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Data as of Nov 4, 2026.

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Thematic ETFs

AIUP vs ALAI: Holdings Overlap & Returns

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AIUP and ALAI hold 33% of their weight in the same names.

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Net assets on Jun 30, 2026: $4.0m for FINQ FIRST U.S. Large Cap AI-Managed Equity ETF and $451m for Alger AI Enablers & Adopters ETF.

AIUP on its own →ALAI on its own →
At a glance
100.0%
AIUP in the S&P 500
60.0%
ALAI in the S&P 500
−3.2%
AIUP total return, since launch, Feb 6, 2026
+9.9%
ALAI total return, 1 year
AIUP · 6 months to Nov 4, 2026 0% of its weight is outside the S&P 500
0% of its weight is outside the S&P 500100% of AIUP's weight is in S&P 500 companies and 0% is outside the index. Holdings as of Jun 30, 2026.100%0%of its weight in S&P 500 companies0% of its weight outside the S&P 500active share 76% · top ten 78% of the fund · 15 holdings as filed for Jun 30, 2026 · Nasdaq-100: 77% in0% of its weight is outside the S&P 500100% of AIUP's weight is in S&P 500 companies and 0% is outside the index. Holdings as of Jun 30, 2026.100%0%of its weight in S&P 500 companies0% of its weight outside the S&P 500active share 76% · Nasdaq-100: 77% in

100% of AIUP's weight is in S&P 500 companies and 0% is outside the index. Holdings as of Jun 30, 2026.

ALAI · 1 year to Nov 4, 2026 40% of its weight is outside the S&P 500
40% of its weight is outside the S&P 50060% of ALAI's weight is in S&P 500 companies and 40% is outside the index. Holdings as of Jun 30, 2026.60%40%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 65% · top ten 52% of the fund · 79 holdings as filed for Jun 30, 2026 · Nasdaq-100: 63% in40% of its weight is outside the S&P 50060% of ALAI's weight is in S&P 500 companies and 40% is outside the index. Holdings as of Jun 30, 2026.60%40%in the S&P 500outsideactive share 65% · Nasdaq-100: 63% in

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 0.12 points a year less; ALAI is far larger, $451m against $4.0m.

Points (pts) are percentage points.

AIUP vs ALAI: Holdings Overlap & Returns
MeasureAIUPALAI
Return
Total return, 1 yearnot published+9.9%
Drawdown
Below its all-time high27.4%, high on Sep 22, 202615.2%, high on Oct 6, 2026
Against its benchmark
What it tracksArtificial intelligenceArtificial intelligence
Against the S&P 500, 1 yearbehind by 4.9 pts
Its benchmark, total return, 1 year+14.8%
Against its benchmark, 1 yearbehind by 4.9 pts
Cost and size
Expense ratio0.70%0.58%
Net assets, as of Jun 30, 2026$4.0m$451m
Holdings
Holdings in common33%
ETFIQ S&P 500 Difference Score · AIUP scores higher How much of its weight does it not share with the S&P 500?
IQ Themes Score25AIUP7.5ALAI

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

0.4, the lowest in this set 99.6, the highest

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 →

Method

What they share

33%

By the books each fund has filed, AIUP and ALAI hold 33% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.

0 half 100%

half

33% in common

Positions both hold · largest shared weight first AIUP ALAI
NVIDIA Corp 15.46% 12.25%
Amazon.com Inc 14.81% 5.37%
Alphabet Inc 4.65% 4.73%
Microsoft Corp 4.64% 4.78%
Meta Platforms Inc 14.88% 3.85%
AppLovin Corp 4.77% 2.09%
Only in one fund ↓
Only in AIUP
Palo Alto Networks Inc 4.69%
Expand Energy Corp 4.65%
DoorDash Inc 4.60%
Visa Inc 4.60%
Mastercard Inc 4.59%
Booking Holdings Inc 4.45%
Boston Scientific Corp 4.45%
Uber Technologies Inc 4.40%
Only in ALAI
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD 5.96%
WESTERN DIGITAL CORP 4.34%
NEBIUS GROUP NV 4.12%
BROADCOM INC 3.78%
SPACE EXPLORATION TECHNOLOGIES CORP 3.09%
Anthropic PBC 2.92%
APPLE INC 2.83%
TESLA INC 2.57%
Check overlap with more funds →

Window by window

Window by window: AIUP vs ALAI: Holdings Overlap & Returns
Total returnvs its benchmark
WindowAIUPALAIAIUPALAI
3 months−19.8%−9.3%−19.7 pts vs VOO−9.2 pts vs VOO
6 months−11.9%−3.5%−16.9 pts vs VOO−8.5 pts vs VOO
1 year–+9.9%–−4.9 pts vs VOO
Since launchNot the same days: AIUP Feb 2026 · ALAI Apr 2024−3.2%+107.2%−15.1 pts vs VOO+54.7 pts vs VOO

– means no data for this window. Open this comparison in the app →

Side by side

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% 62.8%
Holdings 15 79
Top ten, share of the fund 77.7% 52.3%
Expense ratio 0.70% 0.58%
Fee for the differing part 0.92% 0.89%
Total return, 1 year −3.2% (since launch, Feb 6, 2026) +9.9%
vs its benchmark −15.1 pts vs VOO (since launch, Feb 6, 2026) −4.9 pts vs VOO
Below its high −27.4% −15.2%
Net assets, as of Jun 30, 2026 $4.0m $451m

As of Nov 4, 2026. Source: ETFIQ.

33% of the two portfolios are the same securities at the same weight.

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About each fund
AIUP

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 first traded on Feb 6, 2026 the fund returned −3.2% with distributions reinvested. It sits 27.4% below its all-time high of Sep 22, 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 AIUP and ALAI hold the same stocks?
By their latest filings, 33% 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, 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
AIUP vs AIXAIUP vs THNQAIUP vs KOIDAIUP vs WTAIALAI vs KAITALAI vs EPAIALAI vs LQAIALAI vs XA
Where to next
AIUP on its own →ALAI on its own →AIUP holdings →ALAI dividend history →ALAI holdings →Method →Standards and sources →
Sources and dates
AIUP filings on SEC EDGAR ↗
AIUP prospectus with the expense ratio (SEC) ↗
FINQ website ↗
ALAI filings on SEC EDGAR ↗
ALAI prospectus with the expense ratio (SEC) ↗
Alger website ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, AIUP against ALAI, data as of Nov 4, 2026. https://etfiq.com/compare/themes/aiup-vs-alai

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.