ALAI vs WBIL
Alger AI Enablers & Adopters ETF vs WBI BullBear Quality 3000 ETF
Which is better, ALAI or WBIL?
Each has led over a different period.
ALAI has a lower expense ratio. ALAI led over the full window, WBIL 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 | WBIL |
|---|---|---|
| Expense Ratio | 0.58%Best | 1.55% |
| AUM | $2.1B | $28M |
| Dividend Yield | 1.31% | 0.04% |
| Holdings | 146 | 125 |
| YTD Return | +6.58%Best | +5.91% |
| 1Y Return | +6.51% | +6.58%Best |
| 3Y Return (annualized) | - | +8.67% |
| 5Y Return (annualized) | - | +3.95% |
| Volatility (annualized) | 26.8% | 14.8%Best |
| Max Drawdown | -29.4% | -25.3%Best |
| $10,000 over 2.6 years | $19,757Best | $10,723 |
| Fund Family | Alger | WBI Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 4, 2024 | Aug 25, 2014 |
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 6, 2026 (2.6 years).
ALAI vs WBIL 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 WBIL Performance
Alger AI Enablers & Adopters ETF (ALAI) is an ETF from Alger and WBI BullBear Quality 3000 ETF (WBIL) is an ETF from WBI Investments. Over the past year ALAI returned +6.51% while WBIL returned +6.58%. Year to date, ALAI is up 6.58% versus a gain of 5.91% for WBIL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ALAI has been the more volatile fund, with annualized monthly volatility of 26.8% compared with 14.8% for WBIL. 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 -25.3% for WBIL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ALAI charges 0.58% per year while WBIL charges 1.55%. On a $10,000 position that is $58 vs $155 annually, a gap of $97 per year that compounds over a long holding period. On income, ALAI currently yields 1.31% against 0.04% for WBIL.
Holdings Overlap
At least 16.5% of WBIL'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.
WBIL and ALAI share little of their money.
10 positions in common, counted across the 58 positions we hold weights for in ALAI and 56 in WBIL, against full books of 146 and 125.
Top Shared Holdings
| Stock | Weight in ALAI | Weight in WBIL | Difference |
|---|---|---|---|
| METAMeta Platforms Inc | 5.14% | 1.65% | 3.49% |
| MUMicron Technology, Inc. | 2.42% | 1.95% | 0.47% |
| AMDAdvanced Micro Devices Inc | 2.23% | 1.54% | 0.69% |
| VEEVVeeva Systems Inc | 0.64% | 2.37% | 1.73% |
| DELLDell Technologies Inc | 0.56% | 2.32% | 1.76% |
| ANETArista Networks Inc Common Stock | 0.36% | 1.98% | 1.62% |
| MDBMongodb, Inc. | 0.55% | 1.65% | 1.10% |
| PANWPalo Alto Networks Inc. | 0.16% | 1.67% | 1.51% |
| MELIMercadolibre Inc | 0.42% | 0.84% | 0.42% |
| PLTRPalantir Technologies Inc. | 0.43% | 0.55% | 0.12% |
You are not choosing between two funds in isolation.
Whichever of ALAI and WBIL 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 WBIL?
ALAI has an expense ratio of 0.58% while WBIL charges 1.55%. ALAI is the cheaper option, by $97 a year on a $10,000 investment.
Which performed better, ALAI or WBIL?
Over the past year ALAI returned +6.51% vs +6.58% for WBIL, so WBIL leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ALAI or WBIL?
ALAI has been the more volatile fund at 26.8% annualized versus 14.8% for WBIL. Worst drawdown: ALAI -29.4% vs WBIL -25.3%.
Should I hold both ALAI and WBIL?
ALAI and WBIL have a monthly-return correlation of 0.67, 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 WBIL?
At least 16.5% of WBIL's money is in holdings ALAI also owns. Our book for ALAI is partial, so the real figure is this or higher. They hold 10 positions in common, counted across the 58 positions we hold weights for in ALAI and 56 in WBIL.
Which pays a higher dividend, ALAI or WBIL?
ALAI yields 1.31% while WBIL yields 0.04%, so ALAI currently pays the higher dividend yield.
Is WBIL better than ALAI?
ALAI has a lower expense ratio. ALAI led over the full window, WBIL over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.