ALAI vs. BERZ ETF Comparison
Comparison of Alger AI Enablers & Adopters ETF (ALAI) to MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ)
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
BERZ
MicroSectors FANG & Innovation -3x Inverse Leveraged ETN
BERZ Description
BERZ provides daily -3x inverse exposure to an index of FANG and technology companies that meet certain requirements. The fund will consistently comprise eight core components (Alphabet, Amazon, Apple, Facebook, Microsoft, Netflix, NVIDIA, and Tesla) and include seven companies determined through a selection methodology. Eligible securities must be listed on a US exchange, classified in the technology sector, and have a market cap of at least 10 billion USD. Selection will begin with ranking the securities by market cap and selecting the 30 largest companies which will then be sorted by 12-month average daily value traded. The top seven stocks will complete the index along with the eight core components and are then equally weighted. The index is rebalanced monthly and reconstituted quarterly. As a leveraged inverse product with -3x factor that resets daily, BERZ is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period.Grade (RS Rating)
Last Trade
$14.22
Average Daily Volume
104,363
15
Performance
| Period | ALAI | BERZ |
|---|---|---|
| 30 Days | 9.25% | -19.93% |
| 60 Days | 13.38% | -22.76% |
| 90 Days | 18.43% | -27.71% |
| 12 Months | -70.44% |
11 Overlapping Holdings
| Symbol | Grade | Weight in ALAI | Weight in BERZ | Overlap | |
|---|---|---|---|---|---|
| AAPL | C | 11.09% | 6.67% | 6.67% | |
| ADBE | C | 1.2% | 6.67% | 1.2% | |
| AMD | F | 1.01% | 6.67% | 1.01% | |
| AMZN | C | 8.81% | 6.67% | 6.67% | |
| AVGO | D | 4.14% | 6.67% | 4.14% | |
| META | D | 6.72% | 6.67% | 6.67% | |
| MSFT | F | 11.86% | 6.67% | 6.67% | |
| MU | D | 0.88% | 6.67% | 0.88% | |
| NFLX | A | 1.34% | 6.67% | 1.34% | |
| NVDA | C | 10.98% | 6.67% | 6.67% | |
| TSLA | B | 0.63% | 6.67% | 0.63% |
ALAI Overweight 30 Positions Relative to BERZ
| Symbol | Grade | Weight | |
|---|---|---|---|
| APP | B | 4.79% | |
| SPGI | C | 2.88% | |
| TSM | B | 2.57% | |
| GOOG | C | 2.33% | |
| VRT | B | 2.18% | |
| DKNG | B | 1.77% | |
| CEG | D | 1.69% | |
| MELI | D | 1.45% | |
| UNH | C | 1.42% | |
| ISRG | A | 1.4% | |
| EQIX | A | 1.34% | |
| NRG | B | 1.02% | |
| SPOT | B | 1.0% | |
| ASML | F | 0.81% | |
| SE | B | 0.8% | |
| PINS | D | 0.79% | |
| NTRA | B | 0.74% | |
| NOW | A | 0.68% | |
| DELL | C | 0.58% | |
| CDNS | B | 0.56% | |
| MRVL | B | 0.48% | |
| UBER | D | 0.47% | |
| DLR | B | 0.45% | |
| TTD | B | 0.43% | |
| WMT | A | 0.31% | |
| PWR | A | 0.28% | |
| NEE | D | 0.27% | |
| SHOP | B | 0.24% | |
| JPM | A | 0.22% | |
| HUBS | A | 0.2% |
ALAI: Top Represented Industries & Keywords
BERZ: Top Represented Industries & Keywords
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