FAI vs. GXPT

Last updated Jun 24, 2026

FAI (First Trust Bloomberg Artificial Intelligence ETF) and GXPT (Global X PureCap MSCI Information Technology ETF) are both Technology Equities funds - FAI tracks the Bloomberg Artificial Intelligence Index while GXPT tracks the MSCI USA Information Technology PureCap Index. Both are passively managed. Their correlation of 0.92 suggests significant overlap in exposure. FAI charges 0.65%/yr vs 0.15%/yr for GXPT.

Performance

FAI vs. GXPT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Bloomberg Artificial Intelligence ETF (FAI) and Global X PureCap MSCI Information Technology ETF (GXPT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FAI achieves a 27.58% return, which is significantly higher than GXPT's 16.86% return.

FAI

• 1D: -4.82%
• 1M: 1.99%
• YTD: 27.58%
• 6M: 26.62%
• 1Y: 56.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GXPT

• 1D: -3.44%
• 1M: -0.96%
• YTD: 16.86%
• 6M: 15.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FAI vs. GXPT - Yearly Performance Comparison

	2026 (YTD)	2025
FAI First Trust Bloomberg Artificial Intelligence ETF	27.58%	14.45%
GXPT Global X PureCap MSCI Information Technology ETF	16.86%	11.47%

Correlation

The correlation between FAI and GXPT is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.92

Return for Risk

FAI vs. GXPT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FAI

FAI Risk / Return Rank: 64
FAI Sharpe Ratio Rank: 71
FAI Sortino Ratio Rank: 60
FAI Omega Ratio Rank: 63
FAI Calmar Ratio Rank: 67
FAI Martin Ratio Rank: 58

GXPT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FAI vs. GXPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Bloomberg Artificial Intelligence ETF (FAI) and Global X PureCap MSCI Information Technology ETF (GXPT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FAI	GXPT	Difference
Sharpe ratio: Return per unit of total volatility	2.08	—	—
Sortino ratio: Return per unit of downside risk	2.56	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	3.02	—	—
Martin ratio: Return relative to average drawdown	9.38	—	—

Drawdowns

FAI vs. GXPT - Drawdown Comparison

The maximum FAI drawdown since its inception was -27.82%, which is greater than GXPT's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for FAI and GXPT.

Drawdown Indicators

	FAI	GXPT	Difference
Max Drawdown Largest peak-to-trough decline	-27.82%	-18.74%	-9.08%
Max Drawdown (1Y) Largest decline over 1 year	-18.84%	—	—
Current Drawdown Current decline from peak	-9.38%	-8.72%	-0.66%
Average Drawdown Average peak-to-trough decline	-5.37%	-5.04%	-0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.06%	—	—

Volatility

Volatility by Period

	FAI	GXPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.43%	22.91%	+4.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.12%	22.91%	+8.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.12%	22.91%	+8.21%

FAI vs. GXPT - Expense Ratio Comparison

FAI has a 0.65% expense ratio, which is higher than GXPT's 0.15% expense ratio.

Dividends

FAI vs. GXPT - Dividend Comparison

FAI has not paid dividends to shareholders, while GXPT's dividend yield for the trailing twelve months is around 0.12%.

Position	TTM	2025	2024
FAI First Trust Bloomberg Artificial Intelligence ETF	0.00%	0.00%	0.04%
GXPT Global X PureCap MSCI Information Technology ETF	0.12%	0.14%	0.00%

Frequently Asked Questions

Can I hold both FAI and GXPT in my portfolio?

With a correlation of 0.92, FAI and GXPT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, FAI or GXPT?

On fees, GXPT is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FAI or GXPT?

GXPT is cheaper with a 0.15% expense ratio, compared with 0.65% for FAI.

Which ETF pays a higher dividend yield, FAI or GXPT?

GXPT has the higher dividend yield at 0.12%, compared with 0.00% for FAI.

What is the main difference between FAI and GXPT?

FAI tracks Bloomberg Artificial Intelligence Index, while GXPT tracks MSCI USA Information Technology PureCap Index. They also come from different issuers: First Trust and Global X. Their fees differ too: 0.65% for FAI and 0.15% for GXPT.