Data as of Nov 4, 2026.
AIS vs BAI: Holdings Overlap & Returns
Over the year to Nov 4, 2026, AIS returned +44.0% to BAI's +5.2%; 34% of their weight is in the same names.
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Net assets: $940m on Nov 4, 2026 for VistaShares Artificial Intelligence Supercycle ETF, and $11.9bn on Nov 3, 2026 for iShares A.I. Innovation and Tech Active ETF.
41% of AIS's weight is in S&P 500 companies and 60% is outside the index. Holdings as of Nov 4, 2026.
51% of BAI's weight is in S&P 500 companies and 49% is outside the index. Holdings as of Nov 3, 2026.
Pair scorecard
BAI costs 0.20 points a year less; their one-year returns differ by 38.8 points; BAI is 12.3 times larger.
Points (pts) are percentage points.
| Measure | AIS | BAI |
|---|---|---|
| Return | ||
| Total return, 1 year | +44.0% | +5.2% |
| Drawdown | ||
| Below its all-time high | 37.0%, high on Jun 22, 2026 | 31.3%, high on Jun 22, 2026 |
| Against its benchmark | ||
| What it tracks | Artificial intelligence | Artificial intelligence |
| Against the S&P 500, 1 year | ahead by 29.2 pts | |
| Its benchmark, total return, 1 year | +14.8% | +32.9% |
| Against its benchmark, 1 year | ahead by 29.2 pts | behind by 27.7 pts |
| Cost and size | ||
| Expense ratio | 0.75% | 0.55% |
| Net assets | $940m | $11.6bn |
| Holdings | ||
| Holdings in common | 34% | |
Risk and return
Dec 13, 2024 to Oct 30, 2026 · 98 weekly returnsEach against its own benchmark: AIS against VOO, Dec 13, 2024 to Oct 30, 2026; BAI against ARTY, Nov 1, 2024 to Oct 30, 2026.
From Dec 2024 to Oct 2026, AIS returned more: +138.0% to +41.5%. BAI swung less: 34.0% to 38.3%. AIS fell slightly less at its worst: −30.4% to −33.3%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | AIS | BAI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +138.0% | +41.5% | AIS | Price change plus distributions, reinvested. |
| Annualized | +58.4% | +20.2% | AIS | Total return as a yearly rate. |
| Price return | +138.0% | +38.9% | AIS | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 38.3% | 34.0% | BAI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 25.9% | 23.7% | BAI (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −30.4% | −33.3% | AIS (slight) | Deepest fall from a high to the low after it. |
| Upside capture | Not measured | 91.9% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 137.5% | 103.4% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.82 | 0.99 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.50 | 0.89 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 1.29 | 0.59 | AIS | Return above Treasury bills per unit of volatility. |
| Sortino | 1.92 | 0.85 | AIS | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.272 | 0.264 | Return above Treasury bills per unit of beta. | |
| Calmar | 1.92 | 0.61 | AIS | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | VOO | ARTY | The ETF each fund is measured against. | |
| Alpha | +30.9% a year | −10.4% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 1.55 | −1.28 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −8.7% to +70.6% | −26.5% to +5.7% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 1.32 | −0.96 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 29.8% | 11.3% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 98 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, AIS and BAI hold 34% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.
half
34% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | AIS | BAI | AIS | BAI |
| 3 months | −18.7% | −15.8% | −18.6 pts vs VOO | −6.6 pts vs ARTY |
| 6 months | −15.7% | −19.2% | −20.7 pts vs VOO | −16.0 pts vs ARTY |
| 1 year | +44.0% | +5.2% | +29.2 pts vs VOO | −27.7 pts vs ARTY |
| Since launchNot the same days: AIS Dec 2024 · BAI Oct 2024 | +122.2% | +51.4% | +92.2 pts vs VOO | −34.2 pts vs ARTY |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
34% of the two portfolios are the same securities at the same weight.
Client brief:
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AIS
By weight, 40% of AIS's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 88%. The top ten holdings are 44% of the fund across 57 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned +44.0% with distributions reinvested against +14.8% for its benchmark, the S&P 500 TR, so a holder was ahead by 29.2 pts. It sits 37.0% below its all-time high of Jun 22, 2026.
BAI
By weight, 51% of BAI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 77%. The top ten holdings are 43% of the fund across 51 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +5.2% with distributions reinvested against +32.9% for its benchmark, the Morningstar Global Artificial Intelligence Select Index, so a holder was behind by 27.7 pts. It sits 31.3% below its all-time high of Jun 22, 2026.
Questions people ask
- Do AIS and BAI hold the same stocks?
- By their latest filings, 34% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, AIS against BAI, data as of Nov 4, 2026. https://etfiq.com/compare/themes/ais-vs-bai
ETFIQ. (Nov 4, 2026). AIS against BAI. Retrieved from https://etfiq.com/compare/themes/ais-vs-bai
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