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Data as of Oct 28, 2026.

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Thematic ETFs

BAI vs NLR: Holdings Overlap & Returns

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Over the year to Oct 28, 2026, BAI returned +19.6% to NLR's −35.8%; 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 $3.1bn on Oct 26, 2026 for VanEck Uranium and Nuclear ETF.

BAI on its own →NLR on its own →
At a glance
55.3%
BAI in the S&P 500
15.1%
NLR in the S&P 500
+19.6%
BAI total return, 1 year
−35.8%
NLR total return, 1 year
BAI · 1 year to Oct 28, 2026 45% of its weight is outside the S&P 500
45% of its weight is outside the S&P 50055% of BAI's weight is in S&P 500 companies and 45% is outside the index. Holdings as of Oct 27, 2026.55%45%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 76% · top ten 43% of the fund · 49 holdings as published by its issuer for Oct 27, 2026 · Nasdaq-100: 50% in45% of its weight is outside the S&P 50055% of BAI's weight is in S&P 500 companies and 45% is outside the index. Holdings as of Oct 27, 2026.55%45%in the S&P 500outsideactive share 76% · Nasdaq-100: 50% in

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

NLR · 1 year to Oct 28, 2026 85% of its weight is outside the S&P 500
85% of its weight is outside the S&P 50015% of NLR's weight is in S&P 500 companies and 85% is outside the index. Holdings as of Jun 30, 2026.15%85%in the S&P 500of its weight outside the S&P 500active share 100% · top ten 61% of the fund · 25 holdings as filed for Jun 30, 2026 · Nasdaq-100: 8% in85% of its weight is outside the S&P 50015% of NLR's weight is in S&P 500 companies and 85% is outside the index. Holdings as of Jun 30, 2026.15%85%inof its weight outside the S&P 500active share 100% · Nasdaq-100: 8% in

15% of NLR's weight is in S&P 500 companies and 85% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

NLR costs 0.03 points a year less; their one-year returns differ by 55.4 points; BAI is 4.2 times larger.

Points (pts) are percentage points.

BAI vs NLR: Holdings Overlap & Returns
MeasureBAINLR
Return
Total return, 1 year+19.6%−35.8%
Drawdown
Below its all-time high19.6%, high on Jun 22, 202641.6%, high on Jan 28, 2026
Against its benchmark
What it tracksArtificial intelligenceNuclear and uranium
Its benchmark, total return, 1 year+47.8%+13.4%
Against its benchmark, 1 yearbehind by 28.2 ptsbehind by 49.2 pts
Cost and size
Expense ratio0.55%0.52%
Net assets, as of Oct 23, 2026$12.5bn$3.0bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund42%61%

Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method

What they share

0%

By the books each fund has filed, BAI and NLR hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BAI NLR
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 NLR
Cameco Corp 8.41%
Constellation Energy Corp 8.04%
Public Service Enterprise Group Inc 7.09%
BWX Technologies Inc 6.78%
Fortum Oyj 5.75%
Oklo Inc 5.22%
Centrus Energy Corp 5.05%
Uranium Energy Corp 4.99%
Check overlap with more funds →

Window by window

Window by window: BAI vs NLR: Holdings Overlap & Returns
Total returnvs its benchmark
WindowBAINLRBAINLR
3 months+16.3%−6.5%−5.1 pts vs ARTY−10.9 pts vs ACWI
6 months+5.1%−30.2%−17.8 pts vs ARTY−37.6 pts vs ACWI
1 year+19.6%−35.8%−28.2 pts vs ARTY−49.2 pts vs ACWI
3 years–+54.0%–−34.9 pts vs ACWI
Since launchNot the same days: BAI Oct 2024 · NLR Aug 2007+77.2%+66.1%−33.5 pts vs ARTYnot 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 NLR VanEck Uranium and Nuclear ETF · Holds 25 stocks in nuclear and uranium, 15% of its weight in S&P 500 companies
Issuer iShares VanEck
Theme Artificial intelligence Nuclear and uranium
In the S&P 500 55.3% 15.1%
Active share vs the S&P 500 75.9% 99.8%
In the Nasdaq-100 50.1% 8.0%
Holdings 49 25
Top ten, share of the fund 42.5% 61.1%
Expense ratio 0.55% 0.52%
Fee for the differing part 0.72% 0.52%
Total return, 1 year +19.6% −35.8%
vs its benchmark −28.2 pts vs ARTY −49.2 pts vs ACWI
Below its high −19.6% −41.6%
Net assets, BAI as of Oct 28, 2026 and NLR as of Oct 26, 2026 $13.6bn $3.1bn

As of Oct 28, 2026. Source: ETFIQ.

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

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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.

NLR

By weight, 15% of NLR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 61% of the fund across 25 positions, as filed for Jun 30, 2026. Over the year to Oct 28, 2026 the fund returned −35.8% with distributions reinvested against +13.4% for its benchmark, the MSCI ACWI Index, so a holder was behind by 49.2 pts. It sits 41.6% below its all-time high of Jan 28, 2026.

Questions people ask

Do BAI and NLR 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 NLR?
BAI has 55% of its weight in S&P 500 names and NLR has 15%, so NLR differs more from the index.
Which is cheaper, BAI or NLR?
BAI charges 0.55% a year and NLR charges 0.52%, so NLR is cheaper. Fees come from each fund's prospectus.
Other comparisons
BAI vs URABAI vs ARKGBAI vs KWEBBAI vs COPXNLR vs ARTYNLR vs AIQNLR vs DRAMNLR vs SOXX
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →BAI on its own →NLR on its own →BAI dividend history →BAI holdings →NLR dividend history →NLR holdings →Method →Standards and sources →
Sources and dates
BAI filings on SEC EDGAR ↗
BAI prospectus with the expense ratio (SEC) ↗
iShares page for BAI ↗
NLR filings on SEC EDGAR ↗
NLR prospectus with the expense ratio (SEC) ↗
VanEck website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, BAI against NLR, data as of Oct 28, 2026. https://etfiq.com/compare/themes/bai-vs-nlr

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