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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.
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Returns By Period
Alger AI Enablers & Adopters ETF (ALAI) has returned -8.50% so far this year and 46.54% over the past 12 months.
Alger AI Enablers & Adopters ETF
- 1D
- 6.27%
- 1M
- -3.43%
- YTD
- -8.50%
- 6M
- -10.52%
- 1Y
- 46.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Apr 5, 2024, ALAI's average daily return is +0.12%, while the average monthly return is +2.40%. At this rate, your investment would double in approximately 2.4 years.
Historically, 63% of months were positive and 38% were negative. The best month was May 2025 with a return of +17.1%, while the worst month was Mar 2025 at -11.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, ALAI closed higher 57% of trading days. The best single day was Apr 9, 2025 with a return of +14.2%, while the worst single day was Apr 3, 2025 at -7.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.72% | -4.56% | -3.43% | -8.50% | |||||||||
| 2025 | 4.88% | -6.48% | -11.00% | 3.64% | 17.08% | 11.04% | 7.52% | 1.73% | 11.13% | 2.72% | -4.31% | -0.51% | 39.81% |
| 2024 | -5.46% | 8.26% | 7.44% | -3.83% | 2.97% | 6.31% | 1.70% | 11.10% | 0.48% | 31.43% |
Benchmark Metrics
Alger AI Enablers & Adopters ETF has an annualized alpha of 11.12%, beta of 1.56, and R² of 0.78 versus S&P 500 Index. Calculated based on daily prices since April 08, 2024.
- This ETF captured 209.71% of S&P 500 Index gains and 122.92% of its losses — amplifying both gains and losses, but participating more in upside than downside.
- This ETF generated an annualized alpha of 11.12% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- Beta of 1.56 means this ETF moves significantly more than S&P 500 Index — expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- 11.12%
- Beta
- 1.56
- R²
- 0.78
- Upside Capture
- 209.71%
- Downside Capture
- 122.92%
Expense Ratio
ALAI has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ALAI ranks 77 for risk / return — better than 77% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Alger AI Enablers & Adopters ETF (ALAI) and compare them to a chosen benchmark (S&P 500 Index).
| ALAI | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.53 | 0.90 | +0.64 |
Sortino ratioReturn per unit of downside risk | 2.17 | 1.39 | +0.79 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.21 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.33 | 1.40 | +0.93 |
Martin ratioReturn relative to average drawdown | 7.44 | 6.61 | +0.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore ALAI risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Alger AI Enablers & Adopters ETF provided a 1.64% dividend yield over the last twelve months, with an annual payout of $0.54 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.54 | $0.54 | $0.17 |
Dividend yield | 1.64% | 1.50% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.54 |
| 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.
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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. Recovery took 46 trading sessions.
The current Alger AI Enablers & Adopters ETF drawdown is 14.43%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -29.36% | Feb 18, 2025 | 34 | Apr 4, 2025 | 46 | Jun 11, 2025 | 80 |
| -19.48% | Oct 30, 2025 | 103 | Mar 30, 2026 | — | — | — |
| -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 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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