Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

BAI vs THNQ: which is really different?

BAI and THNQ hold 28% of their weight in the same names, and THNQ returned more over the year.

iShares A.I. Innovation and Tech Active ETF and ROBO Global(R) Artificial Intelligence ETF.

55.6%BAI in the S&P 500
43.9%THNQ in the S&P 500
+32.2%BAI total return, 1 year
+42.4%THNQ total return, 1 year

ETFIQ Off-Index Score: THNQ scores higher

How much of it is not the index it is sold as an alternative to?

BAI 8.6THNQ 15.30.1, the lowest in this set91.8, the highest

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

BAI44% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
56%44%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 76% · top ten 42% of the fund · 55 holdings filed Sep 17, 2026 · Nasdaq-100: 50% in56%44%in the S&P 500outsideactive share 76% · top ten 42% of the fund
THNQ56% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
44%56%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 83% · top ten 28% of the fund · 53 holdings filed Apr 30, 2026 · Nasdaq-100: 39% in44%56%in the S&P 500outside the S&P 500active share 83% · top ten 28% of the fund

28% 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 THNQ hold 28% of their money in the same securities at the same weight.

Positions BAI and THNQ both hold, largest shared weight first
HoldingBAITHNQ
AMAZON.COM INC1.99%2.38%
CREDO TECHNOLOGY GROUP HOLDING LTD1.58%2.62%
SUPER MICRO COMPUTER INC0.97%1.31%
TESLA INC0.92%1.38%
Only in each
Only in BAIOnly in THNQ
MICRON TECHNOLOGY 6.62%ADVANCED MICRO DEVICES, INC. 3.46%
NVIDIA 5.31%Nebius Group N.V. 2.94%
ADVANCED MICRO DEVICES 5.20%Global Unichip Corp 2.92%
TAIWAN SEMICONDUCTOR MANUFACTURING 4.68%LUMENTUM HOLDINGS INC. 2.84%
BROADCOM INC 4.61%Astera Labs, Inc 2.71%
LAM RESEARCH 3.85%Infineon Technologies AG 2.67%
SPACE EXPLORATION TECHNOLOGIES COR 3.05%ALPHABET INC. 2.60%
INTEL CORPORATION 3.01%MediaTek Inc. 2.54%

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 Apr 30, 2026 and Sep 18, 2026.

Performance, window by window

BAI and THNQ over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnvs the S&P 500vs the Nasdaq-100
BAITHNQBAITHNQBAITHNQ
3 months−15.2%+2.8%−17.4 pts+0.6 pts−12.7 pts+5.3 pts
6 months+34.8%+54.1%+16.8 pts+36.1 pts+10.6 pts+29.9 pts
1 year+32.2%+42.4%+15.7 pts+25.8 pts+10.4 pts+20.6 pts
3 yearsnot published+165.2%not published+86.8 ptsnot published+67.0 pts
Since launch+83.4%+264.4%+49.9 pts+79.6 pts+36.7 pts+34.3 pts
Open the live comparison on ETFIQ
BAI and THNQ on the same fields, as of Sep 18, 2026. Source: ETFIQ.
BAI
iShares A.I. Innovation and Tech Active ETF
Holds 55 stocks in artificial intelligence, 56% of its weight in S&P 500 companies
THNQ
ROBO Global(R) Artificial Intelligence ETF
Holds 53 stocks in artificial intelligence, 44% of its weight in S&P 500 companies
IssueriSharesROBO Global
ThemeArtificial intelligenceArtificial intelligence
In the S&P 50055.6%43.9%
Active share vs the S&P 50076.4%83.1%
In the Nasdaq-10050.0%38.5%
Holdings5553
Top ten, share of the fund42.2%27.8%
Expense ratio0.55%0.68%
Fee for the differing part0.72%0.82%
Total return, 1 year+32.2%+42.4%
vs the S&P 500+15.7 pts+25.8 pts
vs the Nasdaq-100+10.4 pts+20.6 pts
Below its high−16.8%−2.5%
Net assets$14.4bn$322m

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.

THNQ in plain words

By weight, 44% of THNQ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 83%. The top ten holdings are 28% of the fund across 53 positions, as filed for Apr 30, 2026. Over the year to Sep 18, 2026 the fund returned +42.4% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 25.8 pts.

Questions people ask

Do BAI and THNQ hold the same stocks?
By their latest filings, 28% 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 THNQ?
BAI has 56% of its weight in S&P 500 names and THNQ has 44%, so THNQ differs more from the index.
Which is cheaper, BAI or THNQ?
BAI charges 0.55% a year and THNQ charges 0.68%, 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.

BAI against THNQ, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, BAI against THNQ, data as of Sep 18, 2026. https://etfiq.com/compare/themes/bai-vs-thnq Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources