Data as of Nov 4, 2026.
FAI vs IVES: Holdings Overlap & Returns
Over the year to Nov 4, 2026, FAI returned +19.9% to IVES's +9.2%; 59% of their weight is in the same names.
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Net assets: $245m on Nov 3, 2026 for First Trust Bloomberg Artificial Intelligence ETF, and $986m on Jul 31, 2026 for Dan IVES Wedbush AI Revolution ETF.
77% of FAI's weight is in S&P 500 companies and 24% is outside the index. Holdings as of Nov 3, 2026.
76% of IVES's weight is in S&P 500 companies and 24% is outside the index. Holdings as of Jul 31, 2026.
Pair scorecard
FAI costs 0.10 points a year less; their one-year returns differ by 10.7 points.
Points (pts) are percentage points.
| Measure | FAI | IVES |
|---|---|---|
| Return | ||
| Total return, 1 year | +19.9% | +9.2% |
| Drawdown | ||
| Below its all-time high | 14.0%, high on Oct 6, 2026 | 14.3%, high on Oct 6, 2026 |
| Against its benchmark | ||
| What it tracks | Artificial intelligence | Artificial intelligence |
| Against the S&P 500, 1 year | ahead by 5.1 pts | behind by 5.6 pts |
| Its benchmark, total return, 1 year | +14.8% | +14.8% |
| Against its benchmark, 1 year | ahead by 5.1 pts | behind by 5.6 pts |
| Cost and size | ||
| Expense ratio | 0.65% | 0.75% |
| Net assets, FAI as of Nov 3, 2026 and IVES as of Jul 31, 2026 | $245m | $986m |
| Holdings | ||
| Holdings in common | 59% | |
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
Jun 13, 2025 to Oct 30, 2026 · 72 weekly returns · each against VOOFrom Jun 2025 to Oct 2026, FAI returned more: +54.6% to +45.0%. FAI and IVES swung about the same: 26.5% and 26.5%. FAI fell less at its worst: −16.8% to −20.3%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | FAI | IVES | VOO | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +54.6% | +45.0% | FAI | Price change plus distributions, reinvested. | |
| Annualized | +37.0% | +30.7% | FAI | Total return as a yearly rate. | |
| Price return | +54.6% | +44.4% | FAI | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 26.5% | 26.5% | Tie | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 16.5% | 17.0% | FAI (slight) | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −16.8% | −20.3% | FAI | Deepest fall from a high to the low after it. | |
| Upside capture | 286.6% | 253.6% | 100.0% | FAI | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 159.2% | 158.1% | 100.0% | Tie | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.89 | 1.84 | 1.00 | IVES lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.69 | 0.65 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 1.17 | 1.00 | FAI | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.89 | 1.55 | FAI | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.164 | 0.144 | 0.151 | FAI | Return above Treasury bills per unit of beta. |
| Calmar | 2.20 | 1.52 | FAI | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | VOO | VOO | VOO | The ETF each fund is measured against. | |
| Alpha | +2.5% a year | −1.3% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.20 | −0.10 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −23.1% to +28.2% | −28.4% to +25.7% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.89 | 0.62 | FAI | Return against its benchmark per unit of tracking error. | |
| Tracking error | 18.1% | 18.4% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 72 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FAI and IVES hold 59% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.
half
59% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | FAI | IVES | FAI | IVES |
| 3 months | −5.9% | −5.6% | −5.8 pts vs VOO | −5.5 pts vs VOO |
| 6 months | +3.2% | +2.7% | −1.8 pts vs VOO | −2.3 pts vs VOO |
| 1 year | +19.9% | +9.2% | +5.1 pts vs VOO | −5.6 pts vs VOO |
| Since launchNot the same days: FAI Nov 2024 · IVES Jun 2025 | +67.8% | +43.7% | +35.5 pts vs VOO | +12.7 pts vs VOO |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
59% 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.
IVES
By weight, 76% 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 47% of the fund across 30 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +9.2% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 5.6 pts. It sits 14.3% below its all-time high of Oct 6, 2026.
Questions people ask
- Do FAI and IVES hold the same stocks?
- By their latest filings, 59% 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 IVES, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fai-vs-ives
ETFIQ. (Nov 4, 2026). FAI against IVES. Retrieved from https://etfiq.com/compare/themes/fai-vs-ives
[FAI against IVES (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/fai-vs-ives)
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