ALAI vs BKMS

Comparison between ALGER AI ENABLERS & ADOPTERS ETF (ALAI, ETF) and BNY Mellon Municipal Short Duration ETF (BKMS, ETF).

ALAI vs BKMS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ALAI(ETF)	BKMS(ETF)
Net Assets	$437M	$438M
Expense Ratio	0.58%	0.35%
Max Drawdown	29.36%	1.30%
Sharpe Ratio	1.75	-1.86
5Y Beta	1.53	0.02
P/E Ratio	40.54	N/A
Forward P/E	29.09	N/A
PEG Ratio	0.38	N/A
5Y EPS CAGR	41.71%	N/A
P/S Ratio	2.91	N/A
P/B Ratio	10.37	N/A

Net Assets

ALAI

$437M

Winner

BKMS

$438M

Expense Ratio

ALAI

0.58%

Winner

BKMS

0.35%

Max Drawdown

ALAI

29.36%

Winner

BKMS

1.30%

Sharpe Ratio

Winner

ALAI

1.75

BKMS

-1.86

5Y Beta

ALAI

1.53

Winner

BKMS

0.02

P/E Ratio

ALAI

40.54

BKMS

N/A

Forward P/E

ALAI

29.09

BKMS

N/A

PEG Ratio

ALAI

0.38

BKMS

N/A

5Y EPS CAGR

ALAI

41.71%

BKMS

N/A

P/S Ratio

ALAI

2.91

BKMS

N/A

P/B Ratio

ALAI

10.37

BKMS

N/A

ALAI vs BKMS - Historical Returns

Returns include dividend reinvestment.

Period	ALAI	BKMS
1 month	+8.43%	+0.46%
3 months	+31.94%	+0.16%
6 months	+30.51%	+0.62%
1 year	+57.99%	N/A
Max(CAGR)	+46.38%	+1.45%

Winner

ALAI

+8.43%

BKMS

+0.46%

Winner

ALAI

+31.94%

BKMS

+0.16%

Winner

ALAI

+30.51%

BKMS

+0.62%

ALAI

+57.99%

BKMS

N/A

Max(CAGR)

Winner

ALAI

+46.38%

BKMS

+1.45%

ALAI vs BKMS - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	ALAI	BKMS
2026	+25.09%	+0.62%
2025	+38.27%	N/A
2024	+31.47%	N/A

ALAI vs BKMS Drawdown Comparison

The maximum drawdown for ALAI was -29.36%, occurring on Apr 4, 2025. Recovery took 80 trading sessions.

The maximum drawdown for BKMS was -0.87%, occurring on Mar 26, 2026. Recovery took 74 trading sessions.

The current ALAI drawdown is -2.76%. The current BKMS drawdown is -0.13%.

Rank	ALAI	BKMS
#1	-29.36% Feb 14, 2025 - Jun 11, 2025	-0.87% Feb 27, 2026 - Jun 15, 2026
#2	-19.51% Oct 29, 2025 - Apr 17, 2026	-0.18% Jan 23, 2026 - Jan 30, 2026
#3	-15.99% Jul 10, 2024 - Sep 24, 2024	-0.13% Jun 15, 2026 - Jun 17, 2026
#4	-10.43% Jun 1, 2026 - Jun 10, 2026	-0.08% Jan 16, 2026 - Jan 23, 2026
#5	-8.76% Apr 11, 2024 - May 14, 2024	-0.08% Feb 17, 2026 - Feb 23, 2026
#6	-7.56% Jan 23, 2025 - Feb 13, 2025	-0.06% Feb 9, 2026 - Feb 12, 2026
#7	-5.18% Dec 6, 2024 - Jan 6, 2025	-0.02% Feb 5, 2026 - Feb 9, 2026
#8	-5.07% Aug 12, 2025 - Aug 28, 2025	N/A
#9	-4.58% Oct 9, 2025 - Oct 27, 2025	N/A
#10	-4.39% Jan 6, 2025 - Jan 21, 2025	N/A
#11	-4.07% May 14, 2026 - May 21, 2026	N/A
#12	-3.53% Jul 31, 2025 - Aug 7, 2025	N/A
#13	-3.08% May 28, 2024 - Jun 5, 2024	N/A
#14	-2.98% Oct 29, 2024 - Nov 6, 2024	N/A
#15	-2.89% Jun 18, 2024 - Jul 3, 2024	N/A