SKF vs. ALAI ETF Comparison

Comparison of ProShares UltraShort Financials (SKF) to Alger AI Enablers & Adopters ETF (ALAI)

SKF

ProShares UltraShort Financials

SKF Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. FinancialsSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the financial services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.40

Average Daily Volume

12,877

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SKF	ALAI
30 Days	-14.46%	9.25%
60 Days	-19.83%	13.38%
90 Days	-23.27%	18.43%
12 Months	-49.37%

4 Overlapping Holdings

Symbol	Grade	Weight in SKF	Weight in ALAI	Overlap
DLR	B	0.44%	0.45%	0.44%
EQIX	A	0.84%	1.34%	0.84%
JPM	A	7.27%	0.22%	0.22%
SPGI	C	1.22%	2.88%	1.22%

SKF Overweight 93 Positions Relative to ALAI

Symbol	Grade	Weight
BRK.A	B	7.56%
V	A	5.88%
MA	C	4.83%
BAC	A	4.46%
WFC	A	3.19%
C	A	2.98%
AMT	D	1.74%
AXP	A	1.49%
GS	A	1.34%
USB	A	1.32%
TFC	A	1.27%
CME	A	1.25%
MS	A	1.19%
CB	C	1.17%
PNC	B	1.13%
BLK	C	1.06%
CCI	D	1.02%
PLD	D	1.0%
MMC	B	0.97%
SCHW	B	0.93%
ICE	C	0.91%
AON	A	0.83%
COF	B	0.81%
AIG	B	0.77%
SPG	B	0.76%
PGR	A	0.75%
MCO	B	0.7%
MET	A	0.69%
BX	A	0.67%
PRU	A	0.66%
AFL	B	0.66%
BK	A	0.65%
ALL	A	0.64%
TRV	B	0.61%
WELL	A	0.59%
PSA	D	0.56%
TROW	B	0.52%
AVB	B	0.51%
STT	A	0.5%
SBAC	D	0.48%
EQR	B	0.48%
WTW	B	0.44%
DFS	B	0.44%
O	D	0.42%
MSCI	C	0.4%
CSGP	D	0.4%
WY	D	0.39%
NTRS	A	0.39%
AMP	A	0.37%
VTR	C	0.37%
HIG	B	0.37%
SYF	B	0.36%
MTB	A	0.36%
FITB	A	0.35%
BXP	D	0.34%
CBRE	B	0.34%
ESS	B	0.34%
ARE	D	0.32%
KEY	B	0.32%
ACGL	D	0.31%
CFG	B	0.3%
DOC	D	0.3%
AJG	B	0.3%
INVH	D	0.28%
MKL	A	0.28%
RF	A	0.27%
CINF	A	0.27%
HBAN	A	0.26%
MAA	B	0.26%
PFG	D	0.25%
MKTX	D	0.24%
WPC	D	0.24%
SUI	D	0.24%
EXR	D	0.24%
L	A	0.23%
NLY	C	0.23%
UDR	B	0.23%
HST	C	0.22%
ELS	C	0.22%
FNF	B	0.22%
NDAQ	A	0.21%
RJF	A	0.2%
LNC	B	0.2%
EG	C	0.19%
MPW	F	0.19%
ALLY	C	0.19%
EQH	B	0.19%
GL	B	0.18%
FDS	B	0.18%
REG	B	0.18%
VNO	B	0.18%
CPT	B	0.18%
WRB	A	0.17%

SKF Underweight 37 Positions Relative to ALAI

Symbol	Grade	Weight
MSFT	F	-11.86%
AAPL	C	-11.09%
NVDA	C	-10.98%
AMZN	C	-8.81%
META	D	-6.72%
APP	B	-4.79%
AVGO	D	-4.14%
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%
ISRG	A	-1.4%
NFLX	A	-1.34%
ADBE	C	-1.2%
NRG	B	-1.02%
AMD	F	-1.01%
SPOT	B	-1.0%
MU	D	-0.88%
ASML	F	-0.81%
SE	B	-0.8%
PINS	D	-0.79%
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%
TTD	B	-0.43%
WMT	A	-0.31%
PWR	A	-0.28%
NEE	D	-0.27%
SHOP	B	-0.24%
HUBS	A	-0.2%