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Data as of Nov 4, 2026.

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Thematic ETFs

AIHY vs ALAI: Holdings Overlap & Returns

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AIHY and ALAI are compared on the fields both publish.

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Net assets: $16m on Nov 3, 2026 for Defiance AI Hyperscale Leaders ETF, and $451m on Jun 30, 2026 for Alger AI Enablers & Adopters ETF.

AIHY on its own →ALAI on its own →
At a glance
AIHY · 3 months to Nov 4, 2026 Holdings are gross exposure, not a portfolio
Holdings are gross exposure, not a portfolioAIHY's holdings are gross exposure rather than a portfolio, so no S&P 500 share is published. Holdings as of Nov 4, 2026.holdings not yet filedHoldings are gross exposure, not a portfolioAIHY's holdings are gross exposure rather than a portfolio, so no S&P 500 share is published. Holdings as of Nov 4, 2026.holdings not yet filed

AIHY's holdings are gross exposure rather than a portfolio, so no S&P 500 share is published. Holdings as of Nov 4, 2026.

ALAI · 1 year to Nov 4, 2026 40% of its weight is outside the S&P 500
40% of its weight is outside the S&P 50060% of ALAI's weight is in S&P 500 companies and 40% is outside the index. Holdings as of Jun 30, 2026.60%40%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 65% · top ten 52% of the fund · 79 holdings as filed for Jun 30, 2026 · Nasdaq-100: 63% in40% of its weight is outside the S&P 50060% of ALAI's weight is in S&P 500 companies and 40% is outside the index. Holdings as of Jun 30, 2026.60%40%in the S&P 500outsideactive share 65% · Nasdaq-100: 63% in

60% of ALAI's weight is in S&P 500 companies and 40% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

ALAI costs 0.18 points a year less.

Points (pts) are percentage points.

AIHY vs ALAI: Holdings Overlap & Returns
MeasureAIHYALAI
Return
Total return, 1 yearnot published+9.9%
Drawdown
Below its all-time high8.2%, high on Oct 13, 202615.2%, high on Oct 6, 2026
Against its benchmark
What it tracksAI infrastructure and chipsArtificial intelligence
Against the S&P 500, 1 yearbehind by 4.9 pts
Its benchmark, total return, 1 year+14.8%
Against its benchmark, 1 yearbehind by 4.9 pts
Cost and size
Expense ratio0.76%0.58%
Net assets, AIHY as of Nov 3, 2026 and ALAI as of Jun 30, 2026$16m$451m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: AIHY vs ALAI: Holdings Overlap & Returns
Total returnvs its benchmark
WindowAIHYALAIAIHYALAI
3 months+0.4%−9.3%not measured−9.2 pts vs VOO
6 months–−3.5%–−8.5 pts vs VOO
1 year–+9.9%–−4.9 pts vs VOO
Since launchNot the same days: AIHY Jul 2026 · ALAI Apr 2024+5.4%+107.2%not measured+54.7 pts vs VOO

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Side by side

AIHY Defiance AI Hyperscale Leaders ETF · Holds 12 stocks in aI infrastructure and chips ALAI Alger AI Enablers & Adopters ETF · Holds 79 stocks in artificial intelligence, 60% of its weight in S&P 500 companies
Issuer Defiance Alger
Theme AI infrastructure and chips Artificial intelligence
In the S&P 500 not published 60.0%
Active share vs the S&P 500 not published 65.2%
In the Nasdaq-100 not published 62.8%
Holdings 12 79
Top ten, share of the fund not published 52.3%
Expense ratio 0.76% 0.58%
Fee for the differing part not published 0.89%
Total return, 1 year +5.4% (since launch, Jul 21, 2026) +9.9%
vs its benchmark not measured −4.9 pts vs VOO
Below its high −8.2% −15.2%
Net assets, AIHY as of Nov 3, 2026 and ALAI as of Jun 30, 2026 $16m $451m

As of Nov 4, 2026. Source: ETFIQ.

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About each fund
AIHY

AIHY holds 12 positions, as published by its issuer for Nov 4, 2026, and the book is gross exposure rather than a portfolio. Since it first traded on Jul 21, 2026 the fund returned +5.4% with distributions reinvested. It sits 8.2% below its all-time high of Oct 13, 2026.

ALAI

By weight, 60% of ALAI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 65%. The top ten holdings are 52% of the fund across 79 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned +9.9% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 4.9 pts. It sits 15.2% below its all-time high of Oct 6, 2026.

Questions people ask

Which is cheaper, AIHY or ALAI?
AIHY charges 0.76% a year and ALAI charges 0.58%, so ALAI is cheaper. Fees come from each fund's prospectus.
Other comparisons
AIHY vs THNQAIHY vs KOIDAIHY vs WTAIAIHY vs AGIXALAI vs AINFALAI vs AIPOALAI vs CGPTALAI vs CHPX
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →AIHY on its own →ALAI on its own →AIHY holdings →ALAI dividend history →ALAI holdings →Method →Standards and sources →
Sources and dates
AIHY filings on SEC EDGAR ↗
AIHY prospectus with the expense ratio (SEC) ↗
Defiance page for AIHY ↗
ALAI filings on SEC EDGAR ↗
ALAI prospectus with the expense ratio (SEC) ↗
Alger website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, AIHY against ALAI, data as of Nov 4, 2026. https://etfiq.com/compare/themes/aihy-vs-alai

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