MTAWvsALAIETF Comparison
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Meta AI Lab Ecosystem ETF (MTAW) and Alger AI Enablers & Adopters ETF (ALAI) belong to the same industry segment: AI & Big Data. MTAW's top 3 sector exposures are Technology, Utilities and Non-Energy Materials. In contrast, ALAI's top sector exposures are Technology, Consumer Non-Cyclicals and Finance. MTAW is less expensive with a Total Expense Ratio (TER) of 0.59%, versus 1.68% for ALAI. Run a side-by-side ETF comparison of MTAW and ALAI 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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MTAW vs ALAI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MTAW ALAI | -16.20%-12.07% | -13.74%-8.55% | n/a+12.69% | n/a+11.26% | n/an/a | n/an/a |
| Flows | MTAW ALAI | -$479K+$482M | +$1M+$1.35B | -+$1.49B | -+$1.50B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MTAW ALAI | +33.92%+30.98% | n/a+28.06% | n/an/a | n/an/a |
| Max drawdown | MTAW ALAI | -25.28%-21.21% | n/a-21.21% | n/an/a | n/an/a |
| Max drawdown duration | MTAW ALAI | 35d36d | n/a36d | n/an/a | n/an/a |
Trading data
MTAW | ALAI | |
Last sale 11/12/2026 at 2:30 PM | $22.13 | $40.47 |
| Previous close 11/11/2026 | $22.56 | $40.72 |
| Consolidated volume 11/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 11/12/2026 at 2:30 PM
Live
Closed
MTAW | ALAI | |
|---|---|---|
| Last price | $22.13 | $40.47 |
| 1D performance | -1.91% | -0.61% |
| AuM | $1.31 M | $1.60 B |
| E/R | 0.59% | 1.68% |
Characteristics
MTAW | ALAI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Harbor Capital | Fred Alger Management |
| Benchmark | - | - |
| N° of holdings | 21 | 58 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 13, 2026 | April 5, 2024 |
| ESG | No | No |
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Exposure
Countries
MTAW
USA
72.74%
Other
27.26%
ALAI
USA
76.67%
Other
23.33%
Sectors
MTAW
Technology
63.09%
Utilities
18.91%
Other
18%
ALAI
Technology
70.57%
Other
29.43%
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Diversification
MTAW
Total weight of top 15 holdings out of 15
70.64%
ALAI
Total weight of top 15 holdings out of 15
65.52%
Top 15 holdings
Data as of September 30, 2026
MTAW
Meta Platforms, Inc.
19.60%
Ciena Corp.
5.48%
Vistra Corp.
4.49%
Nebius Group NV
4.14%
Oracle Corp.
3.95%
Taiwan Semiconductor Manufacturing Co., Ltd.
3.92%
NVIDIA Corp.
3.57%
CoreWeave, Inc.
3.47%
Oklo, Inc.
3.41%
Alphabet, Inc.
3.33%
Corning, Inc.
3.31%
NextEra Energy, Inc.
3.09%
Broadcom Inc.
3.07%
Entergy Corp.
3.04%
Advanced Micro Devices, Inc.
2.76%
ALAI
NVIDIA Corp.
13.01%
Microsoft Corp.
8.08%
Taiwan Semiconductor Manufacturing Co., Ltd.
5.79%
Meta Platforms, Inc.
5.18%
Amazon.com, Inc.
4.84%
Alphabet, Inc.
4.48%
Nebius Group NV
4.28%
Broadcom Inc.
3.72%
Seagate Technology Holdings Plc
3.68%
Micron Technology, Inc.
2.43%
Advanced Micro Devices, Inc.
2.17%
Apple, Inc.
2.03%
Lumentum Holdings, Inc.
1.98%
Western Digital Corp.
1.97%
Snowflake, Inc.
1.87%
Frequently asked questions about MTAW and ALAI
Which ETF is bigger: MTAW or ALAI?
As of November 10, 2026, MTAW holds $1.31 M in assets under management (AUM), while ALAI manages $1.60 B.
What sectors do the MTAW and ALAI ETFs invest in?
MTAW leans toward sectors like Technology and Utilities. Meanwhile, ALAI focuses on Technology.
What are the top holdings of the MTAW ETF and ALAI ETF?
MTAW top holdings include Meta Platforms, Inc., Ciena Corp. and Vistra Corp.. ALAI holds in its top three: NVIDIA Corp., Microsoft Corp. and Taiwan Semiconductor Manufacturing Co., Ltd..
Which ETF is more diversified: MTAW or ALAI?
MTAW holds 21 securities with 70.64% of its assets in the top 15. ALAI has 58 securities and a top 15 weight of 65.52%.
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