ALAI vs. FVAL ETF Comparison
Comparison of Alger AI Enablers & Adopters ETF (ALAI) to Fidelity Value Factor ETF (FVAL)
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
FVAL
Fidelity Value Factor ETF
FVAL Description
The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Value Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Value Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that have attractive valuations.Grade (RS Rating)
Last Trade
$63.26
Average Daily Volume
81,569
124
Performance
| Period | ALAI | FVAL |
|---|---|---|
| 30 Days | 9.25% | 3.33% |
| 60 Days | 13.38% | 5.59% |
| 90 Days | 18.43% | 6.82% |
| 12 Months | 28.35% |
11 Overlapping Holdings
| Symbol | Grade | Weight in ALAI | Weight in FVAL | Overlap | |
|---|---|---|---|---|---|
| AAPL | C | 11.09% | 6.68% | 6.68% | |
| AMZN | C | 8.81% | 3.88% | 3.88% | |
| JPM | A | 0.22% | 1.84% | 0.22% | |
| META | D | 6.72% | 2.55% | 2.55% | |
| MSFT | F | 11.86% | 6.37% | 6.37% | |
| MU | D | 0.88% | 0.85% | 0.85% | |
| NEE | D | 0.27% | 0.46% | 0.27% | |
| NRG | B | 1.02% | 0.26% | 0.26% | |
| NVDA | C | 10.98% | 7.33% | 7.33% | |
| UNH | C | 1.42% | 1.69% | 1.42% | |
| WMT | A | 0.31% | 1.07% | 0.31% |
ALAI Overweight 30 Positions Relative to FVAL
| Symbol | Grade | Weight | |
|---|---|---|---|
| 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% | |
| ISRG | A | 1.4% | |
| EQIX | A | 1.34% | |
| NFLX | A | 1.34% | |
| ADBE | C | 1.2% | |
| AMD | F | 1.01% | |
| SPOT | B | 1.0% | |
| 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% | |
| DLR | B | 0.45% | |
| TTD | B | 0.43% | |
| PWR | A | 0.28% | |
| SHOP | B | 0.24% | |
| HUBS | A | 0.2% |
ALAI Underweight 113 Positions Relative to FVAL
| Symbol | Grade | Weight | |
|---|---|---|---|
| GOOGL | C | -3.72% | |
| BRK.A | B | -2.07% | |
| CRM | B | -1.46% | |
| V | A | -1.44% | |
| JNJ | D | -1.31% | |
| HD | A | -1.22% | |
| ACN | C | -1.15% | |
| XOM | B | -1.14% | |
| BAC | A | -1.13% | |
| ABBV | D | -1.11% | |
| IBM | C | -1.09% | |
| WFC | A | -1.08% | |
| PG | A | -1.08% | |
| MRK | F | -1.01% | |
| QCOM | F | -1.0% | |
| BMY | B | -0.98% | |
| ZM | B | -0.98% | |
| GILD | C | -0.97% | |
| BKNG | A | -0.87% | |
| UAL | A | -0.84% | |
| MCD | D | -0.84% | |
| AXP | A | -0.83% | |
| CI | F | -0.81% | |
| HPE | B | -0.81% | |
| INTC | D | -0.77% | |
| CAT | B | -0.77% | |
| CTSH | B | -0.76% | |
| C | A | -0.74% | |
| COF | B | -0.72% | |
| CVS | D | -0.71% | |
| TRV | B | -0.68% | |
| DFS | B | -0.68% | |
| HON | B | -0.68% | |
| SYF | B | -0.67% | |
| ELV | F | -0.67% | |
| GM | B | -0.67% | |
| CVX | A | -0.67% | |
| EXPE | B | -0.66% | |
| DAL | C | -0.64% | |
| ADP | B | -0.64% | |
| T | A | -0.62% | |
| CMCSA | B | -0.61% | |
| VZ | C | -0.61% | |
| RPRX | D | -0.61% | |
| UNP | C | -0.61% | |
| DE | A | -0.59% | |
| SWKS | F | -0.56% | |
| JXN | C | -0.56% | |
| LMT | D | -0.56% | |
| PRU | A | -0.56% | |
| LVS | C | -0.55% | |
| UPS | C | -0.55% | |
| MO | A | -0.55% | |
| CNC | D | -0.54% | |
| RNR | C | -0.54% | |
| LIN | D | -0.53% | |
| PCAR | B | -0.53% | |
| KVUE | A | -0.52% | |
| CMI | A | -0.52% | |
| F | C | -0.51% | |
| OZK | B | -0.51% | |
| EBAY | D | -0.51% | |
| EG | C | -0.5% | |
| WYNN | D | -0.5% | |
| MMM | D | -0.5% | |
| G | B | -0.49% | |
| TGT | F | -0.48% | |
| FDX | B | -0.48% | |
| RHI | B | -0.44% | |
| KR | B | -0.43% | |
| OC | A | -0.42% | |
| KMB | D | -0.41% | |
| COP | C | -0.4% | |
| M | D | -0.39% | |
| AGCO | D | -0.38% | |
| ADM | D | -0.35% | |
| ACI | C | -0.34% | |
| DUK | C | -0.34% | |
| PLD | D | -0.32% | |
| BG | F | -0.32% | |
| EOG | A | -0.31% | |
| PCG | A | -0.29% | |
| PARA | C | -0.28% | |
| SPG | B | -0.27% | |
| EXC | C | -0.26% | |
| ATKR | C | -0.26% | |
| AEP | D | -0.26% | |
| PSA | D | -0.25% | |
| FCX | D | -0.24% | |
| MPC | D | -0.24% | |
| O | D | -0.23% | |
| CBRE | B | -0.23% | |
| VLO | C | -0.22% | |
| NFG | A | -0.2% | |
| VICI | C | -0.2% | |
| NUE | C | -0.19% | |
| NEM | D | -0.19% | |
| BXP | D | -0.18% | |
| DVN | F | -0.18% | |
| CF | B | -0.18% | |
| STLD | B | -0.18% | |
| UGI | A | -0.18% | |
| HST | C | -0.17% | |
| JLL | D | -0.17% | |
| WPC | D | -0.16% | |
| ARE | D | -0.16% | |
| GLPI | C | -0.16% | |
| DOW | F | -0.16% | |
| LYB | F | -0.15% | |
| CIVI | D | -0.13% | |
| MOS | F | -0.13% | |
| MUR | D | -0.13% | |
| CLF | F | -0.11% |
ALAI: Top Represented Industries & Keywords
FVAL: Top Represented Industries & Keywords
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