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
| Issuer | Alger |
|---|---|
| Inception Date | Apr 4, 2024 |
| Category | Technology Equities |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Equity |
Expense Ratio
ALAI features an expense ratio of 0.55%, falling within the medium range.
Share Price Chart
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Popular comparisons: ALAI vs. TRFM
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
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 17.79% |
| 1 month | 1.00% | 0.18% |
| 6 months | N/A | 7.53% |
| 1 year | N/A | 26.42% |
| 5 years (annualized) | N/A | 13.48% |
| 10 years (annualized) | N/A | 10.85% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -5.06% | 8.26% | 7.43% | -3.83% | 2.97% | 11.00% |
Risk-Adjusted Performance
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.
Not enough dataDividends
Dividend History
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 15.99%, occurring on Aug 5, 2024. The portfolio has not yet recovered.
The current Alger AI Enablers & Adopters ETF drawdown is 4.11%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.99% | Jul 11, 2024 | 18 | Aug 5, 2024 | — | — | — |
| -8.76% | Apr 12, 2024 | 6 | Apr 19, 2024 | 17 | May 14, 2024 | 23 |
| -3.07% | May 29, 2024 | 3 | May 31, 2024 | 3 | Jun 5, 2024 | 6 |
| -2.89% | Jun 20, 2024 | 3 | Jun 24, 2024 | 7 | Jul 3, 2024 | 10 |
| -0.93% | May 16, 2024 | 2 | May 17, 2024 | 2 | May 21, 2024 | 4 |
Volatility
Volatility Chart
The current Alger AI Enablers & Adopters ETF volatility is 7.44%, 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.