Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

IVES vs LQAI: which is really different?

IVES and LQAI hold 36% of their weight in the same names, and IVES returned more over the year.

Dan IVES Wedbush AI Revolution ETF and LG QRAFT AI-Powered U.S. Large Cap Core ETF.

73.9%IVES in the S&P 500
89.9%LQAI in the S&P 500
+27.2%IVES total return, 1 year
+17.3%LQAI total return, 1 year

ETFIQ Off-Index Score: IVES scores higher

How much of it is not the index it is sold as an alternative to?

IVES 2.5LQAI 1.60.1, the lowest in this set91.8, the highest

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

IVES26% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
74%26%of its weight in S&P 500 companiesoutside the S&P 500active share 67% · top ten 50% of the fund · 30 holdings filed Apr 30, 2026 · Nasdaq-100: 63% in74%26%in the S&P 500outsideactive share 67% · top ten 50% of the fund
LQAI10% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
90%10%of its weight in S&P 500 companiesoutsideactive share 62% · top ten 40% of the fund · 100 holdings filed Apr 30, 2026 · Nasdaq-100: 58% in90%10%of its weight in S&P 500 companies10% of its weight outside the S&P 500active share 62% · top ten 40% of the fund

36% of the two portfolios are the same securities at the same weight.

What they hold in common

By the books each fund has filed, IVES and LQAI hold 36% of their money in the same securities at the same weight.

Positions IVES and LQAI both hold, largest shared weight first
HoldingIVESLQAI
NVIDIA CORP4.84%5.99%
MICRON TECHNOLOGY INC4.66%5.92%
TESLA INC4.06%5.88%
MICROSOFT CORP4.44%3.40%
AMAZON.COM INC5.42%3.25%
BROADCOM INC5.44%2.85%
APPLE INC4.72%2.64%
META PLATFORMS INC4.17%2.60%
ALPHABET INC5.38%2.42%
COREWEAVE INC2.55%1.42%
PALANTIR TECHNOLOGIES INC3.23%0.89%
ADVANCED MICRO DEVICES INC6.33%0.71%
Only in each
Only in IVESOnly in LQAI
TAIWAN SEMICONDUCTOR MANUFACTURING COMPA 4.95%SANDISK CORP 5.44%
ALIBABA GROUP HOLDING LTD 3.40%KENVUE INC 2.22%
INTERNATIONAL BUSINESS MACHINES CORP 3.00%FORD MOTOR CO 2.15%
SHOPIFY INC 2.83%KINDER MORGAN INC 2.12%
NEBIUS GROUP NV 2.20%SOFI TECHNOLOGIES INC 2.06%
IREN LTD 1.69%WARNER BROS. DISCOVERY INC 2.00%
MONGODB INC 1.68%HUNTINGTON BANCSHARES INC 1.99%
OKLO INC 1.67%MARVELL TECHNOLOGY INC 1.73%

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.

Performance, window by window

IVES and LQAI over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnvs the S&P 500vs the Nasdaq-100
IVESLQAIIVESLQAIIVESLQAI
3 months+5.6%−3.4%+3.3 pts−5.6 pts+8.1 pts−0.9 pts
6 months+37.2%+20.9%+19.2 pts+2.9 pts+13.0 pts−3.3 pts
1 year+27.2%+17.3%+10.6 pts+0.8 pts+5.4 pts−4.4 pts
Since launch+58.8%+88.0%+28.9 pts+7.2 pts+21.6 pts−8.7 pts
Open the live comparison on ETFIQ
IVES and LQAI on the same fields, as of Sep 18, 2026. Source: ETFIQ.
IVES
Dan IVES Wedbush AI Revolution ETF
Holds 30 stocks in artificial intelligence, 74% 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
IssuerWedbushQraft
ThemeArtificial intelligenceArtificial intelligence
In the S&P 50073.9%89.9%
Active share vs the S&P 50066.5%62.1%
In the Nasdaq-10062.6%58.2%
Holdings30100
Top ten, share of the fund50.4%40.4%
Expense ratio0.75%0.75%
Fee for the differing part1.13%1.21%
Total return, 1 year+27.2%+17.3%
vs the S&P 500+10.6 pts+0.8 pts
vs the Nasdaq-100+5.4 pts−4.4 pts
Below its high−3.8%−4.2%
Net assets$997m$2m

IVES in plain words

By weight, 74% of IVES's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 66%. The top ten holdings are 50% of the fund across 30 positions, as filed for Apr 30, 2026. Over the year to Sep 18, 2026 the fund returned +27.2% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 10.6 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 IVES and LQAI hold the same stocks?
By their latest filings, 36% 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, IVES or LQAI?
IVES has 74% of its weight in S&P 500 names and LQAI has 90%, so IVES differs more from the index.
Which is cheaper, IVES or LQAI?
IVES charges 0.75% a year and LQAI charges 0.75%, so IVES 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.

IVES against LQAI, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, IVES against LQAI, data as of Sep 18, 2026. https://etfiq.com/compare/themes/ives-vs-lqai Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources