Data as of .
ALAI vs JHAI: which is really different?
ALAI and JHAI hold 46% of their weight in the same names, and JHAI returned more over the year.
ETFIQ Off-Index Score: JHAI 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 JHAI hold 46% of their money in the same securities at the same weight.
| Holding | ALAI | JHAI |
|---|---|---|
| NVIDIA CORP | 12.01% | 14.16% |
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPA | 5.85% | 16.38% |
| AMAZON.COM INC | 5.27% | 5.09% |
| ALPHABET INC | 4.64% | 4.73% |
| BROADCOM INC | 3.70% | 6.48% |
| MICROSOFT CORP | 4.69% | 3.42% |
| NEBIUS GROUP NV | 4.04% | 2.05% |
| MICRON TECHNOLOGY INC | 1.46% | 3.71% |
| GE VERNOVA INC | 1.29% | 1.65% |
| SNOWFLAKE INC | 1.02% | 1.22% |
| LUMENTUM HOLDINGS INC | 0.74% | 2.22% |
| SHOPIFY INC | 0.70% | 0.65% |
| Only in ALAI | Only in JHAI |
|---|---|
| WESTERN DIGITAL CORP 4.26% | Lam Research Corp. 4.05% |
| META PLATFORMS INC 3.78% | KLA Corp. 3.01% |
| SPACE EXPLORATION TECHNOLOGIES CORP 3.03% | ASML Holding NV 2.52% |
| Anthropic PBC 2.87% | Vertiv Holdings Co. 2.07% |
| APPLE INC 2.78% | Deere & Co. 2.05% |
| TESLA INC 2.52% | Intel Corp. 1.95% |
| TALEN ENERGY CORP 1.95% | Progressive Corp. (The) 1.95% |
| DISRUPTIVE TECHNOLOGY SOL 1.92% | Palantir Technologies, Inc. 1.43% |
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 | JHAI | ALAI | JHAI | ALAI | JHAI | |
| 3 months | −2.2% | −6.7% | −4.4 pts | −8.9 pts | +0.3 pts | −4.2 pts |
| 6 months | +38.0% | +31.2% | +19.9 pts | +13.2 pts | +13.7 pts | +7.0 pts |
| 1 year | +25.6% | +27.2% | +9.1 pts | +10.7 pts | +3.9 pts | +5.5 pts |
| Since launch | +132.7% | +38.2% | +81.4 pts | +17.2 pts | +66.9 pts | +10.1 pts |
| ALAI Alger AI Enablers & Adopters ETF Holds 79 stocks in artificial intelligence, 60% of its weight in S&P 500 companies | JHAI Janus Henderson Global Artificial Intelligence ETF Holds 46 stocks in artificial intelligence, 72% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Alger | Janus Henderson |
| Theme | Artificial intelligence | Artificial intelligence |
| In the S&P 500 | 60.0% | 71.8% |
| Active share vs the S&P 500 | 65.2% | 70.0% |
| In the Nasdaq-100 | 54.4% | 61.6% |
| Holdings | 79 | 46 |
| Top ten, share of the fund | 51.3% | 63.6% |
| Expense ratio | 0.58% | 0.59% |
| Fee for the differing part | 0.89% | 0.84% |
| Total return, 1 year | +25.6% | +27.2% |
| vs the S&P 500 | +9.1 pts | +10.7 pts |
| vs the Nasdaq-100 | +3.9 pts | +5.5 pts |
| Below its high | −2.2% | −7.4% |
| Net assets | $451m | $21m |
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.
JHAI in plain words
By weight, 72% of JHAI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 70%. The top ten holdings are 64% of the fund across 46 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 10.7 pts. It sits 7.4% below its all-time high of Jun 30, 2026.
Questions people ask
- Do ALAI and JHAI 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 JHAI?
- ALAI has 60% of its weight in S&P 500 names and JHAI has 72%, so JHAI differs more from the index.
- Which is cheaper, ALAI or JHAI?
- ALAI charges 0.58% a year and JHAI charges 0.59%, 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 JHAI, data as of Sep 18, 2026. https://etfiq.com/compare/themes/alai-vs-jhai Free to use with attribution; the underlying files are at Open data.