ALAI vs. TRUT

Last updated Jun 4, 2026

ALAI (Alger AI Enablers & Adopters ETF) and TRUT (Vaneck Technology Trusector ETF) are both Technology Equities funds. Both are actively managed. Their correlation of 0.86 suggests significant overlap in exposure. ALAI charges 0.55%/yr vs 0.13%/yr for TRUT.

Performance

ALAI vs. TRUT - Performance Comparison

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

Returns By Period

In the year-to-date period, ALAI achieves a 27.17% return, which is significantly higher than TRUT's 25.30% return.

ALAI

• 1D: -1.25%
• 1M: 13.53%
• YTD: 27.17%
• 6M: 26.74%
• 1Y: 63.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TRUT

• 1D: -1.46%
• 1M: 16.68%
• YTD: 25.30%
• 6M: 24.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ALAI vs. TRUT - Yearly Performance Comparison

	2026 (YTD)	2025
ALAI Alger AI Enablers & Adopters ETF	27.17%	12.66%
TRUT Vaneck Technology Trusector ETF	25.30%	10.16%

Correlation

The correlation between ALAI and TRUT is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 22, 2025	0.86

Return for Risk

ALAI vs. TRUT — Risk / Return Rank

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

ALAI

ALAI Risk / Return Rank: 70
ALAI Sharpe Ratio Rank: 81
ALAI Sortino Ratio Rank: 71
ALAI Omega Ratio Rank: 70
ALAI Calmar Ratio Rank: 66
ALAI Martin Ratio Rank: 60

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. TRUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger AI Enablers & Adopters ETF (ALAI) and Vaneck Technology Trusector ETF (TRUT). 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.

	ALAI	TRUT	Difference
Sharpe ratio: Return per unit of total volatility	2.67	—	—
Sortino ratio: Return per unit of downside risk	3.27	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	3.30	—	—
Martin ratio: Return relative to average drawdown	10.58	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ALAI	TRUT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.71	2.39	-0.68

Drawdowns

ALAI vs. TRUT - Drawdown Comparison

The maximum ALAI drawdown since its inception was -29.36%, which is greater than TRUT's maximum drawdown of -18.55%. Use the drawdown chart below to compare losses from any high point for ALAI and TRUT.

Drawdown Indicators

	ALAI	TRUT	Difference
Max Drawdown Largest peak-to-trough decline	-29.36%	-18.55%	-10.81%
Max Drawdown (1Y) Largest decline over 1 year	-19.48%	—	—
Current Drawdown Current decline from peak	-1.69%	-1.46%	-0.23%
Average Drawdown Average peak-to-trough decline	-5.14%	-5.17%	+0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.06%	—	—

Volatility

Volatility by Period

	ALAI	TRUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.97%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.57%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.06%	21.53%	+2.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.41%	21.53%	+6.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.41%	21.53%	+6.88%

ALAI vs. TRUT - Expense Ratio Comparison

ALAI has a 0.55% expense ratio, which is higher than TRUT's 0.13% expense ratio.

Dividends

ALAI vs. TRUT - Dividend Comparison

ALAI's dividend yield for the trailing twelve months is around 1.18%, more than TRUT's 0.19% yield.

Position	TTM	2025	2024
ALAI Alger AI Enablers & Adopters ETF	1.18%	1.50%	0.66%
TRUT Vaneck Technology Trusector ETF	0.19%	0.14%	0.00%

Frequently Asked Questions

Can I hold both ALAI and TRUT in my portfolio?

ALAI and TRUT have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ALAI or TRUT?

On fees, TRUT is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ALAI or TRUT?

TRUT is cheaper with a 0.13% expense ratio, compared with 0.55% for ALAI.

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

ALAI has the higher dividend yield at 1.18%, compared with 0.19% for TRUT.

What is the main difference between ALAI and TRUT?

They also come from different issuers: Alger and VanEck. Their fees differ too: 0.55% for ALAI and 0.13% for TRUT.