Data as of Nov 4, 2026.

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Thematic ETFs

EMQQ vs ISHP: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, EMQQ returned −27.7% to ISHP's −6.8%; 18% of their weight is in the same names.

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Net assets: $259m on Aug 31, 2026 for EMQQ The Emerging Markets Internet ETF, and $5.3m on Nov 3, 2026 for First Trust S-Network E-Commerce ETF.

At a glance
0.0%
EMQQ in the S&P 500
40.6%
ISHP in the S&P 500
−27.7%
EMQQ total return, 1 year
−6.8%
ISHP total return, 1 year
EMQQ · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500
100% of its weight is outside the S&P 5000% of EMQQ's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Aug 31, 2026.0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 60% of the fund · 56 holdings as filed for Aug 31, 2026 · Nasdaq-100: 15% in100% of its weight is outside the S&P 5000% of EMQQ's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Aug 31, 2026.0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · Nasdaq-100: 15% in

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

ISHP · 1 year to Nov 4, 2026 59% of its weight is outside the S&P 500
59% of its weight is outside the S&P 50041% of ISHP's weight is in S&P 500 companies and 59% is outside the index. Holdings as of Nov 3, 2026.41%59%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 93% · top ten 19% of the fund · 60 holdings as published by its issuer for Nov 3, 2026 · Nasdaq-100: 19% in59% of its weight is outside the S&P 50041% of ISHP's weight is in S&P 500 companies and 59% is outside the index. Holdings as of Nov 3, 2026.41%59%in the S&P 500outside the S&P 500active share 93% · Nasdaq-100: 19% in

41% of ISHP's weight is in S&P 500 companies and 59% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

ISHP costs 0.26 points a year less; their one-year returns differ by 20.9 points.

Points (pts) are percentage points.

EMQQ vs ISHP: Holdings Overlap & Returns
MeasureEMQQISHP
Return
Total return, 1 year−27.7%−6.8%
Drawdown
Below its all-time high59.4%, high on Feb 17, 202113.7%, high on Sep 18, 2025
Against its benchmark
What it tracksInternet and e-commerceInternet and e-commerce
Its benchmark, total return, 1 year+15.0%
Against its benchmark, 1 yearbehind by 21.8 pts
Cost and size
Expense ratio0.86%0.60%
Net assets, EMQQ as of Aug 31, 2026 and ISHP as of Nov 3, 2026$259m$5.3m
Holdings
Holdings in common18%

Method

What they share

18%

By the books each fund has filed, EMQQ and ISHP hold 18% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.

0 half 100%

half

18% in common

Positions both hold · largest shared weight first EMQQ ISHP
TRIP.COM GROUP LIMITED 2.21% 1.77%
MEITUAN 4.13% 1.73%
PDD Holdings Inc. 6.31% 1.66%
JD.COM, INC. 3.02% 1.62%
COUPANG, INC. 2.49% 1.60%
Alibaba Group Holding Limited 6.00% 1.54%
BAIDU, INC. 2.04% 1.49%
NAVER Corporation 2.71% 1.49%
MercadoLibre, Inc. 8.75% 1.45%
Allegro.eu SA 1.16% 1.86%
KE Holdings Inc. 0.98% 1.67%
KUAISHOU TECHNOLOGY 0.93% 1.56%
Only in one fund ↓
Only in EMQQ
SEA LIMITED 7.58%
RELIANCE INDUSTRIES LIMITED 7.39%
Tencent Holdings Limited 6.74%
Nu Holdings Ltd. 6.38%
BAJAJ FINANCE LIMITED 3.64%
NETEASE, INC. 3.26%
Eternal Limited 3.16%
NASPERS LIMITED 2.84%
Only in ISHP
Fiserv, Inc. 2.06%
Scout24 SE 1.94%
Global Payments Inc. 1.92%
United Parcel Service, Inc. (Class B) 1.88%
lululemon athletica inc. 1.87%
Autotrader Group Plc 1.84%
CAR Group Limited 1.83%
Carvana Co. (Class A) 1.83%
Check overlap with more funds →

Window by window

Window by window: EMQQ vs ISHP: Holdings Overlap & Returns
Total returnvs its benchmark
WindowEMQQISHPEMQQISHP
3 months−10.8%+0.4%not measured+1.7 pts vs ACWI
6 months−11.0%+3.8%not measured+1.2 pts vs ACWI
1 year−27.7%−6.8%not measured−21.8 pts vs ACWI
3 years+10.3%+48.4%not measured−29.2 pts vs ACWI
Since launchNot the same days: EMQQ Nov 2014 · ISHP Oct 2016+30.9%+105.0%not measured−122.5 pts vs ACWI

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Side by side

EMQQ EMQQ The Emerging Markets Internet ETF · Holds 56 stocks in internet and e-commerce, 0% of its weight in S&P 500 companies ISHP First Trust S-Network E-Commerce ETF · Holds 60 stocks in internet and e-commerce, 41% of its weight in S&P 500 companies
Theme Internet and e-commerce Internet and e-commerce
In the S&P 500 0.0% 40.6%
Active share vs the S&P 500 100.0% 93.3%
In the Nasdaq-100 15.1% 19.0%
Holdings 56 60
Top ten, share of the fund 60.2% 18.9%
Expense ratio 0.86% 0.60%
Fee for the differing part 0.86% 0.64%
Total return, 1 year −27.7% −6.8%
vs its benchmark not measured −21.8 pts vs ACWI
Below its high −59.4% −13.7%
Net assets, EMQQ as of Aug 31, 2026 and ISHP as of Nov 3, 2026 $259m $5.3m

As of Nov 4, 2026. Source: ETFIQ.

18% of the two portfolios are the same securities at the same weight.

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About each fund
EMQQ

By weight, 0% of EMQQ'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 60% of the fund across 56 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned −27.7% with distributions reinvested. It sits 59.4% below its all-time high of Feb 17, 2021.

ISHP

By weight, 41% of ISHP's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 93%. The top ten holdings are 19% of the fund across 60 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −6.8% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was behind by 21.8 pts. It sits 13.7% below its all-time high of Sep 18, 2025.

Questions people ask

Do EMQQ and ISHP hold the same stocks?
By their latest filings, 18% 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, EMQQ or ISHP?
EMQQ has 0% of its weight in S&P 500 names and ISHP has 41%, so EMQQ differs more from the index.
Which is cheaper, EMQQ or ISHP?
EMQQ charges 0.86% a year and ISHP charges 0.60%, so ISHP is cheaper. Fees come from each fund's prospectus.
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ETFIQ, EMQQ against ISHP, data as of Nov 4, 2026. https://etfiq.com/compare/themes/emqq-vs-ishp

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