Data as of .
FAI vs IVEP: which is really different?
FAI and IVEP hold 0% of their weight in the same names.
ETFIQ Off-Index Score: IVEP 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
0% 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 IVEP hold 0% of their money in the same securities at the same weight.
| Holding | FAI | IVEP |
|---|---|---|
| Monolithic Power Systems, Inc. | 0.43% | 3.89% |
| Only in FAI | Only in IVEP |
|---|---|
| Microsoft Corporation 9.42% | BLOOM ENERGY CORP 4.98% |
| NVIDIA Corporation 8.49% | QUANTA SERVICES INC 4.31% |
| Amazon.com, Inc. 7.78% | GE VERNOVA INC 4.16% |
| Broadcom Inc. 7.39% | VERTIV HOLDINGS COMPANY 4.12% |
| Alphabet Inc. (Class A) 7.23% | SIEMENS ENERGY AG 4.11% |
| Palantir Technologies Inc. (Class A) 5.12% | EATON CORP PLC 4.07% |
| Meta Platforms, Inc. (Class A) 4.25% | NEXTERA ENERGY INC 3.94% |
| Advanced Micro Devices, Inc. 4.02% | SCHNEIDER ELECTRIC SE 3.91% |
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 Apr 30, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| FAI | IVEP | FAI | IVEP | FAI | IVEP | |
| 3 months | −0.5% | −11.8% | −2.7 pts | −14.0 pts | +2.0 pts | −9.3 pts |
| 6 months | +44.6% | not published | +26.6 pts | not published | +20.4 pts | not published |
| 1 year | +38.0% | not published | +21.4 pts | not published | +16.2 pts | not published |
| Since launch | +82.5% | −2.5% | +51.2 pts | −15.7 pts | +38.3 pts | −21.7 pts |
| FAI First Trust Bloomberg Artificial Intelligence ETF Holds 54 stocks in artificial intelligence, 77% of its weight in S&P 500 companies | IVEP Dan IVES Wedbush AI Power & Infrastructure ETF Holds 30 stocks in aI infrastructure and chips, 71% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | First Trust | Wedbush |
| Theme | Artificial intelligence | AI infrastructure and chips |
| In the S&P 500 | 76.9% | 71.2% |
| Active share vs the S&P 500 | 70.0% | 97.0% |
| In the Nasdaq-100 | 73.5% | 11.3% |
| Holdings | 54 | 30 |
| Top ten, share of the fund | 61.5% | 41.4% |
| Expense ratio | 0.65% | 0.75% |
| Fee for the differing part | 0.93% | 0.77% |
| Total return, 1 year | +38.0% | −2.5% (since launch on Apr 8, 2026) |
| vs the S&P 500 | +21.4 pts | −15.7 pts |
| vs the Nasdaq-100 | +16.2 pts | −21.7 pts |
| Below its high | −4.8% | −13.0% |
| Net assets | $190m | $9m |
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.
IVEP in plain words
By weight, 71% 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 41% of the fund across 30 positions, as filed for Apr 30, 2026. Since it launched on Apr 8, 2026 the fund returned −2.5% with distributions reinvested against +13.2% for the S&P 500, so a holder was behind by 15.7 pts. It sits 13.0% below its all-time high of May 6, 2026.
Questions people ask
- Do FAI and IVEP hold the same stocks?
- By their latest filings, 0% 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, FAI or IVEP?
- FAI has 77% of its weight in S&P 500 names and IVEP has 71%, 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
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 IVEP, data as of Sep 18, 2026. https://etfiq.com/compare/themes/fai-vs-ivep Free to use with attribution; the underlying files are at Open data.