ALAI vs EQTY
Alger AI Enablers & Adopters ETF vs Kovitz Core Equity ETF
Which is better, ALAI or EQTY?
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 | EQTY |
|---|---|---|
| Expense Ratio | 0.58%Best | 0.99% |
| AUM | $1.6B | $1.4B |
| Dividend Yield | 1.16% | 0.02% |
| Holdings | 72 | 39 |
| YTD Return | +23.19%Best | +8.78% |
| 1Y Return | +22.58%Best | +13.61% |
| 3Y Return (annualized) | - | +17.28% |
| Volatility (annualized) | 25.4% | 11.1%Best |
| Max Drawdown | -29.4% | -17.3%Best |
| $10,000 over 2.5 years | $22,583Best | $13,466 |
| Fund Family | Alger | Kovitz Investment Group |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 4, 2024 | Dec 28, 2011 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Apr 5, 2024 to Oct 14, 2026 (2.5 years).
ALAI vs EQTY 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 2.5 years both funds cover.
ALAI vs EQTY Performance
Alger AI Enablers & Adopters ETF (ALAI) is an ETF from Alger and Kovitz Core Equity ETF (EQTY) is an ETF from Kovitz Investment Group. Over the past year ALAI returned +22.58% while EQTY returned +13.61%. Year to date, ALAI is up 23.19% versus a gain of 8.78% for EQTY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ALAI has been the more volatile fund, with annualized monthly volatility of 25.4% compared with 11.1% for EQTY. 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 -17.3% for EQTY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.57. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ALAI charges 0.58% per year while EQTY charges 0.99%. On a $10,000 position that is $58 vs $99 annually, a gap of $41 per year that compounds over a long holding period. On income, ALAI currently yields 1.16% against 0.02% for EQTY.
Holdings Overlap
At least 1.8% of EQTY's money is in holdings ALAI also owns.
Stated as a floor: for ALAI, our book for it covers 2.2% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
EQTY and ALAI share little of their money.
1 positions in common, counted across the 1 positions we hold weights for in ALAI and 38 in EQTY, against full books of 72 and 39.
Top Shared Holdings
| Stock | Weight in ALAI | Weight in EQTY | Difference |
|---|---|---|---|
| AMDAdvanced Micro Devices Inc | 2.21% | 1.80% | 0.41% |
You are not choosing between two funds in isolation.
Whichever of ALAI and EQTY 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 EQTY?
ALAI has an expense ratio of 0.58% while EQTY charges 0.99%. ALAI is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, ALAI or EQTY?
Over the past year ALAI returned +22.58% vs +13.61% for EQTY, 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 EQTY?
ALAI has been the more volatile fund at 25.4% annualized versus 11.1% for EQTY. Worst drawdown: ALAI -29.4% vs EQTY -17.3%.
Should I hold both ALAI and EQTY?
ALAI and EQTY have a monthly-return correlation of 0.57, 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 EQTY?
At least 1.8% of EQTY'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 1 positions we hold weights for in ALAI and 38 in EQTY.
Which pays a higher dividend, ALAI or EQTY?
ALAI yields 1.16% while EQTY yields 0.02%, so ALAI currently pays the higher dividend yield.
Is EQTY 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.