ALAI vs. PTF
Compare and contrast key facts about Alger AI Enablers & Adopters ETF (ALAI) and Invesco DWA Technology Momentum ETF (PTF).
ALAI and PTF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ALAI is an actively managed fund by Alger. It was launched on Apr 4, 2024. PTF is a passively managed fund by Invesco that tracks the performance of the DWA Technology Technical Leaders Index. It was launched on Oct 12, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALAI or PTF.
Correlation
The correlation between ALAI and PTF is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ALAI vs. PTF - Performance Comparison
Key characteristics
ALAI:
0.36
PTF:
-0.06
ALAI:
0.70
PTF:
0.20
ALAI:
1.10
PTF:
1.02
ALAI:
0.39
PTF:
-0.06
ALAI:
1.39
PTF:
-0.19
ALAI:
8.28%
PTF:
11.50%
ALAI:
32.17%
PTF:
39.65%
ALAI:
-29.36%
PTF:
-55.38%
ALAI:
-22.51%
PTF:
-30.30%
Returns By Period
In the year-to-date period, ALAI achieves a -14.17% return, which is significantly higher than PTF's -22.71% return.
ALAI
-14.17%
-6.15%
-5.71%
13.67%
N/A
N/A
PTF
-22.71%
-9.53%
-16.37%
0.93%
18.10%
15.39%
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ALAI vs. PTF - Expense Ratio Comparison
ALAI has a 0.55% expense ratio, which is lower than PTF's 0.60% expense ratio.
Risk-Adjusted Performance
ALAI vs. PTF — Risk-Adjusted Performance Rank
ALAI
PTF
ALAI vs. PTF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger AI Enablers & Adopters ETF (ALAI) and Invesco DWA Technology Momentum ETF (PTF). 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.
Dividends
ALAI vs. PTF - Dividend Comparison
ALAI's dividend yield for the trailing twelve months is around 0.77%, more than PTF's 0.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALAI Alger AI Enablers & Adopters ETF | 0.77% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PTF Invesco DWA Technology Momentum ETF | 0.27% | 0.00% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.08% | 0.04% | 0.26% | 0.00% | 0.68% |
Drawdowns
ALAI vs. PTF - Drawdown Comparison
The maximum ALAI drawdown since its inception was -29.36%, smaller than the maximum PTF drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for ALAI and PTF. For additional features, visit the drawdowns tool.
Volatility
ALAI vs. PTF - Volatility Comparison
Alger AI Enablers & Adopters ETF (ALAI) has a higher volatility of 19.57% compared to Invesco DWA Technology Momentum ETF (PTF) at 17.16%. This indicates that ALAI's price experiences larger fluctuations and is considered to be riskier than PTF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.