ARGFX vs. CAAPX
Compare and contrast key facts about Ariel Fund (ARGFX) and Ariel Appreciation Fund (CAAPX).
ARGFX is managed by Ariel Investments. It was launched on Nov 6, 1986. CAAPX is managed by Ariel Investments. It was launched on Dec 1, 1989.
Performance
ARGFX vs. CAAPX - Performance Comparison
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ARGFX vs. CAAPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARGFX Ariel Fund | -4.69% | 14.08% | 11.56% | 15.78% | -18.68% | 30.29% | 10.05% | 24.64% | -13.59% | 15.99% |
CAAPX Ariel Appreciation Fund | -1.97% | 11.04% | 6.07% | 10.58% | -12.27% | 25.72% | 7.42% | 24.58% | -13.93% | 15.24% |
Returns By Period
In the year-to-date period, ARGFX achieves a -4.69% return, which is significantly lower than CAAPX's -1.97% return. Over the past 10 years, ARGFX has outperformed CAAPX with an annualized return of 8.99%, while CAAPX has yielded a comparatively lower 7.58% annualized return.
ARGFX
- 1D
- -0.45%
- 1M
- -12.05%
- YTD
- -4.69%
- 6M
- -1.68%
- 1Y
- 18.19%
- 3Y*
- 9.60%
- 5Y*
- 4.48%
- 10Y*
- 8.99%
CAAPX
- 1D
- -0.60%
- 1M
- -11.01%
- YTD
- -1.97%
- 6M
- 0.95%
- 1Y
- 16.97%
- 3Y*
- 7.87%
- 5Y*
- 4.02%
- 10Y*
- 7.58%
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ARGFX vs. CAAPX - Expense Ratio Comparison
ARGFX has a 1.00% expense ratio, which is lower than CAAPX's 1.12% expense ratio.
Return for Risk
ARGFX vs. CAAPX — Risk / Return Rank
ARGFX
CAAPX
ARGFX vs. CAAPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ariel Fund (ARGFX) and Ariel Appreciation Fund (CAAPX). 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.
| ARGFX | CAAPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 0.71 | +0.04 |
Sortino ratioReturn per unit of downside risk | 1.20 | 1.14 | +0.06 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.16 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.01 | 0.93 | +0.08 |
Martin ratioReturn relative to average drawdown | 3.32 | 3.11 | +0.21 |
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
| ARGFX | CAAPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 0.71 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.18 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.34 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.49 | +0.04 |
Correlation
The correlation between ARGFX and CAAPX is 0.93, 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
ARGFX vs. CAAPX - Dividend Comparison
ARGFX's dividend yield for the trailing twelve months is around 12.38%, less than CAAPX's 13.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARGFX Ariel Fund | 12.38% | 11.80% | 5.49% | 5.09% | 9.01% | 5.56% | 5.33% | 5.81% | 10.35% | 6.30% | 6.56% | 16.28% |
CAAPX Ariel Appreciation Fund | 13.12% | 12.86% | 6.11% | 6.31% | 10.51% | 14.21% | 9.85% | 7.58% | 7.37% | 12.53% | 7.88% | 12.05% |
Drawdowns
ARGFX vs. CAAPX - Drawdown Comparison
The maximum ARGFX drawdown since its inception was -71.02%, which is greater than CAAPX's maximum drawdown of -61.92%. Use the drawdown chart below to compare losses from any high point for ARGFX and CAAPX.
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Drawdown Indicators
| ARGFX | CAAPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.02% | -61.92% | -9.10% |
Max Drawdown (1Y)Largest decline over 1 year | -15.50% | -15.96% | +0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -33.00% | -33.40% | +0.40% |
Max Drawdown (10Y)Largest decline over 10 years | -45.29% | -42.58% | -2.71% |
Current DrawdownCurrent decline from peak | -12.36% | -11.66% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -8.47% | -8.08% | -0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.72% | 4.77% | -0.05% |
Volatility
ARGFX vs. CAAPX - Volatility Comparison
Ariel Fund (ARGFX) and Ariel Appreciation Fund (CAAPX) have volatilities of 6.00% and 5.81%, 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
| ARGFX | CAAPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 5.81% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 13.80% | 13.62% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.52% | 24.51% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.29% | 22.18% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.74% | 22.13% | +0.61% |