ALAI vs. KROP

Last updated Jun 4, 2026

ALAI (Alger AI Enablers & Adopters ETF) and KROP (Global X AgTech & Food Innovation ETF) are both Technology Equities funds. ALAI is actively managed, while KROP is passively managed. Over the past year, ALAI returned 63.92% vs 13.67% for KROP. At a 0.18 correlation, their price movements are largely independent. ALAI charges 0.55%/yr vs 0.50%/yr for KROP.

Performance

ALAI vs. KROP - Performance Comparison

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

Returns By Period

In the year-to-date period, ALAI achieves a 27.17% return, which is significantly higher than KROP's 16.34% return.

ALAI

• 1D: -1.25%
• 1M: 13.53%
• YTD: 27.17%
• 6M: 26.74%
• 1Y: 63.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KROP

• 1D: 0.21%
• 1M: -0.06%
• YTD: 16.34%
• 6M: 14.63%
• 1Y: 13.67%
• 3Y*: 0.81%
• 5Y*: —
• 10Y*: —

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

ALAI vs. KROP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ALAI Alger AI Enablers & Adopters ETF	27.17%	39.81%	31.43%
KROP Global X AgTech & Food Innovation ETF	16.34%	7.95%	-12.14%

Correlation

The correlation between ALAI and KROP is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (All Time) Calculated using the full available price history since Apr 8, 2024	0.18

ALAI vs. KROP - Sectors Allocation Comparison

Sectors	ALAI	KROP
Technology	55.9%	-
Communication Services	20.1%	-
Consumer Cyclical	13.7%	0.3%
Industrials	3.2%	39.7%
Healthcare	2.8%	0.3%
Financial Services	2.3%	-
Utilities	2.0%	-
Basic Materials	-	32.1%
Consumer Defensive	-	26.3%
Energy	-	-
Real Estate	-	-

Return for Risk

ALAI vs. KROP — Risk / Return Rank

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

ALAI

ALAI Risk / Return Rank: 70
ALAI Sharpe Ratio Rank: 81
ALAI Sortino Ratio Rank: 71
ALAI Omega Ratio Rank: 70
ALAI Calmar Ratio Rank: 66
ALAI Martin Ratio Rank: 60

KROP

KROP Risk / Return Rank: 24
KROP Sharpe Ratio Rank: 24
KROP Sortino Ratio Rank: 24
KROP Omega Ratio Rank: 23
KROP Calmar Ratio Rank: 26
KROP Martin Ratio Rank: 22

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. KROP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger AI Enablers & Adopters ETF (ALAI) and Global X AgTech & Food Innovation ETF (KROP). 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.

	ALAI	KROP	Difference
Sharpe ratio: Return per unit of total volatility	2.67	0.86	+1.82
Sortino ratio: Return per unit of downside risk	3.27	1.31	+1.96
Omega ratio: Gain probability vs. loss probability	1.42	1.16	+0.26
Calmar ratio: Return relative to maximum drawdown	3.30	1.22	+2.08
Martin ratio: Return relative to average drawdown	10.58	2.75	+7.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ALAI vs. KROP - Sharpe Ratio Comparison

The current ALAI Sharpe Ratio is 2.67, which is higher than the KROP Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of ALAI and KROP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ALAI	KROP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.67	0.86	+1.82
Sharpe Ratio (All Time) Calculated using the full available price history	1.71	-0.57	+2.28

Drawdowns

ALAI vs. KROP - Drawdown Comparison

The maximum ALAI drawdown since its inception was -29.36%, smaller than the maximum KROP drawdown of -61.96%. Use the drawdown chart below to compare losses from any high point for ALAI and KROP.

Drawdown Indicators

	ALAI	KROP	Difference
Max Drawdown Largest peak-to-trough decline	-29.36%	-61.96%	+32.60%
Max Drawdown (1Y) Largest decline over 1 year	-19.48%	-11.29%	-8.19%
Max Drawdown (3Y) Largest decline over 3 years	—	-28.70%	—
Current Drawdown Current decline from peak	-1.69%	-49.05%	+47.36%
Average Drawdown Average peak-to-trough decline	-5.14%	-44.50%	+39.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.06%	4.99%	+1.07%

Volatility

ALAI vs. KROP - Volatility Comparison

Alger AI Enablers & Adopters ETF (ALAI) has a higher volatility of 6.97% compared to Global X AgTech & Food Innovation ETF (KROP) at 4.77%. This indicates that ALAI's price experiences larger fluctuations and is considered to be riskier than KROP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALAI	KROP	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.97%	4.77%	+2.20%
Volatility (6M) Calculated over the trailing 6-month period	18.57%	12.01%	+6.56%
Volatility (1Y) Calculated over the trailing 1-year period	24.06%	16.04%	+8.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.41%	22.28%	+6.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.41%	22.28%	+6.13%

ALAI vs. KROP - Expense Ratio Comparison

ALAI has a 0.55% expense ratio, which is higher than KROP's 0.50% expense ratio.

Dividends

ALAI vs. KROP - Dividend Comparison

ALAI's dividend yield for the trailing twelve months is around 1.18%, less than KROP's 2.35% yield.

Position	TTM	2025	2024	2023	2022	2021
ALAI Alger AI Enablers & Adopters ETF	1.18%	1.50%	0.66%	0.00%	0.00%	0.00%
KROP Global X AgTech & Food Innovation ETF	2.35%	2.73%	1.89%	1.36%	0.71%	0.69%

Frequently Asked Questions

Can I hold both ALAI and KROP in my portfolio?

ALAI and KROP have a correlation of 0.10, 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 KROP?

ALAI has higher volatility (6.97%) compared to KROP (4.77%). In terms of maximum drawdown, ALAI dropped -29.36% vs KROP's -61.96%.

Which ETF is better, ALAI or KROP?

On 1-year performance, ALAI leads with 63.92% vs 13.67% for KROP. On fees, KROP is cheaper at 0.50% per year. On volatility, KROP has been the lower-risk option at 4.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ALAI or KROP?

Over the 1-year period, ALAI has performed better with a 63.92% return vs 13.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ALAI or KROP?

KROP is cheaper with a 0.50% expense ratio, compared with 0.55% for ALAI.

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

KROP has the higher dividend yield at 2.35%, compared with 1.18% for ALAI.

What is the main difference between ALAI and KROP?

They also come from different issuers: Alger and Global X. Their fees differ too: 0.55% for ALAI and 0.50% for KROP.

Which has better risk-adjusted returns?

ALAI currently has the higher Sharpe Ratio (2.67 vs 0.86), 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.