Do BAI and XAIX hold the same stocks?

By their latest filings, 28% 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 XAIX?

BAI has 51% of its weight in S&P 500 names and XAIX has 79%, so BAI differs more from the index.

Which is cheaper, BAI or XAIX?

BAI charges 0.55% a year and XAIX charges 0.35%, so XAIX is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

BAI vs XAIX: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, BAI returned +5.2% to XAIX's +25.0%; 28% 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 $147m on Nov 2, 2026 for Xtrackers Artificial Intelligence and Big Data ETF.

BAI on its own →XAIX on its own →

At a glance

51.3%

BAI in the S&P 500

79.0%

XAIX in the S&P 500

+5.2%

BAI total return, 1 year

+25.0%

XAIX total return, 1 year

BAI · 1 year to Nov 4, 2026 49% of its weight is outside the S&P 500

51% of BAI's weight is in S&P 500 companies and 49% is outside the index. Holdings as of Nov 3, 2026.

XAIX · 1 year to Nov 4, 2026 21% of its weight is outside the S&P 500

79% of XAIX's weight is in S&P 500 companies and 21% is outside the index. Holdings as of Aug 31, 2026.

Pair scorecard

XAIX costs 0.20 points a year less; their one-year returns differ by 19.8 points; BAI is far larger, $11.7bn against $147m.

Points (pts) are percentage points.

BAI vs XAIX: Holdings Overlap & Returns
Measure	BAI	XAIX
Return
Measure	BAI	XAIX
Total return, 1 year	+5.2%	+25.0%
Drawdown
Measure	BAI	XAIX
Below its all-time high	31.3%, high on Jun 22, 2026	11.3%, high on Jun 2, 2026
Against its benchmark
Measure	BAI	XAIX
What it tracks	Artificial intelligence	Artificial intelligence
Its benchmark, total return, 1 year	+32.9%	+15.0%
Against its benchmark, 1 year	behind by 27.7 pts	ahead by 10.0 pts
Cost and size
Measure	BAI	XAIX
Expense ratio	0.55%	0.35%
Net assets, as of Nov 2, 2026	$11.7bn	$147m
Active share vs the S&P 500	77%	66%
Holdings
Measure	BAI	XAIX
Holdings in common	28%

ETFIQ S&P 500 Difference Score · BAI scores higher How much of its weight does it not share with the S&P 500?

IQ Themes Score25.9BAI9.2XAIX

How different its holdings are from the S&P 500, ranked against 114 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed

BAI 25.9

XAIX 9.2

0.4, the lowest in this set 99.6, the highest

Weight not shared with the S&P 500 only; it says nothing about returns, fees or whether the theme pays off. All thematic ETFs ranked by it →

Method

Risk and return

Nov 1, 2024 to Oct 30, 2026 · 104 weekly returns

BAI XAIX

Return

Total return edge XAIX +62.1% +70.0%

Annualized edge XAIX +27.3% +30.4%

Price return edge XAIX +59.2% +68.6%

Risk

Volatility edge XAIX 34.3% 24.4%

Max drawdown edge XAIX −33.3% −21.8%

Downside capture 103.4% 126.8%

Beta 0.99 1.44

Risk-adjusted

Sharpe edge XAIX 0.76 1.04

Sortino edge XAIX 1.11 1.66

Treynor 0.264 0.186

Calmar edge XAIX 0.82 1.39

Against the benchmark

Alpha −10.4% a year +7.0% a year

Alpha t-stat −1.28 0.84

Information ratio −0.96 0.95

Tracking error 11.3% 13.7%

Each against its own benchmark: BAI against ARTY, Nov 1, 2024 to Oct 30, 2026; XAIX against ACWI, Aug 9, 2024 to Oct 30, 2026.

Reading

From Nov 2024 to Oct 2026, XAIX returned more: +70.0% to +62.1%. XAIX swung less: 24.4% to 34.3%. XAIX fell less at its worst: −21.8% to −33.3%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: BAI vs XAIX: Holdings Overlap & Returns
Measure	BAI	XAIX	Edge	How it is measured
Return
Total return	+62.1%	+70.0%	XAIX	Price change plus distributions, reinvested.
Annualized	+27.3%	+30.4%	XAIX	Total return as a yearly rate.
Price return	+59.2%	+68.6%	XAIX	Price change alone, distributions left out.
Risk
Volatility	34.3%	24.4%	XAIX	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	23.4%	15.4%	XAIX	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−33.3%	−21.8%	XAIX	Deepest fall from a high to the low after it.
Upside capture	91.9%	198.7%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	103.4%	126.8%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.99	1.44	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.89	0.74	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.76	1.04	XAIX	Return above Treasury bills per unit of volatility.
Sortino	1.11	1.66	XAIX	Return above Treasury bills per unit of downside deviation.
Treynor	0.264	0.186		Return above Treasury bills per unit of beta.
Calmar	0.82	1.39	XAIX	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	ARTY	ACWI		The ETF each fund is measured against.
Alpha	−10.4% a year	+7.0% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−1.28	0.84	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−26.5% to +5.7%	−9.4% to +23.4%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.96	0.95		Return against its benchmark per unit of tracking error.
Tracking error	11.3%	13.7%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 104 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

