ALAI vs. FTC ETF Comparison
Comparison of Alger AI Enablers & Adopters ETF (ALAI) to First Trust Large Cap Growth AlphaDEX Fund (based on the Defined Large Cap Growth Index) (FTC)
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
FTC
First Trust Large Cap Growth AlphaDEX Fund (based on the Defined Large Cap Growth Index)
FTC 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 Large Cap Growth 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 500(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
$146.37
Average Daily Volume
33,503
186
Performance
| Period | ALAI | FTC |
|---|---|---|
| 30 Days | 9.25% | 9.08% |
| 60 Days | 13.38% | 12.23% |
| 90 Days | 18.43% | 15.96% |
| 12 Months | 42.15% |
24 Overlapping Holdings
| Symbol | Grade | Weight in ALAI | Weight in FTC | Overlap | |
|---|---|---|---|---|---|
| AAPL | C | 11.09% | 0.33% | 0.33% | |
| AMZN | C | 8.81% | 0.38% | 0.38% | |
| APP | B | 4.79% | 1.81% | 1.81% | |
| AVGO | D | 4.14% | 0.66% | 0.66% | |
| CEG | D | 1.69% | 0.72% | 0.72% | |
| DELL | C | 0.58% | 0.38% | 0.38% | |
| DKNG | B | 1.77% | 0.17% | 0.17% | |
| DLR | B | 0.45% | 0.18% | 0.18% | |
| EQIX | A | 1.34% | 0.16% | 0.16% | |
| ISRG | A | 1.4% | 0.53% | 0.53% | |
| JPM | A | 0.22% | 0.76% | 0.22% | |
| META | D | 6.72% | 0.67% | 0.67% | |
| MU | D | 0.88% | 0.16% | 0.16% | |
| NEE | D | 0.27% | 0.59% | 0.27% | |
| NFLX | A | 1.34% | 0.57% | 0.57% | |
| NOW | A | 0.68% | 0.77% | 0.68% | |
| NRG | B | 1.02% | 0.84% | 0.84% | |
| NVDA | C | 10.98% | 0.81% | 0.81% | |
| PWR | A | 0.28% | 0.9% | 0.28% | |
| SPGI | C | 2.88% | 0.48% | 0.48% | |
| TSLA | B | 0.63% | 0.4% | 0.4% | |
| TTD | B | 0.43% | 0.56% | 0.43% | |
| UBER | D | 0.47% | 0.46% | 0.46% | |
| VRT | B | 2.18% | 1.01% | 1.01% |
ALAI Underweight 162 Positions Relative to FTC
| Symbol | Grade | Weight | |
|---|---|---|---|
| PLTR | B | -1.32% | |
| AXON | A | -1.26% | |
| CVNA | B | -1.15% | |
| RCL | A | -1.09% | |
| TRGP | B | -1.08% | |
| EXPE | B | -1.03% | |
| DASH | A | -1.01% | |
| FICO | B | -1.0% | |
| GS | A | -0.99% | |
| GDDY | A | -0.98% | |
| VST | B | -0.97% | |
| KKR | A | -0.96% | |
| EME | C | -0.96% | |
| HWM | A | -0.94% | |
| HOOD | B | -0.92% | |
| UTHR | C | -0.9% | |
| BK | A | -0.9% | |
| WAB | B | -0.9% | |
| AXP | A | -0.89% | |
| CCL | B | -0.88% | |
| TT | A | -0.88% | |
| HEI | B | -0.88% | |
| URI | B | -0.87% | |
| CPNG | D | -0.86% | |
| ALL | A | -0.86% | |
| PGR | A | -0.85% | |
| BURL | A | -0.85% | |
| THC | D | -0.82% | |
| VTR | C | -0.82% | |
| AMP | A | -0.8% | |
| GRMN | B | -0.8% | |
| LYV | A | -0.79% | |
| IRM | D | -0.79% | |
| RBLX | C | -0.79% | |
| FCNCA | A | -0.78% | |
| FI | A | -0.78% | |
| NTRS | A | -0.78% | |
| TMUS | B | -0.77% | |
| TPL | A | -0.75% | |
| PH | A | -0.74% | |
| ACGL | D | -0.74% | |
| GEN | B | -0.73% | |
| ORCL | B | -0.73% | |
| MSI | B | -0.73% | |
