ALAI vs. ARKK ETF Comparison
Comparison of Alger AI Enablers & Adopters ETF (ALAI) to ARK Innovation ETF (ARKK)
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
$26.10
Average Daily Volume
10,268
41
ARKK
ARK Innovation ETF
ARKK Description
The investment seeks long-term growth of capital. The fund is an actively-managed exchange-traded fund ("ETF") that will invest under normal circumstances primarily (at least 65% of its assets) in domestic and foreign equity securities of companies that are relevant to the fund's investment theme of disruptive innovation. Its investments in foreign equity securities will be in both developed and emerging markets. The fund currently intends to use only American Depositary Receipts ("ADRs") when purchasing foreign securities. It is non-diversified.Grade (RS Rating)
Last Trade
$56.21
Average Daily Volume
6,881,833
32
Performance
| Period | ALAI | ARKK |
|---|---|---|
| 30 Days | 9.25% | 22.84% |
| 60 Days | 13.38% | 19.75% |
| 90 Days | 18.43% | 21.56% |
| 12 Months | 26.83% |
ALAI Overweight 32 Positions Relative to ARKK
| Symbol | Grade | Weight | |
|---|---|---|---|
| MSFT | F | 11.86% | |
| AAPL | C | 11.09% | |
| NVDA | C | 10.98% | |
| APP | B | 4.79% | |
| AVGO | D | 4.14% | |
| SPGI | C | 2.88% | |
| TSM | B | 2.57% | |
| GOOG | C | 2.33% | |
| VRT | B | 2.18% | |
| CEG | D | 1.69% | |
| MELI | D | 1.45% | |
| UNH | C | 1.42% | |
| ISRG | A | 1.4% | |
| EQIX | A | 1.34% | |
| NFLX | A | 1.34% | |
| ADBE | C | 1.2% | |
| NRG | B | 1.02% | |
| SPOT | B | 1.0% | |
| MU | D | 0.88% | |
| ASML | F | 0.81% | |
| SE | B | 0.8% | |
| NOW | A | 0.68% | |
| DELL | C | 0.58% | |
| CDNS | B | 0.56% | |
| MRVL | B | 0.48% | |
| UBER | D | 0.47% | |
| DLR | B | 0.45% | |
| WMT | A | 0.31% | |
| PWR | A | 0.28% | |
| NEE | D | 0.27% | |
| JPM | A | 0.22% | |
| HUBS | A | 0.2% |
ALAI Underweight 23 Positions Relative to ARKK
| Symbol | Grade | Weight | |
|---|---|---|---|
| COIN | C | -9.34% | |
| ROKU | D | -9.33% | |
| RBLX | C | -6.36% | |
| PLTR | B | -5.33% | |
| HOOD | B | -4.82% | |
| CRSP | D | -4.63% | |
| SQ | B | -4.24% | |
| PATH | C | -2.68% | |
| PD | C | -2.27% | |
| RXRX | F | -2.11% | |
| NTLA | F | -2.09% | |
| BEAM | D | -1.91% | |
| TXG | F | -1.84% | |
| TWST | D | -1.8% | |
| VCYT | B | -1.73% | |
| TER | D | -1.37% | |
| SOFI | A | -1.2% | |
| ACHR | B | -1.07% | |
| ILMN | D | -0.87% | |
| PACB | F | -0.63% | |
| U | C | -0.48% | |
| CERS | C | -0.36% | |
| PRME | F | -0.14% |
ALAI: Top Represented Industries & Keywords
ARKK: Top Represented Industries & Keywords
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