Data as of .
AIPO vs CHAT: which is really different?
AIPO and CHAT hold 19% of their weight in the same names, and CHAT 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
19% 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 CHAT hold 19% of their money in the same securities at the same weight.
| Holding | AIPO | CHAT |
|---|---|---|
| Alphabet Inc | 4.30% | 5.69% |
| Nvidia Corp | 4.04% | 6.92% |
| Advanced Micro Devices Inc | 2.53% | 3.14% |
| Broadcom Inc | 3.97% | 2.53% |
| Vertiv Holdings Co | 6.56% | 2.12% |
| Marvell Technology Inc | 0.81% | 1.40% |
| Arm Holdings Plc | 0.46% | 2.63% |
| Nebius Group Nv | 0.46% | 3.02% |
| Astera Labs Inc | 0.41% | 2.86% |
| Cerebras Systems Inc | 0.37% | 1.07% |
| Coreweave Inc | 0.34% | 2.27% |
| First American Government Obligations Fund 12/01/2031 | 0.25% | 0.84% |
| Only in AIPO | Only in CHAT |
|---|---|
| Eaton Corp Plc 8.31% | SK hynix Inc 4.40% |
| Quanta Services Inc 8.25% | Microsoft Corp 3.72% |
| Ge Vernova Inc 8.03% | Amazon.com Inc 3.42% |
| Bloom Energy Corp 5.10% | ASML Holding NV 3.27% |
| Cameco Corp 3.54% | Micron Technology Inc 3.09% |
| Constellation Energy Corp 3.02% | SoftBank Group Corp 2.78% |
| Nvent Electric Plc 1.98% | Coherent Corp 2.55% |
| Hubbell Inc 1.83% | Samsung Electronics Co Ltd 2.49% |
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 | CHAT | AIPO | CHAT | AIPO | CHAT | |
| 3 months | −16.1% | −12.2% | −18.4 pts | −14.5 pts | −13.7 pts | −9.8 pts |
| 6 months | +15.1% | +43.6% | −2.9 pts | +25.6 pts | −9.1 pts | +19.4 pts |
| 1 year | +29.3% | +52.0% | +12.7 pts | +35.5 pts | +7.5 pts | +30.3 pts |
| 3 years | not published | +237.0% | not published | +158.6 pts | not published | +138.8 pts |
| Since launch | +40.1% | +256.5% | +18.9 pts | +166.8 pts | +12.1 pts | +138.6 pts |
| AIPO Defiance AI & Power Infrastructure ETF Holds 89 stocks in aI infrastructure and chips, 62% of its weight in S&P 500 companies | CHAT Roundhill Generative AI & Technology ETF Holds 47 stocks in artificial intelligence, 48% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Defiance | Roundhill |
| Theme | AI infrastructure and chips | Artificial intelligence |
| In the S&P 500 | 61.8% | 47.9% |
| Active share vs the S&P 500 | 86.1% | 72.1% |
| In the Nasdaq-100 | 20.6% | 44.1% |
| Holdings | 89 | 47 |
| Top ten, share of the fund | 55.1% | 39.5% |
| Expense ratio | 0.69% | 0.75% |
| Fee for the differing part | 0.80% | 1.04% |
| Total return, 1 year | +29.3% | +52.0% |
| vs the S&P 500 | +12.7 pts | +35.5 pts |
| vs the Nasdaq-100 | +7.5 pts | +30.3 pts |
| Below its high | −18.0% | −13.7% |
| Net assets | $915m | $1.8bn |
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.
CHAT in plain words
By weight, 48% of CHAT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 72%. The top ten holdings are 40% of the fund across 47 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +52.0% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 35.5 pts. It sits 13.7% below its all-time high of Jun 22, 2026.
Questions people ask
- Do AIPO and CHAT hold the same stocks?
- By their latest filings, 19% 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 CHAT?
- AIPO has 62% of its weight in S&P 500 names and CHAT has 48%, so AIPO differs more from the index.
- Which is cheaper, AIPO or CHAT?
- AIPO charges 0.69% a year and CHAT charges 0.75%, so AIPO 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 CHAT, data as of Sep 18, 2026. https://etfiq.com/compare/themes/aipo-vs-chat Free to use with attribution; the underlying files are at Open data.