Do BAI and ITA hold the same stocks?

By their latest filings, 0% 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 ITA?

BAI has 55% of its weight in S&P 500 names and ITA has 81%, so ITA differs more from the index.

Which is cheaper, BAI or ITA?

BAI charges 0.55% a year and ITA charges 0.37%, so ITA is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Thematic ETFs

BAI vs ITA: Holdings Overlap & Returns

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Over the year to Oct 28, 2026, BAI returned +19.6% to ITA's −4.3%; 0% 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 $12.0bn on Oct 27, 2026 for iShares U.S. Aerospace & Defense ETF.

BAI on its own →ITA on its own →

At a glance

55.3%

BAI in the S&P 500

80.8%

ITA in the S&P 500

+19.6%

BAI total return, 1 year

−4.3%

ITA 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.

ITA · 1 year to Oct 28, 2026 19% of its weight is outside the S&P 500

81% of ITA's weight is in S&P 500 companies and 19% is outside the index. Holdings as of Oct 27, 2026.

Pair scorecard

ITA costs 0.18 points a year less; their one-year returns differ by 23.9 points; BAI is 1.1 times larger.

Points (pts) are percentage points.

BAI vs ITA: Holdings Overlap & Returns
Measure	BAI	ITA
Return
Measure	BAI	ITA
Total return, 1 year	+19.6%	−4.3%
Drawdown
Measure	BAI	ITA
Below its all-time high	19.6%, high on Jun 22, 2026	17.9%, high on Aug 14, 2026
Against its benchmark
Measure	BAI	ITA
What it tracks	Artificial intelligence	Defense
Its benchmark, total return, 1 year	+47.8%
Against its benchmark, 1 year	behind by 28.2 pts
Cost and size
Measure	BAI	ITA
Expense ratio	0.55%	0.37%
Net assets, as of Oct 27, 2026	$13.2bn	$12.0bn
Holdings
Measure	BAI	ITA
Holdings in common	0%
Top ten holdings, share of the fund	42%	76%

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

IQ Themes Score25.4BAI87.1ITA

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

ITA 87.1

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 ITA

Return

Total return edge BAI +67.0% +41.6%

Annualized edge BAI +29.5% +19.2%

Price return edge BAI +64.0% +39.9%

Risk

Volatility edge ITA 34.4% 23.2%

Max drawdown edge ITA −33.3% −20.0%

Risk-adjusted

Sharpe edge BAI 0.81 0.70

Sortino edge BAI 1.19 1.05

Calmar edge ITA (slight) 0.89 0.96

Reading

BAI returned more: +67.0% to +41.6%. ITA swung less: 23.2% to 34.4%. ITA fell less at its worst: −20.0% to −33.3%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: BAI vs ITA: Holdings Overlap & Returns
Measure	BAI	ITA	Edge	How it is measured
Return
Total return	+67.0%	+41.6%	BAI	Price change plus distributions, reinvested.
Annualized	+29.5%	+19.2%	BAI	Total return as a yearly rate.
Price return	+64.0%	+39.9%	BAI	Price change alone, distributions left out.
Risk
Volatility	34.4%	23.2%	ITA	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	23.4%	15.4%	ITA	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−33.3%	−20.0%	ITA	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.81	0.70	BAI	Return above Treasury bills per unit of volatility.
Sortino	1.19	1.05	BAI	Return above Treasury bills per unit of downside deviation.
Calmar	0.89	0.96	ITA (slight)	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 ITA hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BAI ITA

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 ITA

GE AEROSPACE 20.09%

RTX 17.06%

BOEING 6.81%

LOCKHEED MARTIN 5.66%

NORTHROP GRUMMAN CORP 5.09%

GENERAL DYNAMICS CORP 4.79%

TRANSDIGM GROUP 4.78%

HONEYWELL AEROSPACE INC 4.16%

Check overlap with more funds →

Window by window

Window by window: BAI vs ITA: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	BAI	ITA	BAI	ITA
3 months	+16.3%	−12.0%	−5.1 pts vs ARTY	not measured
6 months	+5.1%	−2.4%	−17.8 pts vs ARTY	not measured
1 year	+19.6%	−4.3%	−28.2 pts vs ARTY	not measured
3 years	–	+97.8%	–	not measured
Since launchNot the same days: BAI Oct 2024 · ITA May 2006	+77.2%	+892.2%	−33.5 pts vs ARTY	not measured

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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 ITA iShares U.S. Aerospace & Defense ETF · Holds 51 stocks in defense, 81% of its weight in S&P 500 companies

Issuer iShares iShares

Theme Artificial intelligence Defense

In the S&P 500 55.3% 80.8%

Active share vs the S&P 500 75.9% 97.7%

In the Nasdaq-100 50.1% 2.7%

Holdings 49 51

Top ten, share of the fund 42.5% 76.1%

Expense ratio 0.55% 0.37%

Fee for the differing part 0.72% 0.38%

Total return, 1 year +19.6% −4.3%

vs its benchmark −28.2 pts vs ARTY not measured

Below its high −19.6% −17.9%

Net assets, BAI as of Oct 28, 2026 and ITA as of Oct 27, 2026 $13.6bn $12.0bn

As of Oct 28, 2026. Source: ETFIQ.

0% of the two portfolios are the same securities at the same weight.

Client brief · page 1 of 2 Report BR-DAFBE00F93

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

Theme. BAI covers Artificial intelligence and ITA covers Defense.
Concentration. The top ten holdings are 42.5% of BAI and 76.1% of ITA, a gap of 33.6 points.
What each follows. BAI follows Artificial intelligence and ITA follows Defense.

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.

ITA

By weight, 81% of ITA'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 76% of the fund across 51 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned −4.3% with distributions reinvested. It sits 17.9% below its all-time high of Aug 14, 2026.

Questions people ask

Do BAI and ITA hold the same stocks?: By their latest filings, 0% 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 ITA?: BAI has 55% of its weight in S&P 500 names and ITA has 81%, so ITA differs more from the index.
Which is cheaper, BAI or ITA?: BAI charges 0.55% a year and ITA charges 0.37%, so ITA is cheaper. Fees come from each fund's prospectus.

Other comparisons

BAI vs PPA BAI vs SHLD BAI vs XAR BAI vs IDEF ITA vs ARTY ITA vs AIQ ITA vs PAVE ITA vs IGV

Where to next

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

Sources and dates

BAI filings on SEC EDGAR ↗

BAI prospectus with the expense ratio (SEC) ↗

iShares page for BAI ↗

ITA filings on SEC EDGAR ↗

ITA prospectus with the expense ratio (SEC) ↗

iShares page for ITA ↗

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

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