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 09/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NVPS ALAI | -0.61%+1.85% | -15.59%-2.14% | n/a+25.86% | n/a+25.41% | n/an/a | n/an/a |
| Flows | NVPS ALAI | -$2M+$640M | +$3M+$844M | -+$917M | -+$1.03B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NVPS ALAI | +55.92%+26.72% | n/a+26.01% | n/an/a | n/an/a |
| Max drawdown | NVPS ALAI | -32.12%-13.47% | n/a-18.30% | n/an/a | n/an/a |
| Max drawdown duration | NVPS ALAI | 88d89d | n/a169d | n/an/a | n/an/a |
Trading data
NVPS | ALAI | |
Last sale 9/21/2026 at 1:30 PM | $23.64 | $46.96 |
| Previous close 09/21/2026 | $22.87 | $45.73 |
| Consolidated volume 09/21/2026 | ||
| 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 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 9/21/2026 at 1:30 PM
Live
Closed
NVPS | ALAI | |
|---|---|---|
| Last price | $23.64 | $46.96 |
| 1D performance | +3.37% | +2.69% |
| AuM | $2.74 M | $1.30 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 | 62 |
| 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
50.81%
Taiwan
15.47%
Republic of Korea
12.78%
Japan
9.35%
Other
11.59%
ALAI
USA
70.26%
Other
29.74%
Sectors
NVPS
Technology
81.84%
Industrials
10.4%
Other
7.75%
ALAI
Technology
63.35%
Consumer Non-Cycl.
8.24%
Other
28.41%
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Diversification
NVPS
Total weight of top 15 holdings out of 15
63.78%
ALAI
Total weight of top 15 holdings out of 15
59.46%
Top 15 holdings
Data as of July 31, 2026
NVPS
SK hynix, Inc.
10.44%
Micron Technology, Inc.
8.95%
Taiwan Semiconductor Manufacturing Co., Ltd.
7.07%
Vertiv Holdings Co.
5.37%
Applied Materials, Inc.
3.60%
Marvell Technology, Inc.
3.46%
Lam Research Corp.
3.19%
ASML Holding NV
3.08%
KLA Corp.
2.94%
Arista Networks, Inc.
2.73%
Schneider Electric SE
2.68%
Super Micro Computer, Inc.
2.67%
TOKYO OHKA KOGYO CO., LTD.
2.64%
Dell Technologies, Inc.
2.49%
Tokyo Electron Ltd.
2.47%
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%
Frequently asked questions about NVPS and ALAI
Which ETF is bigger: NVPS or ALAI?
As of September 18, 2026, NVPS holds $2.74 M in assets under management (AUM), while ALAI manages $1.30 B.
What sectors do the NVPS and ALAI ETFs invest in?
NVPS leans toward sectors like Technology and Industrials. Meanwhile, ALAI focuses on Technology and Consumer Non-Cyclicals.
What are the top holdings of the NVPS ETF and ALAI ETF?
NVPS top holdings include SK hynix, Inc., Micron Technology, Inc. and Taiwan Semiconductor Manufacturing Co., Ltd.. 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 63.78% of its assets in the top 15. ALAI has 63 securities and a top 15 weight of 59.46%.
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