ALAI vs. QQQE ETF Comparison
Comparison of Alger AI Enablers & Adopters ETF (ALAI) to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE)
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
QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares
QQQE Description
The investment seeks investment results, before fees and expenses, that track the NASDAQ-100® Equal Weighted Index. The fund invests at least 80% of its assets in the equity securities that comprise the index and/or investments that have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is the equal weighted version of the NASDAQ-100 Index® which includes 100 of the largest domestic and international non-financial securities listed on The NASDAQ® Stock Market (the "NASDAQ®") based on market capitalization. The fund is non-diversified.Grade (RS Rating)
Last Trade
$94.01
Average Daily Volume
247,668
101
Performance
| Period | ALAI | QQQE |
|---|---|---|
| 30 Days | 9.25% | 4.62% |
| 60 Days | 13.38% | 5.09% |
| 90 Days | 18.43% | 5.19% |
| 12 Months | 21.25% |
19 Overlapping Holdings
| Symbol | Grade | Weight in ALAI | Weight in QQQE | Overlap | |
|---|---|---|---|---|---|
| AAPL | C | 11.09% | 0.94% | 0.94% | |
| ADBE | C | 1.2% | 0.96% | 0.96% | |
| AMD | F | 1.01% | 0.88% | 0.88% | |
| AMZN | C | 8.81% | 1.04% | 1.04% | |
| ASML | F | 0.81% | 0.8% | 0.8% | |
| AVGO | D | 4.14% | 0.98% | 0.98% | |
| CDNS | B | 0.56% | 1.04% | 0.56% | |
| CEG | D | 1.69% | 0.85% | 0.85% | |
| GOOG | C | 2.33% | 0.53% | 0.53% | |
| ISRG | A | 1.4% | 1.05% | 1.05% | |
| MELI | D | 1.45% | 0.89% | 0.89% | |
| META | D | 6.72% | 0.99% | 0.99% | |
| MRVL | B | 0.48% | 1.2% | 0.48% | |
| MSFT | F | 11.86% | 0.93% | 0.93% | |
| MU | D | 0.88% | 1.09% | 0.88% | |
| NFLX | A | 1.34% | 1.11% | 1.11% | |
| NVDA | C | 10.98% | 1.22% | 1.22% | |
| TSLA | B | 0.63% | 1.31% | 0.63% | |
| TTD | B | 0.43% | 1.14% | 0.43% |
ALAI Overweight 22 Positions Relative to QQQE
ALAI Underweight 82 Positions Relative to QQQE
| Symbol | Grade | Weight | |
|---|---|---|---|
| TEAM | A | -1.43% | |
| FTNT | C | -1.23% | |
| DASH | A | -1.2% | |
| BKNG | A | -1.18% | |
| TTWO | A | -1.16% | |
| LULU | C | -1.16% | |
| ZS | C | -1.15% | |
| BKR | B | -1.15% | |
| TMUS | B | -1.14% | |
| CHTR | C | -1.13% | |
| FAST | B | -1.12% | |
| PCAR | B | -1.12% | |
| ODFL | B | -1.11% | |
| EA | A | -1.11% | |
| PANW | C | -1.11% | |
| MAR | B | -1.11% | |
| HON | B | -1.1% | |
| ADSK | A | -1.1% | |
| CRWD | B | -1.09% | |
| CSCO | B | -1.08% | |
| PDD | F | -1.08% | |
| WBD | C | -1.07% | |
| GILD | C | -1.07% | |
| ILMN | D | -1.07% | |
| PYPL | B | -1.07% | |
| PAYX | C | -1.06% | |
| CPRT | A | -1.06% | |
| ADP | B | -1.06% | |
| ORLY | B | -1.06% | |
| CMCSA | B | -1.05% | |
| CTAS | B | -1.05% | |
| INTC | D | -1.05% | |
| VRSK | A | -1.04% | |
| WDAY | B | -1.04% | |
| SNPS | B | -1.04% | |
| MNST | C | -1.04% | |
| CTSH | B | -1.03% | |
| INTU | C | -1.03% | |
| GFS | C | -1.02% | |
| XEL | A | -1.02% | |
| ANSS | B | -1.02% | |
| DDOG | A | -1.02% | |
| TXN | C | -1.0% | |
| MDB | C | -1.0% | |
| VRTX | F | -1.0% | |
| DXCM | D | -1.0% | |
| COST | B | -0.98% | |
| SBUX | A | -0.98% | |
| CSX | B | -0.98% | |
| ABNB | C | -0.97% | |
| ARM | D | -0.96% | |
| ON | D | -0.96% | |
| ROP | B | -0.96% | |
| FANG | D | -0.95% | |
| CSGP | D | -0.93% | |
| LRCX | F | -0.93% | |
| LIN | D | -0.92% | |
| QCOM | F | -0.92% | |
| ADI | D | -0.92% | |
| NXPI | D | -0.92% | |
| AMAT | F | -0.92% | |
| PEP | F | -0.91% | |
| GEHC | F | -0.9% | |
| EXC | C | -0.9% | |
| CCEP | C | -0.9% | |
| ROST | C | -0.87% | |
| AEP | D | -0.87% | |
| KHC | F | -0.87% | |
| KDP | D | -0.85% | |
| MDLZ | F | -0.85% | |
| AMGN | D | -0.84% | |
| DLTR | F | -0.83% | |
| MCHP | D | -0.83% | |
| KLAC | D | -0.83% | |
| CDW | F | -0.81% | |
| IDXX | F | -0.8% | |
| BIIB | F | -0.8% | |
| AZN | D | -0.79% | |
| REGN | F | -0.68% | |
| MRNA | F | -0.63% | |
| GOOGL | C | -0.53% | |
| SMCI | F | -0.45% |
ALAI: Top Represented Industries & Keywords
QQQE: Top Represented Industries & Keywords
Compare ETFs
