ALAI vs. BAI ETF Comparison
Comparison of Alger AI Enablers & Adopters ETF (ALAI) to iShares A.I. Innovation and Tech Active ETF (BAI)
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
BAI
iShares A.I. Innovation and Tech Active ETF
BAI Description
Under normal market conditions, the fund invests at least 80% of its net assets plus any borrowings for investment purposes in equity securities issued by U.S. and non-U.S. artificial intelligence ("A.I.") companies, technology companies and technology-related companies. The fund is non-diversified.Grade (RS Rating)
Last Trade
$26.65
Average Daily Volume
50,551
30
Performance
| Period | ALAI | BAI |
|---|---|---|
| 30 Days | 9.25% | 8.42% |
| 60 Days | 13.38% | |
| 90 Days | 18.43% | |
| 12 Months |
13 Overlapping Holdings
| Symbol | Grade | Weight in ALAI | Weight in BAI | Overlap | |
|---|---|---|---|---|---|
| AMZN | C | 8.81% | 3.7% | 3.7% | |
| ASML | F | 0.81% | 1.35% | 0.81% | |
| AVGO | D | 4.14% | 4.74% | 4.14% | |
| CDNS | B | 0.56% | 3.31% | 0.56% | |
| CEG | D | 1.69% | 1.65% | 1.65% | |
| META | D | 6.72% | 6.88% | 6.72% | |
| MSFT | F | 11.86% | 6.81% | 6.81% | |
| MU | D | 0.88% | 1.79% | 0.88% | |
| NOW | A | 0.68% | 3.26% | 0.68% | |
| NVDA | C | 10.98% | 9.43% | 9.43% | |
| TSLA | B | 0.63% | 2.87% | 0.63% | |
| TSM | B | 2.57% | 3.66% | 2.57% | |
| VRT | B | 2.18% | 2.11% | 2.11% |
ALAI Overweight 28 Positions Relative to BAI
| Symbol | Grade | Weight | |
|---|---|---|---|
| AAPL | C | 11.09% | |
| APP | B | 4.79% | |
| SPGI | C | 2.88% | |
| GOOG | C | 2.33% | |
| DKNG | B | 1.77% | |
| MELI | D | 1.45% | |
| UNH | C | 1.42% | |
| ISRG | A | 1.4% | |
| EQIX | A | 1.34% | |
| NFLX | A | 1.34% | |
| ADBE | C | 1.2% | |
| NRG | B | 1.02% | |
| AMD | F | 1.01% | |
| SPOT | B | 1.0% | |
| SE | B | 0.8% | |
| PINS | D | 0.79% | |
| NTRA | B | 0.74% | |
| 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% | |
| SHOP | B | 0.24% | |
| JPM | A | 0.22% | |
| HUBS | A | 0.2% |
ALAI: Top Represented Industries & Keywords
BAI: Top Represented Industries & Keywords
Compare ETFs
