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Data as of Nov 4, 2026.

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Thematic ETFs

AIPO vs EPAI: Holdings Overlap & Returns

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AIPO and EPAI hold 10% of their weight in the same names.

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Net assets on Nov 3, 2026: $831m for Defiance AI & Power Infrastructure ETF and $5.0m for Harbor AI Inflection Strategy ETF.

AIPO on its own →EPAI on its own →
At a glance
67.6%
AIPO in the S&P 500
59.2%
EPAI in the S&P 500
−1.7%
AIPO total return, 1 year
+20.3%
EPAI total return, since launch, Dec 18, 2025
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.

EPAI · 6 months to Nov 4, 2026 41% of its weight is outside the S&P 500
41% of its weight is outside the S&P 50059% of EPAI's weight is in S&P 500 companies and 41% is outside the index. Holdings as of Jul 31, 2026.59%41%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 96% · top ten 37% of the fund · 37 holdings as filed for Jul 31, 2026 · Nasdaq-100: 25% in41% of its weight is outside the S&P 50059% of EPAI's weight is in S&P 500 companies and 41% is outside the index. Holdings as of Jul 31, 2026.59%41%in the S&P 500outsideactive share 96% · Nasdaq-100: 25% in

59% of EPAI's weight is in S&P 500 companies and 41% is outside the index. Holdings as of Jul 31, 2026.

Pair scorecard

AIPO costs 0.19 points a year less; AIPO is far larger, $831m against $5.0m.

Points (pts) are percentage points.

AIPO vs EPAI: Holdings Overlap & Returns
MeasureAIPOEPAI
Return
Total return, 1 year−1.7%not published
Drawdown
Below its all-time high32.0%, high on Jun 22, 202625.1%, high on Jun 30, 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%0.88%
Net assets, as of Nov 3, 2026$831m$5.0m
Holdings
Holdings in common10%
ETFIQ S&P 500 Difference Score · EPAI scores higher How much of its weight does it not share with the S&P 500?
IQ Themes Score51.3AIPO71.9EPAI

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

10%

By the books each fund has filed, AIPO and EPAI hold 10% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 4, 2026.

0 half 100%

half

10% in common

Positions both hold · largest shared weight first AIPO EPAI
Vertiv Holdings Co 6.59% 3.60%
Eaton Corp Plc 8.42% 2.81%
Ge Vernova Inc 8.67% 2.41%
Mastec Inc 1.04% 2.62%
Digital Realty Trust Inc 0.51% 2.40%
Only in one fund ↓
Only in AIPO
Quanta Services Inc 9.16%
Bloom Energy Corp 4.69%
Nvidia Corp 4.44%
Broadcom Inc 4.42%
Alphabet Inc 4.33%
Constellation Energy Corp 3.55%
Cameco Corp 3.39%
Advanced Micro Devices Inc 2.70%
Only in EPAI
Applied Materials Inc 4.85%
Teradyne Inc 4.67%
Lam Research Corp 3.81%
Taiwan Semiconductor Manufacturing Co Ltd 3.80%
ASML Holding NV 3.68%
Flex Ltd 3.42%
Monolithic Power Systems Inc 3.37%
FormFactor Inc 3.20%
Check overlap with more funds →

Window by window

Window by window: AIPO vs EPAI: Holdings Overlap & Returns
Total returnvs its benchmark
WindowAIPOEPAIAIPOEPAI
3 months−21.5%−13.5%−21.4 pts vs VOOnot measured
6 months−29.0%−17.3%−34.0 pts vs VOOnot measured
1 year−1.7%–−16.5 pts vs VOO–
Since launchNot the same days: AIPO Jul 2025 · EPAI Dec 2025+16.2%+20.3%−5.9 pts vs VOOnot measured

– 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 EPAI Harbor AI Inflection Strategy ETF · Holds 37 stocks in artificial intelligence, 59% of its weight in S&P 500 companies
Issuer Defiance Harbor
Theme AI infrastructure and chips Artificial intelligence
In the S&P 500 67.6% 59.2%
Active share vs the S&P 500 85.7% 95.6%
In the Nasdaq-100 23.5% 24.6%
Holdings 86 37
Top ten, share of the fund 57.7% 37.4%
Expense ratio 0.69% 0.88%
Fee for the differing part 0.81% 0.92%
Total return, 1 year −1.7% +20.3% (since launch, Dec 18, 2025)
vs its benchmark −16.5 pts vs VOO not measured
Below its high −32.0% −25.1%
Net assets, as of Nov 3, 2026 $831m $5.0m

As of Nov 4, 2026. Source: ETFIQ.

10% 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.

EPAI

By weight, 59% of EPAI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 96%. The top ten holdings are 37% of the fund across 37 positions, as filed for Jul 31, 2026. Since it first traded on Dec 18, 2025 the fund returned +20.3% with distributions reinvested. It sits 25.1% below its all-time high of Jun 30, 2026.

Questions people ask

Do AIPO and EPAI hold the same stocks?
By their latest filings, 10% 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 EPAI?
AIPO has 68% of its weight in S&P 500 names and EPAI has 59%, so EPAI differs more from the index.
Which is cheaper, AIPO or EPAI?
AIPO charges 0.69% a year and EPAI charges 0.88%, so AIPO is cheaper. Fees come from each fund's prospectus.
Other comparisons
AIPO vs KAITAIPO vs AIUPAIPO vs XAAIPO vs LQAIEPAI vs AIHYEPAI vs TCAIEPAI vs CHPXEPAI vs IVEP
Where to next
AIPO on its own →EPAI on its own →AIPO dividend history →AIPO holdings →EPAI holdings →Method →Standards and sources →
Sources and dates
AIPO filings on SEC EDGAR ↗
AIPO prospectus with the expense ratio (SEC) ↗
Defiance page for AIPO ↗
EPAI filings on SEC EDGAR ↗
EPAI prospectus with the expense ratio (SEC) ↗
Harbor page for EPAI ↗

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 EPAI, data as of Nov 4, 2026. https://etfiq.com/compare/themes/aipo-vs-epai

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