ALAI vs. TRFM
Compare and contrast key facts about Alger AI Enablers & Adopters ETF (ALAI) and AAM Transformers ETF (TRFM).
ALAI and TRFM 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. TRFM is a passively managed fund by AAM that tracks the performance of the Pence Transformers Index - Benchmark TR Gross. It was launched on Jul 11, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALAI or TRFM.
Key characteristics
| ALAI | TRFM | |
|---|---|---|
| Daily Std Dev | 23.91% | 21.69% |
| Max Drawdown | -15.99% | -26.91% |
| Current Drawdown | -4.11% | -7.43% |
Correlation
The correlation between ALAI and TRFM is 0.83, 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. TRFM - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ALAI vs. TRFM - Expense Ratio Comparison
ALAI has a 0.55% expense ratio, which is higher than TRFM's 0.49% expense ratio.
Risk-Adjusted Performance
ALAI vs. TRFM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger AI Enablers & Adopters ETF (ALAI) and AAM Transformers ETF (TRFM). 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. TRFM - Dividend Comparison
Neither ALAI nor TRFM has paid dividends to shareholders.
Drawdowns
ALAI vs. TRFM - Drawdown Comparison
The maximum ALAI drawdown since its inception was -15.99%, smaller than the maximum TRFM drawdown of -26.91%. Use the drawdown chart below to compare losses from any high point for ALAI and TRFM. For additional features, visit the drawdowns tool.
Volatility
ALAI vs. TRFM - Volatility Comparison
Alger AI Enablers & Adopters ETF (ALAI) and AAM Transformers ETF (TRFM) have volatilities of 7.44% and 7.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.