IQ

Data as of Nov 4, 2026.

vsOpen in the appCompare their flowsaskIQ about these two fundsAsk the committee about these two funds
Thematic ETFs

BAI vs EPAI: Holdings Overlap & Returns

Share
Share on XDownload as PDF

BAI and EPAI hold 10% of their weight in the same names.

askIQ about this page

askIQ about BAI and EPAI

Net assets on Nov 3, 2026: $11.9bn for iShares A.I. Innovation and Tech Active ETF and $5.0m for Harbor AI Inflection Strategy ETF.

BAI on its own →EPAI on its own →
At a glance
51.3%
BAI in the S&P 500
59.2%
EPAI in the S&P 500
+5.2%
BAI total return, 1 year
+20.3%
EPAI total return, since launch, Dec 18, 2025
BAI · 1 year to Nov 4, 2026 49% of its weight is outside the S&P 500
49% of its weight is outside the S&P 50051% of BAI's weight is in S&P 500 companies and 49% is outside the index. Holdings as of Nov 3, 2026.51%49%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 77% · top ten 43% of the fund · 51 holdings as published by its issuer for Nov 3, 2026 · Nasdaq-100: 47% in49% of its weight is outside the S&P 50051% of BAI's weight is in S&P 500 companies and 49% is outside the index. Holdings as of Nov 3, 2026.51%49%in the S&P 500outsideactive share 77% · Nasdaq-100: 47% in

51% of BAI's weight is in S&P 500 companies and 49% is outside the index. Holdings as of Nov 3, 2026.

EPAI · 6 months to Nov 4, 2026 41% of its weight is outside the S&P 500
41% of its weight is outside the S&P 50059% of EPAI's weight is in S&P 500 companies and 41% is outside the index. Holdings as of Jul 31, 2026.59%41%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 96% · top ten 37% of the fund · 37 holdings as filed for Jul 31, 2026 · Nasdaq-100: 25% in41% of its weight is outside the S&P 50059% of EPAI's weight is in S&P 500 companies and 41% is outside the index. Holdings as of Jul 31, 2026.59%41%in the S&P 500outsideactive share 96% · Nasdaq-100: 25% in

59% of EPAI's weight is in S&P 500 companies and 41% is outside the index. Holdings as of Jul 31, 2026.

Pair scorecard

BAI costs 0.33 points a year less; BAI is far larger, $11.9bn against $5.0m.

Points (pts) are percentage points.

BAI vs EPAI: Holdings Overlap & Returns
MeasureBAIEPAI
Return
Total return, 1 year+5.2%not published
Drawdown
Below its all-time high31.3%, high on Jun 22, 202625.1%, high on Jun 30, 2026
Against its benchmark
What it tracksArtificial intelligenceArtificial intelligence
Its benchmark, total return, 1 year+32.9%
Against its benchmark, 1 yearbehind by 27.7 pts
Cost and size
Expense ratio0.55%0.88%
Net assets, as of Nov 3, 2026$11.9bn$5.0m
Holdings
Holdings in common10%
ETFIQ S&P 500 Difference Score · EPAI scores higher How much of its weight does it not share with the S&P 500?
IQ Themes Score25.9BAI71.9EPAI

How different its holdings are from the S&P 500, ranked against 114 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed

0.4, the lowest in this set 99.6, the highest

Weight not shared with the S&P 500 only; it says nothing about returns, fees or whether the theme pays off. All thematic ETFs ranked by it →

Method

What they share

10%

By the books each fund has filed, BAI and EPAI hold 10% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

