ALAI vs TENJ
Alger AI Enablers & Adopters ETF vs iShares Large Cap 10% Target Buffer Jun ETF
Which is better, ALAI or TENJ?
Each has led over a different period.
TENJ has a lower expense ratio. ALAI led over the full window, TENJ 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 | TENJ |
|---|---|---|
| Expense Ratio | 0.58% | 0.50%Best |
| AUM | $2.1B | $46M |
| Dividend Yield | 1.31% | 0.23% |
| Holdings | 146 | 16 |
| YTD Return | +12.15%Best | +10.95% |
| 1Y Return | +10.90% | +11.77%Best |
| Volatility (annualized) | 29.3% | 8.2%Best |
| Max Drawdown | -21.1% | -5.5%Best |
| $10,000 over 1.1 years | $11,411Best | $11,378 |
| Fund Family | Alger | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 4, 2024 | Oct 21, 2025 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Oct 22, 2025 to Nov 11, 2026 (1.1 years).
ALAI vs TENJ 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 1.1 years both funds cover.
ALAI vs TENJ Performance
Alger AI Enablers & Adopters ETF (ALAI) is an ETF from Alger and iShares Large Cap 10% Target Buffer Jun ETF (TENJ) is an ETF from iShares by BlackRock (US). Over the past year ALAI returned +10.90% while TENJ returned +11.77%. Year to date, ALAI is up 12.15% versus a gain of 10.95% for TENJ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ALAI has been the more volatile fund, with annualized monthly volatility of 29.3% compared with 8.2% for TENJ. 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 -21.1% for ALAI and -5.5% for TENJ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ALAI charges 0.58% per year while TENJ charges 0.50%. On a $10,000 position that is $58 vs $50 annually, a gap of $8 per year that compounds over a long holding period. On income, ALAI currently yields 1.31% against 0.23% for TENJ.
Holdings Overlap
We hold position weights for 58 holdings in ALAI and 2 in TENJ, totalling 95.0% and 99.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 58 positions we hold weights for in ALAI and 2 in TENJ, against full books of 146 and 16.
You are not choosing between two funds in isolation.
Whichever of ALAI and TENJ 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 TENJ?
ALAI has an expense ratio of 0.58% while TENJ charges 0.50%. TENJ is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, ALAI or TENJ?
Over the past year ALAI returned +10.90% vs +11.77% for TENJ, so TENJ leads on 1-year performance. Over the longest common window we track (1 years), ALAI annualized +12.75% vs +12.45% for TENJ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ALAI or TENJ?
ALAI has been the more volatile fund at 29.3% annualized versus 8.2% for TENJ. Worst drawdown: ALAI -21.1% vs TENJ -5.5%.
Should I hold both ALAI and TENJ?
ALAI and TENJ have a monthly-return correlation of 0.84, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, ALAI or TENJ?
ALAI yields 1.31% while TENJ yields 0.23%, so ALAI currently pays the higher dividend yield.
Is TENJ better than ALAI?
TENJ has a lower expense ratio. ALAI led over the full window, TENJ over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.