ATVPX vs. CHAIX

Last updated Aug 1, 2026

ATVPX (Alger 35 Fund) and CHAIX (Chase Growth Fund Institutional Class) are both Large Cap Growth Equities funds. Over the past 5 years, ATVPX returned 12.36%/yr vs 16.79%/yr for CHAIX. Their correlation of 0.86 means they have usually moved in the same direction. ATVPX charges 0.55%/yr vs 1.00%/yr for CHAIX.

Performance

ATVPX vs. CHAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger 35 Fund (ATVPX) and Chase Growth Fund Institutional Class (CHAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ATVPX achieves a 10.89% return, which is significantly lower than CHAIX's 22.42% return.

ATVPX

• 1D: 5.84%
• 1M: -3.96%
• 6M: 13.04%
• YTD: 10.89%
• 1Y: 27.03%
• 3Y*: 33.42%
• 5Y*: 12.36%
• 10Y*: —
• ALL TIME*: 20.43%

CHAIX

• 1D: 2.62%
• 1M: -0.74%
• 6M: 18.58%
• YTD: 22.42%
• 1Y: 37.43%
• 3Y*: 30.19%
• 5Y*: 16.79%
• 10Y*: 17.48%
• ALL TIME*: 11.73%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ATVPX Alger 35 Fund	$0.00	$0.00	$0.00
CHAIX Chase Growth Fund Institutional Class	$0.00	$0.00	$0.00

ATVPX vs. CHAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ATVPX Alger 35 Fund	10.89%	32.51%	50.84%	31.41%	-36.36%	10.91%	68.05%	14.00%
CHAIX Chase Growth Fund Institutional Class	22.42%	20.67%	38.77%	26.00%	-20.32%	22.36%	18.41%	27.79%

Correlation

The correlation between ATVPX and CHAIX is 0.80, 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.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.85
Correlation (5Y) Shows whether the relationship held over a longer period.	0.85
Correlation (All Time) Calculated using the full available price history since Mar 15, 2019	0.86

The correlation between ATVPX and CHAIX has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.

Return for Risk

ATVPX vs. CHAIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ATVPX

ATVPX Risk / Return Rank: 30
ATVPX Sharpe Ratio Rank: 29
ATVPX Sortino Ratio Rank: 29
ATVPX Omega Ratio Rank: 29
ATVPX Calmar Ratio Rank: 34
ATVPX Martin Ratio Rank: 31

CHAIX

CHAIX Risk / Return Rank: 80
CHAIX Sharpe Ratio Rank: 76
CHAIX Sortino Ratio Rank: 72
CHAIX Omega Ratio Rank: 69
CHAIX Calmar Ratio Rank: 91
CHAIX Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ATVPX vs. CHAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger 35 Fund (ATVPX) 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.

	ATVPX	CHAIX	Difference
Sharpe ratio: Return per unit of total volatility	0.99	1.81	-0.82
Sortino ratio: Return per unit of downside risk	1.46	2.48	-1.01
Omega ratio: Gain probability vs. loss probability	1.18	1.31	-0.13
Calmar ratio: Return relative to maximum drawdown	1.51	3.53	-2.02
Martin ratio: Return relative to average drawdown	4.58	13.85	-9.27

ATVPX vs. CHAIX - Sharpe Ratio Comparison

The current ATVPX Sharpe Ratio is 0.99, which is lower than the CHAIX Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of ATVPX and CHAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ATVPX vs. CHAIX - Drawdown Comparison

The maximum ATVPX drawdown since its inception was -53.35%, which is greater than CHAIX's maximum drawdown of -50.61%. Use the drawdown chart below to compare losses from any high point for ATVPX and CHAIX.

Drawdown Indicators

	ATVPX	CHAIX	Difference
Max Drawdown Largest peak-to-trough decline	-53.35%	-50.61%	-2.74%
Max Drawdown (1Y) Largest decline over 1 year	-16.74%	-9.86%	-6.88%
Max Drawdown (3Y) Largest decline over 3 years	-28.19%	-23.40%	-4.79%
Max Drawdown (5Y) Largest decline over 5 years	-53.35%	-24.58%	-28.77%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.36%	—
Current Drawdown Current decline from peak	-8.95%	-3.76%	-5.19%
Average Drawdown Average peak-to-trough decline	-17.70%	-10.33%	-7.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.49%	2.51%	+2.98%

Volatility

ATVPX vs. CHAIX - Volatility Comparison

Alger 35 Fund (ATVPX) has a higher volatility of 10.17% compared to Chase Growth Fund Institutional Class (CHAIX) at 6.41%. This indicates that ATVPX'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.

Volatility by Period

	ATVPX	CHAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.17%	6.41%	+3.76%
Volatility (6M) Calculated over the trailing 6-month period	20.66%	15.32%	+5.34%
Volatility (1Y) Calculated over the trailing 1-year period	25.59%	19.27%	+6.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.96%	18.88%	+15.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.81%	19.18%	+12.63%

ATVPX vs. CHAIX - Expense Ratio Comparison

ATVPX has a 0.55% expense ratio, which is lower than CHAIX's 1.00% expense ratio.

Dividends

ATVPX vs. CHAIX - Dividend Comparison

ATVPX's dividend yield for the trailing twelve months is around 19.16%, more than CHAIX's 6.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ATVPX Alger 35 Fund	19.16%	21.25%	0.00%	0.00%	0.02%	36.00%	17.24%	0.17%	0.00%	0.00%	0.00%	0.00%
CHAIX Chase Growth Fund Institutional Class	6.70%	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

Can I hold both ATVPX and CHAIX in my portfolio?

ATVPX and CHAIX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ATVPX or CHAIX?

ATVPX has higher volatility (10.17%) compared to CHAIX (6.41%). In terms of maximum drawdown, ATVPX dropped -53.35% vs CHAIX's -50.61%.

Which has better risk-adjusted returns?

CHAIX currently has the higher Sharpe Ratio (1.81 vs 0.99), 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.