ETF Evaluator:
Amplify AI Powered Equity ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Mid-Cap Blend Over the Last Year
| 58.8% | Castellan Targeted Equity ETF (CTEF) |
| 53.8% | Invesco S&P Spin-Off ETF (CSD) |
| 43.0% | Counterpoint Quantitative Equity ETF (CPAI) |
| 40.8% | Optimize Strategy Index ETF (OPTZ) |
| 37.3% | Tema U.S. Manufacturing & Reshoring ETF (WELD) |
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ETF Details
Amplify AI Powered Equity ETF Overview
Amplify AI Powered Equity ETF (AIEQ) is a passively managed U.S. Equity Mid-Cap Blend exchange-traded fund (ETF). Amplify ETFs launched the ETF in 2017.
The investment seeks investment results that generally correlate to the total return performance of the AI Powered Equity Index.
The fund uses a “passive” or indexing approach to try to achieve the fund’s investment objective. The index invests primarily in equity securities listed on the iShares Core S&P Total U.S. Stock Market ETF based on the results of a proprietary, quantitative model developed by EquBot Inc. (the “index provider”) that runs on the IBM Watson™ platform. EquBot is a technology-based company focused on applying artificial intelligence based solutions to investment analyses.
About Amplify AI Powered Equity ETF (AIEQ)
There are 2 members of the management team with an average tenure of 2.51 years: Charles Ragauss (2024) and Qiao Duan (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: AI Powered Equity TR USD index with a weighting of 100%. Amplify AI Powered Equity ETF has 163 securities in its portfolio. The top 10 holdings constitute 40.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Amplify AI Powered Equity ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Amplify AI Powered Equity ETF has 0.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.1% There is 0.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Amplify AI Powered Equity ETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $120 million in total assets, which is below the $4 billion average for the Mid-Cap Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
AIEQ Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Amplify AI Powered Equity ETF expense ratio is above average compared to funds in the Mid-Cap Blend category. Amplify AI Powered Equity ETF has an expense ratio of 0.75%, which is 67% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Amplify AI Powered Equity ETF has a portfolio turnover rate of 804%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 84% for the Mid-Cap Blend category.
Recently, in the month of July 2026, Amplify AI Powered Equity ETF returned 0.2%, which earned it a grade of B, as the Mid-Cap Blend category had an average return of -1.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Amplify AI Powered Equity ETF has a trailing yield of 0.39%, which is below the 0.85% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Amplify AI Powered Equity ETF Grades
Year to date, the ETF has returned 10.1%, 3.9 percentage points worse than the category, which translates into a grade of F. The fund has returned 15.8% over the past year (grade of D), 14.5% over the past three years (grade of C) and 4.5% per year over the past five years (grade of F).
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AIEQ Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| AIEQ Return (NAV) | 0.2% | 4.0% | 15.8% | 14.5% | 4.5% | na |
| AIEQ Return (Price) | 0.4% | 3.9% | 15.8% | 14.5% | 4.5% | na |
| NAV +/- Price Return | -0.199% | 0.123% | -0.037% | -0.009% | 0.043% | na |
| Mid-Cap Blend Avg | -1.6% | 4.4% | 20.8% | 14.8% | 8.8% | 11.6% |
| AIEQ Grade (NAV) | B | C | D | C | F | na |
| +/- Category (NAV) | 1.8% | -0.4% | -5.0% | -0.4% | -4.2% | na |
| AIEQ Tax-Cost Ratio | na | na | 0.2% | 0.2% | 0.3% | na |
AIEQ Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| AIEQ Return (NAV) | 10.1% | 13.8% | 12.5% | 26.4% | -31.6% | 19.5% | 25.4% | 31.1% | -7.3% | na | na |
| AIEQ Return (Price) | 9.9% | 14.0% | 12.5% | 26.5% | -31.9% | 20.1% | 25.4% | 31.2% | -7.6% | na | na |
| NAV +/- Price Ret | -0.018% | 0.011% | 0.005% | 0.003% | 0.010% | 0.032% | -0.001% | 0.3% | 3.9% | na | na |
| Mid-Cap Blend Avg | 14.0% | 10.6% | 16.1% | 16.9% | -14.4% | 23.3% | 15.6% | 27.4% | -9.1% | 19.1% | 14.8% |
| AIEQ Grade (NAV) | F | B | D | A | F | D | A | A | B | na | na |
| +/- Category | -3.9% | 3.2% | -3.6% | 9.5% | -17.2% | -3.8% | 9.8% | 3.8% | 1.8% | na | na |
| Risk Measures | |
| Beta: | 1.16 |
| R-Squared: | 76% |
| Standard Deviation: | 17.4% |
| Category Risk Index: | 1.11 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.42 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 0.4% |
| Total Assets: | $ 120 Mil |
| Share Class Assets: | $ 120 Mil |
| Turnover: | 804.0% |
| Expense Ratio: | 0.75% |
| Index Fund: | Yes |
| Index Tracked: | AI Powered Equity TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 2.5 years | |||
| Average Tenure: 2.5 years | |||
| Managers (Year): Ragauss Charles (2024), Duan Qiao (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 163 |
| % in Top 10 Holdings: | 40.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.7% |
Portfolio Allocation |
|
| Domestic Stock: | 99.1% |
| Foreign Stock: | 0.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Amplify ETFs |
| Phone Number: | 855-267-3837 |
| Website: | |
| Inception Date: | October 17, 2017 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.45% |
