Data as of Nov 4, 2026.
AGIX vs AIPO: Holdings Overlap & Returns
Over the year to Nov 4, 2026, AGIX returned +8.2% to AIPO's −1.7%; 15% of their weight is in the same names.
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Net assets: $680m on Nov 4, 2026 for KraneShares Public-Private AI & Technology ETF, and $831m on Nov 3, 2026 for Defiance AI & Power Infrastructure ETF.
54% of AGIX's weight is in S&P 500 companies and 46% is outside the index. Holdings as of Nov 4, 2026.
68% of AIPO's weight is in S&P 500 companies and 32% is outside the index. Holdings as of Nov 4, 2026.
Pair scorecard
AIPO costs 0.31 points a year less; their one-year returns differ by 9.9 points; AIPO is 1.2 times larger.
Points (pts) are percentage points.
| Measure | AGIX | AIPO |
|---|---|---|
| Return | ||
| Total return, 1 year | +8.2% | −1.7% |
| Drawdown | ||
| Below its all-time high | 17.9%, high on Oct 6, 2026 | 32.0%, high on Jun 22, 2026 |
| Against its benchmark | ||
| What it tracks | Artificial intelligence | AI infrastructure and chips |
| Against the S&P 500, 1 year | behind by 6.6 pts | behind by 16.5 pts |
| Its benchmark, total return, 1 year | +14.8% | +14.8% |
| Against its benchmark, 1 year | behind by 6.6 pts | behind by 16.5 pts |
| Cost and size | ||
| Expense ratio | 1.00% | 0.69% |
| Net assets, as of Nov 3, 2026 | $691m | $831m |
| Holdings | ||
| Holdings in common | 15% | |
How different its holdings are from the S&P 500, ranked against 114 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed
Weight not shared with the S&P 500 only; it says nothing about returns, fees or whether the theme pays off. All thematic ETFs ranked by it →
Risk and return
Aug 1, 2025 to Oct 30, 2026 · 65 weekly returns · each against VOOFrom Aug 2025 to Oct 2026, AGIX returned more: +34.2% to +22.4%. AGIX swung slightly less: 27.1% to 28.6%. AGIX fell less at its worst: −18.3% to −29.3%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | AGIX | AIPO | VOO | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +34.2% | +22.4% | AGIX | Price change plus distributions, reinvested. | |
| Annualized | +26.5% | +17.5% | AGIX | Total return as a yearly rate. | |
| Price return | +32.6% | +22.3% | AGIX | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 27.1% | 28.6% | AGIX (slight) | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 18.2% | 19.9% | AGIX (slight) | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −18.3% | −29.3% | AGIX | Deepest fall from a high to the low after it. | |
| Upside capture | 273.1% | 155.8% | 100.0% | AGIX | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 164.1% | 138.1% | 100.0% | AIPO | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.91 | 1.53 | 1.00 | AIPO lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.66 | 0.38 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.86 | 0.57 | AGIX | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.28 | 0.83 | AGIX | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.122 | 0.107 | 0.136 | AGIX | Return above Treasury bills per unit of beta. |
| Calmar | 1.45 | 0.60 | AGIX | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | VOO | VOO | VOO | The ETF each fund is measured against. | |
| Alpha | −2.7% a year | −4.4% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.18 | −0.21 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −31.6% to +26.3% | −45.7% to +36.8% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.51 | 0.12 | AGIX | Return against its benchmark per unit of tracking error. | |
| Tracking error | 19.0% | 23.4% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 65 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, AGIX and AIPO hold 15% of their money in the same securities at the same weight. Holdings dated Nov 4, 2026.
half
15% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | AGIX | AIPO | AGIX | AIPO |
| 3 months | −8.7% | −21.5% | −8.6 pts vs VOO | −21.4 pts vs VOO |
| 6 months | −6.4% | −29.0% | −11.4 pts vs VOO | −34.0 pts vs VOO |
| 1 year | +8.2% | −1.7% | −6.6 pts vs VOO | −16.5 pts vs VOO |
| Since launchNot the same days: AGIX Jul 2024 · AIPO Jul 2025 | +67.2% | +16.2% | +24.6 pts vs VOO | −5.9 pts vs VOO |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
15% of the two portfolios are the same securities at the same weight.
Client brief:
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AGIX
By weight, 54% of AGIX's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 69%. The top ten holdings are 31% of the fund across 67 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned +8.2% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 6.6 pts. It sits 17.9% below its all-time high of Oct 6, 2026.
AIPO
By weight, 68% of AIPO's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 86%. The top ten holdings are 58% of the fund across 86 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned −1.7% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Total Return Index, so a holder was behind by 16.5 pts. It sits 32.0% below its all-time high of Jun 22, 2026.
Questions people ask
- Do AGIX and AIPO hold the same stocks?
- By their latest filings, 15% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
It is a place in a set, not a rating or a recommendation.
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, AGIX against AIPO, data as of Nov 4, 2026. https://etfiq.com/compare/themes/agix-vs-aipo
ETFIQ. (Nov 4, 2026). AGIX against AIPO. Retrieved from https://etfiq.com/compare/themes/agix-vs-aipo
[AGIX against AIPO (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/agix-vs-aipo)
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