0 half 100%

half

10% in common

Positions both hold · largest shared weight first BAI EPAI
TAIWAN SEMICONDUCTOR MANUFACTURING 5.15% 3.80%
LAM RESEARCH 3.45% 3.81%
FLEX LTD 1.25% 3.42%
ENTEGRIS INC 0.86% 2.99%
TWILIO CLASS A 0.74% 2.87%
Only in one fund ↓
Only in BAI
MICRON TECHNOLOGY 6.01%
NVIDIA 5.92%
ADVANCED MICRO DEVICES 5.32%
BROADCOM INC 4.64%
SPACE EXPLORATION TECHNOLOGIES COR 3.92%
SNOWFLAKE 3.12%
MICROSOFT 2.81%
AMAZON.COM INC 2.60%
Only in EPAI
Applied Materials Inc 4.85%
Teradyne Inc 4.67%
ASML Holding NV 3.68%
Vertiv Holdings Co 3.60%
Monolithic Power Systems Inc 3.37%
FormFactor Inc 3.20%
Everus Construction Group Inc 3.03%
TD SYNNEX Corp 2.94%
Check overlap with more funds →

Window by window

Window by window: BAI vs EPAI: Holdings Overlap & Returns
Total returnvs its benchmark
WindowBAIEPAIBAIEPAI
3 months−15.8%−13.5%−6.6 pts vs ARTYnot measured
6 months−19.2%−17.3%−16.0 pts vs ARTYnot measured
1 year+5.2%–−27.7 pts vs ARTY–
Since launchNot the same days: BAI Oct 2024 · EPAI Dec 2025+51.4%+20.3%−34.2 pts vs ARTYnot measured

– means no data for this window. Open this comparison in the app →

Side by side

BAI iShares A.I. Innovation and Tech Active ETF · Holds 51 stocks in artificial intelligence, 51% of its weight in S&P 500 companies EPAI Harbor AI Inflection Strategy ETF · Holds 37 stocks in artificial intelligence, 59% of its weight in S&P 500 companies
Issuer iShares Harbor
Theme Artificial intelligence Artificial intelligence
In the S&P 500 51.3% 59.2%
Active share vs the S&P 500 76.7% 95.6%
In the Nasdaq-100 47.0% 24.6%
Holdings 51 37
Top ten, share of the fund 42.9% 37.4%
Expense ratio 0.55% 0.88%
Fee for the differing part 0.72% 0.92%
Total return, 1 year +5.2% +20.3% (since launch, Dec 18, 2025)
vs its benchmark −27.7 pts vs ARTY not measured
Below its high −31.3% −25.1%
Net assets, as of Nov 3, 2026 $11.9bn $5.0m

As of Nov 4, 2026. Source: ETFIQ.

10% of the two portfolios are the same securities at the same weight.

Alert

BAI and EPAI flows, by email on Sundays.

One-click unsubscribe. See Privacy.

About each fund
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.

EPAI

By weight, 59% of EPAI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 96%. The top ten holdings are 37% of the fund across 37 positions, as filed for Jul 31, 2026. Since it first traded on Dec 18, 2025 the fund returned +20.3% with distributions reinvested. It sits 25.1% below its all-time high of Jun 30, 2026.

Questions people ask

Do BAI and EPAI hold the same stocks?
By their latest filings, 10% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, BAI or EPAI?
BAI has 51% of its weight in S&P 500 names and EPAI has 59%, so EPAI differs more from the index.
Which is cheaper, BAI or EPAI?
BAI charges 0.55% a year and EPAI charges 0.88%, so BAI is cheaper. Fees come from each fund's prospectus.
Other comparisons
BAI vs KAITBAI vs LQAIBAI vs DRGNBAI vs AIEQEPAI vs WDRNEPAI vs PBOTEPAI vs HLTHEPAI vs XA
Where to next
BAI on its own →EPAI on its own →BAI dividend history →BAI holdings →EPAI holdings →Method →Standards and sources →
Sources and dates
BAI filings on SEC EDGAR ↗
BAI prospectus with the expense ratio (SEC) ↗
iShares page for BAI ↗
EPAI filings on SEC EDGAR ↗
EPAI prospectus with the expense ratio (SEC) ↗
Harbor page for EPAI ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, BAI against EPAI, data as of Nov 4, 2026. https://etfiq.com/compare/themes/bai-vs-epai

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.