Data as of .
ALAI vs IGPT: which is really different?
ALAI and IGPT hold 28% of their weight in the same names, and IGPT returned more over the year.
ETFIQ Off-Index Score: IGPT scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
28% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, ALAI and IGPT hold 28% of their money in the same securities at the same weight.
| Holding | ALAI | IGPT |
|---|---|---|
| NVIDIA CORP | 12.01% | 8.55% |
| ALPHABET INC | 4.64% | 7.69% |
| META PLATFORMS INC | 3.78% | 9.22% |
| WESTERN DIGITAL CORP | 4.26% | 2.29% |
| SEAGATE TECHNOLOGY HOLDINGS PLC | 1.95% | 2.90% |
| MICRON TECHNOLOGY INC | 1.46% | 8.03% |
| ADVANCED MICRO DEVICES INC | 1.33% | 9.02% |
| SNOWFLAKE INC | 1.02% | 1.73% |
| ASTERA LABS INC | 1.35% | 0.78% |
| SANDISK CORP | 0.62% | 4.00% |
| NEBIUS GROUP NV | 4.04% | 0.41% |
| SK HYNIX INC | 0.29% | 4.33% |
| Only in ALAI | Only in IGPT |
|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPA 5.85% | Intel Corp 4.11% |
| AMAZON.COM INC 5.27% | MediaTek Inc 3.59% |
| MICROSOFT CORP 4.69% | Marvell Technology Inc 3.21% |
| BROADCOM INC 3.70% | QUALCOMM Inc 2.21% |
| SPACE EXPLORATION TECHNOLOGIES CORP 3.03% | Intuitive Surgical Inc 2.10% |
| Anthropic PBC 2.87% | Kioxia Holdings Corp 1.85% |
| APPLE INC 2.78% | Keyence Corp 1.52% |
| TESLA INC 2.52% | Equinix Inc 1.52% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 19, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| ALAI | IGPT | ALAI | IGPT | ALAI | IGPT | |
| 3 months | −2.2% | −8.1% | −4.4 pts | −10.3 pts | +0.3 pts | −5.6 pts |
| 6 months | +38.0% | +61.7% | +19.9 pts | +43.7 pts | +13.7 pts | +37.5 pts |
| 1 year | +25.6% | +78.2% | +9.1 pts | +61.6 pts | +3.9 pts | +56.4 pts |
| 3 years | not published | +195.7% | not published | +117.3 pts | not published | +97.5 pts |
| Since launch | +132.7% | +1395.7% | +81.4 pts | +592.1 pts | +66.9 pts | −294.6 pts |
| 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 116 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 | 54.4% | 69.1% |
| Holdings | 79 | 116 |
| Top ten, share of the fund | 51.3% | 61.7% |
| Expense ratio | 0.58% | 0.57% |
| Fee for the differing part | 0.89% | 0.72% |
| Total return, 1 year | +25.6% | +78.2% |
| vs the S&P 500 | +9.1 pts | +61.6 pts |
| vs the Nasdaq-100 | +3.9 pts | +56.4 pts |
| Below its high | −2.2% | −9.5% |
| Net assets | $451m | $1.3bn |
ALAI in plain words
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 51% of the fund across 79 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned +25.6% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 9.1 pts.
IGPT in plain words
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 62% of the fund across 116 positions, as published by its issuer for Sep 19, 2026. Over the year to Sep 18, 2026 the fund returned +78.2% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 61.6 pts. It sits 9.5% 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, which is a meaningful overlap. 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
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, ALAI against IGPT, data as of Sep 18, 2026. https://etfiq.com/compare/themes/alai-vs-igpt Free to use with attribution; the underlying files are at Open data.