ALAI vs POWA
Alger AI Enablers & Adopters ETF vs Invesco Bloomberg Pricing Power ETF
Which is better, ALAI or POWA?
ALAI has been ahead.
POWA 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 | POWA |
|---|---|---|
| Expense Ratio | 0.58% | 0.40%Best |
| AUM | $2.1B | $167M |
| Dividend Yield | 1.31% | 0.91% |
| Holdings | 146 | 159 |
| YTD Return | +12.15%Best | +6.23% |
| 1Y Return | +10.90%Best | +6.17% |
| 3Y Return (annualized) | - | +13.92% |
| 5Y Return (annualized) | - | +7.49% |
| Volatility (annualized) | 26.4% | 11.0%Best |
| Max Drawdown | -29.4% | -15.7%Best |
| $10,000 over 2.6 years | $20,716Best | $12,410 |
| Fund Family | Alger | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 4, 2024 | Dec 15, 2006 |
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 POWA 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 POWA Performance
Alger AI Enablers & Adopters ETF (ALAI) is an ETF from Alger and Invesco Bloomberg Pricing Power ETF (POWA) is an ETF from Invesco (US). Over the past year ALAI returned +10.90% while POWA returned +6.17%. Year to date, ALAI is up 12.15% versus a gain of 6.23% for POWA.
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 11.0% for POWA. 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 -15.7% for POWA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.13. They move largely independently of each other.
Fees and Cost Over Time
ALAI charges 0.58% per year while POWA charges 0.40%. On a $10,000 position that is $58 vs $40 annually, a gap of $18 per year that compounds over a long holding period. On income, ALAI currently yields 1.31% against 0.91% for POWA.
Holdings Overlap
At least 4.3% of POWA'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.
POWA and ALAI share little of their money.
2 positions in common, counted across the 58 positions we hold weights for in ALAI and 51 in POWA, against full books of 146 and 159.
You are not choosing between two funds in isolation.
Whichever of ALAI and POWA 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 POWA?
ALAI has an expense ratio of 0.58% while POWA charges 0.40%. POWA is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, ALAI or POWA?
Over the past year ALAI returned +10.90% vs +6.17% for POWA, so ALAI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ALAI or POWA?
ALAI has been the more volatile fund at 26.4% annualized versus 11.0% for POWA. Worst drawdown: ALAI -29.4% vs POWA -15.7%.
Should I hold both ALAI and POWA?
ALAI and POWA have a monthly-return correlation of 0.13, 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 POWA?
At least 4.3% of POWA's money is in holdings ALAI also owns. Our book for ALAI is partial, so the real figure is this or higher. They hold 2 positions in common, counted across the 58 positions we hold weights for in ALAI and 51 in POWA.
Which pays a higher dividend, ALAI or POWA?
ALAI yields 1.31% while POWA yields 0.91%, so ALAI currently pays the higher dividend yield.
Is POWA better than ALAI?
POWA 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.