ALAI vs. SXQG ETF Comparison
Comparison of Alger AI Enablers & Adopters ETF (ALAI) to 6 Meridian Quality Growth ETF (SXQG)
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
SXQG
6 Meridian Quality Growth ETF
SXQG Description
The investment seeks capital appreciation. The fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective primarily by investing in equity securities. It invests mainly in common stocks and may invest in the securities of companies of any capitalization. Currently, the Sub-Adviser expects to invest a significant portion of the fund's assets in the securities of companies in the health care and information technology sectors, although this may change from time to time. It is non-diversified.Grade (RS Rating)
Last Trade
$32.53
Average Daily Volume
2,491
78
Performance
| Period | ALAI | SXQG |
|---|---|---|
| 30 Days | 9.25% | 5.44% |
| 60 Days | 13.38% | 6.32% |
| 90 Days | 18.43% | 7.45% |
| 12 Months | 28.67% |
ALAI Overweight 34 Positions Relative to SXQG
| Symbol | Grade | Weight | |
|---|---|---|---|
| AMZN | C | 8.81% | |
| APP | B | 4.79% | |
| AVGO | D | 4.14% | |
| SPGI | C | 2.88% | |
| TSM | B | 2.57% | |
| GOOG | C | 2.33% | |
| VRT | B | 2.18% | |
| DKNG | B | 1.77% | |
| CEG | D | 1.69% | |
| MELI | D | 1.45% | |
| UNH | C | 1.42% | |
| EQIX | A | 1.34% | |
| NFLX | A | 1.34% | |
| NRG | B | 1.02% | |
| AMD | F | 1.01% | |
| SPOT | B | 1.0% | |
| MU | D | 0.88% | |
| ASML | F | 0.81% | |
| SE | B | 0.8% | |
| NTRA | B | 0.74% | |
| NOW | A | 0.68% | |
| TSLA | B | 0.63% | |
| DELL | C | 0.58% | |
| CDNS | B | 0.56% | |
| 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% | |
| SHOP | B | 0.24% | |
| JPM | A | 0.22% | |
| HUBS | A | 0.2% |
ALAI Underweight 71 Positions Relative to SXQG
| Symbol | Grade | Weight | |
|---|---|---|---|
| GOOGL | C | -5.17% | |
| V | A | -4.35% | |
| MA | C | -4.29% | |
| PG | A | -3.82% | |
| PGR | A | -3.71% | |
| TJX | A | -3.68% | |
| ANET | C | -3.36% | |
| ITW | B | -2.79% | |
| CTAS | B | -2.62% | |
| APO | B | -2.5% | |
| REGN | F | -2.4% | |
| ADSK | A | -2.35% | |
| FTNT | C | -2.2% | |
| GWW | B | -1.87% | |
| CPRT | A | -1.85% | |
| LNG | B | -1.75% | |
| PAYX | C | -1.66% | |
| FAST | B | -1.66% | |
| ODFL | B | -1.51% | |
| DDOG | A | -1.49% | |
| SYY | B | -1.37% | |
| IDXX | F | -1.21% | |
| VEEV | C | -1.12% | |
| TPL | A | -0.99% | |
| DECK | A | -0.96% | |
| DOCU | A | -0.64% | |
| EXPD | D | -0.63% | |
| MANH | D | -0.6% | |
| DT | C | -0.55% | |
| ROL | B | -0.54% | |
| INCY | C | -0.45% | |
| NBIX | C | -0.44% | |
| MLI | C | -0.36% | |
| EXEL | B | -0.34% | |
| AAON | B | -0.33% | |
| MEDP | D | -0.31% | |
| CHE | D | -0.31% | |
| HRB | D | -0.31% | |
| CWAN | B | -0.3% | |
| APPF | B | -0.29% | |
| CVLT | B | -0.27% | |
| SPSC | C | -0.24% | |
| BMI | B | -0.23% | |
| KNTK | B | -0.22% | |
| HALO | F | -0.22% | |
| CROX | D | -0.22% | |
| MGY | A | -0.21% | |
| CSWI | A | -0.21% | |
| QLYS | C | -0.2% | |
| LNTH | D | -0.2% | |
| ALKS | B | -0.17% | |
| INSP | D | -0.17% | |
| LOPE | B | -0.17% | |
| FELE | B | -0.16% | |
| LRN | A | -0.16% | |
| WDFC | B | -0.14% | |
| CALM | A | -0.14% | |
| LANC | C | -0.13% | |
| AGYS | A | -0.12% | |
| CRVL | A | -0.12% | |
| YETI | C | -0.12% | |
| SHOO | D | -0.11% | |
| EPAC | B | -0.1% | |
| LBRT | D | -0.1% | |
| YELP | C | -0.09% | |
| CPRX | C | -0.09% | |
| PTGX | C | -0.08% | |
| CNMD | C | -0.08% | |
| GPOR | B | -0.07% | |
| NSSC | D | -0.05% | |
| PGNY | F | -0.04% |
ALAI: Top Represented Industries & Keywords
SXQG: Top Represented Industries & Keywords
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