ALAI vs. NUKZ

Last updated Jun 13, 2026

ALAI (Alger AI Enablers & Adopters ETF) and NUKZ (Range Nuclear Renaissance ETF) are both exchange-traded funds - ALAI is a Technology Equities fund actively managed by Alger, while NUKZ is a Energy Equities fund tracking the Range Nuclear Renaissance Index. ALAI is actively managed, while NUKZ is passively managed. Over the past year, ALAI returned 51.94% vs 28.77% for NUKZ. A 0.70 correlation means they provide meaningful diversification when combined. ALAI charges 0.55%/yr vs 0.85%/yr for NUKZ.

Performance

ALAI vs. NUKZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger AI Enablers & Adopters ETF (ALAI) and Range Nuclear Renaissance ETF (NUKZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALAI achieves a 20.13% return, which is significantly higher than NUKZ's 7.57% return.

ALAI

• 1D: 0.81%
• 1M: -0.06%
• YTD: 20.13%
• 6M: 20.63%
• 1Y: 51.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NUKZ

• 1D: 1.59%
• 1M: -4.67%
• YTD: 7.57%
• 6M: 4.81%
• 1Y: 28.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ALAI vs. NUKZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ALAI Alger AI Enablers & Adopters ETF	20.13%	39.81%	32.38%
NUKZ Range Nuclear Renaissance ETF	7.57%	56.57%	29.96%

Correlation

The correlation between ALAI and NUKZ is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (All Time) Calculated using the full available price history since Apr 5, 2024	0.70

The correlation between ALAI and NUKZ has been stable across timeframes, ranging from 0.70 to 0.71 - a consistent structural relationship.

ALAI vs. NUKZ - Sectors Allocation Comparison

Sectors	ALAI	NUKZ
Technology	55.9%	1.4%
Communication Services	20.1%	-
Consumer Cyclical	13.7%	-
Industrials	3.2%	45.9%
Healthcare	2.8%	-
Financial Services	2.3%	-
Utilities	2.0%	35.8%
Basic Materials	-	4.0%
Consumer Defensive	-	-
Energy	-	12.9%
Real Estate	-	-

Return for Risk

ALAI vs. NUKZ — Risk / Return Rank

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

ALAI

ALAI Risk / Return Rank: 63
ALAI Sharpe Ratio Rank: 74
ALAI Sortino Ratio Rank: 65
ALAI Omega Ratio Rank: 64
ALAI Calmar Ratio Rank: 60
ALAI Martin Ratio Rank: 54

NUKZ

NUKZ Risk / Return Rank: 31
NUKZ Sharpe Ratio Rank: 29
NUKZ Sortino Ratio Rank: 30
NUKZ Omega Ratio Rank: 27
NUKZ Calmar Ratio Rank: 39
NUKZ Martin Ratio Rank: 32

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. NUKZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger AI Enablers & Adopters ETF (ALAI) and Range Nuclear Renaissance ETF (NUKZ). 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	NUKZ	Difference
Sharpe ratio: Return per unit of total volatility	2.06	0.92	+1.14
Sortino ratio: Return per unit of downside risk	2.60	1.43	+1.17
Omega ratio: Gain probability vs. loss probability	1.34	1.17	+0.17
Calmar ratio: Return relative to maximum drawdown	2.64	1.70	+0.94
Martin ratio: Return relative to average drawdown	8.30	4.11	+4.19

ALAI vs. NUKZ - Sharpe Ratio Comparison

The current ALAI Sharpe Ratio is 2.06, which is higher than the NUKZ Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of ALAI and NUKZ, 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. NUKZ - Drawdown Comparison

The maximum ALAI drawdown since its inception was -29.36%, smaller than the maximum NUKZ drawdown of -33.03%. Use the drawdown chart below to compare losses from any high point for ALAI and NUKZ.

Drawdown Indicators

	ALAI	NUKZ	Difference
Max Drawdown Largest peak-to-trough decline	-29.36%	-33.03%	+3.67%
Max Drawdown (1Y) Largest decline over 1 year	-19.48%	-16.51%	-2.97%
Current Drawdown Current decline from peak	-7.13%	-10.39%	+3.26%
Average Drawdown Average peak-to-trough decline	-5.15%	-6.06%	+0.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.18%	6.80%	-0.62%

Volatility

ALAI vs. NUKZ - Volatility Comparison

The current volatility for Alger AI Enablers & Adopters ETF (ALAI) is 9.13%, while Range Nuclear Renaissance ETF (NUKZ) has a volatility of 11.24%. This indicates that ALAI experiences smaller price fluctuations and is considered to be less risky than NUKZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALAI	NUKZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.13%	11.24%	-2.11%
Volatility (6M) Calculated over the trailing 6-month period	19.84%	23.34%	-3.50%
Volatility (1Y) Calculated over the trailing 1-year period	24.96%	30.46%	-5.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.59%	32.94%	-4.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.59%	32.94%	-4.35%

ALAI vs. NUKZ - Expense Ratio Comparison

ALAI has a 0.55% expense ratio, which is lower than NUKZ's 0.85% expense ratio.

Dividends

ALAI vs. NUKZ - Dividend Comparison

ALAI's dividend yield for the trailing twelve months is around 1.25%, more than NUKZ's 0.85% yield.

Position	TTM	2025	2024
ALAI Alger AI Enablers & Adopters ETF	1.25%	1.50%	0.66%
NUKZ Range Nuclear Renaissance ETF	0.85%	0.91%	0.09%

Frequently Asked Questions

Can I hold both ALAI and NUKZ in my portfolio?

ALAI and NUKZ have a correlation of 0.71, 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 NUKZ?

NUKZ has higher volatility (11.24%) compared to ALAI (9.13%). In terms of maximum drawdown, ALAI dropped -29.36% vs NUKZ's -33.03%.

Which ETF is better, ALAI or NUKZ?

On 1-year performance, ALAI leads with 51.94% vs 28.77% for NUKZ. On fees, ALAI is cheaper at 0.55% per year. On volatility, ALAI has been the lower-risk option at 9.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ALAI or NUKZ?

Over the 1-year period, ALAI has performed better with a 51.94% return vs 28.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ALAI or NUKZ?

ALAI is cheaper with a 0.55% expense ratio, compared with 0.85% for NUKZ.

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

ALAI has the higher dividend yield at 1.25%, compared with 0.85% for NUKZ.

What is the main difference between ALAI and NUKZ?

ALAI is categorized as Technology Equities, while NUKZ is Energy Equities. They also come from different issuers: Alger and Exchange Traded Concepts. Their fees differ too: 0.55% for ALAI and 0.85% for NUKZ.

Which has better risk-adjusted returns?

ALAI currently has the higher Sharpe Ratio (2.06 vs 0.92), 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.