ALAI vs IVV
Alger AI Enablers & Adopters ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. ALAI delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | ALAI | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.03% | |
| AUM | $523M | $907.0B | |
| Dividend Yield | 1.26% | 1.10% | |
| Holdings | 72 | 508 | |
| YTD Return | +22.89% | +12.71% | |
| 1Y Return | +39.21% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 25.9% | 15.1% | |
| Max Drawdown | -29.4% | -56.5% | |
| Fund Family | Alger | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Apr 4, 2024 | May 15, 2000 |
ALAI vs IVV Performance
Alger AI Enablers & Adopters ETF (ALAI) is a ETF from Alger and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year ALAI returned +39.21% while IVV returned +21.89%. Year to date, ALAI is up 22.89% versus a gain of 12.71% for IVV.
Risk: Volatility and Drawdowns
ALAI has been the more volatile fund, with annualized monthly volatility of 25.9% compared with 15.1% for IVV. 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 -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ALAI charges 0.58% per year while IVV charges 0.03%. On a $10,000 position that is $58 vs $3 annually, a gap of $55 per year that compounds over a long holding period. On income, ALAI currently yields 1.26% against 1.10% for IVV.
Holdings Overlap
ALAI and IVV share 30 holdings out of 538 unique holdings combined, representing a 33.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ALAI or IVV?
ALAI has an expense ratio of 0.58% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $55 per year of difference.
Which performed better, ALAI or IVV?
Over the past year ALAI returned +39.21% vs +21.89% for IVV, so ALAI leads on 1-year performance. Over the longest common window we track (2 years), ALAI annualized +41.21% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, ALAI or IVV?
ALAI has been the more volatile fund at 25.9% annualized versus 15.1% for IVV. Worst drawdown: ALAI -29.4% vs IVV -56.5%.
Should I hold both ALAI and IVV?
ALAI and IVV have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ALAI and IVV?
ALAI and IVV share 30 common holdings with a 33.6% weight overlap. Combined, they hold 538 unique securities.
Which pays a higher dividend, ALAI or IVV?
ALAI yields 1.26% while IVV yields 1.10%, so ALAI currently pays the higher dividend yield.
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