ALAI vs ALRG
Alger AI Enablers & Adopters ETF vs Allspring LT Large Core ETF
Which is better, ALAI or ALRG?
Each has led over a different period.
ALRG has a lower expense ratio. ALAI led over the full window, ALRG over 1Y.
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 | ALAI | ALRG |
|---|---|---|
| Expense Ratio | 0.58% | 0.28%Best |
| AUM | $2.1B | $8M |
| Dividend Yield | 1.31% | 0.42% |
| Holdings | 146 | 104 |
| YTD Return | +11.46% | +13.29%Best |
| 1Y Return | +11.14% | +13.86%Best |
| Volatility (annualized) | 27.7% | 11.7%Best |
| Max Drawdown | -21.1% | -9.3%Best |
| $10,000 over 1.3 years | $13,372Best | $12,605 |
| Fund Family | Alger | Allspring Global Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 4, 2024 | Jul 8, 2025 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jul 8, 2025 to Nov 12, 2026 (1.3 years).
ALAI vs ALRG 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 1.3 years both funds cover.
ALAI vs ALRG Performance
Alger AI Enablers & Adopters ETF (ALAI) is an ETF from Alger and Allspring LT Large Core ETF (ALRG) is an ETF from Allspring Global Investments. Over the past year ALAI returned +11.14% while ALRG returned +13.86%. Year to date, ALAI is up 11.46% versus a gain of 13.29% for ALRG.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ALAI has been the more volatile fund, with annualized monthly volatility of 27.7% compared with 11.7% for ALRG. 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 -21.1% for ALAI and -9.3% for ALRG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ALAI charges 0.58% per year while ALRG charges 0.28%. On a $10,000 position that is $58 vs $28 annually, a gap of $30 per year that compounds over a long holding period. On income, ALAI currently yields 1.31% against 0.42% for ALRG.
Holdings Overlap
At least 45.7% of ALRG'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.
The two portfolios partly overlap.
11 positions in common, counted across the 58 positions we hold weights for in ALAI and 50 in ALRG, against full books of 146 and 104.
Top Shared Holdings
| Stock | Weight in ALAI | Weight in ALRG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 13.17% | 5.43% | 7.74% |
| MSFTMicrosoft Corp | 8.15% | 7.79% | 0.36% |
| AAPLApple Inc | 1.76% | 8.81% | 7.05% |
| GOOGAlphabet Inc. C | 4.62% | 5.53% | 0.91% |
| AMZNAmazon.Com Inc | 4.83% | 4.79% | 0.04% |
| METAMeta Platforms Inc | 5.14% | 2.86% | 2.28% |
| AVGOBroadcom Inc | 3.72% | 3.83% | 0.11% |
| AMDAdvanced Micro Devices Inc | 2.23% | 2.75% | 0.52% |
| ETNEaton Corporation Plc Ordinary Shares | 0.69% | 1.30% | 0.61% |
| ASL:ASAsml Holding Nv Unsponsored Adr Ordinary Shares | 0.55% | 1.41% | 0.86% |
45.7% of ALRG 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, ALAI or ALRG?
ALAI has an expense ratio of 0.58% while ALRG charges 0.28%. ALRG is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, ALAI or ALRG?
Over the past year ALAI returned +11.14% vs +13.86% for ALRG, so ALRG leads on 1-year performance. Over the longest common window we track (1 years), ALAI annualized +25.05% vs +19.49% for ALRG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ALAI or ALRG?
ALAI has been the more volatile fund at 27.7% annualized versus 11.7% for ALRG. Worst drawdown: ALAI -21.1% vs ALRG -9.3%.
Should I hold both ALAI and ALRG?
ALAI and ALRG have a monthly-return correlation of 0.69, 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 ALAI and ALRG?
At least 45.7% of ALRG's money is in holdings ALAI also owns. Our book for ALAI is partial, so the real figure is this or higher. They hold 11 positions in common, counted across the 58 positions we hold weights for in ALAI and 50 in ALRG.
Which pays a higher dividend, ALAI or ALRG?
ALAI yields 1.31% while ALRG yields 0.42%, so ALAI currently pays the higher dividend yield.
Is ALRG better than ALAI?
ALRG has a lower expense ratio. ALAI led over the full window, ALRG over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.