THNQ vs. FAI
THNQ (ROBO Global Artificial Intelligence ETF) and FAI (First Trust Bloomberg Artificial Intelligence ETF) are both Artificial Intelligence funds - THNQ tracks the ROBO Global Artificial Intelligence Index while FAI tracks the Bloomberg Artificial Intelligence Index. Both are passively managed. Over the past year, THNQ returned 55.63% vs 40.34% for FAI. Their correlation of 0.91 means they have usually moved in the same direction. THNQ charges 0.68%/yr vs 0.65%/yr for FAI.
Performance
THNQ vs. FAI - Performance Comparison
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Returns By Period
In the year-to-date period, THNQ achieves a 33.15% return, which is significantly higher than FAI's 23.08% return.
THNQ
- 1D
- 1.65%
- 1M
- -4.13%
- 6M
- 31.35%
- YTD
- 33.15%
- 1Y
- 55.63%
- 3Y*
- 30.82%
- 5Y*
- 14.49%
- 10Y*
- —
- ALL TIME*
- 21.75%
FAI
- 1D
- 2.93%
- 1M
- -1.97%
- 6M
- 21.54%
- YTD
- 23.08%
- 1Y
- 40.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 35.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.56M | $3.03M | $3.57M | |
| $1.82M | $1.71M | $2.47M |
THNQ vs. FAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
THNQ ROBO Global Artificial Intelligence ETF | 33.15% | 29.83% | 2.06% |
FAI First Trust Bloomberg Artificial Intelligence ETF | 23.08% | 33.37% | 2.28% |
Correlation
The correlation between THNQ and FAI is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2024 | 0.91 |
The correlation between THNQ and FAI has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.
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Return for Risk
THNQ vs. FAI — Risk / Return Rank
THNQ
FAI
THNQ vs. FAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ROBO Global Artificial Intelligence ETF (THNQ) and First Trust Bloomberg Artificial Intelligence ETF (FAI). 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.
| THNQ | FAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.21 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 1.91 | +0.87 |
| Martin ratioReturn relative to average drawdown | 7.92 | 4.97 | +2.95 |
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Drawdowns
THNQ vs. FAI - Drawdown Comparison
The maximum THNQ drawdown since its inception was -50.56%, which is greater than FAI's maximum drawdown of -27.82%. Use the drawdown chart below to compare losses from any high point for THNQ and FAI.
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Drawdown Indicators
| THNQ | FAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.56% | -27.82% | -22.74% |
Max Drawdown (1Y)Largest decline over 1 year | -18.39% | -18.84% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -29.88% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -50.56% | — | — |
Current DrawdownCurrent decline from peak | -9.60% | -12.57% | +2.97% |
Average DrawdownAverage peak-to-trough decline | -14.88% | -5.77% | -9.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.45% | 7.22% | -0.77% |
Volatility
THNQ vs. FAI - Volatility Comparison
ROBO Global Artificial Intelligence ETF (THNQ) and First Trust Bloomberg Artificial Intelligence ETF (FAI) have volatilities of 9.75% and 10.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| THNQ | FAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.75% | 10.00% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 24.75% | 24.66% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.08% | 29.24% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.80% | 31.30% | -1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.97% | 31.30% | -2.33% |
THNQ vs. FAI - Expense Ratio Comparison
THNQ has a 0.68% expense ratio, which is higher than FAI's 0.65% expense ratio.
Dividends
THNQ vs. FAI - Dividend Comparison
THNQ's dividend yield for the trailing twelve months is around 0.15%, while FAI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FAI First Trust Bloomberg Artificial Intelligence ETF | 0.00% | 0.00% | 0.04% |
THNQ ROBO Global Artificial Intelligence ETF | 0.15% | 0.20% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, THNQ and FAI 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.
FAI has higher volatility (10.00%) compared to THNQ (9.75%). In terms of maximum drawdown, THNQ dropped -50.56% vs FAI's -27.82%.
On 1-year performance, THNQ leads with 55.63% vs 40.34% for FAI. On fees, FAI is cheaper at 0.65% per year. On volatility, THNQ has been the lower-risk option at 9.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, THNQ has performed better with a 55.63% return vs 40.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FAI is cheaper with a 0.65% expense ratio, compared with 0.68% for THNQ.
THNQ has the higher dividend yield at 0.15%, compared with 0.00% for FAI.
THNQ tracks ROBO Global Artificial Intelligence Index, while FAI tracks Bloomberg Artificial Intelligence Index. They also come from different issuers: Exchange Traded Concepts and First Trust. Their fees differ too: 0.68% for THNQ and 0.65% for FAI.
THNQ currently has the higher Sharpe Ratio (1.70 vs 1.23), 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.
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