ALAI vs VOO
ALAI vs VOO
Alger AI Enablers & Adopters ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. ALAI delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | ALAI | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.03% | |
| AUM | $461M | $979.0B | |
| Dividend Yield | 1.19% | 1.09% | |
| Holdings | 59 | 509 | |
| YTD Return | +25.03% | +13.53% | |
| 1Y Return | +40.57% | +23.65% | |
| 3Y Return (annualized) | - | +21.27% | |
| 5Y Return (annualized) | - | +13.52% | |
| Volatility (annualized) | 26.0% | 14.1% | |
| Max Drawdown | -29.4% | -34.3% | |
| Fund Family | Alger | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Apr 4, 2024 | Sep 7, 2010 |
ALAI vs VOO Performance
Alger AI Enablers & Adopters ETF (ALAI) is a ETF from Alger and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year ALAI returned +40.57% while VOO returned +23.65%. Year to date, ALAI is up 25.03% versus a gain of 13.53% for VOO.
Risk: Volatility and Drawdowns
ALAI has been the more volatile fund, with annualized monthly volatility of 26.0% compared with 14.1% for VOO. 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 -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ALAI charges 0.58% per year while VOO charges 0.03%. On a $10,000 position that is $58 vs $3 annually, a gap of $55 per year that compounds over a long holding period. On income, ALAI currently yields 1.19% against 1.09% for VOO.
Holdings Overlap
ALAI and VOO share 31 holdings out of 537 unique holdings combined, representing a 33.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ALAI | Weight in VOO | Difference |
|---|---|---|---|
| NVDA | 14.00% | 7.51% | 6.49% |
| AAPL | 3.10% | 6.59% | 3.49% |
| MSFT | 5.33% | 4.30% | 1.03% |
| AMZN | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| WDC | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
See all 10 holdings ALAI shares with VOO Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, ALAI or VOO?
ALAI has an expense ratio of 0.58% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $55 per year of difference.
Which performed better, ALAI or VOO?
Over the past year ALAI returned +40.57% vs +23.65% for VOO, so ALAI leads on 1-year performance. Over the longest common window we track (2 years), ALAI annualized +43.25% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, ALAI or VOO?
ALAI has been the more volatile fund at 26.0% annualized versus 14.1% for VOO. Worst drawdown: ALAI -29.4% vs VOO -34.3%.
Should I hold both ALAI and VOO?
ALAI and VOO have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ALAI and VOO?
ALAI and VOO share 31 common holdings with a 33.1% weight overlap. Combined, they hold 537 unique securities.
Which pays a higher dividend, ALAI or VOO?
ALAI yields 1.19% while VOO yields 1.09%, so ALAI currently pays the higher dividend yield.
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