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AIHY vs ALAI

Defiance AI Hyperscale Leaders ETF

AIHYBNYSE Arca

Alger AI Enablers & Adopters ETF

ALAIBNYSE Arca

Overlap

21.7%by weight

Expense ratio

AIHY −0.21pt a year

AIHY0.37%ALAI0.58%

Avg volume · 30D

ALAI 3.0×the volume

AIHY25.7KALAI78.3K

AIHY vs ALAI Performance

Aug 6, 2026 – Nov 6, 2026

−2.7%AIHY−12.6%ALAI

Aug 6, 2026 to Nov 6, 2026. AIHY −2.7%. ALAI −12.6%. Use the arrow keys to read each point.−10%0%5%10%Aug 2026Sep 2026Nov 2026
Expense ratio
AIHY 0.37%, better
ALAI 0.58%
Fund size
AIHY $16M
ALAI $2.11B
1Y total return
AIHY No data
ALAI +6.5%
Yield (12M)
AIHY No data
ALAI 1.40%
Holdings
AIHY 13
ALAI 78
Avg volume (30D)
AIHY 25.7K sh
ALAI 78.3K sh, better
NAV per share
AIHY $20.44
ALAI $38.79
52W range

ETF.net Grade

AIHY: Cost 90, Risk 85, Mission not scored, Tradability 53, Holdings 22, Durability 41. ALAI: Cost 66, Risk 66, Mission not scored, Tradability 48, Holdings 36, Durability 70.
Pillar letters and Scores for AIHY, ALAI, with each pillar’s weight
PillarAIHYALAI
Cost30% weightA90HigherB66
Mission25% weightNot scoredNot scored
Risk15% weightA85HigherB66
Tradability15% weightC53HigherC48
Holdings10% weightF22D36Higher
Durability5% weightC41A70Higher

Rank among Artificial Intelligence funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. AIHY and ALAI are both graded against the same 30 Artificial Intelligence funds, so their Grades compare head to head.

Artificial Intelligence⁠

Category · 30 funds
See all 30 ›

AIHY ranks 4th and ALAI 10th of 30 funds in the Artificial Intelligence Category.

  1. Rank 1AXAIXXtrackers Artificial Intelligence and Big Data ETFScore 79
  2. Rank 2AQTUMDefiance Quantum ETFScore 78
  3. Rank 3AARTYiShares Future AI & Tech ETFScore 72
  4. Rank 4BAIHYDefiance AI Hyperscale Leaders ETFScore 69
  5. Rank 5BAIQGlobal X Artificial Intelligence & Technology ETFScore 64
  6. Rank 7BROBTFirst Trust Nasdaq Artificial Intelligence and Robotics ETFScore 63
  7. Rank 10BALAIAlger AI Enablers & Adopters ETFScore 58
  8. Rank 10BWISEThemes Generative Artificial Intelligence ETFScore 58

Our read on each fund

ETF.net Research

AIHYBDefiance AI Hyperscale Leaders ETF

ALAIBAlger AI Enablers & Adopters ETF

In short

AIHY No data

ALAI Most AI funds hand the theme to an index. Alger hands it to analysts: active managers sort names into AI Enablers (the builders) and AI Adopters (the users), at 0.58% net of a waiver through December 31, 2027.

Stated mandate

AIHY No data

ALAI The Fund’s stated aim is long-term growth in capital.

Why people hold it

AIHY No data

  • ALAI Two sides of the trade. The prospectus splits AI into Enablers (the hardware, software and services behind it) and Adopters (companies folding AI into their operations).sec.gov
  • A judgment call, not a keyword screen: the manager must see AI playing a material role in driving a stock's performance over the next twelve to thirty-six months.sec.gov
  • At least 80% of net assets go to equities of any market cap the manager believes benefit from AI, so small and mid caps can sit beside the megacap names.sec.gov
  • 0.58% net of a waiver through December 31, 2027 (0.67% gross) lands below the AI category median, unusual for active stock picking. A multi-billion-dollar book behind it.

Worth knowing

AIHY No data

  • ALAI Index rivals cost less: ARTY at 0.47%, XAIX at 0.35%, neither on a waiver. The fee here buys research, and reverts toward 0.67% if the waiver lapses after 2027.
  • Concentrated and busy. About 70 stocks in one theme, and the prospectus notes turnover costs sit outside the expense ratio and can raise taxes in a taxable account.sec.gov
  • Launched in April 2024, so the record is short, and trading is moderate rather than among the category's heaviest, which can matter on large or fast orders.

