TDV vs. BAI

Last updated Jun 23, 2026

TDV (ProShares S&P Technology Dividend Aristocrats ETF) and BAI (iShares A.I. Innovation and Tech Active ETF) are both Technology Equities funds. TDV is passively managed, while BAI is actively managed. Over the past year, TDV returned 32.41% vs 104.79% for BAI. A 0.71 correlation means they provide meaningful diversification when combined. TDV charges 0.66%/yr vs 0.55%/yr for BAI.

Performance

TDV vs. BAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P Technology Dividend Aristocrats ETF (TDV) and iShares A.I. Innovation and Tech Active ETF (BAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TDV achieves a 21.00% return, which is significantly lower than BAI's 62.85% return.

TDV

• 1D: 0.34%
• 1M: 3.53%
• YTD: 21.00%
• 6M: 18.86%
• 1Y: 32.41%
• 3Y*: 19.33%
• 5Y*: 13.79%
• 10Y*: —

BAI

• 1D: 1.94%
• 1M: 13.43%
• YTD: 62.85%
• 6M: 60.92%
• 1Y: 104.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDV vs. BAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TDV ProShares S&P Technology Dividend Aristocrats ETF	21.00%	16.05%	-1.82%
BAI iShares A.I. Innovation and Tech Active ETF	62.85%	25.22%	8.89%

Correlation

The correlation between TDV and BAI is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024	0.71

The correlation between TDV and BAI has been stable across timeframes, ranging from 0.70 to 0.71 - a consistent structural relationship.

TDV vs. BAI - Sectors Allocation Comparison

Sectors	TDV	BAI
Technology	90.7%	88.8%
Financial Services	4.9%	-
Industrials	4.4%	4.6%
Basic Materials	-	-
Communication Services	-	3.9%
Consumer Cyclical	-	2.6%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	0.7%
Real Estate	-	-
Utilities	-	-

Return for Risk

TDV vs. BAI — Risk / Return Rank

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

TDV

TDV Risk / Return Rank: 58
TDV Sharpe Ratio Rank: 54
TDV Sortino Ratio Rank: 51
TDV Omega Ratio Rank: 51
TDV Calmar Ratio Rank: 70
TDV Martin Ratio Rank: 64

BAI

BAI Risk / Return Rank: 84
BAI Sharpe Ratio Rank: 90
BAI Sortino Ratio Rank: 76
BAI Omega Ratio Rank: 78
BAI Calmar Ratio Rank: 94
BAI Martin Ratio Rank: 85

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.

TDV vs. BAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P Technology Dividend Aristocrats ETF (TDV) and iShares A.I. Innovation and Tech Active ETF (BAI). 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.

	TDV	BAI	Difference
Sharpe ratio: Return per unit of total volatility	1.78	2.90	-1.11
Sortino ratio: Return per unit of downside risk	2.40	3.22	-0.82
Omega ratio: Gain probability vs. loss probability	1.31	1.44	-0.13
Calmar ratio: Return relative to maximum drawdown	3.41	6.50	-3.09
Martin ratio: Return relative to average drawdown	11.25	17.20	-5.95

TDV vs. BAI - Sharpe Ratio Comparison

The current TDV Sharpe Ratio is 1.78, which is lower than the BAI Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of TDV and BAI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TDV vs. BAI - Drawdown Comparison

The maximum TDV drawdown since its inception was -32.78%, roughly equal to the maximum BAI drawdown of -34.09%. Use the drawdown chart below to compare losses from any high point for TDV and BAI.

Drawdown Indicators

	TDV	BAI	Difference
Max Drawdown Largest peak-to-trough decline	-32.78%	-34.09%	+1.31%
Max Drawdown (1Y) Largest decline over 1 year	-9.55%	-16.22%	+6.67%
Max Drawdown (3Y) Largest decline over 3 years	-22.51%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.11%	—	—
Current Drawdown Current decline from peak	-2.11%	0.00%	-2.11%
Average Drawdown Average peak-to-trough decline	-5.35%	-6.87%	+1.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	6.12%	-3.23%

Volatility

TDV vs. BAI - Volatility Comparison

The current volatility for ProShares S&P Technology Dividend Aristocrats ETF (TDV) is 8.25%, while iShares A.I. Innovation and Tech Active ETF (BAI) has a volatility of 18.06%. This indicates that TDV experiences smaller price fluctuations and is considered to be less risky than BAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDV	BAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.25%	18.06%	-9.81%
Volatility (6M) Calculated over the trailing 6-month period	14.21%	30.25%	-16.04%
Volatility (1Y) Calculated over the trailing 1-year period	18.31%	36.45%	-18.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.64%	36.90%	-16.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.27%	36.90%	-13.63%

TDV vs. BAI - Expense Ratio Comparison

TDV has a 0.66% expense ratio, which is higher than BAI's 0.55% expense ratio.

Dividends

TDV vs. BAI - Dividend Comparison

TDV's dividend yield for the trailing twelve months is around 0.95%, less than BAI's 1.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BAI iShares A.I. Innovation and Tech Active ETF	1.09%	1.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TDV ProShares S&P Technology Dividend Aristocrats ETF	0.95%	1.09%	1.16%	1.16%	1.67%	1.08%	1.10%	0.11%

Frequently Asked Questions

Can I hold both TDV and BAI in my portfolio?

TDV and BAI have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TDV or BAI?

BAI has higher volatility (18.06%) compared to TDV (8.25%). In terms of maximum drawdown, TDV dropped -32.78% vs BAI's -34.09%.

Which ETF is better, TDV or BAI?

On 1-year performance, BAI leads with 104.79% vs 32.41% for TDV. On fees, BAI is cheaper at 0.55% per year. On volatility, TDV has been the lower-risk option at 8.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TDV or BAI?

Over the 1-year period, BAI has performed better with a 104.79% return vs 32.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDV or BAI?

BAI is cheaper with a 0.55% expense ratio, compared with 0.66% for TDV.

Which ETF pays a higher dividend yield, TDV or BAI?

BAI has the higher dividend yield at 1.09%, compared with 0.95% for TDV.

What is the main difference between TDV and BAI?

They also come from different issuers: ProShares and iShares. Their fees differ too: 0.66% for TDV and 0.55% for BAI.

Which has better risk-adjusted returns?

BAI currently has the higher Sharpe Ratio (2.90 vs 1.78), 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.