{"url":"https://etfiq.com/compare/themes/disk-vs-hbmx","section":"compare","title":"DISK vs HBMX: which is really different? | ETFIQ","description":"32.8% of DISK and 29.9% of HBMX is already in the S&P 500 by weight, as filed, and 21% of the two books are the same names at the same weight.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Do DISK and HBMX hold the same stocks?","acceptedAnswer":{"@type":"Answer","text":"By their latest filings, 21% 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."}},{"@type":"Question","name":"Which is more different from the S&P 500, DISK or HBMX?","acceptedAnswer":{"@type":"Answer","text":"DISK has 33% of its weight in S&P 500 names and HBMX has 30%, so DISK differs more from the index."}},{"@type":"Question","name":"Which is cheaper, DISK or HBMX?","acceptedAnswer":{"@type":"Answer","text":"DISK charges 0.75% a year and HBMX charges 0.95%, so DISK is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Thematic ETFs","item":"https://etfiq.com/themes/"},{"@type":"ListItem","position":3,"name":"DISK vs HBMX","item":"https://etfiq.com/compare/themes/disk-vs-hbmx"}]},{"@type":"WebPage","name":"DISK vs HBMX: which is really different?","description":"32.8% of DISK and 29.9% of HBMX is already in the S&P 500 by weight, as filed, and 21% of the two books are the same names at the same weight. Returns and overlap to Sep 30, 2026.","url":"https://etfiq.com/compare/themes/disk-vs-hbmx","dateModified":"2026-09-30","abstract":"DISK and HBMX hold 21% of their weight in the same names.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of DISK and HBMX","description":"32.8% of DISK and 29.9% of HBMX is already in the S&P 500 by weight, as filed, and 21% of the two books are the same names at the same weight. Returns and overlap to Sep 30, 2026.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/themes/disk-vs-hbmx","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/thematic.json"}],"variableMeasured":["Weight overlap with the S&P 500","Active share","Holdings","Top ten share of the fund","Total return","Fee for the differing part","Expense ratio"],"keywords":["exchange-traded funds","ETF","Thematic ETFs","fund data","SEC filings"]}],"characters":6626,"truncated":true,"content":"ETFIQ / Thematic ETFs / Head to head / DISK vs HBMX \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n DISK vs HBMX: which is really different?\n\n DISK and HBMX hold 21% of their weight in the same names.\n Copy this for sharing \n \n Tema Memory ETF and Tuttle Capital Concentrated Memory Stack ETF.\n\n Download as PDF \n\n 32.8% DISK in the S&P 500 \n 29.9% HBMX in the S&P 500 \n \u221222.7% DISK total return, since launch \n \u22126.4% HBMX total return, since launch \n\n ETFIQ Off-Index Score: DISK scores higher\n How much of it is not the index it is sold as an alternative to?\n [DISK scores 3","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/themes/disk-vs-hbmx","a":{"ticker":"DISK","name":"Tema Memory ETF","issuer":"Tema","desk":"themes","as_of":"2026-09-30","verdict":"DISK holds 17 stocks, and 67% of its weight is outside the S&P 500.","url":"https://etfiq.com/funds/disk","key_facts":[{"label":"Already in the S&P 500","value":"32.8%","as_of":"2026-09-30","source":null},{"label":"Active share vs the S&P 500","value":"96.8%","as_of":"2026-09-30","source":null},{"label":"Top ten holdings","value":"84.2%","as_of":"2026-09-30","source":null},{"label":"Total return, since launch","value":"\u221222.7%","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$88m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.75%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 29, 2026"}]},"b":{"ticker":"HBMX","name":"Tuttle Capital Concentrated Memory Stack ETF","issuer":"Tuttle","desk":"themes","as_of":"2026-09-30","verdict":"HBMX holds 23 stocks, and 70% of its weight is outside the S&P 500.","url":"https://etfiq.com/funds/hbmx","key_facts":[{"label":"Already in the S&P 500","value":"29.9%","as_of":"2026-09-30","source":null},{"label":"Active share vs the S&P 500","value":"94.4%","as_of":"2026-09-30","source":null},{"label":"Top ten holdings","value":"60.9%","as_of":"2026-09-30","source":null},{"label":"Total return, since launch","value":"\u22126.4%","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$27m","as_of":"2026-09-30","source":"SEC filing, whole fund, as filed for Jul 31, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, May 29, 2026"}]},"overlap_pct":21,"full_text_at":"https://etfiq.com/compare/themes/disk-vs-hbmx"}