Data as of .
AIPO vs JHAI: which is really different?
AIPO and JHAI 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 JHAI hold 21% of their money in the same securities at the same weight.
| Holding | AIPO | JHAI |
|---|---|---|
| Alphabet Inc | 4.30% | 4.73% |
| Nvidia Corp | 4.04% | 14.16% |
| Broadcom Inc | 3.97% | 6.48% |
| Vertiv Holdings Co | 6.56% | 2.07% |
| Ge Vernova Inc | 8.03% | 1.65% |
| Eaton Corp Plc | 8.31% | 1.10% |
| Constellation Energy Corp | 3.02% | 1.06% |
| Vistra Corp | 1.62% | 0.72% |
| Forgent Power Solutions Inc | 0.95% | 0.65% |
| Arm Holdings Plc | 0.46% | 1.07% |
| Nebius Group Nv | 0.46% | 2.05% |
| Coreweave Inc | 0.34% | 0.19% |
| Only in AIPO | Only in JHAI |
|---|---|
| Quanta Services Inc 8.25% | Taiwan Semiconductor Manufacturing Co. L 16.38% |
| Bloom Energy Corp 5.10% | Amazon.com, Inc. 5.09% |
| Cameco Corp 3.54% | Lam Research Corp. 4.05% |
| Advanced Micro Devices Inc 2.53% | Micron Technology, Inc. 3.71% |
| Nvent Electric Plc 1.98% | Microsoft Corp. 3.42% |
| Hubbell Inc 1.83% | KLA Corp. 3.01% |
| Dominion Energy Inc 1.61% | ASML Holding NV 2.52% |
| Xcel Energy Inc 1.51% | Lumentum Holdings, Inc. 2.22% |
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 | JHAI | AIPO | JHAI | AIPO | JHAI | |
| 3 months | −16.1% | −6.7% | −18.4 pts | −8.9 pts | −13.7 pts | −4.2 pts |
| 6 months | +15.1% | +31.2% | −2.9 pts | +13.2 pts | −9.1 pts | +7.0 pts |
| 1 year | +29.3% | +27.2% | +12.7 pts | +10.7 pts | +7.5 pts | +5.5 pts |
| Since launch | +40.1% | +38.2% | +18.9 pts | +17.2 pts | +12.1 pts | +10.1 pts |
| AIPO Defiance AI & Power Infrastructure ETF Holds 89 stocks in aI infrastructure and chips, 62% of its weight in S&P 500 companies | JHAI Janus Henderson Global Artificial Intelligence ETF Holds 46 stocks in artificial intelligence, 72% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Defiance | Janus Henderson |
| Theme | AI infrastructure and chips | Artificial intelligence |
| In the S&P 500 | 61.8% | 71.8% |
| Active share vs the S&P 500 | 86.1% | 70.0% |
| In the Nasdaq-100 | 20.6% | 61.6% |
| Holdings | 89 | 46 |
| Top ten, share of the fund | 55.1% | 63.6% |
| Expense ratio | 0.69% | 0.59% |
| Fee for the differing part | 0.80% | 0.84% |
| Total return, 1 year | +29.3% | +27.2% |
| vs the S&P 500 | +12.7 pts | +10.7 pts |
| vs the Nasdaq-100 | +7.5 pts | +5.5 pts |
| Below its high | −18.0% | −7.4% |
| Net assets | $915m | $21m |
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.
JHAI in plain words
By weight, 72% of JHAI'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 64% of the fund across 46 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 10.7 pts. It sits 7.4% below its all-time high of Jun 30, 2026.
Questions people ask
- Do AIPO and JHAI hold the same stocks?
- By their latest filings, 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 JHAI?
- AIPO has 62% of its weight in S&P 500 names and JHAI has 72%, 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
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 JHAI, data as of Sep 18, 2026. https://etfiq.com/compare/themes/aipo-vs-jhai Free to use with attribution; the underlying files are at Open data.