ALZFX vs. CHAIX
ALZFX (Alger Focus Equity Fund Class Z) and CHAIX (Chase Growth Fund Institutional Class) are both Large Cap Growth Equities funds. Both are actively managed. Over the past 10 years, ALZFX returned 21.14%/yr vs 17.51%/yr for CHAIX. Their correlation of 0.89 means they have usually moved in the same direction. ALZFX charges 0.63%/yr vs 1.00%/yr for CHAIX.
Performance
ALZFX vs. CHAIX - Performance Comparison
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Returns By Period
In the year-to-date period, ALZFX achieves a 10.28% return, which is significantly lower than CHAIX's 22.03% return. Over the past 10 years, ALZFX has outperformed CHAIX with an annualized return of 21.14%, while CHAIX has yielded a comparatively lower 17.51% annualized return.
ALZFX
- 1D
- 1.23%
- 1M
- -2.49%
- 6M
- 11.54%
- YTD
- 10.28%
- 1Y
- 27.58%
- 3Y*
- 35.91%
- 5Y*
- 17.82%
- 10Y*
- 21.14%
- ALL TIME*
- 19.37%
CHAIX
- 1D
- -0.33%
- 1M
- -1.06%
- 6M
- 17.29%
- YTD
- 22.03%
- 1Y
- 36.99%
- 3Y*
- 30.14%
- 5Y*
- 16.71%
- 10Y*
- 17.51%
- ALL TIME*
- 11.71%
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 |
ALZFX vs. CHAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALZFX Alger Focus Equity Fund Class Z | 10.28% | 40.08% | 52.22% | 44.63% | -35.75% | 20.37% | 46.19% | 34.29% | 1.68% | 29.12% |
CHAIX Chase Growth Fund Institutional Class | 22.03% | 20.67% | 38.77% | 26.00% | -20.32% | 22.36% | 18.41% | 41.69% | -3.87% | 24.73% |
Correlation
The correlation between ALZFX and CHAIX is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.89 |
The correlation between ALZFX and CHAIX has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.
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Return for Risk
ALZFX vs. CHAIX — Risk / Return Rank
ALZFX
CHAIX
ALZFX vs. CHAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Focus Equity Fund Class Z (ALZFX) and Chase Growth Fund Institutional Class (CHAIX). 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.
| ALZFX | CHAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.31 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 3.55 | -2.15 |
| Martin ratioReturn relative to average drawdown | 4.39 | 13.86 | -9.48 |
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Drawdowns
ALZFX vs. CHAIX - Drawdown Comparison
The maximum ALZFX drawdown since its inception was -43.22%, smaller than the maximum CHAIX drawdown of -50.61%. Use the drawdown chart below to compare losses from any high point for ALZFX and CHAIX.
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Drawdown Indicators
| ALZFX | CHAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.22% | -50.61% | +7.39% |
Max Drawdown (1Y)Largest decline over 1 year | -17.45% | -9.86% | -7.59% |
Max Drawdown (3Y)Largest decline over 3 years | -26.93% | -23.40% | -3.53% |
Max Drawdown (5Y)Largest decline over 5 years | -43.22% | -24.58% | -18.64% |
Max Drawdown (10Y)Largest decline over 10 years | -43.22% | -30.36% | -12.86% |
Current DrawdownCurrent decline from peak | -6.82% | -4.07% | -2.75% |
Average DrawdownAverage peak-to-trough decline | -7.50% | -10.33% | +2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.57% | 2.52% | +3.05% |
Volatility
ALZFX vs. CHAIX - Volatility Comparison
Alger Focus Equity Fund Class Z (ALZFX) has a higher volatility of 8.36% compared to Chase Growth Fund Institutional Class (CHAIX) at 6.30%. This indicates that ALZFX's price experiences larger fluctuations and is considered to be riskier than CHAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALZFX | CHAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.36% | 6.30% | +2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 19.08% | 15.33% | +3.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.16% | 19.28% | +4.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.61% | 18.88% | +7.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.19% | 19.18% | +5.01% |
ALZFX vs. CHAIX - Expense Ratio Comparison
ALZFX has a 0.63% expense ratio, which is lower than CHAIX's 1.00% expense ratio.
Dividends
ALZFX vs. CHAIX - Dividend Comparison
ALZFX's dividend yield for the trailing twelve months is around 6.83%, more than CHAIX's 6.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALZFX Alger Focus Equity Fund Class Z | 6.83% | 7.53% | 0.00% | 0.12% | 0.10% | 13.63% | 6.16% | 2.21% | 5.55% | 0.00% | 0.00% | 0.00% |
CHAIX Chase Growth Fund Institutional Class | 6.72% | 8.20% | 18.32% | 5.36% | 5.09% | 18.78% | 7.39% | 21.65% | 12.33% | 11.44% | 8.83% | 9.93% |
Frequently Asked Questions
ALZFX and CHAIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALZFX has higher volatility (8.36%) compared to CHAIX (6.30%). In terms of maximum drawdown, ALZFX dropped -43.22% vs CHAIX's -50.61%.
CHAIX currently has the higher Sharpe Ratio (1.82 vs 1.01), 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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