ALAI vs BELT
Alger AI Enablers & Adopters ETF vs iShares US Select Equity Active ETF
Which is better, ALAI or BELT?
Each has led over a different period.
ALAI has a lower expense ratio. ALAI led over the full window, BELT 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 | BELT |
|---|---|---|
| Expense Ratio | 0.58%Best | 0.75% |
| AUM | $2.1B | $10M |
| Dividend Yield | 1.31% | 0.02% |
| Holdings | 146 | 20 |
| Volatility (annualized) | 26.6% | 18.8%Best |
| Max Drawdown | -29.4% | -23.1%Best |
| $10,000 over 2.1 years | $20,493Best | $13,054 |
| Fund Family | Alger | BlackRock, Inc. (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 4, 2024 | Jun 17, 2024 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 92 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. ALAI has data through Nov 12, 2026 and BELT through Aug 12, 2026.
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Jun 18, 2024 to Aug 12, 2026 (2.1 years).
Risk: Volatility and Drawdowns
ALAI has been the more volatile fund, with annualized monthly volatility of 26.6% compared with 18.8% for BELT. 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 -29.4% for ALAI and -23.1% for BELT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ALAI charges 0.58% per year while BELT charges 0.75%. On a $10,000 position that is $58 vs $75 annually, a gap of $17 per year that compounds over a long holding period. On income, ALAI currently yields 1.31% against 0.02% for BELT.
Holdings Overlap
At least 47.6% of BELT'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.
The two holdings books were reported 58 days apart, ALAI as of Oct 2, 2026 and BELT as of Aug 5, 2026, so some of the difference between them is the time between the two reports rather than the funds.
9 positions in common, counted across the 58 positions we hold weights for in ALAI and 19 in BELT, against full books of 146 and 20.
Top Shared Holdings
| Stock | Weight in ALAI | Weight in BELT | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 8.15% | 6.27% | 1.88% |
| AMZNAmazon.Com Inc | 4.83% | 8.66% | 3.83% |
| GOOGAlphabet Inc. C | 4.62% | 8.04% | 3.42% |
| AVGOBroadcom Inc | 3.72% | 7.97% | 4.25% |
| METAMeta Platforms Inc | 5.14% | 4.02% | 1.12% |
| AMDAdvanced Micro Devices Inc | 2.23% | 3.41% | 1.18% |
| ASL:ASAsml Holding Nv Unsponsored Adr Ordinary Shares | 0.55% | 4.81% | 4.26% |
| HOODRobinhood Markets Inc - A | 1.46% | 1.80% | 0.34% |
| SPGIS&p Global Inc. | 0.36% | 2.61% | 2.25% |
47.6% of BELT 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 BELT?
ALAI has an expense ratio of 0.58% while BELT charges 0.75%. ALAI is the cheaper option, by $17 a year on a $10,000 investment.
Which is riskier, ALAI or BELT?
ALAI has been the more volatile fund at 26.6% annualized versus 18.8% for BELT. Worst drawdown: ALAI -29.4% vs BELT -23.1%.
Should I hold both ALAI and BELT?
ALAI and BELT have a monthly-return correlation of 0.85, 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 BELT?
At least 47.6% of BELT's money is in holdings ALAI also owns. Our book for ALAI is partial, so the real figure is this or higher. They hold 9 positions in common, counted across the 58 positions we hold weights for in ALAI and 19 in BELT.
Which pays a higher dividend, ALAI or BELT?
ALAI yields 1.31% while BELT yields 0.02%, so ALAI currently pays the higher dividend yield.
Is BELT better than ALAI?
ALAI has a lower expense ratio. ALAI led over the full window, BELT over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.