Data as of .
FAI vs IGPT: which is really different?
FAI and IGPT hold 44% of their weight in the same names, and IGPT returned more over the year.
ETFIQ Off-Index Score: IGPT 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
44% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, FAI and IGPT hold 44% of their money in the same securities at the same weight.
| Holding | FAI | IGPT |
|---|---|---|
| NVIDIA Corporation | 8.49% | 8.55% |
| Alphabet Inc. (Class A) | 7.23% | 7.69% |
| Meta Platforms, Inc. (Class A) | 4.25% | 9.22% |
| Advanced Micro Devices, Inc. | 4.02% | 9.02% |
| Micron Technology, Inc. | 3.88% | 8.03% |
| Marvell Technology, Inc. | 3.19% | 3.21% |
| SK Hynix Inc. | 3.16% | 4.33% |
| Snowflake Inc. (Class A) | 1.63% | 1.73% |
| MediaTek Inc. | 1.55% | 3.59% |
| Adobe Incorporated | 1.50% | 1.51% |
| QUALCOMM Incorporated | 1.42% | 2.21% |
| Astera Labs, Inc. | 0.68% | 0.78% |
| Only in FAI | Only in IGPT |
|---|---|
| Microsoft Corporation 9.42% | Intel Corp 4.11% |
| Amazon.com, Inc. 7.78% | Sandisk Corp 4.00% |
| Broadcom Inc. 7.39% | Seagate Technology Holdings PLC 2.90% |
| Palantir Technologies Inc. (Class A) 5.12% | Western Digital Corp 2.29% |
| Oracle Corporation 3.92% | Intuitive Surgical Inc 2.10% |
| Taiwan Semiconductor Manufacturing Company Ltd. 3.77% | Kioxia Holdings Corp 1.85% |
| ASML Holding N.V. 3.31% | Keyence Corp 1.52% |
| ServiceNow, Inc. 2.09% | Equinix Inc 1.52% |
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 and Sep 19, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| FAI | IGPT | FAI | IGPT | FAI | IGPT | |
| 3 months | −0.5% | −8.1% | −2.7 pts | −10.3 pts | +2.0 pts | −5.6 pts |
| 6 months | +44.6% | +61.7% | +26.6 pts | +43.7 pts | +20.4 pts | +37.5 pts |
| 1 year | +38.0% | +78.2% | +21.4 pts | +61.6 pts | +16.2 pts | +56.4 pts |
| 3 years | not published | +195.7% | not published | +117.3 pts | not published | +97.5 pts |
| Since launch | +82.5% | +1395.7% | +51.2 pts | +592.1 pts | +38.3 pts | −294.6 pts |
| FAI First Trust Bloomberg Artificial Intelligence ETF Holds 54 stocks in artificial intelligence, 77% of its weight in S&P 500 companies | IGPT Invesco AI and Next Gen Software ETF Holds 116 stocks in artificial intelligence, 75% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | First Trust | Invesco |
| Theme | Artificial intelligence | Artificial intelligence |
| In the S&P 500 | 76.9% | 75.3% |
| Active share vs the S&P 500 | 70.0% | 79.2% |
| In the Nasdaq-100 | 73.5% | 69.1% |
| Holdings | 54 | 116 |
| Top ten, share of the fund | 61.5% | 61.7% |
| Expense ratio | 0.65% | 0.57% |
| Fee for the differing part | 0.93% | 0.72% |
| Total return, 1 year | +38.0% | +78.2% |
| vs the S&P 500 | +21.4 pts | +61.6 pts |
| vs the Nasdaq-100 | +16.2 pts | +56.4 pts |
| Below its high | −4.8% | −9.5% |
| Net assets | $190m | $1.3bn |
FAI in plain words
By weight, 77% of FAI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 70%. The top ten holdings are 62% of the fund across 54 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +38.0% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 21.4 pts.
IGPT in plain words
By weight, 75% of IGPT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 79%. The top ten holdings are 62% of the fund across 116 positions, as published by its issuer for Sep 19, 2026. Over the year to Sep 18, 2026 the fund returned +78.2% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 61.6 pts. It sits 9.5% below its all-time high of Jun 22, 2026.
Questions people ask
- Do FAI and IGPT hold the same stocks?
- By their latest filings, 44% 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, FAI or IGPT?
- FAI has 77% of its weight in S&P 500 names and IGPT has 75%, so IGPT differs more from the index.
- Which is cheaper, FAI or IGPT?
- FAI charges 0.65% a year and IGPT charges 0.57%, so IGPT 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, FAI against IGPT, data as of Sep 18, 2026. https://etfiq.com/compare/themes/fai-vs-igpt Free to use with attribution; the underlying files are at Open data.