ALZFX vs. ALVOX
Compare and contrast key facts about Alger Focus Equity Fund Class Z (ALZFX) and Alger Capital Appreciation Portfolio (ALVOX).
ALZFX is an actively managed fund by Alger. It was launched on Nov 8, 1993. ALVOX is managed by Alger. It was launched on Jan 25, 1995.
Performance
ALZFX vs. ALVOX - Performance Comparison
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ALZFX vs. ALVOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALZFX Alger Focus Equity Fund Class Z | -9.33% | 40.08% | 52.22% | 44.63% | -35.75% | 20.37% | 46.19% | 34.29% | 1.68% | 29.12% |
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% |
Returns By Period
In the year-to-date period, ALZFX achieves a -9.33% return, which is significantly higher than ALVOX's -10.16% return. Over the past 10 years, ALZFX has outperformed ALVOX with an annualized return of 19.19%, while ALVOX has yielded a comparatively lower 17.09% annualized return.
ALZFX
- 1D
- 4.93%
- 1M
- -4.33%
- YTD
- -9.33%
- 6M
- -10.26%
- 1Y
- 41.15%
- 3Y*
- 34.55%
- 5Y*
- 15.64%
- 10Y*
- 19.19%
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%
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ALZFX vs. ALVOX - Expense Ratio Comparison
ALZFX has a 0.63% expense ratio, which is lower than ALVOX's 0.91% expense ratio.
Return for Risk
ALZFX vs. ALVOX — Risk / Return Rank
ALZFX
ALVOX
ALZFX vs. ALVOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Focus Equity Fund Class Z (ALZFX) and Alger Capital Appreciation Portfolio (ALVOX). 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.
| ALZFX | ALVOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 1.29 | +0.29 |
Sortino ratioReturn per unit of downside risk | 2.22 | 1.90 | +0.31 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.26 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.43 | 1.81 | +0.62 |
Martin ratioReturn relative to average drawdown | 8.21 | 5.99 | +2.22 |
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
| ALZFX | ALVOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 1.29 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.51 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.73 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.61 | +0.22 |
Correlation
The correlation between ALZFX and ALVOX is 0.99, 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
ALZFX vs. ALVOX - Dividend Comparison
ALZFX's dividend yield for the trailing twelve months is around 8.31%, less than ALVOX's 20.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALZFX Alger Focus Equity Fund Class Z | 8.31% | 7.53% | 0.00% | 0.12% | 0.10% | 13.63% | 6.16% | 2.21% | 5.55% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
ALZFX vs. ALVOX - Drawdown Comparison
The maximum ALZFX drawdown since its inception was -43.22%, smaller than the maximum ALVOX drawdown of -67.54%. Use the drawdown chart below to compare losses from any high point for ALZFX and ALVOX.
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Drawdown Indicators
| ALZFX | ALVOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.22% | -67.54% | +24.32% |
Max Drawdown (1Y)Largest decline over 1 year | -17.45% | -18.86% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -43.22% | -41.01% | -2.21% |
Max Drawdown (10Y)Largest decline over 10 years | -43.22% | -41.01% | -2.21% |
Current DrawdownCurrent decline from peak | -13.38% | -14.89% | +1.51% |
Average DrawdownAverage peak-to-trough decline | -7.60% | -18.88% | +11.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 5.69% | -0.53% |
Volatility
ALZFX vs. ALVOX - Volatility Comparison
Alger Focus Equity Fund Class Z (ALZFX) and Alger Capital Appreciation Portfolio (ALVOX) have volatilities of 9.21% and 9.06%, 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.
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Volatility by Period
| ALZFX | ALVOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.21% | 9.06% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 17.06% | 16.56% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.50% | 27.14% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.07% | 25.61% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.85% | 23.48% | +0.37% |