ALAI vs LGHT
Alger AI Enablers & Adopters ETF vs Langar Global Healthtech ETF
Which is better, ALAI or LGHT?
ALAI has been ahead.
ALAI has a lower expense ratio. ALAI led over 1Y and the full window.
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 | LGHT |
|---|---|---|
| Expense Ratio | 0.58%Best | 0.85% |
| AUM | $2.1B | $2M |
| Dividend Yield | 1.31% | 0.00% |
| Holdings | 146 | 32 |
| Volatility (annualized) | 26.7% | 18.2%Best |
| Max Drawdown | -29.4% | -28.6%Best |
| $10,000 over 2.6 years | $21,212Best | $10,663 |
| Fund Family | Alger | Langar Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 4, 2024 | Jan 10, 2024 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 13 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. ALAI has data through Nov 12, 2026 and LGHT through Oct 30, 2026.
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 Oct 30, 2026 (2.6 years).
Risk: Volatility and Drawdowns
ALAI has been the more volatile fund, with annualized monthly volatility of 26.7% compared with 18.2% for LGHT. 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 -28.6% for LGHT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.15. They move largely independently of each other.
Fees and Cost Over Time
ALAI charges 0.58% per year while LGHT charges 0.85%. On a $10,000 position that is $58 vs $85 annually, a gap of $27 per year that compounds over a long holding period. On income, ALAI currently yields 1.31% against 0.00% for LGHT.
Holdings Overlap
At least 9.3% of LGHT'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.
LGHT and ALAI share little of their money.
1 positions in common, counted across the 58 positions we hold weights for in ALAI and 31 in LGHT, against full books of 146 and 32.
Top Shared Holdings
| Stock | Weight in ALAI | Weight in LGHT | Difference |
|---|---|---|---|
| VEEVVeeva Systems Inc | 0.64% | 9.35% | 8.71% |
You are not choosing between two funds in isolation.
Whichever of ALAI and LGHT you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ALAI or LGHT?
ALAI has an expense ratio of 0.58% while LGHT charges 0.85%. ALAI is the cheaper option, by $27 a year on a $10,000 investment.
Which is riskier, ALAI or LGHT?
ALAI has been the more volatile fund at 26.7% annualized versus 18.2% for LGHT. Worst drawdown: ALAI -29.4% vs LGHT -28.6%.
Should I hold both ALAI and LGHT?
ALAI and LGHT have a monthly-return correlation of 0.15, 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 LGHT?
At least 9.3% of LGHT's money is in holdings ALAI also owns. Our book for ALAI is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 58 positions we hold weights for in ALAI and 31 in LGHT.
Which pays a higher dividend, ALAI or LGHT?
ALAI yields 1.31% while LGHT yields 0.00%, so ALAI currently pays the higher dividend yield.
Is LGHT better than ALAI?
ALAI has a lower expense ratio. ALAI led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.