Data as of .
FAI vs IVES: which is really different?
FAI and IVES hold 56% of their weight in the same names, and FAI returned more over the year.
ETFIQ Off-Index Score: FAI 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
56% 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 IVES hold 56% of their money in the same securities at the same weight.
| Holding | FAI | IVES |
|---|---|---|
| Broadcom Inc. | 7.39% | 5.44% |
| Amazon.com, Inc. | 7.78% | 5.42% |
| Alphabet Inc. (Class A) | 7.23% | 5.38% |
| NVIDIA Corporation | 8.49% | 4.84% |
| Microsoft Corporation | 9.42% | 4.44% |
| Meta Platforms, Inc. (Class A) | 4.25% | 4.17% |
| Advanced Micro Devices, Inc. | 4.02% | 6.33% |
| Micron Technology, Inc. | 3.88% | 4.66% |
| Oracle Corporation | 3.92% | 3.45% |
| Palantir Technologies Inc. (Class A) | 5.12% | 3.23% |
| ServiceNow, Inc. | 2.09% | 2.10% |
| CrowdStrike Holdings, Inc. (Class A) | 1.75% | 2.67% |
| Only in FAI | Only in IVES |
|---|---|
| Taiwan Semiconductor Manufacturing Company Ltd. 3.77% | TAIWAN SEMICONDUCTOR MANUFACTURING COMPA 4.95% |
| ASML Holding N.V. 3.31% | APPLE INC 4.72% |
| Marvell Technology, Inc. 3.19% | GE VERNOVA INC 4.25% |
| SK Hynix Inc. 3.16% | TESLA INC 4.06% |
| Arista Networks, Inc. 1.56% | ALIBABA GROUP HOLDING LTD 3.40% |
| MediaTek Inc. 1.55% | PALO ALTO NETWORKS INC 3.01% |
| Adobe Incorporated 1.50% | INTERNATIONAL BUSINESS MACHINES CORP 3.00% |
| Space Exploration Technologies Corp. (Class A) 1.46% | SHOPIFY INC 2.83% |
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 | IVES | FAI | IVES | FAI | IVES | |
| 3 months | −0.5% | +5.6% | −2.7 pts | +3.3 pts | +2.0 pts | +8.1 pts |
| 6 months | +44.6% | +37.2% | +26.6 pts | +19.2 pts | +20.4 pts | +13.0 pts |
| 1 year | +38.0% | +27.2% | +21.4 pts | +10.6 pts | +16.2 pts | +5.4 pts |
| Since launch | +82.5% | +58.8% | +51.2 pts | +28.9 pts | +38.3 pts | +21.6 pts |
| FAI First Trust Bloomberg Artificial Intelligence ETF Holds 54 stocks in artificial intelligence, 77% of its weight in S&P 500 companies | IVES Dan IVES Wedbush AI Revolution ETF Holds 30 stocks in artificial intelligence, 74% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | First Trust | Wedbush |
| Theme | Artificial intelligence | Artificial intelligence |
| In the S&P 500 | 76.9% | 73.9% |
| Active share vs the S&P 500 | 70.0% | 66.5% |
| In the Nasdaq-100 | 73.5% | 62.6% |
| Holdings | 54 | 30 |
| Top ten, share of the fund | 61.5% | 50.4% |
| Expense ratio | 0.65% | 0.75% |
| Fee for the differing part | 0.93% | 1.13% |
| Total return, 1 year | +38.0% | +27.2% |
| vs the S&P 500 | +21.4 pts | +10.6 pts |
| vs the Nasdaq-100 | +16.2 pts | +5.4 pts |
| Below its high | −4.8% | −3.8% |
| Net assets | $190m | $997m |
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.
IVES in plain words
By weight, 74% of IVES'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 50% of the fund across 30 positions, as filed for Apr 30, 2026. Over the year to Sep 18, 2026 the fund returned +27.2% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 10.6 pts.
Questions people ask
- Do FAI and IVES hold the same stocks?
- By their latest filings, 56% of their books are the same securities at the same weight, which is close to holding one of them twice. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, FAI or IVES?
- FAI has 77% of its weight in S&P 500 names and IVES has 74%, so FAI differs more from the index.
- Which is cheaper, FAI or IVES?
- FAI charges 0.65% a year and IVES 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 IVES, data as of Sep 18, 2026. https://etfiq.com/compare/themes/fai-vs-ives Free to use with attribution; the underlying files are at Open data.