Data as of .
ALAI vs XAIX: which is really different?
ALAI and XAIX hold 26% of their weight in the same names, and XAIX returned more over the year.
ETFIQ Off-Index Score: XAIX 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
26% 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 XAIX hold 26% of their money in the same securities at the same weight.
| Holding | ALAI | XAIX |
|---|---|---|
| ALPHABET INC | 4.64% | 4.00% |
| AMAZON.COM INC | 5.27% | 3.86% |
| NVIDIA CORP | 12.01% | 3.73% |
| META PLATFORMS INC | 3.78% | 3.15% |
| MICROSOFT CORP | 4.69% | 3.07% |
| APPLE INC | 2.78% | 3.78% |
| MICRON TECHNOLOGY INC | 1.46% | 9.03% |
| WESTERN DIGITAL CORP | 4.26% | 1.31% |
| SNOWFLAKE INC | 1.02% | 0.83% |
| ARISTA NETWORKS INC | 0.40% | 1.62% |
| SK HYNIX INC | 0.29% | 7.69% |
| ALIBABA GROUP HOLDING LTD | 0.25% | 2.79% |
| Only in ALAI | Only in XAIX |
|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPA 5.85% | INTEL CORP 4.92% |
| NEBIUS GROUP NV 4.04% | CISCO SYSTEMS INC 4.13% |
| BROADCOM INC 3.70% | ORACLE CORP 3.55% |
| SPACE EXPLORATION TECHNOLOGIES CORP 3.03% | BANK OF AMERICA CORP 3.09% |
| Anthropic PBC 2.87% | PALANTIR TECHNOLOGIES INC 2.90% |
| TESLA INC 2.52% | INTERNATIONAL BUSINESS MACHINES CORP 2.42% |
| APPLOVIN CORP 2.05% | SAP SE 2.05% |
| SEAGATE TECHNOLOGY HOLDINGS PLC 1.95% | VERIZON COMMUNICATIONS INC 1.79% |
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 May 31, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| ALAI | XAIX | ALAI | XAIX | ALAI | XAIX | |
| 3 months | −2.2% | −1.3% | −4.4 pts | −3.6 pts | +0.3 pts | +1.1 pts |
| 6 months | +38.0% | +41.6% | +19.9 pts | +23.6 pts | +13.7 pts | +17.3 pts |
| 1 year | +25.6% | +39.6% | +9.1 pts | +23.0 pts | +3.9 pts | +17.8 pts |
| Since launch | +132.7% | +101.2% | +81.4 pts | +54.6 pts | +66.9 pts | +38.8 pts |
| ALAI Alger AI Enablers & Adopters ETF Holds 79 stocks in artificial intelligence, 60% of its weight in S&P 500 companies | XAIX Xtrackers Artificial Intelligence and Big Data ETF Holds 91 stocks in artificial intelligence, 71% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Alger | Xtrackers |
| Theme | Artificial intelligence | Artificial intelligence |
| In the S&P 500 | 60.0% | 70.6% |
| Active share vs the S&P 500 | 65.2% | 72.0% |
| In the Nasdaq-100 | 54.4% | 50.2% |
| Holdings | 79 | 91 |
| Top ten, share of the fund | 51.3% | 53.0% |
| Expense ratio | 0.58% | 0.35% |
| Fee for the differing part | 0.89% | 0.49% |
| Total return, 1 year | +25.6% | +39.6% |
| vs the S&P 500 | +9.1 pts | +23.0 pts |
| vs the Nasdaq-100 | +3.9 pts | +17.8 pts |
| Below its high | −2.2% | −4.9% |
| Net assets | $451m | $174m |
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.
XAIX in plain words
By weight, 71% of XAIX's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 72%. The top ten holdings are 53% of the fund across 91 positions, as filed for May 31, 2026. Over the year to Sep 18, 2026 the fund returned +39.6% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 23.0 pts.
Questions people ask
- Do ALAI and XAIX hold the same stocks?
- By their latest filings, 26% 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 XAIX?
- ALAI has 60% of its weight in S&P 500 names and XAIX has 71%, so XAIX differs more from the index.
- Which is cheaper, ALAI or XAIX?
- ALAI charges 0.58% a year and XAIX charges 0.35%, so XAIX 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 XAIX, data as of Sep 18, 2026. https://etfiq.com/compare/themes/alai-vs-xaix Free to use with attribution; the underlying files are at Open data.