Dielectrics by atomic layer deposition (ALD) are sought after for fabricating AlGaN/GaN based metal oxide semiconductor heterojunction field effect transistors (MOS-HFETs) for power applications. The ideal gate dielectric is required to suppress gate leakage and minimize threshold voltage (V T ) instability by hosting minimal interface traps. Additionally, with the need for an enhancement mode device, it is preferable if it minimizes V T shift in the negative direction. For the first time, we compare popular ALD dielectrics like SiO 2 , Al 2 O 3 , HfO 2 and HfAlO with identical electrical thickness on AlGaN/GaN, thereby ensuring identical electrostatic conditions across different dielectrics. High-k ALD dielectrics (HfAlO, HfO 2 and Al 2 O 3 ) are found to suppress gate leakage but host a high density of interface traps with AlGaN, thereby resulting in significant V T instability. ALD SiO 2 gate dielectric, annealed in N 2 above 600 °C, is a promising gate dielectric candidate which provides the most stable and least negative shift in V T while also substantially suppressing gate leakage below that of an HFET.