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Data as of Nov 4, 2026.

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Thematic ETFs

FDCF vs LENS: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, FDCF returned +1.2% to LENS's +28.3%; 0% of their weight is in the same names.

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Net assets: $103m on Sep 30, 2026 for Fidelity Disruptive Communications ETF, and $67m on Aug 31, 2026 for Sarmaya Thematic ETF.

FDCF on its own →LENS on its own →
At a glance
51.4%
FDCF in the S&P 500
16.0%
LENS in the S&P 500
+1.2%
FDCF total return, 1 year
+28.3%
LENS total return, 1 year
FDCF · 1 year to Nov 4, 2026 49% of its weight is outside the S&P 500
49% of its weight is outside the S&P 50051% of FDCF's weight is in S&P 500 companies and 49% is outside the index. Holdings as of Aug 31, 2026.51%49%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 80% · top ten 54% of the fund · 37 holdings as filed for Aug 31, 2026 · Nasdaq-100: 45% in49% of its weight is outside the S&P 50051% of FDCF's weight is in S&P 500 companies and 49% is outside the index. Holdings as of Aug 31, 2026.51%49%in the S&P 500outsideactive share 80% · Nasdaq-100: 45% in

51% of FDCF's weight is in S&P 500 companies and 49% is outside the index. Holdings as of Aug 31, 2026.

LENS · 1 year to Nov 4, 2026 84% of its weight is outside the S&P 500
84% of its weight is outside the S&P 50016% of LENS's weight is in S&P 500 companies and 84% is outside the index. Holdings as of Aug 31, 2026.16%84%in the S&P 500of its weight outside the S&P 500active share 99% · top ten 40% of the fund · 45 holdings as filed for Aug 31, 2026 · Nasdaq-100: 2% in84% of its weight is outside the S&P 50016% of LENS's weight is in S&P 500 companies and 84% is outside the index. Holdings as of Aug 31, 2026.16%84%inof its weight outside the S&P 500active share 99% · Nasdaq-100: 2% in

16% of LENS's weight is in S&P 500 companies and 84% is outside the index. Holdings as of Aug 31, 2026.

Pair scorecard

FDCF costs 0.29 points a year less; their one-year returns differ by 27.1 points; FDCF is 1.5 times larger.

Points (pts) are percentage points.

FDCF vs LENS: Holdings Overlap & Returns
MeasureFDCFLENS
Return
Total return, 1 year+1.2%+28.3%
Drawdown
Below its all-time high7.2%, high on Oct 6, 202617.6%, high on Feb 27, 2026
Against its benchmark
What it tracksBroad innovation and megatrendsBroad innovation and megatrends
Its benchmark, total return, 1 year+14.3%
Against its benchmark, 1 yearahead by 14.0 pts
Cost and size
Expense ratio0.50%0.79%
Net assets, as of Aug 31, 2026$101m$67m
Holdings
Holdings in common0%

Method

What they share

0%

By the books each fund has filed, FDCF and LENS hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first FDCF LENS
Only in one fund ↓
Only in FDCF
TAIWAN SEMICONDUCTOR MFG CO LTD 10.18%
ALPHABET INC 7.89%
ARISTA NETWORKS INC 6.84%
NVIDIA CORP 5.85%
META PLATFORMS INC 5.59%
AMAZON.COM INC 5.20%
SEA LTD 3.43%
TWILIO INC 3.23%
Only in LENS
SPDR Gold MiniShares Trust 8.14%
iShares Gold Trust Micro 5.23%
Chevron Corp 4.38%
ExxonMobil Holdings Corp 4.30%
Kinross Gold Corp 3.70%
iShares Silver Trust 3.41%
Agnico Eagle Mines Ltd 3.09%
Gold Fields Ltd 3.05%
Check overlap with more funds →

Window by window

Window by window: FDCF vs LENS: Holdings Overlap & Returns
Total returnvs its benchmark
WindowFDCFLENSFDCFLENS
3 months−1.9%−0.5%not measured−0.3 pts vs BKLC
6 months−1.2%−7.8%not measured−12.7 pts vs BKLC
1 year+1.2%+28.3%not measured+14.0 pts vs BKLC
3 years+91.2%–not measured–
Since launchNot the same days: FDCF Jun 2023 · LENS Jan 2025+94.2%+68.9%not measured+39.1 pts vs BKLC

– means no data for this window. Open this comparison in the app →

Side by side

FDCF Fidelity Disruptive Communications ETF · Holds 37 stocks in broad innovation and megatrends, 51% of its weight in S&P 500 companies LENS Sarmaya Thematic ETF · Holds 45 stocks in broad innovation and megatrends, 16% of its weight in S&P 500 companies
Issuer Fidelity Sarmaya
Theme Broad innovation and megatrends Broad innovation and megatrends
In the S&P 500 51.4% 16.0%
Active share vs the S&P 500 79.6% 98.9%
In the Nasdaq-100 44.7% 1.6%
Holdings 37 45
Top ten, share of the fund 53.9% 40.3%
Expense ratio 0.50% 0.79%
Fee for the differing part 0.63% 0.80%
Total return, 1 year +1.2% +28.3%
vs its benchmark not measured +14.0 pts vs BKLC
Below its high −7.2% −17.6%
Net assets, FDCF as of Sep 30, 2026 and LENS as of Aug 31, 2026 $103m $67m

As of Nov 4, 2026. Source: ETFIQ.

0% of the two portfolios are the same securities at the same weight.

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About each fund
FDCF

By weight, 51% of FDCF's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 80%. The top ten holdings are 54% of the fund across 37 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +1.2% with distributions reinvested. It sits 7.2% below its all-time high of Oct 6, 2026.

LENS

By weight, 16% of LENS's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 40% of the fund across 45 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +28.3% with distributions reinvested against +14.3% for its benchmark, the Solactive GBS United States 500 Index, so a holder was ahead by 14.0 pts. It sits 17.6% below its all-time high of Feb 27, 2026.

Questions people ask

Do FDCF and LENS hold the same stocks?
By their latest filings, 0% 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, FDCF or LENS?
FDCF has 51% of its weight in S&P 500 names and LENS has 16%, so LENS differs more from the index.
Which is cheaper, FDCF or LENS?
FDCF charges 0.50% a year and LENS charges 0.79%, so FDCF is cheaper. Fees come from each fund's prospectus.
Other comparisons
FDCF vs HTECFDCF vs TEKYFDCF vs THMZFDCF vs ILDRLENS vs TMATLENS vs QQQJLENS vs XTLENS vs LFSC
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →FDCF on its own →LENS on its own →FDCF dividend history →FDCF holdings →LENS dividend history →LENS holdings →Method →Standards and sources →
Sources and dates
FDCF filings on SEC EDGAR ↗
FDCF prospectus with the expense ratio (SEC) ↗
Fidelity website ↗
LENS filings on SEC EDGAR ↗
LENS prospectus with the expense ratio (SEC) ↗
Sarmaya page for LENS ↗

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.

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ETFIQ, FDCF against LENS, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fdcf-vs-lens

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