Data as of .
ANEW vs TNXT: which is really different?
ANEW and TNXT hold 25% of their weight in the same names.
ETFIQ Off-Index Score: ANEW scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
25% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, ANEW and TNXT hold 25% of their money in the same securities at the same weight.
| Holding | ANEW | TNXT |
|---|---|---|
| MICROSOFT CORP | 2.23% | 2.67% |
| APPLE INC | 2.12% | 4.61% |
| ELI LILLY & CO | 2.12% | 1.99% |
| NVIDIA CORP | 1.90% | 7.23% |
| AMAZON.COM INC | 1.84% | 3.02% |
| ALPHABET INC-CL A | 1.70% | 2.57% |
| BROADCOM INC | 1.64% | 2.76% |
| META PLATFORMS INC-CLASS A | 2.08% | 1.47% |
| MICRON TECHNOLOGY INC | 1.15% | 1.86% |
| ADVANCED MICRO DEVICES | 0.86% | 2.53% |
| VISA INC-CLASS A SHARES | 0.71% | 1.45% |
| GUARDANT HEALTH INC | 0.78% | 0.70% |
| Only in ANEW | Only in TNXT |
|---|---|
| DOORDASH INC - A 2.35% | ALPHABET INC CL C 2.28% |
| ABBVIE INC 2.33% | TAIWAN SEMICONDUCTOR-SP ADR 1.22% |
| DEERE & CO 2.31% | BLOCK INC 1.02% |
| ABBOTT LABORATORIES 2.18% | LAM RESEARCH CORP 1.00% |
| SYMRISE AG 2.18% | UNITEDHEALTH GROUP INC 0.97% |
| INTL FLAVORS & FRAGRANCES 2.17% | ASML HOLDING NV NY 0.87% |
| GIVAUDAN-REG 2.11% | CATERPILLAR INC 0.86% |
| KERRY GROUP PLC-A 2.05% | CVS HEALTH CORP 0.80% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| ANEW | TNXT | ANEW | TNXT | ANEW | TNXT | |
| 3 months | +6.5% | +3.8% | +4.2 pts | +1.6 pts | +8.9 pts | +6.3 pts |
| 6 months | +19.1% | +27.4% | +1.1 pts | +9.3 pts | −5.1 pts | +3.1 pts |
| 1 year | +3.9% | not published | −12.7 pts | not published | −17.9 pts | not published |
| 3 years | +56.3% | not published | −22.1 pts | not published | −41.9 pts | not published |
| Since launch | +40.4% | +14.5% | −97.4 pts | +3.9 pts | −118.3 pts | −0.4 pts |
| ANEW ProShares MSCI Transformational Changes ETF Holds 146 stocks in broad innovation and megatrends, 51% of its weight in S&P 500 companies | TNXT T. Rowe Price Innovation Leaders ETF Holds 272 stocks in broad innovation and megatrends, 64% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | ProShares | T. Rowe Price |
| Theme | Broad innovation and megatrends | Broad innovation and megatrends |
| In the S&P 500 | 51.0% | 64.3% |
| Active share vs the S&P 500 | 76.2% | 51.6% |
| In the Nasdaq-100 | 25.2% | 46.9% |
| Holdings | 146 | 272 |
| Top ten, share of the fund | 22.4% | 31.8% |
| Expense ratio | 0.45% | 0.49% |
| Fee for the differing part | 0.59% | 0.95% |
| Total return, 1 year | +3.9% | +14.5% (since launch on Jan 29, 2026) |
| vs the S&P 500 | −12.7 pts | +3.9 pts |
| vs the Nasdaq-100 | −17.9 pts | −0.4 pts |
| Below its high | −2.0% | −1.4% |
| Net assets | $8m | $18m |
ANEW in plain words
By weight, 51% of ANEW's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 76%. The top ten holdings are 22% of the fund across 146 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +3.9% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 12.7 pts.
TNXT in plain words
By weight, 64% of TNXT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 52%. The top ten holdings are 32% of the fund across 272 positions, as filed for Jun 30, 2026. Since it launched on Jan 29, 2026 the fund returned +14.5% with distributions reinvested against +10.6% for the S&P 500, so a holder was ahead by 3.9 pts.
Questions people ask
- Do ANEW and TNXT hold the same stocks?
- By their latest filings, 25% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, ANEW or TNXT?
- ANEW has 51% of its weight in S&P 500 names and TNXT has 64%, so ANEW differs more from the index.
- Which is cheaper, ANEW or TNXT?
- ANEW charges 0.45% a year and TNXT charges 0.49%, so ANEW is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, ANEW against TNXT, data as of Sep 18, 2026. https://etfiq.com/compare/themes/anew-vs-tnxt Free to use with attribution; the underlying files are at Open data.