First Trust Bloomberg Artificial Intelligence ETF (FAI) belongs to the Artificial Intelligence category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FAI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FAI
FAI charges 0.65% annually. There are 10 ETFs in the Artificial Intelligence category with lower expense ratios, going as low as 0.35%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers Artificial Intelligence and Big Data ETF | 0.35% | 157.62M | Aug 2024 | FAI vs XAIX | |
| Themes Generative Artificial Intelligence ETF | 0.35% | 26.54M | Dec 2023 | FAI vs WISE | |
| Themes China Generative Artificial Intelligence ET... | 0.39% | — | Jul 2025 | FAI vs DRGN | |
| WisdomTree Artificial Intelligence and Innovation ... | 0.45% | 620.07M | Dec 2021 | FAI vs WTAI | |
| iShares Future AI & Tech ETF | 0.47% | 3.50B | Jun 2018 | FAI vs ARTY |
Best Risk-Adjusted Alternatives to FAI
FAI has a PortfoliosLab risk / return rank of 55. There are 9 ETFs in the Artificial Intelligence category with higher risk-adjusted ranks, going as high as 89.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| VistaShares Artificial Intelligence Supercycle ETF | 89 | 921.07M | Dec 2024 | FAI vs AIS | |
| Invesco AI and Next Gen Software ETF | 84 | 1.12B | Jun 2005 | FAI vs IGPT | |
| TCW Artificial Intelligence ETF | 79 | 125.54M | Aug 2017 | FAI vs AIFD | |
| ROBO Global Artificial Intelligence ETF | 79 | 421.30M | May 2020 | FAI vs THNQ | |
| Roundhill Generative AI & Technology ETF | 76 | 1.78B | May 2023 | FAI vs CHAT |
Top Performing FAI Alternatives (YTD)
FAI is at 26.88% YTD. There are 10 ETFs in the Artificial Intelligence category with higher YTD returns, going as high as 72.78%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| VistaShares Artificial Intelligence Supercycle ETF | 72.78% | 921.07M | Dec 2024 | FAI vs AIS | |
| Global X AI Semiconductor & Quantum ETF | 63.02% | 211.53M | Sep 2025 | FAI vs CHPX | |
| Tortoise AI Infrastructure ETF | 60.69% | 169.58M | Aug 2025 | FAI vs TCAI | |
| Invesco AI and Next Gen Software ETF | 50.51% | 1.12B | Jun 2005 | FAI vs IGPT | |
| Roundhill Generative AI & Technology ETF | 44.67% | 1.78B | May 2023 | FAI vs CHAT |
Lowest Volatility Alternatives to FAI
FAI has 29.25% 1-year volatility. There are 10 ETFs in the Artificial Intelligence category with lower 1-year volatility, going as low as 23.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Agentic AI ETF | 23.85% | 9.56M | Sep 2025 | FAI vs AGIQ | |
| First Trust Nasdaq Artificial Intelligence & Robot... | 25.00% | 724.78M | Feb 2018 | FAI vs ROBT | |
| Xtrackers Artificial Intelligence and Big Data ETF | 25.87% | 157.62M | Aug 2024 | FAI vs XAIX | |
| Global X Robotics & Artificial Intelligence Themat... | 26.47% | 3.31B | Sep 2016 | FAI vs BOTZ | |
| Pictet AI & Automation ETF | 26.96% | 14.01M | Oct 2025 | FAI vs PBOT |
Lowest Drawdown Alternatives to FAI
FAI has a 1-year max drawdown of -18.84%. There are 2 ETFs in the Artificial Intelligence category with shallower 1-year drawdowns, going as shallow as -16.95%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers Artificial Intelligence and Big Data ETF | -16.95% | 157.62M | Aug 2024 | FAI vs XAIX | |
| ROBO Global Artificial Intelligence ETF | -18.39% | 421.30M | May 2020 | FAI vs THNQ | |
| YieldMax AI & Tech Portfolio Option Income ETF | -19.32% | 101.75M | Jan 2025 | FAI vs GPTY | |
| Global X Robotics & Artificial Intelligence Themat... | -19.34% | 3.31B | Sep 2016 | FAI vs BOTZ | |
| Alger AI Enablers & Adopters ETF | -19.48% | 303.87M | Apr 2024 | FAI vs ALAI |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, AIRR and span 16 categories. AUM among these funds goes as high as $25B.
Often Compared With FAI
Investors most often compare FAI with PBJ, AIBD, TDV. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare FAI with Any Fund or Stock
Compare FAI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FAI with funds that move differently
First Trust Bloomberg Artificial Intelligence ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FAI.
Explore FAI Diversifiers