Alger AI Enablers & Adopters ETF (ALAI)
ALAI is an actively managed ETF by Alger. ALAI launched on Apr 4, 2024 and has a 0.55% expense ratio.
ETF Info
Apr 4, 2024
1x
No Index (Active)
Expense Ratio
ALAI has an expense ratio of 0.55%, placing it in the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Alger AI Enablers & Adopters ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Alger AI Enablers & Adopters ETF had a return of -14.17% year-to-date (YTD) and 13.67% in the last 12 months.
ALAI
-14.17%
-6.15%
-5.71%
13.67%
N/A
N/A
^GSPC (Benchmark)
-8.09%
-4.13%
-7.75%
5.52%
14.25%
10.05%
Monthly Returns
The table below presents the monthly returns of ALAI, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 4.88% | -6.48% | -11.00% | -1.68% | -14.17% | ||||||||
| 2024 | -5.46% | 8.26% | 7.44% | -3.83% | 2.97% | 6.31% | 1.70% | 11.10% | 0.48% | 31.43% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ALAI is 66, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Alger AI Enablers & Adopters ETF (ALAI) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Alger AI Enablers & Adopters ETF provided a 0.77% dividend yield over the last twelve months, with an annual payout of $0.17 per share.
| Period | TTM | 2024 |
|---|---|---|
| Dividend | $0.17 | $0.17 |
Dividend yield | 0.77% | 0.66% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger AI Enablers & Adopters ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
| 2024 | $0.17 | $0.17 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Alger AI Enablers & Adopters ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Alger AI Enablers & Adopters ETF was 29.36%, occurring on Apr 4, 2025. The portfolio has not yet recovered.
The current Alger AI Enablers & Adopters ETF drawdown is 22.51%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -29.36% | Feb 18, 2025 | 34 | Apr 4, 2025 | — | — | — |
| -15.99% | Jul 11, 2024 | 18 | Aug 5, 2024 | 35 | Sep 24, 2024 | 53 |
| -8.76% | Apr 12, 2024 | 6 | Apr 19, 2024 | 17 | May 14, 2024 | 23 |
| -7.56% | Jan 24, 2025 | 2 | Jan 27, 2025 | 13 | Feb 13, 2025 | 15 |
| -5.2% | Dec 9, 2024 | 8 | Dec 18, 2024 | 20 | Jan 21, 2025 | 28 |
Volatility
Volatility Chart
The current Alger AI Enablers & Adopters ETF volatility is 19.57%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.