Data as of Nov 4, 2026.
FAI vs JHAI: Holdings Overlap & Returns
Over the year to Nov 4, 2026, FAI returned +19.9% to JHAI's +10.9%; 47% 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 $23m on Jul 31, 2026 for Janus Henderson Global Artificial Intelligence ETF.
77% of FAI's weight is in S&P 500 companies and 24% is outside the index. Holdings as of Nov 3, 2026.
68% of JHAI's weight is in S&P 500 companies and 32% is outside the index. Holdings as of Jul 31, 2026.
Pair scorecard
JHAI costs 0.06 points a year less; their one-year returns differ by 9.0 points.
Points (pts) are percentage points.
| Measure | FAI | JHAI |
|---|---|---|
| Return | ||
| Total return, 1 year | +19.9% | +10.9% |
| Drawdown | ||
| Below its all-time high | 14.0%, high on Oct 6, 2026 | 16.4%, high on Jun 30, 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 3.9 pts |
| Its benchmark, total return, 1 year | +14.8% | +14.8% |
| Against its benchmark, 1 year | ahead by 5.1 pts | behind by 3.9 pts |
| Cost and size | ||
| Expense ratio | 0.65% | 0.59% |
| Net assets, FAI as of Nov 3, 2026 and JHAI as of Jul 31, 2026 | $245m | $23m |
| Holdings | ||
| Holdings in common | 47% | |
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
Aug 29, 2025 to Oct 30, 2026 · 61 weekly returns · each against VOOFrom Aug 2025 to Oct 2026, FAI returned more: +39.4% to +25.5%. JHAI swung less: 24.8% to 28.1%. JHAI fell less at its worst: −13.9% to −16.8%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | FAI | JHAI | VOO | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +39.4% | +25.5% | FAI | Price change plus distributions, reinvested. | |
| Annualized | +32.7% | +21.3% | FAI | Total return as a yearly rate. | |
| Price return | +39.4% | +24.9% | FAI | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 28.1% | 24.8% | JHAI | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 17.7% | 16.5% | JHAI (slight) | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −16.8% | −13.9% | JHAI | Deepest fall from a high to the low after it. | |
| Upside capture | Not measured | 230.5% | 100.0% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 162.6% | 151.9% | 100.0% | JHAI (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 2.02 | 1.70 | 1.00 | JHAI lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.70 | 0.64 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 1.01 | 0.75 | FAI | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.60 | 1.13 | FAI | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.141 | 0.109 | 0.116 | FAI | Return above Treasury bills per unit of beta. |
| Calmar | 1.95 | 1.54 | FAI | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | VOO | VOO | VOO | The ETF each fund is measured against. | |
| Alpha | +5.0% a year | −1.1% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.35 | −0.08 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −23.7% to +33.8% | −29.0% to +26.7% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.87 | 0.41 | FAI | Return against its benchmark per unit of tracking error. | |
| Tracking error | 19.4% | 16.9% | 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, 61 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FAI and JHAI hold 47% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.
half
47% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | FAI | JHAI | FAI | JHAI |
| 3 months | −5.9% | −9.6% | −5.8 pts vs VOO | −9.5 pts vs VOO |
| 6 months | +3.2% | −4.8% | −1.8 pts vs VOO | −9.8 pts vs VOO |
| 1 year | +19.9% | +10.9% | +5.1 pts vs VOO | −3.9 pts vs VOO |
| Since launchNot the same days: FAI Nov 2024 · JHAI Aug 2025 | +67.8% | +24.8% | +35.5 pts vs VOO | +2.9 pts vs VOO |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
47% 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.
JHAI
By weight, 68% of JHAI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 68%. The top ten holdings are 63% of the fund across 47 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +10.9% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 3.9 pts. It sits 16.4% below its all-time high of Jun 30, 2026.
Questions people ask
- Do FAI and JHAI hold the same stocks?
- By their latest filings, 47% 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 JHAI, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fai-vs-jhai
ETFIQ. (Nov 4, 2026). FAI against JHAI. Retrieved from https://etfiq.com/compare/themes/fai-vs-jhai
[FAI against JHAI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/fai-vs-jhai)
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