Data as of . Every figure is the themes desk's own, on published data.
BAI vs SMH
30% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, BAI and SMH hold 30% of their money in the same securities at the same weight.
| Holding | BAI | SMH |
|---|---|---|
| NVIDIA Corp | 5.43% | 17.56% |
| Broadcom Inc | 5.97% | 5.28% |
| Taiwan Semiconductor Manufacturing Co Lt | 4.64% | 9.29% |
| Lam Research Corp | 3.99% | 5.32% |
| Advanced Micro Devices Inc | 3.84% | 5.63% |
| Micron Technology Inc | 3.21% | 5.68% |
| Intel Corp | 2.72% | 5.15% |
| Monolithic Power Systems Inc | 2.52% | 1.22% |
| Only in BAI | Only in SMH |
|---|---|
| SK hynix Inc 4.93% | Applied Materials Inc 5.74% |
| Alphabet Inc 4.26% | KLA Corp 5.58% |
| Tower Semiconductor Ltd 4.22% | ASML Holding NV 5.04% |
| Lumentum Holdings Inc 3.32% | Marvell Technology Inc 4.67% |
| Elite Material Co Ltd 3.20% | Texas Instruments Inc 4.17% |
| Fabrinet 3.13% | Analog Devices Inc 4.00% |
| Alchip Technologies Ltd 2.68% | QUALCOMM Inc 3.74% |
| Advantest Corp 2.44% | Cadence Design Systems Inc 2.15% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings as filed for Apr 30, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| BAI | SMH | BAI | SMH | BAI | SMH | |
| 3 months | −2.1% | −0.5% | −6.8 pts | −5.2 pts | −4.2 pts | −2.5 pts |
| 6 months | +36.4% | +49.0% | +21.2 pts | +33.8 pts | +16.2 pts | +28.8 pts |
| 1 year | +43.1% | +96.2% | +23.1 pts | +76.3 pts | +17.5 pts | +70.6 pts |
| 3 years | n/a | +267.0% | n/a | +189.0 pts | n/a | +173.5 pts |
| Since launch | +81.2% | +5013.0% | +46.5 pts | +4201.6 pts | +34.9 pts | +3328.9 pts |
| BAI iShares A.I. Innovation and Tech Active ETF | SMH VanEck Semiconductor ETF | |
|---|---|---|
| Issuer | iShares | VanEck |
| Theme | Artificial intelligence | Semiconductors |
| In the S&P 500 | 50.0% | 82.0% |
| Active share vs the S&P 500 | 77.9% | 80.6% |
| In the Nasdaq-100 | 43.9% | 85.9% |
| Holdings | 45 | 25 |
| Top ten, share of the fund | 43.8% | 70.3% |
| Expense ratio | not published | 0.35% |
| Fee for the differing part | not published | 0.43% |
| Total return, 1 year | +43.1% | +96.2% |
| vs the S&P 500 | +23.1 pts | +76.3 pts |
| vs the Nasdaq-100 | +17.5 pts | +70.6 pts |
| Below its high | −17.8% | −15.2% |
BAI in plain words
By weight, 50% of BAI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 78%. The top ten holdings are 44% of the fund across 45 positions, as filed for Apr 30, 2026. Over the year to Sep 4, 2026 the fund returned +43.1% with distributions reinvested against +20.0% for the S&P 500, so a holder was ahead by 23.1 pts. It sits 17.8% below its all-time high of Jun 22, 2026.
SMH in plain words
By weight, 82% of SMH's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 81%. The top ten holdings are 70% of the fund across 25 positions, as filed for Jun 30, 2026. Over the year to Sep 4, 2026 the fund returned +96.2% with distributions reinvested against +20.0% for the S&P 500, so a holder was ahead by 76.3 pts. It sits 15.2% below its all-time high of Jun 22, 2026.
Questions people ask
- Do BAI and SMH hold the same stocks?
- By their latest filings, 30% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, BAI or SMH?
- BAI has 50% of its weight in S&P 500 names and SMH has 82%, so SMH differs more from the index.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, BAI against SMH, data as of Sep 4, 2026. https://etfiq.com/compare/themes/BAI-SMH.html Free to use with attribution; the underlying files are at Open data.