FTQGX vs. ACAYX
Compare and contrast key facts about Fidelity Focused Stock Fund (FTQGX) and Alger Capital Appreciation Institutional Fund Class Y (ACAYX).
FTQGX is managed by Fidelity. It was launched on Nov 12, 1996. ACAYX is managed by Alger. It was launched on Feb 28, 2017.
Performance
FTQGX vs. ACAYX - Performance Comparison
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FTQGX vs. ACAYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTQGX Fidelity Focused Stock Fund | -3.60% | 13.65% | 36.95% | 28.94% | -26.68% | 26.91% | 33.41% | 31.44% | 4.90% | 19.94% |
ACAYX Alger Capital Appreciation Institutional Fund Class Y | -10.06% | 32.26% | 70.32% | 43.39% | -36.58% | 18.80% | 42.01% | 33.67% | -0.38% | 18.92% |
Returns By Period
In the year-to-date period, FTQGX achieves a -3.60% return, which is significantly higher than ACAYX's -10.06% return.
FTQGX
- 1D
- 4.49%
- 1M
- -6.47%
- YTD
- -3.60%
- 6M
- -2.07%
- 1Y
- 22.91%
- 3Y*
- 22.32%
- 5Y*
- 11.62%
- 10Y*
- 16.07%
ACAYX
- 1D
- 4.94%
- 1M
- -4.87%
- YTD
- -10.06%
- 6M
- -11.16%
- 1Y
- 33.24%
- 3Y*
- 36.74%
- 5Y*
- 16.18%
- 10Y*
- —
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FTQGX vs. ACAYX - Expense Ratio Comparison
FTQGX has a 0.86% expense ratio, which is higher than ACAYX's 0.83% expense ratio.
Return for Risk
FTQGX vs. ACAYX — Risk / Return Rank
FTQGX
ACAYX
FTQGX vs. ACAYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Focused Stock Fund (FTQGX) and Alger Capital Appreciation Institutional Fund Class Y (ACAYX). 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.
| FTQGX | ACAYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 1.26 | -0.26 |
Sortino ratioReturn per unit of downside risk | 1.50 | 1.87 | -0.37 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.25 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.86 | -0.02 |
Martin ratioReturn relative to average drawdown | 6.63 | 6.18 | +0.45 |
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
| FTQGX | ACAYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 1.26 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.58 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.74 | -0.28 |
Correlation
The correlation between FTQGX and ACAYX 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
FTQGX vs. ACAYX - Dividend Comparison
FTQGX's dividend yield for the trailing twelve months is around 12.91%, more than ACAYX's 7.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTQGX Fidelity Focused Stock Fund | 12.91% | 12.44% | 9.94% | 0.61% | 7.96% | 13.53% | 11.41% | 5.07% | 14.71% | 5.89% | 1.08% | 5.91% |
ACAYX Alger Capital Appreciation Institutional Fund Class Y | 7.39% | 6.64% | 24.81% | 7.76% | 3.77% | 18.85% | 16.28% | 10.19% | 12.28% | 6.73% | 0.00% | 0.00% |
Drawdowns
FTQGX vs. ACAYX - Drawdown Comparison
The maximum FTQGX drawdown since its inception was -61.29%, which is greater than ACAYX's maximum drawdown of -46.37%. Use the drawdown chart below to compare losses from any high point for FTQGX and ACAYX.
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Drawdown Indicators
| FTQGX | ACAYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.29% | -46.37% | -14.92% |
Max Drawdown (1Y)Largest decline over 1 year | -12.76% | -18.50% | +5.74% |
Max Drawdown (5Y)Largest decline over 5 years | -32.31% | -46.37% | +14.06% |
Max Drawdown (10Y)Largest decline over 10 years | -32.31% | — | — |
Current DrawdownCurrent decline from peak | -8.84% | -14.47% | +5.63% |
Average DrawdownAverage peak-to-trough decline | -14.27% | -10.88% | -3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 5.56% | -2.02% |
Volatility
FTQGX vs. ACAYX - Volatility Comparison
The current volatility for Fidelity Focused Stock Fund (FTQGX) is 8.61%, while Alger Capital Appreciation Institutional Fund Class Y (ACAYX) has a volatility of 9.21%. This indicates that FTQGX experiences smaller price fluctuations and is considered to be less risky than ACAYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTQGX | ACAYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.61% | 9.21% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 15.19% | 17.18% | -1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.74% | 27.95% | -4.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.44% | 28.22% | -6.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.38% | 25.93% | -4.55% |