ALAI vs. IWR ETF Comparison

Comparison of Alger AI Enablers & Adopters ETF (ALAI) to iShares Russell Mid-Cap ETF (IWR)
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 *

41

* may have additional holdings in another (foreign) market
IWR

iShares Russell Mid-Cap ETF

IWR Description The investment seeks to track the investment results of an index composed of mid-capitalization U.S. equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of the mid-capitalization sector of the U.S. equity market. The underlying index is a float-adjusted, capitalization-weighted index of the 800 smallest issuers in the Russell 1000® Index.

Grade (RS Rating)

Last Trade

$94.53

Average Daily Volume

1,461,787

Number of Holdings *

803

* may have additional holdings in another (foreign) market
Performance
Period ALAI IWR
30 Days 9.25% 6.87%
60 Days 13.38% 7.84%
90 Days 18.43% 9.96%
12 Months 34.02%
10 Overlapping Holdings
Symbol Grade Weight in ALAI Weight in IWR Overlap
APP B 4.79% 0.63% 0.63%
DKNG B 1.77% 0.15% 0.15%
DLR B 0.45% 0.48% 0.45%
HUBS A 0.2% 0.27% 0.2%
NRG B 1.02% 0.16% 0.16%
NTRA B 0.74% 0.14% 0.14%
PINS D 0.79% 0.14% 0.14%
PWR A 0.28% 0.39% 0.28%
TTD B 0.43% 0.43% 0.43%
VRT B 2.18% 0.36% 0.36%
ALAI Overweight 31 Positions Relative to IWR
Symbol Grade Weight
MSFT F 11.86%
AAPL C 11.09%
NVDA C 10.98%
AMZN C 8.81%
META D 6.72%
AVGO D 4.14%
SPGI C 2.88%
TSM B 2.57%
GOOG C 2.33%
CEG D 1.69%
MELI D 1.45%
UNH C 1.42%
ISRG A 1.4%
EQIX A 1.34%
NFLX A 1.34%
ADBE C 1.2%
AMD F 1.01%
SPOT B 1.0%
MU D 0.88%
ASML F 0.81%
SE B 0.8%
NOW A 0.68%
TSLA B 0.63%
DELL C 0.58%
CDNS B 0.56%
MRVL B 0.48%
UBER D 0.47%
WMT A 0.31%
NEE D 0.27%
SHOP B 0.24%
JPM A 0.22%
ALAI Underweight 793 Positions Relative to IWR
Symbol Grade Weight
PLTR B -1.09%
WMB A -0.57%
OKE A -0.53%
AJG B -0.52%
AFL B -0.51%
COIN C -0.5%
HLT A -0.5%
BK A -0.48%
SPG B -0.48%
URI B -0.46%
AMP A -0.46%
RCL A -0.45%
KMI A -0.44%
MSTR C -0.44%
FICO B -0.44%
ALL A -0.43%
GWW B -0.42%
O D -0.41%
CMI A -0.41%
FIS C -0.41%
LNG B -0.4%
VST B -0.4%
FAST B -0.39%
SQ B -0.39%
DHI D -0.39%
MSCI C -0.38%
KVUE A -0.38%
PRU A -0.38%
PAYX C -0.38%
ROST C -0.38%
LHX C -0.38%
PEG A -0.37%
AME A -0.37%
PCG A -0.37%
CCI D -0.37%
HWM A -0.37%
EA A -0.36%
DFS B -0.36%
ODFL B -0.35%
BKR B -0.35%
AXON A -0.35%
TRGP B -0.35%
DAL C -0.34%
IR B -0.34%
CBRE B -0.33%
COR B -0.33%
VRSK A -0.33%
OTIS C -0.33%
LEN D -0.33%
FERG B -0.33%
HES B -0.33%
CTSH B -0.32%
KR B -0.32%
CTVA C -0.32%
XEL A -0.32%
