ALAI vs. FNY ETF Comparison
Comparison of Alger AI Enablers & Adopters ETF (ALAI) to First Trust Mid Cap Growth AlphaDEX (FNY)
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
FNY
First Trust Mid Cap Growth AlphaDEX
FNY Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Mid Cap Growth Index (the "index"). The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P MidCap 400(R) Growth Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.Grade (RS Rating)
Last Trade
$87.32
Average Daily Volume
13,952
214
Performance
| Period | ALAI | FNY |
|---|---|---|
| 30 Days | 9.25% | 9.26% |
| 60 Days | 13.38% | 10.03% |
| 90 Days | 18.43% | 12.45% |
| 12 Months | 43.71% |
1 Overlapping Holdings
| Symbol | Grade | Weight in ALAI | Weight in FNY | Overlap | |
|---|---|---|---|---|---|
| NTRA | B | 0.74% | 0.86% | 0.74% |
ALAI Overweight 40 Positions Relative to FNY
| Symbol | Grade | Weight | |
|---|---|---|---|
| MSFT | F | 11.86% | |
| AAPL | C | 11.09% | |
| NVDA | C | 10.98% | |
| AMZN | C | 8.81% | |
| META | D | 6.72% | |
| APP | B | 4.79% | |
| AVGO | D | 4.14% | |
| 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% | |
| NFLX | A | 1.34% | |
| ADBE | C | 1.2% | |
| NRG | B | 1.02% | |
| AMD | F | 1.01% | |
| SPOT | B | 1.0% | |
| MU | D | 0.88% | |
| ASML | F | 0.81% | |
| SE | B | 0.8% | |
| PINS | D | 0.79% | |
| NOW | A | 0.68% | |
| TSLA | B | 0.63% | |
| 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 Underweight 213 Positions Relative to FNY
| Symbol | Grade | Weight | |
|---|---|---|---|
| AFRM | B | -1.08% | |
| SOFI | A | -1.0% | |
| SFM | A | -0.91% | |
| AX | A | -0.9% | |
| ALSN | B | -0.87% | |
| QTWO | A | -0.86% | |
| PIPR | B | -0.84% | |
| FIX | A | -0.82% | |
| SFBS | B | -0.82% | |
| CORT | B | -0.81% | |
| RDNT | B | -0.81% | |
| CRS | A | -0.8% | |
| TOST | B | -0.8% | |
| FOUR | B | -0.8% | |
| HLNE | B | -0.8% | |
| KTB | B | -0.79% | |
| CSWI | A | -0.79% | |
| ITRI | B | -0.77% | |
| DUOL | A | -0.77% | |
| KNF | A | -0.76% | |
| ACIW | B | -0.76% | |
| COHR | B | -0.76% | |
| CW | B | -0.76% | |
| MOG.A | B | -0.76% | |
| CVLT | B | -0.76% | |
| EXEL | B | -0.75% | |
| IBKR | A | -0.74% | |
| IOT | A | -0.73% | |
| ENSG | D | -0.71% | |
| EWBC | A | -0.71% | |
| LTH | C | -0.7% | |
| DY | D | -0.7% | |
| AAON | B | -0.69% | |
| AIT | A | -0.68% | |
| DVA | B | -0.68% | |
| MOD | A | -0.67% | |
| EXLS | B | -0.66% | |
| HLI | B | -0.66% | |
| PEGA | A | -0.66% | |
| HIMS | B | -0.65% | |
| GMED | A | -0.65% | |
| COKE | C | -0.65% | |
| TPG | A | -0.65% | |
| PSN | D | -0.64% | |
| TXRH | C | -0.63% | |
| CACI | D | -0.63% | |
| FFIN | B | -0.63% | |
| PODD | C | -0.63% | |
| CRVL | A | -0.62% | |
| TTEK | F | -0.62% | |
| SLG | B | -0.62% | |
| FRPT | B | -0.62% | |
| RL | B | -0.61% | |
| MMSI | B | -0.6% | |
| GWRE | A | -0.6% | |
| ATI | D | -0.6% | |
| ITGR | B | -0.59% | |
| AUR | C | -0.59% | |
| KEX | C | -0.59% | |
| EXP | A | -0.59% | |
| ADC | B | -0.58% | |
| ANF | C | -0.58% | |
| ITT | A | -0.58% | |
| EHC | B | -0.58% | |
| BOOT | D | -0.57% | |
| TKO | B | -0.57% | |
| AVAV | D | -0.56% | |
| BCO | D | -0.56% | |
| CRDO | B | -0.56% | |
| BFAM | D | -0.55% | |
| FSS | B | -0.55% | |
| CBT | C | -0.55% | |
| BMI | B | -0.55% | |
| EPRT | B | -0.55% | |
| DOCU | A | -0.54% | |
| HRB | D | -0.54% | |
