Correlation
The correlation between ALAI and TRFM 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.
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.
Performance
ALAI vs. TRFM - Performance Comparison
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Key characteristics
ALAI:
0.97
TRFM:
0.67
ALAI:
1.51
TRFM:
1.10
ALAI:
1.21
TRFM:
1.15
ALAI:
1.14
TRFM:
0.72
ALAI:
3.42
TRFM:
2.32
ALAI:
9.81%
TRFM:
8.76%
ALAI:
33.05%
TRFM:
29.95%
ALAI:
-29.36%
TRFM:
-28.40%
ALAI:
-0.70%
TRFM:
-2.05%
Returns By Period
In the year-to-date period, ALAI achieves a 11.26% return, which is significantly higher than TRFM's 7.77% return.
ALAI
11.26%
6.26%
7.26%
31.83%
N/A
N/A
N/A
TRFM
7.77%
1.87%
2.20%
19.98%
N/A
N/A
N/A
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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 Rank
ALAI
TRFM
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.
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Dividends
ALAI vs. TRFM - Dividend Comparison
ALAI's dividend yield for the trailing twelve months is around 0.59%, while TRFM has not paid dividends to shareholders.
| TTM | 2024 | |
|---|---|---|
ALAI Alger AI Enablers & Adopters ETF | 0.59% | 0.66% |
TRFM AAM Transformers ETF | 0.00% | 0.00% |
Drawdowns
ALAI vs. TRFM - Drawdown Comparison
The maximum ALAI drawdown since its inception was -29.36%, roughly equal to the maximum TRFM drawdown of -28.40%. Use the drawdown chart below to compare losses from any high point for ALAI and TRFM.
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Volatility
ALAI vs. TRFM - Volatility Comparison
The current volatility for Alger AI Enablers & Adopters ETF (ALAI) is 4.39%, while AAM Transformers ETF (TRFM) has a volatility of 4.83%. This indicates that ALAI experiences smaller price fluctuations and is considered to be less risky than TRFM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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