Data as of .
AIPO vs BAI: which is really different?
AIPO and BAI hold 16% of their weight in the same names, and BAI returned more over the year.
ETFIQ Off-Index Score: AIPO scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
16% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, AIPO and BAI hold 16% of their money in the same securities at the same weight.
| Holding | AIPO | BAI |
|---|---|---|
| Nvidia Corp | 4.04% | 5.31% |
| Broadcom Inc | 3.97% | 4.61% |
| Advanced Micro Devices Inc | 2.53% | 5.20% |
| Alphabet Inc | 4.30% | 2.47% |
| Bloom Energy Corp | 5.10% | 1.17% |
| Marvell Technology Inc | 0.81% | 2.48% |
| Cerebras Systems Inc | 0.37% | 0.44% |
| Coreweave Inc | 0.34% | 1.63% |
| Lattice Semiconductor Corp | 0.34% | 1.08% |
| Only in AIPO | Only in BAI |
|---|---|
| Eaton Corp Plc 8.31% | MICRON TECHNOLOGY 6.62% |
| Quanta Services Inc 8.25% | TAIWAN SEMICONDUCTOR MANUFACTURING 4.68% |
| Ge Vernova Inc 8.03% | LAM RESEARCH 3.85% |
| Vertiv Holdings Co 6.56% | SPACE EXPLORATION TECHNOLOGIES COR 3.05% |
| Cameco Corp 3.54% | INTEL CORPORATION 3.01% |
| Constellation Energy Corp 3.02% | SNOWFLAKE 2.97% |
| Nvent Electric Plc 1.98% | LUMENTUM HOLDINGS 2.84% |
| Hubbell Inc 1.83% | SANDISK 2.59% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 18, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| AIPO | BAI | AIPO | BAI | AIPO | BAI | |
| 3 months | −16.1% | −15.2% | −18.4 pts | −17.4 pts | −13.7 pts | −12.7 pts |
| 6 months | +15.1% | +34.8% | −2.9 pts | +16.8 pts | −9.1 pts | +10.6 pts |
| 1 year | +29.3% | +32.2% | +12.7 pts | +15.7 pts | +7.5 pts | +10.4 pts |
| Since launch | +40.1% | +83.4% | +18.9 pts | +49.9 pts | +12.1 pts | +36.7 pts |
| AIPO Defiance AI & Power Infrastructure ETF Holds 89 stocks in aI infrastructure and chips, 62% of its weight in S&P 500 companies | BAI iShares A.I. Innovation and Tech Active ETF Holds 55 stocks in artificial intelligence, 56% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Defiance | iShares |
| Theme | AI infrastructure and chips | Artificial intelligence |
| In the S&P 500 | 61.8% | 55.6% |
| Active share vs the S&P 500 | 86.1% | 76.4% |
| In the Nasdaq-100 | 20.6% | 50.0% |
| Holdings | 89 | 55 |
| Top ten, share of the fund | 55.1% | 42.2% |
| Expense ratio | 0.69% | 0.55% |
| Fee for the differing part | 0.80% | 0.72% |
| Total return, 1 year | +29.3% | +32.2% |
| vs the S&P 500 | +12.7 pts | +15.7 pts |
| vs the Nasdaq-100 | +7.5 pts | +10.4 pts |
| Below its high | −18.0% | −16.8% |
| Net assets | $915m | $14.4bn |
AIPO in plain words
By weight, 62% 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 55% of the fund across 89 positions, as published by its issuer for Sep 21, 2026. Over the year to Sep 18, 2026 the fund returned +29.3% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 12.7 pts. It sits 18.0% below its all-time high of Jun 22, 2026.
BAI in plain words
By weight, 56% of BAI'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 42% of the fund across 55 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +32.2% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 15.7 pts. It sits 16.8% below its all-time high of Jun 22, 2026.
Questions people ask
- Do AIPO and BAI hold the same stocks?
- By their latest filings, 16% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, AIPO or BAI?
- AIPO has 62% of its weight in S&P 500 names and BAI has 56%, so AIPO differs more from the index.
- Which is cheaper, AIPO or BAI?
- AIPO charges 0.69% a year and BAI charges 0.55%, so BAI is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, AIPO against BAI, data as of Sep 18, 2026. https://etfiq.com/compare/themes/aipo-vs-bai Free to use with attribution; the underlying files are at Open data.