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FRWDvsFAIETF Comparison

ETF 1

FRWD

Nomura Transformational Technologies ETF

This fund is part of

Disruptive Technology

+0.37%

Full FRWD fund page

VS

ETF 2

FAI

First Trust Bloomberg Artificial Intelligence ETF

This fund is part of

AI & Big Data

+0.26%

Full FAI fund page

Nomura Transformational Technologies ETF (FRWD) belongs to the Disruptive Technology segment. First Trust Bloomberg Artificial Intelligence ETF (FAI) is part of the AI & Big Data segment. FRWD's top 3 sector exposures are Technology, Consumer Services and Consumer Non-Cyclicals. In contrast, FAI's top sector exposures are Technology, Consumer Non-Cyclicals and Business Services. Both FRWD and FAI have the same Total Expense Ratio (TER) of 0.65%. Run a side-by-side ETF comparison of FRWD and FAI 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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FRWD vs FAI performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 07/27/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FRWD FAI	-8.43%-6.26%	+7.21%+6.54%	n/a+18.36%	n/a+33.41%	n/an/a	n/an/a
Flows	FRWD FAI	+$4M+$75M	+$109M+$111M	-+$121M	-+$137M	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FRWD FAI	+38.91%+34.64%	n/a+27.13%	n/an/a	n/an/a
Max drawdown	FRWD FAI	-12.47%-15.44%	n/a-18.47%	n/an/a	n/an/a
Max drawdown duration	FRWD FAI	36d52d	n/a169d	n/an/a	n/an/a

Trading data

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	FRWD	FAI
Last sale 7/28/2026 at 1:30 PM	$29.71	$47.98
Previous close 07/27/2026	$30.15	$48.70
Consolidated volume 07/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of July 29, 2026

1-year trailing difference

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FRWD

is actively managed and doesn’t replicate an index

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	FRWD	FAI
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/28/2026 at 1:30 PM

Live

Closed

	FRWD	FAI
Last price	$29.71	$47.98
1D performance	-1.46%	-1.48%
AuM	$259.63 M	$153.27 M
E/R	0.65%	0.65%

Characteristics

	FRWD	FAI
Management strategy	Active	Passive
Provider	Nomura	First Trust
Benchmark	-	Bloomberg Artificial Intelligence Index
N° of holdings	26	50
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	January 12, 2026	November 20, 2024
ESG	No	No

More FRWD data on Trackinsight

More FAI data on Trackinsight

Exposure

Countries

FRWD

USA

72.7%

Other

27.3%

FAI

USA

79.8%

Republic of Korea

7.25%

Other

12.95%

Sectors

FRWD

Technology

82.28%

Other

17.72%

FAI

Technology

89.6%

Other

10.4%

Diversification

FRWD

Total weight of top 15 holdings out of 15

76.96%

FAI

Total weight of top 15 holdings out of 15

76.69%

Top 15 holdings

Data as of June 30, 2026

FRWD

NVIDIA Corp.

8.09%

Advanced Micro Devices, Inc.

7.80%

Seagate Technology Holdings Plc

7.74%

Lam Research Corp.

6.65%

Taiwan Semiconductor Manufacturing Co., Ltd.

6.30%

Micron Technology, Inc.

5.14%

ASML Holding NV

5.07%

Western Digital Corp.

5.04%

Broadcom Inc.

4.65%

Samsung Electronics Co., Ltd.

4.14%

Texas Instruments Incorporated

3.77%

DoorDash, Inc.

3.29%

Netflix, Inc.

3.27%

Alphabet, Inc.

3.20%

Amazon.com, Inc.

2.81%

FAI

Micron Technology, Inc.

7.98%

SK hynix, Inc.

7.25%

Advanced Micro Devices, Inc.

7.05%

Alphabet, Inc.

6.92%

Broadcom Inc.

6.65%

Amazon.com, Inc.

6.53%

NVIDIA Corp.

6.30%

Microsoft Corp.

5.80%

Marvell Technology, Inc.

4.17%

Taiwan Semiconductor Manufacturing Co., Ltd.

3.94%

ASML Holding NV

3.94%

Meta Platforms, Inc.

3.02%

Oracle Corp.

2.76%

Palantir Technologies, Inc.

2.40%

ServiceNow, Inc.

1.98%

Frequently asked questions about FRWD and FAI

Which ETF is bigger: FRWD or FAI?

As of July 27, 2026, FRWD holds $259.63 M in assets under management (AUM), while FAI manages $153.27 M.

What sectors do the FRWD and FAI ETFs invest in?

FRWD leans toward sectors like Technology. Meanwhile, FAI focuses on Technology.

What are the top holdings of the FRWD ETF and FAI ETF?

FRWD top holdings include NVIDIA Corp., Advanced Micro Devices, Inc. and Seagate Technology Holdings Plc. FAI holds in its top three: Micron Technology, Inc., SK hynix, Inc. and Advanced Micro Devices, Inc..

Which ETF is more diversified: FRWD or FAI?

FRWD holds 26 securities with 76.96% of its assets in the top 15. FAI has 50 securities and a top 15 weight of 76.69%.

First Trust Launches New FAI ETF to Tap into Artificial Intelligence Growth

November 22, 2024

FAI

FRWDvsFAIETF Comparison

Nomura Transformational Technologies ETF

First Trust Bloomberg Artificial Intelligence ETF

FRWD vs FAI performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

Which ETF is bigger: FRWD or FAI?

As of July 27, 2026, FRWD holds $259.63 M in assets under management (AUM), while FAI manages $153.27 M.

What sectors do the FRWD and FAI ETFs invest in?

FRWD leans toward sectors like Technology. Meanwhile, FAI focuses on Technology.

What are the top holdings of the FRWD ETF and FAI ETF?

FRWD top holdings include NVIDIA Corp., Advanced Micro Devices, Inc. and Seagate Technology Holdings Plc. FAI holds in its top three: Micron Technology, Inc., SK hynix, Inc. and Advanced Micro Devices, Inc..

Which ETF is more diversified: FRWD or FAI?

FRWD holds 26 securities with 76.96% of its assets in the top 15. FAI has 50 securities and a top 15 weight of 76.69%.

First Trust Launches New FAI ETF to Tap into Artificial Intelligence Growth

The ETF Industry Is Evolving Fast