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. FAI's top 3 sector exposures are Technology, Consumer Non-Cyclicals and Business Services. In contrast, IVES's top sector exposures are Technology, Consumer Non-Cyclicals and Consumer Cyclicals. FAI is less expensive with a Total Expense Ratio (TER) of 0.65%, versus 0.75% for IVES. FAI is up 32.96% year-to-date (YTD) with +$137M in YTD flows. IVES performs worse with 24.14% YTD performance, and -$138M 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 09/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FAI IVES | +0.05%+0.78% | +4.09%+8.75% | +32.96%+24.14% | +43.99%+29.93% | n/an/a | n/an/a |
| Flows | FAI IVES | +$16M-$25M | +$94M-$100M | +$137M-$138M | +$148M+$254M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FAI IVES | +31.98%+28.51% | +28.09%+28.66% | n/an/a | n/an/a |
| Max drawdown | FAI IVES | -14.79%-11.36% | -18.62%-22.54% | n/an/a | n/an/a |
| Max drawdown duration | FAI IVES | 55d49d | 99d188d | n/an/a | n/an/a |
Trading data
FAI | IVES | |
Last sale 9/11/2026 at 1:30 PM | $54.40 | $39.44 |
| Previous close 09/10/2026 | $53.76 | $39.22 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 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 9/11/2026 at 1:30 PM
Live
Closed
FAI | IVES | |
|---|---|---|
| Last price | $54.40 | $39.44 |
| 1D performance | +1.19% | +0.56% |
| AuM | $188.58 M | $1.05 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 | 50 | 31 |
| 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
85.63%
Other
14.37%
IVES
USA
88.08%
Other
11.92%
Sectors
FAI
Technology
83.84%
Consumer Non-Cycl.
8.25%
Other
7.91%
IVES
Technology
81.12%
Other
18.88%
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Diversification
FAI
Total weight of top 15 holdings out of 15
77.12%
IVES
Total weight of top 15 holdings out of 15
64.96%
Top 15 holdings
Data as of July 31, 2026
FAI
Microsoft Corp.
9.49%
NVIDIA Corp.
8.57%
Amazon.com, Inc.
8.25%
Broadcom Inc.
7.78%
Alphabet, Inc.
7.29%
Palantir Technologies, Inc.
5.18%
Oracle Corp.
3.90%
Micron Technology, Inc.
3.85%
Taiwan Semiconductor Manufacturing Co., Ltd.
3.74%
Meta Platforms, Inc.
3.61%
ASML Holding NV
3.60%
Advanced Micro Devices, Inc.
3.49%
Marvell Technology, Inc.
3.39%
SK hynix, Inc.
2.91%
ServiceNow, Inc.
2.07%
IVES
Microsoft Corp.
5.92%
Amazon.com, Inc.
5.35%
Apple, Inc.
4.90%
Broadcom Inc.
4.83%
Alphabet, Inc.
4.81%
NVIDIA Corp.
4.75%
Taiwan Semiconductor Manufacturing Co., Ltd.
4.67%
Advanced Micro Devices, Inc.
4.10%
Meta Platforms, Inc.
4.04%
Micron Technology, Inc.
3.98%
Tesla, Inc.
3.72%
Oracle Corp.
3.51%
International Business Machines Corp.
3.49%
Palo Alto Networks, Inc.
3.47%
GE Vernova, Inc.
3.43%
Frequently asked questions about FAI and IVES
How have the FAI and IVES ETFs performed in 2026?
As of September 9, 2026, FAI is up 32.96% year-to-date (YTD), while IVES has returned 24.14%. 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 +$137M in flows, compared to -$138M for IVES.
Which ETF is more volatile: FAI or IVES?
Over the past year, FAI had a volatility of 28.09%, while IVES experienced 28.66%.
Which ETF is bigger: FAI or IVES?
As of September 9, 2026, FAI holds $188.58 M in assets under management (AUM), while IVES manages $1.05 B.
What sectors do the FAI and IVES ETFs invest in?
FAI leans toward sectors like Technology and Consumer Non-Cyclicals. Meanwhile, IVES focuses on Technology.
What are the top holdings of the FAI ETF and IVES ETF?
FAI top holdings include Microsoft Corp., NVIDIA Corp. and Amazon.com, Inc.. IVES holds in its top three: Microsoft Corp., Amazon.com, Inc. and Apple, Inc..
Which ETF is more diversified: FAI or IVES?
FAI holds 50 securities with 77.12% of its assets in the top 15. IVES has 31 securities and a top 15 weight of 64.96%.
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Latest news about FAI & IVES
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There’s an ETF for That? Tom Lee & Dan Ives
June 19, 2025
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First Trust Launches New FAI ETF to Tap into Artificial Intelligence Growth
November 22, 2024
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