ALAI vs. STHH

Last updated Jun 24, 2026

ALAI (Alger AI Enablers & Adopters ETF) and STHH (STMicroelectronics NV ADRhedged) are both Technology Equities funds. ALAI is actively managed, while STHH is passively managed. Over the past year, ALAI returned 55.24% vs 158.32% for STHH. At a 0.49 correlation, their price movements are largely independent. ALAI charges 0.55%/yr vs 0.19%/yr for STHH.

Performance

ALAI vs. STHH - Performance Comparison

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

Returns By Period

In the year-to-date period, ALAI achieves a 23.84% return, which is significantly lower than STHH's 187.72% return.

ALAI

• 1D: -3.08%
• 1M: 2.64%
• YTD: 23.84%
• 6M: 21.16%
• 1Y: 55.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

STHH

• 1D: -8.12%
• 1M: 10.72%
• YTD: 187.72%
• 6M: 187.07%
• 1Y: 158.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ALAI vs. STHH - Yearly Performance Comparison

	2026 (YTD)	2025
ALAI Alger AI Enablers & Adopters ETF	23.84%	68.80%
STHH STMicroelectronics NV ADRhedged	187.72%	17.60%

Correlation

The correlation between ALAI and STHH is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	0.49

Return for Risk

ALAI vs. STHH — Risk / Return Rank

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

ALAI

ALAI Risk / Return Rank: 62
ALAI Sharpe Ratio Rank: 70
ALAI Sortino Ratio Rank: 62
ALAI Omega Ratio Rank: 61
ALAI Calmar Ratio Rank: 61
ALAI Martin Ratio Rank: 55

STHH

STHH Risk / Return Rank: 81
STHH Sharpe Ratio Rank: 92
STHH Sortino Ratio Rank: 81
STHH Omega Ratio Rank: 84
STHH Calmar Ratio Rank: 88
STHH Martin Ratio Rank: 63

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. STHH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger AI Enablers & Adopters ETF (ALAI) and STMicroelectronics NV ADRhedged (STHH). 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	STHH	Difference
Sharpe ratio: Return per unit of total volatility	2.14	3.02	-0.89
Sortino ratio: Return per unit of downside risk	2.73	3.33	-0.60
Omega ratio: Gain probability vs. loss probability	1.35	1.47	-0.12
Calmar ratio: Return relative to maximum drawdown	2.85	4.70	-1.85
Martin ratio: Return relative to average drawdown	8.95	10.65	-1.70

ALAI vs. STHH - Sharpe Ratio Comparison

The current ALAI Sharpe Ratio is 2.14, which is comparable to the STHH Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of ALAI and STHH, 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. STHH - Drawdown Comparison

The maximum ALAI drawdown since its inception was -29.36%, smaller than the maximum STHH drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for ALAI and STHH.

Drawdown Indicators

	ALAI	STHH	Difference
Max Drawdown Largest peak-to-trough decline	-29.36%	-33.89%	+4.53%
Max Drawdown (1Y) Largest decline over 1 year	-19.48%	-33.89%	+14.41%
Current Drawdown Current decline from peak	-4.34%	-8.12%	+3.78%
Average Drawdown Average peak-to-trough decline	-5.12%	-10.17%	+5.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.19%	14.93%	-8.74%

Volatility

ALAI vs. STHH - Volatility Comparison

The current volatility for Alger AI Enablers & Adopters ETF (ALAI) is 11.00%, while STMicroelectronics NV ADRhedged (STHH) has a volatility of 25.53%. This indicates that ALAI experiences smaller price fluctuations and is considered to be less risky than STHH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALAI	STHH	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.00%	25.53%	-14.53%
Volatility (6M) Calculated over the trailing 6-month period	20.54%	41.13%	-20.59%
Volatility (1Y) Calculated over the trailing 1-year period	25.98%	52.67%	-26.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.89%	51.51%	-22.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.89%	51.51%	-22.62%

ALAI vs. STHH - Expense Ratio Comparison

ALAI has a 0.55% expense ratio, which is higher than STHH's 0.19% expense ratio.

Dividends

ALAI vs. STHH - Dividend Comparison

ALAI's dividend yield for the trailing twelve months is around 1.21%, more than STHH's 0.70% yield.

Position	TTM	2025	2024
ALAI Alger AI Enablers & Adopters ETF	1.21%	1.50%	0.66%
STHH STMicroelectronics NV ADRhedged	0.70%	0.69%	0.00%

Frequently Asked Questions

Can I hold both ALAI and STHH in my portfolio?

ALAI and STHH have a correlation of 0.47, 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 STHH?

STHH has higher volatility (25.53%) compared to ALAI (11.00%). In terms of maximum drawdown, ALAI dropped -29.36% vs STHH's -33.89%.

Which ETF is better, ALAI or STHH?

On 1-year performance, STHH leads with 158.32% vs 55.24% for ALAI. On fees, STHH is cheaper at 0.19% per year. On volatility, ALAI has been the lower-risk option at 11.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ALAI or STHH?

Over the 1-year period, STHH has performed better with a 158.32% return vs 55.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ALAI or STHH?

STHH is cheaper with a 0.19% expense ratio, compared with 0.55% for ALAI.

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

ALAI has the higher dividend yield at 1.21%, compared with 0.70% for STHH.

What is the main difference between ALAI and STHH?

They also come from different issuers: Alger and ADRhedged. Their fees differ too: 0.55% for ALAI and 0.19% for STHH.

Which has better risk-adjusted returns?

STHH currently has the higher Sharpe Ratio (3.02 vs 2.14), 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.