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Data as of Nov 4, 2026.

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Thematic ETFs

ALAI vs CHAT: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, ALAI returned +9.9% to CHAT's +16.2%; 46% 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 $1.5bn on Nov 4, 2026 for Roundhill Generative AI & Technology ETF.

ALAI on its own →CHAT on its own →
At a glance
60.0%
ALAI in the S&P 500
60.9%
CHAT in the S&P 500
+9.9%
ALAI total return, 1 year
+16.2%
CHAT total return, 1 year
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.

CHAT · 1 year to Nov 4, 2026 39% of its weight is outside the S&P 500
39% of its weight is outside the S&P 50061% of CHAT's weight is in S&P 500 companies and 39% is outside the index. Holdings as of Nov 4, 2026.61%39%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 70% · top ten 48% of the fund · 35 holdings as published by its issuer for Nov 4, 2026 · Nasdaq-100: 68% in39% of its weight is outside the S&P 50061% of CHAT's weight is in S&P 500 companies and 39% is outside the index. Holdings as of Nov 4, 2026.61%39%in the S&P 500outsideactive share 70% · Nasdaq-100: 68% in

61% of CHAT's weight is in S&P 500 companies and 39% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

ALAI costs 0.17 points a year less; their one-year returns differ by 6.3 points.

Points (pts) are percentage points.

ALAI vs CHAT: Holdings Overlap & Returns
MeasureALAICHAT
Return
Total return, 1 year+9.9%+16.2%
Drawdown
Below its all-time high15.2%, high on Oct 6, 202630.0%, high on Jun 22, 2026
Against its benchmark
What it tracksArtificial intelligenceArtificial intelligence
Against the S&P 500, 1 yearbehind by 4.9 ptsahead by 1.4 pts
Its benchmark, total return, 1 year+14.8%+14.8%
Against its benchmark, 1 yearbehind by 4.9 ptsahead by 1.4 pts
Cost and size
Expense ratio0.58%0.75%
Net assets, ALAI as of Jun 30, 2026 and CHAT as of Nov 4, 2026$451m$1.5bn
Holdings
Holdings in common46%
ETFIQ S&P 500 Difference Score · CHAT scores higher How much of its weight does it not share with the S&P 500?
IQ Themes Score7.5ALAI17.1CHAT

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

46%

By the books each fund has filed, ALAI and CHAT hold 46% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.

0 half 100%

half

46% in common

Positions both hold · largest shared weight first ALAI CHAT
NVIDIA CORP 12.25% 7.97%
AMAZON.COM INC 5.37% 5.42%
MICROSOFT CORP 4.78% 6.09%
ALPHABET INC 4.73% 6.31%
META PLATFORMS INC 3.85% 4.58%
BROADCOM INC 3.78% 3.00%
NEBIUS GROUP NV 4.12% 2.98%
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD 5.96% 2.76%
SPACE EXPLORATION TECHNOLOGIES CORP 3.09% 2.26%
MICRON TECHNOLOGY INC 1.49% 3.83%
ASTERA LABS INC 1.38% 2.71%
ADVANCED MICRO DEVICES INC 1.35% 3.88%
Only in one fund ↓
Only in ALAI
WESTERN DIGITAL CORP 4.34%
Anthropic PBC 2.92%
APPLE INC 2.83%
TESLA INC 2.57%
APPLOVIN CORP 2.09%
SEAGATE TECHNOLOGY HOLDINGS PLC 1.98%
TALEN ENERGY CORP 1.98%
DISRUPTIVE TECHNOLOGY SOL 1.95%
Only in CHAT
Crowdstrike Holdings Inc 3.52%
ASML Holding NV 3.17%
Coherent Corp 2.84%
Advantest Corp 2.06%
BE Semiconductor Industries NV 2.04%
Palo Alto Networks Inc 1.90%
Intel Corp 1.61%
Atlassian Corp 1.47%
Check overlap with more funds →

Window by window

Window by window: ALAI vs CHAT: Holdings Overlap & Returns
Total returnvs its benchmark
WindowALAICHATALAICHAT
3 months−9.3%−18.3%−9.2 pts vs VOO−18.2 pts vs VOO
6 months−3.5%−15.2%−8.5 pts vs VOO−20.2 pts vs VOO
1 year+9.9%+16.2%−4.9 pts vs VOO+1.4 pts vs VOO
3 years–+170.8%–+87.5 pts vs VOO
Since launchNot the same days: ALAI Apr 2024 · CHAT May 2023+107.2%+189.0%+54.7 pts vs VOO+97.4 pts vs VOO

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

Side by side

ALAI Alger AI Enablers & Adopters ETF · Holds 79 stocks in artificial intelligence, 60% of its weight in S&P 500 companies CHAT Roundhill Generative AI & Technology ETF · Holds 35 stocks in artificial intelligence, 61% of its weight in S&P 500 companies
Issuer Alger Roundhill
Theme Artificial intelligence Artificial intelligence
In the S&P 500 60.0% 60.9%
Active share vs the S&P 500 65.2% 70.2%
In the Nasdaq-100 62.8% 68.0%
Holdings 79 35
Top ten, share of the fund 52.3% 48.1%
Expense ratio 0.58% 0.75%
Fee for the differing part 0.89% 1.07%
Total return, 1 year +9.9% +16.2%
vs its benchmark −4.9 pts vs VOO +1.4 pts vs VOO
Below its high −15.2% −30.0%
Net assets, ALAI as of Jun 30, 2026 and CHAT as of Nov 4, 2026 $451m $1.5bn

As of Nov 4, 2026. Source: ETFIQ.

46% of the two portfolios are the same securities at the same weight.

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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.

CHAT

By weight, 61% of CHAT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 70%. The top ten holdings are 48% of the fund across 35 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned +16.2% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Total Return Index, so a holder was ahead by 1.4 pts. It sits 30.0% below its all-time high of Jun 22, 2026.

Questions people ask

Do ALAI and CHAT hold the same stocks?
By their latest filings, 46% 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 CHAT?
ALAI has 60% of its weight in S&P 500 names and CHAT has 61%, so CHAT differs more from the index.
Which is cheaper, ALAI or CHAT?
ALAI charges 0.58% a year and CHAT charges 0.75%, so ALAI is cheaper. Fees come from each fund's prospectus.
Other comparisons
ALAI vs HLTHALAI vs EPAIALAI vs KAITALAI vs IGPTCHAT vs THNQCHAT vs KOIDCHAT vs WTAICHAT vs ROBT
Where to next
ALAI on its own →CHAT on its own →ALAI dividend history →ALAI holdings →CHAT dividend history →CHAT holdings →Method →Standards and sources →
Sources and dates
ALAI filings on SEC EDGAR ↗
ALAI prospectus with the expense ratio (SEC) ↗
Alger website ↗
CHAT filings on SEC EDGAR ↗
CHAT prospectus with the expense ratio (SEC) ↗
Roundhill page for CHAT ↗

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 CHAT, data as of Nov 4, 2026. https://etfiq.com/compare/themes/alai-vs-chat

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