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Data as of Nov 4, 2026.

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Thematic ETFs

AIPO vs WISE: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, AIPO returned −1.7% to WISE's −29.1%; 16% 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 $22m on Nov 4, 2026 for Themes Generative Artificial Intelligence ETF.

AIPO on its own →WISE on its own →
At a glance
67.6%
AIPO in the S&P 500
30.1%
WISE in the S&P 500
−1.7%
AIPO total return, 1 year
−29.1%
WISE total return, 1 year
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.

WISE · 1 year to Nov 4, 2026 70% of its weight is outside the S&P 500
70% of its weight is outside the S&P 50030% of WISE's weight is in S&P 500 companies and 70% is outside the index. Holdings as of Nov 4, 2026.30%70%in the S&P 500of its weight outside the S&P 500active share 83% · top ten 49% of the fund · 41 holdings as published by its issuer for Nov 4, 2026 · Nasdaq-100: 28% in70% of its weight is outside the S&P 50030% of WISE's weight is in S&P 500 companies and 70% is outside the index. Holdings as of Nov 4, 2026.30%70%inoutside the S&P 500active share 83% · Nasdaq-100: 28% in

30% of WISE's weight is in S&P 500 companies and 70% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

WISE costs 0.34 points a year less; their one-year returns differ by 27.4 points; AIPO is far larger, $831m against $22m.

Points (pts) are percentage points.

AIPO vs WISE: Holdings Overlap & Returns
MeasureAIPOWISE
Return
Total return, 1 year−1.7%−29.1%
Drawdown
Below its all-time high32.0%, high on Jun 22, 202634.2%, high on Oct 15, 2025
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%+15.0%
Against its benchmark, 1 yearbehind by 16.5 ptsbehind by 44.1 pts
Cost and size
Expense ratio0.69%0.35%
Net assets, as of Nov 3, 2026$831m$22m
Holdings
Holdings in common16%

Method

What they share

16%

By the books each fund has filed, AIPO and WISE hold 16% of their money in the same securities at the same weight. Holdings dated Nov 4, 2026.

0 half 100%

half

16% in common

Positions both hold · largest shared weight first AIPO WISE
Nvidia Corp 4.44% 5.47%
Alphabet Inc 4.33% 4.26%
Broadcom Inc 4.42% 3.70%
Advanced Micro Devices Inc 2.70% 5.21%
Applied Digital Corp 0.25% 1.24%
Coreweave Inc 0.25% 1.70%
Whitefiber Inc 0.18% 0.65%
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%
Constellation Energy Corp 3.55%
Cameco Corp 3.39%
Hubbell Inc 2.18%
Only in WISE
Information Services Group Inc 6.06%
Caris Life Sciences Inc 5.24%
C3.ai Inc 5.12%
Snowflake Inc 5.01%
Palantir Technologies Inc 4.59%
BIGBEAR.AI HOLDINGS INC 4.17%
Kingsoft Cloud Holdings Ltd 4.03%
PKSHA Technology Inc 3.80%
Check overlap with more funds →

Window by window

Window by window: AIPO vs WISE: Holdings Overlap & Returns
Total returnvs its benchmark
WindowAIPOWISEAIPOWISE
3 months−21.5%−18.0%−21.4 pts vs VOO−16.7 pts vs ACWI
6 months−29.0%−23.6%−34.0 pts vs VOO−26.2 pts vs ACWI
1 year−1.7%−29.1%−16.5 pts vs VOO−44.1 pts vs ACWI
Since launchNot the same days: AIPO Jul 2025 · WISE Dec 2023+16.2%+23.6%−5.9 pts vs VOO−45.1 pts vs ACWI

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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 WISE Themes Generative Artificial Intelligence ETF · Holds 41 stocks in artificial intelligence, 30% of its weight in S&P 500 companies
Issuer Defiance Themes
Theme AI infrastructure and chips Artificial intelligence
In the S&P 500 67.6% 30.1%
Active share vs the S&P 500 85.7% 83.3%
In the Nasdaq-100 23.5% 27.8%
Holdings 86 41
Top ten, share of the fund 57.7% 49.2%
Expense ratio 0.69% 0.35%
Fee for the differing part 0.81% 0.42%
Total return, 1 year −1.7% −29.1%
vs its benchmark −16.5 pts vs VOO −44.1 pts vs ACWI
Below its high −32.0% −34.2%
Net assets, AIPO as of Nov 3, 2026 and WISE as of Nov 4, 2026 $831m $22m

As of Nov 4, 2026. Source: ETFIQ.

16% 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.

WISE

By weight, 30% of WISE's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 83%. The top ten holdings are 49% of the fund across 41 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned −29.1% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was behind by 44.1 pts. It sits 34.2% below its all-time high of Oct 15, 2025.

Questions people ask

Do AIPO and WISE hold the same stocks?
By their latest filings, 16% 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 WISE?
AIPO has 68% of its weight in S&P 500 names and WISE has 30%, so AIPO differs more from the index.
Which is cheaper, AIPO or WISE?
AIPO charges 0.69% a year and WISE charges 0.35%, so WISE is cheaper. Fees come from each fund's prospectus.
Other comparisons
AIPO vs BAIAIPO vs DRAIAIPO vs JHAIAIPO vs NEWZWISE vs TCAIWISE vs CHPXWISE vs IVEPWISE vs AIHY
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →AIPO on its own →WISE on its own →AIPO dividend history →AIPO holdings →WISE dividend history →WISE holdings →Method →Standards and sources →
Sources and dates
AIPO filings on SEC EDGAR ↗
AIPO prospectus with the expense ratio (SEC) ↗
Defiance page for AIPO ↗
WISE filings on SEC EDGAR ↗
WISE prospectus with the expense ratio (SEC) ↗
Themes page for WISE ↗

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.

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ETFIQ, AIPO against WISE, data as of Nov 4, 2026. https://etfiq.com/compare/themes/aipo-vs-wise

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