ALAI vs IVV
Alger AI Enablers & Adopters ETF vs iShares Core S&P 500 ETF
Which is better, ALAI or IVV?
Each has led over a different period.
IVV has a lower expense ratio. ALAI led over the full window, IVV 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 | IVV |
|---|---|---|
| Expense Ratio | 0.58% | 0.03%Best |
| AUM | $2.1B | $850.0B |
| Dividend Yield | 1.31% | 1.09% |
| Holdings | 146 | 1,018 |
| YTD Return | +12.15%Best | +12.12% |
| 1Y Return | +10.90% | +12.53%Best |
| 3Y Return (annualized) | - | +21.54% |
| 5Y Return (annualized) | - | +11.93% |
| Volatility (annualized) | 26.4% | 11.5%Best |
| Max Drawdown | -29.4% | -18.8%Best |
| $10,000 over 2.6 years | $20,716Best | $15,112 |
| Fund Family | Alger | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 4, 2024 | May 15, 2000 |
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 IVV 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 IVV Performance
Alger AI Enablers & Adopters ETF (ALAI) is an ETF from Alger and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year ALAI returned +10.90% while IVV returned +12.53%. Year to date, ALAI is up 12.15% versus a gain of 12.12% for IVV.
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 11.5% 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 -18.8% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. 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 1.31% against 1.09% for IVV.
Holdings Overlap
At least 41.2% of IVV'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.
28 positions in common, counted across the 58 positions we hold weights for in ALAI and 505 in IVV, against full books of 146 and 1,018.
Top Shared Holdings
| Stock | Weight in ALAI | Weight in IVV | Difference |
|---|---|---|---|
| NVDANvidia Corp | 13.17% | 8.04% | 5.13% |
| MSFTMicrosoft Corp | 8.15% | 5.95% | 2.20% |
| AAPLApple Inc | 1.76% | 7.51% | 5.75% |
| AMZNAmazon.Com Inc | 4.83% | 3.74% | 1.09% |
| METAMeta Platforms Inc | 5.14% | 2.44% | 2.70% |
| GOOGAlphabet Inc. C | 4.62% | 2.45% | 2.17% |
| AVGOBroadcom Inc | 3.72% | 2.47% | 1.25% |
| MUMicron Technology, Inc. | 2.42% | 1.55% | 0.87% |
| AMDAdvanced Micro Devices Inc | 2.23% | 1.40% | 0.83% |
| STXSeagate Technolo | 3.35% | 0.24% | 3.11% |
41.2% of IVV 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 IVV?
ALAI has an expense ratio of 0.58% while IVV charges 0.03%. IVV is the cheaper option, by $55 a year on a $10,000 investment.
Which performed better, ALAI or IVV?
Over the past year ALAI returned +10.90% vs +12.53% for IVV, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ALAI or IVV?
ALAI has been the more volatile fund at 26.4% annualized versus 11.5% for IVV. Worst drawdown: ALAI -29.4% vs IVV -18.8%.
Should I hold both ALAI and IVV?
ALAI and IVV have a monthly-return correlation of 0.85, 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 IVV?
At least 41.2% of IVV's money is in holdings ALAI also owns. Our book for ALAI is partial, so the real figure is this or higher. They hold 28 positions in common, counted across the 58 positions we hold weights for in ALAI and 505 in IVV.
Which pays a higher dividend, ALAI or IVV?
ALAI yields 1.31% while IVV yields 1.09%, so ALAI currently pays the higher dividend yield.
Is IVV better than ALAI?
IVV has a lower expense ratio. ALAI led over the full window, IVV over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.