ALAIvsFAIETF Comparison
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Alger AI Enablers & Adopters ETF (ALAI) and First Trust Bloomberg Artificial Intelligence ETF (FAI) belong to the same industry segment: AI & Big Data. ALAI's top 3 sector exposures are Technology, Consumer Non-Cyclicals and Finance. In contrast, FAI's top sector exposures are Technology, Consumer Non-Cyclicals and Business Services. ALAI is more expensive with a Total Expense Ratio (TER) of 1.68%, versus 0.65% for FAI. ALAI is up 22.25% year-to-date (YTD) with +$890M in YTD flows. FAI performs better with 31.98% YTD performance, and +$137M in YTD flows. Run a side-by-side ETF comparison of ALAI and FAI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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ALAI vs FAI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/14/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ALAI FAI | -4.27%-0.06% | -3.53%+3.34% | +22.25%+31.98% | +22.74%+40.55% | n/an/a | n/an/a |
| Flows | ALAI FAI | +$751M+$16M | +$821M+$94M | +$890M+$137M | +$1.01B+$148M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ALAI FAI | +26.90%+30.31% | +25.95%+28.11% | n/an/a | n/an/a |
| Max drawdown | ALAI FAI | -13.47%-14.79% | -18.30%-18.62% | n/an/a | n/an/a |
| Max drawdown duration | ALAI FAI | 85d55d | 169d101d | n/an/a | n/an/a |
Trading data
ALAI | FAI | |
Last sale 9/15/2026 at 1:30 PM | $43.86 | $53.44 |
| Previous close 09/14/2026 | $44.21 | $53.76 |
| Consolidated volume 09/14/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 15, 2026
1-year trailing difference
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ALAI
is actively managed and doesn’t replicate an indexALAI | FAI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 9/15/2026 at 1:30 PM
Live
Closed
ALAI | FAI | |
|---|---|---|
| Last price | $43.86 | $53.44 |
| 1D performance | -0.79% | -0.60% |
| AuM | $1.24 B | $187.19 M |
| E/R | 1.68% | 0.65% |
Characteristics
ALAI | FAI | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Fred Alger Management | First Trust |
| Benchmark | - | Bloomberg Artificial Intelligence Index |
| N° of holdings | 62 | 50 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 5, 2024 | November 20, 2024 |
| ESG | No | No |
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Exposure
Countries
ALAI
USA
70.26%
Other
29.74%
FAI
USA
85.63%
Other
14.37%
Sectors
ALAI
Technology
63.35%
Consumer Non-Cycl.
8.24%
Other
28.41%
FAI
Technology
83.84%
Consumer Non-Cycl.
8.25%
Other
7.91%
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Diversification
ALAI
Total weight of top 15 holdings out of 15
59.46%
FAI
Total weight of top 15 holdings out of 15
77.12%
Top 15 holdings
Data as of July 31, 2026
ALAI
NVIDIA Corp.
13.20%
Microsoft Corp.
6.59%
Taiwan Semiconductor Manufacturing Co., Ltd.
5.59%
Amazon.com, Inc.
5.23%
Western Digital Corp.
4.17%
Alphabet, Inc.
4.15%
Meta Platforms, Inc.
3.50%
Nebius Group NV
3.37%
Seagate Technology Holdings Plc
2.69%
Apple, Inc.
2.22%
SK hynix, Inc.
1.94%
Snowflake, Inc.
1.79%
Talen Energy Corp.
1.75%
Micron Technology, Inc.
1.64%
Forgent Power Solutions, Inc.
1.62%
FAI
Microsoft Corp.
9.49%
NVIDIA Corp.
8.57%
Amazon.com, Inc.
8.25%
Broadcom Inc.
7.78%
Alphabet, Inc.
7.29%
Palantir Technologies, Inc.
5.18%
Oracle Corp.
3.90%
Micron Technology, Inc.
3.85%
Taiwan Semiconductor Manufacturing Co., Ltd.
3.74%
Meta Platforms, Inc.
3.61%
ASML Holding NV
3.60%
Advanced Micro Devices, Inc.
3.49%
Marvell Technology, Inc.
3.39%
SK hynix, Inc.
2.91%
ServiceNow, Inc.
2.07%
Frequently asked questions about ALAI and FAI
How have the ALAI and FAI ETFs performed in 2026?
As of September 14, 2026, ALAI is up 22.25% year-to-date (YTD), while FAI has returned 31.98%. That puts FAI better performer ahead so far this year.
Which ETF is attracting more investor money: ALAI or FAI?
Year-to-date, the ALAI ETF saw +$890M in flows, compared to +$137M for FAI.
Which ETF is more volatile: ALAI or FAI?
Over the past year, ALAI had a volatility of 25.95%, while FAI experienced 28.11%.
Which ETF is bigger: ALAI or FAI?
As of September 14, 2026, ALAI holds $1.24 B in assets under management (AUM), while FAI manages $187.19 M.
What sectors do the ALAI and FAI ETFs invest in?
ALAI leans toward sectors like Technology and Consumer Non-Cyclicals. Meanwhile, FAI focuses on Technology and Consumer Non-Cyclicals.
What are the top holdings of the ALAI ETF and FAI ETF?
ALAI top holdings include NVIDIA Corp., Microsoft Corp. and Taiwan Semiconductor Manufacturing Co., Ltd.. FAI holds in its top three: Microsoft Corp., NVIDIA Corp. and Amazon.com, Inc..
Which ETF is more diversified: ALAI or FAI?
ALAI holds 63 securities with 59.46% of its assets in the top 15. FAI has 50 securities and a top 15 weight of 77.12%.
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Latest news about ALAI & FAI
First Trust Launches New FAI ETF to Tap into Artificial Intelligence Growth
November 22, 2024
FAI
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