Full AIHY profile⁠

Full ALAI profile⁠

AIHY vs ALAI Holdings

How AIHY and ALAI differ

Overlap by weight

21.7%

Shared holdings make up 53.8% of AIHY and 23.0% of ALAI.

Level by level

  • Holdings6 in both21.7%
  • Sector9 Sectors67.5%
  • Countryby domicile91.8%
  • Asset classStocks100%

Sector

Sector weights in AIHY and ALAI, widest gap first
SectorMore in AIHYMore in ALAIGap
CommunicationAIHY +32.5 points
TechnologyALAI +19.8 points
Health CareALAI +4.1 points
UtilitiesALAI +3.6 points
FinancialsALAI +2.5 points
IndustrialsALAI +1.6 points
MaterialsALAI +0.4 points
EnergyALAI +0.3 points
Consumer DiscretionaryALAI +0.1 points

Country, concentration and asset class

Country by domicile

Country weights in AIHY and ALAI, widest gap first
CountryMore in AIHYMore in ALAIGap
ChinaAIHY +7.7 points
TaiwanALAI +5.9 points
SingaporeALAI +1.0 points
CanadaALAI +0.7 points
NetherlandsALAI +0.5 points
Other countries (2)AIHY +0.4 points

Concentration

Weight in the 10 largest Holdings

  • AIHY117.3%
  • ALAI54.8%

Securities held

  • AIHY10
  • ALAI77

Asset class

AIHY
Stocks
ALAI
Stocks

Holdings

  • Only in AIHY4
  • In both6
  • Only in ALAI71

Only in AIHY

4 securities, 32.8% of AIHY by weight

  • First American Government Obligations Fund 12/01/203124.84%
  • Alphabet Inc3.55%
  • Oracle Corp2.23%

Only in ALAI

71 securities, 76.7% of ALAI by weight

  • NVIDIA Corp USD 0.00111.50%
  • Taiwan Semiconductor M Twd 10.0 Adr5.20%
  • Alphabet Inc Class C3.74%

Weight gaps

All 6 Holdings in both funds, largest gap first.

Holding weights in AIHY and ALAI, widest gap first
HoldingMore in AIHYMore in ALAIGap
Meta Platforms IncMETAAIHY +15.19 points
Microsoft CorpMSFTAIHY +11.61 points
Alibaba Group Holding LtdBABAAIHY +2.90 points
Apple IncAAPLAIHY +1.55 points
Amazon.com IncAMZNALAI +1.32 points
Space Exploration Technologies CorpSPCXAIHY +0.87 points

All 14 AIHY holdings⁠All 68 ALAI holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AIHY vs ALAI Cost

Overpaying ALAI vs AIHY

$3,940

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AIHY 0.37%

    $7,513

  • ALAI 0.58%

    $11,453

$10,000
30 years

Cost over time

  • AIHY 0.37%
  • ALAI 0.58%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530ALAI $11,453AIHY $7,513

Year by year

YearAIHYALAIOverpaying
10$670$1,041$371
20$2,590$3,986$1,396
30$7,513$11,453$3,940

Expense ratio

  • 0.37%AIHY, cheaper
  • 0.58%ALAI
  • Middle half of Artificial Intelligence funds
  • Median 0.65%

AIHY 4th cheapest of 30 funds

ALAI 10th cheapest of 30 funds

AIHY vs ALAI Dividends

Last 12 months to Nov 6, 2026
Yield (12M)
AIHY No data
ALAI 1.40%
Payout (12M)
AIHY None
ALAI $0.54
Last payment
AIHY No data
ALAI $0.54
Ex-dividend
AIHY No data
ALAI Dec 18, 2025
Paid on
AIHY No data
ALAI Dec 31, 2025
Frequency
AIHY No data
ALAI Irregular

Distribution history

Per share, 2024 to 2026, same scale for both

AIHYAll AIHY payments⁠

No distribution history available.

ALAIIrregular · 2 paymentsAll ALAI payments⁠
One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 18, 2024 $0.17; Dec 18, 2025 $0.54. Use the arrow keys to read each point.$0$0.502026YTD

AIHY vs ALAI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AIHY No dataALAI 26.7%since May 2024
Return per unit of riskSharpe ratio, 3 years
AIHY No dataALAI 1.18since May 2024
Worst fallMax drawdown, 5 years
AIHY No dataALAI −29.4%since Apr 2024
Market sensitivityBeta, 5 years
AIHY 2.22ALAI 1.93

AIHY and ALAI in the news

All news⁠

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