Do EMQQ and PNQI hold the same stocks?

By their latest filings, 7% 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 PNQI?

EMQQ has 0% of its weight in S&P 500 names and PNQI has 76%, so EMQQ differs more from the index.

Which is cheaper, EMQQ or PNQI?

EMQQ charges 0.86% a year and PNQI charges 0.60%, so PNQI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

EMQQ vs PNQI: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, EMQQ returned −27.7% to PNQI's −5.8%; 7% 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 $514m on Nov 3, 2026 for Invesco NASDAQ Internet ETF.

EMQQ on its own →PNQI on its own →

At a glance

0.0%

EMQQ in the S&P 500

75.9%

PNQI in the S&P 500

−27.7%

EMQQ total return, 1 year

−5.8%

PNQI total return, 1 year

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

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

PNQI · 1 year to Nov 4, 2026 24% of its weight is outside the S&P 500

76% of PNQI's weight is in S&P 500 companies and 24% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

PNQI costs 0.26 points a year less; their one-year returns differ by 21.9 points.

EMQQ vs PNQI: Holdings Overlap & Returns
Measure	EMQQ	PNQI
Return
Measure	EMQQ	PNQI
Total return, 1 year	−27.7%	−5.8%
Drawdown
Measure	EMQQ	PNQI
Below its all-time high	59.4%, high on Feb 17, 2021	9.3%, high on Sep 19, 2025
Benchmark
Measure	EMQQ	PNQI
What it tracks	Internet and e-commerce	Internet and e-commerce
Cost and size
Measure	EMQQ	PNQI
Expense ratio	0.86%	0.60%
Net assets, EMQQ as of Aug 31, 2026 and PNQI as of Nov 3, 2026	$259m	$514m
Holdings
Measure	EMQQ	PNQI
Holdings in common	7%

Method

Risk and return

Nov 21, 2014 to Oct 30, 2026 · 623 weekly returns

EMQQ PNQI

Return

Total return edge PNQI +24.6% +261.7%

Annualized edge PNQI +1.9% +11.3%

Price return edge PNQI +14.2% +261.5%

Risk

Volatility edge PNQI 28.3% 23.9%

Max drawdown edge PNQI −71.8% −58.8%

Risk-adjusted

Sharpe edge PNQI 0.13 0.48

Sortino edge PNQI 0.19 0.71

Calmar edge PNQI 0.03 0.19

Reading

From Nov 2014 to Oct 2026, PNQI returned more: +261.7% to +24.6%. PNQI swung less: 23.9% to 28.3%. PNQI fell less at its worst: −58.8% to −71.8%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: EMQQ vs PNQI: Holdings Overlap & Returns
Measure	EMQQ	PNQI	Edge	How it is measured
Return
Total return	+24.6%	+261.7%	PNQI	Price change plus distributions, reinvested.
Annualized	+1.9%	+11.3%	PNQI	Total return as a yearly rate.
Price return	+14.2%	+261.5%	PNQI	Price change alone, distributions left out.
Risk
Volatility	28.3%	23.9%	PNQI	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	19.5%	16.2%	PNQI	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−71.8%	−58.8%	PNQI	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.13	0.48	PNQI	Return above Treasury bills per unit of volatility.
Sortino	0.19	0.71	PNQI	Return above Treasury bills per unit of downside deviation.
Calmar	0.03	0.19	PNQI	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 623 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, EMQQ and PNQI hold 7% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

7% in common

Positions both hold · largest shared weight first EMQQ PNQI

MercadoLibre, Inc. 8.75% 2.31%

Alibaba Group Holding Limited 6.00% 1.43%

SEA LIMITED 7.58% 0.92%

COUPANG, INC. 2.49% 0.68%

JD.COM, INC. 3.02% 0.35%

GRAB HOLDINGS LIMITED 1.09% 0.34%

TRIP.COM GROUP LIMITED 2.21% 0.31%

NETEASE, INC. 3.26% 0.25%

BAIDU, INC. 2.04% 0.20%

VIPSHOP HOLDINGS LIMITED 0.40% 0.15%

MakeMyTrip Limited 0.52% 0.11%

BILIBILI INC. 0.37% 0.04%

Only in one fund ↓

Only in EMQQ

RELIANCE INDUSTRIES LIMITED 7.39%

Tencent Holdings Limited 6.74%

Nu Holdings Ltd. 6.38%

PDD Holdings Inc. 6.31%

MEITUAN 4.13%

BAJAJ FINANCE LIMITED 3.64%

Eternal Limited 3.16%

NASPERS LIMITED 2.84%

Only in PNQI

Meta Platforms Inc 9.17%

Apple Inc 8.85%

Microsoft Corp 8.68%

Amazon.com Inc 8.15%

Alphabet Inc 7.01%

Walt Disney Co 4.49%

Shopify Inc 4.08%

Uber Technologies Inc 3.72%

Check overlap with more funds →

Window by window

Window by window: EMQQ vs PNQI: Holdings Overlap & Returns
	Total return
Window	EMQQ	PNQI
3 months	−10.8%	+1.8%
6 months	−11.0%	+5.4%
1 year	−27.7%	−5.8%
3 years	+10.3%	+62.5%
Since launchNot the same days: EMQQ Nov 2014 · PNQI Jun 2008	+30.9%	+957.1%

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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 PNQI Invesco NASDAQ Internet ETF · Holds 79 stocks in internet and e-commerce, 76% of its weight in S&P 500 companies

Issuer EMQQ Global Invesco

Theme Internet and e-commerce Internet and e-commerce

In the S&P 500 0.0% 75.9%

Active share vs the S&P 500 100.0% 78.9%

In the Nasdaq-100 15.1% 65.4%

Holdings 56 79

Top ten, share of the fund 60.2% 61.2%

Expense ratio 0.86% 0.60%

Fee for the differing part 0.86% 0.76%

Total return, 1 year −27.7% −5.8%

vs its benchmark not measured not measured

Below its high −59.4% −9.3%

Net assets, EMQQ as of Aug 31, 2026 and PNQI as of Nov 3, 2026 $259m $514m

As of Nov 4, 2026. Source: ETFIQ.

7% of the two portfolios are the same securities at the same weight.

Client brief:

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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.

PNQI

By weight, 76% 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 61% of the fund across 79 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −5.8% with distributions reinvested. It sits 9.3% below its all-time high of Sep 19, 2025.

Questions people ask

Do EMQQ and PNQI hold the same stocks?: By their latest filings, 7% 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 PNQI?: EMQQ has 0% of its weight in S&P 500 names and PNQI has 76%, so EMQQ differs more from the index.
Which is cheaper, EMQQ or PNQI?: EMQQ charges 0.86% a year and PNQI charges 0.60%, so PNQI is cheaper. Fees come from each fund's prospectus.

Other comparisons

EMQQ vs ARKW EMQQ vs IBUY EMQQ vs OGIG EMQQ vs SOCL PNQI vs SOCL PNQI vs IBUY PNQI vs INQQ PNQI vs FDNI

Where to next

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

Sources and dates

EMQQ filings on SEC EDGAR ↗

EMQQ prospectus with the expense ratio (SEC) ↗

EMQQ Global website ↗

PNQI filings on SEC EDGAR ↗

PNQI prospectus with the expense ratio (SEC) ↗

Invesco page for PNQI ↗

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, EMQQ against PNQI, data as of Nov 4, 2026. https://etfiq.com/compare/themes/emqq-vs-pnqi

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