Data as of .
FAI vs LQAI: which is really different?
FAI and LQAI hold 30% 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
30% 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 LQAI hold 30% of their money in the same securities at the same weight.
| Holding | FAI | LQAI |
|---|---|---|
| Micron Technology, Inc. | 3.88% | 5.92% |
| Amazon.com, Inc. | 7.78% | 3.25% |
| Broadcom Inc. | 7.39% | 2.85% |
| Marvell Technology, Inc. | 3.19% | 1.73% |
| Advanced Micro Devices, Inc. | 4.02% | 0.71% |
| ServiceNow, Inc. | 2.09% | 0.61% |
| Intuit Inc. | 0.61% | 0.48% |
| Arista Networks, Inc. | 1.56% | 0.12% |
| NetApp, Inc. | 0.30% | 0.12% |
| Only in FAI | Only in LQAI |
|---|---|
| Microsoft Corporation 9.42% | NVIDIA CORP 5.99% |
| NVIDIA Corporation 8.49% | TESLA INC 5.88% |
| Alphabet Inc. (Class A) 7.23% | SANDISK CORP 5.44% |
| Palantir Technologies Inc. (Class A) 5.12% | MICROSOFT CORP 3.40% |
| Meta Platforms, Inc. (Class A) 4.25% | APPLE INC 2.64% |
| Oracle Corporation 3.92% | META PLATFORMS INC 2.60% |
| Taiwan Semiconductor Manufacturing Company Ltd. 3.77% | ALPHABET INC 2.42% |
| ASML Holding N.V. 3.31% | KENVUE INC 2.22% |
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 | LQAI | FAI | LQAI | FAI | LQAI | |
| 3 months | −0.5% | −3.4% | −2.7 pts | −5.6 pts | +2.0 pts | −0.9 pts |
| 6 months | +44.6% | +20.9% | +26.6 pts | +2.9 pts | +20.4 pts | −3.3 pts |
| 1 year | +38.0% | +17.3% | +21.4 pts | +0.8 pts | +16.2 pts | −4.4 pts |
| Since launch | +82.5% | +88.0% | +51.2 pts | +7.2 pts | +38.3 pts | −8.7 pts |
| FAI First Trust Bloomberg Artificial Intelligence ETF Holds 54 stocks in artificial intelligence, 77% of its weight in S&P 500 companies | LQAI LG QRAFT AI-Powered U.S. Large Cap Core ETF Holds 100 stocks in artificial intelligence, 90% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | First Trust | Qraft |
| Theme | Artificial intelligence | Artificial intelligence |
| In the S&P 500 | 76.9% | 89.9% |
| Active share vs the S&P 500 | 70.0% | 62.1% |
| In the Nasdaq-100 | 73.5% | 58.2% |
| Holdings | 54 | 100 |
| Top ten, share of the fund | 61.5% | 40.4% |
| Expense ratio | 0.65% | 0.75% |
| Fee for the differing part | 0.93% | 1.21% |
| Total return, 1 year | +38.0% | +17.3% |
| vs the S&P 500 | +21.4 pts | +0.8 pts |
| vs the Nasdaq-100 | +16.2 pts | −4.4 pts |
| Below its high | −4.8% | −4.2% |
| Net assets | $190m | $2m |
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.
LQAI in plain words
By weight, 90% of LQAI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 62%. The top ten holdings are 40% of the fund across 100 positions, as filed for Apr 30, 2026. Over the year to Sep 18, 2026 the fund returned +17.3% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 0.8 pts.
Questions people ask
- Do FAI and LQAI hold the same stocks?
- By their latest filings, 30% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, FAI or LQAI?
- FAI has 77% of its weight in S&P 500 names and LQAI has 90%, so FAI differs more from the index.
- Which is cheaper, FAI or LQAI?
- FAI charges 0.65% a year and LQAI 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 LQAI, data as of Sep 18, 2026. https://etfiq.com/compare/themes/fai-vs-lqai Free to use with attribution; the underlying files are at Open data.