EXC C -0.32%
IT C -0.32%
GEHC F -0.31%
A D -0.31%
SYY B -0.31%
YUM B -0.31%
DDOG A -0.31%
HPQ B -0.3%
CHTR C -0.3%
ACGL D -0.3%
VMC B -0.3%
IDXX F -0.29%
IQV D -0.29%
NUE C -0.29%
GIS D -0.29%
GLW B -0.29%
MTB A -0.29%
MLM B -0.29%
ED D -0.28%
IRM D -0.28%
WAB B -0.28%
RMD C -0.28%
DD D -0.28%
EXR D -0.28%
HIG B -0.28%
GRMN B -0.27%
NDAQ A -0.27%
AVB B -0.27%
ROK B -0.27%
VICI C -0.27%
HUM C -0.27%
FANG D -0.27%
MCHP D -0.27%
DOW F -0.26%
WEC A -0.26%
EBAY D -0.26%
VEEV C -0.26%
ETR B -0.26%
EIX B -0.26%
WTW B -0.26%
FITB A -0.26%
UAL A -0.25%
CNC D -0.25%
DXCM D -0.25%
RJF A -0.25%
EFX F -0.25%
ARES A -0.25%
TTWO A -0.25%
PPG F -0.24%
STT A -0.24%
CSGP D -0.24%
CAH B -0.24%
ANSS B -0.24%
XYL D -0.24%
GPN B -0.24%
TSCO D -0.24%
ALNY D -0.24%
HPE B -0.23%
DOV A -0.23%
EQR B -0.23%
ON D -0.23%
CPNG D -0.23%
HAL C -0.22%
AWK D -0.22%
BRO B -0.22%
FCNCA A -0.22%
FTV C -0.22%
PHM D -0.22%
CHD B -0.22%
SW A -0.22%
DECK A -0.22%
BR A -0.22%
NET B -0.22%
MPWR F -0.22%
PPL B -0.21%
MTD D -0.21%
HSY F -0.21%
EQT B -0.21%
TYL B -0.21%
VLTO D -0.21%
ADM D -0.21%
TPL A -0.21%
HBAN A -0.21%
SYF B -0.21%
VTR C -0.21%
GDDY A -0.21%
RBLX C -0.21%
NVR D -0.21%
TROW B -0.21%
KEYS A -0.21%
CVNA B -0.21%
SBAC D -0.2%
CDW F -0.2%
FE C -0.2%
NTAP C -0.2%
DVN F -0.2%
RF A -0.2%
CCL B -0.2%
AEE A -0.2%
DTE C -0.2%
CPAY A -0.2%
PTC A -0.19%
WY D -0.19%
WST C -0.19%
EXPE B -0.19%
ZBH C -0.19%
EME C -0.19%
BIIB F -0.19%
CINF A -0.19%
LPLA A -0.19%
HUBB B -0.19%
ZM B -0.18%
NTRS A -0.18%
HOOD B -0.18%
LYB F -0.18%
ILMN D -0.18%
EXE B -0.18%
STE F -0.18%
LDOS C -0.18%
ES D -0.18%
TDY B -0.18%
ATO A -0.18%
MKL A -0.18%
IFF D -0.18%
WBD C -0.18%
FSLR F -0.17%
CMS C -0.17%
LYV A -0.17%
WDC D -0.17%
CSL C -0.17%
INVH D -0.17%
STLD B -0.17%
CLX B -0.17%
PKG A -0.17%
CBOE B -0.17%
WAT B -0.17%
K A -0.17%
CFG B -0.17%
BLDR D -0.17%
CTRA B -0.16%
IBKR A -0.16%
BAH F -0.16%
ESS B -0.16%
COO D -0.16%
LUV C -0.16%
LII A -0.16%
CNP B -0.16%
ZBRA B -0.16%
MDB C -0.16%
LH C -0.16%
DRI B -0.16%
PFG D -0.16%
BBY D -0.16%
IP B -0.16%
RS B -0.15%
KEY B -0.15%
DGX A -0.15%
WRB A -0.15%
HOLX D -0.15%
WSO A -0.15%
TOST B -0.15%
TSN B -0.15%
PODD C -0.15%
ARE D -0.15%
MAA B -0.15%
FDS B -0.15%
SNA A -0.15%
ZS C -0.15%
TRU D -0.15%
MKC D -0.15%
BALL D -0.15%
OMC C -0.15%
NI A -0.14%
KIM A -0.14%
TWLO A -0.14%
WSM B -0.14%
DG F -0.14%
XPO B -0.14%
MANH D -0.14%
OC A -0.14%
ALGN D -0.14%
FWONK B -0.14%
NTNX A -0.14%
LVS C -0.14%
EXPD D -0.14%
HEI B -0.14%
GPC D -0.14%
