Data as of .
AIPO vs PBOT: which is really different?
AIPO and PBOT hold 13% of their weight in the same names.
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
13% 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 PBOT hold 13% of their money in the same securities at the same weight.
| Holding | AIPO | PBOT |
|---|---|---|
| Broadcom Inc | 3.97% | 6.33% |
| Nvidia Corp | 4.04% | 3.15% |
| Only in AIPO | Only in PBOT |
|---|---|
| Eaton Corp Plc 8.31% | ALPHABET INC-CL A 6.86% |
| Quanta Services Inc 8.25% | KLA CORP 6.36% |
| Ge Vernova Inc 8.03% | TAIWAN SEMICONDUCTOR-SP ADR 6.34% |
| Vertiv Holdings Co 6.56% | ASML HOLDING NV /EUR/ 5.77% |
| Bloom Energy Corp 5.10% | SNOWFLAKE INC 4.73% |
| Alphabet Inc 4.30% | CROWDSTRIKE HOLDINGS INC - A 4.64% |
| Cameco Corp 3.54% | PALO ALTO NETWORKS INC 4.57% |
| Constellation Energy Corp 3.02% | INFINEON TECHNOLOGIES AG /EUR/ 3.91% |
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 Jun 30, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| AIPO | PBOT | AIPO | PBOT | AIPO | PBOT | |
| 3 months | −16.1% | +1.0% | −18.4 pts | −1.2 pts | −13.7 pts | +3.5 pts |
| 6 months | +15.1% | +39.5% | −2.9 pts | +21.4 pts | −9.1 pts | +15.2 pts |
| 1 year | +29.3% | not published | +12.7 pts | not published | +7.5 pts | not published |
| Since launch | +40.1% | +34.6% | +18.9 pts | +18.0 pts | +12.1 pts | +13.9 pts |
| AIPO Defiance AI & Power Infrastructure ETF Holds 89 stocks in aI infrastructure and chips, 62% of its weight in S&P 500 companies | PBOT Pictet AI & Automation ETF Holds 44 stocks in artificial intelligence, 61% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Defiance | Pictet |
| Theme | AI infrastructure and chips | Artificial intelligence |
| In the S&P 500 | 61.8% | 61.0% |
| Active share vs the S&P 500 | 86.1% | 82.1% |
| In the Nasdaq-100 | 20.6% | 52.2% |
| Holdings | 89 | 44 |
| Top ten, share of the fund | 55.1% | 52.6% |
| Expense ratio | 0.69% | 0.70% |
| Fee for the differing part | 0.80% | 0.85% |
| Total return, 1 year | +29.3% | +34.6% (since launch on Oct 16, 2025) |
| vs the S&P 500 | +12.7 pts | +18.0 pts |
| vs the Nasdaq-100 | +7.5 pts | +13.9 pts |
| Below its high | −18.0% | −3.8% |
| Net assets | $915m | $14m |
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.
PBOT in plain words
By weight, 61% of PBOT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 82%. The top ten holdings are 53% of the fund across 44 positions, as filed for Jun 30, 2026. Since it launched on Oct 16, 2025 the fund returned +34.6% with distributions reinvested against +16.5% for the S&P 500, so a holder was ahead by 18.0 pts.
Questions people ask
- Do AIPO and PBOT hold the same stocks?
- By their latest filings, 13% 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 PBOT?
- AIPO has 62% of its weight in S&P 500 names and PBOT has 61%, so AIPO differs more from the index.
- Which is cheaper, AIPO or PBOT?
- AIPO charges 0.69% a year and PBOT charges 0.70%, 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 PBOT, data as of Sep 18, 2026. https://etfiq.com/compare/themes/aipo-vs-pbot Free to use with attribution; the underlying files are at Open data.