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Data as of Nov 4, 2026.

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Thematic ETFs

FAI vs WISE: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, FAI returned +19.9% to WISE's −29.1%; 30% 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 $22m on Nov 4, 2026 for Themes Generative Artificial Intelligence ETF.

FAI on its own →WISE on its own →
At a glance
76.5%
FAI in the S&P 500
30.1%
WISE in the S&P 500
+19.9%
FAI total return, 1 year
−29.1%
WISE total return, 1 year
FAI · 1 year to Nov 4, 2026 24% of its weight is outside the S&P 500
24% of its weight is outside the S&P 50077% of FAI's weight is in S&P 500 companies and 24% is outside the index. Holdings as of Nov 3, 2026.77%24%of its weight in S&P 500 companiesoutside the S&P 500active share 70% · top ten 62% of the fund · 50 holdings as published by its issuer for Nov 3, 2026 · Nasdaq-100: 77% in24% of its weight is outside the S&P 50077% of FAI's weight is in S&P 500 companies and 24% is outside the index. Holdings as of Nov 3, 2026.77%24%in the S&P 500outsideactive share 70% · Nasdaq-100: 77% in

77% of FAI's weight is in S&P 500 companies and 24% is outside the index. Holdings as of Nov 3, 2026.

WISE · 1 year to Nov 4, 2026 70% of its weight is outside the S&P 500
70% of its weight is outside the S&P 50030% of WISE's weight is in S&P 500 companies and 70% is outside the index. Holdings as of Nov 4, 2026.30%70%in the S&P 500of its weight outside the S&P 500active share 83% · top ten 49% of the fund · 41 holdings as published by its issuer for Nov 4, 2026 · Nasdaq-100: 28% in70% of its weight is outside the S&P 50030% of WISE's weight is in S&P 500 companies and 70% is outside the index. Holdings as of Nov 4, 2026.30%70%inoutside the S&P 500active share 83% · Nasdaq-100: 28% in

30% of WISE's weight is in S&P 500 companies and 70% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

WISE costs 0.30 points a year less; their one-year returns differ by 49.0 points; FAI is 11.1 times larger.

Points (pts) are percentage points.

FAI vs WISE: Holdings Overlap & Returns
MeasureFAIWISE
Return
Total return, 1 year+19.9%−29.1%
Drawdown
Below its all-time high14.0%, high on Oct 6, 202634.2%, high on Oct 15, 2025
Against its benchmark
What it tracksArtificial intelligenceArtificial intelligence
Against the S&P 500, 1 yearahead by 5.1 pts
Its benchmark, total return, 1 year+14.8%+15.0%
Against its benchmark, 1 yearahead by 5.1 ptsbehind by 44.1 pts
Cost and size
Expense ratio0.65%0.35%
Net assets, as of Nov 3, 2026$245m$22m
Holdings
Holdings in common30%

Method

What they share

30%

By the books each fund has filed, FAI and WISE hold 30% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

0 half 100%

half

30% in common

Positions both hold · largest shared weight first FAI WISE
NVIDIA Corporation 8.09% 5.47%
Alphabet Inc. (Class A) 7.46% 4.26%
Palantir Technologies Inc. (Class A) 4.25% 4.59%
Broadcom Inc. 8.56% 3.70%
Advanced Micro Devices, Inc. 3.49% 5.21%
Oracle Corporation 3.55% 3.40%
Amazon.com, Inc. 9.12% 2.84%
Snowflake Inc. (Class A) 1.59% 5.01%
CoreWeave, Inc. (Class A) 0.33% 1.70%
Ambarella, Inc. 0.26% 3.69%
MongoDB, Inc. 0.27% 0.12%
Only in one fund ↓
Only in FAI
Microsoft Corporation 9.22%
Taiwan Semiconductor Manufacturing Company Ltd. 4.08%
Meta Platforms, Inc. (Class A) 3.90%
ASML Holding N.V. 3.81%
Micron Technology, Inc. 3.64%
SK Hynix Inc. 3.49%
Marvell Technology, Inc. 2.46%
CrowdStrike Holdings, Inc. (Class A) 1.99%
Only in WISE
Information Services Group Inc 6.06%
Caris Life Sciences Inc 5.24%
C3.ai Inc 5.12%
BIGBEAR.AI HOLDINGS INC 4.17%
Kingsoft Cloud Holdings Ltd 4.03%
PKSHA Technology Inc 3.80%
Penguin Solutions Inc 3.33%
Safe Pro Group Inc 2.86%
Check overlap with more funds →

Window by window

Window by window: FAI vs WISE: Holdings Overlap & Returns
Total returnvs its benchmark
WindowFAIWISEFAIWISE
3 months−5.9%−18.0%−5.8 pts vs VOO−16.7 pts vs ACWI
6 months+3.2%−23.6%−1.8 pts vs VOO−26.2 pts vs ACWI
1 year+19.9%−29.1%+5.1 pts vs VOO−44.1 pts vs ACWI
Since launchNot the same days: FAI Nov 2024 · WISE Dec 2023+67.8%+23.6%+35.5 pts vs VOO−45.1 pts vs ACWI

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Side by side

FAI First Trust Bloomberg Artificial Intelligence ETF · Holds 50 stocks in artificial intelligence, 76% of its weight in S&P 500 companies WISE Themes Generative Artificial Intelligence ETF · Holds 41 stocks in artificial intelligence, 30% of its weight in S&P 500 companies
Issuer First Trust Themes
Theme Artificial intelligence Artificial intelligence
In the S&P 500 76.5% 30.1%
Active share vs the S&P 500 70.1% 83.3%
In the Nasdaq-100 77.3% 27.8%
Holdings 50 41
Top ten, share of the fund 62.1% 49.2%
Expense ratio 0.65% 0.35%
Fee for the differing part 0.93% 0.42%
Total return, 1 year +19.9% −29.1%
vs its benchmark +5.1 pts vs VOO −44.1 pts vs ACWI
Below its high −14.0% −34.2%
Net assets, FAI as of Nov 3, 2026 and WISE as of Nov 4, 2026 $245m $22m

As of Nov 4, 2026. Source: ETFIQ.

30% of the two portfolios are the same securities at the same weight.

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About each fund
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.

WISE

By weight, 30% of WISE's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 83%. The top ten holdings are 49% of the fund across 41 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned −29.1% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was behind by 44.1 pts. It sits 34.2% below its all-time high of Oct 15, 2025.

Questions people ask

Do FAI and WISE hold the same stocks?
By their latest filings, 30% 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 WISE?
FAI has 76% of its weight in S&P 500 names and WISE has 30%, 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
FAI vs WDRNFAI vs AINTFAI vs AIEQFAI vs KAITWISE vs AGIXWISE vs IVESWISE vs IGPTWISE vs AIQ
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →FAI on its own →WISE on its own →FAI dividend history →FAI holdings →WISE dividend history →WISE 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 ↗
WISE filings on SEC EDGAR ↗
WISE prospectus with the expense ratio (SEC) ↗
Themes page for WISE ↗

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 WISE, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fai-vs-wise

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