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Data as of .

BAI vs HLTH: which is really different?

BAI and HLTH hold 0% of their weight in the same names.

iShares A.I. Innovation and Tech Active ETF and Tema Healthcare AI ETF.

55.6%BAI in the S&P 500
19.2%HLTH in the S&P 500
+32.2%BAI total return, 1 year
+15.8%HLTH total return, 1 year

ETFIQ Off-Index Score: HLTH scores higher

How much of it is not the index it is sold as an alternative to?

BAI 8.6HLTH 65.80.1, the lowest in this set91.8, the highest

A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed

BAI44% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
56%44%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 76% · top ten 42% of the fund · 55 holdings filed Sep 17, 2026 · Nasdaq-100: 50% in56%44%in the S&P 500outsideactive share 76% · top ten 42% of the fund
HLTH81% of its weight is outside the S&P 500 · since launch to Sep 18, 2026
19%81%in the S&P 500of its weight outside the S&P 500active share 99% · top ten 50% of the fund · 32 holdings filed Sep 18, 2026 · Nasdaq-100: 12% in19%81%inoutside the S&P 500active share 99% · top ten 50% of the fund

0% 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 HLTH hold 0% of their money in the same securities at the same weight.

Only in each
Only in BAIOnly in HLTH
MICRON TECHNOLOGY 6.51%10X GENOMICS INC 7.67%
NVIDIA 5.36%TWIST BIOSCIENCE CORP 6.52%
ADVANCED MICRO DEVICES 5.18%ILLUMINA INC 5.44%
TAIWAN SEMICONDUCTOR MANUFACTURING 4.74%NATERA INC 5.11%
BROADCOM INC 4.59%CYTOKINETICS INC 4.61%
LAM RESEARCH 3.69%INTUITIVE SURGICAL INC 4.36%
SPACE EXPLORATION TECHNOLOGIES COR 3.16%REVOLUTION MEDICINES INC 4.28%
INTEL CORPORATION 3.09%VERTEX PHARMACEUTICALS INC 4.08%

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 dated Sep 17, 2026 and Sep 18, 2026.

Performance, window by window

BAI and HLTH over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnvs the S&P 500vs the Nasdaq-100
BAIHLTHBAIHLTHBAIHLTH
3 months−15.2%not published−17.4 ptsnot published−12.7 ptsnot published
6 months+34.8%not published+16.8 ptsnot published+10.6 ptsnot published
1 year+32.2%not published+15.7 ptsnot published+10.4 ptsnot published
Since launch+83.4%+15.8%+49.9 pts+13.7 pts+36.7 pts+14.0 pts
Open the live comparison on ETFIQ
BAI and HLTH on the same fields, as of Sep 18, 2026. Source: ETFIQ.
BAI
iShares A.I. Innovation and Tech Active ETF
Holds 55 stocks in artificial intelligence, 56% of its weight in S&P 500 companies
HLTH
Tema Healthcare AI ETF
Holds 32 stocks in artificial intelligence, 19% of its weight in S&P 500 companies
IssueriSharesTema
ThemeArtificial intelligenceArtificial intelligence
In the S&P 50055.6%19.2%
Active share vs the S&P 50076.4%99.2%
In the Nasdaq-10050.0%11.9%
Holdings5532
Top ten, share of the fund42.2%49.9%
Expense ratio0.55%0.75%
Fee for the differing part0.72%0.76%
Total return, 1 year+32.2%+15.8% (since launch on Jul 21, 2026)
vs the S&P 500+15.7 pts+13.7 pts
vs the Nasdaq-100+10.4 pts+14.0 pts
Below its high−16.8%−2.1%
Net assets$14.4bnnot published

BAI in plain words

By weight, 56% of BAI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 76%. The top ten holdings are 42% of the fund across 55 positions, as published by its issuer for Sep 17, 2026. Over the year to Sep 18, 2026 the fund returned +32.2% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 15.7 pts. It sits 16.8% below its all-time high of Jun 22, 2026.

HLTH in plain words

By weight, 19% of HLTH's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 50% of the fund across 32 positions, as published by its issuer for Sep 18, 2026. Since it launched on Jul 21, 2026 the fund returned +15.8% with distributions reinvested against +2.0% for the S&P 500, so a holder was ahead by 13.7 pts.

Questions people ask

Do BAI and HLTH hold the same stocks?
By their latest filings, 0% 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 HLTH?
BAI has 56% of its weight in S&P 500 names and HLTH has 19%, so HLTH differs more from the index.
Which is cheaper, BAI or HLTH?
BAI charges 0.55% a year and HLTH charges 0.75%, so BAI is cheaper. Fees come from each fund's prospectus.

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.

BAI against HLTH, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, BAI against HLTH, data as of Sep 18, 2026. https://etfiq.com/compare/themes/bai-vs-hlth Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources