Data as of .
AIS vs ALAI: which is really different?
AIS and ALAI hold 17% of their weight in the same names, and AIS returned more over the year.
ETFIQ Off-Index Score: AIS scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
17% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, AIS and ALAI hold 17% of their money in the same securities at the same weight.
| Holding | AIS | ALAI |
|---|---|---|
| Taiwan Semiconductor Manufacturing Co Ltd | 3.62% | 5.85% |
| NVIDIA Corp | 2.02% | 12.01% |
| Seagate Technology Holdings PLC | 2.44% | 1.95% |
| Micron Technology Inc | 7.19% | 1.46% |
| Astera Labs Inc | 1.76% | 1.35% |
| Advanced Micro Devices Inc | 5.52% | 1.33% |
| GE Vernova Inc | 2.60% | 1.29% |
| Western Digital Corp | 1.11% | 4.26% |
| Broadcom Inc | 0.69% | 3.70% |
| Sandisk Corp | 1.91% | 0.62% |
| Arista Networks Inc | 1.95% | 0.40% |
| SK hynix Inc | 8.24% | 0.29% |
| Only in AIS | Only in ALAI |
|---|---|
| Semtech Corp 4.68% | AMAZON.COM INC 5.27% |
| MARVELL TECHNOLOGY INC 4.01% | MICROSOFT CORP 4.69% |
| Intel Corp 3.35% | ALPHABET INC 4.64% |
| Vertiv Holdings Co 3.22% | NEBIUS GROUP NV 4.04% |
| Silicon Motion Technology Corp 3.15% | META PLATFORMS INC 3.78% |
| Foxconn Industrial Internet Co Ltd 2.67% | SPACE EXPLORATION TECHNOLOGIES CORP 3.03% |
| Corning Inc 1.99% | Anthropic PBC 2.87% |
| Vicor Corp 1.98% | APPLE INC 2.78% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| AIS | ALAI | AIS | ALAI | AIS | ALAI | |
| 3 months | −15.6% | −2.2% | −17.8 pts | −4.4 pts | −13.1 pts | +0.3 pts |
| 6 months | +67.5% | +38.0% | +49.5 pts | +19.9 pts | +43.3 pts | +13.7 pts |
| 1 year | +107.6% | +25.6% | +91.1 pts | +9.1 pts | +85.9 pts | +3.9 pts |
| Since launch | +188.0% | +132.7% | +159.0 pts | +81.4 pts | +147.2 pts | +66.9 pts |
| AIS VistaShares Artificial Intelligence Supercycle ETF Holds 60 stocks in artificial intelligence, 41% of its weight in S&P 500 companies | ALAI Alger AI Enablers & Adopters ETF Holds 79 stocks in artificial intelligence, 60% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | VistaShares | Alger |
| Theme | Artificial intelligence | Artificial intelligence |
| In the S&P 500 | 41.2% | 60.0% |
| Active share vs the S&P 500 | 88.9% | 65.2% |
| In the Nasdaq-100 | 32.8% | 54.4% |
| Holdings | 60 | 79 |
| Top ten, share of the fund | 45.6% | 51.3% |
| Expense ratio | 0.75% | 0.58% |
| Fee for the differing part | 0.84% | 0.89% |
| Total return, 1 year | +107.6% | +25.6% |
| vs the S&P 500 | +91.1 pts | +9.1 pts |
| vs the Nasdaq-100 | +85.9 pts | +3.9 pts |
| Below its high | −18.3% | −2.2% |
| Net assets | $1.0bn | $451m |
AIS in plain words
By weight, 41% of AIS's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 89%. The top ten holdings are 46% of the fund across 60 positions, as published by its issuer for Sep 21, 2026. Over the year to Sep 18, 2026 the fund returned +107.6% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 91.1 pts. It sits 18.3% below its all-time high of Jun 22, 2026.
ALAI in plain words
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 51% of the fund across 79 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned +25.6% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 9.1 pts.
Questions people ask
- Do AIS and ALAI hold the same stocks?
- By their latest filings, 17% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, AIS or ALAI?
- AIS has 41% of its weight in S&P 500 names and ALAI has 60%, so AIS differs more from the index.
- Which is cheaper, AIS or ALAI?
- AIS charges 0.75% a year and ALAI charges 0.58%, so ALAI is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, AIS against ALAI, data as of Sep 18, 2026. https://etfiq.com/compare/themes/ais-vs-alai Free to use with attribution; the underlying files are at Open data.