SPEGX vs. ACAZX
Compare and contrast key facts about Alger Responsible Investing Fund (SPEGX) and Alger Capital Appreciation Fund Class Z (ACAZX).
SPEGX is managed by Alger. It was launched on Dec 4, 2000. ACAZX is managed by Alger. It was launched on Dec 29, 2010.
Performance
SPEGX vs. ACAZX - Performance Comparison
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SPEGX vs. ACAZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPEGX Alger Responsible Investing Fund | -8.12% | 22.09% | 31.46% | 36.73% | -30.82% | 24.12% | 35.83% | 33.90% | -1.63% | 10.44% |
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, SPEGX achieves a -8.12% return, which is significantly higher than ACAZX's -10.36% return. Over the past 10 years, SPEGX has underperformed ACAZX with an annualized return of 12.95%, while ACAZX has yielded a comparatively higher 18.61% annualized return.
SPEGX
- 1D
- 3.84%
- 1M
- -4.65%
- YTD
- -8.12%
- 6M
- -7.08%
- 1Y
- 24.28%
- 3Y*
- 21.31%
- 5Y*
- 10.84%
- 10Y*
- 12.95%
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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SPEGX vs. ACAZX - Expense Ratio Comparison
SPEGX has a 1.27% expense ratio, which is higher than ACAZX's 0.85% expense ratio.
Return for Risk
SPEGX vs. ACAZX — Risk / Return Rank
SPEGX
ACAZX
SPEGX vs. ACAZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Responsible Investing Fund (SPEGX) 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.
| SPEGX | ACAZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 1.22 | -0.14 |
Sortino ratioReturn per unit of downside risk | 1.65 | 1.82 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.74 | 0.00 |
Martin ratioReturn relative to average drawdown | 5.96 | 5.69 | +0.27 |
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
| SPEGX | ACAZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.22 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.55 | -0.05 |
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 | 0.22 | 0.70 | -0.48 |
Correlation
The correlation between SPEGX and ACAZX is 0.97, 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
SPEGX vs. ACAZX - Dividend Comparison
SPEGX's dividend yield for the trailing twelve months is around 9.31%, less than ACAZX's 9.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPEGX Alger Responsible Investing Fund | 9.31% | 8.55% | 8.89% | 2.92% | 0.81% | 8.42% | 7.23% | 7.54% | 7.04% | 0.00% | 0.00% | 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
SPEGX vs. ACAZX - Drawdown Comparison
The maximum SPEGX drawdown since its inception was -67.29%, which is greater than ACAZX's maximum drawdown of -47.92%. Use the drawdown chart below to compare losses from any high point for SPEGX and ACAZX.
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Drawdown Indicators
| SPEGX | ACAZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.29% | -47.92% | -19.37% |
Max Drawdown (1Y)Largest decline over 1 year | -14.24% | -18.97% | +4.73% |
Max Drawdown (5Y)Largest decline over 5 years | -36.33% | -47.92% | +11.59% |
Max Drawdown (10Y)Largest decline over 10 years | -36.33% | -47.92% | +11.59% |
Current DrawdownCurrent decline from peak | -10.95% | -15.00% | +4.05% |
Average DrawdownAverage peak-to-trough decline | -24.66% | -8.40% | -16.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 5.81% | -1.64% |
Volatility
SPEGX vs. ACAZX - Volatility Comparison
The current volatility for Alger Responsible Investing Fund (SPEGX) is 7.15%, while Alger Capital Appreciation Fund Class Z (ACAZX) has a volatility of 9.11%. This indicates that SPEGX 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
| SPEGX | ACAZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.15% | 9.11% | -1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 13.69% | 16.96% | -3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.56% | 27.82% | -4.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.81% | 28.95% | -7.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.65% | 25.35% | -3.70% |