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Data as of Nov 4, 2026.

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Thematic ETFs

BULD vs FRWD: Holdings Overlap & Returns

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BULD and FRWD hold 12% of their weight in the same names.

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Net assets: $8.6m on Nov 3, 2026 for Pacer BlueStar Engineering the Future ETF, and $285m on Jun 30, 2026 for Nomura Transformational Technologies ETF.

BULD on its own →FRWD on its own →
At a glance
36.4%
BULD in the S&P 500
69.9%
FRWD in the S&P 500
+23.8%
BULD total return, 1 year
+15.0%
FRWD total return, since launch, Jan 13, 2026
BULD · 1 year to Nov 4, 2026 64% of its weight is outside the S&P 500
64% of its weight is outside the S&P 50036% of BULD's weight is in S&P 500 companies and 64% is outside the index. Holdings as of Jul 31, 2026.36%64%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 97% · top ten 64% of the fund · 60 holdings as filed for Jul 31, 2026 · Nasdaq-100: 37% in64% of its weight is outside the S&P 50036% of BULD's weight is in S&P 500 companies and 64% is outside the index. Holdings as of Jul 31, 2026.36%64%inoutside the S&P 500active share 97% · Nasdaq-100: 37% in

36% of BULD's weight is in S&P 500 companies and 64% is outside the index. Holdings as of Jul 31, 2026.

FRWD · 6 months to Nov 4, 2026 30% of its weight is outside the S&P 500
30% of its weight is outside the S&P 50070% of FRWD's weight is in S&P 500 companies and 30% is outside the index. Holdings as of Jun 30, 2026.70%30%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 74% · top ten 61% of the fund · 25 holdings as filed for Jun 30, 2026 · Nasdaq-100: 80% in30% of its weight is outside the S&P 50070% of FRWD's weight is in S&P 500 companies and 30% is outside the index. Holdings as of Jun 30, 2026.70%30%in the S&P 500outsideactive share 74% · Nasdaq-100: 80% in

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

BULD costs 0.16 points a year less.

BULD vs FRWD: Holdings Overlap & Returns
MeasureBULDFRWD
Return
Total return, 1 year+23.8%not published
Drawdown
Below its all-time high14.4%, high on Jun 30, 202616.9%, high on Jun 18, 2026
Benchmark
What it tracksBroad innovation and megatrendsBroad innovation and megatrends
Cost and size
Expense ratio0.49%0.65%
Net assets, BULD as of Nov 3, 2026 and FRWD as of Jun 30, 2026$8.6m$285m
Holdings
Holdings in common12%

Method

What they share

12%

By the books each fund has filed, BULD and FRWD hold 12% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

0 half 100%

half

12% in common

Positions both hold · largest shared weight first BULD FRWD
Lam Research Corp 7.08% 6.64%
ASML Holding NV 7.66% 5.07%
Only in one fund ↓
Only in BULD
Autodesk Inc 8.62%
Proto Labs Inc 8.28%
Applied Materials Inc 7.99%
Dassault Systemes SE 7.08%
Nano Dimension Ltd 4.52%
PTC Inc 4.47%
Stratasys Ltd 4.23%
3D Systems Corp 4.18%
Only in FRWD
NVIDIA Corp. 8.09%
Advanced Micro Devices, Inc. 7.80%
Seagate Technology Holdings plc 7.74%
Taiwan Semiconductor Manufacturing Co. Ltd. 6.30%
Micron Technology, Inc. 5.14%
Western Digital Corp. 5.04%
Broadcom, Inc. 4.65%
Samsung Electronics Co. Ltd. 4.14%
Check overlap with more funds →

Window by window

Window by window: BULD vs FRWD: Holdings Overlap & Returns
Total return
WindowBULDFRWD
3 months−9.7%−10.7%
6 months+0.8%−5.2%
1 year+23.8%–
3 years+76.7%–
Since launchNot the same days: BULD May 2022 · FRWD Jan 2026+67.9%+15.0%

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Side by side

BULD Pacer BlueStar Engineering the Future ETF · Holds 60 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 Pacer Nomura
Theme Broad innovation and megatrends Broad innovation and megatrends
In the S&P 500 36.4% 69.9%
Active share vs the S&P 500 97.3% 74.4%
In the Nasdaq-100 36.5% 79.9%
Holdings 60 25
Top ten, share of the fund 64.1% 60.6%
Expense ratio 0.49% 0.65%
Fee for the differing part 0.50% 0.87%
Total return, 1 year +23.8% +15.0% (since launch, Jan 13, 2026)
vs its benchmark not measured not measured
Below its high −14.4% −16.9%
Net assets, BULD as of Nov 3, 2026 and FRWD as of Jun 30, 2026 $8.6m $285m

As of Nov 4, 2026. Source: ETFIQ.

12% of the two portfolios are the same securities at the same weight.

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About each fund
BULD

By weight, 36% of BULD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 97%. The top ten holdings are 64% of the fund across 60 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +23.8% with distributions reinvested. It sits 14.4% below its all-time high of Jun 30, 2026.

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 BULD and FRWD hold the same stocks?
By their latest filings, 12% 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, BULD or FRWD?
BULD has 36% of its weight in S&P 500 names and FRWD has 70%, so BULD differs more from the index.
Which is cheaper, BULD or FRWD?
BULD charges 0.49% a year and FRWD charges 0.65%, so BULD is cheaper. Fees come from each fund's prospectus.
Other comparisons
BULD vs ILDRBULD vs FITEBULD vs QQQJBULD vs FMEDFRWD vs INVNFRWD vs GXDWFRWD vs BUYZFRWD vs DTRE
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →BULD on its own →FRWD on its own →BULD dividend history →BULD holdings →FRWD holdings →Method →Standards and sources →
Sources and dates
BULD filings on SEC EDGAR ↗
BULD prospectus with the expense ratio (SEC) ↗
Pacer website ↗
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, BULD against FRWD, data as of Nov 4, 2026. https://etfiq.com/compare/themes/buld-vs-frwd

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