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ATVPX vs. PRWAX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

ATVPX vs. PRWAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger 35 Fund (ATVPX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX). The values are adjusted to include any dividend payments, if applicable.

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ATVPX vs. PRWAX - Yearly Performance Comparison


2026 (YTD)2025202420232022202120202019
ATVPX
Alger 35 Fund
-12.54%32.51%50.84%31.41%-36.36%10.91%68.05%14.00%
PRWAX
T. Rowe Price All-Cap Opportunities Fund
-12.37%26.78%25.24%29.02%-21.37%20.63%44.73%16.76%

Returns By Period

The year-to-date returns for both investments are quite close, with ATVPX having a -12.54% return and PRWAX slightly higher at -12.37%.


ATVPX

1D
-1.56%
1M
-8.59%
YTD
-12.54%
6M
-14.18%
1Y
36.45%
3Y*
27.70%
5Y*
9.75%
10Y*

PRWAX

1D
-0.24%
1M
-9.15%
YTD
-12.37%
6M
-3.78%
1Y
16.34%
3Y*
18.79%
5Y*
10.36%
10Y*
16.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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ATVPX vs. PRWAX - Expense Ratio Comparison

ATVPX has a 0.55% expense ratio, which is lower than PRWAX's 0.76% expense ratio.


Return for Risk

ATVPX vs. PRWAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ATVPX
ATVPX Risk / Return Rank: 7474
Overall Rank
ATVPX Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
ATVPX Sortino Ratio Rank: 7777
Sortino Ratio Rank
ATVPX Omega Ratio Rank: 6767
Omega Ratio Rank
ATVPX Calmar Ratio Rank: 8080
Calmar Ratio Rank
ATVPX Martin Ratio Rank: 6969
Martin Ratio Rank

PRWAX
PRWAX Risk / Return Rank: 4545
Overall Rank
PRWAX Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
PRWAX Sortino Ratio Rank: 5353
Sortino Ratio Rank
PRWAX Omega Ratio Rank: 5252
Omega Ratio Rank
PRWAX Calmar Ratio Rank: 3939
Calmar Ratio Rank
PRWAX Martin Ratio Rank: 3636
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ATVPX vs. PRWAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger 35 Fund (ATVPX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX). 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.


ATVPXPRWAXDifference

Sharpe ratio

Return per unit of total volatility

1.32

0.87

+0.45

Sortino ratio

Return per unit of downside risk

1.90

1.42

+0.48

Omega ratio

Gain probability vs. loss probability

1.25

1.20

+0.05

Calmar ratio

Return relative to maximum drawdown

1.90

1.02

+0.88

Martin ratio

Return relative to average drawdown

6.60

3.79

+2.81

ATVPX vs. PRWAX - Sharpe Ratio Comparison

The current ATVPX Sharpe Ratio is 1.32, which is higher than the PRWAX Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of ATVPX and PRWAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


ATVPXPRWAXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.32

0.87

+0.45

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.29

0.58

-0.29

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.90

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.59

-0.04

Correlation

The correlation between ATVPX and PRWAX 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

ATVPX vs. PRWAX - Dividend Comparison

ATVPX's dividend yield for the trailing twelve months is around 24.30%, more than PRWAX's 19.01% yield.


TTM20252024202320222021202020192018201720162015
ATVPX
Alger 35 Fund
24.30%21.25%0.00%0.00%0.02%36.00%17.24%0.17%0.00%0.00%0.00%0.00%
PRWAX
T. Rowe Price All-Cap Opportunities Fund
19.01%16.66%9.22%5.10%3.11%20.51%15.44%7.01%12.58%12.30%6.19%8.84%

Drawdowns

ATVPX vs. PRWAX - Drawdown Comparison

The maximum ATVPX drawdown since its inception was -53.35%, roughly equal to the maximum PRWAX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for ATVPX and PRWAX.


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Drawdown Indicators


ATVPXPRWAXDifference

Max Drawdown

Largest peak-to-trough decline

-53.35%

-55.06%

+1.71%

Max Drawdown (1Y)

Largest decline over 1 year

-16.74%

-14.05%

-2.69%

Max Drawdown (5Y)

Largest decline over 5 years

-53.35%

-29.38%

-23.97%

Max Drawdown (10Y)

Largest decline over 10 years

-30.50%

Current Drawdown

Current decline from peak

-16.74%

-14.05%

-2.69%

Average Drawdown

Average peak-to-trough decline

-18.37%

-9.92%

-8.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.83%

3.79%

+1.04%

Volatility

ATVPX vs. PRWAX - Volatility Comparison

Alger 35 Fund (ATVPX) has a higher volatility of 8.16% compared to T. Rowe Price All-Cap Opportunities Fund (PRWAX) at 4.90%. This indicates that ATVPX's price experiences larger fluctuations and is considered to be riskier than PRWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


ATVPXPRWAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.16%

4.90%

+3.26%

Volatility (6M)

Calculated over the trailing 6-month period

17.10%

12.45%

+4.65%

Volatility (1Y)

Calculated over the trailing 1-year period

27.01%

19.42%

+7.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.43%

17.88%

+15.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.92%

18.82%

+13.10%