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Data as of Nov 4, 2026.

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Thematic ETFs

AIPO vs HLTH: Holdings Overlap & Returns

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AIPO and HLTH hold 0% 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 $12m for Tema Healthcare AI ETF.

AIPO on its own →HLTH on its own →
At a glance
67.6%
AIPO in the S&P 500
23.9%
HLTH in the S&P 500
−1.7%
AIPO total return, 1 year
+13.6%
HLTH total return, since launch, Jul 21, 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.

HLTH · 3 months to Nov 4, 2026 76% of its weight is outside the S&P 500
76% of its weight is outside the S&P 50024% of HLTH's weight is in S&P 500 companies and 76% is outside the index. Holdings as of Nov 3, 2026.24%76%in the S&P 500of its weight outside the S&P 500active share 99% · top ten 50% of the fund · 32 holdings as published by its issuer for Nov 3, 2026 · Nasdaq-100: 15% in76% of its weight is outside the S&P 50024% of HLTH's weight is in S&P 500 companies and 76% is outside the index. Holdings as of Nov 3, 2026.24%76%inoutside the S&P 500active share 99% · Nasdaq-100: 15% in

24% of HLTH's weight is in S&P 500 companies and 76% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

AIPO costs 0.06 points a year less; AIPO is far larger, $831m against $12m.

Points (pts) are percentage points.

AIPO vs HLTH: Holdings Overlap & Returns
MeasureAIPOHLTH
Return
Total return, 1 year−1.7%not published
Drawdown
Below its all-time high32.0%, high on Jun 22, 20265.9%, high on Oct 5, 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%0.75%
Net assets, as of Nov 3, 2026$831m$12m
Holdings
Holdings in common0%

Method

What they share

0%

By the books each fund has filed, AIPO and HLTH hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first AIPO HLTH
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%
Nvidia Corp 4.44%
Broadcom Inc 4.42%
Alphabet Inc 4.33%
Only in HLTH
10X GENOMICS INC 5.87%
INTUITIVE SURGICAL INC 5.82%
REVOLUTION MEDICINES INC 5.06%
NATERA INC 4.98%
THERMO FISHER SCIENTIFIC INC 4.92%
TWIST BIOSCIENCE CORP 4.86%
CYTOKINETICS INC 4.84%
VERTEX PHARMACEUTICALS INC 4.70%
Check overlap with more funds →

Window by window

Window by window: AIPO vs HLTH: Holdings Overlap & Returns
Total returnvs its benchmark
WindowAIPOHLTHAIPOHLTH
3 months−21.5%+7.7%−21.4 pts vs VOOnot measured
6 months−29.0%–−34.0 pts vs VOO–
1 year−1.7%–−16.5 pts vs VOO–
Since launchNot the same days: AIPO Jul 2025 · HLTH Jul 2026+16.2%+13.6%−5.9 pts vs VOOnot measured

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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 HLTH Tema Healthcare AI ETF · Holds 32 stocks in artificial intelligence, 24% of its weight in S&P 500 companies
Issuer Defiance Tema
Theme AI infrastructure and chips Artificial intelligence
In the S&P 500 67.6% 23.9%
Active share vs the S&P 500 85.7% 99.2%
In the Nasdaq-100 23.5% 14.6%
Holdings 86 32
Top ten, share of the fund 57.7% 50.1%
Expense ratio 0.69% 0.75%
Fee for the differing part 0.81% 0.76%
Total return, 1 year −1.7% +13.6% (since launch, Jul 21, 2026)
vs its benchmark −16.5 pts vs VOO not measured
Below its high −32.0% −5.9%
Net assets, as of Nov 3, 2026 $831m $12m

As of Nov 4, 2026. Source: ETFIQ.

0% 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.

HLTH

By weight, 24% of HLTH's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 50% of the fund across 32 positions, as published by its issuer for Nov 3, 2026. Since it first traded on Jul 21, 2026 the fund returned +13.6% with distributions reinvested. It sits 5.9% below its all-time high of Oct 5, 2026.

Questions people ask

Do AIPO and HLTH hold the same stocks?
By their latest filings, 0% 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 HLTH?
AIPO has 68% of its weight in S&P 500 names and HLTH has 24%, so HLTH differs more from the index.
Which is cheaper, AIPO or HLTH?
AIPO charges 0.69% a year and HLTH charges 0.75%, so AIPO is cheaper. Fees come from each fund's prospectus.
Other comparisons
AIPO vs EPAIAIPO vs FAIAIPO vs CHATAIPO vs ARTYHLTH vs AIHYHLTH vs TCAIHLTH vs CHPXHLTH vs IVEP
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →AIPO on its own →HLTH on its own →AIPO dividend history →AIPO holdings →HLTH holdings →Method →Standards and sources →
Sources and dates
AIPO filings on SEC EDGAR ↗
AIPO prospectus with the expense ratio (SEC) ↗
Defiance page for AIPO ↗
HLTH filings on SEC EDGAR ↗
HLTH prospectus with the expense ratio (SEC) ↗
Tema page for HLTH ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

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

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