Do AIPO and XAIX hold the same stocks?

By their latest filings, 11% 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 XAIX?

AIPO has 68% of its weight in S&P 500 names and XAIX has 79%, so AIPO differs more from the index.

Which is cheaper, AIPO or XAIX?

AIPO charges 0.69% a year and XAIX charges 0.35%, so XAIX is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

AIPO vs XAIX: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, AIPO returned −1.7% to XAIX's +25.0%; 11% 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 $147m on Nov 2, 2026 for Xtrackers Artificial Intelligence and Big Data ETF.

AIPO on its own →XAIX on its own →

At a glance

67.6%

AIPO in the S&P 500

79.0%

XAIX in the S&P 500

−1.7%

AIPO total return, 1 year

+25.0%

XAIX 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.

XAIX · 1 year to Nov 4, 2026 21% of its weight is outside the S&P 500

79% of XAIX's weight is in S&P 500 companies and 21% is outside the index. Holdings as of Aug 31, 2026.

Pair scorecard

XAIX costs 0.34 points a year less; their one-year returns differ by 26.7 points; AIPO is 5.5 times larger.

Points (pts) are percentage points.

AIPO vs XAIX: Holdings Overlap & Returns
Measure	AIPO	XAIX
Return
Measure	AIPO	XAIX
Total return, 1 year	−1.7%	+25.0%
Drawdown
Measure	AIPO	XAIX
Below its all-time high	32.0%, high on Jun 22, 2026	11.3%, high on Jun 2, 2026
Against its benchmark
Measure	AIPO	XAIX
What it tracks	AI infrastructure and chips	Artificial intelligence
Against the S&P 500, 1 year	behind by 16.5 pts
Its benchmark, total return, 1 year	+14.8%	+15.0%
Against its benchmark, 1 year	behind by 16.5 pts	ahead by 10.0 pts
Cost and size
Measure	AIPO	XAIX
Expense ratio	0.69%	0.35%
Net assets, as of Nov 2, 2026	$803m	$147m
Active share vs the S&P 500	86%	66%
Holdings
Measure	AIPO	XAIX
Holdings in common	11%

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 Score51.3AIPO9.2XAIX

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

XAIX 9.2

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

Risk and return

Aug 1, 2025 to Oct 30, 2026 · 65 weekly returns

AIPO XAIX

Return

Total return edge XAIX +22.4% +43.9%

Annualized edge XAIX +17.5% +33.8%

Price return edge XAIX +22.3% +43.3%

Risk

Volatility edge XAIX 28.6% 24.5%

Max drawdown edge XAIX −29.3% −11.7%

Downside capture 138.1% 126.8%

Beta 1.53 1.44

Risk-adjusted

Sharpe edge XAIX 0.57 1.16

Sortino edge XAIX 0.83 1.89

Treynor 0.107 0.186

Calmar edge XAIX 0.60 2.89

Against the benchmark

Alpha −4.4% a year +7.0% a year

Alpha t-stat −0.21 0.84

Information ratio 0.12 0.95

Tracking error 23.4% 13.7%

Each against its own benchmark: AIPO against VOO, Aug 1, 2025 to Oct 30, 2026; XAIX against ACWI, Aug 9, 2024 to Oct 30, 2026.

Reading

From Aug 2025 to Oct 2026, XAIX returned more: +43.9% to +22.4%. XAIX swung less: 24.5% to 28.6%. XAIX fell less at its worst: −11.7% to −29.3%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: AIPO vs XAIX: Holdings Overlap & Returns
Measure	AIPO	XAIX	Edge	How it is measured
Return
Total return	+22.4%	+43.9%	XAIX	Price change plus distributions, reinvested.
Annualized	+17.5%	+33.8%	XAIX	Total return as a yearly rate.
Price return	+22.3%	+43.3%	XAIX	Price change alone, distributions left out.
Risk
Volatility	28.6%	24.5%	XAIX	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	19.9%	15.0%	XAIX	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−29.3%	−11.7%	XAIX	Deepest fall from a high to the low after it.
Upside capture	155.8%	198.7%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	138.1%	126.8%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	1.53	1.44	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.38	0.74	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.57	1.16	XAIX	Return above Treasury bills per unit of volatility.
Sortino	0.83	1.89	XAIX	Return above Treasury bills per unit of downside deviation.
Treynor	0.107	0.186		Return above Treasury bills per unit of beta.
Calmar	0.60	2.89	XAIX	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	VOO	ACWI		The ETF each fund is measured against.
Alpha	−4.4% a year	+7.0% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.21	0.84	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−45.7% to +36.8%	−9.4% to +23.4%	Includes zero	The 95% range for the yearly alpha.
Information ratio	0.12	0.95		Return against its benchmark per unit of tracking error.
Tracking error	23.4%	13.7%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 65 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

