At a glance
AIEQ charges 0.75% a year, above the 0.13% average of the 4 funds most like it (the most expensive of 5). It has $122.7M in assets, the 5th largest of that group; it paid 0.39% of its price in distributions over the past 12 months, annual. Over the past year it returned +6.6% with distributions reinvested (S&P 500: +11.5%), the weakest of those 5 funds; over three years it returned +20.7% a year. At its worst it fell 34.6% in the 2020 crash (S&P 500: 33.7%) and 30.8% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 4 months and 25 months after the lows. Its ten largest positions make up 37.2% of the fund, out of 161 in all.
The short version
Amplify AI Powered Equity ETF (AIEQ) tracks the AI Powered Equity Index. That index uses an artificial-intelligence model from EquBot, running on IBM Watson, to pick roughly 30 to 200 US-listed stocks each month. AIEQ is not a fund of AI companies. It is a stock-picking strategy run by AI, and it costs 0.75% a year. Funds with similar holdings average 0.13%. It also trades heavily, with 804% portfolio turnover.
Price history
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AIEQ +6.6% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| AIEQ official prospectus, to Dec 31, 2024 | — | +13.80% | — | +5.75% | — | +9.40% |
| AIEQ price data to Oct 27, 2026 | +9.0% | +6.6% | +20.7% | +3.7% | — | +9.5% |
- Over the year to Oct 27, 2026, AIEQ returned +6.6%, 5th of 5 among similar funds.
- Its 5-year annualized return was +3.7%.
- In the 2020 COVID crash it fell 34.6% and regained its old high 3.9 months after the low.
- Its worst full calendar year was 2022 (-31.9%); its best was 2019 (+31.2%).
- The deepest fall in its price history was 39% (Nov 16, 2021 to May 4, 2023), recovered by Jul 23, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +9.0% | — |
| 2025 | +13.9% | +13.80% |
| 2024 | +12.5% | +12.49% |
| 2023 | +26.5% | +26.39% |
| 2022 | -31.9% | -31.57% |
| 2021 | +20.1% | +19.48% |
| 2020 | +25.4% | +25.42% |
| 2019 | +31.2% | +31.14% |
| 2018 | -7.6% | -7.29% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 34.6% over that stretch · deepest drop along the way 34.6%, back to its old high 3.9 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 28.5% over that stretch · deepest drop along the way 30.8%, back to its old high 25.4 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2025 | $0.1900 | -26.9% |
| 2024 | $0.2600 | -25.7% |
| 2023 | $0.3500 | +1066.7% |
| 2022 | $0.0300 | -95.9% |
| 2021 | $0.7400 | +428.6% |
| 2020 | $0.1400 | -17.6% |
| 2019 | $0.1700 | -91.5% |
| 2018 | $1.9900 |
What's inside
As of Jun 30, 2026, the fund held 161 securities; the ten largest made up 37.22% of assets.
| Holding | Weight | |
|---|---|---|
| NVIDIA Corp | 6.91% | |
| Apple Inc | 5.63% | |
| Garmin Ltd | 4.24% | |
| Alphabet Inc | 3.52% | |
| Amazon.com Inc | 3.30% | |
| Microsoft Corp | 3.23% | |
| Broadcom Inc | 2.79% | |
| Tesla Inc | 2.74% | |
| Alphabet Inc | 2.69% | |
| Meta Platforms Inc | 2.18% | |
| GE Vernova Inc | 2.00% | |
| Micron Technology Inc | 1.97% | |
| JPMorgan Chase & Co | 1.57% | |
| Advanced Micro Devices Inc | 1.53% | |
| Mastercard Inc | 1.50% |
By country
United States 92.64%Switzerland 4.8%Ireland 1.24%Bermuda 1.04%By asset type
Stocks 99.71%By sector
Sectors of the companies held, for the 85.6% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jun 30, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jun 30, 2026, investors withdrew a net $2.4M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +10.27%, +4.89%, -1.02%.
How it works
AIEQ is an index fund. It tries to match the AI Powered Equity Index, not beat it, and keeps at least 80% of net assets in the index's stocks. EquBot Inc. built the index with a proprietary model that runs on IBM Watson. Solactive AG calculates and maintains it. The model picks from the stocks held by the iShares Core S&P Total US Stock Market ETF. These include SPACs (blank-check companies formed to merge with a business) and REITs (real estate investment trusts). It weighs up to ten years of company data against recent economic and news data.
Four business days before the last business day of each month, the model ranks companies by forecast return. It then selects roughly 30 to 200 with the most expected upside, aiming for the highest risk-adjusted return compared with the US market. Each stock's weight depends on its forecast and on how it moves with the other holdings. No company can exceed 10%, no industry can exceed 25%, and at least 80% must be in stocks. At times, a large share may sit in cash.
