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Data as of Nov 4, 2026.

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Thematic ETFs

BAI vs XA: Holdings Overlap & Returns

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BAI and XA hold 8% of their weight 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 $8.0m on Nov 4, 2026 for Corgi AI Cybersecurity ETF.

BAI on its own →XA on its own →
At a glance
51.3%
BAI in the S&P 500
39.3%
XA in the S&P 500
+5.2%
BAI total return, 1 year
+61.2%
XA total return, 6 months
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.

XA · 6 months to Nov 4, 2026 61% of its weight is outside the S&P 500
61% of its weight is outside the S&P 50039% of XA's weight is in S&P 500 companies and 61% is outside the index. Holdings as of Nov 4, 2026.39%61%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 99% · top ten 59% of the fund · 26 holdings as published by its issuer for Nov 4, 2026 · Nasdaq-100: 29% in61% of its weight is outside the S&P 50039% of XA's weight is in S&P 500 companies and 61% is outside the index. Holdings as of Nov 4, 2026.39%61%in the S&P 500outside the S&P 500active share 99% · Nasdaq-100: 29% in

39% of XA's weight is in S&P 500 companies and 61% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

XA costs 0.20 points a year less; BAI is far larger, $11.6bn against $8.0m.

Points (pts) are percentage points.

BAI vs XA: Holdings Overlap & Returns
MeasureBAIXA
Return
Total return, 1 year+5.2%not published
Drawdown
Below its all-time high31.3%, high on Jun 22, 202612.0%, high on Oct 27, 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%0.35%
Net assets$11.6bn$8.0m
Holdings
Holdings in common8%

Method

What they share

8%

By the books each fund has filed, BAI and XA hold 8% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

0 half 100%

half

8% in common

Positions both hold · largest shared weight first BAI XA
CROWDSTRIKE HOLDINGS CLASS A 2.52% 10.93%
PALO ALTO NETWORKS 1.86% 11.17%
OKTA CLASS A 1.29% 6.28%
ELASTIC 0.99% 4.00%
AKAMAI TECHNOLOGIES INC 0.92% 2.57%
Only in one fund ↓
Only in BAI
MICRON TECHNOLOGY 6.01%
NVIDIA 5.92%
ADVANCED MICRO DEVICES 5.32%
TAIWAN SEMICONDUCTOR MANUFACTURING 5.15%
BROADCOM INC 4.64%
SPACE EXPLORATION TECHNOLOGIES COR 3.92%
LAM RESEARCH 3.45%
SNOWFLAKE 3.12%
Only in XA
Rubrik Inc 5.31%
Zscaler Inc 4.69%
Qualys Inc 4.51%
Fortinet Inc 4.42%
GEN DIGITAL INC 4.17%
Cloudflare Inc 3.80%
Tenable Holdings Inc 3.71%
CACI International Inc 3.60%
Check overlap with more funds →

Window by window

Window by window: BAI vs XA: Holdings Overlap & Returns
Total returnvs its benchmark
WindowBAIXABAIXA
3 months−15.8%+7.0%−6.6 pts vs ARTYnot measured
6 months−19.2%+61.2%−16.0 pts vs ARTYnot measured
1 year+5.2%–−27.7 pts vs ARTY–
Since launchNot the same days: BAI Oct 2024 · XA May 2026+51.4%+61.2%−34.2 pts vs ARTYnot measured

– means no data for this window. Open this comparison in the app →

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 XA Corgi AI Cybersecurity ETF · Holds 26 stocks in artificial intelligence, 39% of its weight in S&P 500 companies
Issuer iShares Corgi
Theme Artificial intelligence Artificial intelligence
In the S&P 500 51.3% 39.3%
Active share vs the S&P 500 76.7% 98.9%
In the Nasdaq-100 47.0% 29.4%
Holdings 51 26
Top ten, share of the fund 42.9% 59.3%
Expense ratio 0.55% 0.35%
Fee for the differing part 0.72% 0.35%
Total return, 1 year +5.2% +61.2% (since launch, May 6, 2026)
vs its benchmark −27.7 pts vs ARTY not measured
Below its high −31.3% −12.0%
Net assets, BAI as of Nov 3, 2026 and XA as of Nov 4, 2026 $11.9bn $8.0m

As of Nov 4, 2026. Source: ETFIQ.

8% 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.

XA

By weight, 39% of XA's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 59% of the fund across 26 positions, as published by its issuer for Nov 4, 2026. Since it first traded on May 6, 2026 the fund returned +61.2% with distributions reinvested. It sits 12.0% below its all-time high of Oct 27, 2026.

Questions people ask

Do BAI and XA hold the same stocks?
By their latest filings, 8% 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 XA?
BAI has 51% of its weight in S&P 500 names and XA has 39%, so XA differs more from the index.
Which is cheaper, BAI or XA?
BAI charges 0.55% a year and XA charges 0.35%, so XA is cheaper. Fees come from each fund's prospectus.
Other comparisons
BAI vs LQAIBAI vs AIXBAI vs AINTBAI vs AGIQXA vs CHATXA vs FAIXA vs XAIXXA vs JHAI
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →BAI on its own →XA on its own →BAI dividend history →BAI holdings →XA holdings →Method →Standards and sources →
Sources and dates
BAI filings on SEC EDGAR ↗
BAI prospectus with the expense ratio (SEC) ↗
iShares page for BAI ↗
XA filings on SEC EDGAR ↗
XA prospectus with the expense ratio (SEC) ↗
Corgi 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 XA, data as of Nov 4, 2026. https://etfiq.com/compare/themes/bai-vs-xa

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