ALAI vs IVV
Alger AI Enablers & Adopters ETF vs iShares Core S&P 500 ETF
Which is better, ALAI or IVV?
ALAI has been ahead.
IVV has a lower expense ratio. ALAI led over 1Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 54.0%.
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 | $1.1B | $876.4B |
| Dividend Yield | 1.21% | 1.06% |
| Holdings | 72 | 508 |
| YTD Return | +20.80%Best | +11.51% |
| 1Y Return | +21.34%Best | +15.96% |
| 3Y Return (annualized) | - | +21.01% |
| 5Y Return (annualized) | - | +12.66% |
| Volatility (annualized) | 25.7% | 11.9%Best |
| Max Drawdown | -29.4% | -18.8%Best |
| $10,000 over 2.4 years | $21,992Best | $14,919 |
| Top 10 Weight | 54.0% | 37.8%Best |
| Fund Family | Alger | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 4, 2024 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: Apr 5, 2024 to Sep 15, 2026 (2.4 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 2.4 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 +21.34% while IVV returned +15.96%. Year to date, ALAI is up 20.80% versus a gain of 11.51% 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 25.7% compared with 11.9% 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 0.88. 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 1.21% against 1.06% for IVV.
Holdings Overlap
61.2% of ALAI's money is in holdings IVV also owns. 38.4% of IVV's money is in holdings ALAI also owns.
The two portfolios partly overlap.
26 positions in common, counted across the 61 positions we hold weights for in ALAI and 490 in IVV, against full books of 72 and 508.
What only one of them owns
Our book lists 456 positions for IVV that do not appear in our book for ALAI (60.3% of the fund), and 24 for ALAI that do not appear in IVV (21.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ALAI | Weight in IVV | Difference |
|---|---|---|---|
| NVDANvidia Corp | 14.70% | 8.07% | 6.63% |
| MSFTMicrosoft Corp | 8.23% | 5.69% | 2.54% |
| AMZNAmazon.Com Inc | 6.23% | 3.84% | 2.39% |
| AAPLApple, Inc | 2.08% | 7.02% | 4.94% |
| GOOGAlphabet Inc | 3.72% | 2.39% | 1.33% |
| AVGOBroadcom Inc | 3.22% | 2.65% | 0.57% |
| METAMeta Platforms Inc | 3.60% | 1.90% | 1.70% |
| MUMicron Technology, Inc. | 2.18% | 1.63% | 0.55% |
| STXSeagate Technology Holdings Plc | 3.13% | 0.28% | 2.85% |
| TSLATesla Inc | 1.69% | 1.56% | 0.13% |
61.2% of ALAI is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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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 +21.34% vs +15.96% for IVV, so ALAI leads on 1-year performance. Over the longest common window we track (2 years), ALAI annualized +38.87% vs +18.14% for IVV. 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 25.7% annualized versus 11.9% 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 0.88, 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?
61.2% of ALAI's money is in holdings IVV also owns. 38.4% of IVV's is in holdings ALAI also owns. They hold 26 positions in common, counted across the 61 positions we hold weights for in ALAI and 490 in IVV.
Which pays a higher dividend, ALAI or IVV?
ALAI yields 1.21% while IVV yields 1.06%, so ALAI currently pays the higher dividend yield.
Is IVV better than ALAI?
IVV has a lower expense ratio. ALAI led over 1Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 54.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.