IVESvsFAIETF Comparison
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Dan IVES Wedbush AI Revolution ETF (IVES) and First Trust Bloomberg Artificial Intelligence ETF (FAI) belong to the same industry segment: AI & Big Data. IVES's top 3 sector exposures are Technology, Business Services and Consumer Non-Cyclicals. In contrast, FAI's top sector exposures are Technology, Consumer Non-Cyclicals and Business Services. IVES is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.65% for FAI. IVES is up 24.25% year-to-date (YTD) with -$291M in YTD flows. FAI performs better with 30.84% YTD performance, and +$214M in YTD flows. Run a side-by-side ETF comparison of IVES 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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IVES vs FAI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IVES FAI | -3.64%-3.90% | +11.85%+10.58% | +24.25%+30.84% | +13.54%+25.07% | n/an/a | n/an/a |
| Flows | IVES FAI | -$91M+$74M | -$190M+$93M | -$291M+$214M | -$192M+$219M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IVES FAI | +29.19%+27.03% | +28.94%+28.53% | n/an/a | n/an/a |
| Max drawdown | IVES FAI | -10.05%-9.98% | -22.54%-18.62% | n/an/a | n/an/a |
| Max drawdown duration | IVES FAI | 20d20d | 188d121d | n/an/a | n/an/a |
Trading data
IVES | FAI | |
Last sale 10/27/2026 at 1:30 PM | $39.87 | $54.95 |
| Previous close 10/26/2026 | $39.27 | $53.87 |
| Consolidated volume 10/26/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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IVES | FAI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/27/2026 at 1:30 PM
Live
Closed
IVES | FAI | |
|---|---|---|
| Last price | $39.87 | $54.95 |
| 1D performance | +1.53% | +2.00% |
| AuM | $902.33 M | $258.19 M |
| E/R | 0.75% | 0.65% |
Characteristics
IVES | FAI | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Wedbush Funds | First Trust |
| Benchmark | Solactive Wedbush Artificial Intelligence Index | Bloomberg Artificial Intelligence Index |
| N° of holdings | 31 | 50 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 4, 2025 | November 20, 2024 |
| ESG | No | No |
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Exposure
Countries
IVES
USA
88.42%
Other
11.58%
FAI
USA
85.56%
Other
14.44%
Sectors
IVES
Technology
81.11%
Other
18.89%
FAI
Technology
83.82%
Consumer Non-Cycl.
8.04%
Other
8.14%
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Diversification
IVES
Total weight of top 15 holdings out of 15
64.57%
FAI
Total weight of top 15 holdings out of 15
76.77%
Top 15 holdings
Data as of August 31, 2026
IVES
Microsoft Corp.
5.87%
NVIDIA Corp.
4.75%
Palantir Technologies, Inc.
4.71%
Amazon.com, Inc.
4.65%
Apple, Inc.
4.57%
Taiwan Semiconductor Manufacturing Co., Ltd.
4.37%
Salesforce, Inc.
4.26%
Micron Technology, Inc.
4.21%
Broadcom Inc.
4.18%
Alphabet, Inc.
4.16%
Tesla, Inc.
4.00%
Meta Platforms, Inc.
3.77%
ServiceNow, Inc.
3.71%
Advanced Micro Devices, Inc.
3.69%
Oracle Corp.
3.66%
FAI
Microsoft Corp.
9.82%
NVIDIA Corp.
8.54%
Amazon.com, Inc.
8.04%
Broadcom Inc.
7.85%
Alphabet, Inc.
7.13%
Palantir Technologies, Inc.
5.33%
Oracle Corp.
3.86%
Taiwan Semiconductor Manufacturing Co., Ltd.
3.86%
Meta Platforms, Inc.
3.80%
Micron Technology, Inc.
3.66%
ASML Holding NV
3.41%
Advanced Micro Devices, Inc.
3.40%
SK hynix, Inc.
2.99%
Marvell Technology, Inc.
2.82%
ServiceNow, Inc.
2.26%
Frequently asked questions about IVES and FAI
How have the IVES and FAI ETFs performed in 2026?
As of October 26, 2026, IVES is up 24.25% year-to-date (YTD), while FAI has returned 30.84%. That puts FAI better performer ahead so far this year.
Which ETF is attracting more investor money: IVES or FAI?
Year-to-date, the IVES ETF saw -$291M in flows, compared to +$214M for FAI.
Which ETF is more volatile: IVES or FAI?
Over the past year, IVES had a volatility of 28.94%, while FAI experienced 28.53%.
Which ETF is bigger: IVES or FAI?
As of October 26, 2026, IVES holds $902.33 M in assets under management (AUM), while FAI manages $258.19 M.
What sectors do the IVES and FAI ETFs invest in?
IVES leans toward sectors like Technology. Meanwhile, FAI focuses on Technology and Consumer Non-Cyclicals.
What are the top holdings of the IVES ETF and FAI ETF?
IVES top holdings include Microsoft Corp., NVIDIA Corp. and Palantir Technologies, Inc.. FAI holds in its top three: Microsoft Corp., NVIDIA Corp. and Amazon.com, Inc..
Which ETF is more diversified: IVES or FAI?
IVES holds 31 securities with 64.57% of its assets in the top 15. FAI has 50 securities and a top 15 weight of 76.77%.
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Latest news about IVES & FAI
Dan IVES Wedbush AI Revolution ETF (IVES) Deep Dive
September 26, 2025
IVES
ETF Comparison: ARK Autonomous Technology & Robotics ETF (ARKQ) Versus Dan IVES Wedbush AI Revolution ETF (IVES)
August 29, 2025
IVES
There’s an ETF for That? Tom Lee & Dan Ives
June 19, 2025
IVES
First Trust Launches New FAI ETF to Tap into Artificial Intelligence Growth
November 22, 2024
FAI
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