BURL A -0.14%
MOH F -0.14%
TRMB B -0.14%
RPM A -0.14%
IEX B -0.14%
MAS D -0.14%
J F -0.14%
PNR A -0.14%
ULTA F -0.14%
VTRS A -0.13%
FNF B -0.13%
RGA A -0.13%
VRSN F -0.13%
DT C -0.13%
SUI D -0.13%
TOL B -0.13%
LNT A -0.13%
FIX A -0.13%
GWRE A -0.13%
SSNC B -0.13%
AVY D -0.13%
UTHR C -0.13%
CF B -0.13%
TXT D -0.13%
EG C -0.13%
MRO B -0.13%
TER D -0.13%
DOCU A -0.13%
GEN B -0.13%
BAX D -0.13%
ROL B -0.12%
SOFI A -0.12%
AVTR F -0.12%
EQH B -0.12%
JBL B -0.12%
EVRG A -0.12%
EWBC A -0.12%
APTV D -0.12%
NDSN B -0.12%
ACM A -0.12%
UDR B -0.12%
DOC D -0.12%
AMCR D -0.12%
ENTG D -0.12%
USFD A -0.12%
THC D -0.12%
PSTG D -0.12%
CASY A -0.12%
DPZ C -0.12%
JBHT C -0.12%
TW A -0.12%
L A -0.12%
GGG B -0.12%
PFGC B -0.11%
CHRW C -0.11%
GLPI C -0.11%
JEF A -0.11%
DLTR F -0.11%
AFRM B -0.11%
EPAM C -0.11%
ELS C -0.11%
SWK D -0.11%
TPR B -0.11%
AKAM D -0.11%
TXRH C -0.11%
RNR C -0.11%
SWKS F -0.11%
POOL C -0.11%
RVTY F -0.11%
REG B -0.11%
CW B -0.11%
SAIA B -0.11%
FFIV B -0.11%
BJ A -0.1%
BWXT B -0.1%
OVV B -0.1%
Z A -0.1%
UHS D -0.1%
UNM A -0.1%
NBIX C -0.1%
OKTA C -0.1%
EMN D -0.1%
JNPR F -0.1%
HEI B -0.1%
NVT B -0.1%
BMRN D -0.1%
SCI B -0.1%
FTI A -0.1%
HST C -0.1%
INCY C -0.1%
WPC D -0.1%
ALB C -0.1%
ALLE D -0.1%
KMX B -0.1%
BXP D -0.1%
CPT B -0.1%
JLL D -0.1%
ITT A -0.1%
JKHY D -0.1%
COHR B -0.1%
CLH B -0.1%
CAG D -0.1%
BG F -0.1%
AMH D -0.1%
WBS A -0.09%
PRI A -0.09%
CACI D -0.09%
PNW B -0.09%
FOXA B -0.09%
TECH D -0.09%
CCK C -0.09%
GNRC B -0.09%
CTLT B -0.09%
CAVA B -0.09%
EVR B -0.09%
FND C -0.09%
CUBE D -0.09%
LW C -0.09%
NWSA B -0.09%
LAMR D -0.09%
TAP C -0.09%
BLD D -0.09%
SJM D -0.09%
ATR B -0.09%
CG A -0.09%
TTEK F -0.09%
AA B -0.09%
DKS C -0.09%
FHN A -0.09%
PAYC B -0.09%
DAY B -0.09%
RRX B -0.09%
DUOL A -0.09%
NCLH B -0.09%
LECO B -0.09%
OWL A -0.09%
AIZ A -0.09%
SF B -0.09%
TFX F -0.08%
FBIN D -0.08%
AAON B -0.08%
TPX B -0.08%
GMED A -0.08%
DCI B -0.08%
SMCI F -0.08%
WMS D -0.08%
RGLD C -0.08%
WYNN D -0.08%
INGR B -0.08%
WING D -0.08%
ORI A -0.08%
SOLV C -0.08%
FRT B -0.08%
BRBR A -0.08%
TKO B -0.08%
SRPT D -0.08%
PNFP B -0.08%
AAL B -0.08%
CRL C -0.08%
CNH C -0.08%
DOX D -0.08%
CIEN B -0.08%
MKTX D -0.08%
PR B -0.08%
GL B -0.08%
HLI B -0.08%
WTRG B -0.08%
WAL B -0.08%
CHDN B -0.08%
LBRDK C -0.08%
ARMK B -0.08%
EHC B -0.08%
MUSA A -0.08%
DTM B -0.08%
NLY C -0.08%
OHI C -0.08%
AFG A -0.08%
ALLY C -0.08%
AES F -0.08%
EXEL B -0.08%
GME C -0.08%
LKQ D -0.08%
EXP A -0.08%
AYI B -0.08%
RPRX D -0.08%
LAD A -0.08%
