FAI vs. PRXV

Last updated Jun 4, 2026

FAI (First Trust Bloomberg Artificial Intelligence ETF) and PRXV (Praxis Impact Large Cap Value ETF) are both exchange-traded funds - FAI is a Technology Equities fund tracking the Bloomberg Artificial Intelligence Index, while PRXV is a Large Cap Value Equities fund actively managed by Praxis. FAI is passively managed, while PRXV is actively managed. At a 0.21 correlation, their price movements are largely independent. FAI charges 0.65%/yr vs 0.36%/yr for PRXV.

Performance

FAI vs. PRXV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Bloomberg Artificial Intelligence ETF (FAI) and Praxis Impact Large Cap Value ETF (PRXV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FAI

• 1D: -1.21%
• 1M: 21.45%
• YTD: 39.08%
• 6M: 37.64%
• 1Y: 76.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PRXV

• 1D: -0.03%
• 1M: 4.27%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FAI vs. PRXV - Yearly Performance Comparison

	2026 (YTD)
FAI First Trust Bloomberg Artificial Intelligence ETF	29.91%
PRXV Praxis Impact Large Cap Value ETF	4.51%

Correlation

The correlation between FAI and PRXV is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 21, 2026	0.21

Return for Risk

FAI vs. PRXV — Risk / Return Rank

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

FAI

FAI Risk / Return Rank: 82
FAI Sharpe Ratio Rank: 91
FAI Sortino Ratio Rank: 84
FAI Omega Ratio Rank: 83
FAI Calmar Ratio Rank: 80
FAI Martin Ratio Rank: 72

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. PRXV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Bloomberg Artificial Intelligence ETF (FAI) and Praxis Impact Large Cap Value ETF (PRXV). 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	PRXV	Difference
Sharpe ratio: Return per unit of total volatility	3.16	—	—
Sortino ratio: Return per unit of downside risk	3.74	—	—
Omega ratio: Gain probability vs. loss probability	1.49	—	—
Calmar ratio: Return relative to maximum drawdown	4.10	—	—
Martin ratio: Return relative to average drawdown	13.35	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FAI	PRXV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.76	4.54	-2.78

Drawdowns

FAI vs. PRXV - Drawdown Comparison

The maximum FAI drawdown since its inception was -27.82%, which is greater than PRXV's maximum drawdown of -1.18%. Use the drawdown chart below to compare losses from any high point for FAI and PRXV.

Drawdown Indicators

	FAI	PRXV	Difference
Max Drawdown Largest peak-to-trough decline	-27.82%	-1.18%	-26.64%
Max Drawdown (1Y) Largest decline over 1 year	-18.84%	—	—
Current Drawdown Current decline from peak	-1.21%	-0.03%	-1.18%
Average Drawdown Average peak-to-trough decline	-5.31%	-0.32%	-4.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.77%	—	—

Volatility

Volatility by Period

	FAI	PRXV	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.24%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.40%	9.66%	+14.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.89%	9.66%	+20.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.89%	9.66%	+20.23%

FAI vs. PRXV - Expense Ratio Comparison

FAI has a 0.65% expense ratio, which is higher than PRXV's 0.36% expense ratio.

Dividends

FAI vs. PRXV - Dividend Comparison

Neither FAI nor PRXV has paid dividends to shareholders.

Position	TTM	2025	2024
FAI First Trust Bloomberg Artificial Intelligence ETF	0.00%	0.00%	0.04%
PRXV Praxis Impact Large Cap Value ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FAI and PRXV in my portfolio?

FAI and PRXV have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FAI or PRXV?

On fees, PRXV is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FAI or PRXV?

PRXV is cheaper with a 0.36% expense ratio, compared with 0.65% for FAI.

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

FAI and PRXV have nearly identical dividend yields, around 0.00%.

What is the main difference between FAI and PRXV?

FAI is categorized as Technology Equities, while PRXV is Large Cap Value Equities. They also come from different issuers: First Trust and Praxis. Their fees differ too: 0.65% for FAI and 0.36% for PRXV.