Alger AI Enablers & Adopters Z (AAIZX) belongs to the Technology Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with AAIZX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to AAIZX
AAIZX charges 0.55% annually. There are 3 mutual funds in the Technology Equities category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Information Technology Index Fund Admiral... | 0.09% | 170.10B | Mar 2004 | AAIZX vs VITAX | |
| Vanguard Communication Services Index Fund Admiral... | 0.10% | 6.30B | Mar 2005 | AAIZX vs VTCAX | |
| Franklin DynaTech Fund Class R6 | 0.48% | — | Jun 2013 | AAIZX vs FDTRX | |
| Fidelity Advisor Technology Fund Class Z | 0.59% | — | Oct 2018 | AAIZX vs FIKHX | |
| Putnam Global Technology Fund | 0.62% | — | Dec 2008 | AAIZX vs PGTYX |
Best Risk-Adjusted Alternatives to AAIZX
AAIZX has a PortfoliosLab risk / return rank of 69. There are 23 mutual funds in the Technology Equities category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| ARK Venture Fund | 99 | — | Sep 2022 | AAIZX vs ARKVX | |
| Fidelity Select Tech Hardware Portfolio | 97 | — | Jul 1985 | AAIZX vs FDCPX | |
| Columbia Seligman Technology and Information Fund ... | 95 | — | Jun 1983 | AAIZX vs CCOYX | |
| Columbia Seligman Technology and Information Fund ... | 95 | — | Nov 2001 | AAIZX vs SCMIX | |
| Columbia Seligman Technology and Information Fund | 95 | — | Jun 1983 | AAIZX vs SLMCX |
Top Performing AAIZX Alternatives (YTD)
AAIZX is at 24.39% YTD. There are 47 mutual funds in the Technology Equities category with higher YTD returns, going as high as 77.50%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Select Tech Hardware Portfolio | 77.50% | — | Jul 1985 | AAIZX vs FDCPX | |
| Rydex Electronics Fund | 76.81% | — | Mar 1998 | AAIZX vs RYSIX | |
| Fidelity Select Semiconductors Portfolio | 69.51% | — | Jul 1985 | AAIZX vs FSELX | |
| Fidelity Advisor Semiconductors Fund Class Z | 69.50% | — | Oct 2018 | AAIZX vs FIKGX | |
| Fidelity Advisor Semiconductors Fund Class I | 69.40% | — | Dec 2000 | AAIZX vs FELIX |
Lowest Volatility Alternatives to AAIZX
AAIZX has 24.45% 1-year volatility. There are 24 mutual funds in the Technology Equities category with lower 1-year volatility, going as low as 14.43%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Gabelli Global Content & Connectivity Fund Class I | 14.43% | — | Nov 1993 | AAIZX vs GTTIX | |
| Towpath Technology Fund | 15.56% | — | Feb 2021 | AAIZX vs TOWTX | |
| Vanguard Communication Services Index Fund Admiral... | 16.07% | 6.30B | Mar 2005 | AAIZX vs VTCAX | |
| Saratoga Technology & Communications Portfolio | 17.86% | — | Oct 1997 | AAIZX vs STPAX | |
| Virtus Artificial Intelligence & Technology Opport... | 19.16% | — | Oct 2019 | AAIZX vs AIO |
Lowest Drawdown Alternatives to AAIZX
AAIZX has a 1-year max drawdown of -17.47%. There are 46 mutual funds in the Technology Equities category with shallower 1-year drawdowns, going as shallow as -8.14%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ARK Venture Fund | -8.14% | — | Sep 2022 | AAIZX vs ARKVX | |
| Gabelli Global Content & Connectivity Fund Class I | -9.08% | — | Nov 1993 | AAIZX vs GTTIX | |
| Nationwide NYSE Arca Tech 100 Index Fund | -10.18% | — | Jun 1996 | AAIZX vs NWJCX | |
| Black Oak Emerging Technology Fund | -11.04% | — | Dec 2000 | AAIZX vs BOGSX | |
| Virtus Artificial Intelligence & Technology Opport... | -11.42% | — | Oct 2019 | AAIZX vs AIO |
Other Mutual Funds from Alger
The 10 most viewed Alger mutual funds shown here include ALGRX, ALAFX, ACAAX and span 3 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Alger Focus Equity Fund Class I | Large Cap Growth Equities | 49 | 14.70% | — | Nov 1993 | AAIZX vs ALGRX | |
| Alger Focus Equity A Fund | Large Cap Growth Equities | 49 | 14.69% | — | Nov 1993 | AAIZX vs ALAFX | |
| Alger Capital Appreciation Fund | Large Cap Growth Equities | 33 | 12.47% | — | Dec 1996 | AAIZX vs ACAAX | |
| Alger Growth & Income Fund | Large Cap Blend Equities | 85 | 13.41% | — | Dec 1996 | AAIZX vs ALBAX | |
| Alger Large Cap Growth Portfolio Fund | Large Cap Growth Equities | 43 | 20.43% | — | Jan 1989 | AAIZX vs AAGOX | |
| Alger Capital Appreciation Portfolio | Large Cap Growth Equities | 35 | 12.36% | — | Jan 1995 | AAIZX vs ALVOX | |
| Alger Capital Appreciation Institutional Fund | Large Cap Growth Equities | 37 | 14.06% | — | Nov 1993 | AAIZX vs ALARX | |
| Alger Spectra Fund | Large Cap Growth Equities | 24 | 9.96% | — | Jul 1969 | AAIZX vs SPECX | |
| Alger Capital Appreciation Fund Class Z | Large Cap Growth Equities | 33 | 12.71% | — | Dec 2010 | AAIZX vs ACAZX | |
| Alger Weatherbie Specialized Growth Fund | Small Cap Growth Equities | 10 | 8.54% | — | May 2002 | AAIZX vs ALMAX |
Often Compared With AAIZX
Investors most often compare AAIZX with TRFK, FSPTX, RYTIX. These 20 comparison targets span 1 categories, based on PortfoliosLab usage data.
Compare AAIZX with Any Fund or Stock
Compare AAIZX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair AAIZX with funds that move differently
Alger AI Enablers & Adopters Z alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AAIZX.
Explore AAIZX Diversifiers