What Is the IVES ETF? A Complete Guide to Returns, Expense Ratio, Holdings, and Alternative ETFs
A leading thematic ETF that concentrates on the global companies driving the artificial intelligence revolution, selecting both the suppliers of AI technology and the firms that apply it most innovatively.
SubscribeWhat Is This ETF?
It tracks the Solactive Wedbush Artificial Intelligence Index and uses natural language processing to identify US-listed companies with a strong connection to the AI theme. It aims to provide exposure not only to firms with a technological edge, but also to those driving real changes in their businesses.
It suits investors who expect long-term structural growth in the AI industry and seek returns through concentrated investment in a specific theme.
Wedbush launched the ETF in 2023, and it is managed passively (index tracking).
How Does It Invest?
| Item | Details |
|---|---|
| Tracked Index | Solactive Wedbush Artificial Intelligence Index |
| Management Style | Passive (theme selection based on language analysis) |
| Rebalancing Frequency | Semiannual |
| Dividend Frequency | Annual |
| Total Expense Ratio | 0.75% |
An algorithm analyzes thousands of corporate documents and selects companies with a high share of AI-related revenue or business activity. It reviews a broad range of large-cap and mid-cap stocks, but allocates assets in a concentrated way to a small group of selected holdings, maintaining thematic consistency.
- Refined extraction of AI-related stocks using language analysis technology
- A compact portfolio centered on core leading companies
Size and Costs
Assets under management (AUM) stand at $809.7M, and the expense ratio is 0.75% per year.
Because it tracks a specialized thematic index, its fees tend to be higher than those of typical technology sector ETFs, but it offers differentiated exposure tailored to the AI industry.
Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeAs the generative AI market has grown and earnings of leading hardware and software companies have improved, the fund has posted positive results, reflecting the effects of an expanding industry ecosystem.
Large amounts of investment capital are flowing in worldwide, drawn to AI as the next global growth engine, and the fund has firmly established itself as one of the key thematic products in a tech-led market.
Strengths and Weaknesses
It is an efficient tool for benefiting from the AI revolution, but investors should keep in mind its high concentration in a specific theme and the volatility typical of tech stocks.
💪 Key Strengths
⚠️ Points to Watch
Alternative ETFs and Related Products
FNDX, FNDA, and PRF shown in the table are large-cap alternatives that focus on fundamental value metrics, whereas IVES concentrates on the innovative technology theme. For direct AI-themed competitors, you can also consider BOTZ, AIQ, and ROBO, and if you want more aggressive growth stocks, comparing it with ARKK may be worthwhile.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 FNDX | Schwab Fundamental U.S. Large Company ETF | $33.03 | +0.8% | $28.6B | 0.25% | 1.43% | +22.9% |
 PRF | Invesco RAFI US 1000 ETF | $56.79 | +0.8% | $10.1B | 0.34% | 1.3% | +22.8% |
 FNDA | Schwab Fundamental U.S. Small Company ETF | $36.58 | +0.6% | $9.0B | 0.25% | 1.21% | +18.1% |
 JHMM | John Hancock Multifactor Mid Cap ETF | $74.76 | +0.9% | $6.2B | 0.41% | 0.88% | +14.9% |
 RECS | Columbia Research Enhanced Core ETF | $44.86 | +1.2% | $6.1B | 0.15% | 0.72% | +9.6% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| AMD | Advanced Micro Devices Inc | 0.06% | $552.90 | +7.3% | $906.8B | 120.2 | - |
| MSFT | Microsoft Corp | 0.06% | $521.12 | -2.3% | $3.87T | 27.2 | 0.74% |
| AVGO | Broadcom Inc | 0.10% | $345.22 | +4.0% | $1.65T | 44.1 | 0.76% |
| AMZN | Amazon.com Inc | 0.11% | $266.17 | -1.7% | $2.88T | 21.5 | - |
| GOOGL | Alphabet Inc | 0.05% | $293.45 | +2.1% | $3.57T | 15.3 | 0.3% |
| TSM | Taiwan Semiconductor Manufacturing ADR | 0.05% | $413.35 | +4.3% | $2.14T | 26.6 | 1.01% |
| AAPL | Apple Inc | 0.05% | $355.63 | +2.0% | $5.17T | 39.6 | 0.32% |
| NVDA | NVIDIA Corp | 0.05% | $173.73 | +2.9% | $4.19T | 22.0 | 0.45% |
Investor Checkpoints
IVES is a product that invests in a concentrated manner in the fast-changing AI industry, so before deciding to invest, use the key checklist below to confirm that it matches your own risk tolerance.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 📊 AI Relevance | Review the actual AI revenue and business share of the holdings | Adequate |
| ⚖️ Stock Concentration | Be aware of the tilt toward top large-cap stocks and its effect on volatility | On the high side |
| 💸 Fee Level | Confirm whether costs are reasonable compared with other ETFs in the same theme | Needs checking |
| 📈 Technology Trends | Review the pace of global AI adoption and overall industry growth | Ongoing |
In the AI industry, stock prices can swing sharply depending on changes in the regulatory environment and whether technological breakthroughs materialize. From a long-term innovation perspective, it is advisable to approach it as one part of a portfolio.
It is an option worth considering for those who want to invest in the companies set to lead the era of artificial intelligence, the core of future technology. It is recommended for investors who recognize the costs and volatility and want to take part in the growth trend.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
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