ALAI vs FEPI
Alger AI Enablers & Adopters ETF vs REX FANG & Innovation Equity Premium Income ETF
Which is better, ALAI or FEPI?
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 0.90.
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 | FEPI |
|---|---|---|
| Expense Ratio | 0.58%Best | 0.65% |
| AUM | $2.1B | $632M |
| Dividend Yield | 1.31% | 26.65% |
| Holdings | 146 | 191 |
| YTD Return | +11.46%Best | +0.66% |
| 1Y Return | +11.14%Best | -0.28% |
| 3Y Return (annualized) | - | +18.73% |
| Volatility (annualized) | 26.4% | 17.5%Best |
| Max Drawdown | -29.4% | -23.6%Best |
| $10,000 over 2.6 years | $20,574Best | $13,756 |
| Fund Family | Alger | REX Shares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 4, 2024 | Oct 9, 2023 |
Not shown on this pair: 5Y Return (annualized), 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).
ALAI vs FEPI 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.
ALAI vs FEPI Performance
Alger AI Enablers & Adopters ETF (ALAI) is an ETF from Alger and REX FANG & Innovation Equity Premium Income ETF (FEPI) is an ETF from REX Shares. Over the past year ALAI returned +11.14% while FEPI returned -0.28%. Year to date, ALAI is up 11.46% versus a gain of 0.66% for FEPI.
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 17.5% for FEPI. 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 -23.6% for FEPI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. 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 FEPI charges 0.65%. On a $10,000 position that is $58 vs $65 annually, a gap of $7 per year that compounds over a long holding period. On income, ALAI currently yields 1.31% against 26.65% for FEPI.
Holdings Overlap
At least 68.6% of FEPI'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 20 in FEPI, against full books of 146 and 191.
Top Shared Holdings
| Stock | Weight in ALAI | Weight in FEPI | Difference |
|---|---|---|---|
| NVDANvidia Corp | 13.17% | 9.46% | 3.71% |
| MSFTMicrosoft Corp | 8.15% | 9.98% | 1.83% |
| AMZNAmazon.Com Inc | 4.83% | 9.34% | 4.51% |
| AAPLApple Inc | 1.76% | 9.24% | 7.48% |
| METAMeta Platforms Inc | 5.14% | 4.81% | 0.33% |
| AVGOBroadcom Inc | 3.72% | 4.29% | 0.57% |
| AMDAdvanced Micro Devices Inc | 2.23% | 4.69% | 2.46% |
| MUMicron Technology, Inc. | 2.42% | 4.14% | 1.72% |
| TSLATesla Inc | 1.65% | 4.35% | 2.70% |
| PLTRPalantir Technologies Inc. | 0.43% | 5.03% | 4.60% |
68.6% of FEPI 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 FEPI?
ALAI has an expense ratio of 0.58% while FEPI charges 0.65%. ALAI is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, ALAI or FEPI?
Over the past year ALAI returned +11.14% vs -0.28% for FEPI, so ALAI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ALAI or FEPI?
ALAI has been the more volatile fund at 26.4% annualized versus 17.5% for FEPI. Worst drawdown: ALAI -29.4% vs FEPI -23.6%.
Should I hold both ALAI and FEPI?
ALAI and FEPI have a monthly-return correlation of 0.90, 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 FEPI?
At least 68.6% of FEPI'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 20 in FEPI.
Which pays a higher dividend, ALAI or FEPI?
ALAI yields 1.31% while FEPI yields 26.65%, so FEPI currently pays the higher dividend yield.
Is FEPI 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 0.90. Which one suits a particular account depends on what it is for. This is information, not a recommendation.