- 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
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Performance
ALAI Performance Chart
Alger AI Enablers & Adopters ETF (ALAI) is up 22.2% since the beginning of the year. ALAI is currently trading at $44 per share.
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Returns By Period
Alger AI Enablers & Adopters ETF (ALAI) has returned 22.18% so far this year and 49.90% over the past 12 months.
Alger AI Enablers & Adopters ETF
- 1D
- -1.34%
- 1M
- 1.26%
- YTD
- 22.18%
- 6M
- 19.23%
- 1Y
- 49.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.10%
- 1M
- -1.54%
- YTD
- 7.49%
- 6M
- 6.15%
- 1Y
- 20.78%
- 3Y*
- 19.17%
- 5Y*
- 11.44%
- 10Y*
- 13.70%
ALAI Monthly Returns History
Based on dividend-adjusted daily data since Apr 5, 2024, ALAI's average daily return is +0.16%, while the average monthly return is +3.34%. At this rate, an investment would double in approximately 1.8 years.
Historically, 63% of months were positive and 37% 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% | -3.44% | 22.18% | ||||||
| 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 | -4.78% | 8.26% | 7.44% | -3.83% | 2.97% | 6.31% | 1.70% | 11.10% | 0.48% | 32.38% |
Benchmark Metrics
Alger AI Enablers & Adopters ETF has an annualized alpha of 14.55%, beta of 1.58, and R2 of 0.77 versus S&P 500 Index. Calculated based on daily prices since April 05, 2024.
- This ETF captured 232.46% of S&P 500 Index gains and 124.39% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF generated an annualized alpha of 14.55% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 1.58 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- 14.55%
- Beta
- 1.58
- R²
- 0.77
- Upside Capture
- 232.46%
- Downside Capture
- 124.39%
Expense Ratio
ALAI has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ALAI ranks 59 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ALAI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.30 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 2.29 | +0.28 |
| Martin ratioReturn relative to average drawdown | 8.07 | 10.15 | -2.08 |
Dividends
Dividend History
Alger AI Enablers & Adopters ETF provided a 1.23% 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 | 1.23% | 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.
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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 5.63%.
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 |
2026 correction2026 | -10.43%Jun 2026 | 8d | 8d | 16dJun 2026 - Jun 2026 |
2024 pullback2024 | -8.76%Apr 2024 | 7d | 25d | 1mo 2dApr 2024 - May 2024 |
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 | -5.63% | -3.31% | -2.32% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -10.71% | +5.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.20% | 2.05% | +4.15% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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