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Data as of Nov 4, 2026.

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Thematic ETFs

ALAI vs EPAI: Holdings Overlap & Returns

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ALAI and EPAI hold 7% of their weight in the same names.

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Net assets: $451m on Jun 30, 2026 for Alger AI Enablers & Adopters ETF, and $5.0m on Nov 3, 2026 for Harbor AI Inflection Strategy ETF.

ALAI on its own →EPAI on its own →
At a glance
60.0%
ALAI in the S&P 500
59.2%
EPAI in the S&P 500
+9.9%
ALAI total return, 1 year
+20.3%
EPAI total return, since launch, Dec 18, 2025
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.

EPAI · 6 months to Nov 4, 2026 41% of its weight is outside the S&P 500
41% of its weight is outside the S&P 50059% of EPAI's weight is in S&P 500 companies and 41% is outside the index. Holdings as of Jul 31, 2026.59%41%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 96% · top ten 37% of the fund · 37 holdings as filed for Jul 31, 2026 · Nasdaq-100: 25% in41% of its weight is outside the S&P 50059% of EPAI's weight is in S&P 500 companies and 41% is outside the index. Holdings as of Jul 31, 2026.59%41%in the S&P 500outsideactive share 96% · Nasdaq-100: 25% in

59% of EPAI's weight is in S&P 500 companies and 41% is outside the index. Holdings as of Jul 31, 2026.

Pair scorecard

ALAI costs 0.30 points a year less.

Points (pts) are percentage points.

ALAI vs EPAI: Holdings Overlap & Returns
MeasureALAIEPAI
Return
Total return, 1 year+9.9%not published
Drawdown
Below its all-time high15.2%, high on Oct 6, 202625.1%, high on Jun 30, 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 ratio0.58%0.88%
Net assets, ALAI as of Jun 30, 2026 and EPAI as of Nov 3, 2026$451m$5.0m
Holdings
Holdings in common7%
ETFIQ S&P 500 Difference Score · EPAI scores higher How much of its weight does it not share with the S&P 500?
IQ Themes Score7.5ALAI71.9EPAI

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

7%

By the books each fund has filed, ALAI and EPAI hold 7% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

0 half 100%

half

7% in common

Positions both hold · largest shared weight first ALAI EPAI
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD 5.96% 3.80%
GE VERNOVA INC 1.31% 2.41%
TWILIO INC 1.04% 2.87%
EATON CORP PLC 0.59% 2.81%
AMPHENOL CORP 0.22% 2.72%
Only in one fund ↓
Only in ALAI
NVIDIA CORP 12.25%
AMAZON.COM INC 5.37%
MICROSOFT CORP 4.78%
ALPHABET INC 4.73%
WESTERN DIGITAL CORP 4.34%
NEBIUS GROUP NV 4.12%
META PLATFORMS INC 3.85%
BROADCOM INC 3.78%
Only in EPAI
Applied Materials Inc 4.85%
Teradyne Inc 4.67%
Lam Research Corp 3.81%
ASML Holding NV 3.68%
Vertiv Holdings Co 3.60%
Flex Ltd 3.42%
Monolithic Power Systems Inc 3.37%
FormFactor Inc 3.20%
Check overlap with more funds →

Window by window

Window by window: ALAI vs EPAI: Holdings Overlap & Returns
Total returnvs its benchmark
WindowALAIEPAIALAIEPAI
3 months−9.3%−13.5%−9.2 pts vs VOOnot measured
6 months−3.5%−17.3%−8.5 pts vs VOOnot measured
1 year+9.9%–−4.9 pts vs VOO–
Since launchNot the same days: ALAI Apr 2024 · EPAI Dec 2025+107.2%+20.3%+54.7 pts vs VOOnot measured

– 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 EPAI Harbor AI Inflection Strategy ETF · Holds 37 stocks in artificial intelligence, 59% of its weight in S&P 500 companies
Issuer Alger Harbor
Theme Artificial intelligence Artificial intelligence
In the S&P 500 60.0% 59.2%
Active share vs the S&P 500 65.2% 95.6%
In the Nasdaq-100 62.8% 24.6%
Holdings 79 37
Top ten, share of the fund 52.3% 37.4%
Expense ratio 0.58% 0.88%
Fee for the differing part 0.89% 0.92%
Total return, 1 year +9.9% +20.3% (since launch, Dec 18, 2025)
vs its benchmark −4.9 pts vs VOO not measured
Below its high −15.2% −25.1%
Net assets, ALAI as of Jun 30, 2026 and EPAI as of Nov 3, 2026 $451m $5.0m

As of Nov 4, 2026. Source: ETFIQ.

7% 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.

EPAI

By weight, 59% of EPAI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 96%. The top ten holdings are 37% of the fund across 37 positions, as filed for Jul 31, 2026. Since it first traded on Dec 18, 2025 the fund returned +20.3% with distributions reinvested. It sits 25.1% below its all-time high of Jun 30, 2026.

Questions people ask

Do ALAI and EPAI hold the same stocks?
By their latest filings, 7% 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 EPAI?
ALAI has 60% of its weight in S&P 500 names and EPAI has 59%, so EPAI differs more from the index.
Which is cheaper, ALAI or EPAI?
ALAI charges 0.58% a year and EPAI charges 0.88%, so ALAI is cheaper. Fees come from each fund's prospectus.
Other comparisons
ALAI vs CHATALAI vs BAIALAI vs KAITALAI vs XAEPAI vs ARTYEPAI vs BAIEPAI vs THNQEPAI vs KOID
Where to next
ALAI on its own →EPAI on its own →ALAI dividend history →ALAI holdings →EPAI holdings →Method →Standards and sources →
Sources and dates
ALAI filings on SEC EDGAR ↗
ALAI prospectus with the expense ratio (SEC) ↗
Alger website ↗
EPAI filings on SEC EDGAR ↗
EPAI prospectus with the expense ratio (SEC) ↗
Harbor page for EPAI ↗

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

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