Data as of Oct 28, 2026.
AIQ vs NLR: Holdings Overlap & Returns
Over the year to Oct 28, 2026, AIQ returned +21.3% to NLR's −35.8%; 0% 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 $3.1bn on Oct 26, 2026 for VanEck Uranium and Nuclear ETF.
65% of AIQ's weight is in S&P 500 companies and 35% is outside the index. Holdings as of May 31, 2026.
15% of NLR's weight is in S&P 500 companies and 85% is outside the index. Holdings as of Jun 30, 2026.
Pair scorecard
NLR costs 0.16 points a year less; their one-year returns differ by 57.1 points; AIQ is 3.1 times larger.
Points (pts) are percentage points.
| Measure | AIQ | NLR |
|---|---|---|
| Return | ||
| Total return, 1 year | +21.3% | −35.8% |
| Drawdown | ||
| Below its all-time high | 8.2%, high on Jun 2, 2026 | 41.6%, high on Jan 28, 2026 |
| Against its benchmark | ||
| What it tracks | Artificial intelligence | Nuclear and uranium |
| Its benchmark, total return, 1 year | +13.4% | |
| Against its benchmark, 1 year | behind by 49.2 pts | |
| Cost and size | ||
| Expense ratio | 0.68% | 0.52% |
| Net assets, as of Oct 12, 2026 | $10.6bn | $3.4bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026. Method
Risk and return
May 25, 2018 to Oct 23, 2026 · 439 weekly returnsAIQ returned more: +326.5% to +119.2%. AIQ swung slightly less: 24.3% to 25.9%. NLR fell slightly less at its worst: −40.8% to −44.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | AIQ | NLR | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +326.5% | +119.2% | AIQ | Price change plus distributions, reinvested. |
| Annualized | +18.7% | +9.7% | AIQ | Total return as a yearly rate. |
| Price return | +314.4% | +79.6% | AIQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 24.3% | 25.9% | AIQ (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 16.0% | 17.9% | AIQ | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −44.1% | −40.8% | NLR (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.72 | 0.38 | AIQ | Return above Treasury bills per unit of volatility. |
| Sortino | 1.09 | 0.55 | AIQ | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.42 | 0.24 | AIQ | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 439 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, AIQ and NLR hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jun 30, 2026.
half
0% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | AIQ | NLR | AIQ | NLR |
| 3 months | +15.0% | −6.5% | not measured | −10.9 pts vs ACWI |
| 6 months | +17.0% | −30.2% | not measured | −37.6 pts vs ACWI |
| 1 year | +21.3% | −35.8% | not measured | −49.2 pts vs ACWI |
| 3 years | +151.9% | +54.0% | not measured | −34.9 pts vs ACWI |
| Since launchNot the same days: AIQ May 2018 · NLR Aug 2007 | +340.8% | +66.1% | not measured | not measured |
Side by side
As of Oct 28, 2026. Source: ETFIQ.
0% of the two portfolios are the same securities at the same weight.
AIQ and NLR are built for the same job. How do they differ in cost, holdings and results?
- Theme. AIQ covers Artificial intelligence and NLR covers Nuclear and uranium.
- Concentration. The top ten holdings are 42.7% of AIQ and 61.1% of NLR, a gap of 18.4 points.
- What each follows. AIQ follows Artificial intelligence and NLR follows Nuclear and uranium.
Data as of Oct 28, 2026.
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AIQ
By weight, 65% of AIQ'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 43% of the fund across 84 positions, as filed for May 31, 2026. Over the year to Oct 28, 2026 the fund returned +21.3% with distributions reinvested. It sits 8.2% below its all-time high of Jun 2, 2026.
NLR
By weight, 15% of NLR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 61% of the fund across 25 positions, as filed for Jun 30, 2026. Over the year to Oct 28, 2026 the fund returned −35.8% with distributions reinvested against +13.4% for its benchmark, the MSCI ACWI Index, so a holder was behind by 49.2 pts. It sits 41.6% below its all-time high of Jan 28, 2026.
Questions people ask
- Do AIQ and NLR hold the same stocks?
- By their latest filings, 0% 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
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 NLR, data as of Oct 28, 2026. https://etfiq.com/compare/themes/aiq-vs-nlr
ETFIQ. (Oct 28, 2026). AIQ against NLR. Retrieved from https://etfiq.com/compare/themes/aiq-vs-nlr
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