- Issuer
- Alger
- Inception Date
- Apr 4, 2024
- Category
- Technology Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Assets Under Management
- $304M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
ALAI Performance Chart
Alger AI Enablers & Adopters ETF (ALAI) is up 27.2% since the beginning of the year. ALAI is currently trading at $46 per share.
Loading charts...
Returns By Period
Alger AI Enablers & Adopters ETF (ALAI) has returned 27.17% so far this year and 63.92% over the past 12 months.
Alger AI Enablers & Adopters ETF
- 1D
- -1.25%
- 1M
- 13.53%
- YTD
- 27.17%
- 6M
- 26.74%
- 1Y
- 63.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
ALAI Monthly Returns History
Based on dividend-adjusted daily data since Apr 5, 2024, ALAI's average daily return is +0.17%, while the average monthly return is +3.46%. At this rate, an investment would double in approximately 1.7 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2026 with a return of +19.2%, 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 58% 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% | 19.22% | 16.00% | 0.50% | 27.17% | ||||||
| 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 15.62%, beta of 1.56, and R2 of 0.77 versus S&P 500 Index. Calculated based on daily prices since April 08, 2024.
- This ETF captured 232.46% of S&P 500 Index gains and 119.66% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF generated an annualized alpha of 15.62% 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
- 15.62%
- Beta
- 1.56
- R²
- 0.77
- Upside Capture
- 232.46%
- Downside Capture
- 119.66%
Expense Ratio
ALAI has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ALAI ranks 71 for risk / return — better than 71% 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 S&P 500 Index.
| ALAI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.41 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 2.93 | +0.37 |
| Martin ratioReturn relative to average drawdown | 10.58 | 13.52 | -2.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Alger AI Enablers & Adopters ETF provided a 1.18% 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 | 1.18% | 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 | $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.
Loading charts...
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 1.69%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -29.36%Apr 2025 | 1mo 15d | 2mo 8d | 3mo 23dFeb 2025 - Jun 2025 |
2026 correction2026 | -19.48%Mar 2026 | 5mo 1d | 18d | 5mo 19dOct 2025 - Apr 2026 |
2024 correction2024 | -15.99%Aug 2024 | 25d | 1mo 20d | 2mo 15dJul 2024 - Sep 2024 |
2024 pullback2024 | -8.76%Apr 2024 | 7d | 25d | 1mo 2dApr 2024 - May 2024 |
2025 pullback2025 | -7.56%Jan 2025 | 3d | 17d | 20dJan 2025 - Feb 2025 |
Drawdown Indicators
| ALAI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.36% | -56.78% | +27.42% |
Max Drawdown (1Y)Largest decline over 1 year | -19.48% | -9.10% | -10.38% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.69% | -0.74% | -0.95% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -10.72% | +5.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.06% | 1.97% | +4.09% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with ALAI
Add Alger AI Enablers & Adopters ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with ALAI