This monthly reshuffle means heavy trading. Turnover was 804%, which means the fund replaced its holdings about eight times in a year. That can add trading costs and short-term capital gains, which are taxed at ordinary income rates. As of June 30, 2026, the fund held 161 stocks and no derivatives.
What it really costs
- AIEQ charges 0.75% a year, versus an average of 0.13% for the similar funds below (5th of 5, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $77 in the first year and $930 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| AIEQ | $77 | $240 | $417 | $930 |
In a retirement portfolio
It is a costly, high-turnover stock-picking strategy that has fallen as much as 39% and has trailed broad index funds with similar holdings.
AIEQ adds an AI-picked, mostly US stock sleeve, but it moves like a full stock fund. Its one-year beta of 0.97 means it moved almost in step with the market. It did not exist in 2008. It fell 34.6% in the 2020 COVID crash and recovered by July 20, 2020. It lost 31.6% in 2022, its worst calendar year. Its deepest drop, 39% from November 16, 2021 to May 4, 2023, was not recovered until July 23, 2025. Anyone selling shares for living costs during that stretch would have locked in losses. The yield was 0.39% as of October 27, 2026, paid once a year. It costs 0.75% a year, or $930 over 10 years on $10,000 in the SEC's standard example. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want a small, rules-based test of AI stock picking next to a low-cost core, and who accept a 0.75% fee.
- People who can sit through deep drops, like the 39% fall from November 2021 to May 2023 that took until July 2025 to recover.
- Holders using tax-deferred accounts such as IRAs, where short-term gains from 804% turnover aren't taxed each year.
Look elsewhere if
- Cost-focused investors: similar funds averaged 0.13%, and SPTM charges 0.03% while sharing 61% of AIEQ's holdings.
- Income seekers: the yield was 0.39% as of October 27, 2026, and it pays only once a year.
- Anyone expecting AI to win: AIEQ's 6.6% one-year return to October 27, 2026 ranked last among five similar funds.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| AIEQ this fund | — | 0.75% | $122.7M | +6.6% | +20.7% |
| SPTM SPDR Portfolio S&P 1500 Composite Stock Mar… | 61% | 0.03% | $13.58B | +11.9% | +21.5% |
| DFUS Dimensional U.S. Equity Market ETF | 58% | 0.09% | $20.88B | +11.7% | +22.0% |
| DFAC Dimensional U.S. Core Equity 2 ETF | 44% | 0.17% | $47.89B | +15.9% | +21.1% |
| DFUV Dimensional US Marketwide Value ETF | 25% | 0.21% | $15.43B | +28.9% | +21.4% |
Questions investors ask
How does AIEQ use AI to pick stocks?
It follows an index whose stocks are chosen by artificial intelligence. EquBot created the AI Powered Equity Index using a computer model that runs on IBM Watson, and Solactive calculates it. Each month the model ranks U.S.-listed stocks by forecast gains and picks roughly 30 to 200, capping any one company at 10% and any industry at 25%. As of June 30, 2026, the fund held 161 stocks, led by NVIDIA (6.9%), Apple (5.6%) and Garmin (4.2%).
Is AIEQ an index fund or actively managed?
It is an index fund. Amplify Investments runs AIEQ passively, tracking the AI Powered Equity Index instead of trying to beat it, and it does not take defensive positions when markets fall. But the index is rebuilt every month. Portfolio turnover, a measure of how much of the fund is traded in a year, was 804% according to the prospectus filed January 28, 2026. Heavy trading adds costs not counted in the expense ratio and can generate short-term capital gains, taxed at ordinary income rates in taxable accounts.
What is AIEQ's expense ratio?
It is 0.75% a year, according to the prospectus filed January 28, 2026. The expense ratio is the yearly fee taken out of fund assets. AIEQ's fee is well above the 0.13% average of the four funds with the most similar holdings, making it the most expensive of the five. Under the SEC's standard example, $10,000 invested with a 5% annual return and cashed out at the end of each period would incur about $77 in costs after one year, $417 after five years and $930 after ten.
What's the difference between AIEQ and SPTM?
Mainly how stocks are picked and what they cost. SPTM, the SPDR Portfolio S&P 1500 Composite Stock Market ETF, is a broad U.S. stock fund; AIEQ holds a shorter list chosen by an AI model. Their holdings overlap by 61%. SPTM charges 0.03% a year versus AIEQ's 0.75%. SPTM returned 12.7% over one year and 23.2% a year over three years as of October 30, 2026, against 6.6% and 20.7% for AIEQ as of October 27, 2026. SPTM is also far larger.
Is AIEQ good for retirement income?
Not as an income source. AIEQ pays a dividend once a year, and its trailing yield (dividends paid over the past year divided by the share price) was 0.39%, or $0.19 per share, as of October 27, 2026. It is an all-stock fund with large swings. It lost 31.6% in 2022, and its deepest decline, 39% from November 2021 to May 2023, did not fully recover until July 2025. It may suit investors seeking growth who can ride out long slumps.