Correlation
The correlation between WSTCX and ALARX is 0.85, 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.
WSTCX vs. ALARX
Compare and contrast key facts about Delaware Ivy Science and Technology Fund (WSTCX) and Alger Capital Appreciation Institutional Fund (ALARX).
WSTCX is managed by Ivy Funds. It was launched on Jul 30, 1997. ALARX is managed by Alger. It was launched on Nov 8, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WSTCX or ALARX.
Performance
WSTCX vs. ALARX - Performance Comparison
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Key characteristics
WSTCX:
0.64
ALARX:
0.98
WSTCX:
0.97
ALARX:
1.36
WSTCX:
1.13
ALARX:
1.19
WSTCX:
0.63
ALARX:
0.98
WSTCX:
1.99
ALARX:
3.02
WSTCX:
8.65%
ALARX:
8.99%
WSTCX:
30.94%
ALARX:
30.60%
WSTCX:
-70.51%
ALARX:
-69.26%
WSTCX:
-3.36%
ALARX:
-3.29%
Returns By Period
In the year-to-date period, WSTCX achieves a 5.71% return, which is significantly higher than ALARX's 4.94% return. Over the past 10 years, WSTCX has underperformed ALARX with an annualized return of 12.56%, while ALARX has yielded a comparatively higher 15.07% annualized return.
WSTCX
5.71%
9.03%
3.56%
19.67%
19.25%
13.86%
12.56%
ALARX
4.94%
11.18%
3.96%
29.84%
25.06%
16.47%
15.07%
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WSTCX vs. ALARX - Expense Ratio Comparison
WSTCX has a 2.14% expense ratio, which is higher than ALARX's 1.12% expense ratio.
Risk-Adjusted Performance
WSTCX vs. ALARX — Risk-Adjusted Performance Rank
WSTCX
ALARX
WSTCX vs. ALARX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Science and Technology Fund (WSTCX) and Alger Capital Appreciation Institutional Fund (ALARX). 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.
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Dividends
WSTCX vs. ALARX - Dividend Comparison
WSTCX's dividend yield for the trailing twelve months is around 38.67%, more than ALARX's 12.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WSTCX Delaware Ivy Science and Technology Fund | 38.67% | 40.88% | 21.98% | 57.60% | 61.50% | 11.27% | 13.85% | 16.72% | 7.61% | 0.00% | 2.85% | 2.46% |
ALARX Alger Capital Appreciation Institutional Fund | 12.44% | 13.06% | 8.09% | 3.90% | 19.41% | 16.61% | 10.34% | 12.39% | 6.75% | 0.74% | 7.71% | 12.31% |
Drawdowns
WSTCX vs. ALARX - Drawdown Comparison
The maximum WSTCX drawdown since its inception was -70.51%, roughly equal to the maximum ALARX drawdown of -69.26%. Use the drawdown chart below to compare losses from any high point for WSTCX and ALARX.
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Volatility
WSTCX vs. ALARX - Volatility Comparison
Delaware Ivy Science and Technology Fund (WSTCX) has a higher volatility of 7.03% compared to Alger Capital Appreciation Institutional Fund (ALARX) at 6.66%. This indicates that WSTCX's price experiences larger fluctuations and is considered to be riskier than ALARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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