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Data as of Nov 12, 2026.

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IVEP vs LUMA: Holdings Overlap & Returns

Return, fees and overlap, side by side.

Return gap
+15.4 pts
3 months to Nov 12, 2026: IVEP ahead, total return
Fee gap
0.25 pts
A year: IVEP 0.75%, LUMA 1.00%, per filings dated Jul 8, 2026 and Sep 2, 2026
Overlap
3%
Share of the two books held in common, holdings dated Jul 31, 2026 and Nov 11, 2026
Net flow
–
Needs daily flows for both funds

Pair scorecard

IVEP costs 0.25 points a year less.

Points (pts) are percentage points.

IVEP vs LUMA: Holdings Overlap & Returns
MeasureIVEPLUMA
Drawdown
Below its all-time high19.3%, high on May 6, 202633.8%, high on Oct 6, 2026
Benchmark
What it tracksAI infrastructure and chipsAI infrastructure and chips
Cost and size
Expense ratio0.75%1.00%
Net assets, IVEP as of Jul 31, 2026 and LUMA as of Nov 11, 2026$19m$10m
Holdings
Holdings in common3%

Method

Key numbers
67.0%
IVEP in the S&P 500
19.4%
LUMA in the S&P 500
−9.5%
IVEP total return, since launch, Apr 8, 2026
−23.5%
LUMA total return, since launch, Jul 15, 2026
IVEP · 6 months to Nov 12, 2026 33% of its weight is outside the S&P 500
33% of its weight is outside the S&P 50067% of IVEP's weight is in S&P 500 companies and 33% is outside the index. Holdings as of Jul 31, 2026.67%33%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 97% · top ten 42% of the fund · 30 holdings as filed for Jul 31, 2026 · Nasdaq-100: 12% in33% of its weight is outside the S&P 50067% of IVEP's weight is in S&P 500 companies and 33% is outside the index. Holdings as of Jul 31, 2026.67%33%in the S&P 500outsideactive share 97% · Nasdaq-100: 12% in

67% of IVEP's weight is in S&P 500 companies and 33% is outside the index. Holdings as of Jul 31, 2026.

LUMA · 3 months to Nov 12, 2026 81% of its weight is outside the S&P 500
81% of its weight is outside the S&P 50019% of LUMA's weight is in S&P 500 companies and 81% is outside the index. Holdings as of Nov 11, 2026.19%81%in the S&P 500of its weight outside the S&P 500active share 99% · top ten 55% of the fund · 27 holdings as published by its issuer for Nov 11, 2026 · Nasdaq-100: 9% in81% of its weight is outside the S&P 50019% of LUMA's weight is in S&P 500 companies and 81% is outside the index. Holdings as of Nov 11, 2026.19%81%inoutside the S&P 500active share 99% · Nasdaq-100: 9% in

19% of LUMA's weight is in S&P 500 companies and 81% is outside the index. Holdings as of Nov 11, 2026.

What they share

3%

By the books each fund has filed, IVEP and LUMA hold 3% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 11, 2026.

0 half 100%

half

3% in common

Positions both hold · largest shared weight first IVEP LUMA
COHERENT CORP 2.94% 5.72%
Only in one fund ↓
Only in IVEP
SCHNEIDER ELECTRIC SE 4.68%
EATON CORP PLC 4.34%
SIEMENS ENERGY AG 4.26%
NEXTERA ENERGY INC 4.22%
QUANTA SERVICES INC 4.14%
SOUTHERN COMPANY (THE) 4.14%
CONSTELLATION ENERGY CORP 4.12%
JOHNSON CONTROLS INTERNATIONAL PLC 4.08%
Only in LUMA
AYAR LABS INC 9.61%
MACOM TECHNOLOGY SOLUTIONS H 5.72%
AIXTRON SE 5.65%
LAND MARK OPTOELECTRONICS 5.31%
LUMENTUM HOLDINGS INC 4.74%
EOPTOLINK TECHNOLOGY INC L-A 4.71%
TOWER SEMICONDUCTOR LTD 4.61%
ZHONGJI INNOLIGHT CO LTD-A 4.45%
Check overlap with more funds →

