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ALAIvsONEQETF Comparison

ETF 1

ALAI

Alger AI Enablers & Adopters ETF

This fund is part of

AI & Big Data

-0.75%

Full ALAI fund page

VS

ETF 2

ONEQ

Fidelity NASDAQ Composite Index ETF

This fund is part of

US All Cap

-0.44%

Full ONEQ fund page

Alger AI Enablers & Adopters ETF (ALAI) belongs to the AI & Big Data segment. Fidelity NASDAQ Composite Index ETF (ONEQ) is part of the US All Cap segment. ALAI's top 3 sector exposures are Technology, Consumer Non-Cyclicals and Finance. In contrast, ONEQ's top sector exposures are Technology, Consumer Non-Cyclicals and Healthcare. ALAI is more expensive with a Total Expense Ratio (TER) of 1.68%, versus 0.21% for ONEQ. ALAI is up 21.11% year-to-date (YTD) with +$888M in YTD flows. ONEQ performs worse with 12.42% YTD performance, and +$148M in YTD flows. Run a side-by-side ETF comparison of ALAI and ONEQ 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 ONEQ performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/15/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	ALAI ONEQ	-5.05%-2.41%	-4.43%-2.47%	+21.11%+12.42%	+21.60%+17.09%	n/a+93.57%	n/a+80.05%
Flows	ALAI ONEQ	+$630M-$16M	+$819M+$27M	+$888M+$148M	+$1.01B+$283M	-+$833M	-+$1.60B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	ALAI ONEQ	+26.75%+18.06%	+25.92%+18.50%	n/a+20.37%	n/a+22.81%
Max drawdown	ALAI ONEQ	-13.47%-8.33%	-18.30%-12.90%	n/a-24.22%	n/a-34.88%
Max drawdown duration	ALAI ONEQ	86d52d	169d167d	n/a191d	n/a807d

Trading data

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	ALAI	ONEQ
Last sale 9/16/2026 at 1:30 PM	$44.26	$102.47
Previous close 09/15/2026	$43.86	$102.47
Consolidated volume 09/15/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

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ALAI

is actively managed and doesn’t replicate an index

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	ALAI	ONEQ
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/16/2026 at 1:30 PM

Live

Closed

	ALAI	ONEQ
Last price	$44.26	$102.47
1D performance	+0.91%	+0.00%
AuM	$1.23 B	$10.59 B
E/R	1.68%	0.21%

Characteristics

	ALAI	ONEQ
Management strategy	Active	Passive
Provider	Fred Alger Management	Fidelity
Benchmark	-	NASDAQ Composite Index
N° of holdings	62	991
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	April 5, 2024	September 25, 2003
ESG	No	No

More ALAI data on Trackinsight

More ONEQ data on Trackinsight

Exposure

Countries

ALAI

USA

70.26%

Other

29.74%

ONEQ

USA

95.17%

Other

4.83%

Sectors

ALAI

Technology

63.35%

Consumer Non-Cycl.

8.24%

Other

28.41%

ONEQ

Technology

64.53%

Consumer Non-Cycl.

11.2%

Other

24.27%

Diversification

ALAI

Total weight of top 15 holdings out of 15

59.46%

ONEQ

Total weight of top 15 holdings out of 15

63.41%

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%

ONEQ

Apple, Inc.

11.52%

NVIDIA Corp.

11.00%

Microsoft Corp.

6.74%

Amazon.com, Inc.

5.72%

Alphabet, Inc.

4.49%

Alphabet, Inc.

4.19%

Broadcom Inc.

4.16%

Meta Platforms, Inc.

2.99%

Tesla, Inc.

2.66%

Micron Technology, Inc.

2.14%

Walmart, Inc.

2.07%

Space Exploration Technologies Corp.

1.98%

Advanced Micro Devices, Inc.

1.70%

Cisco Systems, Inc.

1.05%

Intel Corp.

1.00%

Frequently asked questions about ALAI and ONEQ

How have the ALAI and ONEQ ETFs performed in 2026?

As of September 15, 2026, ALAI is up 21.11% year-to-date (YTD), while ONEQ has returned 12.42%. That puts ALAI better performer ahead so far this year.

Which ETF is attracting more investor money: ALAI or ONEQ?

Year-to-date, the ALAI ETF saw +$888M in flows, compared to +$148M for ONEQ.

Which ETF is more volatile: ALAI or ONEQ?

Over the past year, ALAI had a volatility of 25.92%, while ONEQ experienced 18.5%.

Which ETF is bigger: ALAI or ONEQ?

As of September 15, 2026, ALAI holds $1.23 B in assets under management (AUM), while ONEQ manages $10.59 B.

What sectors do the ALAI and ONEQ ETFs invest in?

ALAI leans toward sectors like Technology and Consumer Non-Cyclicals. Meanwhile, ONEQ focuses on Technology and Consumer Non-Cyclicals.

What are the top holdings of the ALAI ETF and ONEQ ETF?

ALAI top holdings include NVIDIA Corp., Microsoft Corp. and Taiwan Semiconductor Manufacturing Co., Ltd.. ONEQ holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..

ALAIvsONEQETF Comparison

Alger AI Enablers & Adopters ETF

Fidelity NASDAQ Composite Index ETF

ALAI vs ONEQ performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the ALAI and ONEQ ETFs performed in 2026?

As of September 15, 2026, ALAI is up 21.11% year-to-date (YTD), while ONEQ has returned 12.42%. That puts ALAI better performer ahead so far this year.

Which ETF is attracting more investor money: ALAI or ONEQ?

Year-to-date, the ALAI ETF saw +$888M in flows, compared to +$148M for ONEQ.

Which ETF is more volatile: ALAI or ONEQ?

Over the past year, ALAI had a volatility of 25.92%, while ONEQ experienced 18.5%.

Which ETF is bigger: ALAI or ONEQ?

As of September 15, 2026, ALAI holds $1.23 B in assets under management (AUM), while ONEQ manages $10.59 B.

What sectors do the ALAI and ONEQ ETFs invest in?

ALAI leans toward sectors like Technology and Consumer Non-Cyclicals. Meanwhile, ONEQ focuses on Technology and Consumer Non-Cyclicals.

What are the top holdings of the ALAI ETF and ONEQ ETF?

ALAI top holdings include NVIDIA Corp., Microsoft Corp. and Taiwan Semiconductor Manufacturing Co., Ltd.. ONEQ holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..

Which ETF is more diversified: ALAI or ONEQ?

ALAI holds 63 securities with 59.46% of its assets in the top 15. ONEQ has 1000 securities and a top 15 weight of 63.41%.

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