ALAI vs. IWLG ETF Comparison
Comparison of Alger AI Enablers & Adopters ETF (ALAI) to IQ MacKay Municipal Insured ETF (IWLG)
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
$25.69
Average Daily Volume
8,046
41
IWLG
IQ MacKay Municipal Insured ETF
IWLG Description
IQ MacKay Municipal Insured ETF seek long-term growth of capital by employing a bottom-up investment process while investing in companies that have the potential for above-average future earnings and cash flow growth. IQ MacKay Municipal Insured ETF is domiciled in the United States.Grade (RS Rating)
Last Trade
$47.85
Average Daily Volume
10,198
42
Performance
| Period | ALAI | IWLG |
|---|---|---|
| 30 Days | 8.69% | 4.78% |
| 60 Days | 25.56% | 14.91% |
| 90 Days | 25.74% | 13.83% |
| 12 Months | 48.17% |
18 Overlapping Holdings
| Symbol | Grade | Weight in ALAI | Weight in IWLG | Overlap | |
|---|---|---|---|---|---|
| AAPL | B | 11.09% | 6.63% | 6.63% | |
| ADBE | F | 1.2% | 0.84% | 0.84% | |
| AMD | F | 1.01% | 1.78% | 1.01% | |
| AMZN | A | 8.81% | 8.27% | 8.27% | |
| ASML | F | 0.81% | 1.05% | 0.81% | |
| AVGO | B | 4.14% | 4.01% | 4.01% | |
| GOOG | B | 2.33% | 2.44% | 2.33% | |
| ISRG | A | 1.4% | 2.23% | 1.4% | |
| MELI | D | 1.45% | 1.49% | 1.45% | |
| META | B | 6.72% | 5.28% | 5.28% | |
| MSFT | C | 11.86% | 12.49% | 11.86% | |
| NFLX | A | 1.34% | 1.8% | 1.34% | |
| NOW | A | 0.68% | 1.75% | 0.68% | |
| NVDA | A | 10.98% | 7.8% | 7.8% | |
| SHOP | B | 0.24% | 1.11% | 0.24% | |
| SPOT | A | 1.0% | 2.49% | 1.0% | |
| TSLA | A | 0.63% | 1.52% | 0.63% | |
| UBER | D | 0.47% | 1.51% | 0.47% |
ALAI Overweight 23 Positions Relative to IWLG
| Symbol | Grade | Weight | |
|---|---|---|---|
| APP | B | 4.79% | |
| SPGI | D | 2.88% | |
| TSM | B | 2.57% | |
| VRT | B | 2.18% | |
| DKNG | D | 1.77% | |
| CEG | C | 1.69% | |
| UNH | B | 1.42% | |
| EQIX | B | 1.34% | |
| NRG | A | 1.02% | |
| MU | C | 0.88% | |
| SE | C | 0.8% | |
| PINS | C | 0.79% | |
| NTRA | C | 0.74% | |
| DELL | C | 0.58% | |
| CDNS | B | 0.56% | |
| MRVL | A | 0.48% | |
| DLR | C | 0.45% | |
| TTD | A | 0.43% | |
| WMT | B | 0.31% | |
| PWR | A | 0.28% | |
| NEE | D | 0.27% | |
| JPM | B | 0.22% | |
| HUBS | B | 0.2% |
ALAI Underweight 24 Positions Relative to IWLG
| Symbol | Grade | Weight | |
|---|---|---|---|
| LLY | F | -2.51% | |
| GOOGL | B | -2.42% | |
| MA | B | -2.33% | |
| GE | D | -2.0% | |
| KKR | B | -1.99% | |
| TT | B | -1.86% | |
| WDAY | C | -1.76% | |
| FICO | A | -1.73% | |
| ETN | B | -1.62% | |
| INTU | A | -1.55% | |
| LRCX | D | -1.43% | |
| CMG | C | -1.34% | |
| SBUX | C | -1.27% | |
| ORCL | A | -1.22% | |
| SYK | B | -1.19% | |
| ORLY | B | -1.19% | |
| SNPS | B | -1.07% | |
| WCN | C | -1.07% | |
| HLT | B | -1.03% | |
| VMC | B | -0.97% | |
| TXN | A | -0.97% | |
| ALNY | C | -0.95% | |
| BSX | B | -0.95% | |
| BKNG | B | -0.55% |
ALAI: Top Represented Industries & Keywords
IWLG: Top Represented Industries & Keywords
Compare ETFs
