AAICX vs. GTTIX
AAICX (Alger AI Enablers & Adopters C) and GTTIX (Gabelli Global Content & Connectivity Fund Class I) are both Technology Equities funds. Over the past year, AAICX returned 58.36% vs 31.91% for GTTIX. At a 0.50 correlation, their price movements are largely independent. AAICX charges 1.66%/yr vs 0.90%/yr for GTTIX.
Performance
AAICX vs. GTTIX - Performance Comparison
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Returns By Period
In the year-to-date period, AAICX achieves a 26.05% return, which is significantly higher than GTTIX's 12.42% return.
AAICX
- 1D
- -1.52%
- 1M
- 5.59%
- YTD
- 26.05%
- 6M
- 23.78%
- 1Y
- 58.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GTTIX
- 1D
- -1.18%
- 1M
- -1.96%
- YTD
- 12.42%
- 6M
- 12.95%
- 1Y
- 31.91%
- 3Y*
- 22.38%
- 5Y*
- 6.53%
- 10Y*
- 7.80%
AAICX vs. GTTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AAICX Alger AI Enablers & Adopters C | 26.05% | 39.54% | 32.77% |
GTTIX Gabelli Global Content & Connectivity Fund Class I | 12.42% | 27.42% | 8.91% |
Correlation
The correlation between AAICX and GTTIX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2024 | 0.50 |
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Return for Risk
AAICX vs. GTTIX — Risk / Return Rank
AAICX
GTTIX
AAICX vs. GTTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger AI Enablers & Adopters C (AAICX) and Gabelli Global Content & Connectivity Fund Class I (GTTIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AAICX | GTTIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.40 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | 3.74 | -0.38 |
| Martin ratioReturn relative to average drawdown | 9.97 | 9.20 | +0.77 |
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Drawdowns
AAICX vs. GTTIX - Drawdown Comparison
The maximum AAICX drawdown since its inception was -29.07%, smaller than the maximum GTTIX drawdown of -39.84%. Use the drawdown chart below to compare losses from any high point for AAICX and GTTIX.
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Drawdown Indicators
| AAICX | GTTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.07% | -39.84% | +10.77% |
Max Drawdown (1Y)Largest decline over 1 year | -17.87% | -9.08% | -8.79% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.74% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.84% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.84% | — |
Current DrawdownCurrent decline from peak | -1.52% | -6.14% | +4.62% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -8.14% | +3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.01% | 3.68% | +2.33% |
Volatility
AAICX vs. GTTIX - Volatility Comparison
Alger AI Enablers & Adopters C (AAICX) has a higher volatility of 10.08% compared to Gabelli Global Content & Connectivity Fund Class I (GTTIX) at 6.22%. This indicates that AAICX's price experiences larger fluctuations and is considered to be riskier than GTTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAICX | GTTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.08% | 6.22% | +3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 18.63% | 11.40% | +7.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.00% | 14.67% | +9.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.80% | 16.52% | +11.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.80% | 16.44% | +11.36% |
AAICX vs. GTTIX - Expense Ratio Comparison
AAICX has a 1.66% expense ratio, which is higher than GTTIX's 0.90% expense ratio.
Dividends
AAICX vs. GTTIX - Dividend Comparison
AAICX's dividend yield for the trailing twelve months is around 5.11%, less than GTTIX's 15.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAICX Alger AI Enablers & Adopters C | 5.11% | 6.44% | 4.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GTTIX Gabelli Global Content & Connectivity Fund Class I | 15.95% | 17.94% | 0.00% | 0.32% | 2.29% | 6.74% | 3.09% | 7.22% | 6.96% | 7.11% | 7.34% | 8.62% |
Frequently Asked Questions
AAICX and GTTIX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAICX has higher volatility (10.08%) compared to GTTIX (6.22%). In terms of maximum drawdown, AAICX dropped -29.07% vs GTTIX's -39.84%.
AAICX currently has the higher Sharpe Ratio (2.50 vs 2.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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