FCPEX vs. ACAAX
Compare and contrast key facts about Fidelity Small Cap Enhanced Index Fund (FCPEX) and Alger Capital Appreciation Fund (ACAAX).
FCPEX is managed by Fidelity. It was launched on Dec 20, 2007. ACAAX 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: FCPEX or ACAAX.
Key characteristics
| FCPEX | ACAAX |
|---|
Correlation
The correlation between FCPEX and ACAAX is 0.78, 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.
Performance
FCPEX vs. ACAAX - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FCPEX vs. ACAAX - Expense Ratio Comparison
FCPEX has a 0.55% expense ratio, which is lower than ACAAX's 1.15% expense ratio.
Risk-Adjusted Performance
FCPEX vs. ACAAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Enhanced Index Fund (FCPEX) and Alger Capital Appreciation Fund (ACAAX). 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
FCPEX vs. ACAAX - Dividend Comparison
Neither FCPEX nor ACAAX has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCPEX Fidelity Small Cap Enhanced Index Fund | 1.69% | 1.69% | 5.16% | 20.85% | 0.59% | 0.95% | 15.52% | 8.51% | 0.67% | 2.46% | 6.70% | 6.77% |
ACAAX Alger Capital Appreciation Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FCPEX vs. ACAAX - Drawdown Comparison
Volatility
FCPEX vs. ACAAX - Volatility Comparison
The current volatility for Fidelity Small Cap Enhanced Index Fund (FCPEX) is 0.00%, while Alger Capital Appreciation Fund (ACAAX) has a volatility of 5.96%. This indicates that FCPEX experiences smaller price fluctuations and is considered to be less risky than ACAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.