ACCE AI Infrastructure vs ACCE Smart Money

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 Smart Money →

Stocks being accumulated by multiple quality institutional managers across our curated 13F universe. Rebalanced quarterly after 13F filing deadlines (Feb / May / Aug / Nov).

Performance windows

Period	ACCE AI Infrastructure	ACCE Smart Money	Spread
1M	+14.3%	+0.3%	+13.9%
3M	+30.2%	+0.3%	+29.8%
YTD	+21.5%	+0.3%	+21.2%
1Y	+21.5%	+0.3%	+21.2%
3Y	+21.5%	+0.3%	+21.2%
5Y	+21.5%	+0.3%	+21.2%
Inception	+21.5%	+0.3%	+21.2%

ACCE AI Infrastructure - risk

Volatility 30d+25.4%

Volatility 90d+26.2%

Sharpe 90d2.11

Max drawdown-16.5%

Beta vs AIQ0.90

ACCE Smart Money - risk

Volatility 30d-

Volatility 90d-

Sharpe 90d-

Max drawdown-0.8%

Beta vs SPY-

Constituent overlap

6 stocks held by both indices (out of 11 and 35)

Top sectors - ACCE AI Infrastructure

Technology67.1%

Communication Services28.5%

Consumer Cyclical4.4%

Top sectors - ACCE Smart Money

Technology31.4%

Financial Services22.9%

Communication Services17.1%

Consumer Cyclical11.4%

Healthcare5.7%

Consumer Defensive5.7%

ACCE Verdict

## Head-to-Head Verdict: ACCE AI Infrastructure vs. ACCE Smart Money

ACCE AI Infrastructure has delivered a 20.31% since-inception return against a benchmark of 9.34%, outperforming by nearly 11 percentage points, and that gap is the dominant fact in this comparison.

On risk, the AI Infrastructure index carries a 90-day volatility of 26.48% but pairs it with a Sharpe of 2.06 and a maximum drawdown of just -16.47%, a combination that signals the return has been genuinely efficient rather than luck-driven. Beta of 0.90 means it has moved slightly less than the broad market, which will surprise investors who assume AI-themed indices are high-beta bets.

The Smart Money index rebalances quarterly off 13F filings, meaning its holdings will naturally overlap with AI Infrastructure wherever institutional managers are crowding into the same semiconductor and cloud names, but its mandate is process-driven rather than theme-driven.

Smart Money suits investors who want diversified institutional conviction across sectors without committing to a single theme, and who accept that 13F data is inherently backward-looking by weeks. AI Infrastructure suits investors who want concentrated, thesis-driven exposure to the compute and software layer powering AI adoption, and who can tolerate drawdowns in exchange for the kind of Sharpe ratio this index has posted since inception. The numbers favor the theme play, not the process play, at this stage.