| PCG | A | -0.71% | |
| HCA | F | -0.71% | |
| BSX | B | -0.7% | |
| CTAS | B | -0.7% | |
| PM | B | -0.7% | |
| BRO | B | -0.7% | |
| COST | B | -0.69% | |
| SHW | A | -0.68% | |
| LII | A | -0.68% | |
| ANET | C | -0.67% | |
| CAT | B | -0.66% | |
| PEG | A | -0.65% | |
| FSLR | F | -0.65% | |
| APO | B | -0.64% | |
| ERIE | D | -0.63% | |
| IBM | C | -0.63% | |
| GE | D | -0.63% | |
| RMD | C | -0.63% | |
| BAH | F | -0.63% | |
| ALNY | D | -0.62% | |
| FTNT | C | -0.59% | |
| TDG | D | -0.59% | |
| BKNG | A | -0.57% | |
| GWW | B | -0.55% | |
| DECK | A | -0.54% | |
| CASY | A | -0.53% | |
| HLT | A | -0.53% | |
| WSO | A | -0.52% | |
| NDAQ | A | -0.52% | |
| COIN | C | -0.52% | |
| AJG | B | -0.51% | |
| WELL | A | -0.51% | |
| TYL | B | -0.51% | |
| BR | A | -0.51% | |
| TJX | A | -0.5% | |
| HUBB | B | -0.5% | |
| CSL | C | -0.49% | |
| MCO | B | -0.49% | |
| BRK.A | B | -0.49% | |
| MANH | D | -0.48% | |
| NTAP | C | -0.47% | |
| SO | D | -0.47% | |
| LVS | C | -0.47% | |
| ECL | D | -0.47% | |
| ICE | C | -0.47% | |
| TSCO | D | -0.46% | |
| VLTO | D | -0.45% | |
| XYL | D | -0.44% | |
| PSA | D | -0.44% | |
| CL | D | -0.43% | |
| EFX | F | -0.43% | |
| WMB | A | -0.41% | |
| AMT | D | -0.41% | |
| CPAY | A | -0.39% | |
| MAR | B | -0.38% | |
| PANW | C | -0.38% | |
| ADSK | A | -0.37% | |
| APH | A | -0.37% | |
| ARES | A | -0.36% | |
| MO | A | -0.36% | |
| ETN | A | -0.36% | |
| RSG | A | -0.35% | |
| IR | B | -0.35% | |
| DOV | A | -0.35% | |
| SPG | B | -0.35% | |
| IT | C | -0.35% | |
| ORLY | B | -0.35% | |
| MCD | D | -0.33% | |
| ROL | B | -0.33% | |
| MMC | B | -0.33% | |
| AZO | C | -0.33% | |
| ROST | C | -0.32% | |
| MSTR | C | -0.32% | |
| OTIS | C | -0.32% | |
| CBOE | B | -0.32% | |
| AMGN | D | -0.31% | |
| RIVN | F | -0.31% | |
| VICI | C | -0.31% | |
| LLY | F | -0.3% | |
| BLD | D | -0.3% | |
| EXR | D | -0.3% | |
| KO | D | -0.29% | |
| O | D | -0.29% | |
| WSM | B | -0.28% | |
| LPLA | A | -0.22% | |
| MPWR | F | -0.21% | |
| CRM | B | -0.2% | |
| CRWD | B | -0.2% | |
| FAST | B | -0.19% | |
| PAYX | C | -0.18% | |
| AON | A | -0.18% | |
| ADP | B | -0.18% | |
| MKL | A | -0.18% | |
| WDAY | B | -0.18% | |
| GPN | B | -0.18% | |
| ESS | B | -0.17% | |
| ITW | B | -0.17% | |
| CHD | B | -0.17% | |
| MSCI | C | -0.17% | |
| CMG | B | -0.17% | |
| VRTX | F | -0.17% | |
| WAT | B | -0.17% | |
| MA | C | -0.17% | |
| GOOGL | C | -0.17% | |
| SYK | C | -0.17% | |
| WM | A | -0.17% | |
| QCOM | F | -0.16% | |
| PG | A | -0.16% | |
| AVB | B | -0.16% | |
| SBAC | D | -0.15% | |
| KMB | D | -0.15% | |
| GLPI | C | -0.15% | |
| LIN | D | -0.15% | |
| CCI | D | -0.14% | |
| A | D | -0.14% | |
| ZTS | D | -0.14% | |
| MTD | D | -0.13% | |
| KLAC | D | -0.13% |
ALAI: Top Represented Industries & Keywords
FTC: Top Represented Industries & Keywords
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