Data as of .
AOTG vs FRWD: which is really different?
AOTG and FRWD hold 44% of their weight in the same names.
ETFIQ Off-Index Score: FRWD 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
44% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, AOTG and FRWD hold 44% of their money in the same securities at the same weight.
| Holding | AOTG | FRWD |
|---|---|---|
| NVIDIA Corp | 10.47% | 8.12% |
| Advanced Micro Devices Inc | 15.39% | 7.83% |
| Taiwan Semiconductor Manufacturing Co Lt | 6.78% | 6.33% |
| Micron Technology Inc | 9.53% | 5.16% |
| Alphabet Inc | 4.11% | 3.22% |
| Amazon.com Inc | 4.40% | 2.82% |
| Microsoft Corp | 3.99% | 2.82% |
| Shopify Inc | 1.99% | 1.94% |
| Broadcom Inc | 1.67% | 4.67% |
| MercadoLibre Inc | 1.39% | 2.32% |
| ServiceNow Inc | 0.78% | 1.75% |
| Netflix Inc | 0.65% | 3.28% |
| Only in AOTG | Only in FRWD |
|---|---|
| AppLovin Corp 5.31% | Seagate Technology Holdings plc 7.77% |
| Toast Inc 4.65% | Lam Research Corp. 6.67% |
| Robinhood Markets Inc 3.80% | ASML Holding NV 5.09% |
| Oracle Corp 3.28% | Samsung Electronics Co. Ltd. 4.15% |
| Alphabet Inc 3.00% | Texas Instruments, Inc. 3.78% |
| NU Holdings Ltd/Cayman Islands 2.92% | DoorDash, Inc. 3.31% |
| Salesforce Inc 2.77% | Celestica, Inc. 2.69% |
| Adobe Inc 1.59% | Space Exploration Technologies Corp. 2.50% |
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 May 29, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| AOTG | FRWD | AOTG | FRWD | AOTG | FRWD | |
| 3 months | +2.7% | −8.0% | +0.4 pts | −10.2 pts | +5.2 pts | −5.5 pts |
| 6 months | +37.5% | +36.3% | +19.5 pts | +18.3 pts | +13.3 pts | +12.1 pts |
| 1 year | +22.3% | not published | +5.8 pts | not published | +0.6 pts | not published |
| 3 years | +120.6% | not published | +42.2 pts | not published | +22.4 pts | not published |
| Since launch | +168.9% | +27.3% | +57.1 pts | +16.6 pts | +8.5 pts | +11.8 pts |
| AOTG AOT Growth and Innovation ETF Holds 41 stocks in broad innovation and megatrends, 77% of its weight in S&P 500 companies | FRWD Nomura Transformational Technologies ETF Holds 25 stocks in broad innovation and megatrends, 70% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | AOT Invest | Nomura |
| Theme | Broad innovation and megatrends | Broad innovation and megatrends |
| In the S&P 500 | 77.4% | 70.1% |
| Active share vs the S&P 500 | 69.1% | 74.3% |
| In the Nasdaq-100 | 67.7% | 77.7% |
| Holdings | 41 | 25 |
| Top ten, share of the fund | 68.4% | 60.8% |
| Expense ratio | 0.75% | 0.65% |
| Fee for the differing part | 1.09% | 0.87% |
| Total return, 1 year | +22.3% | +27.3% (since launch on Jan 13, 2026) |
| vs the S&P 500 | +5.8 pts | +16.6 pts |
| vs the Nasdaq-100 | +0.6 pts | +11.8 pts |
| Below its high | −0.6% | −8.0% |
| Net assets | $105m | $285m |
AOTG in plain words
By weight, 77% of AOTG's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 69%. The top ten holdings are 68% of the fund across 41 positions, as filed for May 29, 2026. Over the year to Sep 18, 2026 the fund returned +22.3% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 5.8 pts.
FRWD in plain words
By weight, 70% of FRWD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 74%. The top ten holdings are 61% of the fund across 25 positions, as filed for Jun 30, 2026. Since it launched on Jan 13, 2026 the fund returned +27.3% with distributions reinvested against +10.7% for the S&P 500, so a holder was ahead by 16.6 pts. It sits 8.0% below its all-time high of Jun 18, 2026.
Questions people ask
- Do AOTG and FRWD hold the same stocks?
- By their latest filings, 44% 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, AOTG or FRWD?
- AOTG has 77% of its weight in S&P 500 names and FRWD has 70%, so FRWD differs more from the index.
- Which is cheaper, AOTG or FRWD?
- AOTG charges 0.75% a year and FRWD charges 0.65%, so FRWD 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, AOTG against FRWD, data as of Sep 18, 2026. https://etfiq.com/compare/themes/aotg-vs-frwd Free to use with attribution; the underlying files are at Open data.