGX is 0.63, 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. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 1999 | 0.66 |
The correlation between ALVOX and VTMGX has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.
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Return for Risk
ALVOX vs. VTMGX — Risk / Return Rank
ALVOX
VTMGX
ALVOX vs. VTMGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Portfolio (ALVOX) and Vanguard Developed Markets Index Fund Admiral Shares (VTMGX). 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 | VTMGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.32 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 2.51 | -1.44 |
| Martin ratioReturn relative to average drawdown | 3.30 | 9.35 | -6.05 |
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Drawdowns
ALVOX vs. VTMGX - Drawdown Comparison
The maximum ALVOX drawdown since its inception was -67.54%, which is greater than VTMGX's maximum drawdown of -60.58%. Use the drawdown chart below to compare losses from any high point for ALVOX and VTMGX.
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Drawdown Indicators
| ALVOX | VTMGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.54% | -60.58% | -6.96% |
Max Drawdown (1Y)Largest decline over 1 year | -18.86% | -11.67% | -7.19% |
Max Drawdown (3Y)Largest decline over 3 years | -27.46% | -13.18% | -14.28% |
Max Drawdown (5Y)Largest decline over 5 years | -41.01% | -29.71% | -11.30% |
Max Drawdown (10Y)Largest decline over 10 years | -41.01% | -35.68% | -5.33% |
Current DrawdownCurrent decline from peak | -7.11% | -1.68% | -5.43% |
Average DrawdownAverage peak-to-trough decline | -18.72% | -14.58% | -4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.13% | 3.13% | +3.00% |
Volatility
ALVOX vs. VTMGX - Volatility Comparison
Alger Capital Appreciation Portfolio (ALVOX) has a higher volatility of 7.65% compared to Vanguard Developed Markets Index Fund Admiral Shares (VTMGX) at 5.76%. This indicates that ALVOX's price experiences larger fluctuations and is considered to be riskier than VTMGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALVOX | VTMGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.65% | 5.76% | +1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 18.38% | 14.78% | +3.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.20% | 16.81% | +6.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.11% | 16.20% | +9.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.79% | 16.41% | +7.38% |
ALVOX vs. VTMGX - Expense Ratio Comparison
ALVOX has a 0.91% expense ratio, which is higher than VTMGX's 0.07% expense ratio.
Dividends
ALVOX vs. VTMGX - Dividend Comparison
ALVOX's dividend yield for the trailing twelve months is around 17.50%, more than VTMGX's 2.53% 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% |
VTMGX Vanguard Developed Markets Index Fund Admiral Shares | 2.53% | 3.20% | 3.34% | 3.14% | 2.88% | 3.14% | 2.02% | 3.03% | 3.33% | 2.77% | 3.06% | 2.91% |
Frequently Asked Questions
ALVOX and VTMGX have a correlation of 0.63, 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 VTMGX (5.76%). In terms of maximum drawdown, ALVOX dropped -67.54% vs VTMGX's -60.58%.
VTMGX currently has the higher Sharpe Ratio (1.75 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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