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Data as of Nov 4, 2026.

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Thematic ETFs

AIPO vs AIUP: Holdings Overlap & Returns

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AIPO and AIUP hold 9% of their weight in the same names.

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Net assets: $831m on Nov 3, 2026 for Defiance AI & Power Infrastructure ETF, and $4.0m on Jun 30, 2026 for FINQ FIRST U.S. Large Cap AI-Managed Equity ETF.

AIPO on its own →AIUP on its own →
At a glance
67.6%
AIPO in the S&P 500
100.0%
AIUP in the S&P 500
−1.7%
AIPO total return, 1 year
−3.2%
AIUP total return, since launch, Feb 6, 2026
AIPO · 1 year to Nov 4, 2026 32% of its weight is outside the S&P 500
32% of its weight is outside the S&P 50068% of AIPO's weight is in S&P 500 companies and 32% is outside the index. Holdings as of Nov 4, 2026.68%32%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 86% · top ten 58% of the fund · 86 holdings as published by its issuer for Nov 4, 2026 · Nasdaq-100: 24% in32% of its weight is outside the S&P 50068% of AIPO's weight is in S&P 500 companies and 32% is outside the index. Holdings as of Nov 4, 2026.68%32%in the S&P 500outsideactive share 86% · Nasdaq-100: 24% in

68% of AIPO's weight is in S&P 500 companies and 32% is outside the index. Holdings as of Nov 4, 2026.

AIUP · 6 months to Nov 4, 2026 0% of its weight is outside the S&P 500
0% of its weight is outside the S&P 500100% of AIUP's weight is in S&P 500 companies and 0% is outside the index. Holdings as of Jun 30, 2026.100%0%of its weight in S&P 500 companies0% of its weight outside the S&P 500active share 76% · top ten 78% of the fund · 15 holdings as filed for Jun 30, 2026 · Nasdaq-100: 77% in0% of its weight is outside the S&P 500100% of AIUP's weight is in S&P 500 companies and 0% is outside the index. Holdings as of Jun 30, 2026.100%0%of its weight in S&P 500 companies0% of its weight outside the S&P 500active share 76% · Nasdaq-100: 77% in

100% of AIUP's weight is in S&P 500 companies and 0% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

AIPO costs 0.01 points a year less.

Points (pts) are percentage points.

AIPO vs AIUP: Holdings Overlap & Returns
MeasureAIPOAIUP
Return
Total return, 1 year−1.7%not published
Drawdown
Below its all-time high32.0%, high on Jun 22, 202627.4%, high on Sep 22, 2026
Against its benchmark
What it tracksAI infrastructure and chipsArtificial intelligence
Against the S&P 500, 1 yearbehind by 16.5 pts
Its benchmark, total return, 1 year+14.8%
Against its benchmark, 1 yearbehind by 16.5 pts
Cost and size
Expense ratio0.69%0.70%
Net assets, AIPO as of Nov 3, 2026 and AIUP as of Jun 30, 2026$831m$4.0m
Holdings
Holdings in common9%
ETFIQ S&P 500 Difference Score · AIPO scores higher How much of its weight does it not share with the S&P 500?
IQ Themes Score51.3AIPO25AIUP

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

0.4, the lowest in this set 99.6, the highest

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 →

Method

What they share

9%

By the books each fund has filed, AIPO and AIUP hold 9% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.

0 half 100%

half

9% in common

Positions both hold · largest shared weight first AIPO AIUP
Nvidia Corp 4.44% 15.46%
Alphabet Inc 4.33% 4.65%
Only in one fund ↓
Only in AIPO
Quanta Services Inc 9.16%
Ge Vernova Inc 8.67%
Eaton Corp Plc 8.42%
Vertiv Holdings Co 6.59%
Bloom Energy Corp 4.69%
Broadcom Inc 4.42%
Constellation Energy Corp 3.55%
Cameco Corp 3.39%
Only in AIUP
Meta Platforms Inc 14.88%
Amazon.com Inc 14.81%
AppLovin Corp 4.77%
Palo Alto Networks Inc 4.69%
Expand Energy Corp 4.65%
Microsoft Corp 4.64%
DoorDash Inc 4.60%
Visa Inc 4.60%
Check overlap with more funds →

Window by window

Window by window: AIPO vs AIUP: Holdings Overlap & Returns
Total returnvs its benchmark
WindowAIPOAIUPAIPOAIUP
3 months−21.5%−19.8%−21.4 pts vs VOO−19.7 pts vs VOO
6 months−29.0%−11.9%−34.0 pts vs VOO−16.9 pts vs VOO
1 year−1.7%–−16.5 pts vs VOO–
Since launchNot the same days: AIPO Jul 2025 · AIUP Feb 2026+16.2%−3.2%−5.9 pts vs VOO−15.1 pts vs VOO

– means no data for this window. Open this comparison in the app →

Side by side

AIPO Defiance AI & Power Infrastructure ETF · Holds 86 stocks in aI infrastructure and chips, 68% of its weight in S&P 500 companies AIUP FINQ FIRST U.S. Large Cap AI-Managed Equity ETF · Holds 15 stocks in artificial intelligence, 100% of its weight in S&P 500 companies
Issuer Defiance FINQ
Theme AI infrastructure and chips Artificial intelligence
In the S&P 500 67.6% 100.0%
Active share vs the S&P 500 85.7% 76.1%
In the Nasdaq-100 23.5% 77.3%
Holdings 86 15
Top ten, share of the fund 57.7% 77.7%
Expense ratio 0.69% 0.70%
Fee for the differing part 0.81% 0.92%
Total return, 1 year −1.7% −3.2% (since launch, Feb 6, 2026)
vs its benchmark −16.5 pts vs VOO −15.1 pts vs VOO (since launch, Feb 6, 2026)
Below its high −32.0% −27.4%
Net assets, AIPO as of Nov 3, 2026 and AIUP as of Jun 30, 2026 $831m $4.0m

As of Nov 4, 2026. Source: ETFIQ.

9% of the two portfolios are the same securities at the same weight.

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About each fund
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.

AIUP

By weight, 100% of AIUP's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 76%. The top ten holdings are 78% of the fund across 15 positions, as filed for Jun 30, 2026. Since it first traded on Feb 6, 2026 the fund returned −3.2% with distributions reinvested. It sits 27.4% below its all-time high of Sep 22, 2026.

Questions people ask

Do AIPO and AIUP hold the same stocks?
By their latest filings, 9% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, AIPO or AIUP?
AIPO has 68% of its weight in S&P 500 names and AIUP has 100%, so AIPO differs more from the index.
Which is cheaper, AIPO or AIUP?
AIPO charges 0.69% a year and AIUP charges 0.70%, so AIPO is cheaper. Fees come from each fund's prospectus.
Other comparisons
AIPO vs LQAIAIPO vs AIXAIPO vs KAITAIPO vs EPAIAIUP vs AIHYAIUP vs TCAIAIUP vs CHPXAIUP vs IVEP
Where to next
AIPO on its own →AIUP on its own →AIPO dividend history →AIPO holdings →AIUP holdings →Method →Standards and sources →
Sources and dates
AIPO filings on SEC EDGAR ↗
AIPO prospectus with the expense ratio (SEC) ↗
Defiance page for AIPO ↗
AIUP filings on SEC EDGAR ↗
AIUP prospectus with the expense ratio (SEC) ↗
FINQ website ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, AIPO against AIUP, data as of Nov 4, 2026. https://etfiq.com/compare/themes/aipo-vs-aiup

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.