TRFM vs. ALAI
Compare and contrast key facts about AAM Transformers ETF (TRFM) and Alger AI Enablers & Adopters ETF (ALAI).
TRFM and ALAI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. ALAI is an actively managed fund by Alger. It was launched on Apr 4, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRFM or ALAI.
Key characteristics
| TRFM | ALAI | |
|---|---|---|
| Daily Std Dev | 21.69% | 23.91% |
| Max Drawdown | -26.91% | -15.99% |
| Current Drawdown | -7.49% | -4.11% |
Correlation
The correlation between TRFM and ALAI 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
TRFM vs. ALAI - 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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TRFM vs. ALAI - Expense Ratio Comparison
TRFM has a 0.49% expense ratio, which is lower than ALAI's 0.55% expense ratio.
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.
Not enough dataDividends
TRFM vs. ALAI - Dividend Comparison
Neither TRFM nor ALAI has paid dividends to shareholders.
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.
Volatility
TRFM vs. ALAI - Volatility Comparison
AAM Transformers ETF (TRFM) and Alger AI Enablers & Adopters ETF (ALAI) have volatilities of 7.16% and 7.44%, 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.