| NCLH | B | -0.54% | |
| PLNT | A | -0.51% | |
| BRBR | A | -0.51% | |
| AYI | B | -0.5% | |
| KAI | A | -0.5% | |
| IBOC | A | -0.5% | |
| SMG | D | -0.49% | |
| FLS | B | -0.49% | |
| LNTH | D | -0.49% | |
| BWXT | B | -0.49% | |
| AWI | A | -0.49% | |
| HOMB | A | -0.48% | |
| PRI | A | -0.48% | |
| ONB | B | -0.48% | |
| WHD | B | -0.47% | |
| S | B | -0.47% | |
| IBP | D | -0.47% | |
| PI | D | -0.46% | |
| FFIV | B | -0.46% | |
| SCI | B | -0.46% | |
| ZETA | D | -0.46% | |
| HASI | D | -0.45% | |
| TW | A | -0.45% | |
| RYAN | B | -0.45% | |
| AXSM | B | -0.44% | |
| BOX | B | -0.44% | |
| CNS | B | -0.44% | |
| CLH | B | -0.43% | |
| BDC | B | -0.43% | |
| DT | C | -0.42% | |
| AZEK | A | -0.42% | |
| WWD | B | -0.42% | |
| HALO | F | -0.42% | |
| DKS | C | -0.41% | |
| OHI | C | -0.41% | |
| SBRA | C | -0.41% | |
| NYT | C | -0.4% | |
| WYNN | D | -0.4% | |
| ALLE | D | -0.4% | |
| INSM | C | -0.39% | |
| OLLI | D | -0.39% | |
| RNA | D | -0.38% | |
| DTM | B | -0.37% | |
| VRNS | D | -0.37% | |
| CRUS | D | -0.35% | |
| CFR | B | -0.35% | |
| INSP | D | -0.35% | |
| PCTY | B | -0.34% | |
| RVMD | C | -0.34% | |
| MTCH | D | -0.34% | |
| CBSH | A | -0.34% | |
| ESAB | B | -0.33% | |
| GME | C | -0.33% | |
| WING | D | -0.33% | |
| RARE | D | -0.33% | |
| WTM | A | -0.32% | |
| ITCI | C | -0.32% | |
| RLI | B | -0.32% | |
| CWST | A | -0.31% | |
| AXTA | A | -0.31% | |
| RUN | F | -0.31% | |
| MKTX | D | -0.3% | |
| BRX | A | -0.3% | |
| GKOS | B | -0.3% | |
| MSGS | A | -0.3% | |
| BCPC | B | -0.29% | |
| KRG | B | -0.29% | |
| REG | B | -0.29% | |
| EEFT | B | -0.29% | |
| CHDN | B | -0.29% | |
| AES | F | -0.29% | |
| TMDX | F | -0.29% | |
| ORA | B | -0.29% | |
| IRT | A | -0.29% | |
| RHP | B | -0.29% | |
| DBX | B | -0.29% | |
| ATR | B | -0.29% | |
| BLKB | B | -0.28% | |
| BPMC | C | -0.28% | |
| CTRE | D | -0.28% | |
| KNSL | B | -0.28% | |
| CROX | D | -0.28% | |
| LAMR | D | -0.27% | |
| GPK | C | -0.27% | |
| GAP | C | -0.27% | |
| CPT | B | -0.27% | |
| CUBE | D | -0.26% | |
| AGNC | D | -0.26% | |
| EXPO | D | -0.24% | |
| FCN | D | -0.24% | |
| AOS | F | -0.23% | |
| VRRM | D | -0.23% | |
| FND | C | -0.23% | |
| CLSK | C | -0.2% | |
| PAYC | B | -0.19% | |
| GTLS | B | -0.19% | |
| LYFT | C | -0.19% | |
| GH | B | -0.18% | |
| OWL | A | -0.17% | |
| MASI | A | -0.17% | |
| DAY | B | -0.17% | |
| KD | B | -0.17% | |
| MARA | C | -0.16% | |
| CHH | A | -0.16% | |
| TRMB | B | -0.16% | |
| LOPE | B | -0.16% | |
| GATX | A | -0.16% | |
| NTNX | A | -0.16% | |
| AM | A | -0.15% | |
| ESI | A | -0.15% | |
| DCI | B | -0.15% | |
| RGLD | C | -0.15% | |
| MORN | B | -0.15% | |
| CRNX | C | -0.15% | |
| MAIN | A | -0.15% | |
| RBC | A | -0.15% | |
| GOLF | B | -0.15% | |
| IPAR | B | -0.14% | |
| ROIV | C | -0.14% | |
| APPF | B | -0.14% | |
| NEU | C | -0.14% | |
| UDR | B | -0.14% | |
| CNM | D | -0.14% | |
| H | B | -0.14% | |
| LNW | D | -0.14% | |
| NNN | D | -0.13% | |
| ELAN | D | -0.13% | |
| CHE | D | -0.13% | |
| EGP | F | -0.13% | |
| MEDP | D | -0.13% | |
| SSD | D | -0.13% | |
| FR | C | -0.13% | |
| TECH | D | -0.12% | |
| U | C | -0.11% | |
| TDW | F | -0.1% | |
| BRKR | D | -0.1% | |
| LCID | F | -0.09% |
ALAI: Top Represented Industries & Keywords
FNY: Top Represented Industries & Keywords
Compare ETFs