IPG D -0.08%
ALSN B -0.08%
WWD B -0.08%
KNSL B -0.08%
CHRD D -0.07%
MTCH D -0.07%
MEDP D -0.07%
RRC B -0.07%
ACI C -0.07%
X C -0.07%
SEIC B -0.07%
CZR F -0.07%
SKX D -0.07%
SNV B -0.07%
APG B -0.07%
CE F -0.07%
DVA B -0.07%
APA D -0.07%
CNM D -0.07%
CFR B -0.07%
VOYA B -0.07%
PLNT A -0.07%
CPB D -0.07%
CHE D -0.07%
RIVN F -0.07%
EGP F -0.07%
HRB D -0.07%
RL B -0.07%
GPK C -0.07%
MOS F -0.07%
LNW D -0.07%
HRL D -0.07%
NYT C -0.07%
MTZ B -0.07%
TTC D -0.07%
CR A -0.07%
GLOB B -0.07%
WTFC A -0.07%
CBSH A -0.07%
ZION B -0.07%
OGE B -0.07%
ITCI C -0.07%
FYBR D -0.07%
HAS D -0.07%
BILL A -0.07%
AOS F -0.07%
CMA A -0.07%
BRX A -0.07%
MGM D -0.07%
SNX C -0.07%
PCTY B -0.07%
ROKU D -0.07%
KNX B -0.07%
PEN B -0.07%
HSIC B -0.07%
AR B -0.07%
AXTA A -0.07%
WCC B -0.07%
RBC A -0.07%
EXAS D -0.07%
MORN B -0.07%
REXR F -0.07%
AWI A -0.06%
MTN C -0.06%
H B -0.06%
CFLT B -0.06%
SN D -0.06%
LSCC D -0.06%
AXS A -0.06%
MTDR B -0.06%
VMI B -0.06%
FMC D -0.06%
DAR C -0.06%
ALK C -0.06%
CGNX C -0.06%
FCN D -0.06%
BPOP B -0.06%
MTSI B -0.06%
MASI A -0.06%
ELAN D -0.06%
R B -0.06%
GXO B -0.06%
FR C -0.06%
ATI D -0.06%
FRPT B -0.06%
RGEN D -0.06%
GNTX C -0.06%
VFC C -0.06%
ESTC C -0.06%
ESAB B -0.06%
MKSI C -0.06%
AGNC D -0.06%
GTLB B -0.06%
BBWI D -0.06%
OSK B -0.06%
VNO B -0.06%
S B -0.06%
LPX B -0.06%
MIDD C -0.06%
COKE C -0.06%
CART C -0.06%
RLI B -0.06%
RYAN B -0.06%
WEX D -0.06%
PCOR B -0.06%
PB A -0.06%
TREX C -0.06%
MHK D -0.06%
WH B -0.06%
KEX C -0.06%
SMAR A -0.06%
RHI B -0.06%
JAZZ B -0.06%
ADC B -0.06%
SSD D -0.06%
OLED D -0.06%
HII D -0.06%
NNN D -0.06%
BERY B -0.06%
ONTO D -0.06%
FLS B -0.06%
KBR F -0.06%
BWA D -0.06%
G B -0.06%
ENPH F -0.06%
LITE B -0.05%
RITM C -0.05%
VVV F -0.05%
PATH C -0.05%
NFG A -0.05%
THO B -0.05%
OLLI D -0.05%
BRKR D -0.05%
PVH C -0.05%
FOX A -0.05%
JHG A -0.05%
ETSY D -0.05%
CROX D -0.05%
AGCO D -0.05%
THG A -0.05%
VNT B -0.05%
AMG B -0.05%
LFUS F -0.05%
FNB A -0.05%
WFRD D -0.05%
IDA A -0.05%
WHR B -0.05%
LAZ B -0.05%
FOUR B -0.05%
BFAM D -0.05%
WBA F -0.05%
DOCS C -0.05%
STWD C -0.05%
ARW D -0.05%
UHAL D -0.05%
BEN C -0.05%
BIO D -0.05%
QRVO F -0.05%
COLD D -0.05%
SITE D -0.05%
OMF A -0.05%
ESI A -0.05%
SIRI C -0.05%
SAIC F -0.05%
MAT D -0.05%
NOV C -0.05%
MSA D -0.05%
KD B -0.05%
WSC D -0.05%
MTG C -0.05%
IVZ B -0.05%
PARA C -0.05%
COLB A -0.05%
LSTR D -0.05%
BSY D -0.05%
ELF C -0.05%
DBX B -0.05%
FAF A -0.05%
STAG F -0.05%
LYFT C -0.05%
AZEK A -0.05%
HR C -0.05%
DINO D -0.05%
AZPN A -0.05%
M D -0.04%
