ALAI vs. CNEQ

In the year-to-date period, ALAI achieves a 4.70% return, which is significantly higher than CNEQ's 4.07% return.

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Both ALAI and CNEQ have an expense ratio of 0.55%.

This table presents a comparison of risk-adjusted performance metrics for Alger AI Enablers & Adopters ETF (ALAI) and Alger Concentrated Equity ETF (CNEQ). 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.

The current ALAI Sharpe Ratio is 1.03, which is comparable to the CNEQ Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of ALAI and CNEQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

ALAI's dividend yield for the trailing twelve months is around 0.63%, more than CNEQ's 0.15% yield.

The maximum ALAI drawdown since its inception was -29.36%, which is greater than CNEQ's maximum drawdown of -27.58%. Use the drawdown chart below to compare losses from any high point for ALAI and CNEQ. For additional features, visit the drawdowns tool.

Alger AI Enablers & Adopters ETF (ALAI) and Alger Concentrated Equity ETF (CNEQ) have volatilities of 8.74% and 8.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.