AFLG vs ALAI
First Trust Active Factor Large Cap ETF vs Alger AI Enablers & Adopters ETF
Which is better, AFLG or ALAI?
Each has led over a different period.
AFLG has a lower expense ratio. AFLG led over 1Y, ALAI over the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AFLG | ALAI |
|---|---|---|
| Expense Ratio | 0.55%Best | 0.58% |
| AUM | $906M | $2.1B |
| Dividend Yield | 0.71% | 1.31% |
| Holdings | 434 | 146 |
| YTD Return | +12.32%Best | +11.46% |
| 1Y Return | +12.88%Best | +11.14% |
| 3Y Return (annualized) | +21.11% | - |
| 5Y Return (annualized) | +11.08% | - |
| Volatility (annualized) | 10.8%Best | 26.4% |
| Max Drawdown | -17.5%Best | -29.4% |
| $10,000 over 2.6 years | $14,555 | $20,574Best |
| Fund Family | First Trust Portfolios (US) | Alger |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 4, 2019 | Apr 4, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Apr 5, 2024 to Nov 12, 2026 (2.6 years).
AFLG vs ALAI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.6 years both funds cover.
AFLG vs ALAI Performance
First Trust Active Factor Large Cap ETF (AFLG) is an ETF from First Trust Portfolios (US) and Alger AI Enablers & Adopters ETF (ALAI) is an ETF from Alger. Over the past year AFLG returned +12.88% while ALAI returned +11.14%. Year to date, AFLG is up 12.32% versus a gain of 11.46% for ALAI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ALAI has been the more volatile fund, with annualized monthly volatility of 26.4% compared with 10.8% for AFLG. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -17.5% for AFLG and -29.4% for ALAI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AFLG charges 0.55% per year while ALAI charges 0.58%. On a $10,000 position that is $55 vs $58 annually, a gap of $3 per year that compounds over a long holding period. On income, AFLG currently yields 0.71% against 1.31% for ALAI.
Holdings Overlap
At least 27.9% of AFLG's money is in holdings ALAI also owns.
Stated as a floor: for ALAI, our book for it covers 95.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
AFLG and ALAI share little of their money.
16 positions in common, counted across the 216 positions we hold weights for in AFLG and 58 in ALAI, against full books of 434 and 146.
Top Shared Holdings
| Stock | Weight in AFLG | Weight in ALAI | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.82% | 13.17% | 5.35% |
| MSFTMicrosoft Corp | 4.26% | 8.15% | 3.89% |
| AAPLApple Inc | 6.79% | 1.76% | 5.03% |
| AMZNAmazon.Com Inc | 2.35% | 4.83% | 2.48% |
| METAMeta Platforms Inc | 0.99% | 5.14% | 4.15% |
| AVGOBroadcom Inc | 2.36% | 3.72% | 1.36% |
| MUMicron Technology, Inc. | 0.79% | 2.42% | 1.63% |
| AMDAdvanced Micro Devices Inc | 0.41% | 2.23% | 1.82% |
| WDCWestern Digital Corp. | 0.15% | 1.78% | 1.63% |
| TSLATesla Inc | 0.27% | 1.65% | 1.38% |
27.9% of AFLG is already inside ALAI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AFLG or ALAI?
AFLG has an expense ratio of 0.55% while ALAI charges 0.58%. AFLG is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, AFLG or ALAI?
Over the past year AFLG returned +12.88% vs +11.14% for ALAI, so AFLG leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AFLG or ALAI?
ALAI has been the more volatile fund at 26.4% annualized versus 10.8% for AFLG. Worst drawdown: AFLG -17.5% vs ALAI -29.4%.
Should I hold both AFLG and ALAI?
AFLG and ALAI have a monthly-return correlation of 0.72, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between AFLG and ALAI?
At least 27.9% of AFLG's money is in holdings ALAI also owns. Our book for ALAI is partial, so the real figure is this or higher. They hold 16 positions in common, counted across the 216 positions we hold weights for in AFLG and 58 in ALAI.
Which pays a higher dividend, AFLG or ALAI?
AFLG yields 0.71% while ALAI yields 1.31%, so ALAI currently pays the higher dividend yield.
Is ALAI better than AFLG?
AFLG has a lower expense ratio. AFLG led over 1Y, ALAI over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.