ALAI vs ERNZ
Alger AI Enablers & Adopters ETF vs TrueShares Active Yield ETF
Which is better, ALAI or ERNZ?
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 | ERNZ |
|---|---|---|
| Expense Ratio | 0.58%Best | 3.25% |
| AUM | $1.6B | $6M |
| Dividend Yield | 1.16% | 8.71% |
| Holdings | 72 | 144 |
| Volatility (annualized) | 23.3% | 9.6%Best |
| Max Drawdown | -29.4% | -14.2%Best |
| $10,000 over 1.9 years | $18,061Best | $9,968 |
| Fund Family | Alger | TrueShares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 4, 2024 | Apr 30, 2024 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 204 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. ALAI has data through Oct 14, 2026 and ERNZ through Mar 24, 2026.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: May 1, 2024 to Mar 24, 2026 (1.9 years).
Risk: Volatility and Drawdowns
ALAI has been the more volatile fund, with annualized monthly volatility of 23.3% compared with 9.6% for ERNZ. 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 -14.2% for ERNZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.19. They move largely independently of each other.
Fees and Cost Over Time
ALAI charges 0.58% per year while ERNZ charges 3.25%. On a $10,000 position that is $58 vs $325 annually, a gap of $267 per year that compounds over a long holding period. On income, ALAI currently yields 1.16% against 8.71% for ERNZ.
Holdings Overlap
We hold position weights for 1 holding in ALAI and 141 in ERNZ, totalling 2.2% and 98.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 224 days apart, ALAI as of Sep 11, 2026 and ERNZ as of Jan 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 1 positions we hold weights for in ALAI and 141 in ERNZ, against full books of 72 and 144.
You are not choosing between two funds in isolation.
Whichever of ALAI and ERNZ 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 ERNZ?
ALAI has an expense ratio of 0.58% while ERNZ charges 3.25%. ALAI is the cheaper option, by $267 a year on a $10,000 investment.
Which is riskier, ALAI or ERNZ?
ALAI has been the more volatile fund at 23.3% annualized versus 9.6% for ERNZ. Worst drawdown: ALAI -29.4% vs ERNZ -14.2%.
Should I hold both ALAI and ERNZ?
ALAI and ERNZ have a monthly-return correlation of 0.19, 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 ERNZ?
ALAI yields 1.16% while ERNZ yields 8.71%, so ERNZ currently pays the higher dividend yield.
Is ERNZ 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.