Data as of .
FAI vs WISE: which is really different?
FAI and WISE hold 28% of their weight in the same names, and FAI returned more over the year.
ETFIQ Off-Index Score: WISE 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
28% 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 WISE hold 28% of their money in the same securities at the same weight.
| Holding | FAI | WISE |
|---|---|---|
| NVIDIA Corporation | 8.49% | 4.70% |
| Advanced Micro Devices, Inc. | 4.02% | 11.41% |
| Broadcom Inc. | 7.39% | 3.53% |
| Amazon.com, Inc. | 7.78% | 3.46% |
| Palantir Technologies Inc. (Class A) | 5.12% | 3.18% |
| Alphabet Inc. (Class A) | 7.23% | 2.91% |
| Snowflake Inc. (Class A) | 1.63% | 5.15% |
| Oracle Corporation | 3.92% | 1.56% |
| Arista Networks, Inc. | 1.56% | 1.69% |
| CoreWeave, Inc. (Class A) | 0.45% | 2.10% |
| MongoDB, Inc. | 0.25% | 0.36% |
| Ambarella, Inc. | 0.20% | 2.10% |
| Only in FAI | Only in WISE |
|---|---|
| Microsoft Corporation 9.42% | QuickLogic Corp 7.53% |
| Meta Platforms, Inc. (Class A) 4.25% | Gorilla Technology Group Inc 5.49% |
| Micron Technology, Inc. 3.88% | Information Services Group Inc 3.45% |
| Taiwan Semiconductor Manufacturing Company Ltd. 3.77% | BigBear.ai Holdings Inc 3.37% |
| ASML Holding N.V. 3.31% | SoundHound AI Inc 3.35% |
| Marvell Technology, Inc. 3.19% | Blaize Holdings Inc 3.13% |
| SK Hynix Inc. 3.16% | Datasection Inc 3.07% |
| ServiceNow, Inc. 2.09% | C3.ai Inc 2.80% |
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 Jun 30, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| FAI | WISE | FAI | WISE | FAI | WISE | |
| 3 months | −0.5% | −13.3% | −2.7 pts | −15.6 pts | +2.0 pts | −10.8 pts |
| 6 months | +44.6% | +7.5% | +26.6 pts | −10.5 pts | +20.4 pts | −16.8 pts |
| 1 year | +38.0% | −17.1% | +21.4 pts | −33.7 pts | +16.2 pts | −38.9 pts |
| Since launch | +82.5% | +42.7% | +51.2 pts | −28.9 pts | +38.3 pts | −44.1 pts |
| FAI First Trust Bloomberg Artificial Intelligence ETF Holds 54 stocks in artificial intelligence, 77% of its weight in S&P 500 companies | WISE Themes Generative Artificial Intelligence ETF Holds 40 stocks in artificial intelligence, 32% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | First Trust | Themes |
| Theme | Artificial intelligence | Artificial intelligence |
| In the S&P 500 | 76.9% | 32.4% |
| Active share vs the S&P 500 | 70.0% | 83.6% |
| In the Nasdaq-100 | 73.5% | 29.2% |
| Holdings | 54 | 40 |
| Top ten, share of the fund | 61.5% | 51.4% |
| Expense ratio | 0.65% | 0.35% |
| Fee for the differing part | 0.93% | 0.42% |
| Total return, 1 year | +38.0% | −17.1% |
| vs the S&P 500 | +21.4 pts | −33.7 pts |
| vs the Nasdaq-100 | +16.2 pts | −38.9 pts |
| Below its high | −4.8% | −24.0% |
| Net assets | $190m | $28m |
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.
WISE in plain words
By weight, 32% of WISE's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 84%. The top ten holdings are 51% of the fund across 40 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned −17.1% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 33.7 pts. It sits 24.0% below its all-time high of Oct 15, 2025.
Questions people ask
- Do FAI and WISE hold the same stocks?
- By their latest filings, 28% 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 WISE?
- FAI has 77% of its weight in S&P 500 names and WISE has 32%, so WISE differs more from the index.
- Which is cheaper, FAI or WISE?
- FAI charges 0.65% a year and WISE charges 0.35%, so WISE 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 WISE, data as of Sep 18, 2026. https://etfiq.com/compare/themes/fai-vs-wise Free to use with attribution; the underlying files are at Open data.