Data as of .
FAI vs XA: which is really different?
FAI and XA hold 4% of their weight in the same names.
ETFIQ Off-Index Score: XA 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
4% 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 XA hold 4% of their money in the same securities at the same weight.
| Holding | FAI | XA |
|---|---|---|
| CrowdStrike Holdings, Inc. (Class A) | 1.75% | 11.86% |
| Datadog, Inc. (Class A) | 1.12% | 5.29% |
| Okta, Inc. | 0.46% | 6.91% |
| Zscaler, Inc. | 0.31% | 4.16% |
| Qualys, Inc. | 0.27% | 3.78% |
| Only in FAI | Only in XA |
|---|---|
| Microsoft Corporation 9.42% | Palo Alto Networks Inc 12.91% |
| NVIDIA Corporation 8.49% | Fortinet Inc 5.87% |
| Amazon.com, Inc. 7.78% | Rubrik Inc 4.81% |
| Broadcom Inc. 7.39% | Cloudflare Inc 4.66% |
| Alphabet Inc. (Class A) 7.23% | F5 Inc 4.14% |
| Palantir Technologies Inc. (Class A) 5.12% | GEN DIGITAL INC 3.95% |
| Meta Platforms, Inc. (Class A) 4.25% | Elastic NV 3.92% |
| Advanced Micro Devices, Inc. 4.02% | CACI International Inc 3.61% |
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 Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| FAI | XA | FAI | XA | FAI | XA | |
| 3 months | −0.5% | +27.7% | −2.7 pts | +25.4 pts | +2.0 pts | +30.2 pts |
| 6 months | +44.6% | not published | +26.6 pts | not published | +20.4 pts | not published |
| 1 year | +38.0% | not published | +21.4 pts | not published | +16.2 pts | not published |
| Since launch | +82.5% | +59.5% | +51.2 pts | +55.1 pts | +38.3 pts | +55.6 pts |
| FAI First Trust Bloomberg Artificial Intelligence ETF Holds 54 stocks in artificial intelligence, 77% of its weight in S&P 500 companies | XA Corgi AI Cybersecurity ETF Holds 26 stocks in artificial intelligence, 47% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | First Trust | Corgi |
| Theme | Artificial intelligence | Artificial intelligence |
| In the S&P 500 | 76.9% | 47.2% |
| Active share vs the S&P 500 | 70.0% | 98.9% |
| In the Nasdaq-100 | 73.5% | 40.1% |
| Holdings | 54 | 26 |
| Top ten, share of the fund | 61.5% | 64.6% |
| Expense ratio | 0.65% | 0.35% |
| Fee for the differing part | 0.93% | 0.35% |
| Total return, 1 year | +38.0% | +59.5% (since launch on May 6, 2026) |
| vs the S&P 500 | +21.4 pts | +55.1 pts |
| vs the Nasdaq-100 | +16.2 pts | +55.6 pts |
| Below its high | −4.8% | −2.6% |
| Net assets | $190m | $6m |
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.
XA in plain words
By weight, 47% of XA'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 65% of the fund across 26 positions, as published by its issuer for Sep 18, 2026. Since it launched on May 6, 2026 the fund returned +59.5% with distributions reinvested against +4.3% for the S&P 500, so a holder was ahead by 55.1 pts.
Questions people ask
- Do FAI and XA hold the same stocks?
- By their latest filings, 4% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, FAI or XA?
- FAI has 77% of its weight in S&P 500 names and XA has 47%, so XA differs more from the index.
- Which is cheaper, FAI or XA?
- FAI charges 0.65% a year and XA charges 0.35%, so XA 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 XA, data as of Sep 18, 2026. https://etfiq.com/compare/themes/fai-vs-xa Free to use with attribution; the underlying files are at Open data.