Do ARKK and FRWD hold the same stocks?

By their latest filings, 13% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, ARKK or FRWD?

ARKK has 36% of its weight in S&P 500 names and FRWD has 70%, so ARKK differs more from the index.

Which is cheaper, ARKK or FRWD?

ARKK charges 0.75% a year and FRWD charges 0.65%, so FRWD is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

ARKK vs FRWD: Holdings Overlap & Returns

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ARKK and FRWD hold 13% of their weight in the same names.

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Net assets: $5.9bn on Nov 2, 2026 for ARK Innovation ETF, and $285m on Jun 30, 2026 for Nomura Transformational Technologies ETF.

ARKK on its own →FRWD on its own →

At a glance

36.2%

ARKK in the S&P 500

69.9%

FRWD in the S&P 500

−3.7%

ARKK total return, 1 year

+15.0%

FRWD total return, since launch, Jan 13, 2026

ARKK · 1 year to Nov 4, 2026 64% of its weight is outside the S&P 500

36% of ARKK's weight is in S&P 500 companies and 64% is outside the index. Holdings as of Nov 2, 2026.

FRWD · 6 months to Nov 4, 2026 30% of its weight is outside the S&P 500

70% of FRWD's weight is in S&P 500 companies and 30% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

FRWD costs 0.10 points a year less.

Points (pts) are percentage points.

ARKK vs FRWD: Holdings Overlap & Returns
Measure	ARKK	FRWD
Return
Measure	ARKK	FRWD
Total return, 1 year	−3.7%	not published
Drawdown
Measure	ARKK	FRWD
Below its all-time high	48.0%, high on Feb 12, 2021	16.9%, high on Jun 18, 2026
Against its benchmark
Measure	ARKK	FRWD
What it tracks	Broad innovation and megatrends	Broad innovation and megatrends
Against the S&P 500, 1 year	behind by 18.5 pts
Its benchmark, total return, 1 year	+14.8%
Against its benchmark, 1 year	behind by 18.5 pts
Cost and size
Measure	ARKK	FRWD
Expense ratio	0.75%	0.65%
Net assets, ARKK as of Nov 2, 2026 and FRWD as of Jun 30, 2026	$5.9bn	$285m
Holdings
Measure	ARKK	FRWD
Holdings in common	13%

Method

Risk and return

Jan 23, 2026 to Oct 30, 2026 · 40 weekly returns

ARKK FRWD

Return

Total return edge FRWD +0.1% +14.5%

Price return edge FRWD +0.1% +14.5%

Risk

Max drawdown edge FRWD −19.9% −15.9%

Reading

From Jan 2026 to Oct 2026, FRWD returned more: +14.5% to +0.1%. FRWD fell less at its worst: −15.9% to −19.9%.

Full scorecard

3 measures, with how each is measured Open ↓

Risk and return: ARKK vs FRWD: Holdings Overlap & Returns
Measure	ARKK	FRWD	Edge	How it is measured
Return
Total return	+0.1%	+14.5%	FRWD	Price change plus distributions, reinvested.
Price return	+0.1%	+14.5%	FRWD	Price change alone, distributions left out.
Risk
Max drawdown	−19.9%	−15.9%	FRWD	Deepest fall from a high to the low after it.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 40 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

13%

By the books each fund has filed, ARKK and FRWD hold 13% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 2, 2026.

