Data as of .
ALAI vs IVEP: which is really different?
ALAI and IVEP hold 4% of their weight in the same names.
ETFIQ Off-Index Score: IVEP 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
4% 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 IVEP hold 4% of their money in the same securities at the same weight.
| Holding | ALAI | IVEP |
|---|---|---|
| TALEN ENERGY CORP | 1.95% | 2.55% |
| GE VERNOVA INC | 1.29% | 4.16% |
| EATON CORP PLC | 0.58% | 4.07% |
| NRG ENERGY INC | 0.48% | 2.59% |
| Only in ALAI | Only in IVEP |
|---|---|
| NVIDIA CORP 12.01% | BLOOM ENERGY CORP 4.98% |
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPA 5.85% | QUANTA SERVICES INC 4.31% |
| AMAZON.COM INC 5.27% | VERTIV HOLDINGS COMPANY 4.12% |
| MICROSOFT CORP 4.69% | SIEMENS ENERGY AG 4.11% |
| ALPHABET INC 4.64% | NEXTERA ENERGY INC 3.94% |
| WESTERN DIGITAL CORP 4.26% | SCHNEIDER ELECTRIC SE 3.91% |
| NEBIUS GROUP NV 4.04% | MONOLITHIC POWER SYSTEMS INC 3.89% |
| META PLATFORMS INC 3.78% | CONSTELLATION ENERGY CORP 3.88% |
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 Apr 30, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| ALAI | IVEP | ALAI | IVEP | ALAI | IVEP | |
| 3 months | −2.2% | −11.8% | −4.4 pts | −14.0 pts | +0.3 pts | −9.3 pts |
| 6 months | +38.0% | not published | +19.9 pts | not published | +13.7 pts | not published |
| 1 year | +25.6% | not published | +9.1 pts | not published | +3.9 pts | not published |
| Since launch | +132.7% | −2.5% | +81.4 pts | −15.7 pts | +66.9 pts | −21.7 pts |
| ALAI Alger AI Enablers & Adopters ETF Holds 79 stocks in artificial intelligence, 60% of its weight in S&P 500 companies | IVEP Dan IVES Wedbush AI Power & Infrastructure ETF Holds 30 stocks in aI infrastructure and chips, 71% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Alger | Wedbush |
| Theme | Artificial intelligence | AI infrastructure and chips |
| In the S&P 500 | 60.0% | 71.2% |
| Active share vs the S&P 500 | 65.2% | 97.0% |
| In the Nasdaq-100 | 54.4% | 11.3% |
| Holdings | 79 | 30 |
| Top ten, share of the fund | 51.3% | 41.4% |
| Expense ratio | 0.58% | 0.75% |
| Fee for the differing part | 0.89% | 0.77% |
| Total return, 1 year | +25.6% | −2.5% (since launch on Apr 8, 2026) |
| vs the S&P 500 | +9.1 pts | −15.7 pts |
| vs the Nasdaq-100 | +3.9 pts | −21.7 pts |
| Below its high | −2.2% | −13.0% |
| Net assets | $451m | $9m |
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.
IVEP in plain words
By weight, 71% of IVEP's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 97%. The top ten holdings are 41% of the fund across 30 positions, as filed for Apr 30, 2026. Since it launched on Apr 8, 2026 the fund returned −2.5% with distributions reinvested against +13.2% for the S&P 500, so a holder was behind by 15.7 pts. It sits 13.0% below its all-time high of May 6, 2026.
Questions people ask
- Do ALAI and IVEP hold the same stocks?
- By their latest filings, 4% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, ALAI or IVEP?
- ALAI has 60% of its weight in S&P 500 names and IVEP has 71%, so IVEP differs more from the index.
- Which is cheaper, ALAI or IVEP?
- ALAI charges 0.58% a year and IVEP charges 0.75%, so ALAI 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 IVEP, data as of Sep 18, 2026. https://etfiq.com/compare/themes/alai-vs-ivep Free to use with attribution; the underlying files are at Open data.