Do ALAI and BAI hold the same stocks?

By their latest filings, 34% 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, ALAI or BAI?

ALAI has 60% of its weight in S&P 500 names and BAI has 51%, so BAI differs more from the index.

Which is cheaper, ALAI or BAI?

ALAI charges 0.58% a year and BAI charges 0.55%, so BAI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

ALAI vs BAI: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, ALAI returned +9.9% to BAI's +5.2%; 34% of their weight is in the same names.

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Net assets: $451m on Jun 30, 2026 for Alger AI Enablers & Adopters ETF, and $11.9bn on Nov 3, 2026 for iShares A.I. Innovation and Tech Active ETF.

ALAI on its own →BAI on its own →

At a glance

60.0%

ALAI in the S&P 500

51.3%

BAI in the S&P 500

+9.9%

ALAI total return, 1 year

+5.2%

BAI total return, 1 year

ALAI · 1 year to Nov 4, 2026 40% of its weight is outside the S&P 500

60% of ALAI's weight is in S&P 500 companies and 40% is outside the index. Holdings as of Jun 30, 2026.

BAI · 1 year to Nov 4, 2026 49% of its weight is outside the S&P 500

51% of BAI's weight is in S&P 500 companies and 49% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

BAI costs 0.03 points a year less; their one-year returns differ by 4.7 points.

Points (pts) are percentage points.

ALAI vs BAI: Holdings Overlap & Returns
Measure	ALAI	BAI
Return
Measure	ALAI	BAI
Total return, 1 year	+9.9%	+5.2%
Drawdown
Measure	ALAI	BAI
Below its all-time high	15.2%, high on Oct 6, 2026	31.3%, high on Jun 22, 2026
Against its benchmark
Measure	ALAI	BAI
What it tracks	Artificial intelligence	Artificial intelligence
Against the S&P 500, 1 year	behind by 4.9 pts
Its benchmark, total return, 1 year	+14.8%	+32.9%
Against its benchmark, 1 year	behind by 4.9 pts	behind by 27.7 pts
Cost and size
Measure	ALAI	BAI
Expense ratio	0.58%	0.55%
Net assets, ALAI as of Jun 30, 2026 and BAI as of Nov 3, 2026	$451m	$11.9bn
Holdings
Measure	ALAI	BAI
Holdings in common	34%

ETFIQ S&P 500 Difference Score · BAI scores higher How much of its weight does it not share with the S&P 500?

IQ Themes Score7.5ALAI25.9BAI

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

ALAI 7.5

BAI 25.9

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

34%

By the books each fund has filed, ALAI and BAI hold 34% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

34% in common

Positions both hold · largest shared weight first ALAI BAI

NVIDIA CORP 12.25% 5.92%

TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD 5.96% 5.15%

BROADCOM INC 3.78% 4.64%

SPACE EXPLORATION TECHNOLOGIES CORP 3.09% 3.92%

MICROSOFT CORP 4.78% 2.81%

AMAZON.COM INC 5.37% 2.60%

WESTERN DIGITAL CORP 4.34% 2.31%

MICRON TECHNOLOGY INC 1.49% 6.01%

ADVANCED MICRO DEVICES INC 1.35% 5.32%

TESLA INC 2.57% 1.33%

SNOWFLAKE INC 1.04% 3.12%

LUMENTUM HOLDINGS INC 0.75% 2.22%

Only in one fund ↓

Only in ALAI

ALPHABET INC 4.73%

NEBIUS GROUP NV 4.12%

META PLATFORMS INC 3.85%

Anthropic PBC 2.92%

APPLE INC 2.83%

APPLOVIN CORP 2.09%

SEAGATE TECHNOLOGY HOLDINGS PLC 1.98%

TALEN ENERGY CORP 1.98%

Only in BAI

LAM RESEARCH 3.45%

CROWDSTRIKE HOLDINGS CLASS A 2.52%

ELITE MATERIAL 2.41%

ASIA VITAL COMPONENTS 2.37%

MARVELL TECHNOLOGY 2.19%

UNIMICRON TECHNOLOGY 2.10%

ASE TECHNOLOGY HOLDING 1.96%

PALO ALTO NETWORKS 1.86%

Check overlap with more funds →

Window by window

Window by window: ALAI vs BAI: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	ALAI	BAI	ALAI	BAI
3 months	−9.3%	−15.8%	−9.2 pts vs VOO	−6.6 pts vs ARTY
6 months	−3.5%	−19.2%	−8.5 pts vs VOO	−16.0 pts vs ARTY
1 year	+9.9%	+5.2%	−4.9 pts vs VOO	−27.7 pts vs ARTY
Since launchNot the same days: ALAI Apr 2024 · BAI Oct 2024	+107.2%	+51.4%	+54.7 pts vs VOO	−34.2 pts vs ARTY

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Side by side

ALAI Alger AI Enablers & Adopters ETF · Holds 79 stocks in artificial intelligence, 60% of its weight in S&P 500 companies BAI iShares A.I. Innovation and Tech Active ETF · Holds 51 stocks in artificial intelligence, 51% of its weight in S&P 500 companies

Issuer Alger iShares

Theme Artificial intelligence Artificial intelligence

In the S&P 500 60.0% 51.3%

Active share vs the S&P 500 65.2% 76.7%

In the Nasdaq-100 62.8% 47.0%

Holdings 79 51

Top ten, share of the fund 52.3% 42.9%

Expense ratio 0.58% 0.55%

Fee for the differing part 0.89% 0.72%

Total return, 1 year +9.9% +5.2%

vs its benchmark −4.9 pts vs VOO −27.7 pts vs ARTY

Below its high −15.2% −31.3%

Net assets, ALAI as of Jun 30, 2026 and BAI as of Nov 3, 2026 $451m $11.9bn

As of Nov 4, 2026. Source: ETFIQ.

34% of the two portfolios are the same securities at the same weight.

Alert

About each fund

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.

BAI

By weight, 51% of BAI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 77%. The top ten holdings are 43% of the fund across 51 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +5.2% with distributions reinvested against +32.9% for its benchmark, the Morningstar Global Artificial Intelligence Select Index, so a holder was behind by 27.7 pts. It sits 31.3% below its all-time high of Jun 22, 2026.

Questions people ask

Do ALAI and BAI hold the same stocks?: By their latest filings, 34% 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, ALAI or BAI?: ALAI has 60% of its weight in S&P 500 names and BAI has 51%, so BAI differs more from the index.
Which is cheaper, ALAI or BAI?: ALAI charges 0.58% a year and BAI charges 0.55%, so BAI is cheaper. Fees come from each fund's prospectus.

Other comparisons

ALAI vs ARTY ALAI vs FAI ALAI vs XAIX ALAI vs JHAI BAI vs THNQ BAI vs KOID BAI vs WTAI BAI vs ROBT

Where to next

ALAI on its own →BAI on its own →ALAI dividend history →ALAI holdings →BAI dividend history →BAI holdings →Method →Standards and sources →

Sources and dates

ALAI filings on SEC EDGAR ↗

ALAI prospectus with the expense ratio (SEC) ↗

Alger website ↗

BAI filings on SEC EDGAR ↗

BAI prospectus with the expense ratio (SEC) ↗

iShares page for BAI ↗

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

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