OAIWvsALAIETF Comparison
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OpenAI Lab Ecosystem ETF (OAIW) and Alger AI Enablers & Adopters ETF (ALAI) belong to the same industry segment: AI & Big Data. OAIW's top 3 sector exposures are Technology, Utilities and Consumer Non-Cyclicals. In contrast, ALAI's top sector exposures are Technology, Consumer Non-Cyclicals and Finance. OAIW 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 OAIW 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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OAIW 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. | OAIW ALAI | -17.26%-12.07% | -21.38%-8.55% | n/a+12.69% | n/a+11.26% | n/an/a | n/an/a |
| Flows | OAIW ALAI | +$448K+$482M | +$6M+$1.35B | -+$1.49B | -+$1.50B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OAIW ALAI | +36.55%+30.98% | n/a+28.06% | n/an/a | n/an/a |
| Max drawdown | OAIW ALAI | -25.90%-21.21% | n/a-21.21% | n/an/a | n/an/a |
| Max drawdown duration | OAIW ALAI | 35d36d | n/a36d | n/an/a | n/an/a |
Trading data
OAIW | ALAI | |
Last sale 11/12/2026 at 2:30 PM | $20.19 | $39.82 |
| Previous close 11/11/2026 | $20.39 | $40.47 |
| 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
OAIW | ALAI | |
|---|---|---|
| Last price | $20.19 | $39.82 |
| 1D performance | -0.98% | -1.61% |
| AuM | $5.29 M | $1.60 B |
| E/R | 0.59% | 1.68% |
Characteristics
OAIW | ALAI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Harbor Capital | Fred Alger Management |
| Benchmark | - | - |
| N° of holdings | 22 | 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
OAIW
USA
66.87%
Other
33.13%
ALAI
USA
76.67%
Other
23.33%
Sectors
OAIW
Technology
53.13%
Utilities
8.81%
Other
38.07%
ALAI
Technology
70.57%
Other
29.43%
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Diversification
OAIW
Total weight of top 15 holdings out of 15
66.37%
ALAI
Total weight of top 15 holdings out of 15
65.52%
Top 15 holdings
Data as of September 30, 2026
OAIW
Microsoft Corp.
7.96%
Oracle Corp.
6.01%
Cerebras Systems, Inc.
5.98%
Amazon.com, Inc.
5.89%
NVIDIA Corp.
5.22%
Broadcom Inc.
4.61%
Taiwan Semiconductor Manufacturing Co., Ltd.
4.35%
The Southern Co.
4.30%
Bloom Energy Corp.
4.20%
Flex Ltd.
3.73%
Advanced Micro Devices, Inc.
3.10%
SK hynix, Inc.
3.07%
IREN Ltd.
2.78%
CoreWeave, Inc.
2.69%
Corning, Inc.
2.47%
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 OAIW and ALAI
Which ETF is bigger: OAIW or ALAI?
As of November 10, 2026, OAIW holds $5.29 M in assets under management (AUM), while ALAI manages $1.60 B.
What sectors do the OAIW and ALAI ETFs invest in?
OAIW leans toward sectors like Technology and Utilities. Meanwhile, ALAI focuses on Technology.
What are the top holdings of the OAIW ETF and ALAI ETF?
OAIW top holdings include Microsoft Corp., Oracle Corp. and Cerebras Systems, Inc.. ALAI holds in its top three: NVIDIA Corp., Microsoft Corp. and Taiwan Semiconductor Manufacturing Co., Ltd..
Which ETF is more diversified: OAIW or ALAI?
OAIW holds 22 securities with 66.37% of its assets in the top 15. ALAI has 58 securities and a top 15 weight of 65.52%.
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Latest news about OAIW & ALAI
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