Do BAI and IVES hold the same stocks?

By their latest filings, 39% 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 IVES?

BAI has 51% of its weight in S&P 500 names and IVES has 76%, so BAI differs more from the index.

Which is cheaper, BAI or IVES?

BAI charges 0.55% a year and IVES charges 0.75%, so BAI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

BAI vs IVES: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, BAI returned +5.2% to IVES's +9.2%; 39% of their weight is in the same names.

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Net assets: $11.9bn on Nov 3, 2026 for iShares A.I. Innovation and Tech Active ETF, and $986m on Jul 31, 2026 for Dan IVES Wedbush AI Revolution ETF.

BAI on its own →IVES on its own →

At a glance

51.3%

BAI in the S&P 500

76.0%

IVES in the S&P 500

+5.2%

BAI total return, 1 year

+9.2%

IVES total return, 1 year

BAI · 1 year to Nov 4, 2026 49% of its weight is outside the S&P 500

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

IVES · 1 year to Nov 4, 2026 24% of its weight is outside the S&P 500

76% of IVES's weight is in S&P 500 companies and 24% is outside the index. Holdings as of Jul 31, 2026.

Pair scorecard

BAI costs 0.20 points a year less; their one-year returns differ by 4.0 points.

Points (pts) are percentage points.

BAI vs IVES: Holdings Overlap & Returns
Measure	BAI	IVES
Return
Measure	BAI	IVES
Total return, 1 year	+5.2%	+9.2%
Drawdown
Measure	BAI	IVES
Below its all-time high	31.3%, high on Jun 22, 2026	14.3%, high on Oct 6, 2026
Against its benchmark
Measure	BAI	IVES
What it tracks	Artificial intelligence	Artificial intelligence
Against the S&P 500, 1 year		behind by 5.6 pts
Its benchmark, total return, 1 year	+32.9%	+14.8%
Against its benchmark, 1 year	behind by 27.7 pts	behind by 5.6 pts
Cost and size
Measure	BAI	IVES
Expense ratio	0.55%	0.75%
Net assets, BAI as of Nov 3, 2026 and IVES as of Jul 31, 2026	$11.9bn	$986m
Holdings
Measure	BAI	IVES
Holdings in common	39%

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

IQ Themes Score25.9BAI8.3IVES

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

BAI 25.9

IVES 8.3

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

Risk and return

Jun 13, 2025 to Oct 30, 2026 · 72 weekly returns

BAI IVES

Return

Total return edge BAI (slight) +48.9% +45.0%

Annualized edge BAI (slight) +33.3% +30.7%

Price return edge BAI (slight) +46.2% +44.4%

Risk

Volatility edge IVES 33.4% 26.5%

Max drawdown edge IVES −26.2% −20.3%

Downside capture 103.4% 158.1%

Beta 0.99 1.84

Risk-adjusted

Sharpe edge IVES (slight) 0.91 1.00

Sortino edge IVES 1.33 1.55

Treynor 0.264 0.144

Calmar edge IVES 1.27 1.52

Against the benchmark

Alpha −10.4% a year −1.3% a year

Alpha t-stat −1.28 −0.10

Information ratio −0.96 0.62

Tracking error 11.3% 18.4%

Each against its own benchmark: BAI against ARTY, Nov 1, 2024 to Oct 30, 2026; IVES against VOO, Jun 13, 2025 to Oct 30, 2026.

Reading

From Jun 2025 to Oct 2026, BAI returned slightly more: +48.9% to +45.0%. IVES swung less: 26.5% to 33.4%. IVES fell less at its worst: −20.3% to −26.2%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: BAI vs IVES: Holdings Overlap & Returns
Measure	BAI	IVES	Edge	How it is measured
Return
Total return	+48.9%	+45.0%	BAI (slight)	Price change plus distributions, reinvested.
Annualized	+33.3%	+30.7%	BAI (slight)	Total return as a yearly rate.
Price return	+46.2%	+44.4%	BAI (slight)	Price change alone, distributions left out.
Risk
Volatility	33.4%	26.5%	IVES	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	22.9%	17.0%	IVES	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−26.2%	−20.3%	IVES	Deepest fall from a high to the low after it.
Upside capture	91.9%	253.6%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	103.4%	158.1%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.99	1.84	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.89	0.65	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.91	1.00	IVES (slight)	Return above Treasury bills per unit of volatility.
Sortino	1.33	1.55	IVES	Return above Treasury bills per unit of downside deviation.
Treynor	0.264	0.144		Return above Treasury bills per unit of beta.
Calmar	1.27	1.52	IVES	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	ARTY	VOO		The ETF each fund is measured against.
Alpha	−10.4% a year	−1.3% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−1.28	−0.10	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−26.5% to +5.7%	−28.4% to +25.7%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.96	0.62		Return against its benchmark per unit of tracking error.
Tracking error	11.3%	18.4%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 72 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

39%

By the books each fund has filed, BAI and IVES hold 39% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

39% in common

Positions both hold · largest shared weight first BAI IVES

NVIDIA 5.92% 4.75%

TAIWAN SEMICONDUCTOR MANUFACTURING 5.15% 4.68%

BROADCOM INC 4.64% 4.83%

ADVANCED MICRO DEVICES 5.32% 4.10%

MICRON TECHNOLOGY 6.01% 3.98%

SNOWFLAKE 3.12% 2.96%

MICROSOFT 2.81% 5.92%

AMAZON.COM INC 2.60% 5.35%

CROWDSTRIKE HOLDINGS CLASS A 2.52% 3.09%

PALO ALTO NETWORKS 1.86% 3.47%

SK HYNIX 1.56% 3.42%

TESLA INC 1.33% 3.73%

Only in one fund ↓

Only in BAI

SPACE EXPLORATION TECHNOLOGIES COR 3.92%

LAM RESEARCH 3.45%

ELITE MATERIAL 2.41%

ASIA VITAL COMPONENTS 2.37%

WESTERN DIGITAL CORP 2.31%

ARISTA NETWORKS 2.30%

LUMENTUM HOLDINGS 2.22%

MARVELL TECHNOLOGY 2.19%

Only in IVES

APPLE INC 4.91%

ALPHABET INC 4.81%

META PLATFORMS INC 4.04%

ORACLE CORP 3.51%

INTERNATIONAL BUSINESS MACHINES CORP 3.50%

GE VERNOVA INC 3.43%

PALANTIR TECHNOLOGIES INC 3.42%

SALESFORCE INC 3.35%

Check overlap with more funds →

Window by window

Window by window: BAI vs IVES: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	BAI	IVES	BAI	IVES
3 months	−15.8%	−5.6%	−6.6 pts vs ARTY	−5.5 pts vs VOO
6 months	−19.2%	+2.7%	−16.0 pts vs ARTY	−2.3 pts vs VOO
1 year	+5.2%	+9.2%	−27.7 pts vs ARTY	−5.6 pts vs VOO
Since launchNot the same days: BAI Oct 2024 · IVES Jun 2025	+51.4%	+43.7%	−34.2 pts vs ARTY	+12.7 pts vs VOO

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 IVES Dan IVES Wedbush AI Revolution ETF · Holds 30 stocks in artificial intelligence, 76% of its weight in S&P 500 companies

Issuer iShares Wedbush

Theme Artificial intelligence Artificial intelligence

In the S&P 500 51.3% 76.0%

Active share vs the S&P 500 76.7% 66.3%

In the Nasdaq-100 47.0% 63.2%

Holdings 51 30

Top ten, share of the fund 42.9% 47.4%

Expense ratio 0.55% 0.75%

Fee for the differing part 0.72% 1.13%

Total return, 1 year +5.2% +9.2%

vs its benchmark −27.7 pts vs ARTY −5.6 pts vs VOO

Below its high −31.3% −14.3%

Net assets, BAI as of Nov 3, 2026 and IVES as of Jul 31, 2026 $11.9bn $986m

As of Nov 4, 2026. Source: ETFIQ.

39% of the two portfolios are the same securities at the same weight.

Client brief:

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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.

IVES

By weight, 76% of IVES's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 66%. The top ten holdings are 47% of the fund across 30 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +9.2% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 5.6 pts. It sits 14.3% below its all-time high of Oct 6, 2026.

Questions people ask

Do BAI and IVES hold the same stocks?: By their latest filings, 39% 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 IVES?: BAI has 51% of its weight in S&P 500 names and IVES has 76%, so BAI differs more from the index.
Which is cheaper, BAI or IVES?: BAI charges 0.55% a year and IVES charges 0.75%, so BAI is cheaper. Fees come from each fund's prospectus.

Other comparisons

BAI vs IGPT BAI vs AIFD BAI vs AIEQ BAI vs JHAI IVES vs JHAI IVES vs WISE IVES vs NEWZ IVES vs WDRN

Where to next

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

Sources and dates

BAI filings on SEC EDGAR ↗

BAI prospectus with the expense ratio (SEC) ↗

iShares page for BAI ↗

IVES filings on SEC EDGAR ↗

IVES prospectus with the expense ratio (SEC) ↗

Wedbush website ↗

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 IVES, data as of Nov 4, 2026. https://etfiq.com/compare/themes/bai-vs-ives

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