Data as of .
AIUP vs ALAI: which is really different?
AIUP and ALAI hold 32% of their weight in the same names.
ETFIQ Off-Index Score: AIUP 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
32% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, AIUP and ALAI hold 32% of their money in the same securities at the same weight.
| Holding | AIUP | ALAI |
|---|---|---|
| NVIDIA Corp | 15.46% | 12.01% |
| Amazon.com Inc | 14.81% | 5.27% |
| Alphabet Inc | 4.64% | 4.64% |
| Microsoft Corp | 4.64% | 4.69% |
| Meta Platforms Inc | 14.88% | 3.78% |
| AppLovin Corp | 4.77% | 2.05% |
| Only in AIUP | Only in ALAI |
|---|---|
| Palo Alto Networks Inc 4.69% | TAIWAN SEMICONDUCTOR MANUFACTURING COMPA 5.85% |
| Expand Energy Corp 4.65% | WESTERN DIGITAL CORP 4.26% |
| DoorDash Inc 4.60% | NEBIUS GROUP NV 4.04% |
| Visa Inc 4.60% | BROADCOM INC 3.70% |
| Mastercard Inc 4.59% | SPACE EXPLORATION TECHNOLOGIES CORP 3.03% |
| Booking Holdings Inc 4.45% | Anthropic PBC 2.87% |
| Boston Scientific Corp 4.45% | APPLE INC 2.78% |
| Uber Technologies Inc 4.39% | TESLA INC 2.52% |
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.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| AIUP | ALAI | AIUP | ALAI | AIUP | ALAI | |
| 3 months | +15.5% | −2.2% | +13.3 pts | −4.4 pts | +18.0 pts | +0.3 pts |
| 6 months | +29.3% | +38.0% | +11.3 pts | +19.9 pts | +5.1 pts | +13.7 pts |
| 1 year | not published | +25.6% | not published | +9.1 pts | not published | +3.9 pts |
| Since launch | +26.9% | +132.7% | +15.8 pts | +81.4 pts | +8.3 pts | +66.9 pts |
| AIUP FINQ FIRST U.S. Large Cap AI-Managed Equity ETF Holds 15 stocks in artificial intelligence, 100% 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 | FINQ | Alger |
| Theme | Artificial intelligence | Artificial intelligence |
| In the S&P 500 | 100.0% | 60.0% |
| Active share vs the S&P 500 | 76.1% | 65.2% |
| In the Nasdaq-100 | 77.3% | 54.4% |
| Holdings | 15 | 79 |
| Top ten, share of the fund | 77.7% | 51.3% |
| Expense ratio | 0.70% | 0.58% |
| Fee for the differing part | 0.92% | 0.89% |
| Total return, 1 year | +26.9% (since launch on Feb 6, 2026) | +25.6% |
| vs the S&P 500 | +15.8 pts | +9.1 pts |
| vs the Nasdaq-100 | +8.3 pts | +3.9 pts |
| Below its high | 0.0% | −2.2% |
| Net assets | $4m | $451m |
AIUP in plain words
By weight, 100% of AIUP's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 76%. The top ten holdings are 78% of the fund across 15 positions, as filed for Jun 30, 2026. Since it launched on Feb 6, 2026 the fund returned +26.9% with distributions reinvested against +11.2% for the S&P 500, so a holder was ahead by 15.8 pts.
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 AIUP and ALAI hold the same stocks?
- By their latest filings, 32% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, AIUP or ALAI?
- AIUP has 100% of its weight in S&P 500 names and ALAI has 60%, so AIUP differs more from the index.
- Which is cheaper, AIUP or ALAI?
- AIUP charges 0.70% 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, AIUP against ALAI, data as of Sep 18, 2026. https://etfiq.com/compare/themes/aiup-vs-alai Free to use with attribution; the underlying files are at Open data.