ALAI vs SHYD
Comparison between ALGER AI ENABLERS & ADOPTERS ETF (ALAI, ETF) and VANECK SHORT HIGH YIELD MUNI ETF (SHYD, ETF).
ALAI vs SHYD - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
ALAI
$451M
SHYD
$451M
Expense Ratio
ALAI
0.58%
Winner
SHYD
0.32%
Max Drawdown
Winner
ALAI
29.36%
SHYD
31.57%
Sharpe Ratio
Winner
ALAI
1.34
SHYD
0.62
5Y Beta
ALAI
1.54
Winner
SHYD
0.02
P/E Ratio
ALAI
42.48
SHYD
N/A
Forward P/E
ALAI
26.34
SHYD
N/A
PEG Ratio
ALAI
0.36
SHYD
N/A
5Y Dividends CAGR
ALAI
N/A
SHYD
2.43%
5Y EPS CAGR
ALAI
40.42%
SHYD
N/A
P/S Ratio
ALAI
2.51
SHYD
N/A
P/B Ratio
ALAI
10.57
SHYD
N/A
ALAI vs SHYD - Historical Returns
Returns include dividend reinvestment.
1M
ALAI
-2.86%
Winner
SHYD
-0.24%
3M
Winner
ALAI
+15.66%
SHYD
+1.14%
6M
Winner
ALAI
+24.43%
SHYD
+0.69%
1Y
Winner
ALAI
+43.94%
SHYD
+5.47%
5Y(CAGR)
ALAI
N/A
SHYD
+0.75%
10Y(CAGR)
ALAI
N/A
SHYD
+1.97%
Max(CAGR)
Winner
ALAI
+43.29%
SHYD
+2.28%
ALAI vs SHYD - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | ALAI | SHYD |
|---|---|---|
| 2026 | +23.44% | +1.21% |
| 2025 | +38.27% | +5.44% |
| 2024 | +31.47% | +4.61% |
| 2023 | N/A | +2.21% |
| 2022 | N/A | -9.01% |
| 2021 | N/A | +4.25% |
| 2020 | N/A | +1.41% |
| 2019 | N/A | +7.35% |
| 2018 | N/A | +3.34% |
| 2017 | N/A | +5.07% |
| 2016 | N/A | -0.59% |
| 2015 | N/A | -0.32% |
| 2014 | N/A | +4.55% |
ALAI vs SHYD Drawdown Comparison
The maximum drawdown for ALAI was -29.36%, occurring on Apr 4, 2025. Recovery took 80 trading sessions.
The maximum drawdown for SHYD was -31.22%, occurring on Mar 19, 2020. Recovery took 225 trading sessions.
The current ALAI drawdown is -4.13%. The current SHYD drawdown is -0.41%.
| Rank | ALAI | SHYD |
|---|---|---|
| #1 | -29.36% Feb 14, 2025 - Jun 11, 2025 | -31.22% Feb 27, 2020 - Jan 19, 2021 |
| #2 | -19.51% Oct 29, 2025 - Apr 17, 2026 | -13.32% Aug 4, 2021 - Aug 15, 2025 |
| #3 | -15.99% Jul 10, 2024 - Sep 24, 2024 | -7.97% Aug 24, 2016 - Sep 5, 2017 |
| #4 | -10.43% Jun 1, 2026 - Jun 18, 2026 | -4.24% Feb 4, 2015 - Mar 7, 2016 |
| #5 | -8.76% Apr 11, 2024 - May 14, 2024 | -2.17% Feb 26, 2026 - Jun 16, 2026 |
| #6 | -8.30% Jun 18, 2026 - Jul 17, 2026 | -2.00% Jun 25, 2014 - Sep 23, 2014 |
| #7 | -7.56% Jan 23, 2025 - Feb 13, 2025 | -1.96% Aug 22, 2018 - Jan 2, 2019 |
| #8 | -5.18% Dec 6, 2024 - Jan 6, 2025 | -1.74% Feb 8, 2021 - May 6, 2021 |
| #9 | -5.07% Aug 12, 2025 - Aug 28, 2025 | -1.18% Sep 5, 2017 - Apr 6, 2018 |
| #10 | -4.58% Oct 9, 2025 - Oct 27, 2025 | -1.03% Mar 12, 2014 - May 14, 2014 |
| #11 | -4.39% Jan 6, 2025 - Jan 21, 2025 | -0.99% Sep 4, 2019 - Nov 26, 2019 |
| #12 | -4.07% May 14, 2026 - May 21, 2026 | -0.90% Sep 17, 2025 - Nov 24, 2025 |
| #13 | -3.53% Jul 31, 2025 - Aug 7, 2025 | -0.74% Oct 15, 2014 - Oct 30, 2014 |
| #14 | -3.08% May 28, 2024 - Jun 5, 2024 | -0.69% Aug 15, 2025 - Sep 5, 2025 |
| #15 | -2.98% Oct 29, 2024 - Nov 6, 2024 | -0.59% Dec 10, 2014 - Dec 30, 2014 |
Correlation
Correlation between ALAI and SHYD is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
0.93
-101
Dividend Comparison (2014 - 2026)
ALAI vs SHYD dividend yield comparison.
| Year | ALAI | SHYD |
|---|---|---|
| 2026 | 0.00% | 1.83% |
| 2025 | 1.50% | 3.50% |
| 2024 | 0.66% | 3.16% |
| 2023 | 0.00% | 2.99% |
| 2022 | 0.00% | 2.66% |
| 2021 | 0.00% | 2.56% |
| 2020 | 0.00% | 3.05% |
| 2019 | 0.00% | 3.19% |
| 2018 | 0.00% | 3.17% |
| 2017 | 0.00% | 3.11% |
| 2016 | 0.00% | 2.97% |
| 2015 | 0.00% | 3.26% |
| 2014 | 0.00% | 2.90% |
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