Data as of Nov 4, 2026.
AIQ vs ALAI: Holdings Overlap & Returns
Over the year to Nov 4, 2026, AIQ returned +16.2% to ALAI's +9.9%; 36% of their weight is in the same names.
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Net assets: $10.6bn on Oct 12, 2026 for Global X Artificial Intelligence & Technology ETF, and $451m on Jun 30, 2026 for Alger AI Enablers & Adopters ETF.
62% of AIQ's weight is in S&P 500 companies and 38% is outside the index. Holdings as of Aug 31, 2026.
60% of ALAI's weight is in S&P 500 companies and 40% is outside the index. Holdings as of Jun 30, 2026.
Pair scorecard
ALAI costs 0.10 points a year less; their one-year returns differ by 6.3 points.
Points (pts) are percentage points.
| Measure | AIQ | ALAI |
|---|---|---|
| Return | ||
| Total return, 1 year | +16.2% | +9.9% |
| Drawdown | ||
| Below its all-time high | 14.6%, high on Jun 2, 2026 | 15.2%, high on Oct 6, 2026 |
| Against its benchmark | ||
| What it tracks | Artificial intelligence | Artificial intelligence |
| Against the S&P 500, 1 year | behind by 4.9 pts | |
| Its benchmark, total return, 1 year | +14.8% | |
| Against its benchmark, 1 year | behind by 4.9 pts | |
| Cost and size | ||
| Expense ratio | 0.68% | 0.58% |
| Net assets, AIQ as of Oct 12, 2026 and ALAI as of Jun 30, 2026 | $10.6bn | $451m |
| Holdings | ||
| Holdings in common | 36% | |
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
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 →
Risk and return
Apr 12, 2024 to Oct 30, 2026 · 133 weekly returnsFrom Apr 2024 to Oct 2026, ALAI returned more: +111.7% to +80.9%. AIQ swung slightly less: 24.9% to 27.4%. AIQ fell less at its worst: −23.6% to −29.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | AIQ | ALAI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +80.9% | +111.7% | ALAI | Price change plus distributions, reinvested. |
| Annualized | +26.1% | +34.1% | ALAI | Total return as a yearly rate. |
| Price return | +80.3% | +107.2% | ALAI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 24.9% | 27.4% | AIQ (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 16.3% | 17.4% | AIQ (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −23.6% | −29.4% | AIQ | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.89 | 1.05 | ALAI | Return above Treasury bills per unit of volatility. |
| Sortino | 1.35 | 1.66 | ALAI | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.11 | 1.16 | ALAI (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 133 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, AIQ and ALAI hold 36% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.
half
36% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | AIQ | ALAI | AIQ | ALAI |
| 3 months | −4.0% | −9.3% | not measured | −9.2 pts vs VOO |
| 6 months | −0.7% | −3.5% | not measured | −8.5 pts vs VOO |
| 1 year | +16.2% | +9.9% | not measured | −4.9 pts vs VOO |
| 3 years | +117.7% | – | not measured | – |
| Since launchNot the same days: AIQ May 2018 · ALAI Apr 2024 | +309.8% | +107.2% | not measured | +54.7 pts vs VOO |
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Side by side
As of Nov 4, 2026. Source: ETFIQ.
36% of the two portfolios are the same securities at the same weight.
Client brief:
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AIQ
By weight, 62% of AIQ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 69%. The top ten holdings are 32% of the fund across 88 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +16.2% with distributions reinvested. It sits 14.6% below its all-time high of Jun 2, 2026.
ALAI
By weight, 60% of ALAI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 65%. The top ten holdings are 52% of the fund across 79 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned +9.9% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 4.9 pts. It sits 15.2% below its all-time high of Oct 6, 2026.
Questions people ask
- Do AIQ and ALAI hold the same stocks?
- By their latest filings, 36% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
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.
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ETFIQ, AIQ against ALAI, data as of Nov 4, 2026. https://etfiq.com/compare/themes/aiq-vs-alai
ETFIQ. (Nov 4, 2026). AIQ against ALAI. Retrieved from https://etfiq.com/compare/themes/aiq-vs-alai
[AIQ against ALAI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/aiq-vs-alai)
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