Data as of .
AIX vs ALAI: which is really different?
AIX and ALAI hold 41% of their weight in the same names.
ETFIQ Off-Index Score: ALAI 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
41% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, AIX and ALAI hold 41% of their money in the same securities at the same weight.
| Holding | AIX | ALAI |
|---|---|---|
| Nvidia Corp | 5.07% | 12.01% |
| Amazon.com Inc | 4.84% | 5.27% |
| Microsoft Corp | 5.73% | 4.69% |
| Alphabet Inc | 4.49% | 4.64% |
| Meta Platforms Inc | 5.38% | 3.78% |
| Broadcom Inc | 4.44% | 3.70% |
| Space Exploration Technologies Corp | 4.75% | 3.03% |
| Apple Inc | 5.30% | 2.78% |
| Tesla Inc | 4.38% | 2.52% |
| Applovin Corp | 1.60% | 2.05% |
| Micron Technology Inc | 5.27% | 1.46% |
| Advanced Micro Devices Inc | 5.69% | 1.33% |
| Only in AIX | Only in ALAI |
|---|---|
| Palantir Technologies Inc 6.26% | TAIWAN SEMICONDUCTOR MANUFACTURING COMPA 5.85% |
| Intel Corp 4.64% | WESTERN DIGITAL CORP 4.26% |
| Kla Corp 3.60% | NEBIUS GROUP NV 4.04% |
| Marvell Technology Inc 3.34% | Anthropic PBC 2.87% |
| Qualcomm Inc 2.87% | SEAGATE TECHNOLOGY HOLDINGS PLC 1.95% |
| Analog Devices Inc 2.80% | TALEN ENERGY CORP 1.95% |
| T-mobile Us Inc 2.79% | DISRUPTIVE TECHNOLOGY SOL 1.92% |
| Automatic Data Processing Inc 1.69% | SEA LTD 1.61% |
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 | |||
|---|---|---|---|---|---|---|
| AIX | ALAI | AIX | ALAI | AIX | ALAI | |
| 3 months | not published | −2.2% | not published | −4.4 pts | not published | +0.3 pts |
| 6 months | not published | +38.0% | not published | +19.9 pts | not published | +13.7 pts |
| 1 year | not published | +25.6% | not published | +9.1 pts | not published | +3.9 pts |
| Since launch | −4.6% | +132.7% | −6.9 pts | +81.4 pts | −2.6 pts | +66.9 pts |
| AIX Defiance US 100 Tech AI Moat ETF Holds 32 stocks in artificial intelligence, 88% 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 | Defiance | Alger |
| Theme | Artificial intelligence | Artificial intelligence |
| In the S&P 500 | 88.0% | 60.0% |
| Active share vs the S&P 500 | 64.0% | 65.2% |
| In the Nasdaq-100 | 94.3% | 54.4% |
| Holdings | 32 | 79 |
| Top ten, share of the fund | 52.9% | 51.3% |
| Expense ratio | 0.65% | 0.58% |
| Fee for the differing part | 1.02% | 0.89% |
| Total return, 1 year | −4.6% (since launch on Jun 30, 2026) | +25.6% |
| vs the S&P 500 | −6.9 pts | +9.1 pts |
| vs the Nasdaq-100 | −2.6 pts | +3.9 pts |
| Below its high | −4.6% | −2.2% |
| Net assets | $482,327 | $451m |
AIX in plain words
By weight, 88% of AIX's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 64%. The top ten holdings are 53% of the fund across 32 positions, as published by its issuer for Sep 21, 2026. Since it launched on Jun 30, 2026 the fund returned −4.6% with distributions reinvested against +2.3% for the S&P 500, so a holder was behind by 6.9 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 AIX and ALAI hold the same stocks?
- By their latest filings, 41% 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, AIX or ALAI?
- AIX has 88% of its weight in S&P 500 names and ALAI has 60%, so ALAI differs more from the index.
- Which is cheaper, AIX or ALAI?
- AIX charges 0.65% 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, AIX against ALAI, data as of Sep 18, 2026. https://etfiq.com/compare/themes/aix-vs-alai Free to use with attribution; the underlying files are at Open data.