Data as of .
ALAI vs XA: which is really different?
ALAI and XA hold 1% of their weight in the same names.
ETFIQ Off-Index Score: XA 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
1% 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 XA hold 1% of their money in the same securities at the same weight.
| Holding | ALAI | XA |
|---|---|---|
| DATADOG INC | 0.47% | 5.29% |
| F5 INC | 0.20% | 4.14% |
| AKAMAI TECHNOLOGIES INC | 0.07% | 3.16% |
| CLOUDFLARE INC | 0.05% | 4.66% |
| Only in ALAI | Only in XA |
|---|---|
| NVIDIA CORP 12.01% | Palo Alto Networks Inc 12.91% |
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPA 5.85% | Crowdstrike Holdings Inc 11.86% |
| AMAZON.COM INC 5.27% | Okta Inc 6.91% |
| MICROSOFT CORP 4.69% | Fortinet Inc 5.87% |
| ALPHABET INC 4.64% | Rubrik Inc 4.81% |
| WESTERN DIGITAL CORP 4.26% | Zscaler Inc 4.16% |
| NEBIUS GROUP NV 4.04% | GEN DIGITAL INC 3.95% |
| META PLATFORMS INC 3.78% | Elastic NV 3.92% |
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 Jun 30, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| ALAI | XA | ALAI | XA | ALAI | XA | |
| 3 months | −2.2% | +27.7% | −4.4 pts | +25.4 pts | +0.3 pts | +30.2 pts |
| 6 months | +38.0% | not published | +19.9 pts | not published | +13.7 pts | not published |
| 1 year | +25.6% | not published | +9.1 pts | not published | +3.9 pts | not published |
| Since launch | +132.7% | +59.5% | +81.4 pts | +55.1 pts | +66.9 pts | +55.6 pts |
| ALAI Alger AI Enablers & Adopters ETF Holds 79 stocks in artificial intelligence, 60% of its weight in S&P 500 companies | XA Corgi AI Cybersecurity ETF Holds 26 stocks in artificial intelligence, 47% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Alger | Corgi |
| Theme | Artificial intelligence | Artificial intelligence |
| In the S&P 500 | 60.0% | 47.2% |
| Active share vs the S&P 500 | 65.2% | 98.9% |
| In the Nasdaq-100 | 54.4% | 40.1% |
| Holdings | 79 | 26 |
| Top ten, share of the fund | 51.3% | 64.6% |
| Expense ratio | 0.58% | 0.35% |
| Fee for the differing part | 0.89% | 0.35% |
| Total return, 1 year | +25.6% | +59.5% (since launch on May 6, 2026) |
| vs the S&P 500 | +9.1 pts | +55.1 pts |
| vs the Nasdaq-100 | +3.9 pts | +55.6 pts |
| Below its high | −2.2% | −2.6% |
| Net assets | $451m | $6m |
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.
XA in plain words
By weight, 47% of XA's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 65% of the fund across 26 positions, as published by its issuer for Sep 18, 2026. Since it launched on May 6, 2026 the fund returned +59.5% with distributions reinvested against +4.3% for the S&P 500, so a holder was ahead by 55.1 pts.
Questions people ask
- Do ALAI and XA hold the same stocks?
- By their latest filings, 1% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, ALAI or XA?
- ALAI has 60% of its weight in S&P 500 names and XA has 47%, so XA differs more from the index.
- Which is cheaper, ALAI or XA?
- ALAI charges 0.58% a year and XA charges 0.35%, so XA 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 XA, data as of Sep 18, 2026. https://etfiq.com/compare/themes/alai-vs-xa Free to use with attribution; the underlying files are at Open data.