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Ranked by weight in stocks the S&P 500 also holds, latest holdings filing, as of . Rebuilt every trading night.

The thematic ETFs that are mostly the index already

The theme is a smaller bet than the name suggests when most of the fund is already in the index a holder owns elsewhere.

The thematic ETFs that are mostly the index already, ranked by weight in stocks the S&P 500 also holds, as of Sep 4, 2026. Source: ETFIQ.
#TickerFundThemeIn the S&P 500Active shareFeeFee for the differing part
1AINTFINQ DOLLAR NEUTRAL U.S. Large Cap AI-Managed Equity ETFArtificial intelligence100.0%80.2%1.25%1.56%
2AIUPFINQ FIRST U.S. Large Cap AI-Managed Equity ETFArtificial intelligence100.0%76.1%0.70%0.92%
3XIGVDefiance US 100 Tech Ex Software ETFCloud and software95.5%61.9%not publishednot published
4AIXDefiance US 100 Tech AI Moat ETFArtificial intelligence92.6%65.1%not publishednot published
5SHOCStrive U.S. Semiconductor ETFSemiconductors90.7%80.4%0.40%0.50%
6LQAILG QRAFT AI-Powered U.S. Large Cap Core ETFArtificial intelligence89.9%62.1%0.75%1.21%
7AGIQSoFi Agentic AI ETFArtificial intelligence85.6%85.1%0.69%0.81%
8FTXLFirst Trust Nasdaq Semiconductor ETFSemiconductors85.6%81.2%0.60%0.74%
9SOXQInvesco PHLX Semiconductor ETFSemiconductors84.0%80.8%0.19%0.24%
10IGViShares Expanded Tech-Software Sector ETFCloud and software83.2%92.4%not publishednot published
11RBLDFirst Trust Alerian U.S. NextGen Infrastructure ETFInfrastructure83.0%91.8%0.65%0.71%
12FDNFirst Trust Dow Jones Internet Index FundInternet and e-commerce82.7%85.5%0.49%0.57%
13SMHVanEck Semiconductor ETFSemiconductors82.0%80.6%0.35%0.43%
14POWRiShares U.S. Power Infrastructure ETFElectrification and the grid81.3%96.9%0.39%0.40%
15SOXXiShares Semiconductor ETFSemiconductors80.8%81.6%not publishednot published

Method

ETFIQ matches each fund's filed holdings against the S&P 500 book on CUSIP, then ISIN, then ticker, then a normalised name. The ranking is the published field sorted, nothing else: no scoring, no weighting and no view on any fund. Every fund ETFIQ covers in this category is eligible, including funds that have closed, because leaving them out would flatter the category.

Where to next

A ranking is not a recommendation and no order on this site is an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources

Cite this page. ETFIQ, The thematic ETFs that are mostly the index already, ranked by weight in stocks the S&P 500 also holds, data as of Sep 4, 2026. https://etfiq.com/rankings/themes-most-index.html Free to use with attribution; the underlying files are at Open data.