GAP C -0.04%
KMPR B -0.04%
RYN D -0.04%
EEFT B -0.04%
PSN D -0.04%
SLGN A -0.04%
CELH F -0.04%
KRC C -0.04%
SEE C -0.04%
CUZ B -0.04%
LOPE B -0.04%
RH B -0.04%
AGO B -0.04%
FIVE F -0.04%
ST F -0.04%
HCP B -0.04%
ROIV C -0.04%
AVT C -0.04%
WTM A -0.04%
HXL D -0.04%
OLN D -0.04%
TKR D -0.04%
SON D -0.04%
BYD C -0.04%
NXST C -0.04%
INSP D -0.04%
UGI A -0.04%
AL B -0.04%
BROS B -0.04%
CIVI D -0.04%
OZK B -0.04%
AM A -0.04%
VNOM A -0.04%
U C -0.04%
VKTX F -0.04%
APPF B -0.04%
POST C -0.04%
SLM A -0.04%
LNC B -0.04%
CLF F -0.04%
CCCS B -0.04%
LEA D -0.04%
IONS F -0.04%
TPG A -0.04%
CRUS D -0.04%
BC C -0.04%
WEN D -0.03%
AMTM D -0.03%
BHF B -0.03%
SMG D -0.03%
PENN C -0.03%
VAC B -0.03%
ZI D -0.03%
HUN F -0.03%
YETI C -0.03%
NCNO B -0.03%
IRDM D -0.03%
EPR D -0.03%
ZG A -0.03%
HIW D -0.03%
PII D -0.03%
ACHC F -0.03%
FHB A -0.03%
IAC D -0.03%
NVST B -0.03%
SPR D -0.03%
W F -0.03%
TNL A -0.03%
NWS B -0.03%
NWL B -0.03%
PRGO B -0.03%
DNB B -0.03%
XRAY F -0.03%
MDU D -0.03%
NEU C -0.03%
DXC B -0.03%
MSM C -0.03%
ASH D -0.03%
PEGA A -0.03%
OGN D -0.03%
LINE F -0.03%
HOG D -0.03%
FLO D -0.03%
RARE D -0.03%
CHH A -0.03%
GFS C -0.03%
MSGS A -0.03%
GTES A -0.03%
AN C -0.03%
DLB B -0.03%
WLK D -0.03%
VSTS C -0.02%
CRI D -0.02%
UAA C -0.02%
ALAB B -0.02%
RKT F -0.02%
QDEL F -0.02%
LBTYK A -0.02%
INFA D -0.02%
LBTYA B -0.02%
IPGP D -0.02%
LCID F -0.02%
KSS F -0.02%
SHC F -0.02%
PPC C -0.02%
ADT C -0.02%
AZTA D -0.02%
RCM F -0.02%
AAP C -0.02%
HAYW B -0.02%
CWEN C -0.02%
JWN C -0.02%
PINC B -0.02%
ALGM D -0.02%
CPRI F -0.02%
SPB C -0.02%
MP B -0.02%
HHH B -0.02%
ENOV C -0.02%
MPW F -0.02%
AGR B -0.02%
BOKF B -0.02%
WU D -0.02%
CXT B -0.02%
APLS D -0.02%
COTY F -0.02%
CACC D -0.02%
DV C -0.02%
FIVN C -0.02%
TDC D -0.02%
SAM C -0.02%
COLM B -0.02%
VIRT B -0.02%
CC C -0.02%
AMKR D -0.02%
ECG C -0.02%
AMED F -0.02%
MAN D -0.02%
PAG B -0.02%
RNG B -0.02%
SNRE D -0.02%
NSA D -0.02%
LLYVK A -0.02%
PK B -0.02%
UWMC D -0.01%
PLTK B -0.01%
SEB F -0.01%
TFSL A -0.01%
WOLF F -0.01%
LOAR A -0.01%
CWEN C -0.01%
CNA B -0.01%
AS B -0.01%
CERT F -0.01%
PYCR C -0.01%
DDS B -0.01%
LLYVA A -0.01%
UI A -0.01%
TXG F -0.01%
SNDR B -0.01%
REYN D -0.01%
TRIP F -0.01%
LBRDA C -0.01%
LEG F -0.01%
DJT C -0.01%
GO C -0.01%
QS F -0.01%
CAR C -0.01%
FTRE D -0.01%
FWONA B -0.01%
UA C -0.01%
CLVT F -0.01%
LEN D -0.01%
BIRK D -0.01%
CNXC F -0.01%
PARAA B -0.0%
SEG B -0.0%
GRAL C -0.0%
UHAL D -0.0%
NFE D -0.0%
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