NVPSvsALAIETF Comparison
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PurePlay Nvidia Ecosystem Picks & Shovels Index ETF (NVPS) and Alger AI Enablers & Adopters ETF (ALAI) belong to the same industry segment: AI & Big Data. NVPS's top 3 sector exposures are Technology, Industrials and Finance. In contrast, ALAI's top sector exposures are Technology, Consumer Non-Cyclicals and Finance. NVPS is less expensive with a Total Expense Ratio (TER) of 0.75%, versus 1.68% for ALAI. Run a side-by-side ETF comparison of NVPS 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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NVPS vs ALAI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NVPS ALAI | -22.21%-20.73% | -14.63%-15.58% | n/a+4.41% | n/a+1.53% | n/an/a | n/an/a |
| Flows | NVPS ALAI | -+$1.42B | -$2M+$2.19B | -+$2.33B | -+$2.34B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NVPS ALAI | +38.36%+29.27% | n/a+27.82% | n/an/a | n/an/a |
| Max drawdown | NVPS ALAI | -22.21%-21.21% | n/a-21.21% | n/an/a | n/an/a |
| Max drawdown duration | NVPS ALAI | 30d30d | n/a30d | n/an/a | n/an/a |
Trading data
NVPS | ALAI | |
Last sale 11/6/2026 at 2:30 PM | $18.04 | $38.82 |
| Previous close 11/04/2026 | $17.07 | $37.89 |
| Consolidated volume 11/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
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ALAI
is actively managed and doesn’t replicate an indexNVPS | ALAI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/6/2026 at 2:30 PM
Live
Closed
NVPS | ALAI | |
|---|---|---|
| Last price | $18.04 | $38.82 |
| 1D performance | +5.68% | +2.45% |
| AuM | $2.33 M | $2.28 B |
| E/R | 0.75% | 1.68% |
Characteristics
NVPS | ALAI | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Exchange Traded Concepts | Fred Alger Management |
| Benchmark | Solactive Nvidia Ecosystem Picks & Shovels Index | - |
| N° of holdings | 40 | 58 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 17, 2026 | April 5, 2024 |
| ESG | No | No |
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Exposure
Countries
NVPS
USA
50.06%
Taiwan
18.35%
Republic of Korea
9.6%
Japan
8.91%
Other
13.08%
ALAI
USA
76.67%
Other
23.33%
Sectors
NVPS
Technology
79.9%
Industrials
11.95%
Other
8.15%
ALAI
Technology
70.57%
Other
29.43%
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Diversification
NVPS
Total weight of top 15 holdings out of 15
61.13%
ALAI
Total weight of top 15 holdings out of 15
65.52%
Top 15 holdings
Data as of September 30, 2026
NVPS
Taiwan Semiconductor Manufacturing Co., Ltd.
8.06%
SK hynix, Inc.
6.71%
Micron Technology, Inc.
6.12%
Vertiv Holdings Co.
5.86%
Super Micro Computer, Inc.
3.84%
ASML Holding NV
3.41%
Lam Research Corp.
3.33%
Schneider Electric SE
3.09%
Applied Materials, Inc.
3.03%
Marvell Technology, Inc.
3.01%
Eaton Corp. Plc
3.01%
Arista Networks, Inc.
2.98%
KLA Corp.
2.97%
Samsung Electronics Co., Ltd.
2.90%
Digital Realty Trust, Inc.
2.81%
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 NVPS and ALAI
Which ETF is bigger: NVPS or ALAI?
As of November 4, 2026, NVPS holds $2.33 M in assets under management (AUM), while ALAI manages $2.28 B.
What sectors do the NVPS and ALAI ETFs invest in?
NVPS leans toward sectors like Technology and Industrials. Meanwhile, ALAI focuses on Technology.
What are the top holdings of the NVPS ETF and ALAI ETF?
NVPS top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., SK hynix, Inc. and Micron Technology, Inc.. ALAI holds in its top three: NVIDIA Corp., Microsoft Corp. and Taiwan Semiconductor Manufacturing Co., Ltd..
Which ETF is more diversified: NVPS or ALAI?
NVPS holds 40 securities with 61.13% of its assets in the top 15. ALAI has 58 securities and a top 15 weight of 65.52%.
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