ALAI vs. QQQI ETF Comparison
Comparison of Alger AI Enablers & Adopters ETF (ALAI) to NEOS Nasdaq 100 High Income ETF (QQQI)
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
QQQI
NEOS Nasdaq 100 High Income ETF
QQQI Description
The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing in a portfolio of stocks that make up the Nasdaq-100® Index and a call options strategy, that consists of written (sold) call options on the Nasdaq-100® Index. Under normal circumstances, at least 80% of the fund"s net assets, plus borrowings for investment purposes, will be invested in securities, or derivative instruments linked to securities, of companies that are included in the reference index.Grade (RS Rating)
Last Trade
$52.08
Average Daily Volume
231,302
101
Performance
| Period | ALAI | QQQI |
|---|---|---|
| 30 Days | 9.25% | 3.32% |
| 60 Days | 13.38% | 4.75% |
| 90 Days | 18.43% | 6.05% |
| 12 Months |
19 Overlapping Holdings
| Symbol | Grade | Weight in ALAI | Weight in QQQI | Overlap | |
|---|---|---|---|---|---|
| AAPL | C | 11.09% | 8.58% | 8.58% | |
| ADBE | C | 1.2% | 1.56% | 1.2% | |
| AMD | F | 1.01% | 1.41% | 1.01% | |
| AMZN | C | 8.81% | 5.13% | 5.13% | |
| ASML | F | 0.81% | 0.34% | 0.34% | |
| AVGO | D | 4.14% | 4.85% | 4.14% | |
| CDNS | B | 0.56% | 0.55% | 0.55% | |
| CEG | D | 1.69% | 0.49% | 0.49% | |
| GOOG | C | 2.33% | 2.51% | 2.33% | |
| ISRG | A | 1.4% | 1.28% | 1.28% | |
| MELI | D | 1.45% | 0.23% | 0.23% | |
| META | D | 6.72% | 5.03% | 5.03% | |
| MRVL | B | 0.48% | 0.56% | 0.48% | |
| MSFT | F | 11.86% | 7.71% | 7.71% | |
| MU | D | 0.88% | 0.7% | 0.7% | |
| NFLX | A | 1.34% | 2.3% | 1.34% | |
| NVDA | C | 10.98% | 8.91% | 8.91% | |
| TSLA | B | 0.63% | 3.68% | 0.63% | |
| TTD | B | 0.43% | 0.39% | 0.39% |
ALAI Overweight 22 Positions Relative to QQQI
ALAI Underweight 82 Positions Relative to QQQI
| Symbol | Grade | Weight | |
|---|---|---|---|
| COST | B | -2.71% | |
| GOOGL | C | -2.6% | |
| TMUS | B | -1.9% | |
| PEP | F | -1.54% | |
| CSCO | B | -1.51% | |
| LIN | D | -1.33% | |
| TXN | C | -1.27% | |
| INTU | C | -1.27% | |
| QCOM | F | -1.15% | |
| CMCSA | B | -1.07% | |
| AMGN | D | -1.04% | |
| AMAT | F | -1.04% | |
| HON | B | -0.98% | |
| PANW | C | -0.86% | |
| ADP | B | -0.83% | |
| VRTX | F | -0.79% | |
| GILD | C | -0.79% | |
| SBUX | A | -0.79% | |
| INTC | D | -0.73% | |
| ADI | D | -0.7% | |
| PYPL | B | -0.62% | |
| MDLZ | F | -0.61% | |
| LRCX | F | -0.6% | |
| BKNG | A | -0.6% | |
| KLAC | D | -0.56% | |
| MAR | B | -0.56% | |
| REGN | F | -0.54% | |
| PDD | F | -0.52% | |
| FTNT | C | -0.49% | |
| CRWD | B | -0.49% | |
| CSX | B | -0.48% | |
| SNPS | B | -0.48% | |
| CTAS | B | -0.46% | |
| DASH | A | -0.45% | |
| ADSK | A | -0.44% | |
| PCAR | B | -0.42% | |
| MNST | C | -0.4% | |
| ROP | B | -0.39% | |
| WDAY | B | -0.39% | |
| ORLY | B | -0.38% | |
| CPRT | A | -0.38% | |
| ABNB | C | -0.37% | |
| NXPI | D | -0.36% | |
| PAYX | C | -0.35% | |
| ROST | C | -0.34% | |
| CHTR | C | -0.34% | |
| AEP | D | -0.33% | |
| FAST | B | -0.33% | |
| KDP | D | -0.32% | |
| ODFL | B | -0.32% | |
| BKR | B | -0.3% | |
| EA | A | -0.3% | |
| CTSH | B | -0.28% | |
| KHC | F | -0.27% | |
| GEHC | F | -0.26% | |
| EXC | C | -0.26% | |
| DDOG | A | -0.26% | |
| TEAM | A | -0.26% | |
| VRSK | A | -0.25% | |
| AZN | D | -0.25% | |
| XEL | A | -0.25% | |
| MCHP | D | -0.24% | |
| LULU | C | -0.23% | |
| CCEP | C | -0.23% | |
| CSGP | D | -0.21% | |
| IDXX | F | -0.21% | |
| ON | D | -0.2% | |
| DXCM | D | -0.19% | |
| TTWO | A | -0.19% | |
| FANG | D | -0.19% | |
| ZS | C | -0.18% | |
| GFS | C | -0.17% | |
| WBD | C | -0.17% | |
| ANSS | B | -0.17% | |
| CDW | F | -0.16% | |
| ILMN | D | -0.15% | |
| BIIB | F | -0.14% | |
| MRNA | F | -0.1% | |
| MDB | C | -0.09% | |
| DLTR | F | -0.09% | |
| ARM | D | -0.06% | |
| SMCI | F | -0.01% |
ALAI: Top Represented Industries & Keywords
QQQI: Top Represented Industries & Keywords
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