AMCGX vs. ACAZX
Compare and contrast key facts about Alger Mid Cap Growth Fund (AMCGX) and Alger Capital Appreciation Fund Class Z (ACAZX).
AMCGX is managed by Alger. It was launched on May 24, 1993. ACAZX is managed by Alger. It was launched on Dec 29, 2010.
Performance
AMCGX vs. ACAZX - Performance Comparison
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AMCGX vs. ACAZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMCGX Alger Mid Cap Growth Fund | -11.94% | 16.63% | 20.10% | 22.85% | -35.19% | -29.98% | 63.90% | 29.63% | -8.03% | 27.39% |
ACAZX Alger Capital Appreciation Fund Class Z | -14.55% | 31.33% | 69.38% | 43.53% | -36.63% | 18.48% | 42.23% | 33.63% | -0.61% | 31.78% |
Returns By Period
In the year-to-date period, AMCGX achieves a -11.94% return, which is significantly higher than ACAZX's -14.55% return. Over the past 10 years, AMCGX has underperformed ACAZX with an annualized return of 5.98%, while ACAZX has yielded a comparatively higher 18.05% annualized return.
AMCGX
- 1D
- -1.10%
- 1M
- -11.94%
- YTD
- -11.94%
- 6M
- -14.09%
- 1Y
- 13.82%
- 3Y*
- 11.49%
- 5Y*
- -7.60%
- 10Y*
- 5.98%
ACAZX
- 1D
- -1.51%
- 1M
- -9.35%
- YTD
- -14.55%
- 6M
- -15.47%
- 1Y
- 27.56%
- 3Y*
- 33.90%
- 5Y*
- 15.17%
- 10Y*
- 18.05%
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AMCGX vs. ACAZX - Expense Ratio Comparison
AMCGX has a 1.93% expense ratio, which is higher than ACAZX's 0.85% expense ratio.
Return for Risk
AMCGX vs. ACAZX — Risk / Return Rank
AMCGX
ACAZX
AMCGX vs. ACAZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Mid Cap Growth Fund (AMCGX) and Alger Capital Appreciation Fund Class Z (ACAZX). 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.
| AMCGX | ACAZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.55 | 0.98 | -0.44 |
Sortino ratioReturn per unit of downside risk | 0.92 | 1.52 | -0.60 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.20 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.67 | 1.25 | -0.58 |
Martin ratioReturn relative to average drawdown | 2.34 | 4.15 | -1.81 |
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
| AMCGX | ACAZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 0.98 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.25 | 0.53 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.72 | -0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.68 | -0.48 |
Correlation
The correlation between AMCGX and ACAZX is 0.89, 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
AMCGX vs. ACAZX - Dividend Comparison
AMCGX has not paid dividends to shareholders, while ACAZX's dividend yield for the trailing twelve months is around 10.33%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMCGX Alger Mid Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 13.34% | 13.72% | 10.98% | 7.59% | 0.00% | 0.00% | 0.00% |
ACAZX Alger Capital Appreciation Fund Class Z | 10.33% | 8.83% | 23.61% | 6.65% | 4.13% | 22.24% | 14.91% | 7.87% | 11.23% | 6.60% | 0.82% | 8.15% |
Drawdowns
AMCGX vs. ACAZX - Drawdown Comparison
The maximum AMCGX drawdown since its inception was -74.93%, which is greater than ACAZX's maximum drawdown of -47.92%. Use the drawdown chart below to compare losses from any high point for AMCGX and ACAZX.
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Drawdown Indicators
| AMCGX | ACAZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.93% | -47.92% | -27.01% |
Max Drawdown (1Y)Largest decline over 1 year | -16.20% | -18.97% | +2.77% |
Max Drawdown (5Y)Largest decline over 5 years | -64.50% | -47.92% | -16.58% |
Max Drawdown (10Y)Largest decline over 10 years | -64.50% | -47.92% | -16.58% |
Current DrawdownCurrent decline from peak | -43.96% | -18.97% | -24.99% |
Average DrawdownAverage peak-to-trough decline | -22.97% | -8.40% | -14.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.66% | 5.73% | -1.07% |
Volatility
AMCGX vs. ACAZX - Volatility Comparison
The current volatility for Alger Mid Cap Growth Fund (AMCGX) is 6.40%, while Alger Capital Appreciation Fund Class Z (ACAZX) has a volatility of 7.44%. This indicates that AMCGX experiences smaller price fluctuations and is considered to be less risky than ACAZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMCGX | ACAZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 7.44% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 14.59% | 16.29% | -1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.93% | 27.45% | -3.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.64% | 28.88% | +1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.71% | 25.31% | +1.40% |