ALAI vs GSPY
Alger AI Enablers & Adopters ETF vs The Gotham Enhanced 500 ETF
Which is better, ALAI or GSPY?
ALAI has been ahead.
GSPY 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 | GSPY |
|---|---|---|
| Expense Ratio | 0.58% | 0.50%Best |
| AUM | $1.6B | $723M |
| Dividend Yield | 1.16% | 2.28% |
| Holdings | 72 | 1,004 |
| YTD Return | +23.19%Best | +15.70% |
| 1Y Return | +22.58%Best | +20.41% |
| 3Y Return (annualized) | - | +22.71% |
| 5Y Return (annualized) | - | +13.69% |
| Volatility (annualized) | 25.4% | 11.4%Best |
| Max Drawdown | -29.4% | -18.7%Best |
| $10,000 over 2.5 years | $22,583Best | $15,380 |
| Fund Family | Alger | Gotham Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 4, 2024 | Dec 30, 2016 |
Not shown on this pair: 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 GSPY 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 GSPY Performance
Alger AI Enablers & Adopters ETF (ALAI) is an ETF from Alger and The Gotham Enhanced 500 ETF (GSPY) is an ETF from Gotham Funds. Over the past year ALAI returned +22.58% while GSPY returned +20.41%. Year to date, ALAI is up 23.19% versus a gain of 15.70% for GSPY.
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 11.4% for GSPY. 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 -18.7% for GSPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ALAI charges 0.58% per year while GSPY 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 1.16% against 2.28% for GSPY.
Holdings Overlap
At least 1.3% of GSPY'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.
GSPY and ALAI share little of their money.
1 positions in common, counted across the 1 positions we hold weights for in ALAI and 501 in GSPY, against full books of 72 and 1,004.
Top Shared Holdings
| Stock | Weight in ALAI | Weight in GSPY | Difference |
|---|---|---|---|
| AMDAdvanced Micro Devices Inc | 2.21% | 1.27% | 0.94% |
You are not choosing between two funds in isolation.
Whichever of ALAI and GSPY 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 GSPY?
ALAI has an expense ratio of 0.58% while GSPY charges 0.50%. GSPY is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, ALAI or GSPY?
Over the past year ALAI returned +22.58% vs +20.41% for GSPY, 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 GSPY?
ALAI has been the more volatile fund at 25.4% annualized versus 11.4% for GSPY. Worst drawdown: ALAI -29.4% vs GSPY -18.7%.
Should I hold both ALAI and GSPY?
ALAI and GSPY have a monthly-return correlation of 0.83, 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 GSPY?
At least 1.3% of GSPY'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 501 in GSPY.
Which pays a higher dividend, ALAI or GSPY?
ALAI yields 1.16% while GSPY yields 2.28%, so GSPY currently pays the higher dividend yield.
Is GSPY better than ALAI?
GSPY 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.