AAIZX vs. TRFK
AAIZX (Alger AI Enablers & Adopters Z) and TRFK (Pacer Data and Digital Revolution ETF) are both funds - AAIZX is a Artificial Intelligence fund actively managed by Alger, while TRFK is a Technology Equities fund tracking the Pacer Data Transmission and Communication Revolution Index - Benchmark TR Net. AAIZX is actively managed, while TRFK is passively managed. Over the past year, AAIZX returned 36.90% vs 56.27% for TRFK. Their correlation of 0.86 means they have usually moved in the same direction. AAIZX charges 0.55%/yr vs 0.60%/yr for TRFK.
Performance
AAIZX vs. TRFK - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AAIZX achieves a 22.07% return, which is significantly lower than TRFK's 50.94% return.
AAIZX
- 1D
- 2.68%
- 1M
- 0.29%
- 6M
- 24.60%
- YTD
- 22.07%
- 1Y
- 36.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 43.28%
TRFK
- 1D
- 6.17%
- 1M
- 0.07%
- 6M
- 50.19%
- YTD
- 50.94%
- 1Y
- 56.27%
- 3Y*
- 45.78%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 39.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $17.63M | $18.35M | $19.68M |
AAIZX vs. TRFK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AAIZX Alger AI Enablers & Adopters Z | 22.07% | 41.00% | 33.76% |
TRFK Pacer Data and Digital Revolution ETF | 50.94% | 26.81% | 20.08% |
Correlation
The correlation between AAIZX and TRFK is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2024 | 0.86 |
The correlation between AAIZX and TRFK has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AAIZX vs. TRFK — Risk / Return Rank
AAIZX
TRFK
AAIZX vs. TRFK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger AI Enablers & Adopters Z (AAIZX) and Pacer Data and Digital Revolution ETF (TRFK). 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.
| AAIZX | TRFK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.26 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 2.16 | +0.16 |
| Martin ratioReturn relative to average drawdown | 6.49 | 5.80 | +0.69 |
Loading charts...
Drawdowns
AAIZX vs. TRFK - Drawdown Comparison
The maximum AAIZX drawdown since its inception was -29.00%, roughly equal to the maximum TRFK drawdown of -29.06%. Use the drawdown chart below to compare losses from any high point for AAIZX and TRFK.
Loading charts...
Drawdown Indicators
| AAIZX | TRFK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.00% | -29.06% | +0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -17.47% | -26.17% | +8.70% |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.06% | — |
Current DrawdownCurrent decline from peak | -5.09% | -13.03% | +7.94% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -6.26% | +1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.23% | 9.74% | -3.51% |
Volatility
AAIZX vs. TRFK - Volatility Comparison
The current volatility for Alger AI Enablers & Adopters Z (AAIZX) is 9.71%, while Pacer Data and Digital Revolution ETF (TRFK) has a volatility of 17.38%. This indicates that AAIZX experiences smaller price fluctuations and is considered to be less risky than TRFK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AAIZX | TRFK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.71% | 17.38% | -7.67% |
Volatility (6M)Calculated over the trailing 6-month period | 20.53% | 32.56% | -12.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.69% | 37.23% | -11.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.07% | 31.03% | -2.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.07% | 31.03% | -2.96% |
AAIZX vs. TRFK - Expense Ratio Comparison
AAIZX has a 0.55% expense ratio, which is lower than TRFK's 0.60% expense ratio.
Dividends
AAIZX vs. TRFK - Dividend Comparison
AAIZX's dividend yield for the trailing twelve months is around 5.17%, more than TRFK's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AAIZX Alger AI Enablers & Adopters Z | 5.17% | 6.31% | 4.44% | 0.00% | 0.00% |
TRFK Pacer Data and Digital Revolution ETF | 0.01% | 0.01% | 0.40% | 0.20% | 0.56% |
Frequently Asked Questions
AAIZX and TRFK have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRFK has higher volatility (17.38%) compared to AAIZX (9.71%). In terms of maximum drawdown, AAIZX dropped -29.00% vs TRFK's -29.06%.
AAIZX currently has the higher Sharpe Ratio (1.58 vs 1.52), 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.
Find the right allocation for AAIZX and TRFK
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer