Data as of Nov 4, 2026.
ALAI vs HLTH: Holdings Overlap & Returns
ALAI and HLTH hold 1% 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 $12m on Nov 3, 2026 for Tema Healthcare AI ETF.
60% of ALAI's weight is in S&P 500 companies and 40% is outside the index. Holdings as of Jun 30, 2026.
24% of HLTH's weight is in S&P 500 companies and 76% is outside the index. Holdings as of Nov 3, 2026.
Pair scorecard
ALAI costs 0.17 points a year less.
Points (pts) are percentage points.
| Measure | ALAI | HLTH |
|---|---|---|
| Return | ||
| Total return, 1 year | +9.9% | not published |
| Drawdown | ||
| Below its all-time high | 15.2%, high on Oct 6, 2026 | 5.9%, high on Oct 5, 2026 |
| Against its benchmark | ||
| 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% | |
| Against its benchmark, 1 year | behind by 4.9 pts | |
| Cost and size | ||
| Expense ratio | 0.58% | 0.75% |
| Net assets, ALAI as of Jun 30, 2026 and HLTH as of Nov 3, 2026 | $451m | $12m |
| Holdings | ||
| Holdings in common | 1% | |
Risk and return
Jul 31, 2026 to Oct 30, 2026 · 13 weekly returnsFrom Jul 2026 to Oct 2026, HLTH returned more: +11.8% to −4.0%. HLTH fell less at its worst: −8.7% to −12.4%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | ALAI | HLTH | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | −4.0% | +11.8% | HLTH | Price change plus distributions, reinvested. |
| Price return | −4.0% | +11.8% | HLTH | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −12.4% | −8.7% | HLTH | Deepest fall from a high to the low after it. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 13 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, ALAI and HLTH hold 1% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.
half
1% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | ALAI | HLTH | ALAI | HLTH |
| 3 months | −9.3% | +7.7% | −9.2 pts vs VOO | not measured |
| 6 months | −3.5% | – | −8.5 pts vs VOO | – |
| 1 year | +9.9% | – | −4.9 pts vs VOO | – |
| Since launchNot the same days: ALAI Apr 2024 · HLTH Jul 2026 | +107.2% | +13.6% | +54.7 pts vs VOO | not measured |
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Side by side
As of Nov 4, 2026. Source: ETFIQ.
1% of the two portfolios are the same securities at the same weight.
No client brief for this pair: ETFIQ prints no one-year total return for HLTH; the two funds' holdings are dated 126 days apart.
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.
HLTH
By weight, 24% of HLTH'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 50% of the fund across 32 positions, as published by its issuer for Nov 3, 2026. Since it first traded on Jul 21, 2026 the fund returned +13.6% with distributions reinvested. It sits 5.9% below its all-time high of Oct 5, 2026.
Questions people ask
- Do ALAI and HLTH hold the same stocks?
- By their latest filings, 1% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
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.
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ETFIQ, ALAI against HLTH, data as of Nov 4, 2026. https://etfiq.com/compare/themes/alai-vs-hlth
ETFIQ. (Nov 4, 2026). ALAI against HLTH. Retrieved from https://etfiq.com/compare/themes/alai-vs-hlth
[ALAI against HLTH (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/alai-vs-hlth)
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