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Data as of Nov 4, 2026.

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Thematic ETFs

ALAI vs IGPT: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, ALAI returned +9.9% to IGPT's +38.1%; 28% 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 $1.2bn on Nov 3, 2026 for Invesco AI and Next Gen Software ETF.

ALAI on its own →IGPT on its own →
At a glance
60.0%
ALAI in the S&P 500
75.3%
IGPT in the S&P 500
+9.9%
ALAI total return, 1 year
+38.1%
IGPT 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.

IGPT · 1 year to Nov 4, 2026 25% of its weight is outside the S&P 500
25% of its weight is outside the S&P 50075% of IGPT's weight is in S&P 500 companies and 25% is outside the index. Holdings as of Nov 3, 2026.75%25%of its weight in S&P 500 companiesoutside the S&P 500active share 79% · top ten 58% of the fund · 101 holdings as published by its issuer for Nov 3, 2026 · Nasdaq-100: 70% in25% of its weight is outside the S&P 50075% of IGPT's weight is in S&P 500 companies and 25% is outside the index. Holdings as of Nov 3, 2026.75%25%in the S&P 500outsideactive share 79% · Nasdaq-100: 70% in

75% of IGPT's weight is in S&P 500 companies and 25% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

IGPT costs 0.01 points a year less; their one-year returns differ by 28.2 points.

Points (pts) are percentage points.

ALAI vs IGPT: Holdings Overlap & Returns
MeasureALAIIGPT
Return
Total return, 1 year+9.9%+38.1%
Drawdown
Below its all-time high15.2%, high on Oct 6, 202624.4%, high on Jun 22, 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%0.57%
Net assets, ALAI as of Jun 30, 2026 and IGPT as of Nov 3, 2026$451m$1.2bn
Holdings
Holdings in common28%
ETFIQ S&P 500 Difference Score · IGPT scores higher How much of its weight does it not share with the S&P 500?
IQ Themes Score7.5ALAI29.4IGPT

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

28%

By the books each fund has filed, ALAI and IGPT hold 28% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

0 half 100%

half

28% in common

Positions both hold · largest shared weight first ALAI IGPT
NVIDIA CORP 12.25% 8.70%
ALPHABET INC 4.73% 7.73%
META PLATFORMS INC 3.85% 8.85%
WESTERN DIGITAL CORP 4.34% 2.27%
SEAGATE TECHNOLOGY HOLDINGS PLC 1.98% 2.49%
MICRON TECHNOLOGY INC 1.49% 8.04%
ADVANCED MICRO DEVICES INC 1.35% 8.83%
SNOWFLAKE INC 1.04% 1.85%
ASTERA LABS INC 1.38% 0.73%
SANDISK CORP 0.64% 2.99%
NEBIUS GROUP NV 4.12% 0.36%
ROKU INC 1.02% 0.34%
Only in one fund ↓
Only in ALAI
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD 5.96%
AMAZON.COM INC 5.37%
MICROSOFT CORP 4.78%
BROADCOM INC 3.78%
SPACE EXPLORATION TECHNOLOGIES CORP 3.09%
Anthropic PBC 2.92%
APPLE INC 2.83%
TESLA INC 2.57%
Only in IGPT
MediaTek Inc 3.28%
Intel Corp 3.12%
Intuitive Surgical Inc 2.82%
Marvell Technology Inc 2.73%
QUALCOMM Inc 2.44%
Equinix Inc 1.81%
Keyence Corp 1.78%
Adobe Inc 1.77%
Check overlap with more funds →

Window by window

Window by window: ALAI vs IGPT: Holdings Overlap & Returns
Total returnvs its benchmark
WindowALAIIGPTALAIIGPT
3 months−9.3%−11.3%−9.2 pts vs VOOnot measured
6 months−3.5%−5.9%−8.5 pts vs VOOnot measured
1 year+9.9%+38.1%−4.9 pts vs VOOnot measured
3 years–+144.2%–not measured
Since launchNot the same days: ALAI Apr 2024 · IGPT Jun 2005+107.2%+1,650.8%+54.7 pts vs VOOnot measured

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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 IGPT Invesco AI and Next Gen Software ETF · Holds 101 stocks in artificial intelligence, 75% of its weight in S&P 500 companies
Issuer Alger Invesco
Theme Artificial intelligence Artificial intelligence
In the S&P 500 60.0% 75.3%
Active share vs the S&P 500 65.2% 79.2%
In the Nasdaq-100 62.8% 69.8%
Holdings 79 101
Top ten, share of the fund 52.3% 58.3%
Expense ratio 0.58% 0.57%
Fee for the differing part 0.89% 0.72%
Total return, 1 year +9.9% +38.1%
vs its benchmark −4.9 pts vs VOO not measured
Below its high −15.2% −24.4%
Net assets, ALAI as of Jun 30, 2026 and IGPT as of Nov 3, 2026 $451m $1.2bn

As of Nov 4, 2026. Source: ETFIQ.

28% 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.

IGPT

By weight, 75% of IGPT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 79%. The top ten holdings are 58% of the fund across 101 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +38.1% with distributions reinvested. It sits 24.4% below its all-time high of Jun 22, 2026.

Questions people ask

Do ALAI and IGPT hold the same stocks?
By their latest filings, 28% 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 IGPT?
ALAI has 60% of its weight in S&P 500 names and IGPT has 75%, so IGPT differs more from the index.
Which is cheaper, ALAI or IGPT?
ALAI charges 0.58% a year and IGPT charges 0.57%, so IGPT is cheaper. Fees come from each fund's prospectus.
Other comparisons
ALAI vs BAIALAI vs IVESALAI vs CHATALAI vs ROBTIGPT vs THNQIGPT vs KOIDIGPT vs WTAIIGPT vs ROBT
Where to next
ALAI on its own →IGPT on its own →ALAI dividend history →ALAI holdings →IGPT dividend history →IGPT holdings →Method →Standards and sources →
Sources and dates
ALAI filings on SEC EDGAR ↗
ALAI prospectus with the expense ratio (SEC) ↗
Alger website ↗
IGPT filings on SEC EDGAR ↗
IGPT prospectus with the expense ratio (SEC) ↗
Invesco page for IGPT ↗

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

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