Summary
Themes Generative Artificial Intelligence ETF is an ETF - a fund traded on an exchange like a stock - run by Themes. Positions inside: 47. The ten largest make up 48% of the fund.
- Yearly costs
- 0.35%
- Fund size
- $22.8M
- Positions
- 47
- Dividend yield
- 5.14%
- Running since
- 2023
What speaks for it
- Costs of 0.35% a year are below the middle of comparable funds (0.44%).
What to watch
- 86% of the fund is in one sector (Technology).
- 82% of the fund is in one country (United States).
- In the last five years its price once dropped by 39% from its high.
- A young fund: it has been running only since 2023.
- A small fund with $22.8M under management; small funds get closed more often.
- It trades little: only about $190.2K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -13%
- 3 months
- -7.8%
- This year
- -20%
- 1 year
- -30%
- Avg. market cap
- $697.6B
- P/E
- 27.9x
- Forward P/E
- 25.5x
- P/S
- 3.7x
- P/B
- 0.8x
- P/FCF
- 36.2x
- EV/EBITDA
- 16.2x
- Dividend yield
- 0.29%
- ROIC
- -3.6%
- ROE
- -1.5%
- Gross margin
- 51.3%
- Operating margin
- -31.9%
- Net margin
- -38.9%
- Payout ratio
- 8.2%
- Net debt/EBITDA
- 0.9x
- Beta
- 1.91
Weighted average of the 40 largest companies, which make up 100% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Moderately concentrated- 1 NVNvidia NVDA 5.6%
- 2 AMAMD AMD 5.4%
- 3 IIInformation Services Group, Inc. III 5.3%
- 4 SNSnowflake SNOW 5.0%
- 5 GOAlphabet GOOGL 4.8%
- 6 PLPalantir PLTR 4.7%
- 7 AIC3.ai, Inc. AI 4.6%
- 8 CACaris Life Sciences, Inc. CAI 4.6%
- 9 38Kingsoft Cloud Holdings Limited 3896.HK 4.2%
- 10 39PKSHA Technology Inc. 3993.T 4.1%
Positions in the fund: 47. The ten largest make up 48% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One sector dominatesBy sector
- Technology 86%
- Communication services 4.3%
- Healthcare 4.1%
- Industrials 3.6%
- Consumer cyclical 2.3%
By country
- United States 82%
- China 8.0%
- Japan 5.9%
- United Kingdom 3.3%
- Other countries 1.0%
By company size
- Mega cap 30%
- Large cap 11%
- Mid cap 20%
- Small cap 21%
- Micro cap 19%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Technology (86%). Largest country: United States (82%). Largest size group: Mega cap (30%).
What does it cost me?
Cheap- A year from $10,000
- $35.00
- Over 20 years
- $1,714
From every $10,000 invested the fund takes $35.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $1,714.
How has it done?
Losing value- Over the last year
- -30%
- Deepest drop
- -39%
- Yearly volatility
- 35%
Decline over the last year: 30%. Deepest drop in these years: 39% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 5.14%
- Last payment
- $1.61
Over the last 12 months it paid $1.61 per share, which is 5.14% of today's price. The last payment was $1.61 on Dec 18, 2025.
Is it easy to buy and sell?
It trades little- Traded a day
- $190.2K
- Shares a day
- 6.1K
On an average day about $190.2K of the fund changes hands.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 27.9
- Average Bulios Score
- 53 out of 100
Weight by Bulios Fair Price
- Undervalued 23%
- Fairly valued 2.5%
- Overvalued 74%
On average the companies inside trade for 27.9 times their yearly profit. By Fair Price, 74% of the rated weight comes out as overvalued.
Counted from its largest companies (40), which make up 100% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
GP GPTY YieldMax AI & Tech Portfolio Option Income ETF | United States | 1.06% | $99.5M | -19% | Pays out | 39% |
AI AIBU Direxion Daily AI and Big Data Bull 2X ETF | United States | 1.05% | $23.6M | +5.7% | Pays out | 35% |
IV IVES Dan Ives Wedbush AI Revolution ETF | United States | 0.75% | $894.9M | +15% | Pays out | 33% |
FA FAI First Trust Exchange-Traded Fund II - First Trust Bloomberg Artificial Intelligence ETF | United States | 0.65% | $170.4M | +28% | - | 30% |
FE FEPI REX FANG & Innovation Equity Premium Income ETF | United States | 0.65% | $715.1M | -16% | Pays out | 30% |
HE HEMI Hartford Equity Premium Income ETF | United States | 0.58% | $37.6M | - | Pays out | 30% |