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 27.19% year-to-date (YTD) with +$44M in YTD flows. IVES performs worse with 17.02% YTD performance, and -$45M 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 06/12/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FAI IVES | +5.16%+2.78% | +33.02%+22.85% | +27.19%+17.02% | +56.17%+42.67% | n/an/a | n/an/a |
| Flows | FAI IVES | +$29M-$31M | +$38M-$40M | +$44M-$45M | +$61M+$731M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FAI IVES | +33.31%+32.19% | +25.17%+26.50% | n/an/a | n/an/a |
| Max drawdown | FAI IVES | -12.22%-13.54% | -18.47%-22.54% | n/an/a | n/an/a |
| Max drawdown duration | FAI IVES | 10d11d | 169d188d | n/an/a | n/an/a |
Trading data
FAI | IVES | |
Last sale 6/12/2026 at 1:30 PM | $52.57 | $36.98 |
| Previous close 06/11/2026 | $52.65 | $36.96 |
| Consolidated volume 06/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 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 6/12/2026 at 1:30 PM
Live
Closed
FAI | IVES | |
|---|---|---|
| Last price | $52.57 | $36.98 |
| 1D performance | -0.14% | +0.05% |
| AuM | $88.89 M | $1.08 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 | 44 | 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
78.4%
Other
21.6%
IVES
USA
85.99%
Other
14.01%
Sectors
FAI
Information Techn.
73.81%
Communication Ser.
12.39%
Consumer Discreti.
8.26%
Other
5.55%
IVES
Information Techn.
54.56%
Communication Ser.
11.67%
Consumer Discreti.
9.35%
Other
24.43%
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Diversification
FAI
Total weight of top 15 holdings out of 15
76.54%
IVES
Total weight of top 15 holdings out of 15
68.25%
Top 15 holdings
Data as of April 30, 2026
FAI
BROADCOM LIMITED
8.48%
AMAZON.COM INC
8.26%
NVIDIA
8.01%
ALPHABET INC-CL
7.89%
MICROSOFT-T
7.66%
ADVANCED MICRO DEVICES
4.95%
MICRON TECHNOLOGY
4.59%
SK HYNIX
4.58%
TWN SEMICONT MAN
4.14%
META PLATFORMS
3.90%
ORACLE SYS
3.78%
ASML HOLDING
3.41%
MARVELL TECHNOLOGY
2.76%
ADOBE INC
2.12%
SERVICENOW
2.00%
IVES
ADVANCED MICRO DEVICES
5.80%
AMAZON.COM INC
5.33%
BROADCOM LIMITED
5.23%
NVIDIA
5.19%
US8740391003
4.92%
ALPHABET INC-CL
4.91%
APPLE
4.72%
MICROSOFT-T
4.69%
META PLATFORMS
4.60%
MICRON TECHNOLOGY
4.56%
US36828A1016
4.28%
TESLA
4.01%
ORACLE SYS
3.56%
US01609W1027
3.38%
PALO ALTO NETWORKS
3.05%
Frequently asked questions about FAI and IVES
How have the FAI and IVES ETFs performed in 2026?
As of June 12, 2026, FAI is up 27.19% year-to-date (YTD), while IVES has returned 17.02%. 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 +$44M in flows, compared to -$45M for IVES.
Which ETF is more volatile: FAI or IVES?
Over the past year, FAI had a volatility of 25.17%, while IVES experienced 26.5%.
Which ETF is bigger: FAI or IVES?
As of June 12, 2026, FAI holds $88.89 M in assets under management (AUM), while IVES manages $1.08 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 BROADCOM LIMITED, AMAZON.COM INC and NVIDIA. IVES holds in its top three: ADVANCED MICRO DEVICES, AMAZON.COM INC and BROADCOM LIMITED.
Which ETF is more diversified: FAI or IVES?
FAI holds 45 securities with 76.54% of its assets in the top 15. IVES has 25 securities and a top 15 weight of 68.25%.
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First Trust Launches New FAI ETF to Tap into Artificial Intelligence Growth
November 22, 2024
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