Window by window

Window by window: IVEP vs LUMA: Holdings Overlap & Returns
Total returnvs its benchmark
WindowIVEPLUMAIVEPLUMA
3 months−13.6%−29.0%−11.2 pts vs VOO−20.7 pts vs EEM
6 months−18.3%–−20.1 pts vs VOO–
Since launchNot the same days: IVEP Apr 2026 · LUMA Jul 2026−9.5%−23.5%−22.1 pts vs VOO−16.7 pts vs EEM

– means no data for this window. Open this comparison in the app →

Side by side

IVEP Dan IVES Wedbush AI Power & Infrastructure ETF · Holds 30 stocks in aI infrastructure and chips, 67% of its weight in S&P 500 companies LUMA KraneShares Photonic and Optical ETF · Holds 27 stocks in aI infrastructure and chips, 19% of its weight in S&P 500 companies
Issuer Wedbush KraneShares
Theme AI infrastructure and chips AI infrastructure and chips
In the S&P 500 67.0% 19.4%
Active share vs the S&P 500 97.2% 99.0%
In the Nasdaq-100 11.7% 8.6%
Holdings 30 27
Top ten, share of the fund 41.9% 54.7%
Expense ratio 0.75% 1.00%
Fee for the differing part 0.77% 1.01%
Total return, 1 year −9.5% (since launch, Apr 8, 2026) −23.5% (since launch, Jul 15, 2026)
vs its benchmark −22.1 pts vs VOO (since launch, Apr 8, 2026) −16.7 pts vs EEM (since launch, Jul 15, 2026)
Below its high −19.3% −33.8%
Net assets, IVEP as of Jul 31, 2026 and LUMA as of Nov 11, 2026 $19m $10m

As of Nov 12, 2026. Source: ETFIQ.

3% of the two portfolios are the same securities at the same weight.

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About each fund
IVEP

By weight, 67% of IVEP's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 97%. The top ten holdings are 42% of the fund across 30 positions, as filed for Jul 31, 2026. Since it first traded on Apr 8, 2026 the fund returned −9.5% with distributions reinvested. It sits 19.3% below its all-time high of May 6, 2026.

LUMA

By weight, 19% of LUMA'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 55% of the fund across 27 positions, as published by its issuer for Nov 11, 2026. Since it first traded on Jul 15, 2026 the fund returned −23.5% with distributions reinvested. It sits 33.8% below its all-time high of Oct 6, 2026.

Questions people ask

Do IVEP and LUMA hold the same stocks?
By their latest filings, 3% 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, IVEP or LUMA?
IVEP has 67% of its weight in S&P 500 names and LUMA has 19%, so LUMA differs more from the index.
Which is cheaper, IVEP or LUMA?
IVEP charges 0.75% a year and LUMA charges 1.00%, so IVEP is cheaper. Fees come from each fund's prospectus.
Other comparisons
IVEP vs AIHYIVEP vs AINFIVEP vs TCAIIVEP vs AIPOLUMA vs CHPXLUMA vs TCAILUMA vs CGPTLUMA vs AIPO
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →IVEP on its own →LUMA on its own →IVEP holdings →LUMA holdings →Method →Standards and sources →
Sources and dates
IVEP filings on SEC EDGAR ↗
IVEP prospectus with the expense ratio (SEC) ↗
Wedbush website ↗
LUMA filings on SEC EDGAR ↗
LUMA prospectus with the expense ratio (SEC) ↗
KraneShares page for LUMA ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, IVEP against LUMA, data as of Nov 12, 2026. https://etfiq.com/compare/themes/ivep-vs-luma

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

IVEP and LUMA hold 3% of their weight in the same names.

IVEP on its own →LUMA on its own →
Growth of 100

IVEP and LUMA

Total return, distributions reinvested, 3 months.

IVEP −13.6%LUMA −29.0%
Aug 13, 2026Nov 12, 2026

IVEP −13.6%, LUMA −29.0%: IVEP +15.4 pts ahead, 3 months, Aug 13, 2026 to Nov 12, 2026.