VSMIX vs. ACAZX
Compare and contrast key facts about Vanguard Short-Term Investment-Grade Fund Investor Shares (VSMIX) and Alger Capital Appreciation Fund Class Z (ACAZX).
VSMIX is managed by Vanguard. It was launched on Oct 29, 1982. ACAZX is managed by Alger. It was launched on Dec 29, 2010.
Performance
VSMIX vs. ACAZX - Performance Comparison
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VSMIX vs. ACAZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSMIX Vanguard Short-Term Investment-Grade Fund Investor Shares | 9.86% | 18.01% | 24.82% | 23.14% | 4.58% | 36.67% | 11.14% | 32.32% | -25.45% | 18.47% |
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, VSMIX achieves a 9.86% return, which is significantly higher than ACAZX's -10.36% return. Over the past 10 years, VSMIX has underperformed ACAZX with an annualized return of 15.92%, while ACAZX has yielded a comparatively higher 18.61% annualized return.
VSMIX
- 1D
- 3.04%
- 1M
- -8.70%
- YTD
- 9.86%
- 6M
- 16.33%
- 1Y
- 37.85%
- 3Y*
- 25.93%
- 5Y*
- 17.87%
- 10Y*
- 15.92%
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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VSMIX vs. ACAZX - Expense Ratio Comparison
VSMIX has a 0.20% expense ratio, which is lower than ACAZX's 0.85% expense ratio.
Return for Risk
VSMIX vs. ACAZX — Risk / Return Rank
VSMIX
ACAZX
VSMIX vs. ACAZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Investment-Grade Fund Investor Shares (VSMIX) 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.
| VSMIX | ACAZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | 1.22 | +0.25 |
Sortino ratioReturn per unit of downside risk | 2.00 | 1.82 | +0.18 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.25 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.04 | 1.74 | +0.30 |
Martin ratioReturn relative to average drawdown | 7.86 | 5.69 | +2.16 |
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
| VSMIX | ACAZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 1.22 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.55 | +0.23 |
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 | 0.45 | 0.70 | -0.25 |
Correlation
The correlation between VSMIX and ACAZX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
VSMIX vs. ACAZX - Dividend Comparison
VSMIX's dividend yield for the trailing twelve months is around 7.77%, less than ACAZX's 9.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSMIX Vanguard Short-Term Investment-Grade Fund Investor Shares | 7.77% | 8.53% | 7.40% | 4.71% | 9.53% | 15.84% | 0.40% | 2.37% | 26.83% | 15.94% | 1.65% | 10.91% |
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
VSMIX vs. ACAZX - Drawdown Comparison
The maximum VSMIX drawdown since its inception was -57.53%, which is greater than ACAZX's maximum drawdown of -47.92%. Use the drawdown chart below to compare losses from any high point for VSMIX and ACAZX.
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Drawdown Indicators
| VSMIX | ACAZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.53% | -47.92% | -9.61% |
Max Drawdown (1Y)Largest decline over 1 year | -16.58% | -18.97% | +2.39% |
Max Drawdown (5Y)Largest decline over 5 years | -25.26% | -47.92% | +22.66% |
Max Drawdown (10Y)Largest decline over 10 years | -57.53% | -47.92% | -9.61% |
Current DrawdownCurrent decline from peak | -8.70% | -15.00% | +6.30% |
Average DrawdownAverage peak-to-trough decline | -9.58% | -8.40% | -1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.31% | 5.81% | -1.50% |
Volatility
VSMIX vs. ACAZX - Volatility Comparison
Vanguard Short-Term Investment-Grade Fund Investor Shares (VSMIX) and Alger Capital Appreciation Fund Class Z (ACAZX) have volatilities of 8.82% and 9.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSMIX | ACAZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.82% | 9.11% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 16.84% | 16.96% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.90% | 27.82% | -1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.17% | 28.95% | -5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.70% | 25.35% | +1.35% |