QRMI vs. ALAI ETF Comparison

Comparison of Global X NASDAQ 100 Risk Managed Income ETF (QRMI) to Alger AI Enablers & Adopters ETF (ALAI)

QRMI

Global X NASDAQ 100 Risk Managed Income ETF

QRMI Description

Global X Funds - Global X NASDAQ 100 Risk Managed Income ETF is an exchange traded fund launched and managed by Global X Management Company LLC. The fund invests in the public equity markets of the United States. It takes long and short positions to invest directly and through derivatives such as options in stocks of companies operating across non-financial companies sectors. The fund invests in growth and value stocks of large-cap companies. It seeks to track the performance of the Nasdaq-100 Monthly Net Credit Collar 95-100 Index, by using full replication technique. Global X Funds - Global X NASDAQ 100 Risk Managed Income ETF was formed on August 25, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$17.00

Average Daily Volume

8,933

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

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 ^*

* may have additional holdings in another (foreign) market

Performance

Period	QRMI	ALAI
30 Days	1.66%	9.25%
60 Days	2.63%	13.38%
90 Days	3.97%	18.43%
12 Months	11.21%

19 Overlapping Holdings

Symbol	Grade	Weight in QRMI	Weight in ALAI	Overlap
AAPL	C	8.63%	11.09%	8.63%
ADBE	C	1.53%	1.2%	1.2%
AMD	F	1.46%	1.01%	1.01%
AMZN	C	5.66%	8.81%	5.66%
ASML	F	0.42%	0.81%	0.42%
AVGO	D	5.23%	4.14%	4.14%
CDNS	B	0.56%	0.56%	0.56%
CEG	D	0.47%	1.69%	0.47%
GOOG	C	2.54%	2.33%	2.33%
ISRG	A	1.24%	1.4%	1.24%
MELI	D	0.63%	1.45%	0.63%
META	D	5.08%	6.72%	5.08%
MRVL	B	0.5%	0.48%	0.48%
MSFT	F	7.96%	11.86%	7.96%
MU	D	0.72%	0.88%	0.72%
NFLX	A	2.31%	1.34%	1.34%
NVDA	C	9.04%	10.98%	9.04%
TSLA	B	4.02%	0.63%	0.63%
TTD	B	0.37%	0.43%	0.37%

QRMI Overweight 82 Positions Relative to ALAI

Symbol	Grade	Weight
COST	B	2.69%
GOOGL	C	2.64%
TMUS	B	1.83%
CSCO	B	1.55%
PEP	F	1.47%
LIN	D	1.42%
INTU	C	1.28%
TXN	C	1.22%
QCOM	F	1.16%
BKNG	A	1.12%
CMCSA	B	1.1%
AMGN	D	1.05%
HON	B	0.98%
AMAT	F	0.98%
PANW	C	0.84%
VRTX	F	0.83%
ADP	B	0.81%
GILD	C	0.75%
SBUX	A	0.73%
INTC	D	0.69%
ADI	D	0.68%
LRCX	F	0.62%
CTAS	B	0.59%
PYPL	B	0.58%
KLAC	D	0.58%
MDLZ	F	0.57%
SNPS	B	0.56%
REGN	F	0.56%
CRWD	B	0.54%
MAR	B	0.53%
PDD	F	0.49%
ORLY	B	0.48%
FTNT	C	0.48%
CSX	B	0.46%
ADSK	A	0.45%
DASH	A	0.44%
ROP	B	0.41%
WDAY	B	0.39%
PCAR	B	0.39%
NXPI	D	0.38%
ABNB	C	0.38%
CHTR	C	0.38%
MNST	C	0.36%
CPRT	A	0.36%
FANG	D	0.35%
PAYX	C	0.34%
AEP	D	0.32%
ODFL	B	0.32%
FAST	B	0.31%
ROST	C	0.3%
KDP	D	0.29%
EA	A	0.28%
TEAM	A	0.27%
VRSK	A	0.27%
BKR	B	0.27%
DDOG	A	0.26%
CTSH	B	0.26%
GEHC	F	0.25%
KHC	F	0.25%
LULU	C	0.25%
IDXX	F	0.24%
AZN	D	0.24%
EXC	C	0.24%
XEL	A	0.24%
MCHP	D	0.23%
CCEP	C	0.23%
CSGP	D	0.21%
TTWO	A	0.21%
ZS	C	0.21%
ON	D	0.2%
ANSS	B	0.2%
DXCM	D	0.19%
WBD	C	0.16%
CDW	F	0.16%
BIIB	F	0.16%
MDB	C	0.15%
GFS	C	0.15%
ILMN	D	0.15%
MRNA	F	0.11%
ARM	D	0.11%
DLTR	F	0.1%
SMCI	F	0.08%

QRMI Underweight 22 Positions Relative to ALAI

Symbol	Grade	Weight
APP	B	-4.79%
SPGI	C	-2.88%
TSM	B	-2.57%
VRT	B	-2.18%
DKNG	B	-1.77%
UNH	C	-1.42%
EQIX	A	-1.34%
NRG	B	-1.02%
SPOT	B	-1.0%
SE	B	-0.8%
PINS	D	-0.79%
NTRA	B	-0.74%
NOW	A	-0.68%
DELL	C	-0.58%
UBER	D	-0.47%
DLR	B	-0.45%
WMT	A	-0.31%
PWR	A	-0.28%
NEE	D	-0.27%
SHOP	B	-0.24%
JPM	A	-0.22%
HUBS	A	-0.2%