ALAI vs TENM
Alger AI Enablers & Adopters ETF vs iShares Large Cap 10% Target Buffer Mar ETF
Which is better, ALAI or TENM?
ALAI has been ahead.
TENM 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 | TENM |
|---|---|---|
| Expense Ratio | 0.58% | 0.50%Best |
| AUM | $2.1B | $46M |
| Dividend Yield | 1.31% | 0.27% |
| Holdings | 146 | 16 |
| YTD Return | +12.15%Best | +9.80% |
| 1Y Return | +10.90%Best | +10.66% |
| Volatility (annualized) | 29.3% | 6.7%Best |
| Max Drawdown | -21.1% | -3.6%Best |
| $10,000 over 1.1 years | $11,411Best | $11,250 |
| 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 TENM 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 TENM Performance
Alger AI Enablers & Adopters ETF (ALAI) is an ETF from Alger and iShares Large Cap 10% Target Buffer Mar ETF (TENM) is an ETF from iShares by BlackRock (US). Over the past year ALAI returned +10.90% while TENM returned +10.66%. Year to date, ALAI is up 12.15% versus a gain of 9.80% for TENM.
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 6.7% for TENM. 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 -3.6% for TENM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ALAI charges 0.58% per year while TENM 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 0.27% for TENM.
Holdings Overlap
We hold position weights for 58 holdings in ALAI and 2 in TENM, totalling 95.0% and 104.5% 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 TENM, against full books of 146 and 16.
You are not choosing between two funds in isolation.
Whichever of ALAI and TENM 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 TENM?
ALAI has an expense ratio of 0.58% while TENM charges 0.50%. TENM is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, ALAI or TENM?
Over the past year ALAI returned +10.90% vs +10.66% for TENM, so ALAI leads on 1-year performance. Over the longest common window we track (1 years), ALAI annualized +12.75% vs +11.30% for TENM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ALAI or TENM?
ALAI has been the more volatile fund at 29.3% annualized versus 6.7% for TENM. Worst drawdown: ALAI -21.1% vs TENM -3.6%.
Should I hold both ALAI and TENM?
ALAI and TENM have a monthly-return correlation of 0.77, 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 TENM?
ALAI yields 1.31% while TENM yields 0.27%, so ALAI currently pays the higher dividend yield.
Is TENM better than ALAI?
TENM 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.