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Data as of Nov 12, 2026.

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AIX vs LUMA: Holdings Overlap & Returns

Return, fees and overlap, side by side.

Return gap
+24.4 pts
3 months to Nov 12, 2026: AIX ahead, total return
Fee gap
0.35 pts
A year: AIX 0.65%, LUMA 1.00%, per filings dated Jun 10, 2026 and Jul 8, 2026
Overlap
2%
Share of the two books held in common, holdings dated Nov 12, 2026 and Nov 11, 2026
Net flow
–
Needs daily flows for both funds

Pair scorecard

AIX costs 0.35 points a year less.

Points (pts) are percentage points.

AIX vs LUMA: Holdings Overlap & Returns
MeasureAIXLUMA
Drawdown
Below its all-time high11.5%, high on Oct 6, 202633.8%, high on Oct 6, 2026
Benchmark
What it tracksArtificial intelligenceAI infrastructure and chips
Cost and size
Expense ratio0.65%1.00%
Net assets, as of Nov 11, 2026$457,271$10m
Holdings
Holdings in common2%

Method

Key numbers
90.3%
AIX in the S&P 500
19.4%
LUMA in the S&P 500
−9.5%
AIX total return, since launch, Jun 30, 2026
−23.5%
LUMA total return, since launch, Jul 15, 2026
AIX · 3 months to Nov 12, 2026 10% of its weight is outside the S&P 500
10% of its weight is outside the S&P 50090% of AIX's weight is in S&P 500 companies and 10% is outside the index. Holdings as of Nov 12, 2026.90%10%of its weight in S&P 500 companiesoutsideactive share 64% · top ten 55% of the fund · 30 holdings as published by its issuer for Nov 12, 2026 · Nasdaq-100: 100% in10% of its weight is outside the S&P 50090% of AIX's weight is in S&P 500 companies and 10% is outside the index. Holdings as of Nov 12, 2026.90%10%of its weight in S&P 500 companies10% of its weight outside the S&P 500active share 64% · Nasdaq-100: 100% in

90% of AIX's weight is in S&P 500 companies and 10% is outside the index. Holdings as of Nov 12, 2026.

LUMA · 3 months to Nov 12, 2026 81% of its weight is outside the S&P 500
81% of its weight is outside the S&P 50019% of LUMA's weight is in S&P 500 companies and 81% is outside the index. Holdings as of Nov 11, 2026.19%81%in the S&P 500of its weight outside the S&P 500active share 99% · top ten 55% of the fund · 27 holdings as published by its issuer for Nov 11, 2026 · Nasdaq-100: 9% in81% of its weight is outside the S&P 50019% of LUMA's weight is in S&P 500 companies and 81% is outside the index. Holdings as of Nov 11, 2026.19%81%inoutside the S&P 500active share 99% · Nasdaq-100: 9% in

19% of LUMA's weight is in S&P 500 companies and 81% is outside the index. Holdings as of Nov 11, 2026.

What they share

2%

By the books each fund has filed, AIX and LUMA hold 2% of their money in the same securities at the same weight. Holdings dated Nov 11, 2026 and Nov 12, 2026.

0 half 100%

half

2% in common

Positions both hold · largest shared weight first AIX LUMA
Marvell Technology Inc 2.34% 3.84%
Only in one fund ↓
Only in AIX
Microsoft Corp 6.40%
Palantir Technologies Inc 6.34%
Advanced Micro Devices Inc 6.27%
Apple Inc 5.89%
Amazon.com Inc 5.38%
Meta Platforms Inc 5.31%
Tesla Inc 5.04%
Broadcom Inc 4.70%
Only in LUMA
AYAR LABS INC 9.61%
COHERENT CORP 5.72%
MACOM TECHNOLOGY SOLUTIONS H 5.72%
AIXTRON SE 5.65%
LAND MARK OPTOELECTRONICS 5.31%
LUMENTUM HOLDINGS INC 4.74%
EOPTOLINK TECHNOLOGY INC L-A 4.71%
TOWER SEMICONDUCTOR LTD 4.61%
Check overlap with more funds →

Window by window

Window by window: AIX vs LUMA: Holdings Overlap & Returns
Total returnvs its benchmark
WindowAIXLUMAAIXLUMA
3 months−4.6%−29.0%not measured−20.7 pts vs EEM
Since launchNot the same days: AIX Jun 2026 · LUMA Jul 2026−9.5%−23.5%not measured−16.7 pts vs EEM

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Side by side

AIX Defiance US 100 Tech AI Moat ETF · Holds 30 stocks in artificial intelligence, 90% of its weight in S&P 500 companies LUMA KraneShares Photonic and Optical ETF · Holds 27 stocks in aI infrastructure and chips, 19% of its weight in S&P 500 companies
Issuer Defiance KraneShares
Theme Artificial intelligence AI infrastructure and chips
In the S&P 500 90.3% 19.4%
Active share vs the S&P 500 64.4% 99.0%
In the Nasdaq-100 99.6% 8.6%
Holdings 30 27
Top ten, share of the fund 54.6% 54.7%
Expense ratio 0.65% 1.00%
Fee for the differing part 1.01% 1.01%
Total return, 1 year −9.5% (since launch, Jun 30, 2026) −23.5% (since launch, Jul 15, 2026)
vs its benchmark not measured −16.7 pts vs EEM (since launch, Jul 15, 2026)
Below its high −11.5% −33.8%
Net assets, as of Nov 11, 2026 $457,271 $10m

As of Nov 12, 2026. Source: ETFIQ.

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

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About each fund
AIX

By weight, 90% 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 55% of the fund across 30 positions, as published by its issuer for Nov 12, 2026. Since it first traded on Jun 30, 2026 the fund returned −9.5% with distributions reinvested. It sits 11.5% below its all-time high of Oct 6, 2026.

LUMA

By weight, 19% of LUMA'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 55% of the fund across 27 positions, as published by its issuer for Nov 11, 2026. Since it first traded on Jul 15, 2026 the fund returned −23.5% with distributions reinvested. It sits 33.8% below its all-time high of Oct 6, 2026.

Questions people ask

Do AIX and LUMA 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, AIX or LUMA?
AIX has 90% of its weight in S&P 500 names and LUMA has 19%, so LUMA differs more from the index.
Which is cheaper, AIX or LUMA?
AIX charges 0.65% a year and LUMA charges 1.00%, so AIX is cheaper. Fees come from each fund's prospectus.
Other comparisons
AIX vs IVEPAIX vs COOLAIX vs CGPTAIX vs AINFLUMA vs DRGNLUMA vs NEWZLUMA vs DRAILUMA vs WISE
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →AIX on its own →LUMA on its own →AIX holdings →LUMA holdings →Method →Standards and sources →
Sources and dates
AIX filings on SEC EDGAR ↗
AIX prospectus with the expense ratio (SEC) ↗
Defiance page for AIX ↗
LUMA filings on SEC EDGAR ↗
LUMA prospectus with the expense ratio (SEC) ↗
KraneShares page for LUMA ↗

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, AIX against LUMA, data as of Nov 12, 2026. https://etfiq.com/compare/themes/aix-vs-luma

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

AIX and LUMA hold 2% of their weight in the same names.

AIX on its own →LUMA on its own →
Growth of 100

AIX and LUMA

Total return, distributions reinvested, 3 months.

AIX −4.6%LUMA −29.0%
Aug 13, 2026Nov 12, 2026

AIX −4.6%, LUMA −29.0%: AIX +24.4 pts ahead, 3 months, Aug 13, 2026 to Nov 12, 2026.