ALAI vs GCAD
Alger AI Enablers & Adopters ETF vs Gabelli Commercial Aerospace and Defense Fund
Which is better, ALAI or GCAD?
Each has led over a different period.
GCAD has a lower expense ratio. ALAI led over the full window, GCAD 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 | GCAD |
|---|---|---|
| Expense Ratio | 0.58% | 0.10%Best |
| AUM | $2.1B | $42M |
| Dividend Yield | 1.31% | 1.96% |
| Holdings | 146 | 115 |
| YTD Return | +11.46%Best | +4.28% |
| 1Y Return | +11.14% | +11.66%Best |
| 3Y Return (annualized) | - | +27.47% |
| Volatility (annualized) | 26.4% | 17.7%Best |
| Max Drawdown | -29.4% | -19.2%Best |
| $10,000 over 2.6 years | $20,574Best | $17,344 |
| Fund Family | Alger | Gabelli Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 4, 2024 | Jan 3, 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 GCAD 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 GCAD Performance
Alger AI Enablers & Adopters ETF (ALAI) is an ETF from Alger and Gabelli Commercial Aerospace and Defense Fund (GCAD) is an ETF from Gabelli Funds. Over the past year ALAI returned +11.14% while GCAD returned +11.66%. Year to date, ALAI is up 11.46% versus a gain of 4.28% for GCAD.
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 17.7% for GCAD. 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 -19.2% for GCAD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.41. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ALAI charges 0.58% per year while GCAD charges 0.10%. On a $10,000 position that is $58 vs $10 annually, a gap of $48 per year that compounds over a long holding period. On income, ALAI currently yields 1.31% against 1.96% for GCAD.
Holdings Overlap
We hold position weights for 58 holdings in ALAI and 51 in GCAD, totalling 95.0% and 95.0% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 2 positions appear in both.
2 positions in common, counted across the 58 positions we hold weights for in ALAI and 51 in GCAD, against full books of 146 and 115.
You are not choosing between two funds in isolation.
Whichever of ALAI and GCAD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ALAI or GCAD?
ALAI has an expense ratio of 0.58% while GCAD charges 0.10%. GCAD is the cheaper option, by $48 a year on a $10,000 investment.
Which performed better, ALAI or GCAD?
Over the past year ALAI returned +11.14% vs +11.66% for GCAD, so GCAD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ALAI or GCAD?
ALAI has been the more volatile fund at 26.4% annualized versus 17.7% for GCAD. Worst drawdown: ALAI -29.4% vs GCAD -19.2%.
Should I hold both ALAI and GCAD?
ALAI and GCAD have a monthly-return correlation of 0.41, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, ALAI or GCAD?
ALAI yields 1.31% while GCAD yields 1.96%, so GCAD currently pays the higher dividend yield.
Is GCAD better than ALAI?
GCAD has a lower expense ratio. ALAI led over the full window, GCAD over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.