FAIvsIVESETF Comparison
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First Trust Bloomberg Artificial Intelligence ETF (FAI) and Dan IVES Wedbush AI Revolution ETF (IVES) belong to the same industry segment: AI & Big Data. Both ETFs have the same top 3 sector exposures: Information Technology, Communication Services and Consumer Discretionary. FAI is less expensive with a Total Expense Ratio (TER) of 0.65%, versus 0.75% for IVES. FAI is up 7.99% year-to-date (YTD) with +$10M in YTD flows. IVES performs worse with 6.81% YTD performance, and -$3M in YTD flows. Run a side-by-side ETF comparison of FAI and IVES below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FAI vs IVES performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FAI IVES | +14.31%+13.37% | +5.50%+3.28% | +7.99%+6.81% | +69.43%n/a | n/an/a | n/an/a |
| Flows | FAI IVES | +$4M+$3M | +$10M-$37M | +$10M-$3M | +$29M- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FAI IVES | +28.38%+30.63% | +23.14%n/a | n/an/a | n/an/a |
| Max drawdown | FAI IVES | -17.20%-19.08% | -18.47%n/a | n/an/a | n/an/a |
| Max drawdown duration | FAI IVES | 77d83d | 169dn/a | n/an/a | n/an/a |
Trading data
FAI | IVES | |
Last sale 4/24/2026 at 1:30 PM | $45.80 | $33.37 |
| Previous close 04/23/2026 | $44.44 | $32.79 |
| Consolidated volume 04/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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FAI | IVES | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/24/2026 at 1:30 PM
Live
Closed
FAI | IVES | |
|---|---|---|
| Last price | $45.80 | $33.37 |
| 1D performance | +3.06% | +1.77% |
| AuM | $46.61 M | $1.03 B |
| E/R | 0.65% | 0.75% |
Characteristics
FAI | IVES | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | Wedbush Funds |
| Benchmark | Bloomberg Artificial Intelligence Index | Solactive Wedbush Artificial Intelligence Index |
| N° of holdings | 46 | 23 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 20, 2024 | June 4, 2025 |
| ESG | No | No |
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Exposure
Countries
FAI
USA
81.95%
Other
18.05%
IVES
USA
86.03%
Other
13.97%
Sectors
FAI
Information Techn.
76.55%
Communication Ser.
12.14%
Consumer Discreti.
8.13%
Other
3.18%
IVES
Information Techn.
54.73%
Communication Ser.
11.1%
Consumer Discreti.
9.52%
Other
24.66%
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Diversification
FAI
Total weight of top 15 holdings out of 15
78.23%
IVES
Total weight of top 15 holdings out of 15
65.71%
Top 15 holdings
Data as of March 31, 2026
FAI
ALPHABET INC-CL
8.25%
NVIDIA
8.14%
AMAZON.COM INC
8.13%
BROADCOM LIMITED
7.89%
MICROSOFT-T
6.83%
ASML HOLDING
5.19%
MICRON TECHNOLOGY
5.10%
TWN SEMICONT MAN
5.03%
ADVANCED MICRO DEVICES
4.11%
META PLATFORMS
3.89%
PALANTIR TECHNOLOGIES
3.82%
SK HYNIX
3.52%
ORACLE SYS
3.25%
SERVICENOW
2.63%
ADOBE INC
2.45%
IVES
APPLE
5.11%
AMAZON.COM INC
4.94%
NVIDIA
4.90%
US8740391003
4.89%
BROADCOM LIMITED
4.68%
MICROSOFT-T
4.67%
ALPHABET INC-CL
4.66%
TESLA
4.58%
META PLATFORMS
4.52%
ADVANCED MICRO DEVICES
4.21%
US36828A1016
3.96%
US01609W1027
3.74%
INTL BUSINESS MACHINES CORP
3.65%
ORACLE SYS
3.64%
MICRON TECHNOLOGY
3.53%
Frequently asked questions about FAI and IVES
How have the FAI and IVES ETFs performed in 2026?
As of April 23, 2026, FAI is up 7.99% year-to-date (YTD), while IVES has returned 6.81%. That puts FAI better performer ahead so far this year.
Which ETF is attracting more investor money: FAI or IVES?
Year-to-date, the FAI ETF saw +$10M in flows, compared to -$3M for IVES.
Which ETF is bigger: FAI or IVES?
As of April 23, 2026, FAI holds $46.61 M in assets under management (AUM), while IVES manages $1.03 B.
What sectors do the FAI and IVES ETFs invest in?
FAI leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, IVES focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the FAI ETF and IVES ETF?
FAI top holdings include ALPHABET INC-CL, NVIDIA and AMAZON.COM INC. IVES holds in its top three: APPLE, AMAZON.COM INC and NVIDIA.
Which ETF is more diversified: FAI or IVES?
FAI holds 50 securities with 78.23% of its assets in the top 15. IVES has 25 securities and a top 15 weight of 65.71%.
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First Trust Launches New FAI ETF to Tap into Artificial Intelligence Growth
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