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Data as of Nov 12, 2026.

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FAI vs LUMA: Holdings Overlap & Returns

Return, fees and overlap, side by side.

Return gap
+19.9 pts
3 months to Nov 12, 2026: FAI ahead, total return
Fee gap
0.35 pts
A year: FAI 0.65%, LUMA 1.00%, per filings dated Jan 28, 2026 and Jul 8, 2026
Overlap
2%
Share of the two books held in common, holdings dated Nov 11, 2026
Net flow
–
Needs daily flows for both funds

Pair scorecard

FAI costs 0.35 points a year less; FAI is far larger, $246m against $10m.

Points (pts) are percentage points.

FAI vs LUMA: Holdings Overlap & Returns
MeasureFAILUMA
Return
Total return, 1 year+20.3%not published
Drawdown
Below its all-time high14.0%, high on Oct 6, 202633.8%, high on Oct 6, 2026
Against its benchmark
What it tracksArtificial intelligenceAI infrastructure and chips
Against the S&P 500, 1 yearahead by 8.2 pts
Its benchmark, total return, 1 year+12.1%
Against its benchmark, 1 yearahead by 8.2 pts
Cost and size
Expense ratio0.65%1.00%
Net assets, as of Nov 11, 2026$246m$10m
Holdings
Holdings in common2%

Method

Key numbers
76.6%
FAI in the S&P 500
19.4%
LUMA in the S&P 500
+20.3%
FAI total return, 1 year
−23.5%
LUMA total return, since launch, Jul 15, 2026
FAI · 1 year to Nov 12, 2026 23% of its weight is outside the S&P 500
23% of its weight is outside the S&P 50077% of FAI's weight is in S&P 500 companies and 23% is outside the index. Holdings as of Nov 11, 2026.77%23%of its weight in S&P 500 companiesoutside the S&P 500active share 71% · top ten 63% of the fund · 50 holdings as published by its issuer for Nov 11, 2026 · Nasdaq-100: 77% in23% of its weight is outside the S&P 50077% of FAI's weight is in S&P 500 companies and 23% is outside the index. Holdings as of Nov 11, 2026.77%23%in the S&P 500outsideactive share 71% · Nasdaq-100: 77% in

77% of FAI's weight is in S&P 500 companies and 23% is outside the index. Holdings as of Nov 11, 2026.

LUMA · 3 months to Nov 12, 2026 81% of its weight is outside the S&P 500
81% of its weight is outside the S&P 50019% of LUMA's weight is in S&P 500 companies and 81% is outside the index. Holdings as of Nov 11, 2026.19%81%in the S&P 500of its weight outside the S&P 500active share 99% · top ten 55% of the fund · 27 holdings as published by its issuer for Nov 11, 2026 · Nasdaq-100: 9% in81% of its weight is outside the S&P 50019% of LUMA's weight is in S&P 500 companies and 81% is outside the index. Holdings as of Nov 11, 2026.19%81%inoutside the S&P 500active share 99% · Nasdaq-100: 9% in

19% of LUMA's weight is in S&P 500 companies and 81% is outside the index. Holdings as of Nov 11, 2026.

What they share

2%

By the books each fund has filed, FAI and LUMA hold 2% of their money in the same securities at the same weight. Holdings dated Nov 11, 2026.

0 half 100%

half

2% in common

Positions both hold · largest shared weight first FAI LUMA
Marvell Technology, Inc. 2.41% 3.84%
Only in one fund ↓
Only in FAI
Amazon.com, Inc. 9.67%
Microsoft Corporation 9.21%
Broadcom Inc. 8.89%
Alphabet Inc. (Class A) 7.81%
NVIDIA Corporation 6.79%
Taiwan Semiconductor Manufacturing Company Ltd. 4.24%
Palantir Technologies Inc. (Class A) 4.18%
Advanced Micro Devices, Inc. 3.99%
Only in LUMA
AYAR LABS INC 9.61%
COHERENT CORP 5.72%
MACOM TECHNOLOGY SOLUTIONS H 5.72%
AIXTRON SE 5.65%
LAND MARK OPTOELECTRONICS 5.31%
LUMENTUM HOLDINGS INC 4.74%
EOPTOLINK TECHNOLOGY INC L-A 4.71%
TOWER SEMICONDUCTOR LTD 4.61%
Check overlap with more funds →

