ALAI vs. SPTE ETF Comparison
Comparison of Alger AI Enablers & Adopters ETF (ALAI) to SP Funds S&P Global Technology ETF (SPTE)
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
SPTE
SP Funds S&P Global Technology ETF
SPTE Description
The S&P Global 1200 Shariah Information Technology Capped Index is designed to measure the performance of global large-cap equity securities within the information technology sector that pass rules-based screens for adherence to Shariah investment guidelines, with a cap applied to ensure diversification among companies in the index. Under normal circumstances, at least 80% of the fund"s total assets will be invested in the component securities of the index. It is non-diversified.Grade (RS Rating)
Last Trade
$27.55
Average Daily Volume
8,007
66
Performance
| Period | ALAI | SPTE |
|---|---|---|
| 30 Days | 9.25% | 0.05% |
| 60 Days | 13.38% | 2.86% |
| 90 Days | 18.43% | 1.36% |
| 12 Months |
11 Overlapping Holdings
| Symbol | Grade | Weight in ALAI | Weight in SPTE | Overlap | |
|---|---|---|---|---|---|
| AAPL | C | 11.09% | 10.65% | 10.65% | |
| ADBE | C | 1.2% | 1.0% | 1.0% | |
| AMD | F | 1.01% | 0.96% | 0.96% | |
| AVGO | D | 4.14% | 3.22% | 3.22% | |
| CDNS | B | 0.56% | 0.35% | 0.35% | |
| MSFT | F | 11.86% | 10.95% | 10.95% | |
| MU | D | 0.88% | 0.47% | 0.47% | |
| NOW | A | 0.68% | 0.89% | 0.68% | |
| NVDA | C | 10.98% | 11.85% | 10.98% | |
| SHOP | B | 0.24% | 2.47% | 0.24% | |
| TSM | B | 2.57% | 15.43% | 2.57% |
ALAI Overweight 30 Positions Relative to SPTE
| Symbol | Grade | Weight | |
|---|---|---|---|
| AMZN | C | 8.81% | |
| META | D | 6.72% | |
| APP | B | 4.79% | |
| SPGI | C | 2.88% | |
| 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% | |
| NRG | B | 1.02% | |
| SPOT | B | 1.0% | |
| ASML | F | 0.81% | |
| SE | B | 0.8% | |
| PINS | D | 0.79% | |
| NTRA | B | 0.74% | |
| TSLA | B | 0.63% | |
| DELL | C | 0.58% | |
| 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% | |
| JPM | A | 0.22% | |
| HUBS | A | 0.2% |
ALAI Underweight 55 Positions Relative to SPTE
| Symbol | Grade | Weight | |
|---|---|---|---|
| SAP | B | -4.67% | |
| UMC | F | -1.41% | |
| CRM | B | -1.37% | |
| ORCL | B | -1.21% | |
| CSCO | B | -0.98% | |
| ACN | C | -0.96% | |
| TXN | C | -0.79% | |
| QCOM | F | -0.77% | |
| AMAT | F | -0.66% | |
| PANW | C | -0.55% | |
| ERIC | B | -0.48% | |
| ADI | D | -0.47% | |
| NOK | D | -0.46% | |
| LRCX | F | -0.43% | |
| ANET | C | -0.41% | |
| KLAC | D | -0.38% | |
| APH | A | -0.37% | |
| MSI | B | -0.36% | |
| CRWD | B | -0.35% | |
| SNPS | B | -0.35% | |
| ADSK | A | -0.28% | |
| ROP | B | -0.27% | |
| NXPI | D | -0.26% | |
| FTNT | C | -0.26% | |
| XRX | F | -0.26% | |
| FICO | B | -0.23% | |
| LOGI | D | -0.22% | |
| CTSH | B | -0.19% | |
| IT | C | -0.18% | |
| GLW | B | -0.16% | |
| MCHP | D | -0.16% | |
| ANSS | B | -0.15% | |
| HPQ | B | -0.14% | |
| ON | D | -0.12% | |
| NTAP | C | -0.12% | |
| TYL | B | -0.11% | |
| MPWR | F | -0.11% | |
| PTC | A | -0.11% | |
| KEYS | A | -0.11% | |
| GDDY | A | -0.11% | |
| CDW | F | -0.1% | |
| TDY | B | -0.09% | |
| FSLR | F | -0.09% | |
| JNPR | F | -0.07% | |
| VRSN | F | -0.07% | |
| FFIV | B | -0.07% | |
| EPAM | C | -0.07% | |
| SWKS | F | -0.06% | |
| TER | D | -0.06% | |
| ZBRA | B | -0.06% | |
| AKAM | D | -0.06% | |
| JBL | B | -0.06% | |
| TRMB | B | -0.06% | |
| QRVO | F | -0.04% | |
| ENPH | F | -0.03% |
ALAI: Top Represented Industries & Keywords
SPTE: Top Represented Industries & Keywords
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