FAI vs. KROP

Last updated Jun 5, 2026

FAI (First Trust Bloomberg Artificial Intelligence ETF) and KROP (Global X AgTech & Food Innovation ETF) are both Technology Equities funds - FAI tracks the Bloomberg Artificial Intelligence Index while KROP tracks the Solactive AgTech & Food Innovation Index. Both are passively managed. Over the past year, FAI returned 72.81% vs 12.86% for KROP. At a 0.22 correlation, their price movements are largely independent. FAI charges 0.65%/yr vs 0.50%/yr for KROP.

Performance

FAI vs. KROP - 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 AgTech & Food Innovation ETF (KROP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FAI achieves a 36.77% return, which is significantly higher than KROP's 16.59% return.

FAI

• 1D: -1.66%
• 1M: 17.27%
• YTD: 36.77%
• 6M: 35.51%
• 1Y: 72.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KROP

• 1D: 0.22%
• 1M: -0.70%
• YTD: 16.59%
• 6M: 14.86%
• 1Y: 12.86%
• 3Y*: 0.72%
• 5Y*: —
• 10Y*: —

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

FAI vs. KROP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FAI First Trust Bloomberg Artificial Intelligence ETF	36.77%	33.37%	2.06%
KROP Global X AgTech & Food Innovation ETF	16.59%	7.95%	-5.53%

Correlation

The correlation between FAI and KROP is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (All Time) Calculated using the full available price history since Nov 22, 2024	0.22

Return for Risk

FAI vs. KROP — Risk / Return Rank

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

FAI

FAI Risk / Return Rank: 80
FAI Sharpe Ratio Rank: 90
FAI Sortino Ratio Rank: 81
FAI Omega Ratio Rank: 80
FAI Calmar Ratio Rank: 78
FAI Martin Ratio Rank: 69

KROP

KROP Risk / Return Rank: 23
KROP Sharpe Ratio Rank: 24
KROP Sortino Ratio Rank: 24
KROP Omega Ratio Rank: 23
KROP Calmar Ratio Rank: 24
KROP Martin Ratio Rank: 22

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. KROP - 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 AgTech & Food Innovation ETF (KROP). 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.

	FAI	KROP	Difference
Sharpe ratio: Return per unit of total volatility	2.99	0.81	+2.19
Sortino ratio: Return per unit of downside risk	3.58	1.24	+2.34
Omega ratio: Gain probability vs. loss probability	1.47	1.15	+0.32
Calmar ratio: Return relative to maximum drawdown	3.88	1.14	+2.74
Martin ratio: Return relative to average drawdown	12.65	2.58	+10.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FAI vs. KROP - Sharpe Ratio Comparison

The current FAI Sharpe Ratio is 2.99, which is higher than the KROP Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of FAI and KROP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FAI	KROP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.99	0.81	+2.19
Sharpe Ratio (All Time) Calculated using the full available price history	1.70	-0.57	+2.27

Drawdowns

FAI vs. KROP - Drawdown Comparison

The maximum FAI drawdown since its inception was -27.82%, smaller than the maximum KROP drawdown of -61.96%. Use the drawdown chart below to compare losses from any high point for FAI and KROP.

Drawdown Indicators

	FAI	KROP	Difference
Max Drawdown Largest peak-to-trough decline	-27.82%	-61.96%	+34.14%
Max Drawdown (1Y) Largest decline over 1 year	-18.84%	-11.29%	-7.55%
Max Drawdown (3Y) Largest decline over 3 years	—	-28.70%	—
Current Drawdown Current decline from peak	-2.85%	-48.93%	+46.08%
Average Drawdown Average peak-to-trough decline	-5.30%	-44.50%	+39.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.77%	4.99%	+0.78%

Volatility

FAI vs. KROP - Volatility Comparison

First Trust Bloomberg Artificial Intelligence ETF (FAI) has a higher volatility of 8.57% compared to Global X AgTech & Food Innovation ETF (KROP) at 4.69%. This indicates that FAI's price experiences larger fluctuations and is considered to be riskier than KROP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAI	KROP	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.57%	4.69%	+3.88%
Volatility (6M) Calculated over the trailing 6-month period	19.40%	11.98%	+7.42%
Volatility (1Y) Calculated over the trailing 1-year period	24.47%	16.04%	+8.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.89%	22.27%	+7.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.89%	22.27%	+7.62%

FAI vs. KROP - Expense Ratio Comparison

FAI has a 0.65% expense ratio, which is higher than KROP's 0.50% expense ratio.

Dividends

FAI vs. KROP - Dividend Comparison

FAI has not paid dividends to shareholders, while KROP's dividend yield for the trailing twelve months is around 2.34%.

Position	TTM	2025	2024	2023	2022	2021
FAI First Trust Bloomberg Artificial Intelligence ETF	0.00%	0.00%	0.04%	0.00%	0.00%	0.00%
KROP Global X AgTech & Food Innovation ETF	2.34%	2.73%	1.89%	1.36%	0.71%	0.69%

Frequently Asked Questions

Can I hold both FAI and KROP in my portfolio?

FAI and KROP have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FAI or KROP?

FAI has higher volatility (8.57%) compared to KROP (4.69%). In terms of maximum drawdown, FAI dropped -27.82% vs KROP's -61.96%.

Which ETF is better, FAI or KROP?

On 1-year performance, FAI leads with 72.81% vs 12.86% for KROP. On fees, KROP is cheaper at 0.50% per year. On volatility, KROP has been the lower-risk option at 4.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FAI or KROP?

Over the 1-year period, FAI has performed better with a 72.81% return vs 12.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FAI or KROP?

KROP is cheaper with a 0.50% expense ratio, compared with 0.65% for FAI.

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

KROP has the higher dividend yield at 2.34%, compared with 0.00% for FAI.

What is the main difference between FAI and KROP?

FAI tracks Bloomberg Artificial Intelligence Index, while KROP tracks Solactive AgTech & Food Innovation Index. They also come from different issuers: First Trust and Global X. Their fees differ too: 0.65% for FAI and 0.50% for KROP.

Which has better risk-adjusted returns?

FAI currently has the higher Sharpe Ratio (2.99 vs 0.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.