Data as of Nov 4, 2026.
FAI vs IGPT: Holdings Overlap & Returns
Over the year to Nov 4, 2026, FAI returned +19.9% to IGPT's +38.1%; 42% of their weight is in the same names.
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Net assets on Nov 3, 2026: $245m for First Trust Bloomberg Artificial Intelligence ETF and $1.2bn for Invesco AI and Next Gen Software ETF.
77% of FAI's weight is in S&P 500 companies and 24% is outside the index. Holdings as of Nov 3, 2026.
75% of IGPT's weight is in S&P 500 companies and 25% is outside the index. Holdings as of Nov 3, 2026.
Pair scorecard
IGPT costs 0.08 points a year less; their one-year returns differ by 18.2 points; IGPT is 4.9 times larger.
Points (pts) are percentage points.
| Measure | FAI | IGPT |
|---|---|---|
| Return | ||
| Total return, 1 year | +19.9% | +38.1% |
| Drawdown | ||
| Below its all-time high | 14.0%, high on Oct 6, 2026 | 24.4%, high on Jun 22, 2026 |
| Against its benchmark | ||
| What it tracks | Artificial intelligence | Artificial intelligence |
| Against the S&P 500, 1 year | ahead by 5.1 pts | |
| Its benchmark, total return, 1 year | +14.8% | |
| Against its benchmark, 1 year | ahead by 5.1 pts | |
| Cost and size | ||
| Expense ratio | 0.65% | 0.57% |
| Net assets, as of Nov 3, 2026 | $245m | $1.2bn |
| Holdings | ||
| Holdings in common | 42% | |
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
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 →
Risk and return
Nov 29, 2024 to Oct 30, 2026 · 100 weekly returnsFrom Nov 2024 to Oct 2026, IGPT returned more: +77.6% to +68.5%. FAI swung less: 28.5% to 32.9%. FAI and IGPT fell about the same at their worst: −26.7% and −26.6%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FAI | IGPT | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +68.5% | +77.6% | IGPT | Price change plus distributions, reinvested. |
| Annualized | +31.2% | +34.8% | IGPT | Total return as a yearly rate. |
| Price return | +68.4% | +77.5% | IGPT | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 28.5% | 32.9% | FAI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 18.0% | 21.1% | FAI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −26.7% | −26.6% | Tie | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.95 | 0.95 | Tie | Return above Treasury bills per unit of volatility. |
| Sortino | 1.51 | 1.48 | FAI (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.17 | 1.31 | IGPT | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 100 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FAI and IGPT hold 42% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.
half
42% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | FAI | IGPT | FAI | IGPT |
| 3 months | −5.9% | −11.3% | −5.8 pts vs VOO | not measured |
| 6 months | +3.2% | −5.9% | −1.8 pts vs VOO | not measured |
| 1 year | +19.9% | +38.1% | +5.1 pts vs VOO | not measured |
| 3 years | – | +144.2% | – | not measured |
| Since launchNot the same days: FAI Nov 2024 · IGPT Jun 2005 | +67.8% | +1,650.8% | +35.5 pts vs VOO | not measured |
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Side by side
As of Nov 4, 2026. Source: ETFIQ.
42% of the two portfolios are the same securities at the same weight.
Client brief:
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FAI
By weight, 76% 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 50 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +19.9% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was ahead by 5.1 pts. It sits 14.0% below its all-time high of Oct 6, 2026.
IGPT
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 58% of the fund across 101 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +38.1% with distributions reinvested. It sits 24.4% below its all-time high of Jun 22, 2026.
Questions people ask
- Do FAI and IGPT hold the same stocks?
- By their latest filings, 42% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
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.
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ETFIQ, FAI against IGPT, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fai-vs-igpt
ETFIQ. (Nov 4, 2026). FAI against IGPT. Retrieved from https://etfiq.com/compare/themes/fai-vs-igpt
[FAI against IGPT (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/fai-vs-igpt)
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