ATFV vs. ALAI

Last updated Jun 23, 2026

ATFV (Alger 35 ETF) and ALAI (Alger AI Enablers & Adopters ETF) are both exchange-traded funds - ATFV is a Large Cap Growth Equities fund tracking the S&P 500, while ALAI is a Technology Equities fund actively managed by Alger. ATFV is passively managed, while ALAI is actively managed. Over the past year, ATFV returned 47.46% vs 61.78% for ALAI. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.55% expense ratio.

Performance

ATFV vs. ALAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger 35 ETF (ATFV) and Alger AI Enablers & Adopters ETF (ALAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ATFV achieves a 17.12% return, which is significantly lower than ALAI's 27.78% return.

ATFV

• 1D: -1.85%
• 1M: 4.20%
• YTD: 17.12%
• 6M: 14.98%
• 1Y: 47.46%
• 3Y*: 38.51%
• 5Y*: 14.28%
• 10Y*: —

ALAI

• 1D: -1.30%
• 1M: 5.90%
• YTD: 27.78%
• 6M: 25.70%
• 1Y: 61.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ATFV vs. ALAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ATFV Alger 35 ETF	17.12%	38.20%	27.02%
ALAI Alger AI Enablers & Adopters ETF	27.78%	39.81%	32.38%

Correlation

The correlation between ATFV and ALAI is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (All Time) Calculated using the full available price history since Apr 5, 2024	0.91

The correlation between ATFV and ALAI has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

ATFV vs. ALAI - Sectors Allocation Comparison

Sectors	ATFV	ALAI
Technology	43.8%	54.7%
Communication Services	24.8%	21.1%
Consumer Cyclical	9.7%	12.7%
Healthcare	8.7%	2.0%
Industrials	6.5%	2.2%
Utilities	5.4%	2.8%
Financial Services	1.1%	4.0%
Basic Materials	-	0.5%
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	-

Return for Risk

ATFV vs. ALAI — Risk / Return Rank

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

ATFV

ATFV Risk / Return Rank: 55
ATFV Sharpe Ratio Rank: 60
ATFV Sortino Ratio Rank: 55
ATFV Omega Ratio Rank: 53
ATFV Calmar Ratio Rank: 54
ATFV Martin Ratio Rank: 52

ALAI

ALAI Risk / Return Rank: 68
ALAI Sharpe Ratio Rank: 79
ALAI Sortino Ratio Rank: 69
ALAI Omega Ratio Rank: 67
ALAI Calmar Ratio Rank: 66
ALAI Martin Ratio Rank: 58

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.

ATFV vs. ALAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger 35 ETF (ATFV) and Alger AI Enablers & Adopters ETF (ALAI). 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.

	ATFV	ALAI	Difference
Sharpe ratio: Return per unit of total volatility	1.94	2.41	-0.47
Sortino ratio: Return per unit of downside risk	2.57	3.01	-0.44
Omega ratio: Gain probability vs. loss probability	1.32	1.39	-0.07
Calmar ratio: Return relative to maximum drawdown	2.61	3.19	-0.58
Martin ratio: Return relative to average drawdown	8.73	10.01	-1.29

ATFV vs. ALAI - Sharpe Ratio Comparison

The current ATFV Sharpe Ratio is 1.94, which is comparable to the ALAI Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of ATFV and ALAI, 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

ATFV vs. ALAI - Drawdown Comparison

The maximum ATFV drawdown since its inception was -45.34%, which is greater than ALAI's maximum drawdown of -29.36%. Use the drawdown chart below to compare losses from any high point for ATFV and ALAI.

Drawdown Indicators

	ATFV	ALAI	Difference
Max Drawdown Largest peak-to-trough decline	-45.34%	-29.36%	-15.98%
Max Drawdown (1Y) Largest decline over 1 year	-18.29%	-19.48%	+1.19%
Max Drawdown (3Y) Largest decline over 3 years	-29.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.34%	—	—
Current Drawdown Current decline from peak	-2.17%	-1.30%	-0.87%
Average Drawdown Average peak-to-trough decline	-17.69%	-5.12%	-12.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.45%	6.19%	-0.74%

Volatility

ATFV vs. ALAI - Volatility Comparison

Alger 35 ETF (ATFV) and Alger AI Enablers & Adopters ETF (ALAI) have volatilities of 10.78% and 10.54%, 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.

Volatility by Period

	ATFV	ALAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.78%	10.54%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	19.20%	20.43%	-1.23%
Volatility (1Y) Calculated over the trailing 1-year period	24.65%	25.82%	-1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.90%	28.83%	-1.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.72%	28.83%	-2.11%

ATFV vs. ALAI - Expense Ratio Comparison

Both ATFV and ALAI have an expense ratio of 0.55%.

Dividends

ATFV vs. ALAI - Dividend Comparison

ATFV's dividend yield for the trailing twelve months is around 0.17%, less than ALAI's 1.17% yield.

Position	TTM	2025	2024	2023	2022
ALAI Alger AI Enablers & Adopters ETF	1.17%	1.50%	0.66%	0.00%	0.00%
ATFV Alger 35 ETF	0.17%	0.20%	0.16%	0.01%	0.06%

Frequently Asked Questions

Can I hold both ATFV and ALAI in my portfolio?

With a correlation of 0.92, ATFV and ALAI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ATFV or ALAI?

ATFV has higher volatility (10.78%) compared to ALAI (10.54%). In terms of maximum drawdown, ATFV dropped -45.34% vs ALAI's -29.36%.

Which ETF is better, ATFV or ALAI?

On 1-year performance, ALAI leads with 61.78% vs 47.46% for ATFV. Both ETFs have the same 0.55% expense ratio. On volatility, ALAI has been the lower-risk option at 10.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ATFV or ALAI?

Over the 1-year period, ALAI has performed better with a 61.78% return vs 47.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ATFV or ALAI?

ATFV and ALAI have the same expense ratio: 0.55% per year.

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

ALAI has the higher dividend yield at 1.17%, compared with 0.17% for ATFV.

What is the main difference between ATFV and ALAI?

ATFV is categorized as Large Cap Growth Equities, while ALAI is Technology Equities. They also come from different issuers: Alger Group Holdings LLC and Alger.

Which has better risk-adjusted returns?

ALAI currently has the higher Sharpe Ratio (2.41 vs 1.94), 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.