ALAI vs JHDV
Alger AI Enablers & Adopters ETF vs John Hancock US High Dividend ETF
Which is better, ALAI or JHDV?
Each has led over a different period.
JHDV has a lower expense ratio. ALAI led over the full window, JHDV 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 | JHDV |
|---|---|---|
| Expense Ratio | 0.58% | 0.34%Best |
| AUM | $2.1B | $12M |
| Dividend Yield | 1.31% | 2.21% |
| Holdings | 146 | 154 |
| YTD Return | +12.15% | +16.75%Best |
| 1Y Return | +10.90% | +17.69%Best |
| 3Y Return (annualized) | - | +20.97% |
| Volatility (annualized) | 26.4% | 11.6%Best |
| Max Drawdown | -29.4% | -19.0%Best |
| $10,000 over 2.6 years | $20,716Best | $15,122 |
| Fund Family | Alger | John Hancock Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 4, 2024 | Sep 27, 2022 |
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 JHDV 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 JHDV Performance
Alger AI Enablers & Adopters ETF (ALAI) is an ETF from Alger and John Hancock US High Dividend ETF (JHDV) is an ETF from John Hancock Investment Management. Over the past year ALAI returned +10.90% while JHDV returned +17.69%. Year to date, ALAI is up 12.15% versus a gain of 16.75% for JHDV.
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 11.6% for JHDV. 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 -19.0% for JHDV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ALAI charges 0.58% per year while JHDV charges 0.34%. On a $10,000 position that is $58 vs $34 annually, a gap of $24 per year that compounds over a long holding period. On income, ALAI currently yields 1.31% against 2.21% for JHDV.
Holdings Overlap
At least 27.4% of JHDV'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.
JHDV and ALAI share little of their money.
9 positions in common, counted across the 58 positions we hold weights for in ALAI and 74 in JHDV, against full books of 146 and 154.
Top Shared Holdings
| Stock | Weight in ALAI | Weight in JHDV | Difference |
|---|---|---|---|
| NVDANvidia Corp | 13.17% | 8.37% | 4.80% |
| MSFTMicrosoft Corp | 8.15% | 5.72% | 2.43% |
| AAPLApple Inc | 1.76% | 5.59% | 3.83% |
| AVGOBroadcom Inc | 3.72% | 2.52% | 1.20% |
| STXSeagate Technolo | 3.35% | 1.58% | 1.77% |
| MUMicron Technology, Inc. | 2.42% | 1.93% | 0.49% |
| UNHUnitedhealth Group Incorporated | 0.50% | 0.95% | 0.45% |
| DELLDell Technologies Inc | 0.56% | 0.42% | 0.14% |
| FCXFreeport-mcmoran Copper & Gold Inc. | 0.46% | 0.35% | 0.11% |
27.4% of JHDV 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 JHDV?
ALAI has an expense ratio of 0.58% while JHDV charges 0.34%. JHDV is the cheaper option, by $24 a year on a $10,000 investment.
Which performed better, ALAI or JHDV?
Over the past year ALAI returned +10.90% vs +17.69% for JHDV, so JHDV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ALAI or JHDV?
ALAI has been the more volatile fund at 26.4% annualized versus 11.6% for JHDV. Worst drawdown: ALAI -29.4% vs JHDV -19.0%.
Should I hold both ALAI and JHDV?
ALAI and JHDV have a monthly-return correlation of 0.70, 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 JHDV?
At least 27.4% of JHDV's money is in holdings ALAI also owns. Our book for ALAI is partial, so the real figure is this or higher. They hold 9 positions in common, counted across the 58 positions we hold weights for in ALAI and 74 in JHDV.
Which pays a higher dividend, ALAI or JHDV?
ALAI yields 1.31% while JHDV yields 2.21%, so JHDV currently pays the higher dividend yield.
Is JHDV better than ALAI?
JHDV has a lower expense ratio. ALAI led over the full window, JHDV over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.