ALAI vs GDE
Alger AI Enablers & Adopters ETF vs WisdomTree Efficient Gold Plus Equity Strategy Fund
Which is better, ALAI or GDE?
ALAI has been ahead.
GDE has a lower expense ratio. ALAI led over 1Y and the full window.
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 | GDE |
|---|---|---|
| Expense Ratio | 0.58% | 0.20%Best |
| AUM | $2.1B | $381M |
| Dividend Yield | 1.31% | 17.11% |
| Holdings | 146 | 1,017 |
| YTD Return | +12.15%Best | -15.20% |
| 1Y Return | +10.90%Best | -12.23% |
| 3Y Return (annualized) | - | +34.03% |
| Volatility (annualized) | 26.4% | 24.4%Best |
| Max Drawdown | -29.4%Best | -32.9% |
| $10,000 over 2.6 years | $20,716Best | $17,986 |
| Fund Family | Alger | WisdomTree Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 4, 2024 | Mar 17, 2022 |
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 11, 2026 (2.6 years).
ALAI vs GDE 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 GDE Performance
Alger AI Enablers & Adopters ETF (ALAI) is an ETF from Alger and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) is an ETF from WisdomTree Investments. Over the past year ALAI returned +10.90% while GDE returned -12.23%. Year to date, ALAI is up 12.15% versus a loss of 15.20% for GDE.
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 24.4% for GDE. 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 -32.9% for GDE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.43. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ALAI charges 0.58% per year while GDE charges 0.20%. On a $10,000 position that is $58 vs $20 annually, a gap of $38 per year that compounds over a long holding period. On income, ALAI currently yields 1.31% against 17.11% for GDE.
Holdings Overlap
At least 37.5% of GDE'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.
33 positions in common, counted across the 58 positions we hold weights for in ALAI and 492 in GDE, against full books of 146 and 1,017.
Top Shared Holdings
| Stock | Weight in ALAI | Weight in GDE | Difference |
|---|---|---|---|
| NVDANvidia Corp | 13.17% | 8.25% | 4.92% |
| MSFTMicrosoft Corp | 8.15% | 6.08% | 2.07% |
| AAPLApple Inc | 1.76% | 7.89% | 6.13% |
| AMZNAmazon.Com Inc | 4.83% | 3.99% | 0.84% |
| AVGOBroadcom Inc | 3.72% | 2.32% | 1.40% |
| MUMicron Technology, Inc. | 2.42% | 1.53% | 0.89% |
| AMDAdvanced Micro Devices Inc | 2.23% | 1.42% | 0.81% |
| STXSeagate Technolo | 3.35% | 0.08% | 3.27% |
| TSLATesla Inc | 1.65% | 1.62% | 0.03% |
| LITELumentum Holdings Inc | 2.19% | 0.06% | 2.13% |
37.5% of GDE 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 GDE?
ALAI has an expense ratio of 0.58% while GDE charges 0.20%. GDE is the cheaper option, by $38 a year on a $10,000 investment.
Which performed better, ALAI or GDE?
Over the past year ALAI returned +10.90% vs -12.23% for GDE, 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 GDE?
ALAI has been the more volatile fund at 26.4% annualized versus 24.4% for GDE. Worst drawdown: ALAI -29.4% vs GDE -32.9%.
Should I hold both ALAI and GDE?
ALAI and GDE have a monthly-return correlation of 0.43, 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 GDE?
At least 37.5% of GDE's money is in holdings ALAI also owns. Our book for ALAI is partial, so the real figure is this or higher. They hold 33 positions in common, counted across the 58 positions we hold weights for in ALAI and 492 in GDE.
Which pays a higher dividend, ALAI or GDE?
ALAI yields 1.31% while GDE yields 17.11%, so GDE currently pays the higher dividend yield.
Is GDE better than ALAI?
GDE has a lower expense ratio. ALAI led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.