Data as of Nov 4, 2026.
AIPO vs AIS: Holdings Overlap & Returns
Over the year to Nov 4, 2026, AIPO returned −1.7% to AIS's +44.0%; 14% of their weight is in the same names.
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Net assets: $831m on Nov 3, 2026 for Defiance AI & Power Infrastructure ETF, and $940m on Nov 4, 2026 for VistaShares Artificial Intelligence Supercycle ETF.
68% of AIPO's weight is in S&P 500 companies and 32% is outside the index. Holdings as of Nov 4, 2026.
41% of AIS's weight is in S&P 500 companies and 60% is outside the index. Holdings as of Nov 4, 2026.
Pair scorecard
AIPO costs 0.06 points a year less; their one-year returns differ by 45.7 points; AIS is 1.2 times larger.
Points (pts) are percentage points.
| Measure | AIPO | AIS |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.7% | +44.0% |
| Drawdown | ||
| Below its all-time high | 32.0%, high on Jun 22, 2026 | 37.0%, high on Jun 22, 2026 |
| Against its benchmark | ||
| What it tracks | AI infrastructure and chips | Artificial intelligence |
| Against the S&P 500, 1 year | behind by 16.5 pts | ahead by 29.2 pts |
| Its benchmark, total return, 1 year | +14.8% | +14.8% |
| Against its benchmark, 1 year | behind by 16.5 pts | ahead by 29.2 pts |
| Cost and size | ||
| Expense ratio | 0.69% | 0.75% |
| Net assets, as of Nov 3, 2026 | $831m | $977m |
| Holdings | ||
| Holdings in common | 14% | |
Risk and return
Aug 1, 2025 to Oct 30, 2026 · 65 weekly returns · each against VOOFrom Aug 2025 to Oct 2026, AIS returned more: +105.6% to +22.4%. AIPO swung less: 28.6% to 40.5%. AIPO fell slightly less at its worst: −29.3% to −30.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | AIPO | AIS | VOO | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +22.4% | +105.6% | AIS | Price change plus distributions, reinvested. | |
| Annualized | +17.5% | +78.0% | AIS | Total return as a yearly rate. | |
| Price return | +22.3% | +105.6% | AIS | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 28.6% | 40.5% | AIPO | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 19.9% | 26.7% | AIPO | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −29.3% | −30.4% | AIPO (slight) | Deepest fall from a high to the low after it. | |
| Upside capture | 155.8% | Not measured | 100.0% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 138.1% | 159.5% | 100.0% | AIPO | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.53 | 2.35 | 1.00 | AIPO lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.38 | 0.45 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.57 | 1.54 | AIS | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.83 | 2.34 | AIS | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.107 | 0.265 | 0.136 | AIS | Return above Treasury bills per unit of beta. |
| Calmar | 0.60 | 2.57 | AIS | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | VOO | VOO | VOO | The ETF each fund is measured against. | |
| Alpha | −4.4% a year | +30.3% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.21 | 1.10 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −45.7% to +36.8% | −24.8% to +85.4% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.12 | 1.44 | AIS | Return against its benchmark per unit of tracking error. | |
| Tracking error | 23.4% | 33.9% | 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, AIPO and AIS hold 14% of their money in the same securities at the same weight. Holdings dated Nov 4, 2026.
half
14% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | AIPO | AIS | AIPO | AIS |
| 3 months | −21.5% | −18.7% | −21.4 pts vs VOO | −18.6 pts vs VOO |
| 6 months | −29.0% | −15.7% | −34.0 pts vs VOO | −20.7 pts vs VOO |
| 1 year | −1.7% | +44.0% | −16.5 pts vs VOO | +29.2 pts vs VOO |
| Since launchNot the same days: AIPO Jul 2025 · AIS Dec 2024 | +16.2% | +122.2% | −5.9 pts vs VOO | +92.2 pts vs VOO |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
14% of the two portfolios are the same securities at the same weight.
Client brief:
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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.
AIS
By weight, 40% of AIS's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 88%. The top ten holdings are 44% of the fund across 57 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned +44.0% with distributions reinvested against +14.8% for its benchmark, the S&P 500 TR, so a holder was ahead by 29.2 pts. It sits 37.0% below its all-time high of Jun 22, 2026.
Questions people ask
- Do AIPO and AIS hold the same stocks?
- By their latest filings, 14% 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
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, AIPO against AIS, data as of Nov 4, 2026. https://etfiq.com/compare/themes/aipo-vs-ais
ETFIQ. (Nov 4, 2026). AIPO against AIS. Retrieved from https://etfiq.com/compare/themes/aipo-vs-ais
[AIPO against AIS (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/aipo-vs-ais)
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