Do ARKW and FMQQ hold the same stocks?

By their latest filings, 1% 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, ARKW or FMQQ?

ARKW has 53% of its weight in S&P 500 names and FMQQ has 0%, so FMQQ differs more from the index.

Which is cheaper, ARKW or FMQQ?

ARKW charges 0.76% a year and FMQQ charges 0.86%, so ARKW is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

ARKW vs FMQQ: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, ARKW returned −10.3% to FMQQ's −18.5%; 1% of their weight is in the same names.

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Net assets: $1.6bn on Jul 31, 2026 for ARK Next Generation Internet ETF, and $22m on Aug 31, 2026 for FMQQ The Next Frontier Internet ETF.

ARKW on its own →FMQQ on its own →

At a glance

53.1%

ARKW in the S&P 500

0.0%

FMQQ in the S&P 500

−10.3%

ARKW total return, 1 year

−18.5%

FMQQ total return, 1 year

ARKW · 1 year to Nov 4, 2026 47% of its weight is outside the S&P 500

53% of ARKW's weight is in S&P 500 companies and 47% is outside the index. Holdings as of Jul 31, 2026.

FMQQ · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500

0% of FMQQ's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Aug 31, 2026.

Pair scorecard

ARKW costs 0.10 points a year less; their one-year returns differ by 8.2 points.

Points (pts) are percentage points.

ARKW vs FMQQ: Holdings Overlap & Returns
Measure	ARKW	FMQQ
Return
Measure	ARKW	FMQQ
Total return, 1 year	−10.3%	−18.5%
Drawdown
Measure	ARKW	FMQQ
Below its all-time high	20.2%, high on Feb 12, 2021	53.3%, high on Oct 19, 2021
Against its benchmark
Measure	ARKW	FMQQ
What it tracks	Internet and e-commerce	Internet and e-commerce
Against the S&P 500, 1 year	behind by 25.1 pts
Its benchmark, total return, 1 year	+14.8%
Against its benchmark, 1 year	behind by 25.1 pts
Cost and size
Measure	ARKW	FMQQ
Expense ratio	0.76%	0.86%
Net assets, ARKW as of Jul 31, 2026 and FMQQ as of Aug 31, 2026	$1.6bn	$22m
Active share vs the S&P 500	82%	100%
Holdings
Measure	ARKW	FMQQ
Holdings in common	1%

Method

What they share

By the books each fund has filed, ARKW and FMQQ hold 1% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.

50%

0 half 100%

half

1% in common

Positions both hold · largest shared weight first ARKW FMQQ

MERCADOLIBRE INC 1.01% 7.74%

Only in one fund ↓

Only in ARKW

TESLA INC 7.48%

ADVANCED MICRO DEVICES INC 7.44%

ARK 21SHARES BITCOIN ETF 4.90%

ROBINHOOD MARKETS INC 4.56%

SHOPIFY INC 4.46%

AMAZON.COM INC 4.44%

ALPHABET INC 4.07%

BLOCK INC 3.61%

Only in FMQQ

SEA LIMITED 7.94%

RELIANCE INDUSTRIES LIMITED 6.98%

Nu Holdings Ltd. 6.51%

BAJAJ FINANCE LIMITED 6.30%

Eternal Limited 5.32%

Allegro.eu SA 5.05%

Joint Stock Company Kaspi.kz 4.73%

GRAB HOLDINGS LIMITED 4.07%

Check overlap with more funds →

Window by window

Window by window: ARKW vs FMQQ: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	ARKW	FMQQ	ARKW	FMQQ
3 months	+1.2%	−6.7%	+1.3 pts vs VOO	not measured
6 months	+0.7%	−2.2%	−4.3 pts vs VOO	not measured
1 year	−10.3%	−18.5%	−25.1 pts vs VOO	not measured
3 years	+156.8%	+16.6%	+73.5 pts vs VOO	not measured
Since launchNot the same days: ARKW Sep 2014 · FMQQ Sep 2021	+794.7%	−51.7%	+416.2 pts vs VOO	not measured

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Side by side

ARKW ARK Next Generation Internet ETF · Holds 43 stocks in internet and e-commerce, 53% of its weight in S&P 500 companies FMQQ FMQQ The Next Frontier Internet ETF · Holds 37 stocks in internet and e-commerce, 0% of its weight in S&P 500 companies

Issuer ARK EMQQ Global

Theme Internet and e-commerce Internet and e-commerce

In the S&P 500 53.1% 0.0%

Active share vs the S&P 500 82.5% 100.0%

In the Nasdaq-100 53.5% 7.6%

Holdings 43 37

Top ten, share of the fund 48.0% 58.7%

Expense ratio 0.76% 0.86%

Fee for the differing part 0.92% 0.86%

Total return, 1 year −10.3% −18.5%

vs its benchmark −25.1 pts vs VOO not measured

Below its high −20.2% −53.3%

Net assets, ARKW as of Jul 31, 2026 and FMQQ as of Aug 31, 2026 $1.6bn $22m

As of Nov 4, 2026. Source: ETFIQ.

1% of the two portfolios are the same securities at the same weight.

Alert

About each fund

ARKW

By weight, 53% of ARKW's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 82%. The top ten holdings are 48% of the fund across 43 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned −10.3% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 25.1 pts. It sits 20.2% below its all-time high of Feb 12, 2021.

FMQQ

By weight, 0% of FMQQ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 59% of the fund across 37 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned −18.5% with distributions reinvested. It sits 53.3% below its all-time high of Oct 19, 2021.

Questions people ask

Do ARKW and FMQQ hold the same stocks?: By their latest filings, 1% 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, ARKW or FMQQ?: ARKW has 53% of its weight in S&P 500 names and FMQQ has 0%, so FMQQ differs more from the index.
Which is cheaper, ARKW or FMQQ?: ARKW charges 0.76% a year and FMQQ charges 0.86%, so ARKW is cheaper. Fees come from each fund's prospectus.

Other comparisons

ARKW vs FDNI ARKW vs ONLN ARKW vs SOCL ARKW vs ISHP FMQQ vs KWEB FMQQ vs PNQI FMQQ vs EMQQ FMQQ vs IBUY

Where to next

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

Sources and dates

ARKW filings on SEC EDGAR ↗

ARKW prospectus with the expense ratio (SEC) ↗

ARK page for ARKW ↗

FMQQ filings on SEC EDGAR ↗

FMQQ prospectus with the expense ratio (SEC) ↗

EMQQ Global 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, ARKW against FMQQ, data as of Nov 4, 2026. https://etfiq.com/compare/themes/arkw-vs-fmqq

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