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Data as of Nov 4, 2026.

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Thematic ETFs

ALAI vs WISE: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, ALAI returned +9.9% to WISE's −29.1%; 19% 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 $22m on Nov 4, 2026 for Themes Generative Artificial Intelligence ETF.

ALAI on its own →WISE on its own →
At a glance
60.0%
ALAI in the S&P 500
30.1%
WISE in the S&P 500
+9.9%
ALAI total return, 1 year
−29.1%
WISE 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.

WISE · 1 year to Nov 4, 2026 70% of its weight is outside the S&P 500
70% of its weight is outside the S&P 50030% of WISE's weight is in S&P 500 companies and 70% is outside the index. Holdings as of Nov 4, 2026.30%70%in the S&P 500of its weight outside the S&P 500active share 83% · top ten 49% of the fund · 41 holdings as published by its issuer for Nov 4, 2026 · Nasdaq-100: 28% in70% of its weight is outside the S&P 50030% of WISE's weight is in S&P 500 companies and 70% is outside the index. Holdings as of Nov 4, 2026.30%70%inoutside the S&P 500active share 83% · Nasdaq-100: 28% in

30% of WISE's weight is in S&P 500 companies and 70% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

WISE costs 0.23 points a year less; their one-year returns differ by 39.0 points.

Points (pts) are percentage points.

ALAI vs WISE: Holdings Overlap & Returns
MeasureALAIWISE
Return
Total return, 1 year+9.9%−29.1%
Drawdown
Below its all-time high15.2%, high on Oct 6, 202634.2%, high on Oct 15, 2025
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 ptsbehind by 44.1 pts
Cost and size
Expense ratio0.58%0.35%
Net assets, ALAI as of Jun 30, 2026 and WISE as of Nov 4, 2026$451m$22m
Holdings
Holdings in common19%

Method

What they share

19%

By the books each fund has filed, ALAI and WISE hold 19% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.

0 half 100%

half

19% in common

Positions both hold · largest shared weight first ALAI WISE
NVIDIA CORP 12.25% 5.47%
ALPHABET INC 4.73% 4.26%
BROADCOM INC 3.78% 3.70%
AMAZON.COM INC 5.37% 2.84%
ADVANCED MICRO DEVICES INC 1.35% 5.21%
SNOWFLAKE INC 1.04% 5.01%
Only in one fund ↓
Only in ALAI
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD 5.96%
MICROSOFT CORP 4.78%
WESTERN DIGITAL CORP 4.34%
NEBIUS GROUP NV 4.12%
META PLATFORMS INC 3.85%
SPACE EXPLORATION TECHNOLOGIES CORP 3.09%
Anthropic PBC 2.92%
APPLE INC 2.83%
Only in WISE
Information Services Group Inc 6.06%
Caris Life Sciences Inc 5.24%
C3.ai Inc 5.12%
Palantir Technologies Inc 4.59%
BIGBEAR.AI HOLDINGS INC 4.17%
Kingsoft Cloud Holdings Ltd 4.03%
PKSHA Technology Inc 3.80%
Ambarella Inc 3.69%
Check overlap with more funds →

Window by window

Window by window: ALAI vs WISE: Holdings Overlap & Returns
Total returnvs its benchmark
WindowALAIWISEALAIWISE
3 months−9.3%−18.0%−9.2 pts vs VOO−16.7 pts vs ACWI
6 months−3.5%−23.6%−8.5 pts vs VOO−26.2 pts vs ACWI
1 year+9.9%−29.1%−4.9 pts vs VOO−44.1 pts vs ACWI
Since launchNot the same days: ALAI Apr 2024 · WISE Dec 2023+107.2%+23.6%+54.7 pts vs VOO−45.1 pts vs ACWI

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Side by side

ALAI Alger AI Enablers & Adopters ETF · Holds 79 stocks in artificial intelligence, 60% of its weight in S&P 500 companies WISE Themes Generative Artificial Intelligence ETF · Holds 41 stocks in artificial intelligence, 30% of its weight in S&P 500 companies
Issuer Alger Themes
Theme Artificial intelligence Artificial intelligence
In the S&P 500 60.0% 30.1%
Active share vs the S&P 500 65.2% 83.3%
In the Nasdaq-100 62.8% 27.8%
Holdings 79 41
Top ten, share of the fund 52.3% 49.2%
Expense ratio 0.58% 0.35%
Fee for the differing part 0.89% 0.42%
Total return, 1 year +9.9% −29.1%
vs its benchmark −4.9 pts vs VOO −44.1 pts vs ACWI
Below its high −15.2% −34.2%
Net assets, ALAI as of Jun 30, 2026 and WISE as of Nov 4, 2026 $451m $22m

As of Nov 4, 2026. Source: ETFIQ.

19% of the two portfolios are the same securities at the same weight.

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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.

WISE

By weight, 30% of WISE'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 49% of the fund across 41 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned −29.1% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was behind by 44.1 pts. It sits 34.2% below its all-time high of Oct 15, 2025.

Questions people ask

Do ALAI and WISE hold the same stocks?
By their latest filings, 19% 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 WISE?
ALAI has 60% of its weight in S&P 500 names and WISE has 30%, so WISE differs more from the index.
Which is cheaper, ALAI or WISE?
ALAI charges 0.58% a year and WISE charges 0.35%, so WISE is cheaper. Fees come from each fund's prospectus.
Other comparisons
ALAI vs WDRNALAI vs XAALAI vs AINTALAI vs EPAIWISE vs CHATWISE vs ARTYWISE vs BAIWISE vs THNQ
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →ALAI on its own →WISE on its own →ALAI dividend history →ALAI holdings →WISE dividend history →WISE holdings →Method →Standards and sources →
Sources and dates
ALAI filings on SEC EDGAR ↗
ALAI prospectus with the expense ratio (SEC) ↗
Alger website ↗
WISE filings on SEC EDGAR ↗
WISE prospectus with the expense ratio (SEC) ↗
Themes page for WISE ↗

Links are sources, not endorsements. A comparison is not a recommendation.

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 WISE, data as of Nov 4, 2026. https://etfiq.com/compare/themes/alai-vs-wise

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