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 PBOT: Holdings Overlap & Returns

Share
Share on XDownload as PDF

Over the year to Nov 4, 2026, ALAI returned +9.9% to PBOT's +17.1%; 25% of their weight is in the same names.

askIQ about this page

askIQ about ALAI and PBOT

Net assets on Jun 30, 2026: $451m for Alger AI Enablers & Adopters ETF and $14m for Pictet AI & Automation ETF.

ALAI on its own →PBOT on its own →
At a glance
60.0%
ALAI in the S&P 500
60.7%
PBOT in the S&P 500
+9.9%
ALAI total return, 1 year
+17.1%
PBOT total return, 1 year
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.

PBOT · 1 year to Nov 4, 2026 39% of its weight is outside the S&P 500
39% of its weight is outside the S&P 50061% of PBOT's weight is in S&P 500 companies and 39% is outside the index. Holdings as of Jun 30, 2026.61%39%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 82% · top ten 53% of the fund · 44 holdings as filed for Jun 30, 2026 · Nasdaq-100: 52% in39% of its weight is outside the S&P 50061% of PBOT's weight is in S&P 500 companies and 39% is outside the index. Holdings as of Jun 30, 2026.61%39%in the S&P 500outsideactive share 82% · Nasdaq-100: 52% in

61% of PBOT's weight is in S&P 500 companies and 39% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

ALAI costs 0.12 points a year less; their one-year returns differ by 7.2 points; ALAI is far larger, $451m against $14m.

Points (pts) are percentage points.

ALAI vs PBOT: Holdings Overlap & Returns
MeasureALAIPBOT
Return
Total return, 1 year+9.9%+17.1%
Drawdown
Below its all-time high15.2%, high on Oct 6, 202617.2%, high on Oct 6, 2026
Against its benchmark
What it tracksArtificial intelligenceArtificial intelligence
Against the S&P 500, 1 yearbehind by 4.9 pts
Its benchmark, total return, 1 year+14.8%+15.0%
Against its benchmark, 1 yearbehind by 4.9 ptsahead by 2.1 pts
Cost and size
Expense ratio0.58%0.70%
Net assets, as of Jun 30, 2026$451m$14m
Holdings
Holdings in common25%
ETFIQ S&P 500 Difference Score · PBOT scores higher How much of its weight does it not share with the S&P 500?
IQ Themes Score7.5ALAI38.2PBOT

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

25%

By the books each fund has filed, ALAI and PBOT hold 25% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.

0 half 100%

half

25% in common

Positions both hold · largest shared weight first ALAI PBOT
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD 5.96% 6.31%
ALPHABET INC 4.73% 6.83%
BROADCOM INC 3.78% 6.31%
NVIDIA CORP 12.25% 3.13%
MICRON TECHNOLOGY INC 1.49% 2.11%
ADVANCED MICRO DEVICES INC 1.35% 1.44%
SNOWFLAKE INC 1.04% 4.71%
META PLATFORMS INC 3.85% 0.98%
VEEVA SYSTEMS INC 0.50% 1.02%
DATADOG INC 0.48% 1.57%
SERVICENOW INC 0.42% 2.08%
SPOTIFY TECHNOLOGY SA 0.34% 0.97%
Only in one fund ↓
Only in ALAI
AMAZON.COM INC 5.37%
MICROSOFT CORP 4.78%
WESTERN DIGITAL CORP 4.34%
NEBIUS GROUP NV 4.12%
SPACE EXPLORATION TECHNOLOGIES CORP 3.09%
Anthropic PBC 2.92%
APPLE INC 2.83%
TESLA INC 2.57%
Only in PBOT
KLA CORP 6.33%
ASML HOLDING NV /EUR 5.75%
CROWDSTRIKE HOLDINGS INC - A 4.62%
PALO ALTO NETWORKS INC 4.55%
INFINEON TECHNOLOGIES AG /EUR 3.90%
FORTINET INC 2.39%
LAM RESEARCH CORP 2.20%
NXP SEMICONDUCTORS NV 2.20%
Check overlap with more funds →

Window by window

Window by window: ALAI vs PBOT: Holdings Overlap & Returns
Total returnvs its benchmark
WindowALAIPBOTALAIPBOT
3 months−9.3%−8.8%−9.2 pts vs VOO−7.5 pts vs ACWI
6 months−3.5%+5.5%−8.5 pts vs VOO+2.9 pts vs ACWI
1 year+9.9%+17.1%−4.9 pts vs VOO+2.1 pts vs ACWI
Since launchNot the same days: ALAI Apr 2024 · PBOT Oct 2025+107.2%+20.9%+54.7 pts vs VOO+4.4 pts vs ACWI

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 PBOT Pictet AI & Automation ETF · Holds 44 stocks in artificial intelligence, 61% of its weight in S&P 500 companies
Issuer Alger Pictet
Theme Artificial intelligence Artificial intelligence
In the S&P 500 60.0% 60.7%
Active share vs the S&P 500 65.2% 82.1%
In the Nasdaq-100 62.8% 51.8%
Holdings 79 44
Top ten, share of the fund 52.3% 52.5%
Expense ratio 0.58% 0.70%
Fee for the differing part 0.89% 0.85%
Total return, 1 year +9.9% +17.1%
vs its benchmark −4.9 pts vs VOO +2.1 pts vs ACWI
Below its high −15.2% −17.2%
Net assets, as of Jun 30, 2026 $451m $14m

As of Nov 4, 2026. Source: ETFIQ.

25% 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.

PBOT

By weight, 61% of PBOT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 82%. The top ten holdings are 52% of the fund across 44 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned +17.1% with distributions reinvested against +15.0% for its benchmark, the MSCI All Country World Index, so a holder was ahead by 2.1 pts. It sits 17.2% below its all-time high of Oct 6, 2026.

Questions people ask

Do ALAI and PBOT hold the same stocks?
By their latest filings, 25% 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 PBOT?
ALAI has 60% of its weight in S&P 500 names and PBOT has 61%, so PBOT differs more from the index.
Which is cheaper, ALAI or PBOT?
ALAI charges 0.58% a year and PBOT charges 0.70%, so ALAI is cheaper. Fees come from each fund's prospectus.
Other comparisons
ALAI vs HLTHALAI vs AGIQALAI vs NEWZALAI vs XAPBOT vs CHATPBOT vs ARTYPBOT vs BAIPBOT vs THNQ
Where to next
ALAI on its own →PBOT on its own →ALAI dividend history →ALAI holdings →PBOT dividend history →PBOT holdings →Method →Standards and sources →
Sources and dates
ALAI filings on SEC EDGAR ↗
ALAI prospectus with the expense ratio (SEC) ↗
Alger website ↗
PBOT filings on SEC EDGAR ↗
PBOT prospectus with the expense ratio (SEC) ↗
Pictet 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 PBOT, data as of Nov 4, 2026. https://etfiq.com/compare/themes/alai-vs-pbot

Open data →

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