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Data as of .

IVES vs WISE: which is really different?

IVES and WISE hold 31% of their weight in the same names, and IVES returned more over the year.

Dan IVES Wedbush AI Revolution ETF and Themes Generative Artificial Intelligence ETF.

73.9%IVES in the S&P 500
32.4%WISE in the S&P 500
+27.2%IVES total return, 1 year
−17.1%WISE total return, 1 year

ETFIQ Off-Index Score: WISE scores higher

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

IVES 2.5WISE 16.20.1, 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
WISE68% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
32%68%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 84% · top ten 51% of the fund · 40 holdings filed Jun 30, 2026 · Nasdaq-100: 29% in32%68%inoutside the S&P 500active share 84% · top ten 51% of the fund

31% 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 WISE hold 31% of their money in the same securities at the same weight.

Positions IVES and WISE both hold, largest shared weight first
HoldingIVESWISE
ADVANCED MICRO DEVICES INC6.33%11.41%
NVIDIA CORP4.84%4.70%
BROADCOM INC5.44%3.53%
AMAZON.COM INC5.42%3.46%
PALANTIR TECHNOLOGIES INC3.23%3.18%
ALPHABET INC5.38%2.91%
COREWEAVE INC2.55%2.10%
SNOWFLAKE INC1.74%5.15%
ORACLE CORP3.45%1.56%
INNODATA INC1.00%1.11%
MONGODB INC1.68%0.36%
Only in each
Only in IVESOnly in WISE
TAIWAN SEMICONDUCTOR MANUFACTURING COMPA 4.95%QuickLogic Corp 7.53%
APPLE INC 4.72%Gorilla Technology Group Inc 5.49%
MICRON TECHNOLOGY INC 4.66%Information Services Group Inc 3.45%
MICROSOFT CORP 4.44%BigBear.ai Holdings Inc 3.37%
GE VERNOVA INC 4.25%SoundHound AI Inc 3.35%
META PLATFORMS INC 4.17%Blaize Holdings Inc 3.13%
TESLA INC 4.06%Datasection Inc 3.07%
ALIBABA GROUP HOLDING LTD 3.40%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 Apr 30, 2026 and Jun 30, 2026.

Performance, window by window

IVES and WISE over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnvs the S&P 500vs the Nasdaq-100
IVESWISEIVESWISEIVESWISE
3 months+5.6%−13.3%+3.3 pts−15.6 pts+8.1 pts−10.8 pts
6 months+37.2%+7.5%+19.2 pts−10.5 pts+13.0 pts−16.8 pts
1 year+27.2%−17.1%+10.6 pts−33.7 pts+5.4 pts−38.9 pts
Since launch+58.8%+42.7%+28.9 pts−28.9 pts+21.6 pts−44.1 pts
Open the live comparison on ETFIQ
IVES and WISE 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
WISE
Themes Generative Artificial Intelligence ETF
Holds 40 stocks in artificial intelligence, 32% of its weight in S&P 500 companies
IssuerWedbushThemes
ThemeArtificial intelligenceArtificial intelligence
In the S&P 50073.9%32.4%
Active share vs the S&P 50066.5%83.6%
In the Nasdaq-10062.6%29.2%
Holdings3040
Top ten, share of the fund50.4%51.4%
Expense ratio0.75%0.35%
Fee for the differing part1.13%0.42%
Total return, 1 year+27.2%−17.1%
vs the S&P 500+10.6 pts−33.7 pts
vs the Nasdaq-100+5.4 pts−38.9 pts
Below its high−3.8%−24.0%
Net assets$997m$28m

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.

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 IVES and WISE hold the same stocks?
By their latest filings, 31% 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 WISE?
IVES has 74% of its weight in S&P 500 names and WISE has 32%, so WISE differs more from the index.
Which is cheaper, IVES or WISE?
IVES charges 0.75% 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.

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

How every figure is computed · Standards and sources