ALAI vs. ANEW ETF Comparison
Comparison of Alger AI Enablers & Adopters ETF (ALAI) to ProShares MSCI Transformational Changes ETF (ANEW)
ALAI
Alger AI Enablers & Adopters ETF
ALAI Description
ALAI focuses on equity securities of firms benefiting from artificial intelligence (AI), targeting both AI Enablersthose developing components for and investing in AI infrastructureand AI Adoptersthose integrating AI to enhance their operations. The fund manager employs fundamental research to select securities, considering factors like revenue, resources devoted to AI, and market share estimates. This process assesses a firms involvement with AI and its potential impact on stock performance in the next one to three years. Additionally, ALAI actively seeks companies experiencing Positive Dynamic Change, or those demonstrating high unit volume growth or significant lifecycle shifts. Investments span all market capitalizations, with at least 25% in AI-related industries like technology, retail, and media. The fund may also include foreign securities and hold cash or equivalents during market volatility or when awaiting investment opportunities. ALAI aims to identify firms at the forefront of AI adoption, striving for sustainable long-term growth.
Grade (RS Rating)
Last Trade
$26.06
Average Daily Volume
10,280
41
ANEW
ProShares MSCI Transformational Changes ETF
ANEW Description
The investment seeks investment results, before fees and expenses, that track the performance of the MSCI Global Transformational Changes Index (the index). The fund seeks to invest substantially all of its assets in the securities included in the index. The index selects companies which may benefit from transformational changes in how people work, take care of their health, and consume and connect (Transformational Changes) - changes accelerated by COVID-19.Grade (RS Rating)
Last Trade
$45.98
Average Daily Volume
352
124
Performance
| Period | ALAI | ANEW |
|---|---|---|
| 30 Days | 7.65% | 1.03% |
| 60 Days | 14.09% | 4.14% |
| 90 Days | 18.70% | 5.35% |
| 12 Months | 27.69% |
16 Overlapping Holdings
| Symbol | Grade | Weight in ALAI | Weight in ANEW | Overlap | |
|---|---|---|---|---|---|
| AAPL | C | 11.09% | 2.23% | 2.23% | |
| ADBE | C | 1.2% | 2.05% | 1.2% | |
| AMD | F | 1.01% | 0.34% | 0.34% | |
| AMZN | C | 8.81% | 2.16% | 2.16% | |
| AVGO | D | 4.14% | 1.6% | 1.6% | |
| DKNG | B | 1.77% | 0.5% | 0.5% | |
| EQIX | A | 1.34% | 0.2% | 0.2% | |
| ISRG | A | 1.4% | 2.49% | 1.4% | |
| META | D | 6.72% | 2.32% | 2.32% | |
| MSFT | D | 11.86% | 1.86% | 1.86% | |
| NFLX | A | 1.34% | 2.39% | 1.34% | |
| NOW | A | 0.68% | 0.26% | 0.26% | |
| NTRA | A | 0.74% | 0.29% | 0.29% | |
| NVDA | B | 10.98% | 2.89% | 2.89% | |
| PINS | F | 0.79% | 0.38% | 0.38% | |
| SE | A | 0.8% | 0.75% | 0.75% |
ALAI Overweight 25 Positions Relative to ANEW
| Symbol | Grade | Weight | |
|---|---|---|---|
| APP | B | 4.79% | |
| SPGI | C | 2.88% | |
| TSM | B | 2.57% | |
| GOOG | C | 2.33% | |
| VRT | B | 2.18% | |
| CEG | C | 1.69% | |
| MELI | C | 1.45% | |
| UNH | B | 1.42% | |
| NRG | B | 1.02% | |
| SPOT | B | 1.0% | |
| MU | D | 0.88% | |
| ASML | F | 0.81% | |
| TSLA | B | 0.63% | |
| DELL | B | 0.58% | |
| CDNS | B | 0.56% | |
| MRVL | B | 0.48% | |
| UBER | F | 0.47% | |
| DLR | B | 0.45% | |
| TTD | B | 0.43% | |
| WMT | A | 0.31% | |
| PWR | A | 0.28% | |
| NEE | C | 0.27% | |
| SHOP | B | 0.24% | |
| JPM | A | 0.22% | |
| HUBS | A | 0.2% |
ALAI Underweight 108 Positions Relative to ANEW
| Symbol | Grade | Weight | |
|---|---|---|---|
| DASH | B | -2.89% | |
| BKNG | A | -2.37% | |
| BSX | A | -2.17% | |
| ABT | B | -2.1% | |
| ABBV | F | -1.94% | |
| BABA | D | -1.93% | |
| DE | B | -1.92% | |
| MKC | C | -1.89% | |
| CTVA | C | -1.89% | |
| IFF | D | -1.71% | |
| DHR | F | -1.69% | |
| GOOGL | C | -1.66% | |
| MRK | D | -1.4% | |
| SFM | A | -1.21% | |
| BDX | F | -1.11% | |
| V | A | -1.04% | |
| FMC | D | -0.94% | |
| MA | B | -0.93% | |
| CNH | C | -0.92% | |
| AMAT | F | -0.85% | |
| AGCO | D | -0.79% | |
| EA | A | -0.68% | |
| EW | C | -0.67% | |
| TTWO | A | -0.64% | |
| CSCO | B | -0.64% | |
| EBAY | D | -0.63% | |
| ORCL | A | -0.61% | |
| OMC | C | -0.59% | |
| RMD | C | -0.58% | |
| TCOM | B | -0.58% | |
| QCOM | F | -0.56% | |
| ZD | B | -0.55% | |
| ANSS | B | -0.55% | |
| DXCM | C | -0.49% | |
| SMPL | B | -0.48% | |
| WST | C | -0.42% | |
| NEOG | F | -0.41% | |
| SMG | C | -0.4% | |
| SXT | C | -0.38% | |
| ILMN | C | -0.38% | |
| SNAP | D | -0.37% | |
| DOCS | C | -0.36% | |
| MSTR | B | -0.36% | |
| CRM | B | -0.34% | |
| DGX | A | -0.3% | |
| CVLT | B | -0.28% | |
| PANW | B | -0.27% | |
| HOOD | B | -0.27% | |
| QTWO | A | -0.27% | |
| FFIV | B | -0.25% | |
| GH | B | -0.25% | |
| PYPL | B | -0.24% | |
| DOCU | B | -0.24% | |
| SMAR | B | -0.24% | |
| GMED | A | -0.24% | |
| PRCT | B | -0.24% | |
| RARE | F | -0.23% | |
| BOX | B | -0.23% | |
| CCOI | B | -0.23% | |
| CYBR | A | -0.22% | |
| MRNA | F | -0.22% | |
| NET | B | -0.22% | |
| COIN | C | -0.22% | |
| INSP | D | -0.22% | |
| BL | B | -0.21% | |
| SMTC | B | -0.21% | |
| KTOS | B | -0.21% | |
| DBX | B | -0.21% | |
| CHKP | C | -0.21% | |
| PCTY | C | -0.21% | |
| VRNS | D | -0.21% | |
| GEN | B | -0.21% | |
| HPE | B | -0.21% | |
| JNPR | D | -0.2% | |
| DT | D | -0.2% | |
| RIOT | C | -0.2% | |
| NOVT | D | -0.2% | |
| ALTR | B | -0.2% | |
| NTAP | C | -0.19% | |
| WDAY | B | -0.19% | |
| BLKB | B | -0.19% | |
| TECH | F | -0.19% | |
| CRWD | B | -0.18% | |
| ENOV | C | -0.18% | |
| HSIC | C | -0.18% | |
| AI | B | -0.18% | |
| PCOR | B | -0.18% | |
| QGEN | D | -0.18% | |
| AKAM | D | -0.17% | |
| CRSP | D | -0.17% | |
| IRDM | D | -0.17% | |
| TENB | C | -0.17% | |
| NTNX | B | -0.17% | |
| TWST | F | -0.17% | |
| MARA | B | -0.17% | |
| EEFT | B | -0.16% | |
| MEDP | D | -0.16% | |
| SLAB | F | -0.15% | |
| NXPI | D | -0.15% | |
| SYNA | C | -0.15% | |
| CGNX | D | -0.15% | |
| OKTA | C | -0.14% | |
| CLSK | C | -0.14% | |
| IDYA | F | -0.14% | |
| TMDX | F | -0.13% | |
| FIVN | C | -0.13% | |
| ACHC | F | -0.12% | |
| TNDM | D | -0.11% |
ALAI: Top Represented Industries & Keywords
ANEW: Top Represented Industries & Keywords
Compare ETFs
