ALAI vs KAT
Alger AI Enablers & Adopters ETF vs Scharf ETF
Which is better, ALAI or KAT?
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 | KAT |
|---|---|---|
| Expense Ratio | 0.58%Best | 0.75% |
| AUM | $1.6B | $657M |
| Dividend Yield | 1.16% | 0.53% |
| Holdings | 72 | 68 |
| YTD Return | +23.19%Best | +6.42% |
| 1Y Return | +22.58%Best | +4.30% |
| Volatility (annualized) | 27.3% | 12.7%Best |
| Max Drawdown | -19.5% | -9.3%Best |
| $10,000 over 1.1 years | $13,477Best | $10,725 |
| Fund Family | Alger | Scharf Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 4, 2024 | Dec 30, 2011 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Aug 25, 2025 to Oct 14, 2026 (1.1 years).
ALAI vs KAT 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 1.1 years both funds cover.
ALAI vs KAT Performance
Alger AI Enablers & Adopters ETF (ALAI) is an ETF from Alger and Scharf ETF (KAT) is an ETF from Scharf Funds. Over the past year ALAI returned +22.58% while KAT returned +4.30%. Year to date, ALAI is up 23.19% versus a gain of 6.42% for KAT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ALAI has been the more volatile fund, with annualized monthly volatility of 27.3% compared with 12.7% for KAT. 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 -19.5% for ALAI and -9.3% for KAT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.10. They move largely independently of each other.
Fees and Cost Over Time
ALAI charges 0.58% per year while KAT charges 0.75%. On a $10,000 position that is $58 vs $75 annually, a gap of $17 per year that compounds over a long holding period. On income, ALAI currently yields 1.16% against 0.53% for KAT.
Holdings Overlap
We hold position weights for 1 holding in ALAI and 31 in KAT, totalling 2.2% and 98.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in ALAI and 31 in KAT, against full books of 72 and 68.
You are not choosing between two funds in isolation.
Whichever of ALAI and KAT 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 KAT?
ALAI has an expense ratio of 0.58% while KAT charges 0.75%. ALAI is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, ALAI or KAT?
Over the past year ALAI returned +22.58% vs +4.30% for KAT, so ALAI leads on 1-year performance. Over the longest common window we track (1 years), ALAI annualized +31.16% vs +6.57% for KAT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ALAI or KAT?
ALAI has been the more volatile fund at 27.3% annualized versus 12.7% for KAT. Worst drawdown: ALAI -19.5% vs KAT -9.3%.
Should I hold both ALAI and KAT?
ALAI and KAT have a monthly-return correlation of 0.10, 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 KAT?
ALAI yields 1.16% while KAT yields 0.53%, so ALAI currently pays the higher dividend yield.
Is KAT 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.