ALAI vs GDV
Alger AI Enablers & Adopters ETF vs Gabelli Dividend & Income Trust
Which is better, ALAI or GDV?
Each has led over a different period.
ALAI has a lower expense ratio. ALAI led over the full window, GDV 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 | GDV |
|---|---|---|
| Expense Ratio | 0.58%Best | 1.30% |
| AUM | $2.1B | $3.3B |
| Dividend Yield | 1.31% | 5.41% |
| Holdings | 146 | 766 |
| YTD Return | +12.15%Best | +11.00% |
| 1Y Return | +10.90% | +14.45%Best |
| 3Y Return (annualized) | - | +22.36% |
| 5Y Return (annualized) | - | +7.88% |
| Volatility (annualized) | 26.4% | 11.8%Best |
| Max Drawdown | -29.4% | -18.2%Best |
| $10,000 over 2.6 years | $20,716Best | $15,202 |
| Fund Family | Alger | Gabelli Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 4, 2024 | Nov 28, 2003 |
Not shown on this pair: 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 GDV 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 GDV Performance
Alger AI Enablers & Adopters ETF (ALAI) is an ETF from Alger and Gabelli Dividend & Income Trust (GDV) is an ETF from Gabelli Funds. Over the past year ALAI returned +10.90% while GDV returned +14.45%. Year to date, ALAI is up 12.15% versus a gain of 11.00% for GDV.
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 11.8% for GDV. 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 -18.2% for GDV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.47. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ALAI charges 0.58% per year while GDV charges 1.30%. On a $10,000 position that is $58 vs $130 annually, a gap of $72 per year that compounds over a long holding period. On income, ALAI currently yields 1.31% against 5.41% for GDV.
Holdings Overlap
We hold position weights for 58 holdings in ALAI and 709 in GDV, totalling 95.0% and 91.9% 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, 23 positions appear in both.
The two holdings books were reported 94 days apart, ALAI as of Oct 2, 2026 and GDV as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
23 positions in common, counted across the 58 positions we hold weights for in ALAI and 709 in GDV, against full books of 146 and 766.
Top Shared Holdings
| Stock | Weight in ALAI | Weight in GDV | Difference |
|---|---|---|---|
| NVDANvidia Corp | 13.17% | 1.19% | 11.98% |
| MSFTMicrosoft Corp | 8.15% | 1.13% | 7.02% |
| GOOGAlphabet Inc. C | 4.62% | 1.63% | 2.99% |
| 2330:TWTaiwan Semiconductor Manufacturing Co Ltd | 5.93% | 0.15% | 5.78% |
| METAMeta Platforms Inc | 5.14% | 0.56% | 4.58% |
| AMZNAmazon.Com Inc | 4.83% | 0.80% | 4.03% |
| AVGOBroadcom Inc | 3.72% | 0.56% | 3.16% |
| MUMicron Technology, Inc. | 2.42% | 0.69% | 1.73% |
| AAPLApple Inc | 1.76% | 0.87% | 0.89% |
| AMDAdvanced Micro Devices Inc | 2.23% | 0.06% | 2.17% |
You are not choosing between two funds in isolation.
Whichever of ALAI and GDV 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 GDV?
ALAI has an expense ratio of 0.58% while GDV charges 1.30%. ALAI is the cheaper option, by $72 a year on a $10,000 investment.
Which performed better, ALAI or GDV?
Over the past year ALAI returned +10.90% vs +14.45% for GDV, so GDV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ALAI or GDV?
ALAI has been the more volatile fund at 26.4% annualized versus 11.8% for GDV. Worst drawdown: ALAI -29.4% vs GDV -18.2%.
Should I hold both ALAI and GDV?
ALAI and GDV have a monthly-return correlation of 0.47, 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 GDV?
ALAI yields 1.31% while GDV yields 5.41%, so GDV currently pays the higher dividend yield.
Is GDV better than ALAI?
ALAI has a lower expense ratio. ALAI led over the full window, GDV over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.