Do AIQ and SHLD hold the same stocks?

By their latest filings, 2% 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, AIQ or SHLD?

AIQ has 65% of its weight in S&P 500 names and SHLD has 45%, so SHLD differs more from the index.

Which is cheaper, AIQ or SHLD?

AIQ charges 0.68% a year and SHLD charges 0.50%, so SHLD is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Thematic ETFs

AIQ vs SHLD: Holdings Overlap & Returns

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Over the year to Oct 28, 2026, AIQ returned +21.3% to SHLD's −6.5%; 2% of their weight is in the same names.

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Net assets on Oct 12, 2026: $10.6bn for Global X Artificial Intelligence & Technology ETF and $6.3bn for Global X Defense Tech ETF.

AIQ on its own →SHLD on its own →

At a glance

64.7%

AIQ in the S&P 500

44.6%

SHLD in the S&P 500

+21.3%

AIQ total return, 1 year

−6.5%

SHLD total return, 1 year

AIQ · 1 year to Oct 28, 2026 35% of its weight is outside the S&P 500

65% of AIQ's weight is in S&P 500 companies and 35% is outside the index. Holdings as of May 31, 2026.

SHLD · 1 year to Oct 28, 2026 55% of its weight is outside the S&P 500

45% of SHLD's weight is in S&P 500 companies and 55% is outside the index. Holdings as of May 31, 2026.

Pair scorecard

SHLD costs 0.18 points a year less; their one-year returns differ by 27.8 points; AIQ is 1.7 times larger.

AIQ vs SHLD: Holdings Overlap & Returns
Measure	AIQ	SHLD
Return
Measure	AIQ	SHLD
Total return, 1 year	+21.3%	−6.5%
Drawdown
Measure	AIQ	SHLD
Below its all-time high	8.2%, high on Jun 2, 2026	18.6%, high on Mar 9, 2026
Benchmark
Measure	AIQ	SHLD
What it tracks	Artificial intelligence	Defense
Cost and size
Measure	AIQ	SHLD
Expense ratio	0.68%	0.50%
Net assets, as of Oct 12, 2026	$10.6bn	$6.3bn
Holdings
Measure	AIQ	SHLD
Holdings in common	2%

Holdings in common uses holdings dated May 31, 2026. Method

Risk and return

Sep 22, 2023 to Oct 23, 2026 · 161 weekly returns

AIQ SHLD

Return

Total return edge SHLD +132.1% +161.2%

Annualized edge SHLD +31.2% +36.4%

Price return edge SHLD +131.1% +156.8%

Risk

Volatility edge Tie 23.6% 24.0%

Max drawdown edge AIQ (slight) −23.6% −25.1%

Risk-adjusted

Sharpe edge SHLD 1.08 1.23

Sortino edge SHLD 1.69 2.17

Calmar edge SHLD (slight) 1.32 1.45

Reading

SHLD returned more: +161.2% to +132.1%. AIQ and SHLD swung about the same: 23.6% and 24.0%. AIQ fell slightly less at its worst: −23.6% to −25.1%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: AIQ vs SHLD: Holdings Overlap & Returns
Measure	AIQ	SHLD	Edge	How it is measured
Return
Total return	+132.1%	+161.2%	SHLD	Price change plus distributions, reinvested.
Annualized	+31.2%	+36.4%	SHLD	Total return as a yearly rate.
Price return	+131.1%	+156.8%	SHLD	Price change alone, distributions left out.
Risk
Volatility	23.6%	24.0%	Tie	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	15.2%	13.5%	SHLD	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−23.6%	−25.1%	AIQ (slight)	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	1.08	1.23	SHLD	Return above Treasury bills per unit of volatility.
Sortino	1.69	2.17	SHLD	Return above Treasury bills per unit of downside deviation.
Calmar	1.32	1.45	SHLD (slight)	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 161 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, AIQ and SHLD hold 2% of their money in the same securities at the same weight. Holdings dated May 31, 2026.