Window by window

Window by window: FAI vs LUMA: Holdings Overlap & Returns
Total returnvs its benchmark
WindowFAILUMAFAILUMA
3 months−9.1%−29.0%−6.7 pts vs VOO−20.7 pts vs EEM
6 months−1.0%–−2.8 pts vs VOO–
1 year+20.3%–+8.2 pts vs VOO–
Since launchNot the same days: FAI Nov 2024 · LUMA Jul 2026+67.9%−23.5%+37.2 pts vs VOO−16.7 pts vs EEM

– means no data for this window. Open this comparison in the app →

Side by side

FAI First Trust Bloomberg Artificial Intelligence ETF · Holds 50 stocks in artificial intelligence, 77% of its weight in S&P 500 companies LUMA KraneShares Photonic and Optical ETF · Holds 27 stocks in aI infrastructure and chips, 19% of its weight in S&P 500 companies
Issuer First Trust KraneShares
Theme Artificial intelligence AI infrastructure and chips
In the S&P 500 76.6% 19.4%
Active share vs the S&P 500 70.8% 99.0%
In the Nasdaq-100 77.3% 8.6%
Holdings 50 27
Top ten, share of the fund 62.6% 54.7%
Expense ratio 0.65% 1.00%
Fee for the differing part 0.92% 1.01%
Total return, 1 year +20.3% −23.5% (since launch, Jul 15, 2026)
vs its benchmark +8.2 pts vs VOO −16.7 pts vs EEM (since launch, Jul 15, 2026)
Below its high −14.0% −33.8%
Net assets, as of Nov 11, 2026 $246m $10m

As of Nov 12, 2026. Source: ETFIQ.

2% of the two portfolios are the same securities at the same weight.

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About each fund
FAI

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 71%. The top ten holdings are 63% of the fund across 50 positions, as published by its issuer for Nov 11, 2026. Over the year to Nov 12, 2026 the fund returned +20.3% with distributions reinvested against +12.1% for its benchmark, the S&P 500 Index, so a holder was ahead by 8.2 pts. It sits 14.0% below its all-time high of Oct 6, 2026.

LUMA

By weight, 19% of LUMA's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 55% of the fund across 27 positions, as published by its issuer for Nov 11, 2026. Since it first traded on Jul 15, 2026 the fund returned −23.5% with distributions reinvested. It sits 33.8% below its all-time high of Oct 6, 2026.

Questions people ask

Do FAI and LUMA hold the same stocks?
By their latest filings, 2% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, FAI or LUMA?
FAI has 77% of its weight in S&P 500 names and LUMA has 19%, so LUMA differs more from the index.
Which is cheaper, FAI or LUMA?
FAI charges 0.65% a year and LUMA charges 1.00%, so FAI is cheaper. Fees come from each fund's prospectus.
Other comparisons
FAI vs IVEPFAI vs AIHYFAI vs CGPTFAI vs AINFLUMA vs AGIXLUMA vs XAIXLUMA vs WTAILUMA vs ROBT
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →FAI on its own →LUMA on its own →FAI dividend history →FAI holdings →LUMA holdings →Method →Standards and sources →
Sources and dates
FAI filings on SEC EDGAR ↗
FAI prospectus with the expense ratio (SEC) ↗
First Trust page for FAI ↗
LUMA filings on SEC EDGAR ↗
LUMA prospectus with the expense ratio (SEC) ↗
KraneShares page for LUMA ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, FAI against LUMA, data as of Nov 12, 2026. https://etfiq.com/compare/themes/fai-vs-luma

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.

FAI and LUMA hold 2% of their weight in the same names.

FAI on its own →LUMA on its own →
Growth of 100

FAI and LUMA

Total return, distributions reinvested, 3 months.

FAI −9.1%LUMA −29.0%
Aug 13, 2026Nov 12, 2026

FAI −9.1%, LUMA −29.0%: FAI +19.9 pts ahead, 3 months, Aug 13, 2026 to Nov 12, 2026.