ALAI vs. FDWM ETF Comparison
Comparison of Alger AI Enablers & Adopters ETF (ALAI) to Fidelity Women's Leadership ETF (FDWM)
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
FDWM
Fidelity Women's Leadership ETF
FDWM Description
The investment seeks long-term growth of capital. The Advisor normally invests at least 80% of assets in equity securities of companies that prioritize and advance women's leadership and development. The Adviser may invest the fund's assets in securities of foreign issuers in addition to securities of domestic issuers. The fund may invest a significant percentage of its assets in relatively few companies and may invest up to 25% in a single company. The fund is non-diversified.Grade (RS Rating)
Last Trade
$23.72
Average Daily Volume
241
101
Performance
| Period | ALAI | FDWM |
|---|---|---|
| 30 Days | 9.25% | 2.79% |
| 60 Days | 13.38% | 2.73% |
| 90 Days | 18.43% | 4.82% |
| 12 Months | 24.93% |
15 Overlapping Holdings
| Symbol | Grade | Weight in ALAI | Weight in FDWM | Overlap | |
|---|---|---|---|---|---|
| AAPL | C | 11.09% | 4.35% | 4.35% | |
| ADBE | C | 1.2% | 1.32% | 1.2% | |
| AMD | F | 1.01% | 1.19% | 1.01% | |
| AMZN | C | 8.81% | 2.56% | 2.56% | |
| DELL | C | 0.58% | 0.53% | 0.53% | |
| GOOG | C | 2.33% | 2.61% | 2.33% | |
| HUBS | A | 0.2% | 1.21% | 0.2% | |
| JPM | A | 0.22% | 1.5% | 0.22% | |
| MRVL | B | 0.48% | 1.08% | 0.48% | |
| MSFT | F | 11.86% | 3.66% | 3.66% | |
| MU | D | 0.88% | 0.87% | 0.87% | |
| NEE | D | 0.27% | 1.0% | 0.27% | |
| NFLX | A | 1.34% | 0.66% | 0.66% | |
| NVDA | C | 10.98% | 3.24% | 3.24% | |
| PINS | D | 0.79% | 0.55% | 0.55% |
ALAI Overweight 26 Positions Relative to FDWM
| Symbol | Grade | Weight | |
|---|---|---|---|
| META | D | 6.72% | |
| APP | B | 4.79% | |
| AVGO | D | 4.14% | |
| SPGI | C | 2.88% | |
| TSM | B | 2.57% | |
| 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% | |
| NRG | B | 1.02% | |
| SPOT | B | 1.0% | |
| ASML | F | 0.81% | |
| SE | B | 0.8% | |
| NTRA | B | 0.74% | |
| NOW | A | 0.68% | |
| TSLA | B | 0.63% | |
| CDNS | B | 0.56% | |
| UBER | D | 0.47% | |
| DLR | B | 0.45% | |
| TTD | B | 0.43% | |
| WMT | A | 0.31% | |
| PWR | A | 0.28% | |
| SHOP | B | 0.24% |
ALAI Underweight 86 Positions Relative to FDWM
| Symbol | Grade | Weight | |
|---|---|---|---|
| ACN | C | -2.03% | |
| DIS | B | -1.93% | |
| HOLX | D | -1.76% | |
| PGR | A | -1.73% | |
| CI | F | -1.69% | |
| CRM | B | -1.62% | |
| ANET | C | -1.41% | |
| WSM | B | -1.4% | |
| CDW | F | -1.23% | |
| VTR | C | -1.16% | |
| NXPI | D | -1.16% | |
| CNC | D | -1.13% | |
| BAC | A | -1.11% | |
| PODD | C | -1.1% | |
| MA | C | -1.09% | |
| BKR | B | -1.04% | |
| HIG | B | -1.04% | |
| ALNY | D | -1.0% | |
| WEX | D | -0.99% | |
| C | A | -0.98% | |
| FSLR | F | -0.98% | |
| GEV | B | -0.96% | |
| NDAQ | A | -0.95% | |
| ETN | A | -0.94% | |
| LDOS | C | -0.94% | |
| ULTA | F | -0.94% | |
| GEN | B | -0.93% | |
| MMC | B | -0.93% | |
| ELV | F | -0.92% | |
| TMHC | B | -0.92% | |
| DE | A | -0.92% | |
| PH | A | -0.87% | |
| INTU | C | -0.85% | |
| CLX | B | -0.83% | |
| FIS | C | -0.82% | |
| EL | F | -0.8% | |
| ZTS | D | -0.78% | |
| CBT | C | -0.78% | |
| HLT | A | -0.78% | |
| UPS | C | -0.77% | |
| NSIT | F | -0.76% | |
| PSA | D | -0.75% | |
| FSS | B | -0.74% | |
| OTIS | C | -0.71% | |
| SAIC | F | -0.71% | |
| RRX | B | -0.7% | |
| BALL | D | -0.69% | |
| MRK | F | -0.68% | |
| GSK | F | -0.67% | |
| AR | B | -0.66% | |
| HBAN | A | -0.65% | |
| ETSY | D | -0.64% | |
| EMN | D | -0.62% | |
| ICLR | D | -0.61% | |
| EXAS | D | -0.61% | |
| BBY | D | -0.61% | |
| VRTX | F | -0.59% | |
| CE | F | -0.57% | |
| OLED | D | -0.57% | |
| SUM | B | -0.57% | |
| USB | A | -0.56% | |
| OXY | D | -0.55% | |
| SBUX | A | -0.55% | |
| LOW | D | -0.54% | |
| EQT | B | -0.52% | |
| NVT | B | -0.51% | |
| TPR | B | -0.51% | |
| ATI | D | -0.51% | |
| HSY | F | -0.5% | |
| BG | F | -0.47% | |
| MAN | D | -0.47% | |
| WRBY | B | -0.45% | |
| MTN | C | -0.44% | |
| VLTO | D | -0.42% | |
| NKE | D | -0.37% | |
| RUN | F | -0.36% | |
| AMN | F | -0.36% | |
| ARCB | C | -0.34% | |
| ZLAB | C | -0.31% | |
| PD | C | -0.29% | |
| ELF | C | -0.28% | |
| GAP | C | -0.24% | |
| RDUS | C | -0.24% | |
| SEDG | F | -0.21% | |
| MLKN | D | -0.2% | |
| SAGE | F | -0.08% |
ALAI: Top Represented Industries & Keywords
FDWM: Top Represented Industries & Keywords
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