Do BAI and IGV hold the same stocks?

By their latest filings, 7% 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 IGV?

BAI has 55% of its weight in S&P 500 names and IGV has 80%, so IGV differs more from the index.

Which is cheaper, BAI or IGV?

BAI charges 0.55% a year and IGV charges 0.38%, so IGV is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Thematic ETFs

BAI vs IGV: Holdings Overlap & Returns

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Over the year to Oct 28, 2026, BAI returned +19.6% to IGV's −4.1%; 7% of their weight is in the same names.

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Net assets: $13.6bn on Oct 28, 2026 for iShares A.I. Innovation and Tech Active ETF, and $14.4bn on Oct 27, 2026 for iShares Expanded Tech-Software Sector ETF.

BAI on its own →IGV on its own →

At a glance

55.3%

BAI in the S&P 500

80.3%

IGV in the S&P 500

+19.6%

BAI total return, 1 year

−4.1%

IGV total return, 1 year

BAI · 1 year to Oct 28, 2026 45% of its weight is outside the S&P 500

55% of BAI's weight is in S&P 500 companies and 45% is outside the index. Holdings as of Oct 27, 2026.

IGV · 1 year to Oct 28, 2026 20% of its weight is outside the S&P 500

80% of IGV's weight is in S&P 500 companies and 20% is outside the index. Holdings as of Oct 27, 2026.

Pair scorecard

IGV costs 0.17 points a year less; their one-year returns differ by 23.7 points; IGV is 1.1 times larger.

Points (pts) are percentage points.

BAI vs IGV: Holdings Overlap & Returns
Measure	BAI	IGV
Return
Measure	BAI	IGV
Total return, 1 year	+19.6%	−4.1%
Drawdown
Measure	BAI	IGV
Below its all-time high	19.6%, high on Jun 22, 2026
Against its benchmark
Measure	BAI	IGV
What it tracks	Artificial intelligence	Cloud and software
Its benchmark, total return, 1 year	+47.8%
Against its benchmark, 1 year	behind by 28.2 pts
Cost and size
Measure	BAI	IGV
Expense ratio	0.55%	0.38%
Net assets, as of Oct 27, 2026	$13.2bn	$14.4bn
Holdings
Measure	BAI	IGV
Holdings in common	7%
Top ten holdings, share of the fund	42%	61%

ETFIQ S&P 500 Difference Score · IGV scores higher How much of its weight does it not share with the S&P 500?

IQ Themes Score25.4BAI65.6IGV

How different its holdings are from the S&P 500, ranked against 112 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed

BAI 25.4

IGV 65.6

0.4, the lowest in this set 99.6, the highest

A percentile among the 112 thematic ETFs with at least half their money in S&P 500 companies. 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 →

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Nov 1, 2024 to Oct 23, 2026 · 103 weekly returns

BAI IGV

Return

Total return edge BAI +67.0% +19.9%

Annualized edge BAI +29.5% +9.6%

Price return edge BAI +64.0% +19.9%

Risk

Volatility edge IGV (slight) 34.4% 31.7%

Max drawdown edge BAI (slight) −33.3% −36.3%

Risk-adjusted

Sharpe edge BAI 0.81 0.32

Sortino edge BAI 1.19 0.48

Calmar edge BAI 0.89 0.26

Reading

BAI returned more: +67.0% to +19.9%. IGV swung slightly less: 31.7% to 34.4%. BAI fell slightly less at its worst: −33.3% to −36.3%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: BAI vs IGV: Holdings Overlap & Returns
Measure	BAI	IGV	Edge	How it is measured
Return
Total return	+67.0%	+19.9%	BAI	Price change plus distributions, reinvested.
Annualized	+29.5%	+9.6%	BAI	Total return as a yearly rate.
Price return	+64.0%	+19.9%	BAI	Price change alone, distributions left out.
Risk
Volatility	34.4%	31.7%	IGV (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	23.4%	20.8%	IGV	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−33.3%	−36.3%	BAI (slight)	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.81	0.32	BAI	Return above Treasury bills per unit of volatility.
Sortino	1.19	0.48	BAI	Return above Treasury bills per unit of downside deviation.
Calmar	0.89	0.26	BAI	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 103 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, BAI and IGV hold 7% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

