Data as of .
BAI vs XA: which is really different?
BAI and XA hold 6% of their weight in the same names.
ETFIQ Off-Index Score: XA 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
6% 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 XA hold 6% of their money in the same securities at the same weight.
| Holding | BAI | XA |
|---|---|---|
| CROWDSTRIKE HOLDINGS CLASS A | 2.06% | 11.86% |
| PALO ALTO NETWORKS | 1.54% | 12.91% |
| AKAMAI TECHNOLOGIES INC | 0.98% | 3.16% |
| OKTA CLASS A | 0.84% | 6.91% |
| ELASTIC | 0.78% | 3.92% |
| Only in BAI | Only in XA |
|---|---|
| MICRON TECHNOLOGY 6.62% | Fortinet Inc 5.87% |
| NVIDIA 5.31% | Datadog Inc 5.29% |
| ADVANCED MICRO DEVICES 5.20% | Rubrik Inc 4.81% |
| TAIWAN SEMICONDUCTOR MANUFACTURING 4.68% | Cloudflare Inc 4.66% |
| BROADCOM INC 4.61% | Zscaler Inc 4.16% |
| LAM RESEARCH 3.85% | F5 Inc 4.14% |
| SPACE EXPLORATION TECHNOLOGIES COR 3.05% | GEN DIGITAL INC 3.95% |
| INTEL CORPORATION 3.01% | Qualys Inc 3.78% |
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 Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| BAI | XA | BAI | XA | BAI | XA | |
| 3 months | −15.2% | +27.7% | −17.4 pts | +25.4 pts | −12.7 pts | +30.2 pts |
| 6 months | +34.8% | not published | +16.8 pts | not published | +10.6 pts | not published |
| 1 year | +32.2% | not published | +15.7 pts | not published | +10.4 pts | not published |
| Since launch | +83.4% | +59.5% | +49.9 pts | +55.1 pts | +36.7 pts | +55.6 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 | XA Corgi AI Cybersecurity ETF Holds 26 stocks in artificial intelligence, 47% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | iShares | Corgi |
| Theme | Artificial intelligence | Artificial intelligence |
| In the S&P 500 | 55.6% | 47.2% |
| Active share vs the S&P 500 | 76.4% | 98.9% |
| In the Nasdaq-100 | 50.0% | 40.1% |
| Holdings | 55 | 26 |
| Top ten, share of the fund | 42.2% | 64.6% |
| Expense ratio | 0.55% | 0.35% |
| Fee for the differing part | 0.72% | 0.35% |
| Total return, 1 year | +32.2% | +59.5% (since launch on May 6, 2026) |
| vs the S&P 500 | +15.7 pts | +55.1 pts |
| vs the Nasdaq-100 | +10.4 pts | +55.6 pts |
| Below its high | −16.8% | −2.6% |
| Net assets | $14.4bn | $6m |
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.
XA in plain words
By weight, 47% 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 65% of the fund across 26 positions, as published by its issuer for Sep 18, 2026. Since it launched on May 6, 2026 the fund returned +59.5% with distributions reinvested against +4.3% for the S&P 500, so a holder was ahead by 55.1 pts.
Questions people ask
- Do BAI and XA hold the same stocks?
- By their latest filings, 6% of their books are the same securities at the same weight, which is mostly different names. 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 56% of its weight in S&P 500 names and XA has 47%, 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
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 XA, data as of Sep 18, 2026. https://etfiq.com/compare/themes/bai-vs-xa Free to use with attribution; the underlying files are at Open data.