ALAI vs. SMH
Compare and contrast key facts about Alger AI Enablers & Adopters ETF (ALAI) and VanEck Vectors Semiconductor ETF (SMH).
ALAI and SMH 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. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALAI or SMH.
Correlation
The correlation between ALAI and SMH is 0.84, 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. SMH - Performance Comparison
Key characteristics
ALAI:
22.69%
SMH:
34.81%
ALAI:
-15.99%
SMH:
-95.73%
ALAI:
-3.90%
SMH:
-12.97%
Returns By Period
The year-to-date returns for both investments are quite close, with ALAI having a 1.07% return and SMH slightly higher at 1.08%.
ALAI
1.07%
-0.68%
17.81%
N/A
N/A
N/A
SMH
1.08%
-1.46%
-9.21%
47.49%
29.49%
27.88%
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ALAI vs. SMH - Expense Ratio Comparison
ALAI has a 0.55% expense ratio, which is higher than SMH's 0.35% expense ratio.
Risk-Adjusted Performance
ALAI vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger AI Enablers & Adopters ETF (ALAI) and VanEck Vectors Semiconductor ETF (SMH). 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.
Not enough dataDividends
ALAI vs. SMH - Dividend Comparison
ALAI's dividend yield for the trailing twelve months is around 0.65%, while SMH has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALAI Alger AI Enablers & Adopters ETF | 0.65% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Vectors Semiconductor ETF | 0.00% | 0.00% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% |
Drawdowns
ALAI vs. SMH - Drawdown Comparison
The maximum ALAI drawdown since its inception was -15.99%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for ALAI and SMH. For additional features, visit the drawdowns tool.
Volatility
ALAI vs. SMH - Volatility Comparison
The current volatility for Alger AI Enablers & Adopters ETF (ALAI) is 7.07%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 8.19%. This indicates that ALAI experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.