ALAI vs HIDV

ALAI vs HIDV

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.

Lower Fees: HIDVHigher Returns: split

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

MetricALAIHIDV
Expense Ratio0.58%0.35%Best
AUM$2.1B$200M
Dividend Yield1.31%2.54%
Holdings146218
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 FamilyAlgerAllianceBernstein L.P.
CategoryEquityEquity
StyleLarge Cap BlendLarge Cap Blend
InceptionApr 4, 2024Mar 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.

Compare ALAI against instead:ALAI vs SPYALAI vs QQQALAI vs VOOALAI vs VTIHIDV against:HIDV vs VXUS

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

HIDV already in ALAI35.9%

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

StockWeight in ALAIWeight in HIDVDifference
NVDANvidia Corp13.17%9.18%3.99%
MSFTMicrosoft Corp8.15%5.50%2.65%
AAPLApple Inc1.76%7.15%5.39%
AMZNAmazon.Com Inc4.83%2.99%1.84%
METAMeta Platforms Inc5.14%1.64%3.50%
GOOGAlphabet Inc. C4.62%1.66%2.96%
AVGOBroadcom Inc3.72%1.77%1.95%
MUMicron Technology, Inc.2.42%2.32%0.10%
AMDAdvanced Micro Devices Inc2.23%0.69%1.54%
TSLATesla Inc1.65%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.

ALAIHIDV

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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.