IQ

Data as of Nov 4, 2026.

vsOpen in the appCompare their flowsaskIQ about these two fundsAsk the committee about these two funds
Thematic ETFs

ALAI vs IVEP: Holdings Overlap & Returns

Share
Share on XDownload as PDF

ALAI and IVEP hold 4% of their weight in the same names.

askIQ about this page

askIQ about ALAI and IVEP

Net assets: $451m on Jun 30, 2026 for Alger AI Enablers & Adopters ETF, and $19m on Jul 31, 2026 for Dan IVES Wedbush AI Power & Infrastructure ETF.

ALAI on its own →IVEP on its own →
At a glance
60.0%
ALAI in the S&P 500
67.0%
IVEP in the S&P 500
+9.9%
ALAI total return, 1 year
−12.9%
IVEP total return, since launch, Apr 8, 2026
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.

IVEP · 6 months to Nov 4, 2026 33% of its weight is outside the S&P 500
33% of its weight is outside the S&P 50067% of IVEP's weight is in S&P 500 companies and 33% is outside the index. Holdings as of Jul 31, 2026.67%33%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 97% · top ten 42% of the fund · 30 holdings as filed for Jul 31, 2026 · Nasdaq-100: 12% in33% of its weight is outside the S&P 50067% of IVEP's weight is in S&P 500 companies and 33% is outside the index. Holdings as of Jul 31, 2026.67%33%in the S&P 500outsideactive share 97% · Nasdaq-100: 12% in

67% of IVEP's weight is in S&P 500 companies and 33% is outside the index. Holdings as of Jul 31, 2026.

Pair scorecard

ALAI costs 0.17 points a year less.

Points (pts) are percentage points.

ALAI vs IVEP: Holdings Overlap & Returns
MeasureALAIIVEP
Return
Total return, 1 year+9.9%not published
Drawdown
Below its all-time high15.2%, high on Oct 6, 202622.3%, high on May 6, 2026
Against its benchmark
What it tracksArtificial intelligenceAI infrastructure and chips
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%0.75%
Net assets, ALAI as of Jun 30, 2026 and IVEP as of Jul 31, 2026$451m$19m
Holdings
Holdings in common4%
ETFIQ S&P 500 Difference Score · IVEP scores higher How much of its weight does it not share with the S&P 500?
IQ Themes Score7.5ALAI79.4IVEP

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

4%

By the books each fund has filed, ALAI and IVEP hold 4% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

0 half 100%

half

4% in common

Positions both hold · largest shared weight first ALAI IVEP
TALEN ENERGY CORP 1.98% 2.26%
GE VERNOVA INC 1.31% 3.89%
EATON CORP PLC 0.59% 4.34%
NRG ENERGY INC 0.49% 2.87%
Only in one fund ↓
Only in ALAI
NVIDIA CORP 12.25%
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD 5.96%
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%
Only in IVEP
SCHNEIDER ELECTRIC SE 4.68%
SIEMENS ENERGY AG 4.26%
NEXTERA ENERGY INC 4.22%
QUANTA SERVICES INC 4.14%
SOUTHERN COMPANY (THE) 4.14%
CONSTELLATION ENERGY CORP 4.12%
JOHNSON CONTROLS INTERNATIONAL PLC 4.08%
EQUINIX INC 4.02%
Check overlap with more funds →

Window by window

Window by window: ALAI vs IVEP: Holdings Overlap & Returns
Total returnvs its benchmark
WindowALAIIVEPALAIIVEP
3 months−9.3%−14.9%−9.2 pts vs VOO−14.8 pts vs VOO
6 months−3.5%−22.3%−8.5 pts vs VOO−27.3 pts vs VOO
1 year+9.9%–−4.9 pts vs VOO–
Since launchNot the same days: ALAI Apr 2024 · IVEP Apr 2026+107.2%−12.9%+54.7 pts vs VOO−27.0 pts vs VOO

– 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 IVEP Dan IVES Wedbush AI Power & Infrastructure ETF · Holds 30 stocks in aI infrastructure and chips, 67% 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% 67.0%
Active share vs the S&P 500 65.2% 97.2%
In the Nasdaq-100 62.8% 11.7%
Holdings 79 30
Top ten, share of the fund 52.3% 41.9%
Expense ratio 0.58% 0.75%
Fee for the differing part 0.89% 0.77%
Total return, 1 year +9.9% −12.9% (since launch, Apr 8, 2026)
vs its benchmark −4.9 pts vs VOO −27.0 pts vs VOO (since launch, Apr 8, 2026)
Below its high −15.2% −22.3%
Net assets, ALAI as of Jun 30, 2026 and IVEP as of Jul 31, 2026 $451m $19m

As of Nov 4, 2026. Source: ETFIQ.

4% of the two portfolios are the same securities at the same weight.

Alert

The week's ETF fund flows, by email on Sundays.

One-click unsubscribe. See Privacy.

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.

IVEP

By weight, 67% 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 42% of the fund across 30 positions, as filed for Jul 31, 2026. Since it first traded on Apr 8, 2026 the fund returned −12.9% with distributions reinvested. It sits 22.3% 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. 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 67%, 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
ALAI vs COOLALAI vs CHPXALAI vs TCAIALAI vs CGPTIVEP vs THNQIVEP vs WTAIIVEP vs ROBTIVEP vs IVES
Where to next
ALAI on its own →IVEP on its own →ALAI dividend history →ALAI holdings →IVEP holdings →Method →Standards and sources →
Sources and dates
ALAI filings on SEC EDGAR ↗
ALAI prospectus with the expense ratio (SEC) ↗
Alger website ↗
IVEP filings on SEC EDGAR ↗
IVEP prospectus with the expense ratio (SEC) ↗
Wedbush website ↗

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

Open data →

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