ALAI vs. IGV

In the year-to-date period, ALAI achieves a 4.70% return, which is significantly lower than IGV's 5.03% return.

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ALAI has a 0.55% expense ratio, which is higher than IGV's 0.46% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Alger AI Enablers & Adopters ETF (ALAI) and iShares Expanded Tech-Software Sector ET (IGV). 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 IGV Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of ALAI and IGV, 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%, while IGV has not paid dividends to shareholders.

The maximum ALAI drawdown since its inception was -29.36%, smaller than the maximum IGV drawdown of -62.18%. Use the drawdown chart below to compare losses from any high point for ALAI and IGV. For additional features, visit the drawdowns tool.

Alger AI Enablers & Adopters ETF (ALAI) has a higher volatility of 8.74% compared to iShares Expanded Tech-Software Sector ET (IGV) at 8.16%. This indicates that ALAI's price experiences larger fluctuations and is considered to be riskier than IGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.