INNO vs. ALAI ETF Comparison
Comparison of Harbor Disruptive Innovation ETF (INNO) to Alger AI Enablers & Adopters ETF (ALAI)
INNO
Harbor Disruptive Innovation ETF
INNO Description
INNO invests in stocks of any size with growth potential linked to disruptive innovation. The fund aims to achieve enhanced risk-adjusted investment outcome by utilizing an active multi-manager approach in which the advisor allocates assets among subadvisors. Each subadvisor represents a strategy that targets associated disruptive companies in technology, advanced therapies, analog-to-digital transition, structural changes and secular trends, and products or services with large demand. The advisor determines and adjusts allocations based on qualitative and quantitative assessments of each strategy, as well as in combination. The fund may invest up to 25% in foreign markets, including developing countries. INNO utilizes the same investment strategy and portfolio management team as its mutual fund counterpart, Harbor Disruptive Innovation Fund.
Grade (RS Rating)
Last Trade
$17.07
Average Daily Volume
29,771
68
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
$26.06
Average Daily Volume
10,280
41
Performance
| Period | INNO | ALAI |
|---|---|---|
| 30 Days | 6.16% | 7.65% |
| 60 Days | 7.36% | 14.09% |
| 90 Days | 9.18% | 18.70% |
| 12 Months | 28.63% |
16 Overlapping Holdings
| Symbol | Grade | Weight in INNO | Weight in ALAI | Overlap | |
|---|---|---|---|---|---|
| AMD | F | 1.36% | 1.01% | 1.01% | |
| AMZN | C | 2.97% | 8.81% | 2.97% | |
| CDNS | B | 3.13% | 0.56% | 0.56% | |
| DKNG | B | 0.5% | 1.77% | 0.5% | |
| GOOG | C | 3.38% | 2.33% | 2.33% | |
| HUBS | A | 1.11% | 0.2% | 0.2% | |
| MELI | C | 2.85% | 1.45% | 1.45% | |
| META | D | 2.01% | 6.72% | 2.01% | |
| MSFT | D | 1.92% | 11.86% | 1.92% | |
| NFLX | A | 1.14% | 1.34% | 1.14% | |
| NOW | A | 3.73% | 0.68% | 0.68% | |
| NVDA | B | 4.35% | 10.98% | 4.35% | |
| SE | A | 0.83% | 0.8% | 0.8% | |
| SHOP | B | 3.91% | 0.24% | 0.24% | |
| TSLA | B | 0.46% | 0.63% | 0.46% | |
| TSM | B | 1.33% | 2.57% | 1.33% |
INNO Overweight 52 Positions Relative to ALAI
| Symbol | Grade | Weight | |
|---|---|---|---|
| FI | A | 2.94% | |
| PGR | A | 2.82% | |
| DASH | B | 2.82% | |
| URI | C | 2.81% | |
| LIN | C | 2.53% | |
| LRCX | F | 2.42% | |
| DHR | F | 2.42% | |
| TXN | C | 2.3% | |
| TEAM | A | 2.23% | |
| IOT | A | 2.16% | |
| TOST | B | 2.03% | |
| GOOGL | C | 1.96% | |
| ASND | F | 1.55% | |
| CMG | B | 1.51% | |
| DDOG | A | 1.38% | |
| PCOR | B | 1.2% | |
| CGNX | D | 1.2% | |
| NET | B | 1.17% | |
| GTLS | A | 1.09% | |
| CRM | B | 0.9% | |
| S | B | 0.84% | |
| SAP | B | 0.84% | |
| MEDP | D | 0.82% | |
| ORCL | A | 0.81% | |
| PANW | B | 0.8% | |
| MNDY | C | 0.8% | |
| ZS | B | 0.79% | |
| MTSI | B | 0.77% | |
| GEV | B | 0.67% | |
| SQ | A | 0.65% | |
| ROKU | D | 0.65% | |
| LSCC | D | 0.64% | |
| NU | C | 0.63% | |
| DT | D | 0.62% | |
| MDB | B | 0.62% | |
| AMAT | F | 0.61% | |
| PODD | C | 0.58% | |
| GLBE | B | 0.57% | |
| LLY | F | 0.54% | |
| OKTA | C | 0.53% | |
| ICLR | D | 0.46% | |
| CRWD | B | 0.45% | |
| SAIA | B | 0.45% | |
| SNOW | B | 0.43% | |
| LEGN | D | 0.41% | |
| MRNA | F | 0.39% | |
| TDG | D | 0.33% | |
| RCKT | F | 0.33% | |
| DXCM | C | 0.32% | |
| CHKP | C | 0.32% | |
| PCVX | D | 0.25% | |
| BCYC | F | 0.16% |
INNO Underweight 25 Positions Relative to ALAI
| Symbol | Grade | Weight | |
|---|---|---|---|
| AAPL | C | -11.09% | |
| APP | B | -4.79% | |
| AVGO | D | -4.14% | |
| SPGI | C | -2.88% | |
| VRT | B | -2.18% | |
| CEG | C | -1.69% | |
| UNH | B | -1.42% | |
| ISRG | A | -1.4% | |
| EQIX | A | -1.34% | |
| ADBE | C | -1.2% | |
| NRG | B | -1.02% | |
| SPOT | B | -1.0% | |
| MU | D | -0.88% | |
| ASML | F | -0.81% | |
| PINS | F | -0.79% | |
| NTRA | A | -0.74% | |
| DELL | B | -0.58% | |
| MRVL | B | -0.48% | |
| UBER | F | -0.47% | |
| DLR | B | -0.45% | |
| TTD | B | -0.43% | |
| WMT | A | -0.31% | |
| PWR | A | -0.28% | |
| NEE | C | -0.27% | |
| JPM | A | -0.22% |
INNO: Top Represented Industries & Keywords
ALAI: Top Represented Industries & Keywords
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