Data as of .
AIPO vs FAI: which is really different?
AIPO and FAI hold 17% of their weight in the same names, and FAI 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
17% 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 FAI hold 17% of their money in the same securities at the same weight.
| Holding | AIPO | FAI |
|---|---|---|
| Alphabet Inc | 4.30% | 7.23% |
| Nvidia Corp | 4.04% | 8.49% |
| Broadcom Inc | 3.97% | 7.39% |
| Advanced Micro Devices Inc | 2.53% | 4.02% |
| Marvell Technology Inc | 0.81% | 3.19% |
| Nebius Group Nv | 0.46% | 0.70% |
| Astera Labs Inc | 0.41% | 0.68% |
| Coreweave Inc | 0.34% | 0.45% |
| Only in AIPO | Only in FAI |
|---|---|
| Eaton Corp Plc 8.31% | Microsoft Corporation 9.42% |
| Quanta Services Inc 8.25% | Amazon.com, Inc. 7.78% |
| Ge Vernova Inc 8.03% | Palantir Technologies Inc. (Class A) 5.12% |
| Vertiv Holdings Co 6.56% | Meta Platforms, Inc. (Class A) 4.25% |
| Bloom Energy Corp 5.10% | Oracle Corporation 3.92% |
| Cameco Corp 3.54% | Micron Technology, Inc. 3.88% |
| Constellation Energy Corp 3.02% | Taiwan Semiconductor Manufacturing Company Ltd. 3.77% |
| Nvent Electric Plc 1.98% | ASML Holding N.V. 3.31% |
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 | FAI | AIPO | FAI | AIPO | FAI | |
| 3 months | −16.1% | −0.5% | −18.4 pts | −2.7 pts | −13.7 pts | +2.0 pts |
| 6 months | +15.1% | +44.6% | −2.9 pts | +26.6 pts | −9.1 pts | +20.4 pts |
| 1 year | +29.3% | +38.0% | +12.7 pts | +21.4 pts | +7.5 pts | +16.2 pts |
| Since launch | +40.1% | +82.5% | +18.9 pts | +51.2 pts | +12.1 pts | +38.3 pts |
| AIPO Defiance AI & Power Infrastructure ETF Holds 89 stocks in aI infrastructure and chips, 62% of its weight in S&P 500 companies | FAI First Trust Bloomberg Artificial Intelligence ETF Holds 54 stocks in artificial intelligence, 77% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Defiance | First Trust |
| Theme | AI infrastructure and chips | Artificial intelligence |
| In the S&P 500 | 61.8% | 76.9% |
| Active share vs the S&P 500 | 86.1% | 70.0% |
| In the Nasdaq-100 | 20.6% | 73.5% |
| Holdings | 89 | 54 |
| Top ten, share of the fund | 55.1% | 61.5% |
| Expense ratio | 0.69% | 0.65% |
| Fee for the differing part | 0.80% | 0.93% |
| Total return, 1 year | +29.3% | +38.0% |
| vs the S&P 500 | +12.7 pts | +21.4 pts |
| vs the Nasdaq-100 | +7.5 pts | +16.2 pts |
| Below its high | −18.0% | −4.8% |
| Net assets | $915m | $190m |
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.
FAI in plain words
By weight, 77% of FAI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 70%. The top ten holdings are 62% of the fund across 54 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +38.0% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 21.4 pts.
Questions people ask
- Do AIPO and FAI hold the same stocks?
- By their latest filings, 17% 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 FAI?
- AIPO has 62% of its weight in S&P 500 names and FAI has 77%, so AIPO differs more from the index.
- Which is cheaper, AIPO or FAI?
- AIPO charges 0.69% a year and FAI charges 0.65%, so FAI 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 FAI, data as of Sep 18, 2026. https://etfiq.com/compare/themes/aipo-vs-fai Free to use with attribution; the underlying files are at Open data.