ALAI vs GGTL
Alger AI Enablers & Adopters ETF vs Gabelli Global Technology Leaders ETF
Which is better, ALAI or GGTL?
Each has led over a different period.
GGTL has a lower expense ratio. ALAI led over the full window, GGTL 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 | GGTL |
|---|---|---|
| Expense Ratio | 0.58% | 0.00%Best |
| AUM | $1.6B | $16M |
| Dividend Yield | 1.16% | 0.82% |
| Holdings | 72 | 149 |
| YTD Return | +23.19%Best | +21.53% |
| 1Y Return | +22.58% | +22.76%Best |
| 3Y Return (annualized) | - | +20.64% |
| Volatility (annualized) | 25.4% | 20.0%Best |
| Max Drawdown | -29.4% | -21.5%Best |
| $10,000 over 2.5 years | $22,583Best | $15,173 |
| Fund Family | Alger | Gabelli Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 4, 2024 | Jan 5, 2022 |
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 GGTL 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 GGTL Performance
Alger AI Enablers & Adopters ETF (ALAI) is an ETF from Alger and Gabelli Global Technology Leaders ETF (GGTL) is an ETF from Gabelli Funds. Over the past year ALAI returned +22.58% while GGTL returned +22.76%. Year to date, ALAI is up 23.19% versus a gain of 21.53% for GGTL.
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 20.0% for GGTL. 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 -21.5% for GGTL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ALAI charges 0.58% per year while GGTL charges 0.00%. On a $10,000 position that is $58 vs $0 annually, a gap of $58 per year that compounds over a long holding period. On income, ALAI currently yields 1.16% against 0.82% for GGTL.
Holdings Overlap
We hold position weights for 1 holding in ALAI and 70 in GGTL, totalling 2.2% and 85.0% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
1 positions in common, counted across the 1 positions we hold weights for in ALAI and 70 in GGTL, against full books of 72 and 149.
Top Shared Holdings
| Stock | Weight in ALAI | Weight in GGTL | Difference |
|---|---|---|---|
| AMDAdvanced Micro Devices Inc | 2.21% | 4.54% | 2.33% |
You are not choosing between two funds in isolation.
Whichever of ALAI and GGTL 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 GGTL?
ALAI has an expense ratio of 0.58% while GGTL charges 0.00%. GGTL is the cheaper option, by $58 a year on a $10,000 investment.
Which performed better, ALAI or GGTL?
Over the past year ALAI returned +22.58% vs +22.76% for GGTL, so GGTL leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ALAI or GGTL?
ALAI has been the more volatile fund at 25.4% annualized versus 20.0% for GGTL. Worst drawdown: ALAI -29.4% vs GGTL -21.5%.
Should I hold both ALAI and GGTL?
ALAI and GGTL have a monthly-return correlation of 0.79, 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 GGTL?
ALAI yields 1.16% while GGTL yields 0.82%, so ALAI currently pays the higher dividend yield.
Is GGTL better than ALAI?
GGTL has a lower expense ratio. ALAI led over the full window, GGTL over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.