ALAI vs. HIBL ETF Comparison
Comparison of Alger AI Enablers & Adopters ETF (ALAI) to Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL)
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
HIBL
Direxion Daily S&P 500 High Beta Bull 3X Shares
HIBL Description
The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the S&P 500® High Beta Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index provider selects 100 securities to include in the index from the S&P 500® Index that have the highest sensitivity to market movements, or beta over the past 12 months as determined by the index provider. It is non-diversified.Grade (RS Rating)
Last Trade
$48.97
Average Daily Volume
66,246
100
Performance
| Period | ALAI | HIBL |
|---|---|---|
| 30 Days | 9.25% | 12.67% |
| 60 Days | 13.38% | 12.13% |
| 90 Days | 18.43% | 15.13% |
| 12 Months | 70.37% |
16 Overlapping Holdings
| Symbol | Grade | Weight in ALAI | Weight in HIBL | Overlap | |
|---|---|---|---|---|---|
| ADBE | C | 1.2% | 0.6% | 0.6% | |
| AMD | F | 1.01% | 1.14% | 1.01% | |
| AMZN | C | 8.81% | 0.73% | 0.73% | |
| AVGO | D | 4.14% | 1.16% | 1.16% | |
| CDNS | B | 0.56% | 0.96% | 0.56% | |
| CEG | D | 1.69% | 0.78% | 0.78% | |
| DELL | C | 0.58% | 1.0% | 0.58% | |
| META | D | 6.72% | 0.78% | 0.78% | |
| MSFT | F | 11.86% | 0.58% | 0.58% | |
| MU | D | 0.88% | 0.98% | 0.88% | |
| NFLX | A | 1.34% | 0.66% | 0.66% | |
| NOW | A | 0.68% | 0.71% | 0.68% | |
| NVDA | C | 10.98% | 1.4% | 1.4% | |
| PWR | A | 0.28% | 0.91% | 0.28% | |
| TSLA | B | 0.63% | 1.3% | 0.63% | |
| UBER | D | 0.47% | 0.74% | 0.47% |
ALAI Overweight 25 Positions Relative to HIBL
| Symbol | Grade | Weight | |
|---|---|---|---|
| AAPL | C | 11.09% | |
| APP | B | 4.79% | |
| SPGI | C | 2.88% | |
| TSM | B | 2.57% | |
| GOOG | C | 2.33% | |
| VRT | B | 2.18% | |
| DKNG | B | 1.77% | |
| 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% | |
| PINS | D | 0.79% | |
| NTRA | B | 0.74% | |
| MRVL | B | 0.48% | |
| DLR | B | 0.45% | |
| TTD | B | 0.43% | |
| WMT | A | 0.31% | |
| NEE | D | 0.27% | |
| SHOP | B | 0.24% | |
| JPM | A | 0.22% | |
| HUBS | A | 0.2% |
ALAI Underweight 84 Positions Relative to HIBL
| Symbol | Grade | Weight | |
|---|---|---|---|
| SMCI | F | -2.03% | |
| PLTR | B | -1.4% | |
| ALB | C | -1.25% | |
| TER | D | -1.18% | |
| KLAC | D | -1.14% | |
| VST | B | -1.11% | |
| LRCX | F | -1.1% | |
| ON | D | -1.08% | |
| AMAT | F | -1.08% | |
| MPWR | F | -1.03% | |
| INTC | D | -1.02% | |
| SNPS | B | -0.97% | |
| CRWD | B | -0.96% | |
| ANET | C | -0.95% | |
| NXPI | D | -0.94% | |
| MCHP | D | -0.93% | |
| CZR | F | -0.93% | |
| QCOM | F | -0.93% | |
| BLDR | D | -0.89% | |
| SWKS | F | -0.85% | |
| ADI | D | -0.83% | |
| QRVO | F | -0.83% | |
| CCL | B | -0.83% | |
| DECK | A | -0.83% | |
| WDC | D | -0.8% | |
| ALGN | D | -0.8% | |
| ENPH | F | -0.79% | |
| NCLH | B | -0.78% | |
| URI | B | -0.78% | |
| ETN | A | -0.77% | |
| KKR | A | -0.77% | |
| KEYS | A | -0.77% | |
| BX | A | -0.75% | |
| MGM | D | -0.75% | |
| FSLR | F | -0.74% | |
| RCL | A | -0.73% | |
| UAL | A | -0.73% | |
| CRM | B | -0.73% | |
| KMX | B | -0.72% | |
| APH | A | -0.72% | |
| JBL | B | -0.71% | |
| ABNB | C | -0.71% | |
| GNRC | B | -0.71% | |
| BXP | D | -0.69% | |
| ADSK | A | -0.69% | |
| ORCL | B | -0.69% | |
| PODD | C | -0.68% | |
| ZBRA | B | -0.68% | |
| HPE | B | -0.65% | |
| TXN | C | -0.65% | |
| CARR | D | -0.64% | |
| NTAP | C | -0.64% | |
| ROK | B | -0.64% | |
| APTV | D | -0.64% | |
| FCX | D | -0.64% | |
| PANW | C | -0.64% | |
| IVZ | B | -0.64% | |
| DAL | C | -0.64% | |
| PH | A | -0.64% | |
| HUBB | B | -0.64% | |
| EL | F | -0.63% | |
| INTU | C | -0.63% | |
| CRL | C | -0.63% | |
| ANSS | B | -0.62% | |
| PYPL | B | -0.62% | |
| STX | D | -0.62% | |
| PHM | D | -0.61% | |
| F | C | -0.61% | |
| IR | B | -0.61% | |
| LULU | C | -0.6% | |
| KEY | B | -0.6% | |
| IT | C | -0.59% | |
| MHK | D | -0.59% | |
| IDXX | F | -0.59% | |
| AES | F | -0.58% | |
| LW | C | -0.58% | |
| DAY | B | -0.58% | |
| TROW | B | -0.58% | |
| EFX | F | -0.56% | |
| IQV | D | -0.56% | |
| CAT | B | -0.55% | |
| TECH | D | -0.55% | |
| MRNA | F | -0.53% | |
| CE | F | -0.47% |
ALAI: Top Represented Industries & Keywords
HIBL: Top Represented Industries & Keywords
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