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Data as of Nov 4, 2026.

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Thematic ETFs

FAI vs IVEP: Holdings Overlap & Returns

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FAI and IVEP hold 1% of their weight in the same names.

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Net assets: $245m on Nov 3, 2026 for First Trust Bloomberg Artificial Intelligence ETF, and $19m on Jul 31, 2026 for Dan IVES Wedbush AI Power & Infrastructure ETF.

FAI on its own →IVEP on its own →
At a glance
76.5%
FAI in the S&P 500
67.0%
IVEP in the S&P 500
+19.9%
FAI total return, 1 year
−12.9%
IVEP total return, since launch, Apr 8, 2026
FAI · 1 year to Nov 4, 2026 24% of its weight is outside the S&P 500
24% of its weight is outside the S&P 50077% of FAI's weight is in S&P 500 companies and 24% is outside the index. Holdings as of Nov 3, 2026.77%24%of its weight in S&P 500 companiesoutside the S&P 500active share 70% · top ten 62% of the fund · 50 holdings as published by its issuer for Nov 3, 2026 · Nasdaq-100: 77% in24% of its weight is outside the S&P 50077% of FAI's weight is in S&P 500 companies and 24% is outside the index. Holdings as of Nov 3, 2026.77%24%in the S&P 500outsideactive share 70% · Nasdaq-100: 77% in

77% of FAI's weight is in S&P 500 companies and 24% is outside the index. Holdings as of Nov 3, 2026.

IVEP · 6 months to Nov 4, 2026 33% of its weight is outside the S&P 500
33% of its weight is outside the S&P 50067% of IVEP's weight is in S&P 500 companies and 33% is outside the index. Holdings as of Jul 31, 2026.67%33%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 97% · top ten 42% of the fund · 30 holdings as filed for Jul 31, 2026 · Nasdaq-100: 12% in33% of its weight is outside the S&P 50067% of IVEP's weight is in S&P 500 companies and 33% is outside the index. Holdings as of Jul 31, 2026.67%33%in the S&P 500outsideactive share 97% · Nasdaq-100: 12% in

67% of IVEP's weight is in S&P 500 companies and 33% is outside the index. Holdings as of Jul 31, 2026.

Pair scorecard

FAI costs 0.10 points a year less.

Points (pts) are percentage points.

FAI vs IVEP: Holdings Overlap & Returns
MeasureFAIIVEP
Return
Total return, 1 year+19.9%not published
Drawdown
Below its all-time high14.0%, high on Oct 6, 202622.3%, high on May 6, 2026
Against its benchmark
What it tracksArtificial intelligenceAI infrastructure and chips
Against the S&P 500, 1 yearahead by 5.1 pts
Its benchmark, total return, 1 year+14.8%
Against its benchmark, 1 yearahead by 5.1 pts
Cost and size
Expense ratio0.65%0.75%
Net assets, FAI as of Nov 3, 2026 and IVEP as of Jul 31, 2026$245m$19m
Holdings
Holdings in common1%
ETFIQ S&P 500 Difference Score · IVEP scores higher How much of its weight does it not share with the S&P 500?
IQ Themes Score16.2FAI79.4IVEP

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

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

What they share

1%

By the books each fund has filed, FAI and IVEP hold 1% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

0 half 100%

half

1% in common

Positions both hold · largest shared weight first FAI IVEP
Monolithic Power Systems, Inc. 0.52% 3.88%
Only in one fund ↓
Only in FAI
Microsoft Corporation 9.22%
Amazon.com, Inc. 9.12%
Broadcom Inc. 8.56%
NVIDIA Corporation 8.09%
Alphabet Inc. (Class A) 7.46%
Palantir Technologies Inc. (Class A) 4.25%
Taiwan Semiconductor Manufacturing Company Ltd. 4.08%
Meta Platforms, Inc. (Class A) 3.90%
Only in IVEP
SCHNEIDER ELECTRIC SE 4.68%
EATON CORP PLC 4.34%
SIEMENS ENERGY AG 4.26%
NEXTERA ENERGY INC 4.22%
QUANTA SERVICES INC 4.14%
SOUTHERN COMPANY (THE) 4.14%
CONSTELLATION ENERGY CORP 4.12%
JOHNSON CONTROLS INTERNATIONAL PLC 4.08%
Check overlap with more funds →

Window by window

Window by window: FAI vs IVEP: Holdings Overlap & Returns
Total returnvs its benchmark
WindowFAIIVEPFAIIVEP
3 months−5.9%−14.9%−5.8 pts vs VOO−14.8 pts vs VOO
6 months+3.2%−22.3%−1.8 pts vs VOO−27.3 pts vs VOO
1 year+19.9%–+5.1 pts vs VOO–
Since launchNot the same days: FAI Nov 2024 · IVEP Apr 2026+67.8%−12.9%+35.5 pts vs VOO−27.0 pts vs VOO

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

Side by side

FAI First Trust Bloomberg Artificial Intelligence ETF · Holds 50 stocks in artificial intelligence, 76% of its weight in S&P 500 companies IVEP Dan IVES Wedbush AI Power & Infrastructure ETF · Holds 30 stocks in aI infrastructure and chips, 67% of its weight in S&P 500 companies
Issuer First Trust Wedbush
Theme Artificial intelligence AI infrastructure and chips
In the S&P 500 76.5% 67.0%
Active share vs the S&P 500 70.1% 97.2%
In the Nasdaq-100 77.3% 11.7%
Holdings 50 30
Top ten, share of the fund 62.1% 41.9%
Expense ratio 0.65% 0.75%
Fee for the differing part 0.93% 0.77%
Total return, 1 year +19.9% −12.9% (since launch, Apr 8, 2026)
vs its benchmark +5.1 pts vs VOO −27.0 pts vs VOO (since launch, Apr 8, 2026)
Below its high −14.0% −22.3%
Net assets, FAI as of Nov 3, 2026 and IVEP as of Jul 31, 2026 $245m $19m

As of Nov 4, 2026. Source: ETFIQ.

1% of the two portfolios are the same securities at the same weight.

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About each fund
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.

IVEP

By weight, 67% of IVEP's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 97%. The top ten holdings are 42% of the fund across 30 positions, as filed for Jul 31, 2026. Since it first traded on Apr 8, 2026 the fund returned −12.9% with distributions reinvested. It sits 22.3% below its all-time high of May 6, 2026.

Questions people ask

Do FAI and IVEP hold the same stocks?
By their latest filings, 1% 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, FAI or IVEP?
FAI has 76% of its weight in S&P 500 names and IVEP has 67%, so IVEP differs more from the index.
Which is cheaper, FAI or IVEP?
FAI charges 0.65% a year and IVEP charges 0.75%, so FAI is cheaper. Fees come from each fund's prospectus.
Other comparisons
FAI vs AIHYFAI vs TCAIFAI vs AIPOFAI vs AINFIVEP vs XAIXIVEP vs ALAIIVEP vs AIFDIVEP vs AIEQ
Where to next
FAI on its own →IVEP on its own →FAI dividend history →FAI holdings →IVEP holdings →Method →Standards and sources →
Sources and dates
FAI filings on SEC EDGAR ↗
FAI prospectus with the expense ratio (SEC) ↗
First Trust page for FAI ↗
IVEP filings on SEC EDGAR ↗
IVEP prospectus with the expense ratio (SEC) ↗
Wedbush 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, FAI against IVEP, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fai-vs-ivep

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