ALAI vs. GPTY

Last updated Aug 4, 2026

ALAI (Alger AI Enablers & Adopters ETF) and GPTY (YieldMax AI & Tech Portfolio Option Income ETF) are both Artificial Intelligence funds. Both are actively managed. Over the past year, ALAI returned 40.53% vs 34.14% for GPTY. Their correlation of 0.86 means they have usually moved in the same direction. ALAI charges 0.55%/yr vs 0.99%/yr for GPTY.

Performance

ALAI vs. GPTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger AI Enablers & Adopters ETF (ALAI) and YieldMax AI & Tech Portfolio Option Income ETF (GPTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with ALAI having a 22.63% return and GPTY slightly higher at 22.74%.

ALAI

• 1D: 2.98%
• 1M: 1.63%
• 6M: 22.67%
• YTD: 22.63%
• 1Y: 40.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 42.22%

GPTY

• 1D: 3.12%
• 1M: -0.51%
• 6M: 23.79%
• YTD: 22.74%
• 1Y: 34.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 27.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ALAI Alger AI Enablers & Adopters ETF	$3.00M	$4.32M	$4.07M
GPTY YieldMax AI & Tech Portfolio Option Income ETF	$1.87M	$1.87M	$2.59M

ALAI vs. GPTY - Yearly Performance Comparison

	2026 (YTD)	2025
ALAI Alger AI Enablers & Adopters ETF	22.63%	28.40%
GPTY YieldMax AI & Tech Portfolio Option Income ETF	22.74%	17.77%

Correlation

The correlation between ALAI and GPTY is 0.87, 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.	0.87
Correlation (All Time) Calculated using the full available price history since Jan 23, 2025	0.86

The correlation between ALAI and GPTY has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.

ALAI vs. GPTY - Sectors Allocation Comparison

Sectors	ALAI	GPTY
Technology	53.7%	76.4%
Communication Services	18.0%	9.5%
Consumer Cyclical	11.9%	7.7%
Industrials	5.8%	2.2%
Financial Services	4.1%	4.2%
Utilities	3.2%	-
Healthcare	2.6%	-
Basic Materials	0.7%	-
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	-

Return for Risk

ALAI vs. GPTY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ALAI

ALAI Risk / Return Rank: 56
ALAI Sharpe Ratio Rank: 60
ALAI Sortino Ratio Rank: 59
ALAI Omega Ratio Rank: 54
ALAI Calmar Ratio Rank: 57
ALAI Martin Ratio Rank: 51

GPTY

GPTY Risk / Return Rank: 46
GPTY Sharpe Ratio Rank: 50
GPTY Sortino Ratio Rank: 48
GPTY Omega Ratio Rank: 47
GPTY Calmar Ratio Rank: 49
GPTY Martin Ratio Rank: 38

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ALAI vs. GPTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger AI Enablers & Adopters ETF (ALAI) and YieldMax AI & Tech Portfolio Option Income ETF (GPTY). 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.

	ALAI	GPTY	Difference
Sharpe ratio: Return per unit of total volatility	1.48	1.25	+0.23
Sortino ratio: Return per unit of downside risk	2.07	1.79	+0.29
Omega ratio: Gain probability vs. loss probability	1.25	1.22	+0.03
Calmar ratio: Return relative to maximum drawdown	2.09	1.78	+0.32
Martin ratio: Return relative to average drawdown	6.16	4.09	+2.08

ALAI vs. GPTY - Sharpe Ratio Comparison

The current ALAI Sharpe Ratio is 1.48, which is comparable to the GPTY Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of ALAI and GPTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ALAI vs. GPTY - Drawdown Comparison

The maximum ALAI drawdown since its inception was -29.36%, which is greater than GPTY's maximum drawdown of -26.62%. Use the drawdown chart below to compare losses from any high point for ALAI and GPTY.

Drawdown Indicators

	ALAI	GPTY	Difference
Max Drawdown Largest peak-to-trough decline	-29.36%	-26.62%	-2.74%
Max Drawdown (1Y) Largest decline over 1 year	-19.48%	-19.32%	-0.16%
Current Drawdown Current decline from peak	-5.28%	-11.26%	+5.98%
Average Drawdown Average peak-to-trough decline	-5.18%	-6.86%	+1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.59%	8.37%	-1.78%

Volatility

ALAI vs. GPTY - Volatility Comparison

Alger AI Enablers & Adopters ETF (ALAI) and YieldMax AI & Tech Portfolio Option Income ETF (GPTY) have volatilities of 10.48% and 10.04%, 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.

Volatility by Period

	ALAI	GPTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.48%	10.04%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	22.49%	22.71%	-0.22%
Volatility (1Y) Calculated over the trailing 1-year period	27.55%	27.45%	+0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.15%	29.93%	-0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.15%	29.93%	-0.78%

ALAI vs. GPTY - Expense Ratio Comparison

ALAI has a 0.55% expense ratio, which is lower than GPTY's 0.99% expense ratio.

Dividends

ALAI vs. GPTY - Dividend Comparison

ALAI's dividend yield for the trailing twelve months is around 1.22%, less than GPTY's 37.82% yield.

Position	TTM	2025	2024
ALAI Alger AI Enablers & Adopters ETF	1.22%	1.50%	0.66%
GPTY YieldMax AI & Tech Portfolio Option Income ETF	37.82%	34.23%	0.00%

Frequently Asked Questions

Can I hold both ALAI and GPTY in my portfolio?

ALAI and GPTY have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ALAI or GPTY?

ALAI has higher volatility (10.48%) compared to GPTY (10.04%). In terms of maximum drawdown, ALAI dropped -29.36% vs GPTY's -26.62%.

Which ETF is better, ALAI or GPTY?

On 1-year performance, ALAI leads with 40.53% vs 34.14% for GPTY. On fees, ALAI is cheaper at 0.55% per year. On volatility, GPTY has been the lower-risk option at 10.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ALAI or GPTY?

Over the 1-year period, ALAI has performed better with a 40.53% return vs 34.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ALAI or GPTY?

ALAI is cheaper with a 0.55% expense ratio, compared with 0.99% for GPTY.

Which ETF pays a higher dividend yield, ALAI or GPTY?

GPTY has the higher dividend yield at 37.82%, compared with 1.22% for ALAI.

What is the main difference between ALAI and GPTY?

They also come from different issuers: Alger and YieldMax. Their fees differ too: 0.55% for ALAI and 0.99% for GPTY.

Which has better risk-adjusted returns?

ALAI currently has the higher Sharpe Ratio (1.48 vs 1.25), 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.