SPEDX vs. ACAZX
Compare and contrast key facts about Alger Dynamic Opportunities Fund (SPEDX) and Alger Capital Appreciation Fund Class Z (ACAZX).
SPEDX is managed by Alger. It was launched on Nov 1, 2009. ACAZX is managed by Alger. It was launched on Dec 29, 2010.
Performance
SPEDX vs. ACAZX - Performance Comparison
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SPEDX vs. ACAZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPEDX Alger Dynamic Opportunities Fund | -6.41% | 6.22% | 23.03% | 4.24% | -13.90% | 3.96% | 47.30% | 12.79% | -2.32% | 9.46% |
ACAZX Alger Capital Appreciation Fund Class Z | -10.36% | 31.33% | 69.38% | 43.53% | -36.63% | 18.48% | 42.23% | 33.63% | -0.61% | 31.78% |
Returns By Period
In the year-to-date period, SPEDX achieves a -6.41% return, which is significantly higher than ACAZX's -10.36% return. Over the past 10 years, SPEDX has underperformed ACAZX with an annualized return of 7.60%, while ACAZX has yielded a comparatively higher 18.61% annualized return.
SPEDX
- 1D
- 0.88%
- 1M
- -1.33%
- YTD
- -6.41%
- 6M
- -7.69%
- 1Y
- 4.68%
- 3Y*
- 8.59%
- 5Y*
- 1.72%
- 10Y*
- 7.60%
ACAZX
- 1D
- 4.90%
- 1M
- -4.85%
- YTD
- -10.36%
- 6M
- -11.71%
- 1Y
- 31.90%
- 3Y*
- 36.05%
- 5Y*
- 15.79%
- 10Y*
- 18.61%
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SPEDX vs. ACAZX - Expense Ratio Comparison
SPEDX has a 0.91% expense ratio, which is higher than ACAZX's 0.85% expense ratio.
Return for Risk
SPEDX vs. ACAZX — Risk / Return Rank
SPEDX
ACAZX
SPEDX vs. ACAZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Dynamic Opportunities Fund (SPEDX) and Alger Capital Appreciation Fund Class Z (ACAZX). 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.
| SPEDX | ACAZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.48 | 1.22 | -0.74 |
Sortino ratioReturn per unit of downside risk | 0.72 | 1.82 | -1.10 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.25 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.54 | 1.74 | -1.20 |
Martin ratioReturn relative to average drawdown | 1.64 | 5.69 | -4.05 |
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
| SPEDX | ACAZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 1.22 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.55 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.74 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.70 | -0.22 |
Correlation
The correlation between SPEDX and ACAZX is 0.84, 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
SPEDX vs. ACAZX - Dividend Comparison
SPEDX's dividend yield for the trailing twelve months is around 0.10%, less than ACAZX's 9.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPEDX Alger Dynamic Opportunities Fund | 0.10% | 0.09% | 0.00% | 0.00% | 0.00% | 5.69% | 4.94% | 3.75% | 1.92% | 0.00% | 0.32% | 0.00% |
ACAZX Alger Capital Appreciation Fund Class Z | 9.85% | 8.83% | 23.61% | 6.65% | 4.13% | 22.24% | 14.91% | 7.87% | 11.23% | 6.60% | 0.82% | 8.15% |
Drawdowns
SPEDX vs. ACAZX - Drawdown Comparison
The maximum SPEDX drawdown since its inception was -29.02%, smaller than the maximum ACAZX drawdown of -47.92%. Use the drawdown chart below to compare losses from any high point for SPEDX and ACAZX.
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Drawdown Indicators
| SPEDX | ACAZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.02% | -47.92% | +18.90% |
Max Drawdown (1Y)Largest decline over 1 year | -9.18% | -18.97% | +9.79% |
Max Drawdown (5Y)Largest decline over 5 years | -29.02% | -47.92% | +18.90% |
Max Drawdown (10Y)Largest decline over 10 years | -29.02% | -47.92% | +18.90% |
Current DrawdownCurrent decline from peak | -8.39% | -15.00% | +6.61% |
Average DrawdownAverage peak-to-trough decline | -7.00% | -8.40% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 5.81% | -2.77% |
Volatility
SPEDX vs. ACAZX - Volatility Comparison
The current volatility for Alger Dynamic Opportunities Fund (SPEDX) is 2.82%, while Alger Capital Appreciation Fund Class Z (ACAZX) has a volatility of 9.11%. This indicates that SPEDX experiences smaller price fluctuations and is considered to be less risky than ACAZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPEDX | ACAZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 9.11% | -6.29% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 16.96% | -9.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.44% | 27.82% | -17.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.00% | 28.95% | -16.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.78% | 25.35% | -12.57% |