XITK vs. ALAI ETF Comparison

Comparison of SPDR FactSet Innovative Technology ETF (XITK) to Alger AI Enablers & Adopters ETF (ALAI)

XITK

SPDR FactSet Innovative Technology ETF

XITK Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the FactSet Innovative Technology Index. The index is designed to represent the performance of U.S.-listed stock and American Depository Receipts of Technology companies and Technology-related companies within the most innovative segments of the Technology sector and Electronic Media sub-sector of the Media sector, as defined by FactSet Research Systems, Inc. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$180.69

Average Daily Volume

1,614

Number of Holdings ^*

* 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	XITK	ALAI
30 Days	15.56%	9.25%
60 Days	18.29%	13.38%
90 Days	18.72%	18.43%
12 Months	39.42%

8 Overlapping Holdings

Symbol	Grade	Weight in XITK	Weight in ALAI	Overlap
AMD	F	0.86%	1.01%	0.86%
APP	B	6.06%	4.79%	4.79%
META	D	1.38%	6.72%	1.38%
NFLX	A	1.48%	1.34%	1.34%
NVDA	C	2.46%	10.98%	2.46%
PINS	D	0.67%	0.79%	0.67%
SPOT	B	1.92%	1.0%	1.0%
TTD	B	1.42%	0.43%	0.43%

XITK Overweight 88 Positions Relative to ALAI

Symbol	Grade	Weight
TOST	B	2.1%
QTWO	A	2.05%
PI	D	1.77%
DOCS	C	1.69%
MGNI	A	1.57%
UPST	B	1.46%
PAR	B	1.46%
FTNT	C	1.44%
SITM	B	1.41%
DAKT	B	1.39%
PEGA	A	1.34%
HCP	B	1.3%
DOCU	A	1.29%
Z	A	1.28%
CWAN	B	1.26%
INTA	A	1.26%
KD	B	1.22%
MNDY	C	1.22%
IOT	A	1.21%
DUOL	A	1.19%
CYBR	B	1.19%
AGYS	A	1.15%
CRWD	B	1.13%
NCNO	B	1.1%
TWLO	A	1.09%
SEIC	B	1.08%
G	B	1.05%
VEEV	C	1.05%
SSNC	B	1.04%
RBLX	C	1.03%
SMAR	A	1.01%
KLAC	D	0.99%
DOCN	D	0.98%
ARLO	C	0.97%
CHKP	D	0.97%
SQ	B	0.96%
EA	A	0.95%
VRNS	D	0.95%
ONTO	D	0.94%
AEIS	B	0.93%
DDOG	A	0.92%
S	B	0.91%
CTSH	B	0.91%
OLO	B	0.9%
UPWK	B	0.86%
OKTA	C	0.85%
FVRR	B	0.85%
ZS	C	0.84%
MPWR	F	0.82%
APPN	B	0.82%
GTLB	B	0.82%
LSPD	C	0.82%
GLOB	B	0.81%
TENB	C	0.81%
DOX	D	0.8%
ASGN	F	0.8%
ALIT	C	0.79%
DT	C	0.79%
SPSC	C	0.78%
PUBM	C	0.73%
JAMF	F	0.72%
EPAM	C	0.72%
PD	C	0.71%
RAMP	C	0.66%
GFS	C	0.65%
QLYS	C	0.63%
MDB	C	0.61%
IAS	C	0.61%
RIOT	C	0.6%
MXL	C	0.6%
ASAN	C	0.58%
ZIP	F	0.57%
RPD	C	0.57%
ROKU	D	0.57%
CALX	D	0.57%
BRZE	C	0.54%
ZI	D	0.54%
TDC	D	0.54%
SMCI	F	0.53%
PRO	C	0.49%
DV	C	0.48%
U	C	0.46%
CLVT	F	0.45%
PATH	C	0.41%
OPEN	D	0.39%
CNXC	F	0.34%
FSLY	D	0.32%
APPS	F	0.18%

XITK Underweight 33 Positions Relative to ALAI

Symbol	Grade	Weight
MSFT	F	-11.86%
AAPL	C	-11.09%
AMZN	C	-8.81%
AVGO	D	-4.14%
SPGI	C	-2.88%
TSM	B	-2.57%
GOOG	C	-2.33%
VRT	B	-2.18%
DKNG	B	-1.77%
CEG	D	-1.69%
MELI	D	-1.45%
UNH	C	-1.42%
ISRG	A	-1.4%
EQIX	A	-1.34%
ADBE	C	-1.2%
NRG	B	-1.02%
MU	D	-0.88%
ASML	F	-0.81%
SE	B	-0.8%
NTRA	B	-0.74%
NOW	A	-0.68%
TSLA	B	-0.63%
DELL	C	-0.58%
CDNS	B	-0.56%
MRVL	B	-0.48%
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%

XITK: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Information Technology Services Semiconductors Internet Content & Information Business Services Electronic Components Real Estate Services Semiconductor Equipment & Materials Advertising Agencies Asset Management Capital Markets Communication Equipment Computer Hardware Computer Systems Conglomerates Credit Services Data Storage Electronic Gaming & Multimedia Electronic Gaming & Multimedia