11%

By the books each fund has filed, AIPO and XAIX hold 11% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 4, 2026.

50%

0 half 100%

half

11% in common

Positions both hold · largest shared weight first AIPO XAIX

Nvidia Corp 4.44% 4.75%

Alphabet Inc 4.33% 4.09%

Advanced Micro Devices Inc 2.70% 3.50%

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%

Broadcom Inc 4.42%

Constellation Energy Corp 3.55%

Cameco Corp 3.39%

Only in XAIX

MICROSOFT CORP 5.87%

APPLE INC 4.72%

AMAZON.COM INC 4.70%

META PLATFORMS INC 4.38%

WALMART INC 3.99%

SAMSUNG ELECTRONICS CO LTD 3.80%

PALANTIR TECHNOLOGIES INC 3.73%

CISCO SYSTEMS INC 3.63%

Check overlap with more funds →

Window by window

Window by window: AIPO vs XAIX: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	AIPO	XAIX	AIPO	XAIX
3 months	−21.5%	−3.6%	−21.4 pts vs VOO	−2.3 pts vs ACWI
6 months	−29.0%	+5.4%	−34.0 pts vs VOO	+2.8 pts vs ACWI
1 year	−1.7%	+25.0%	−16.5 pts vs VOO	+10.0 pts vs ACWI
Since launchNot the same days: AIPO Jul 2025 · XAIX Aug 2024	+16.2%	+87.7%	−5.9 pts vs VOO	+39.2 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 XAIX Xtrackers Artificial Intelligence and Big Data ETF · Holds 101 stocks in artificial intelligence, 79% of its weight in S&P 500 companies

Issuer Defiance Xtrackers

Theme AI infrastructure and chips Artificial intelligence

In the S&P 500 67.6% 79.0%

Active share vs the S&P 500 85.7% 66.5%

In the Nasdaq-100 23.5% 58.0%

Holdings 86 101

Top ten, share of the fund 57.7% 43.7%

Expense ratio 0.69% 0.35%

Fee for the differing part 0.81% 0.53%

Total return, 1 year −1.7% +25.0%

vs its benchmark −16.5 pts vs VOO +10.0 pts vs ACWI

Below its high −32.0% −11.3%

Net assets, AIPO as of Nov 3, 2026 and XAIX as of Nov 2, 2026 $831m $147m

As of Nov 4, 2026. Source: ETFIQ.

11% of the two portfolios are the same securities at the same weight.

Client brief:

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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.

XAIX

By weight, 79% of XAIX'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 44% of the fund across 101 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +25.0% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 10.0 pts. It sits 11.3% below its all-time high of Jun 2, 2026.

Questions people ask

Do AIPO and XAIX hold the same stocks?: By their latest filings, 11% 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 XAIX?: AIPO has 68% of its weight in S&P 500 names and XAIX has 79%, so AIPO differs more from the index.
Which is cheaper, AIPO or XAIX?: AIPO charges 0.69% a year and XAIX charges 0.35%, so XAIX is cheaper. Fees come from each fund's prospectus.

Other comparisons

AIPO vs AIFD AIPO vs FAI AIPO vs WTAI AIPO vs CHAT XAIX vs AIHY XAIX vs TCAI XAIX vs CHPX XAIX vs IVEP

Where to next

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

Sources and dates

AIPO filings on SEC EDGAR ↗

AIPO prospectus with the expense ratio (SEC) ↗

Defiance page for AIPO ↗

XAIX filings on SEC EDGAR ↗

XAIX prospectus with the expense ratio (SEC) ↗

Xtrackers 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 XAIX, data as of Nov 4, 2026. https://etfiq.com/compare/themes/aipo-vs-xaix

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