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TRFM vs. ALAI
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

TRFM vs. ALAI - Performance Comparison

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

-10.00%0.00%10.00%20.00%JuneJulyAugustSeptemberOctoberNovember
15.44%
24.16%
TRFM
ALAI

Returns By Period


TRFM

YTD

23.98%

1M

11.72%

6M

15.44%

1Y

37.13%

5Y (annualized)

N/A

10Y (annualized)

N/A

ALAI

YTD

N/A

1M

9.03%

6M

24.16%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


TRFMALAI
Daily Std Dev20.82%22.63%
Max Drawdown-26.91%-15.99%
Current Drawdown0.00%-0.23%

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TRFM vs. ALAI - Expense Ratio Comparison

TRFM has a 0.49% expense ratio, which is lower than ALAI's 0.55% expense ratio.


ALAI
Alger AI Enablers & Adopters ETF
Expense ratio chart for ALAI: current value at 0.55% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.55%
Expense ratio chart for TRFM: current value at 0.49% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.49%

Correlation

-0.50.00.51.00.8

The correlation between TRFM and ALAI is 0.80, 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.

Risk-Adjusted Performance

TRFM vs. ALAI - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for AAM Transformers ETF (TRFM) 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.


Sharpe ratio
The chart of Sharpe ratio for TRFM, currently valued at 1.78, compared to the broader market0.002.004.001.78
The chart of Sortino ratio for TRFM, currently valued at 2.34, compared to the broader market-2.000.002.004.006.008.0010.0012.002.34
The chart of Omega ratio for TRFM, currently valued at 1.31, compared to the broader market0.501.001.502.002.503.001.31
The chart of Calmar ratio for TRFM, currently valued at 2.31, compared to the broader market0.005.0010.0015.002.31
The chart of Martin ratio for TRFM, currently valued at 8.20, compared to the broader market0.0020.0040.0060.0080.00100.00120.008.20
TRFM
ALAI

Chart placeholderNot enough data

Dividends

TRFM vs. ALAI - Dividend Comparison

Neither TRFM nor ALAI has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

TRFM vs. ALAI - Drawdown Comparison

The maximum TRFM drawdown since its inception was -26.91%, which is greater than ALAI's maximum drawdown of -15.99%. Use the drawdown chart below to compare losses from any high point for TRFM and ALAI. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-0.23%
TRFM
ALAI

Volatility

TRFM vs. ALAI - Volatility Comparison

The current volatility for AAM Transformers ETF (TRFM) is 5.95%, while Alger AI Enablers & Adopters ETF (ALAI) has a volatility of 6.60%. This indicates that TRFM experiences smaller price fluctuations and is considered to be less risky than ALAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
5.95%
6.60%
TRFM
ALAI