AI ETF NYSE Arca: IVES Wedbush Funds

Dan IVES Wedbush AI Revolution ETF (IVES)

Wall Street's most high-conviction AI ETF — 31 picks from the analyst who called the AI supercycle.

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✓ Reviewed by Get AI Decoded Editorial Team Updated March 2026

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Key Fund Stats

0.75%

Expense Ratio

Annual fee charged by the fund

$0.9B

Assets Under Management

Total fund AUM as of March 2026

Holdings

Number of positions in the fund

2025

Inception Year

Year the fund launched

-8.5%

YTD Return

Year-to-date · live

+15.37%

1-Year Return

Trailing 12 months · live

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52-Week Range

Low — High (live)

5/5

AI Exposure Score

Maximum AI exposure — core AI holdings.

⚡⚡⚡⚡⚡

⚡ About AI Exposure Score: Reflects how heavily this ETF tilts toward AI and automation revenue. 5 = nearly all holdings are AI-driven. 1 = AI is a minor theme. Editorial assessment — not a buy/sell signal.

What is IVES?

The Dan IVES Wedbush AI Revolution ETF (IVES) is named after one of Wall Street's most visible AI bulls — Wedbush analyst Dan Ives, whose firm coined the phrase "AI Supercycle." The ETF tracks the Solactive Wedbush Artificial Intelligence Index, which screens for U.S.-listed companies identified as significant AI enablers or adopters through strategic focus, partnerships, R&D, and product integration.

With just 31 holdings at near-equal weighting (~4–5% each), IVES is one of the most concentrated AI ETFs available — a high-conviction bet on the AI buildout thesis. It holds the full stack: compute (NVDA, AMD, TSM), cloud platforms (AMZN, GOOGL, MSFT), enterprise AI (CRM, NOW, ORCL), cybersecurity (PANW, CRWD), and emerging AI infrastructure plays (CoreWeave, Nebius). IVES hit $1 billion in AUM within five months of its June 2025 launch, making it one of the fastest-growing thematic ETFs of the AI era.

Top 5 Holdings

Holding	Weight
Apple Inc	4.83%
Amazon.com	4.75%
NVIDIA Corp	4.71%
Taiwan Semiconductor	4.67%
Alphabet Inc	4.67%

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Upcoming Catalysts

Dan Ives' AI supercycle thesis plays directly into IVES portfolio — designed to capture every layer of the AI stack
Near-equal weighting (~4–5% per holding) avoids mega-cap concentration drag; every position counts
Includes AI infrastructure plays like CoreWeave (CRWV) and Nebius not found in older AI ETFs
Hit $1B AUM in 5 months — institutional conviction signaled by rapid inflows
Palantir (4.1%+) provides defense/government AI exposure absent from many peer funds

Key Risks

0.75% expense ratio — premium pricing for a concentrated active-index strategy
Concentrated 31-holding portfolio amplifies single-stock risk vs diversified peers
Dan Ives brand association — any Wedbush controversy could affect ETF reputation
Launched June 2025 — limited track record through a full market cycle
Equal-weight tilt may lag cap-weighted peers when mega-caps (NVDA, MSFT) run hard

Compare with Similar ETFs

CHAT — The purest GenAI ETF — built for the ChatGPT era.
BOTZ — The original AI & robotics ETF. Pure-play exposure to intelligent machines.
AIQ — Broad AI technology exposure — software, hardware, and infrastructure in one fund.

Sources: Wedbush Funds, StockAnalysis.com, ETF.com, Morningstar (March 2026)

⚠️ Not financial advice. ETF data is for informational purposes only. Expense ratios, holdings, and returns change — verify current data on the fund issuer's website before investing. Past performance does not guarantee future results.