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Data as of Nov 12, 2026.

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JHAI vs LUMA: Holdings Overlap & Returns

Return, fees and overlap, side by side.

Return gap
+15.5 pts
3 months to Nov 12, 2026: JHAI ahead, total return
Fee gap
0.41 pts
A year: JHAI 0.59%, LUMA 1.00%, per filings dated Feb 27, 2026 and Jul 8, 2026
Overlap
4%
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

JHAI costs 0.41 points a year less; JHAI is 2.8 times larger.

Points (pts) are percentage points.

JHAI vs LUMA: Holdings Overlap & Returns
MeasureJHAILUMA
Return
Total return, 1 year+11.2%not published
Drawdown
Below its all-time high17.0%, high on Jun 30, 202633.8%, high on Oct 6, 2026
Against its benchmark
What it tracksArtificial intelligenceAI infrastructure and chips
Against the S&P 500, 1 yearbehind by 0.9 pts
Its benchmark, total return, 1 year+12.1%
Against its benchmark, 1 yearbehind by 0.9 pts
Cost and size
Expense ratio0.59%1.00%
Net assets, as of Nov 11, 2026$28m$10m
Holdings
Holdings in common4%

Method

Key numbers
68.3%
JHAI in the S&P 500
19.4%
LUMA in the S&P 500
+11.2%
JHAI total return, 1 year
−23.5%
LUMA total return, since launch, Jul 15, 2026
JHAI · 1 year to Nov 12, 2026 32% of its weight is outside the S&P 500
32% of its weight is outside the S&P 50068% of JHAI's weight is in S&P 500 companies and 32% is outside the index. Holdings as of Jul 31, 2026.68%32%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 68% · top ten 63% of the fund · 47 holdings as filed for Jul 31, 2026 · Nasdaq-100: 65% in32% of its weight is outside the S&P 50068% of JHAI's weight is in S&P 500 companies and 32% is outside the index. Holdings as of Jul 31, 2026.68%32%in the S&P 500outsideactive share 68% · Nasdaq-100: 65% in

68% of JHAI's weight is in S&P 500 companies and 32% 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

4%

By the books each fund has filed, JHAI and LUMA hold 4% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 11, 2026.

0 half 100%

half

4% in common

Positions both hold · largest shared weight first JHAI LUMA
Lumentum Holdings, Inc. 2.30% 4.74%
STMicroelectronics NV 0.91% 3.31%
Tower Semiconductor Ltd. 0.62% 4.61%
Only in one fund ↓
Only in JHAI
Taiwan Semiconductor Manufacturing Co. Ltd. 15.27%
NVIDIA Corp. 13.43%
Broadcom, Inc. 5.52%
Micron Technology, Inc. 5.39%
Microsoft Corp. 5.25%
Lam Research Corp. 4.21%
Amazon.com, Inc. 4.07%
ASML Holding NV 3.56%
Only in LUMA
AYAR LABS INC 9.61%
COHERENT CORP 5.72%
MACOM TECHNOLOGY SOLUTIONS H 5.72%
AIXTRON SE 5.65%
LAND MARK OPTOELECTRONICS 5.31%
EOPTOLINK TECHNOLOGY INC L-A 4.71%
ZHONGJI INNOLIGHT CO LTD-A 4.45%
S.O.I.T.E.C. 4.19%
Check overlap with more funds →

Window by window

Window by window: JHAI vs LUMA: Holdings Overlap & Returns
Total returnvs its benchmark
WindowJHAILUMAJHAILUMA
3 months−13.5%−29.0%−11.1 pts vs VOO−20.7 pts vs EEM
6 months−8.7%–−10.5 pts vs VOO–
1 year+11.2%–−0.9 pts vs VOO–
Since launchNot the same days: JHAI Aug 2025 · LUMA Jul 2026+23.9%−23.5%+3.5 pts vs VOO−16.7 pts vs EEM

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

Side by side

JHAI Janus Henderson Global Artificial Intelligence ETF · Holds 47 stocks in artificial intelligence, 68% 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 Janus Henderson KraneShares
Theme Artificial intelligence AI infrastructure and chips
In the S&P 500 68.3% 19.4%
Active share vs the S&P 500 68.1% 99.0%
In the Nasdaq-100 64.6% 8.6%
Holdings 47 27
Top ten, share of the fund 62.7% 54.7%
Expense ratio 0.59% 1.00%
Fee for the differing part 0.87% 1.01%
Total return, 1 year +11.2% −23.5% (since launch, Jul 15, 2026)
vs its benchmark −0.9 pts vs VOO −16.7 pts vs EEM (since launch, Jul 15, 2026)
Below its high −17.0% −33.8%
Net assets, JHAI as of Nov 12, 2026 and LUMA as of Nov 11, 2026 $28m $10m

As of Nov 12, 2026. Source: ETFIQ.

4% of the two portfolios are the same securities at the same weight.

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About each fund
JHAI

By weight, 68% of JHAI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 68%. The top ten holdings are 63% of the fund across 47 positions, as filed for Jul 31, 2026. Over the year to Nov 12, 2026 the fund returned +11.2% with distributions reinvested against +12.1% for its benchmark, the S&P 500 Index, so a holder was behind by 0.9 pts. It sits 17.0% below its all-time high of Jun 30, 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 JHAI and LUMA hold the same stocks?
By their latest filings, 4% 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, JHAI or LUMA?
JHAI has 68% of its weight in S&P 500 names and LUMA has 19%, so LUMA differs more from the index.
Which is cheaper, JHAI or LUMA?
JHAI charges 0.59% a year and LUMA charges 1.00%, so JHAI is cheaper. Fees come from each fund's prospectus.
Other comparisons
JHAI vs AIHYJHAI vs CGPTJHAI vs AINFJHAI vs AIPOLUMA vs AGIQLUMA vs AIEQLUMA vs AINTLUMA vs AIFD
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →JHAI on its own →LUMA on its own →JHAI dividend history →JHAI holdings →LUMA holdings →Method →Standards and sources →
Sources and dates
JHAI filings on SEC EDGAR ↗
JHAI prospectus with the expense ratio (SEC) ↗
Janus Henderson page for JHAI ↗
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, JHAI against LUMA, data as of Nov 12, 2026. https://etfiq.com/compare/themes/jhai-vs-luma

Open data →

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

JHAI and LUMA hold 4% of their weight in the same names.

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

JHAI and LUMA

Total return, distributions reinvested, 3 months.

JHAI −13.5%LUMA −29.0%
Aug 13, 2026Nov 12, 2026

JHAI −13.5%, LUMA −29.0%: JHAI +15.5 pts ahead, 3 months, Aug 13, 2026 to Nov 12, 2026.