Data as of .
AIPO vs IVES: which is really different?
AIPO and IVES hold 21% of their weight in the same names, and AIPO 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
21% 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 IVES hold 21% of their money in the same securities at the same weight.
| Holding | AIPO | IVES |
|---|---|---|
| Alphabet Inc | 4.30% | 5.38% |
| Ge Vernova Inc | 8.03% | 4.25% |
| Nvidia Corp | 4.04% | 4.84% |
| Broadcom Inc | 3.97% | 5.44% |
| Advanced Micro Devices Inc | 2.53% | 6.33% |
| Oklo Inc | 0.67% | 1.67% |
| Nebius Group Nv | 0.46% | 2.20% |
| Iren Ltd | 0.36% | 1.69% |
| Coreweave Inc | 0.34% | 2.55% |
| Only in AIPO | Only in IVES |
|---|---|
| Eaton Corp Plc 8.31% | AMAZON.COM INC 5.42% |
| Quanta Services Inc 8.25% | TAIWAN SEMICONDUCTOR MANUFACTURING COMPA 4.95% |
| Vertiv Holdings Co 6.56% | APPLE INC 4.72% |
| Bloom Energy Corp 5.10% | MICRON TECHNOLOGY INC 4.66% |
| Cameco Corp 3.54% | MICROSOFT CORP 4.44% |
| Constellation Energy Corp 3.02% | META PLATFORMS INC 4.17% |
| Nvent Electric Plc 1.98% | TESLA INC 4.06% |
| Hubbell Inc 1.83% | ORACLE CORP 3.45% |
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 Apr 30, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| AIPO | IVES | AIPO | IVES | AIPO | IVES | |
| 3 months | −16.1% | +5.6% | −18.4 pts | +3.3 pts | −13.7 pts | +8.1 pts |
| 6 months | +15.1% | +37.2% | −2.9 pts | +19.2 pts | −9.1 pts | +13.0 pts |
| 1 year | +29.3% | +27.2% | +12.7 pts | +10.6 pts | +7.5 pts | +5.4 pts |
| Since launch | +40.1% | +58.8% | +18.9 pts | +28.9 pts | +12.1 pts | +21.6 pts |
| AIPO Defiance AI & Power Infrastructure ETF Holds 89 stocks in aI infrastructure and chips, 62% of its weight in S&P 500 companies | IVES Dan IVES Wedbush AI Revolution ETF Holds 30 stocks in artificial intelligence, 74% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Defiance | Wedbush |
| Theme | AI infrastructure and chips | Artificial intelligence |
| In the S&P 500 | 61.8% | 73.9% |
| Active share vs the S&P 500 | 86.1% | 66.5% |
| In the Nasdaq-100 | 20.6% | 62.6% |
| Holdings | 89 | 30 |
| Top ten, share of the fund | 55.1% | 50.4% |
| Expense ratio | 0.69% | 0.75% |
| Fee for the differing part | 0.80% | 1.13% |
| Total return, 1 year | +29.3% | +27.2% |
| vs the S&P 500 | +12.7 pts | +10.6 pts |
| vs the Nasdaq-100 | +7.5 pts | +5.4 pts |
| Below its high | −18.0% | −3.8% |
| Net assets | $915m | $997m |
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.
IVES in plain words
By weight, 74% of IVES's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 66%. The top ten holdings are 50% of the fund across 30 positions, as filed for Apr 30, 2026. Over the year to Sep 18, 2026 the fund returned +27.2% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 10.6 pts.
Questions people ask
- Do AIPO and IVES hold the same stocks?
- By their latest filings, 21% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, AIPO or IVES?
- AIPO has 62% of its weight in S&P 500 names and IVES has 74%, so AIPO differs more from the index.
- Which is cheaper, AIPO or IVES?
- AIPO charges 0.69% a year and IVES 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 IVES, data as of Sep 18, 2026. https://etfiq.com/compare/themes/aipo-vs-ives Free to use with attribution; the underlying files are at Open data.