Data as of . Every figure is the themes desk's own, on published data.
BAI vs XAR
1% 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 XAR hold 1% of their money in the same securities at the same weight.
| Holding | BAI | XAR |
|---|---|---|
| Kratos Defense & Security Solutions Inc | 0.96% | 2.34% |
| BWX Technologies Inc | 0.41% | 2.74% |
| Only in BAI | Only in XAR |
|---|---|
| Broadcom Inc 5.97% | VSE Corp 3.40% |
| NVIDIA Corp 5.43% | Axon Enterprise Inc 3.23% |
| SK hynix Inc 4.93% | StandardAero Inc 3.11% |
| Taiwan Semiconductor Manufacturing Co Lt 4.64% | FTAI Aviation Ltd 3.09% |
| Alphabet Inc 4.26% | Carpenter Technology Corp 3.04% |
| Tower Semiconductor Ltd 4.22% | General Electric Co 3.02% |
| Lam Research Corp 3.99% | Woodward Inc 2.98% |
| Advanced Micro Devices Inc 3.84% | HEICO Corp 2.86% |
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 | XAR | BAI | XAR | BAI | XAR | |
| 3 months | −2.1% | −7.2% | −6.8 pts | −11.9 pts | −4.2 pts | −9.3 pts |
| 6 months | +36.4% | −9.4% | +21.2 pts | −24.5 pts | +16.2 pts | −29.5 pts |
| 1 year | +43.1% | +17.9% | +23.1 pts | −2.1 pts | +17.5 pts | −7.7 pts |
| 3 years | n/a | +113.8% | n/a | +35.9 pts | n/a | +20.3 pts |
| Since launch | +81.2% | +1074.6% | +46.5 pts | +314.2 pts | +34.9 pts | −342.9 pts |
| BAI iShares A.I. Innovation and Tech Active ETF | XAR State Street(R) SPDR(R) S&P(R) Aerospace & Defense ETF | |
|---|---|---|
| Issuer | iShares | State Street |
| Theme | Artificial intelligence | Defense |
| In the S&P 500 | 50.0% | 32.4% |
| Active share vs the S&P 500 | 77.9% | 97.9% |
| In the Nasdaq-100 | 43.9% | 3.2% |
| Holdings | 45 | 48 |
| Top ten, share of the fund | 43.8% | 30.4% |
| Expense ratio | not published | 0.35% |
| Fee for the differing part | not published | 0.36% |
| Total return, 1 year | +43.1% | +17.9% |
| vs the S&P 500 | +23.1 pts | −2.1 pts |
| vs the Nasdaq-100 | +17.5 pts | −7.7 pts |
| Below its high | −17.8% | −14.8% |
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.
XAR in plain words
By weight, 32% of XAR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 30% of the fund across 48 positions, as filed for Jun 30, 2026. Over the year to Sep 4, 2026 the fund returned +17.9% with distributions reinvested against +20.0% for the S&P 500, so a holder was behind by 2.1 pts. It sits 14.8% below its all-time high of Aug 14, 2026.
Questions people ask
- Do BAI and XAR hold the same stocks?
- By their latest filings, 1% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, BAI or XAR?
- BAI has 50% of its weight in S&P 500 names and XAR has 32%, so XAR 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 XAR, data as of Sep 4, 2026. https://etfiq.com/compare/themes/BAI-XAR.html Free to use with attribution; the underlying files are at Open data.