Data as of .
FDFF vs FRWD: which is really different?
FDFF and FRWD hold 1% of their weight in the same names.
ETFIQ Off-Index Score: FDFF scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
1% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, FDFF and FRWD hold 1% of their money in the same securities at the same weight.
| Holding | FDFF | FRWD |
|---|---|---|
| MERCADOLIBRE INC | 0.79% | 2.32% |
| Only in FDFF | Only in FRWD |
|---|---|
| BLACKROCK INC 6.00% | NVIDIA Corp. 8.12% |
| DBS GROUP HOLDINGS LTD 5.82% | Advanced Micro Devices, Inc. 7.83% |
| CAPITAL ONE FINANCIAL CORP 5.43% | Seagate Technology Holdings plc 7.77% |
| BANKINTER SA 4.91% | Lam Research Corp. 6.67% |
| FINECOBANK SPA 4.52% | Taiwan Semiconductor Manufacturing Co. L 6.33% |
| APOLLO GLOBAL MANAGEMENT, INC 4.47% | Micron Technology, Inc. 5.16% |
| VISA INC 4.33% | ASML Holding NV 5.09% |
| BLOCK INC 4.17% | Western Digital Corp. 5.05% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and May 31, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| FDFF | FRWD | FDFF | FRWD | FDFF | FRWD | |
| 3 months | +8.2% | −8.0% | +5.9 pts | −10.2 pts | +10.6 pts | −5.5 pts |
| 6 months | +16.3% | +36.3% | −1.8 pts | +18.3 pts | −8.0 pts | +12.1 pts |
| 1 year | −4.9% | not published | −21.5 pts | not published | −26.7 pts | not published |
| 3 years | +41.4% | not published | −37.0 pts | not published | −56.7 pts | not published |
| Since launch | +45.6% | +27.3% | −37.8 pts | +16.6 pts | −58.3 pts | +11.8 pts |
| FDFF Fidelity Disruptive Finance ETF Holds 45 stocks in broad innovation and megatrends, 45% 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 | Fidelity | Nomura |
| Theme | Broad innovation and megatrends | Broad innovation and megatrends |
| In the S&P 500 | 45.1% | 70.1% |
| Active share vs the S&P 500 | 97.4% | 74.3% |
| In the Nasdaq-100 | 2.4% | 77.7% |
| Holdings | 45 | 25 |
| Top ten, share of the fund | 47.5% | 60.8% |
| Expense ratio | 0.50% | 0.65% |
| Fee for the differing part | 0.51% | 0.87% |
| Total return, 1 year | −4.9% | +27.3% (since launch on Jan 13, 2026) |
| vs the S&P 500 | −21.5 pts | +16.6 pts |
| vs the Nasdaq-100 | −26.7 pts | +11.8 pts |
| Below its high | −8.3% | −8.0% |
| Net assets | $47m | $285m |
FDFF in plain words
By weight, 45% of FDFF'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 48% of the fund across 45 positions, as filed for May 31, 2026. Over the year to Sep 18, 2026 the fund returned −4.9% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 21.5 pts. It sits 8.3% below its all-time high of Jan 30, 2025.
FRWD in plain words
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 launched on Jan 13, 2026 the fund returned +27.3% with distributions reinvested against +10.7% for the S&P 500, so a holder was ahead by 16.6 pts. It sits 8.0% below its all-time high of Jun 18, 2026.
Questions people ask
- Do FDFF and FRWD hold the same stocks?
- By their latest filings, 1% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, FDFF or FRWD?
- FDFF has 45% of its weight in S&P 500 names and FRWD has 70%, so FDFF differs more from the index.
- Which is cheaper, FDFF or FRWD?
- FDFF charges 0.50% a year and FRWD charges 0.65%, so FDFF is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, FDFF against FRWD, data as of Sep 18, 2026. https://etfiq.com/compare/themes/fdff-vs-frwd Free to use with attribution; the underlying files are at Open data.