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Data as of Nov 4, 2026.

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Thematic ETFs

BAI vs WISE: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, BAI returned +5.2% to WISE's −29.1%; 22% 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 $22m on Nov 4, 2026 for Themes Generative Artificial Intelligence ETF.

BAI on its own →WISE on its own →
At a glance
51.3%
BAI in the S&P 500
30.1%
WISE in the S&P 500
+5.2%
BAI total return, 1 year
−29.1%
WISE 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.

WISE · 1 year to Nov 4, 2026 70% of its weight is outside the S&P 500
70% of its weight is outside the S&P 50030% of WISE's weight is in S&P 500 companies and 70% is outside the index. Holdings as of Nov 4, 2026.30%70%in the S&P 500of its weight outside the S&P 500active share 83% · top ten 49% of the fund · 41 holdings as published by its issuer for Nov 4, 2026 · Nasdaq-100: 28% in70% of its weight is outside the S&P 50030% of WISE's weight is in S&P 500 companies and 70% is outside the index. Holdings as of Nov 4, 2026.30%70%inoutside the S&P 500active share 83% · Nasdaq-100: 28% in

30% of WISE's weight is in S&P 500 companies and 70% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

WISE costs 0.20 points a year less; their one-year returns differ by 34.3 points; BAI is far larger, $11.6bn against $22m.

Points (pts) are percentage points.

BAI vs WISE: Holdings Overlap & Returns
MeasureBAIWISE
Return
Total return, 1 year+5.2%−29.1%
Drawdown
Below its all-time high31.3%, high on Jun 22, 202634.2%, high on Oct 15, 2025
Against its benchmark
What it tracksArtificial intelligenceArtificial intelligence
Its benchmark, total return, 1 year+32.9%+15.0%
Against its benchmark, 1 yearbehind by 27.7 ptsbehind by 44.1 pts
Cost and size
Expense ratio0.55%0.35%
Net assets$11.6bn$22m
Holdings
Holdings in common22%

Method

What they share

22%

By the books each fund has filed, BAI and WISE hold 22% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

0 half 100%

half

22% in common

Positions both hold · largest shared weight first BAI WISE
NVIDIA 5.92% 5.47%
ADVANCED MICRO DEVICES 5.32% 5.21%
BROADCOM INC 4.64% 3.70%
SNOWFLAKE 3.12% 5.01%
AMAZON.COM INC 2.60% 2.84%
COREWEAVE CLASS A 1.15% 1.70%
CREDO TECHNOLOGY GROUP HOLDING LTD 1.48% 0.75%
Only in one fund ↓
Only in BAI
MICRON TECHNOLOGY 6.01%
TAIWAN SEMICONDUCTOR MANUFACTURING 5.15%
SPACE EXPLORATION TECHNOLOGIES COR 3.92%
LAM RESEARCH 3.45%
MICROSOFT 2.81%
CROWDSTRIKE HOLDINGS CLASS A 2.52%
ELITE MATERIAL 2.41%
ASIA VITAL COMPONENTS 2.37%
Only in WISE
Information Services Group Inc 6.06%
Caris Life Sciences Inc 5.24%
C3.ai Inc 5.12%
Palantir Technologies Inc 4.59%
Alphabet Inc 4.26%
BIGBEAR.AI HOLDINGS INC 4.17%
Kingsoft Cloud Holdings Ltd 4.03%
PKSHA Technology Inc 3.80%
Check overlap with more funds →

Window by window

Window by window: BAI vs WISE: Holdings Overlap & Returns
Total returnvs its benchmark
WindowBAIWISEBAIWISE
3 months−15.8%−18.0%−6.6 pts vs ARTY−16.7 pts vs ACWI
6 months−19.2%−23.6%−16.0 pts vs ARTY−26.2 pts vs ACWI
1 year+5.2%−29.1%−27.7 pts vs ARTY−44.1 pts vs ACWI
Since launchNot the same days: BAI Oct 2024 · WISE Dec 2023+51.4%+23.6%−34.2 pts vs ARTY−45.1 pts vs ACWI

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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 WISE Themes Generative Artificial Intelligence ETF · Holds 41 stocks in artificial intelligence, 30% of its weight in S&P 500 companies
Issuer iShares Themes
Theme Artificial intelligence Artificial intelligence
In the S&P 500 51.3% 30.1%
Active share vs the S&P 500 76.7% 83.3%
In the Nasdaq-100 47.0% 27.8%
Holdings 51 41
Top ten, share of the fund 42.9% 49.2%
Expense ratio 0.55% 0.35%
Fee for the differing part 0.72% 0.42%
Total return, 1 year +5.2% −29.1%
vs its benchmark −27.7 pts vs ARTY −44.1 pts vs ACWI
Below its high −31.3% −34.2%
Net assets, BAI as of Nov 3, 2026 and WISE as of Nov 4, 2026 $11.9bn $22m

As of Nov 4, 2026. Source: ETFIQ.

22% 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.

WISE

By weight, 30% of WISE'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 49% of the fund across 41 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned −29.1% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was behind by 44.1 pts. It sits 34.2% below its all-time high of Oct 15, 2025.

Questions people ask

Do BAI and WISE hold the same stocks?
By their latest filings, 22% 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 WISE?
BAI has 51% of its weight in S&P 500 names and WISE has 30%, so WISE differs more from the index.
Which is cheaper, BAI or WISE?
BAI charges 0.55% a year and WISE charges 0.35%, so WISE is cheaper. Fees come from each fund's prospectus.
Other comparisons
BAI vs WDRNBAI vs XABAI vs AINTBAI vs EPAIWISE vs XAIXWISE vs DRAIWISE vs DRGNWISE vs HLTH
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →BAI on its own →WISE on its own →BAI dividend history →BAI holdings →WISE dividend history →WISE holdings →Method →Standards and sources →
Sources and dates
BAI filings on SEC EDGAR ↗
BAI prospectus with the expense ratio (SEC) ↗
iShares page for BAI ↗
WISE filings on SEC EDGAR ↗
WISE prospectus with the expense ratio (SEC) ↗
Themes page for WISE ↗

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

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