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Data as of Nov 4, 2026.

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Thematic ETFs

BAI vs LQAI: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, BAI returned +5.2% to LQAI's +13.0%; 26% 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 $2.2m on Jul 31, 2026 for LG QRAFT AI-Powered U.S. Large Cap Core ETF.

BAI on its own →LQAI on its own →
At a glance
51.3%
BAI in the S&P 500
92.9%
LQAI in the S&P 500
+5.2%
BAI total return, 1 year
+13.0%
LQAI total return, 1 year
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.

LQAI · 1 year to Nov 4, 2026 7% of its weight is outside the S&P 500
7% of its weight is outside the S&P 50093% of LQAI's weight is in S&P 500 companies and 7% is outside the index. Holdings as of Jul 31, 2026.93%7%of its weight in S&P 500 companies7% of its weight outside the S&P 500active share 65% · top ten 40% of the fund · 100 holdings as filed for Jul 31, 2026 · Nasdaq-100: 53% in7% of its weight is outside the S&P 50093% of LQAI's weight is in S&P 500 companies and 7% is outside the index. Holdings as of Jul 31, 2026.93%7%of its weight in S&P 500 companies7% of its weight outside the S&P 500active share 65% · Nasdaq-100: 53% in

93% of LQAI's weight is in S&P 500 companies and 7% 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 7.8 points.

Points (pts) are percentage points.

BAI vs LQAI: Holdings Overlap & Returns
MeasureBAILQAI
Return
Total return, 1 year+5.2%+13.0%
Drawdown
Below its all-time high31.3%, high on Jun 22, 20266.2%, 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%0.75%
Net assets, BAI as of Nov 3, 2026 and LQAI as of Jul 31, 2026$11.9bn$2.2m
Holdings
Holdings in common26%
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 Score25.9BAI6.6LQAI

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

26%

By the books each fund has filed, BAI and LQAI hold 26% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

0 half 100%

half

26% in common

Positions both hold · largest shared weight first BAI LQAI
MICRON TECHNOLOGY 6.01% 5.37%
NVIDIA 5.92% 5.27%
ADVANCED MICRO DEVICES 5.32% 3.60%
MICROSOFT 2.81% 4.79%
AMAZON.COM INC 2.60% 4.35%
SANDISK 1.61% 3.39%
MARVELL TECHNOLOGY 2.19% 1.55%
TESLA INC 1.33% 3.22%
INTEL CORPORATION 1.05% 2.96%
BROADCOM INC 4.64% 0.32%
WESTERN DIGITAL CORP 2.31% 0.17%
LAM RESEARCH 3.45% 0.12%
Only in one fund ↓
Only in BAI
TAIWAN SEMICONDUCTOR MANUFACTURING 5.15%
SPACE EXPLORATION TECHNOLOGIES COR 3.92%
SNOWFLAKE 3.12%
CROWDSTRIKE HOLDINGS CLASS A 2.52%
ELITE MATERIAL 2.41%
ASIA VITAL COMPONENTS 2.37%
ARISTA NETWORKS 2.30%
LUMENTUM HOLDINGS 2.22%
Only in LQAI
APPLE INC 4.09%
JP MORGAN CHASE & COMPANY 2.57%
WARNER BROS. DISCOVERY INC 2.27%
FORD MOTOR CO 1.98%
KINDER MORGAN INC 1.88%
HUNTINGTON BANCSHARES INC 1.85%
NU HOLDINGS LTD 1.85%
COMCAST CORP 1.77%
Check overlap with more funds →

Window by window

Window by window: BAI vs LQAI: Holdings Overlap & Returns
Total returnvs its benchmark
WindowBAILQAIBAILQAI
3 months−15.8%−1.1%−6.6 pts vs ARTYnot measured
6 months−19.2%+2.7%−16.0 pts vs ARTYnot measured
1 year+5.2%+13.0%−27.7 pts vs ARTYnot measured
Since launchNot the same days: BAI Oct 2024 · LQAI Nov 2023+51.4%+84.0%−34.2 pts vs ARTYnot measured

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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 LQAI LG QRAFT AI-Powered U.S. Large Cap Core ETF · Holds 100 stocks in artificial intelligence, 93% of its weight in S&P 500 companies
Issuer iShares Qraft
Theme Artificial intelligence Artificial intelligence
In the S&P 500 51.3% 92.9%
Active share vs the S&P 500 76.7% 64.9%
In the Nasdaq-100 47.0% 52.9%
Holdings 51 100
Top ten, share of the fund 42.9% 39.6%
Expense ratio 0.55% 0.75%
Fee for the differing part 0.72% 1.16%
Total return, 1 year +5.2% +13.0%
vs its benchmark −27.7 pts vs ARTY not measured
Below its high −31.3% −6.2%
Net assets, BAI as of Nov 3, 2026 and LQAI as of Jul 31, 2026 $11.9bn $2.2m

As of Nov 4, 2026. Source: ETFIQ.

26% of the two portfolios are the same securities at the same weight.

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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.

LQAI

By weight, 93% of LQAI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 65%. The top ten holdings are 40% of the fund across 100 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +13.0% with distributions reinvested. It sits 6.2% below its all-time high of Jun 30, 2026.

Questions people ask

Do BAI and LQAI hold the same stocks?
By their latest filings, 26% 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 LQAI?
BAI has 51% of its weight in S&P 500 names and LQAI has 93%, so BAI differs more from the index.
Which is cheaper, BAI or LQAI?
BAI charges 0.55% a year and LQAI charges 0.75%, so BAI is cheaper. Fees come from each fund's prospectus.
Other comparisons
BAI vs KAITBAI vs KOIDBAI vs CHATBAI vs AIQLQAI vs PBOTLQAI vs CHATLQAI vs IVESLQAI vs ROBT
Where to next
BAI on its own →LQAI on its own →BAI dividend history →BAI holdings →LQAI dividend history →LQAI holdings →Method →Standards and sources →
Sources and dates
BAI filings on SEC EDGAR ↗
BAI prospectus with the expense ratio (SEC) ↗
iShares page for BAI ↗
LQAI filings on SEC EDGAR ↗
LQAI prospectus with the expense ratio (SEC) ↗
Qraft 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 LQAI, data as of Nov 4, 2026. https://etfiq.com/compare/themes/bai-vs-lqai

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