CMNWX vs. ALBAX
Compare and contrast key facts about Principal Capital Appreciation Fund (CMNWX) and Alger Growth & Income Fund (ALBAX).
CMNWX is managed by Principal. It was launched on Nov 24, 1986. ALBAX is managed by Alger. It was launched on Dec 31, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CMNWX or ALBAX.
Performance
CMNWX vs. ALBAX - Performance Comparison
Returns By Period
In the year-to-date period, CMNWX achieves a 28.61% return, which is significantly higher than ALBAX's 21.51% return. Over the past 10 years, CMNWX has underperformed ALBAX with an annualized return of 4.50%, while ALBAX has yielded a comparatively higher 12.32% annualized return.
CMNWX
28.61%
3.94%
13.30%
35.03%
11.44%
4.50%
ALBAX
21.51%
1.43%
9.41%
26.29%
15.00%
12.32%
Key characteristics
| CMNWX | ALBAX | |
|---|---|---|
| Sharpe Ratio | 2.82 | 2.33 |
| Sortino Ratio | 3.79 | 3.13 |
| Omega Ratio | 1.52 | 1.42 |
| Calmar Ratio | 4.05 | 3.40 |
| Martin Ratio | 18.51 | 15.37 |
| Ulcer Index | 1.89% | 1.71% |
| Daily Std Dev | 12.41% | 11.28% |
| Max Drawdown | -57.43% | -40.56% |
| Current Drawdown | -0.34% | -1.00% |
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CMNWX vs. ALBAX - Expense Ratio Comparison
CMNWX has a 0.80% expense ratio, which is lower than ALBAX's 0.98% expense ratio.
Correlation
The correlation between CMNWX and ALBAX is 0.90, 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.
Risk-Adjusted Performance
CMNWX vs. ALBAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Capital Appreciation Fund (CMNWX) and Alger Growth & Income Fund (ALBAX). 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.
Dividends
CMNWX vs. ALBAX - Dividend Comparison
CMNWX's dividend yield for the trailing twelve months is around 0.55%, less than ALBAX's 1.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMNWX Principal Capital Appreciation Fund | 0.55% | 0.71% | 0.69% | 0.43% | 0.78% | 0.93% | 1.62% | 1.01% | 1.07% | 1.19% | 0.92% | 0.76% |
ALBAX Alger Growth & Income Fund | 1.03% | 1.29% | 1.24% | 0.85% | 1.20% | 1.46% | 1.64% | 1.19% | 1.53% | 1.57% | 1.78% | 1.60% |
Drawdowns
CMNWX vs. ALBAX - Drawdown Comparison
The maximum CMNWX drawdown since its inception was -57.43%, which is greater than ALBAX's maximum drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for CMNWX and ALBAX. For additional features, visit the drawdowns tool.
Volatility
CMNWX vs. ALBAX - Volatility Comparison
Principal Capital Appreciation Fund (CMNWX) has a higher volatility of 4.22% compared to Alger Growth & Income Fund (ALBAX) at 3.47%. This indicates that CMNWX's price experiences larger fluctuations and is considered to be riskier than ALBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.