Data as of Nov 4, 2026.
ALAI vs THNQ: Holdings Overlap & Returns
Over the year to Nov 4, 2026, ALAI returned +9.9% to THNQ's +26.7%; 25% of their weight is in the same names.
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Net assets: $451m on Jun 30, 2026 for Alger AI Enablers & Adopters ETF, and $416m on Jul 31, 2026 for ROBO Global Artificial Intelligence ETF.
60% of ALAI's weight is in S&P 500 companies and 40% is outside the index. Holdings as of Jun 30, 2026.
44% of THNQ's weight is in S&P 500 companies and 56% is outside the index. Holdings as of Jul 31, 2026.
Pair scorecard
ALAI costs 0.10 points a year less; their one-year returns differ by 16.8 points.
Points (pts) are percentage points.
| Measure | ALAI | THNQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +9.9% | +26.7% |
| Drawdown | ||
| Below its all-time high | 15.2%, high on Oct 6, 2026 | 17.1%, high on Oct 6, 2026 |
| Against its benchmark | ||
| What it tracks | Artificial intelligence | Artificial intelligence |
| Against the S&P 500, 1 year | behind by 4.9 pts | |
| Its benchmark, total return, 1 year | +14.8% | |
| Against its benchmark, 1 year | behind by 4.9 pts | |
| Cost and size | ||
| Expense ratio | 0.58% | 0.68% |
| Net assets, ALAI as of Jun 30, 2026 and THNQ as of Jul 31, 2026 | $451m | $416m |
| Holdings | ||
| Holdings in common | 25% | |
Risk and return
Apr 12, 2024 to Oct 30, 2026 · 133 weekly returnsFrom Apr 2024 to Oct 2026, ALAI returned slightly more: +111.7% to +103.8%. ALAI and THNQ swung about the same: 27.4% and 27.9%. THNQ fell slightly less at its worst: −28.4% to −29.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | ALAI | THNQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +111.7% | +103.8% | ALAI (slight) | Price change plus distributions, reinvested. |
| Annualized | +34.1% | +32.1% | ALAI (slight) | Total return as a yearly rate. |
| Price return | +107.2% | +103.4% | ALAI (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 27.4% | 27.9% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 17.4% | 18.2% | ALAI (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −29.4% | −28.4% | THNQ (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 1.05 | 0.99 | ALAI (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 1.66 | 1.51 | ALAI (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.16 | 1.13 | ALAI (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 133 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, ALAI and THNQ hold 25% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.
half
25% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | ALAI | THNQ | ALAI | THNQ |
| 3 months | −9.3% | −6.4% | −9.2 pts vs VOO | not measured |
| 6 months | −3.5% | +6.9% | −8.5 pts vs VOO | not measured |
| 1 year | +9.9% | +26.7% | −4.9 pts vs VOO | not measured |
| 3 years | – | +140.4% | – | not measured |
| Since launchNot the same days: ALAI Apr 2024 · THNQ May 2020 | +107.2% | +230.7% | +54.7 pts vs VOO | not measured |
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Side by side
As of Nov 4, 2026. Source: ETFIQ.
25% of the two portfolios are the same securities at the same weight.
Client brief:
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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.
THNQ
By weight, 44% of THNQ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 83%. The top ten holdings are 24% of the fund across 53 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +26.7% with distributions reinvested. It sits 17.1% below its all-time high of Oct 6, 2026.
Questions people ask
- Do ALAI and THNQ 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.
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, ALAI against THNQ, data as of Nov 4, 2026. https://etfiq.com/compare/themes/alai-vs-thnq
ETFIQ. (Nov 4, 2026). ALAI against THNQ. Retrieved from https://etfiq.com/compare/themes/alai-vs-thnq
[ALAI against THNQ (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/alai-vs-thnq)
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