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First Trust Bloomberg Artificial Intelligence ETF FAI
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | FAI | Replication |
|---|---|---|
| Annualized growth | 41.9% | 32.0% |
| Annualized volatility | 27.7% | 23.8% |
| Sharpe ratio | 1.40 | 1.29 |
| Maximum drawdown | 27.0% | 23.8% |
| Replication fit (R²) | 0.92 · Tracking error 8.0% | |
Replication portfolio
The published portfolio below is the investable basket used to model FAI’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| XLK | Sector · Technology | 95.8% |
| XLY | Sector · Cons Discr | 4.3% |