28%

By the books each fund has filed, BAI and XAIX hold 28% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

28% in common

Positions both hold · largest shared weight first BAI XAIX

NVIDIA 5.92% 4.75%

MICRON TECHNOLOGY 6.01% 3.58%

ADVANCED MICRO DEVICES 5.32% 3.50%

MICROSOFT 2.81% 5.87%

AMAZON.COM INC 2.60% 4.70%

CROWDSTRIKE HOLDINGS CLASS A 2.52% 1.97%

ARISTA NETWORKS 2.30% 1.87%

PALO ALTO NETWORKS 1.86% 2.60%

SK HYNIX 1.56% 3.08%

WESTERN DIGITAL CORP 2.31% 1.16%

SNOWFLAKE 3.12% 1.09%

INTEL CORPORATION 1.05% 2.76%

Only in one fund ↓

Only in BAI

TAIWAN SEMICONDUCTOR MANUFACTURING 5.15%

BROADCOM INC 4.64%

SPACE EXPLORATION TECHNOLOGIES COR 3.92%

LAM RESEARCH 3.45%

ELITE MATERIAL 2.41%

ASIA VITAL COMPONENTS 2.37%

LUMENTUM HOLDINGS 2.22%

MARVELL TECHNOLOGY 2.19%

Only in XAIX

APPLE INC 4.72%

META PLATFORMS INC 4.38%

ALPHABET INC 4.09%

WALMART INC 3.99%

SAMSUNG ELECTRONICS CO LTD 3.80%

PALANTIR TECHNOLOGIES INC 3.73%

CISCO SYSTEMS INC 3.63%

BANK OF AMERICA CORP 3.63%

Check overlap with more funds →

Window by window

Window by window: BAI vs XAIX: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	BAI	XAIX	BAI	XAIX
3 months	−15.8%	−3.6%	−6.6 pts vs ARTY	−2.3 pts vs ACWI
6 months	−19.2%	+5.4%	−16.0 pts vs ARTY	+2.8 pts vs ACWI
1 year	+5.2%	+25.0%	−27.7 pts vs ARTY	+10.0 pts vs ACWI
Since launchNot the same days: BAI Oct 2024 · XAIX Aug 2024	+51.4%	+87.7%	−34.2 pts vs ARTY	+39.2 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 XAIX Xtrackers Artificial Intelligence and Big Data ETF · Holds 101 stocks in artificial intelligence, 79% of its weight in S&P 500 companies

Issuer iShares Xtrackers

Theme Artificial intelligence Artificial intelligence

In the S&P 500 51.3% 79.0%

Active share vs the S&P 500 76.7% 66.5%

In the Nasdaq-100 47.0% 58.0%

Holdings 51 101

Top ten, share of the fund 42.9% 43.7%

Expense ratio 0.55% 0.35%

Fee for the differing part 0.72% 0.53%

Total return, 1 year +5.2% +25.0%

vs its benchmark −27.7 pts vs ARTY +10.0 pts vs ACWI

Below its high −31.3% −11.3%

Net assets, BAI as of Nov 3, 2026 and XAIX as of Nov 2, 2026 $11.9bn $147m

As of Nov 4, 2026. Source: ETFIQ.

28% of the two portfolios are the same securities at the same weight.

Client brief:

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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.

XAIX

By weight, 79% of XAIX's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 66%. The top ten holdings are 44% of the fund across 101 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +25.0% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 10.0 pts. It sits 11.3% below its all-time high of Jun 2, 2026.

Questions people ask

Do BAI and XAIX hold the same stocks?: By their latest filings, 28% 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 XAIX?: BAI has 51% of its weight in S&P 500 names and XAIX has 79%, so BAI differs more from the index.
Which is cheaper, BAI or XAIX?: BAI charges 0.55% a year and XAIX charges 0.35%, so XAIX is cheaper. Fees come from each fund's prospectus.

Other comparisons

BAI vs AIFD BAI vs AIEQ BAI vs FAI BAI vs KOID XAIX vs DRAI XAIX vs DRGN XAIX vs HLTH XAIX vs AGIQ

Where to next

BAI on its own →XAIX on its own →BAI dividend history →BAI holdings →XAIX dividend history →XAIX holdings →Method →Standards and sources →

Sources and dates

BAI filings on SEC EDGAR ↗

BAI prospectus with the expense ratio (SEC) ↗

iShares page for BAI ↗

XAIX filings on SEC EDGAR ↗

XAIX prospectus with the expense ratio (SEC) ↗

Xtrackers website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, BAI against XAIX, data as of Nov 4, 2026. https://etfiq.com/compare/themes/bai-vs-xaix

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