Data as of .
ARKW vs PNQI: which is really different?
ARKW and PNQI hold 22% of their weight in the same names, and ARKW returned more over the year.
ETFIQ Off-Index Score: ARKW 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
22% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, ARKW and PNQI hold 22% of their money in the same securities at the same weight.
| Holding | ARKW | PNQI |
|---|---|---|
| AMAZON.COM INC | 3.72% | 7.29% |
| SHOPIFY INC - CLASS A | 3.56% | 4.21% |
| META PLATFORMS INC-CLASS A | 3.47% | 8.19% |
| ALPHABET INC-CL C | 3.38% | 7.11% |
| COINBASE GLOBAL INC -CLASS A | 4.03% | 1.22% |
| SPOTIFY TECHNOLOGY SA | 1.13% | 2.96% |
| MERCADOLIBRE INC | 1.06% | 2.56% |
| NETFLIX INC | 1.02% | 3.24% |
| DOORDASH INC - A | 0.97% | 2.24% |
| ROBLOX CORP -CLASS A | 2.12% | 0.91% |
| AIRBNB INC-CLASS A | 0.57% | 1.96% |
| DRAFTKINGS INC-CL A | 0.73% | 0.30% |
| Only in ARKW | Only in PNQI |
|---|---|
| TESLA INC 7.52% | Microsoft Corp 8.53% |
| ROBINHOOD MARKETS INC - A 5.11% | Apple Inc 8.38% |
| CIRCLE INTERNET GROUP INC 4.69% | Salesforce Inc 4.85% |
| SPACE EXPLORATION TECHN-CL A 4.59% | Walt Disney Co/The 3.92% |
| ADVANCED MICRO DEVICES 4.13% | Uber Technologies Inc 3.89% |
| ARK BITCOIN ETF HOLDCO (ARKW) 3.84% | Booking Holdings Inc 3.68% |
| COREWEAVE INC-CL A 3.50% | Adobe Inc 2.84% |
| BLOCK INC 3.49% | Intuit Inc 2.34% |
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 Sep 19, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| ARKW | PNQI | ARKW | PNQI | ARKW | PNQI | |
| 3 months | +8.4% | +10.1% | +6.2 pts | +7.9 pts | +10.9 pts | +12.6 pts |
| 6 months | +27.8% | +12.0% | +9.8 pts | −6.0 pts | +3.6 pts | −12.2 pts |
| 1 year | −5.3% | −10.8% | −21.8 pts | −27.4 pts | −27.0 pts | −32.6 pts |
| 3 years | +188.1% | +59.2% | +109.7 pts | −19.2 pts | +89.9 pts | −39.0 pts |
| Since launch | +867.7% | +865.0% | +495.5 pts | +61.5 pts | +168.5 pts | −825.2 pts |
| ARKW ARK Next Generation Internet ETF Holds 43 stocks in internet and e-commerce, 50% of its weight in S&P 500 companies | PNQI Invesco NASDAQ Internet ETF Holds 79 stocks in internet and e-commerce, 75% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | ARK | Invesco |
| Theme | Internet and e-commerce | Internet and e-commerce |
| In the S&P 500 | 50.0% | 75.2% |
| Active share vs the S&P 500 | 81.1% | 78.8% |
| In the Nasdaq-100 | 42.7% | 63.9% |
| Holdings | 43 | 79 |
| Top ten, share of the fund | 43.8% | 60.0% |
| Expense ratio | 0.76% | 0.60% |
| Fee for the differing part | 0.94% | 0.76% |
| Total return, 1 year | −5.3% | −10.8% |
| vs the S&P 500 | −21.8 pts | −27.4 pts |
| vs the Nasdaq-100 | −27.0 pts | −32.6 pts |
| Below its high | −13.7% | −11.4% |
| Net assets | $1.9bn | $524m |
ARKW in plain words
By weight, 50% of ARKW's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 81%. The top ten holdings are 44% of the fund across 43 positions, as published by its issuer for Sep 21, 2026. Over the year to Sep 18, 2026 the fund returned −5.3% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 21.8 pts. It sits 13.7% below its all-time high of Feb 12, 2021.
PNQI in plain words
By weight, 75% of PNQI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 79%. The top ten holdings are 60% of the fund across 79 positions, as published by its issuer for Sep 19, 2026. Over the year to Sep 18, 2026 the fund returned −10.8% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 27.4 pts. It sits 11.4% below its all-time high of Sep 19, 2025.
Questions people ask
- Do ARKW and PNQI hold the same stocks?
- By their latest filings, 22% 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, ARKW or PNQI?
- ARKW has 50% of its weight in S&P 500 names and PNQI has 75%, so ARKW differs more from the index.
- Which is cheaper, ARKW or PNQI?
- ARKW charges 0.76% a year and PNQI charges 0.60%, so PNQI 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, ARKW against PNQI, data as of Sep 18, 2026. https://etfiq.com/compare/themes/arkw-vs-pnqi Free to use with attribution; the underlying files are at Open data.