ALAI vs HIDV
Alger AI Enablers & Adopters ETF vs AB US High Dividend ETF
Which is better, ALAI or HIDV?
Each has led over a different period.
HIDV has a lower expense ratio. ALAI led over the full window, HIDV 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 | HIDV |
|---|---|---|
| Expense Ratio | 0.58% | 0.35%Best |
| AUM | $2.1B | $200M |
| Dividend Yield | 1.31% | 2.54% |
| Holdings | 146 | 218 |
| YTD Return | +12.15% | +13.17%Best |
| 1Y Return | +10.90% | +15.59%Best |
| 3Y Return (annualized) | - | +21.85% |
| Volatility (annualized) | 26.4% | 11.4%Best |
| Max Drawdown | -29.4% | -18.8%Best |
| $10,000 over 2.6 years | $20,716Best | $15,045 |
| Fund Family | Alger | AllianceBernstein L.P. |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 4, 2024 | Mar 22, 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 11, 2026 (2.6 years).
ALAI vs HIDV 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 HIDV Performance
Alger AI Enablers & Adopters ETF (ALAI) is an ETF from Alger and AB US High Dividend ETF (HIDV) is an ETF from AllianceBernstein L.P.. Over the past year ALAI returned +10.90% while HIDV returned +15.59%. Year to date, ALAI is up 12.15% versus a gain of 13.17% for HIDV.
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 11.4% for HIDV. 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 -18.8% for HIDV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ALAI charges 0.58% per year while HIDV charges 0.35%. On a $10,000 position that is $58 vs $35 annually, a gap of $23 per year that compounds over a long holding period. On income, ALAI currently yields 1.31% against 2.54% for HIDV.
Holdings Overlap
At least 35.9% of HIDV'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.
12 positions in common, counted across the 58 positions we hold weights for in ALAI and 107 in HIDV, against full books of 146 and 218.
Top Shared Holdings
| Stock | Weight in ALAI | Weight in HIDV | Difference |
|---|---|---|---|
| NVDANvidia Corp | 13.17% | 9.18% | 3.99% |
| MSFTMicrosoft Corp | 8.15% | 5.50% | 2.65% |
| AAPLApple Inc | 1.76% | 7.15% | 5.39% |
| AMZNAmazon.Com Inc | 4.83% | 2.99% | 1.84% |
| METAMeta Platforms Inc | 5.14% | 1.64% | 3.50% |
| GOOGAlphabet Inc. C | 4.62% | 1.66% | 2.96% |
| AVGOBroadcom Inc | 3.72% | 1.77% | 1.95% |
| MUMicron Technology, Inc. | 2.42% | 2.32% | 0.10% |
| AMDAdvanced Micro Devices Inc | 2.23% | 0.69% | 1.54% |
| TSLATesla Inc | 1.65% | 0.80% | 0.85% |
35.9% of HIDV 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 HIDV?
ALAI has an expense ratio of 0.58% while HIDV charges 0.35%. HIDV is the cheaper option, by $23 a year on a $10,000 investment.
Which performed better, ALAI or HIDV?
Over the past year ALAI returned +10.90% vs +15.59% for HIDV, so HIDV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ALAI or HIDV?
ALAI has been the more volatile fund at 26.4% annualized versus 11.4% for HIDV. Worst drawdown: ALAI -29.4% vs HIDV -18.8%.
Should I hold both ALAI and HIDV?
ALAI and HIDV have a monthly-return correlation of 0.68, 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 HIDV?
At least 35.9% of HIDV's money is in holdings ALAI also owns. Our book for ALAI is partial, so the real figure is this or higher. They hold 12 positions in common, counted across the 58 positions we hold weights for in ALAI and 107 in HIDV.
Which pays a higher dividend, ALAI or HIDV?
ALAI yields 1.31% while HIDV yields 2.54%, so HIDV currently pays the higher dividend yield.
Is HIDV better than ALAI?
HIDV has a lower expense ratio. ALAI led over the full window, HIDV over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.