// Index Comparison

ACCE AI Infrastructure vs ACCE Semiconductors

Head-to-head: performance, risk profile, and constituent overlap between two ACCE indices.

Companies building the AI compute, data, and software layer that powers artificial intelligence. This index captures firms across the AI infrastructure stack: semiconductor companies designing GPUs and AI accelerators like NVIDIA and AMD, cloud infrastructure providers scaling AI workloads, networking specialists building high-bandwidth interconnects for data centers, and AI-native software platforms enabling machine learning operations. From chips to cloud to the applications reshaping every industry, these companies form the foundation layer that makes AI possible. The index focuses on US-listed companies deriving over 30% of revenue or strategic growth from AI infrastructure, excluding pure consumer AI applications and generic enterprise software with basic AI features.

ACCE Semiconductors →

The full semiconductor value chain — from chip design through fabrication to equipment. Cyclical upswing meets structural AI demand.

Performance windows

Period	ACCE AI Infrastructure	ACCE Semiconductors	Spread
1M	+31.4%	+34.9%	-3.5%
3M	+11.4%	+19.6%	-8.2%
YTD	+11.4%	+33.3%	-21.9%
1Y	+11.4%	+33.3%	-21.9%
3Y	+11.4%	+33.3%	-21.9%
5Y	+11.4%	+33.3%	-21.9%
Inception	+11.4%	+33.3%	-21.9%

ACCE AI Infrastructure — risk

Volatility 30d+30.6%

Volatility 90d+26.6%

Sharpe 90d1.30

Max drawdown-16.5%

Beta vs AIQ1.57

ACCE Semiconductors — risk

Volatility 30d+39.1%

Volatility 90d+36.9%

Sharpe 90d2.59

Max drawdown-13.9%

Beta vs SOXX2.09

Constituent overlap

4 stocks held by both indices (out of 11 and 11)

Top sectors — ACCE AI Infrastructure

Technology70.2%

Communication Services27.6%

Consumer Cyclical2.2%

Top sectors — ACCE Semiconductors

Technology100.0%

ACCE Verdict

The ACCE Semiconductors index has crushed AI Infrastructure since inception, delivering 33.28% returns versus 11.39%, outperforming by nearly 22 percentage points. Semiconductors runs significantly hotter with 36.90% volatility compared to AI Infrastructure's 26.55%, but compensates with a superior 2.59 Sharpe ratio against 1.30, despite both indices carrying elevated beta exposure above 1.5.

While AI Infrastructure casts a wider net across the entire AI stack from chips to cloud to software platforms, Semiconductors zeroes in exclusively on the chip value chain that forms the beating heart of both indices. The overlap is substantial given that semiconductor giants like NVIDIA and AMD likely anchor both strategies, but AI Infrastructure dilutes this core semiconductor exposure with cloud providers and AI software companies.

Semiconductors is the better fit for investors seeking pure-play exposure to the chip supercycle driving AI adoption, willing to stomach higher volatility for superior risk-adjusted returns. AI Infrastructure suits investors wanting diversified AI exposure with slightly lower volatility, though they sacrifice the concentrated semiconductor alpha that has defined this technology wave. The semiconductor focus has proven decisively superior in capturing the AI infrastructure buildout.