ALAI vs CEPI
Alger AI Enablers & Adopters ETF vs REX Crypto Equity Premium Income ETF
Which is better, ALAI or CEPI?
ALAI has been ahead.
ALAI has a lower expense ratio. ALAI led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91.
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 | CEPI |
|---|---|---|
| Expense Ratio | 0.58%Best | 0.85% |
| AUM | $2.1B | $109M |
| Dividend Yield | 1.31% | 48.28% |
| Holdings | 146 | 205 |
| YTD Return | +6.58%Best | +3.94% |
| 1Y Return | +6.51%Best | -2.62% |
| Volatility (annualized) | 29.6% | 26.5%Best |
| Max Drawdown | -29.4% | -28.9%Best |
| $10,000 over 1.9 years | $14,383Best | $11,081 |
| Fund Family | Alger | REX Shares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 4, 2024 | Dec 4, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Dec 4, 2024 to Nov 6, 2026 (1.9 years).
ALAI vs CEPI 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 1.9 years both funds cover.
ALAI vs CEPI Performance
Alger AI Enablers & Adopters ETF (ALAI) is an ETF from Alger and REX Crypto Equity Premium Income ETF (CEPI) is an ETF from REX Shares. Over the past year ALAI returned +6.51% while CEPI returned -2.62%. Year to date, ALAI is up 6.58% versus a gain of 3.94% for CEPI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ALAI has been the more volatile fund, with annualized monthly volatility of 29.6% compared with 26.5% for CEPI. 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 -28.9% for CEPI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ALAI charges 0.58% per year while CEPI charges 0.85%. On a $10,000 position that is $58 vs $85 annually, a gap of $27 per year that compounds over a long holding period. On income, ALAI currently yields 1.31% against 48.28% for CEPI.
Holdings Overlap
At least 35.2% of CEPI'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.
8 positions in common, counted across the 58 positions we hold weights for in ALAI and 26 in CEPI, against full books of 146 and 205.
Top Shared Holdings
| Stock | Weight in ALAI | Weight in CEPI | Difference |
|---|---|---|---|
| NVDANvidia Corp | 13.17% | 5.14% | 8.03% |
| 2330:TWTaiwan Semiconductor Manufacturing Co Ltd | 5.93% | 4.93% | 1.00% |
| TSLATesla Inc | 1.65% | 5.51% | 3.86% |
| MUMicron Technology, Inc. | 2.42% | 4.67% | 2.25% |
| AMDAdvanced Micro Devices Inc | 2.23% | 4.70% | 2.47% |
| HOODRobinhood Markets Inc - A | 1.46% | 4.75% | 3.29% |
| IREN:AUIris Energy Ltd. | 0.38% | 3.68% | 3.30% |
| CLSKCleanspark Inc | 0.52% | 1.79% | 1.27% |
35.2% of CEPI 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.
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Frequently Asked Questions
Which is cheaper, ALAI or CEPI?
ALAI has an expense ratio of 0.58% while CEPI charges 0.85%. ALAI is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, ALAI or CEPI?
Over the past year ALAI returned +6.51% vs -2.62% for CEPI, so ALAI leads on 1-year performance. Over the longest common window we track (2 years), ALAI annualized +21.08% vs +5.55% for CEPI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ALAI or CEPI?
ALAI has been the more volatile fund at 29.6% annualized versus 26.5% for CEPI. Worst drawdown: ALAI -29.4% vs CEPI -28.9%.
Should I hold both ALAI and CEPI?
ALAI and CEPI have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between ALAI and CEPI?
At least 35.2% of CEPI's money is in holdings ALAI also owns. Our book for ALAI is partial, so the real figure is this or higher. They hold 8 positions in common, counted across the 58 positions we hold weights for in ALAI and 26 in CEPI.
Which pays a higher dividend, ALAI or CEPI?
ALAI yields 1.31% while CEPI yields 48.28%, so CEPI currently pays the higher dividend yield.
Is CEPI better than ALAI?
ALAI has a lower expense ratio. ALAI led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. Which one suits a particular account depends on what it is for. This is information, not a recommendation.