ALAI vs RJMG
Alger AI Enablers & Adopters ETF vs FT Raymond James Multicap Growth Equity ETF
Which is better, ALAI or RJMG?
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 | RJMG |
|---|---|---|
| Expense Ratio | 0.58%Best | 0.85% |
| AUM | $1.6B | $11M |
| Dividend Yield | 1.16% | 0.00% |
| Holdings | 72 | 41 |
| Volatility (annualized) | 23.0% | 14.9%Best |
| Max Drawdown | -29.4% | -25.4%Best |
| $10,000 over 1.8 years | $19,083Best | $12,744 |
| Fund Family | Alger | First Trust Portfolios (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 4, 2024 | Jan 12, 2024 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 278 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 RJMG through Jan 9, 2026.
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Apr 5, 2024 to Jan 9, 2026 (1.8 years).
Risk: Volatility and Drawdowns
ALAI has been the more volatile fund, with annualized monthly volatility of 23.0% compared with 14.9% for RJMG. 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 -25.4% for RJMG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ALAI charges 0.58% per year while RJMG charges 0.85%. On a $10,000 position that is $58 vs $85 annually, a gap of $27 per year that compounds over a long holding period. On income, ALAI currently yields 1.16% against 0.00% for RJMG.
Holdings Overlap
We hold position weights for 1 holding in ALAI and 40 in RJMG, totalling 2.2% and 100.0% 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 315 days apart, ALAI as of Sep 11, 2026 and RJMG as of Oct 31, 2025, 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 40 in RJMG, against full books of 72 and 41.
You are not choosing between two funds in isolation.
Whichever of ALAI and RJMG 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 RJMG?
ALAI has an expense ratio of 0.58% while RJMG charges 0.85%. ALAI is the cheaper option, by $27 a year on a $10,000 investment.
Which is riskier, ALAI or RJMG?
ALAI has been the more volatile fund at 23.0% annualized versus 14.9% for RJMG. Worst drawdown: ALAI -29.4% vs RJMG -25.4%.
Should I hold both ALAI and RJMG?
ALAI and RJMG have a monthly-return correlation of 0.77, 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 RJMG?
ALAI yields 1.16% while RJMG yields 0.00%, so ALAI currently pays the higher dividend yield.
Is RJMG 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.