PGRO vs. ALAI ETF Comparison
Comparison of Putnam Focused Large Cap Growth ETF (PGRO) to Alger AI Enablers & Adopters ETF (ALAI)
PGRO
Putnam Focused Large Cap Growth ETF
PGRO Description
The investment seeks capital appreciation. The fund invests mainly in common stocks of large U.S. companies, with a focus on growth stocks. Under normal circumstances, it invests at least 80% of the fundâs net assets in companies of a size similar to those in the Russell 1000 Growth Index. The fundâs investment manager, Putnam Investment Management, LLC (Putnam Management) may consider, among other factors, a companyâs valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell investments. It is non-diversified.
Grade (RS Rating)
Last Trade
$37.77
Average Daily Volume
3,975
32
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
$26.04
Average Daily Volume
10,103
41
Performance
| Period | PGRO | ALAI |
|---|---|---|
| 30 Days | 2.41% | 8.28% |
| 60 Days | 5.27% | 13.56% |
| 90 Days | 6.69% | 17.83% |
| 12 Months | 35.67% |
14 Overlapping Holdings
| Symbol | Grade | Weight in PGRO | Weight in ALAI | Overlap | |
|---|---|---|---|---|---|
| AAPL | C | 10.98% | 11.09% | 10.98% | |
| AMZN | B | 8.36% | 8.81% | 8.36% | |
| AVGO | C | 4.19% | 4.14% | 4.14% | |
| CDNS | B | 1.71% | 0.56% | 0.56% | |
| DKNG | B | 0.84% | 1.77% | 0.84% | |
| ISRG | A | 1.89% | 1.4% | 1.4% | |
| META | C | 3.97% | 6.72% | 3.97% | |
| MSFT | D | 12.43% | 11.86% | 11.86% | |
| NFLX | A | 2.21% | 1.34% | 1.34% | |
| NOW | B | 1.4% | 0.68% | 0.68% | |
| NVDA | A | 11.08% | 10.98% | 10.98% | |
| SPOT | B | 0.84% | 1.0% | 0.84% | |
| TSLA | A | 1.61% | 0.63% | 0.63% | |
| UBER | F | 1.62% | 0.47% | 0.47% |
PGRO Underweight 27 Positions Relative to ALAI
| Symbol | Grade | Weight | |
|---|---|---|---|
| APP | A | -4.79% | |
| SPGI | D | -2.88% | |
| TSM | B | -2.57% | |
| GOOG | B | -2.33% | |
| VRT | A | -2.18% | |
| CEG | C | -1.69% | |
| MELI | D | -1.45% | |
| UNH | C | -1.42% | |
| EQIX | A | -1.34% | |
| ADBE | D | -1.2% | |
| NRG | B | -1.02% | |
| AMD | F | -1.01% | |
| MU | D | -0.88% | |
| ASML | F | -0.81% | |
| SE | A | -0.8% | |
| PINS | F | -0.79% | |
| NTRA | A | -0.74% | |
| DELL | B | -0.58% | |
| MRVL | B | -0.48% | |
| DLR | A | -0.45% | |
| TTD | B | -0.43% | |
| WMT | A | -0.31% | |
| PWR | A | -0.28% | |
| NEE | C | -0.27% | |
| SHOP | B | -0.24% | |
| JPM | A | -0.22% | |
| HUBS | B | -0.2% |
PGRO: Top Represented Industries & Keywords
ALAI: Top Represented Industries & Keywords
Compare ETFs
