Do AIPO and JHAI hold the same stocks?

By their latest filings, 20% 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 JHAI?

AIPO has 68% of its weight in S&P 500 names and JHAI has 68%, so AIPO differs more from the index.

Which is cheaper, AIPO or JHAI?

AIPO charges 0.69% a year and JHAI charges 0.59%, so JHAI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

AIPO vs JHAI: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, AIPO returned −1.7% to JHAI's +10.9%; 20% of their weight is in the same names.

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Net assets: $831m on Nov 3, 2026 for Defiance AI & Power Infrastructure ETF, and $23m on Jul 31, 2026 for Janus Henderson Global Artificial Intelligence ETF.

AIPO on its own →JHAI on its own →

At a glance

67.6%

AIPO in the S&P 500

68.3%

JHAI in the S&P 500

−1.7%

AIPO total return, 1 year

+10.9%

JHAI total return, 1 year

AIPO · 1 year to Nov 4, 2026 32% of its weight is outside the S&P 500

68% of AIPO's weight is in S&P 500 companies and 32% is outside the index. Holdings as of Nov 4, 2026.

JHAI · 1 year to Nov 4, 2026 32% of its weight is outside the S&P 500

68% of JHAI's weight is in S&P 500 companies and 32% is outside the index. Holdings as of Jul 31, 2026.

Pair scorecard

JHAI costs 0.10 points a year less; their one-year returns differ by 12.6 points.

Points (pts) are percentage points.

AIPO vs JHAI: Holdings Overlap & Returns
Measure	AIPO	JHAI
Return
Measure	AIPO	JHAI
Total return, 1 year	−1.7%	+10.9%
Drawdown
Measure	AIPO	JHAI
Below its all-time high	32.0%, high on Jun 22, 2026	16.4%, high on Jun 30, 2026
Against its benchmark
Measure	AIPO	JHAI
What it tracks	AI infrastructure and chips	Artificial intelligence
Against the S&P 500, 1 year	behind by 16.5 pts	behind by 3.9 pts
Its benchmark, total return, 1 year	+14.8%	+14.8%
Against its benchmark, 1 year	behind by 16.5 pts	behind by 3.9 pts
Cost and size
Measure	AIPO	JHAI
Expense ratio	0.69%	0.59%
Net assets, AIPO as of Nov 3, 2026 and JHAI as of Jul 31, 2026	$831m	$23m
Holdings
Measure	AIPO	JHAI
Holdings in common	20%

ETFIQ S&P 500 Difference Score · AIPO scores higher How much of its weight does it not share with the S&P 500?

IQ Themes Score51.3AIPO11.8JHAI

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

AIPO 51.3

JHAI 11.8

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

20%

By the books each fund has filed, AIPO and JHAI hold 20% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 4, 2026.

50%

0 half 100%

half

20% in common

Positions both hold · largest shared weight first AIPO JHAI

Nvidia Corp 4.44% 13.43%

Broadcom Inc 4.42% 5.52%

Alphabet Inc 4.33% 2.80%

Advanced Micro Devices Inc 2.70% 2.99%

Ge Vernova Inc 8.67% 1.68%

Vertiv Holdings Co 6.59% 1.32%

Eaton Corp Plc 8.42% 0.96%

Forgent Power Solutions Inc 0.65% 0.71%

Arm Holdings Plc 0.38% 0.40%

Nebius Group Nv 0.35% 3.00%

Constellation Energy Corp 3.55% 0.29%

Innio Nv 0.40% 0.28%

Only in one fund ↓

Only in AIPO

Quanta Services Inc 9.16%

Bloom Energy Corp 4.69%

Cameco Corp 3.39%

Hubbell Inc 2.18%

Dominion Energy Inc 2.16%

Xcel Energy Inc 2.06%

Nvent Electric Plc 1.73%

Vistra Corp 1.70%

Only in JHAI

Taiwan Semiconductor Manufacturing Co. Ltd. 15.27%

Micron Technology, Inc. 5.39%

Microsoft Corp. 5.25%

Lam Research Corp. 4.21%

Amazon.com, Inc. 4.07%

ASML Holding NV 3.56%

KLA Corp. 2.88%

Snowflake, Inc. 2.38%

Check overlap with more funds →

Window by window

Window by window: AIPO vs JHAI: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	AIPO	JHAI	AIPO	JHAI
3 months	−21.5%	−9.6%	−21.4 pts vs VOO	−9.5 pts vs VOO
6 months	−29.0%	−4.8%	−34.0 pts vs VOO	−9.8 pts vs VOO
1 year	−1.7%	+10.9%	−16.5 pts vs VOO	−3.9 pts vs VOO
Since launchNot the same days: AIPO Jul 2025 · JHAI Aug 2025	+16.2%	+24.8%	−5.9 pts vs VOO	+2.9 pts vs VOO

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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 JHAI Janus Henderson Global Artificial Intelligence ETF · Holds 47 stocks in artificial intelligence, 68% of its weight in S&P 500 companies

Issuer Defiance Janus Henderson

Theme AI infrastructure and chips Artificial intelligence

In the S&P 500 67.6% 68.3%

Active share vs the S&P 500 85.7% 68.1%

In the Nasdaq-100 23.5% 64.6%

Holdings 86 47

Top ten, share of the fund 57.7% 62.7%

Expense ratio 0.69% 0.59%

Fee for the differing part 0.81% 0.87%

Total return, 1 year −1.7% +10.9%

vs its benchmark −16.5 pts vs VOO −3.9 pts vs VOO

Below its high −32.0% −16.4%

Net assets, AIPO as of Nov 3, 2026 and JHAI as of Jul 31, 2026 $831m $23m

As of Nov 4, 2026. Source: ETFIQ.

20% of the two portfolios are the same securities at the same weight.

Alert

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.

JHAI

By weight, 68% of JHAI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 68%. The top ten holdings are 63% of the fund across 47 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +10.9% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 3.9 pts. It sits 16.4% below its all-time high of Jun 30, 2026.

Questions people ask

Do AIPO and JHAI hold the same stocks?: By their latest filings, 20% 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 JHAI?: AIPO has 68% of its weight in S&P 500 names and JHAI has 68%, so AIPO differs more from the index.
Which is cheaper, AIPO or JHAI?: AIPO charges 0.69% a year and JHAI charges 0.59%, so JHAI is cheaper. Fees come from each fund's prospectus.

Other comparisons

AIPO vs DRAI AIPO vs NEWZ AIPO vs DRGN AIPO vs WDRN JHAI vs TCAI JHAI vs CHPX JHAI vs IVEP JHAI vs AIHY

Where to next

AIPO on its own →JHAI on its own →AIPO dividend history →AIPO holdings →JHAI dividend history →JHAI holdings →Method →Standards and sources →

Sources and dates

AIPO filings on SEC EDGAR ↗

AIPO prospectus with the expense ratio (SEC) ↗

Defiance page for AIPO ↗

JHAI filings on SEC EDGAR ↗

JHAI prospectus with the expense ratio (SEC) ↗

Janus Henderson website ↗

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

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