50%

0 half 100%

half

2% in common

Positions both hold · largest shared weight first AIQ SHLD

PALANTIR TECHNOLOGIES INC. 2.23% 7.07%

Only in one fund ↓

Only in AIQ

SK hynix Inc. 7.12%

MICRON TECHNOLOGY, INC. 5.76%

ADVANCED MICRO DEVICES, INC. 4.80%

Samsung Electronics Co., Ltd. 4.79%

INTEL CORPORATION 4.18%

CISCO SYSTEMS, INC. 3.82%

BROADCOM INC. 3.24%

Taiwan Semiconductor Manufacturing Company Limited 3.02%

Only in SHLD

LOCKHEED MARTIN CORPORATION 8.41%

RTX CORPORATION 7.75%

GENERAL DYNAMICS CORPORATION 7.67%

Rheinmetall Aktiengesellschaft 5.76%

BAE SYSTEMS PLC 4.88%

L3HARRIS TECHNOLOGIES, INC. 4.69%

HANWHA AEROSPACE CO., LTD. 4.40%

LEONARDO - SOCIETA PER AZIONI 4.35%

Check overlap with more funds →

Window by window

Window by window: AIQ vs SHLD: Holdings Overlap & Returns
	Total return
Window	AIQ	SHLD
3 months	+15.0%	+2.0%
6 months	+17.0%	−4.7%
1 year	+21.3%	−6.5%
3 years	+151.9%	+156.5%
Since launchNot the same days: AIQ May 2018 · SHLD Sep 2023	+340.8%	+160.2%

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Side by side

AIQ Global X Artificial Intelligence & Technology ETF · Holds 84 stocks in artificial intelligence, 65% of its weight in S&P 500 companies SHLD Global X Defense Tech ETF · Holds 48 stocks in defense, 45% of its weight in S&P 500 companies

Issuer Global X Global X

Theme Artificial intelligence Defense

In the S&P 500 64.7% 44.6%

Active share vs the S&P 500 70.2% 98.7%

In the Nasdaq-100 55.8% 7.1%

Holdings 84 48

Top ten, share of the fund 42.7% 59.3%

Expense ratio 0.68% 0.50%

Fee for the differing part 0.97% 0.51%

Total return, 1 year +21.3% −6.5%

vs its benchmark not measured not measured

Below its high −8.2% −18.6%

Net assets, as of Oct 12, 2026 $10.6bn $6.3bn

As of Oct 28, 2026. Source: ETFIQ.

2% of the two portfolios are the same securities at the same weight.

Client brief · page 1 of 2 Report BR-EA407F2889

AIQ and SHLD are built for the same job. How do they differ in cost, holdings and results?

Theme. AIQ covers Artificial intelligence and SHLD covers Defense.
Concentration. The top ten holdings are 42.7% of AIQ and 59.3% of SHLD, a gap of 16.6 points.
What each follows. AIQ follows Artificial intelligence and SHLD follows Defense.

Data as of Oct 28, 2026.

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About each fund

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.

SHLD

By weight, 45% of SHLD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 59% of the fund across 48 positions, as filed for May 31, 2026. Over the year to Oct 28, 2026 the fund returned −6.5% with distributions reinvested. It sits 18.6% below its all-time high of Mar 9, 2026.

Questions people ask

Do AIQ and SHLD hold the same stocks?: By their latest filings, 2% 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, AIQ or SHLD?: AIQ has 65% of its weight in S&P 500 names and SHLD has 45%, so SHLD differs more from the index.
Which is cheaper, AIQ or SHLD?: AIQ charges 0.68% a year and SHLD charges 0.50%, so SHLD is cheaper. Fees come from each fund's prospectus.

Other comparisons

AIQ vs PPA AIQ vs ITA AIQ vs XAR AIQ vs IDEF SHLD vs BAI SHLD vs ARTY SHLD vs XBI SHLD vs IGF

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →AIQ on its own →SHLD on its own →AIQ dividend history →AIQ holdings →SHLD dividend history →SHLD holdings →Method →Standards and sources →

Sources and dates

AIQ and SHLD filings on SEC EDGAR ↗

AIQ and SHLD prospectus with the expense ratio (SEC) ↗

Global X page for AIQ ↗

Global X page for SHLD ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, AIQ against SHLD, data as of Oct 28, 2026. https://etfiq.com/compare/themes/aiq-vs-shld

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