7% in common

Positions both hold · largest shared weight first BAI IGV

CROWDSTRIKE HOLDINGS CLASS A 2.49% 8.55%

MICROSOFT 2.40% 8.39%

PALO ALTO NETWORKS 1.88% 9.30%

ELASTIC 1.04% 0.32%

Only in one fund ↓

Only in BAI

MICRON TECHNOLOGY 6.21%

NVIDIA 5.61%

ADVANCED MICRO DEVICES 5.54%

TAIWAN SEMICONDUCTOR MANUFACTURING 5.00%

BROADCOM INC 4.50%

LAM RESEARCH 3.43%

SPACE EXPLORATION TECHNOLOGIES COR 3.40%

SNOWFLAKE 3.21%

Only in IGV

PALANTIR TECHNOLOGIES CLASS A 9.10%

ORACLE 6.27%

SERVICENOW 4.85%

SALESFORCE 4.05%

FORTINET 3.76%

ADOBE INC 3.26%

CADENCE DESIGN SYSTEMS 3.12%

DATADOG INC CLASS A 3.10%

Check overlap with more funds →

Window by window

Window by window: BAI vs IGV: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	BAI	IGV	BAI	IGV
3 months	+16.3%	+21.2%	−5.1 pts vs ARTY	not measured
6 months	+5.1%	+32.5%	−17.8 pts vs ARTY	not measured
1 year	+19.6%	−4.1%	−28.2 pts vs ARTY	not measured
3 years	–	+70.0%	–	not measured
Since launchNot the same days: BAI Oct 2024 · IGV Jul 2001	+77.2%	+1,015.0%	−33.5 pts vs ARTY	not 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 49 stocks in artificial intelligence, 55% of its weight in S&P 500 companies IGV iShares Expanded Tech-Software Sector ETF · Holds 108 stocks in cloud and software, 80% of its weight in S&P 500 companies

Issuer iShares iShares

Theme Artificial intelligence Cloud and software

In the S&P 500 55.3% 80.3%

Active share vs the S&P 500 75.9% 92.4%

In the Nasdaq-100 50.1% 65.1%

Holdings 49 108

Top ten, share of the fund 42.5% 60.7%

Expense ratio 0.55% 0.38%

Fee for the differing part 0.72% 0.41%

Total return, 1 year +19.6% −4.1%

vs its benchmark −28.2 pts vs ARTY not measured

Below its high −19.6% −5.0%

Net assets, BAI as of Oct 28, 2026 and IGV as of Oct 27, 2026 $13.6bn $14.4bn

As of Oct 28, 2026. Source: ETFIQ.

7% of the two portfolios are the same securities at the same weight.

Client brief · page 1 of 2 Report BR-8679CEED8A

BAI and IGV are built for the same job. How do they differ in cost, holdings and results?

Theme. BAI covers Artificial intelligence and IGV covers Cloud and software.
Concentration. The top ten holdings are 42.5% of BAI and 60.7% of IGV, a gap of 18.2 points.
What each follows. BAI follows Artificial intelligence and IGV follows Cloud and software.

Data as of Oct 28, 2026.

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About each fund

BAI

By weight, 55% 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 49 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +19.6% with distributions reinvested against +47.8% for its benchmark, the Morningstar Global Artificial Intelligence Select Index, so a holder was behind by 28.2 pts. It sits 19.6% below its all-time high of Jun 22, 2026.

IGV

By weight, 80% of IGV's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 92%. The top ten holdings are 61% of the fund across 108 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned −4.1% with distributions reinvested.

Questions people ask

Do BAI and IGV hold the same stocks?: By their latest filings, 7% 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 IGV?: BAI has 55% of its weight in S&P 500 names and IGV has 80%, so IGV differs more from the index.
Which is cheaper, BAI or IGV?: BAI charges 0.55% a year and IGV charges 0.38%, so IGV is cheaper. Fees come from each fund's prospectus.

Other comparisons

BAI vs FDN BAI vs XAR BAI vs SOXX BAI vs BOTZ IGV vs ARTY IGV vs AIQ IGV vs SOXX IGV vs SMH

Where to next

BAI on its own →IGV on its own →BAI dividend history →BAI holdings →IGV dividend history →IGV holdings →Method →Standards and sources →

Sources and dates

BAI filings on SEC EDGAR ↗

BAI prospectus with the expense ratio (SEC) ↗

iShares page for BAI ↗

IGV filings on SEC EDGAR ↗

IGV prospectus with the expense ratio (SEC) ↗

iShares page for IGV ↗

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 IGV, data as of Oct 28, 2026. https://etfiq.com/compare/themes/bai-vs-igv

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