Data as of .
ALAI vs LQAI: which is really different?
ALAI and LQAI hold 32% of their weight in the same names, and ALAI returned more over the year.
ETFIQ Off-Index Score: ALAI 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
32% 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 LQAI hold 32% of their money in the same securities at the same weight.
| Holding | ALAI | LQAI |
|---|---|---|
| NVIDIA CORP | 12.01% | 5.99% |
| MICROSOFT CORP | 4.69% | 3.40% |
| AMAZON.COM INC | 5.27% | 3.25% |
| BROADCOM INC | 3.70% | 2.85% |
| APPLE INC | 2.78% | 2.64% |
| META PLATFORMS INC | 3.78% | 2.60% |
| TESLA INC | 2.52% | 5.88% |
| ALPHABET INC | 4.64% | 2.42% |
| MICRON TECHNOLOGY INC | 1.46% | 5.92% |
| ROCKET COMPANIES INC | 0.83% | 1.59% |
| LUMENTUM HOLDINGS INC | 0.74% | 1.03% |
| ADVANCED MICRO DEVICES INC | 1.33% | 0.71% |
| Only in ALAI | Only in LQAI |
|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPA 5.85% | KENVUE INC 2.22% |
| WESTERN DIGITAL CORP 4.26% | FORD MOTOR CO 2.15% |
| NEBIUS GROUP NV 4.04% | KINDER MORGAN INC 2.12% |
| SPACE EXPLORATION TECHNOLOGIES CORP 3.03% | SOFI TECHNOLOGIES INC 2.06% |
| Anthropic PBC 2.87% | WARNER BROS. DISCOVERY INC 2.00% |
| APPLOVIN CORP 2.05% | HUNTINGTON BANCSHARES INC 1.99% |
| SEAGATE TECHNOLOGY HOLDINGS PLC 1.95% | MARVELL TECHNOLOGY INC 1.73% |
| TALEN ENERGY CORP 1.95% | KEURIG DR PEPPER INC 1.64% |
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 | LQAI | ALAI | LQAI | ALAI | LQAI | |
| 3 months | −2.2% | −3.4% | −4.4 pts | −5.6 pts | +0.3 pts | −0.9 pts |
| 6 months | +38.0% | +20.9% | +19.9 pts | +2.9 pts | +13.7 pts | −3.3 pts |
| 1 year | +25.6% | +17.3% | +9.1 pts | +0.8 pts | +3.9 pts | −4.4 pts |
| Since launch | +132.7% | +88.0% | +81.4 pts | +7.2 pts | +66.9 pts | −8.7 pts |
| ALAI Alger AI Enablers & Adopters ETF Holds 79 stocks in artificial intelligence, 60% of its weight in S&P 500 companies | LQAI LG QRAFT AI-Powered U.S. Large Cap Core ETF Holds 100 stocks in artificial intelligence, 90% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Alger | Qraft |
| Theme | Artificial intelligence | Artificial intelligence |
| In the S&P 500 | 60.0% | 89.9% |
| Active share vs the S&P 500 | 65.2% | 62.1% |
| In the Nasdaq-100 | 54.4% | 58.2% |
| Holdings | 79 | 100 |
| Top ten, share of the fund | 51.3% | 40.4% |
| Expense ratio | 0.58% | 0.75% |
| Fee for the differing part | 0.89% | 1.21% |
| Total return, 1 year | +25.6% | +17.3% |
| vs the S&P 500 | +9.1 pts | +0.8 pts |
| vs the Nasdaq-100 | +3.9 pts | −4.4 pts |
| Below its high | −2.2% | −4.2% |
| Net assets | $451m | $2m |
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.
LQAI in plain words
By weight, 90% of LQAI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 62%. The top ten holdings are 40% of the fund across 100 positions, as filed for Apr 30, 2026. Over the year to Sep 18, 2026 the fund returned +17.3% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 0.8 pts.
Questions people ask
- Do ALAI and LQAI hold the same stocks?
- By their latest filings, 32% 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 LQAI?
- ALAI has 60% of its weight in S&P 500 names and LQAI has 90%, so ALAI differs more from the index.
- Which is cheaper, ALAI or LQAI?
- ALAI charges 0.58% a year and LQAI 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 LQAI, data as of Sep 18, 2026. https://etfiq.com/compare/themes/alai-vs-lqai Free to use with attribution; the underlying files are at Open data.