Data as of .
BAI vs PBOT: which is really different?
BAI and PBOT hold 22% of their weight in the same names.
ETFIQ Off-Index Score: PBOT scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
22% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, BAI and PBOT hold 22% of their money in the same securities at the same weight.
| Holding | BAI | PBOT |
|---|---|---|
| BROADCOM INC | 4.61% | 6.33% |
| ADVANCED MICRO DEVICES | 5.20% | 1.44% |
| AKAMAI TECHNOLOGIES INC | 0.98% | 1.42% |
| Only in BAI | Only in PBOT |
|---|---|
| MICRON TECHNOLOGY 6.62% | ALPHABET INC-CL A 6.86% |
| NVIDIA 5.31% | KLA CORP 6.36% |
| TAIWAN SEMICONDUCTOR MANUFACTURING 4.68% | TAIWAN SEMICONDUCTOR-SP ADR 6.34% |
| LAM RESEARCH 3.85% | ASML HOLDING NV /EUR/ 5.77% |
| SPACE EXPLORATION TECHNOLOGIES COR 3.05% | SNOWFLAKE INC 4.73% |
| INTEL CORPORATION 3.01% | CROWDSTRIKE HOLDINGS INC - A 4.64% |
| SNOWFLAKE 2.97% | PALO ALTO NETWORKS INC 4.57% |
| LUMENTUM HOLDINGS 2.84% | INFINEON TECHNOLOGIES AG /EUR/ 3.91% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| BAI | PBOT | BAI | PBOT | BAI | PBOT | |
| 3 months | −15.2% | +1.0% | −17.4 pts | −1.2 pts | −12.7 pts | +3.5 pts |
| 6 months | +34.8% | +39.5% | +16.8 pts | +21.4 pts | +10.6 pts | +15.2 pts |
| 1 year | +32.2% | not published | +15.7 pts | not published | +10.4 pts | not published |
| Since launch | +83.4% | +34.6% | +49.9 pts | +18.0 pts | +36.7 pts | +13.9 pts |
| BAI iShares A.I. Innovation and Tech Active ETF Holds 55 stocks in artificial intelligence, 56% of its weight in S&P 500 companies | PBOT Pictet AI & Automation ETF Holds 44 stocks in artificial intelligence, 61% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | iShares | Pictet |
| Theme | Artificial intelligence | Artificial intelligence |
| In the S&P 500 | 55.6% | 61.0% |
| Active share vs the S&P 500 | 76.4% | 82.1% |
| In the Nasdaq-100 | 50.0% | 52.2% |
| Holdings | 55 | 44 |
| Top ten, share of the fund | 42.2% | 52.6% |
| Expense ratio | 0.55% | 0.70% |
| Fee for the differing part | 0.72% | 0.85% |
| Total return, 1 year | +32.2% | +34.6% (since launch on Oct 16, 2025) |
| vs the S&P 500 | +15.7 pts | +18.0 pts |
| vs the Nasdaq-100 | +10.4 pts | +13.9 pts |
| Below its high | −16.8% | −3.8% |
| Net assets | $14.4bn | $14m |
BAI in plain words
By weight, 56% 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 55 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +32.2% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 15.7 pts. It sits 16.8% below its all-time high of Jun 22, 2026.
PBOT in plain words
By weight, 61% of PBOT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 82%. The top ten holdings are 53% of the fund across 44 positions, as filed for Jun 30, 2026. Since it launched on Oct 16, 2025 the fund returned +34.6% with distributions reinvested against +16.5% for the S&P 500, so a holder was ahead by 18.0 pts.
Questions people ask
- Do BAI and PBOT hold the same stocks?
- By their latest filings, 22% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, BAI or PBOT?
- BAI has 56% of its weight in S&P 500 names and PBOT has 61%, so PBOT differs more from the index.
- Which is cheaper, BAI or PBOT?
- BAI charges 0.55% a year and PBOT charges 0.70%, so BAI is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, BAI against PBOT, data as of Sep 18, 2026. https://etfiq.com/compare/themes/bai-vs-pbot Free to use with attribution; the underlying files are at Open data.