Data as of .
ALAI vs IVES: which is really different?
ALAI and IVES hold 46% of their weight in the same names, and IVES returned more over the year.
ETFIQ Off-Index Score: IVES 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
46% 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 IVES hold 46% of their money in the same securities at the same weight.
| Holding | ALAI | IVES |
|---|---|---|
| AMAZON.COM INC | 5.27% | 5.42% |
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPA | 5.85% | 4.95% |
| NVIDIA CORP | 12.01% | 4.84% |
| ALPHABET INC | 4.64% | 5.38% |
| MICROSOFT CORP | 4.69% | 4.44% |
| META PLATFORMS INC | 3.78% | 4.17% |
| BROADCOM INC | 3.70% | 5.44% |
| APPLE INC | 2.78% | 4.72% |
| TESLA INC | 2.52% | 4.06% |
| NEBIUS GROUP NV | 4.04% | 2.20% |
| MICRON TECHNOLOGY INC | 1.46% | 4.66% |
| ADVANCED MICRO DEVICES INC | 1.33% | 6.33% |
| Only in ALAI | Only in IVES |
|---|---|
| WESTERN DIGITAL CORP 4.26% | ORACLE CORP 3.45% |
| SPACE EXPLORATION TECHNOLOGIES CORP 3.03% | PALANTIR TECHNOLOGIES INC 3.23% |
| Anthropic PBC 2.87% | PALO ALTO NETWORKS INC 3.01% |
| APPLOVIN CORP 2.05% | INTERNATIONAL BUSINESS MACHINES CORP 3.00% |
| SEAGATE TECHNOLOGY HOLDINGS PLC 1.95% | SALESFORCE INC 2.73% |
| TALEN ENERGY CORP 1.95% | CROWDSTRIKE HOLDINGS INC 2.67% |
| DISRUPTIVE TECHNOLOGY SOL 1.92% | COREWEAVE INC 2.55% |
| SEA LTD 1.61% | MONGODB INC 1.68% |
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 | IVES | ALAI | IVES | ALAI | IVES | |
| 3 months | −2.2% | +5.6% | −4.4 pts | +3.3 pts | +0.3 pts | +8.1 pts |
| 6 months | +38.0% | +37.2% | +19.9 pts | +19.2 pts | +13.7 pts | +13.0 pts |
| 1 year | +25.6% | +27.2% | +9.1 pts | +10.6 pts | +3.9 pts | +5.4 pts |
| Since launch | +132.7% | +58.8% | +81.4 pts | +28.9 pts | +66.9 pts | +21.6 pts |
| ALAI Alger AI Enablers & Adopters ETF Holds 79 stocks in artificial intelligence, 60% of its weight in S&P 500 companies | IVES Dan IVES Wedbush AI Revolution ETF Holds 30 stocks in artificial intelligence, 74% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Alger | Wedbush |
| Theme | Artificial intelligence | Artificial intelligence |
| In the S&P 500 | 60.0% | 73.9% |
| Active share vs the S&P 500 | 65.2% | 66.5% |
| In the Nasdaq-100 | 54.4% | 62.6% |
| Holdings | 79 | 30 |
| Top ten, share of the fund | 51.3% | 50.4% |
| Expense ratio | 0.58% | 0.75% |
| Fee for the differing part | 0.89% | 1.13% |
| Total return, 1 year | +25.6% | +27.2% |
| vs the S&P 500 | +9.1 pts | +10.6 pts |
| vs the Nasdaq-100 | +3.9 pts | +5.4 pts |
| Below its high | −2.2% | −3.8% |
| Net assets | $451m | $997m |
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.
IVES in plain words
By weight, 74% of IVES's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 66%. The top ten holdings are 50% of the fund across 30 positions, as filed for Apr 30, 2026. Over the year to Sep 18, 2026 the fund returned +27.2% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 10.6 pts.
Questions people ask
- Do ALAI and IVES hold the same stocks?
- By their latest filings, 46% 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 IVES?
- ALAI has 60% of its weight in S&P 500 names and IVES has 74%, so IVES differs more from the index.
- Which is cheaper, ALAI or IVES?
- ALAI charges 0.58% a year and IVES 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 IVES, data as of Sep 18, 2026. https://etfiq.com/compare/themes/alai-vs-ives Free to use with attribution; the underlying files are at Open data.