50%

0 half 100%

half

13% in common

Positions both hold · largest shared weight first ARKK FRWD

NVIDIA CORP 3.00% 8.09%

AMAZON.COM INC 2.38% 2.81%

SHOPIFY INC - CLASS A 3.15% 1.94%

BROADCOM INC 1.92% 4.65%

ADVANCED MICRO DEVICES 1.62% 7.80%

Kratos Defense & Security Solutions Inc 1.14% 2.45%

ALPHABET INC-CL C 0.83% 3.20%

Only in one fund ↓

Only in ARKK

TESLA INC 11.62%

TEMPUS AI INC-CL A 6.35%

SPACE EXPLORATION TECHN-CL A 6.29%

CIRCLE INTERNET GROUP INC 4.60%

CRISPR THERAPEUTICS AG 4.48%

OPENAI GROUP PBC SERIES C 4.25%

COINBASE GLOBAL INC -CLASS A 3.76%

TWIST BIOSCIENCE CORP 2.95%

Only in FRWD

Seagate Technology Holdings plc 7.74%

Lam Research Corp. 6.64%

Taiwan Semiconductor Manufacturing Co. Ltd. 6.30%

Micron Technology, Inc. 5.14%

ASML Holding NV 5.07%

Western Digital Corp. 5.04%

Samsung Electronics Co. Ltd. 4.14%

Texas Instruments, Inc. 3.77%

Check overlap with more funds →

Window by window

Window by window: ARKK vs FRWD: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	ARKK	FRWD	ARKK	FRWD
3 months	+5.5%	−10.7%	+5.6 pts vs VOO	not measured
6 months	+1.0%	−5.2%	−4.0 pts vs VOO	not measured
1 year	−3.7%	–	−18.5 pts vs VOO	–
3 years	+98.7%	–	+15.4 pts vs VOO	–
Since launchNot the same days: ARKK Oct 2014 · FRWD Jan 2026	+336.0%	+15.0%	−31.3 pts vs VOO	not measured

– means no data for this window. Open this comparison in the app →

Side by side

ARKK ARK Innovation ETF · Holds 46 stocks in broad innovation and megatrends, 36% 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 ARK Nomura

Theme Broad innovation and megatrends Broad innovation and megatrends

In the S&P 500 36.2% 69.9%

Active share vs the S&P 500 85.7% 74.4%

In the Nasdaq-100 39.8% 79.9%

Holdings 46 25

Top ten, share of the fund 50.4% 60.6%

Expense ratio 0.75% 0.65%

Fee for the differing part 0.88% 0.87%

Total return, 1 year −3.7% +15.0% (since launch, Jan 13, 2026)

vs its benchmark −18.5 pts vs VOO not measured

Below its high −48.0% −16.9%

Net assets, ARKK as of Nov 2, 2026 and FRWD as of Jun 30, 2026 $5.9bn $285m

As of Nov 4, 2026. Source: ETFIQ.

13% of the two portfolios are the same securities at the same weight.

Client brief

No client brief for this pair: ETFIQ prints no one-year total return for FRWD; the two funds' holdings are dated 125 days apart.

Alert

About each fund

ARKK

By weight, 36% of ARKK's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 86%. The top ten holdings are 50% of the fund across 46 positions, as published by its issuer for Nov 2, 2026. Over the year to Nov 4, 2026 the fund returned −3.7% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 18.5 pts. It sits 48.0% below its all-time high of Feb 12, 2021.

FRWD

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 first traded on Jan 13, 2026 the fund returned +15.0% with distributions reinvested. It sits 16.9% below its all-time high of Jun 18, 2026.

Questions people ask

Do ARKK and FRWD hold the same stocks?: By their latest filings, 13% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, ARKK or FRWD?: ARKK has 36% of its weight in S&P 500 names and FRWD has 70%, so ARKK differs more from the index.
Which is cheaper, ARKK or FRWD?: ARKK charges 0.75% a year and FRWD charges 0.65%, so FRWD is cheaper. Fees come from each fund's prospectus.

Other comparisons

ARKK vs QQQJ ARKK vs FMED ARKK vs XT ARKK vs BUYZ FRWD vs QQQJ FRWD vs ILDR FRWD vs XT FRWD vs TMAT

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →ARKK on its own →FRWD on its own →ARKK holdings →FRWD holdings →Method →Standards and sources →

Sources and dates

ARKK filings on SEC EDGAR ↗

ARKK prospectus with the expense ratio (SEC) ↗

ARK page for ARKK ↗

FRWD filings on SEC EDGAR ↗

FRWD prospectus with the expense ratio (SEC) ↗

Nomura website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, ARKK against FRWD, data as of Nov 4, 2026. https://etfiq.com/compare/themes/arkk-vs-frwd

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.