AOFIX vs. ACAZX
Compare and contrast key facts about Alger Small Cap Focus Fund (AOFIX) and Alger Capital Appreciation Fund Class Z (ACAZX).
AOFIX is managed by Alger. It was launched on Mar 3, 2008. ACAZX is managed by Alger. It was launched on Dec 29, 2010.
Performance
AOFIX vs. ACAZX - Performance Comparison
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AOFIX vs. ACAZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AOFIX Alger Small Cap Focus Fund | -7.57% | 6.96% | 13.76% | 9.88% | -37.62% | -14.06% | 53.29% | 24.16% | 14.16% | 27.72% |
ACAZX Alger Capital Appreciation Fund Class Z | -10.36% | 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, AOFIX achieves a -7.57% return, which is significantly higher than ACAZX's -10.36% return. Over the past 10 years, AOFIX has underperformed ACAZX with an annualized return of 8.19%, while ACAZX has yielded a comparatively higher 18.61% annualized return.
AOFIX
- 1D
- 5.26%
- 1M
- -8.33%
- YTD
- -7.57%
- 6M
- -5.03%
- 1Y
- 19.45%
- 3Y*
- 6.12%
- 5Y*
- -7.41%
- 10Y*
- 8.19%
ACAZX
- 1D
- 4.90%
- 1M
- -4.85%
- YTD
- -10.36%
- 6M
- -11.71%
- 1Y
- 31.90%
- 3Y*
- 36.05%
- 5Y*
- 15.79%
- 10Y*
- 18.61%
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AOFIX vs. ACAZX - Expense Ratio Comparison
AOFIX has a 1.14% expense ratio, which is higher than ACAZX's 0.85% expense ratio.
Return for Risk
AOFIX vs. ACAZX — Risk / Return Rank
AOFIX
ACAZX
AOFIX vs. ACAZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Small Cap Focus Fund (AOFIX) 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.
| AOFIX | ACAZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.70 | 1.22 | -0.53 |
Sortino ratioReturn per unit of downside risk | 1.16 | 1.82 | -0.66 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.25 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.88 | 1.74 | -0.87 |
Martin ratioReturn relative to average drawdown | 3.21 | 5.69 | -2.48 |
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
| AOFIX | ACAZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 1.22 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | 0.55 | -0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.74 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.70 | -0.45 |
Correlation
The correlation between AOFIX and ACAZX is 0.82, 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
AOFIX vs. ACAZX - Dividend Comparison
AOFIX has not paid dividends to shareholders, while ACAZX's dividend yield for the trailing twelve months is around 9.85%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOFIX Alger Small Cap Focus Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 6.94% | 0.00% | 2.36% | 0.85% | 0.00% | 0.00% | 0.00% |
ACAZX Alger Capital Appreciation Fund Class Z | 9.85% | 8.83% | 23.61% | 6.65% | 4.13% | 22.24% | 14.91% | 7.87% | 11.23% | 6.60% | 0.82% | 8.15% |
Drawdowns
AOFIX vs. ACAZX - Drawdown Comparison
The maximum AOFIX drawdown since its inception was -60.19%, which is greater than ACAZX's maximum drawdown of -47.92%. Use the drawdown chart below to compare losses from any high point for AOFIX and ACAZX.
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Drawdown Indicators
| AOFIX | ACAZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.19% | -47.92% | -12.27% |
Max Drawdown (1Y)Largest decline over 1 year | -19.88% | -18.97% | -0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -55.64% | -47.92% | -7.72% |
Max Drawdown (10Y)Largest decline over 10 years | -60.19% | -47.92% | -12.27% |
Current DrawdownCurrent decline from peak | -43.40% | -15.00% | -28.40% |
Average DrawdownAverage peak-to-trough decline | -19.25% | -8.40% | -10.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.43% | 5.81% | -0.38% |
Volatility
AOFIX vs. ACAZX - Volatility Comparison
Alger Small Cap Focus Fund (AOFIX) has a higher volatility of 11.04% compared to Alger Capital Appreciation Fund Class Z (ACAZX) at 9.11%. This indicates that AOFIX's price experiences larger fluctuations and is considered to be riskier 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
| AOFIX | ACAZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.04% | 9.11% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 19.98% | 16.96% | +3.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.79% | 27.82% | +0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.91% | 28.95% | -1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.15% | 25.35% | +0.80% |