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Launched

iShares A.I. Innovation and Tech Active ETF

BAINYSE ArcaiSharesB

$35.93+2.08 (+6.14%)

At close: Nov 9, 2026, 4:00 PM ET

B63/ 100

Rank 7 of 30 in Artificial Intelligence

B63/100Rank 7 of 30inArtificial Intelligence
Intraday session: up, 79 prints from 33.85 to 35.93. Range 34.52 to 36.15. Use the arrow keys to read each point.34.5035.0035.5010 AM12 PM2 PM4 PM
Expense ratio
0.55%*
Fund size
$10.5B
1Y total return
−2.0%
Yield · Last 12 months
1.75%
Holdings
55
Avg volume · 30D
3.87M sh
52W range
low $30.82high $54.46
Launched

*After a fee waiver that ends Jun 30, 2028. Without it: 0.65%.

The ETF.net BAI Grade

B

Score 63 out of 100

Category
Artificial Intelligence⁠
Rank
7 of 30
Six-pillar profile for BAI. Scores out of 100: Cost 74, Risk 22, Mission 30, Tradability 83, Holdings 55, Durability 83. Strongest: Tradability (83). Weakest: Risk (22). Leans toward Tradability and Durability.

Score 63 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A74 out of 100
    Rank 8 of 30

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    D30 out of 100
    Rank 10 of 10

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F22 out of 100
    Rank 24 of 28

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A83 out of 100
    Rank 2 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B55 out of 100
    Rank 15 of 27

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A83 out of 100
    Rank 4 of 30

Our read on BAI

ETF.net Research

In short

BBlackRock's hands-on answer to AI index funds: about 50 global names chosen across the AI tech stack, from infrastructure to the apps on top. Fee is 0.55% net of a waiver through June 30, 2028, below the typical AI thematic fund.

Stated mandate

The fund seeks active exposure to companies enabling, developing, and deploying advanced artificial-intelligence technologies across infrastructure, intelligence, and applications and services.

Why people hold it

  • Active by design: managers pick across the AI tech stack (infrastructure, intelligence, apps and services) instead of tracking a fixed index.ishares.com
  • 0.55% net of a waiver through June 30, 2028 (0.65% gross) lands below the category median fee and under index-tracking peer IGPT's 0.57%.
  • A multi-billion-dollar fund that trades actively, not a thin thematic launch nobody uses. It sits in the top quartile of its AI peer group on our review.
  • The mandate is global, covering U.S. and non-U.S. AI builders rather than only the usual American megacaps.ishares.com

Worth knowing

  • Concentration is the trade-off: roughly 50 holdings in a single theme, so the ride follows AI sentiment far more closely than the broad market.
  • Active means no index to check it against. Holdings and weights are the managers' call, and the record only starts at the October 2024 launch.
  • The prospectus fee is 0.65% gross; the 0.55% you actually pay rests on a waiver that runs through June 30, 2028. Payouts come once or twice a year.

BAI Performance

Launched Oct 21, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
BAI$9,805
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,088
Nov 6, 2025 to Nov 6, 2026. BAI $9,805. SPY $11,088. Use the arrow keys to read each point.$10,000$12,500$15,000Nov 2025May 2026Nov 2026

Nov 6, 2025 – Nov 6, 2026

Returns run to the Nov 6, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BAI. Periods over one year show the average yearly return.
PeriodBAI
Year to date+1.7%
1 month−31.9%
3 months−22.9%
1 year−2.0%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BAI
YearReturn barBAI
2026 YTD+1.7%
2025+25.2%
2024+8.1%

History from Oct 22, 2024

BAI in the news

BAI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 6, 2026.
1.75%Last 12 months
Payout per share
$0.59Last 12 months
Last payment
$0.59 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2025–2026

One bar per payment. 2 payments from 2025 to 2026 YTD. Jun 16, 2025 $0.004; Dec 16, 2025 $0.59. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 16, 2025Dec 19, 2025$0.59
Jun 16, 2025Jun 20, 2025$0.004

$10,000 in BAI 1 year ago paid $170 in dividends.

BAI Risk

Risk pillarF22 out of 100Rank 24 of 28 in Artificial Intelligence
How much the fund’s monthly returns vary, scaled to a year.
39.4%
Annualised · 24 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.71
vs 3-month T-bills · 24 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−40.0%
24 months · trough Nov 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
2.44
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

BAI Cost

Compare BAI and XAIX

Overpaying vs XAIX, tied cheapest in Artificial Intelligence

$3,778

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BAI 0.55%

    $10,904

  • XAIX 0.35% Tied cheapest

    $7,126

$10,000
30 years

Cost over time

  • BAI 0.55%
  • XAIX 0.35%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530BAI $10,904XAIX $7,126

Year by year

YearBAIXAIXOverpaying
10$988$634$354
20$3,790$2,454$1,336
30$10,904$7,126$3,778
How the 0.55% is worked out

Full fee 0.65%− waiver 0.10%= you pay 0.55%

The waiver ends Jun 30, 2028. After that the fee is 0.65% unless iShares renews it. Source: prospectus, Aug 2026.

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