Data as of .
ALAI vs THNQ: which is really different?
ALAI and THNQ hold 24% of their weight in the same names, and THNQ returned more over the year.
ETFIQ Off-Index Score: THNQ 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
24% 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 THNQ hold 24% of their money in the same securities at the same weight.
| Holding | ALAI | THNQ |
|---|---|---|
| NEBIUS GROUP NV | 4.04% | 2.94% |
| ALPHABET INC | 4.64% | 2.60% |
| AMAZON.COM INC | 5.27% | 2.38% |
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPA | 5.85% | 2.15% |
| NVIDIA CORP | 12.01% | 2.04% |
| META PLATFORMS INC | 3.78% | 1.84% |
| MICROSOFT CORP | 4.69% | 1.65% |
| TESLA INC | 2.52% | 1.38% |
| ASTERA LABS INC | 1.35% | 2.71% |
| ADVANCED MICRO DEVICES INC | 1.33% | 3.46% |
| ROBINHOOD MARKETS INC | 1.19% | 1.34% |
| SNOWFLAKE INC | 1.02% | 1.21% |
| Only in ALAI | Only in THNQ |
|---|---|
| WESTERN DIGITAL CORP 4.26% | Global Unichip Corp 2.92% |
| BROADCOM INC 3.70% | Credo Technology Group Holding Ltd 2.62% |
| SPACE EXPLORATION TECHNOLOGIES CORP 3.03% | MediaTek Inc. 2.54% |
| Anthropic PBC 2.87% | AMBARELLA, INC. 2.47% |
| APPLE INC 2.78% | ANALOG DEVICES, INC. 2.42% |
| APPLOVIN CORP 2.05% | QUALCOMM INCORPORATED 2.25% |
| SEAGATE TECHNOLOGY HOLDINGS PLC 1.95% | LAM RESEARCH CORPORATION 2.17% |
| TALEN ENERGY CORP 1.95% | Everpure, Inc 2.16% |
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 | THNQ | ALAI | THNQ | ALAI | THNQ | |
| 3 months | −2.2% | +2.8% | −4.4 pts | +0.6 pts | +0.3 pts | +5.3 pts |
| 6 months | +38.0% | +54.1% | +19.9 pts | +36.1 pts | +13.7 pts | +29.9 pts |
| 1 year | +25.6% | +42.4% | +9.1 pts | +25.8 pts | +3.9 pts | +20.6 pts |
| 3 years | not published | +165.2% | not published | +86.8 pts | not published | +67.0 pts |
| Since launch | +132.7% | +264.4% | +81.4 pts | +79.6 pts | +66.9 pts | +34.3 pts |
| ALAI Alger AI Enablers & Adopters ETF Holds 79 stocks in artificial intelligence, 60% of its weight in S&P 500 companies | THNQ ROBO Global(R) Artificial Intelligence ETF Holds 53 stocks in artificial intelligence, 44% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Alger | ROBO Global |
| Theme | Artificial intelligence | Artificial intelligence |
| In the S&P 500 | 60.0% | 43.9% |
| Active share vs the S&P 500 | 65.2% | 83.1% |
| In the Nasdaq-100 | 54.4% | 38.5% |
| Holdings | 79 | 53 |
| Top ten, share of the fund | 51.3% | 27.8% |
| Expense ratio | 0.58% | 0.68% |
| Fee for the differing part | 0.89% | 0.82% |
| Total return, 1 year | +25.6% | +42.4% |
| vs the S&P 500 | +9.1 pts | +25.8 pts |
| vs the Nasdaq-100 | +3.9 pts | +20.6 pts |
| Below its high | −2.2% | −2.5% |
| Net assets | $451m | $322m |
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.
THNQ in plain words
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 28% of the fund across 53 positions, as filed for Apr 30, 2026. Over the year to Sep 18, 2026 the fund returned +42.4% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 25.8 pts.
Questions people ask
- Do ALAI and THNQ hold the same stocks?
- By their latest filings, 24% 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 THNQ?
- ALAI has 60% of its weight in S&P 500 names and THNQ has 44%, so THNQ differs more from the index.
- Which is cheaper, ALAI or THNQ?
- ALAI charges 0.58% a year and THNQ charges 0.68%, 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 THNQ, data as of Sep 18, 2026. https://etfiq.com/compare/themes/alai-vs-thnq Free to use with attribution; the underlying files are at Open data.