ALAI vs. THNQ

Last updated Aug 4, 2026

ALAI (Alger AI Enablers & Adopters ETF) and THNQ (ROBO Global Artificial Intelligence ETF) are both Artificial Intelligence funds. ALAI is actively managed, while THNQ is passively managed. Over the past year, ALAI returned 40.53% vs 60.05% for THNQ. Their correlation of 0.84 means they have usually moved in the same direction. ALAI charges 0.55%/yr vs 0.68%/yr for THNQ.

Performance

ALAI vs. THNQ - Performance Comparison

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

Returns By Period

In the year-to-date period, ALAI achieves a 22.63% return, which is significantly lower than THNQ's 36.93% return.

ALAI

• 1D: 2.98%
• 1M: 1.63%
• 6M: 22.67%
• YTD: 22.63%
• 1Y: 40.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 42.22%

THNQ

• 1D: 2.84%
• 1M: -1.41%
• 6M: 34.46%
• YTD: 36.93%
• 1Y: 60.05%
• 3Y*: 34.28%
• 5Y*: 14.87%
• 10Y*: —
• ALL TIME*: 22.27%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ALAI Alger AI Enablers & Adopters ETF	$3.00M	$4.32M	$4.07M
THNQ ROBO Global Artificial Intelligence ETF	$2.07M	$1.78M	$2.51M

ALAI vs. THNQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ALAI Alger AI Enablers & Adopters ETF	22.63%	39.81%	32.38%
THNQ ROBO Global Artificial Intelligence ETF	36.93%	29.83%	14.46%

Correlation

The correlation between ALAI and THNQ is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (All Time) Calculated using the full available price history since Apr 5, 2024	0.84

The correlation between ALAI and THNQ has been stable across timeframes, ranging from 0.84 to 0.84 - a consistent structural relationship.

ALAI vs. THNQ - Sectors Allocation Comparison

Sectors	ALAI	THNQ
Technology	53.7%	78.5%
Communication Services	18.0%	4.3%
Consumer Cyclical	11.9%	11.1%
Industrials	5.8%	1.3%
Financial Services	4.1%	0.9%
Utilities	3.2%	-
Healthcare	2.6%	3.8%
Basic Materials	0.7%	-
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	1.3%

Return for Risk

ALAI vs. THNQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ALAI

ALAI Risk / Return Rank: 56
ALAI Sharpe Ratio Rank: 60
ALAI Sortino Ratio Rank: 59
ALAI Omega Ratio Rank: 54
ALAI Calmar Ratio Rank: 57
ALAI Martin Ratio Rank: 51

THNQ

THNQ Risk / Return Rank: 79
THNQ Sharpe Ratio Rank: 84
THNQ Sortino Ratio Rank: 78
THNQ Omega Ratio Rank: 74
THNQ Calmar Ratio Rank: 84
THNQ Martin Ratio Rank: 73

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ALAI vs. THNQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger AI Enablers & Adopters ETF (ALAI) and ROBO Global Artificial Intelligence ETF (THNQ). 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	THNQ	Difference
Sharpe ratio: Return per unit of total volatility	1.48	2.01	-0.53
Sortino ratio: Return per unit of downside risk	2.07	2.58	-0.51
Omega ratio: Gain probability vs. loss probability	1.25	1.32	-0.07
Calmar ratio: Return relative to maximum drawdown	2.09	3.28	-1.19
Martin ratio: Return relative to average drawdown	6.16	9.32	-3.15

ALAI vs. THNQ - Sharpe Ratio Comparison

The current ALAI Sharpe Ratio is 1.48, which is comparable to the THNQ Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of ALAI and THNQ, 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. THNQ - Drawdown Comparison

The maximum ALAI drawdown since its inception was -29.36%, smaller than the maximum THNQ drawdown of -50.56%. Use the drawdown chart below to compare losses from any high point for ALAI and THNQ.

Drawdown Indicators

	ALAI	THNQ	Difference
Max Drawdown Largest peak-to-trough decline	-29.36%	-50.56%	+21.20%
Max Drawdown (1Y) Largest decline over 1 year	-19.48%	-18.39%	-1.09%
Max Drawdown (3Y) Largest decline over 3 years	—	-29.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-50.56%	—
Current Drawdown Current decline from peak	-5.28%	-7.04%	+1.76%
Average Drawdown Average peak-to-trough decline	-5.18%	-14.87%	+9.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.59%	6.46%	+0.13%

Volatility

ALAI vs. THNQ - Volatility Comparison

Alger AI Enablers & Adopters ETF (ALAI) has a higher volatility of 10.48% compared to ROBO Global Artificial Intelligence ETF (THNQ) at 9.92%. This indicates that ALAI's price experiences larger fluctuations and is considered to be riskier than THNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALAI	THNQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.48%	9.92%	+0.56%
Volatility (6M) Calculated over the trailing 6-month period	22.49%	24.75%	-2.26%
Volatility (1Y) Calculated over the trailing 1-year period	27.55%	30.07%	-2.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.15%	29.84%	-0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.15%	28.98%	+0.17%

ALAI vs. THNQ - Expense Ratio Comparison

ALAI has a 0.55% expense ratio, which is lower than THNQ's 0.68% expense ratio.

Dividends

ALAI vs. THNQ - Dividend Comparison

ALAI's dividend yield for the trailing twelve months is around 1.22%, more than THNQ's 0.15% yield.

Position	TTM	2025	2024
ALAI Alger AI Enablers & Adopters ETF	1.22%	1.50%	0.66%
THNQ ROBO Global Artificial Intelligence ETF	0.15%	0.20%	0.00%

Frequently Asked Questions

Can I hold both ALAI and THNQ in my portfolio?

ALAI and THNQ have a correlation of 0.84, 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 THNQ?

ALAI has higher volatility (10.48%) compared to THNQ (9.92%). In terms of maximum drawdown, ALAI dropped -29.36% vs THNQ's -50.56%.

Which ETF is better, ALAI or THNQ?

On 1-year performance, THNQ leads with 60.05% vs 40.53% for ALAI. On fees, ALAI is cheaper at 0.55% per year. On volatility, THNQ has been the lower-risk option at 9.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ALAI or THNQ?

Over the 1-year period, THNQ has performed better with a 60.05% return vs 40.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ALAI or THNQ?

ALAI is cheaper with a 0.55% expense ratio, compared with 0.68% for THNQ.

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

ALAI has the higher dividend yield at 1.22%, compared with 0.15% for THNQ.

What is the main difference between ALAI and THNQ?

They also come from different issuers: Alger and Exchange Traded Concepts. Their fees differ too: 0.55% for ALAI and 0.68% for THNQ.

Which has better risk-adjusted returns?

THNQ currently has the higher Sharpe Ratio (2.01 vs 1.48), 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.