ALAI vs. GXPT

Last updated Jun 24, 2026

ALAI (Alger AI Enablers & Adopters ETF) and GXPT (Global X PureCap MSCI Information Technology ETF) are both Technology Equities funds. ALAI is actively managed, while GXPT is passively managed. Their correlation of 0.86 suggests significant overlap in exposure. ALAI charges 0.55%/yr vs 0.15%/yr for GXPT.

Performance

ALAI vs. GXPT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger AI Enablers & Adopters ETF (ALAI) and Global X PureCap MSCI Information Technology ETF (GXPT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALAI achieves a 23.84% return, which is significantly higher than GXPT's 16.86% return.

ALAI

• 1D: -3.08%
• 1M: 2.64%
• YTD: 23.84%
• 6M: 21.16%
• 1Y: 55.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GXPT

• 1D: -3.44%
• 1M: -0.96%
• YTD: 16.86%
• 6M: 15.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ALAI vs. GXPT - Yearly Performance Comparison

	2026 (YTD)	2025
ALAI Alger AI Enablers & Adopters ETF	23.84%	17.69%
GXPT Global X PureCap MSCI Information Technology ETF	16.86%	11.47%

Correlation

The correlation between ALAI and GXPT is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.86

Return for Risk

ALAI vs. GXPT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALAI

ALAI Risk / Return Rank: 62
ALAI Sharpe Ratio Rank: 70
ALAI Sortino Ratio Rank: 62
ALAI Omega Ratio Rank: 61
ALAI Calmar Ratio Rank: 61
ALAI Martin Ratio Rank: 55

GXPT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ALAI vs. GXPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger AI Enablers & Adopters ETF (ALAI) and Global X PureCap MSCI Information Technology ETF (GXPT). 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	GXPT	Difference
Sharpe ratio: Return per unit of total volatility	2.14	—	—
Sortino ratio: Return per unit of downside risk	2.73	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.85	—	—
Martin ratio: Return relative to average drawdown	8.95	—	—

Drawdowns

ALAI vs. GXPT - Drawdown Comparison

The maximum ALAI drawdown since its inception was -29.36%, which is greater than GXPT's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for ALAI and GXPT.

Drawdown Indicators

	ALAI	GXPT	Difference
Max Drawdown Largest peak-to-trough decline	-29.36%	-18.74%	-10.62%
Max Drawdown (1Y) Largest decline over 1 year	-19.48%	—	—
Current Drawdown Current decline from peak	-4.34%	-8.72%	+4.38%
Average Drawdown Average peak-to-trough decline	-5.12%	-5.04%	-0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.19%	—	—

Volatility

Volatility by Period

	ALAI	GXPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.54%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	25.98%	22.91%	+3.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.89%	22.91%	+5.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.89%	22.91%	+5.98%

ALAI vs. GXPT - Expense Ratio Comparison

ALAI has a 0.55% expense ratio, which is higher than GXPT's 0.15% expense ratio.

Dividends

ALAI vs. GXPT - Dividend Comparison

ALAI's dividend yield for the trailing twelve months is around 1.21%, more than GXPT's 0.12% yield.

Position	TTM	2025	2024
ALAI Alger AI Enablers & Adopters ETF	1.21%	1.50%	0.66%
GXPT Global X PureCap MSCI Information Technology ETF	0.12%	0.14%	0.00%

Frequently Asked Questions

Can I hold both ALAI and GXPT in my portfolio?

ALAI and GXPT have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ALAI or GXPT?

On fees, GXPT is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ALAI or GXPT?

GXPT is cheaper with a 0.15% expense ratio, compared with 0.55% for ALAI.

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

ALAI has the higher dividend yield at 1.21%, compared with 0.12% for GXPT.

What is the main difference between ALAI and GXPT?

They also come from different issuers: Alger and Global X. Their fees differ too: 0.55% for ALAI and 0.15% for GXPT.