Defiance AI Hyperscale Leaders ETF (AIHY) holdings & weights
Per-holding contribution · concentration · sector skew — a deep read
Fund overview
This is a US-listed ETF from Defiance. Key facts — expense ratio 0.37%; net assets about $17M; inception Jul 20, 2026.
Fund details
Fund overview
This is a US-listed ETF from Defiance. Key facts — expense ratio 0.37%; net assets about $17M; inception Jul 20, 2026.
9 identified stocks · net exposure / NAV 87.08%. Display weights are normalized to 100%; calculations retain original exposures without an additional leverage multiplier. Cash and unallocated contracts are excluded from stock attribution.
Weight and calculation basis
9 identified stocks · net exposure / NAV 87.08%. Display weights are normalized to 100%; calculations retain original exposures without an additional leverage multiplier. Cash and unallocated contracts are excluded from stock attribution.
Today's summary
On a constituent basis, Defiance AI Hyperscale Leaders ETF's theoretical return is +0.17%p. Today's biggest hero is Amazon.com, contributing +0.17%p (return +4.98%). The biggest suspect dragging it down is Amazon.com, at +0.17%p.
Its top 10 holdings make up about 100.0% of the fund. The concentration index (HHI) is 2179 — Moderate, and the largest sector is Information Technology (33%). The higher the concentration, the more one stock or sector drives the whole ETF's return.
Structural health
A five-axis read on how this fund is built. It is not a return forecast or a recommendation, and a low score does not mean a bad fund — leveraged products score low by design. Each axis shows the figure behind it.
Concentration sits in the 1,500–2,500 band (2,179) — moderate.
The largest sector is Information Technology at 33% — industries are reasonably spread.
0.37% a year is typical. Held ten years, roughly 3.7% goes to fees.
Net assets of $17M are small. Thin funds trade at wider spreads, and very small ones get closed or merged.
A plain 1x physical fund holding the shares themselves — no structural drift from how long you hold it.
Concentration and diversification
Structural health
A five-axis read on how this fund is built. It is not a return forecast or a recommendation, and a low score does not mean a bad fund — leveraged products score low by design. Each axis shows the figure behind it.
Concentration sits in the 1,500–2,500 band (2,179) — moderate.
The largest sector is Information Technology at 33% — industries are reasonably spread.
0.37% a year is typical. Held ten years, roughly 3.7% goes to fees.
Net assets of $17M are small. Thin funds trade at wider spreads, and very small ones get closed or merged.
A plain 1x physical fund holding the shares themselves — no structural drift from how long you hold it.
Top 9 holdings
3 derivative positions are excluded. Stock contributions do not explain the entire ETF return.
Weights are normalized to 100% of absolute exposures across analysed positions, including positions outside this top list. Cash, collateral and unverified assets are excluded. Contributions retain original signed NAV exposures; leverage is not applied twice.
Normalized to 100% of analysed positions
Weights are normalized to 100% of absolute exposures across analysed positions, including positions outside this top list. Cash, collateral and unverified assets are excluded. Contributions retain original signed NAV exposures; leverage is not applied twice.
| # | Holding | Weight |
|---|---|---|
| 1 | First American Government Obligs XFGXXX | 29.46% |
| 2 | MicrosoftMSFT | 26.01% |
| 3 | Meta PlatformsMETA | 23.61% |
| 4 | AlphabetGOOGL | 4.53% |
| 5 | Space Exploration TechnologiesSPCX | 4.21% |
| 6 | Amazon.comAMZN | 4.02% |
| 7 | AlibabaBABA | 3.20% |
| 8 | OracleORCL | 2.71% |
| 9 | TencentTCEHY | 2.25% |
Holdings below 0.5% or outside the top list are folded into “Others” and omitted above.
Where the weight sits — sector mix
Listed equity weights summed by sector and normalized to 100%. Each band is one sector's share.
Industry breakdown
HHI sums the squared weights. The more it leans on a few names, the higher it goes — and the more the whole ETF moves with them.
How concentrated is it
Defiance AI Hyperscale Leaders ETF leans heavily on a handful of names. Its concentration index (HHI) is 2179, and the top 10 holdings make up 100.0% of equity weight — closer to owning a few stocks than a diversified basket.
If you bought it for diversification, note that when one or two of those names move sharply, most of the fund's day comes from them.
HHI squares each weight and sums them: 10,000 means one stock is everything, and the more evenly spread the holdings, the closer it falls to zero.
Where the sector weight sits
Sector weights run Information Technology(33%) · Unclassified(32%) · Communication Services(28%). At 33%, the leading sector is a clear tilt.
Expect it to ride that industry's cycle — ahead of the index in good stretches, behind in bad ones.
Weights above sum the individually listed equities and normalize that equity total to 100%.
How much it overlaps others
Even its closest peer, DRAY, overlaps only 17% (2 shared names).
Funds filed under the same label can hold quite different companies, so pairing this one with another may genuinely spread risk.
What it is made of
The fund holds 15 positions in total; this page lists the largest 9 and folds the rest into "Others".
Equities are 87.1% of the fund, the rest swaps and cash — index exposure built synthetically rather than by owning the shares, which adds counterparty risk.
The expense ratio is 0.37% a year. Funds tracking the same index tend to perform alike, which makes the fee one of the few things that reliably separates them over time.
This page is not investment advice. Investment decisions and responsibility are your own.
AIHY comments
Leave a one-line take on Defiance AI Hyperscale Leaders ETF. No account — just a nickname and a code to delete it later.
Loading…
Similar ETFs
Picked by how much their actual holdings overlap. The higher the overlap, the less diversification you get from owning both.