{"url":"https://etfiq.com/compare/themes/fdrv-vs-wats","section":"compare","title":"FDRV vs WATS: which is really different? | ETFIQ","description":"21.3% of FDRV and 28.9% of WATS is already in the S&P 500 by weight, as filed, and 7% 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 FDRV and WATS hold the same stocks?","acceptedAnswer":{"@type":"Answer","text":"By their latest filings, 7% 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."}},{"@type":"Question","name":"Which is more different from the S&P 500, FDRV or WATS?","acceptedAnswer":{"@type":"Answer","text":"FDRV has 21% of its weight in S&P 500 names and WATS has 29%, so WATS differs more from the index."}},{"@type":"Question","name":"Which is cheaper, FDRV or WATS?","acceptedAnswer":{"@type":"Answer","text":"FDRV charges 0.39% a year and WATS charges 0.35%, so WATS 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":"FDRV vs WATS","item":"https://etfiq.com/compare/themes/fdrv-vs-wats"}]},{"@type":"WebPage","name":"FDRV vs WATS: which is really different?","description":"21.3% of FDRV and 28.9% of WATS is already in the S&P 500 by weight, as filed, and 7% 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/fdrv-vs-wats","dateModified":"2026-09-30","abstract":"FDRV and WATS hold 7% 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 FDRV and WATS","description":"21.3% of FDRV and 28.9% of WATS is already in the S&P 500 by weight, as filed, and 7% 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/fdrv-vs-wats","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":6915,"truncated":true,"content":"ETFIQ / Thematic ETFs / Head to head / FDRV vs WATS \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n FDRV vs WATS: which is really different?\n\n FDRV and WATS hold 7% of their weight in the same names.\n Copy this for sharing \n \n Fidelity Electric Vehicles and Future Transportation ETF and Corgi Battery Energy Storage Systems ETF.\n\n Download as PDF \n\n 21.3% FDRV in the S&P 500 \n 28.9% WATS in the S&P 500 \n \u22128.2% FDRV total return, 1 year \n \u221224.9% WATS total return, since launch \n\n ETFIQ Off-Index Score: WATS scores higher\n How much of it is not the index it is sold as an a","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/fdrv-vs-wats","a":{"ticker":"FDRV","name":"Fidelity Electric Vehicles and Future Transportation ETF","issuer":"Fidelity","desk":"themes","as_of":"2026-09-30","verdict":"FDRV holds 50 stocks, and 79% of its weight is outside the S&P 500.","url":"https://etfiq.com/funds/fdrv","key_facts":[{"label":"Already in the S&P 500","value":"21.3%","as_of":"2026-09-30","source":null},{"label":"Active share vs the S&P 500","value":"97.4%","as_of":"2026-09-30","source":null},{"label":"Top ten holdings","value":"41.5%","as_of":"2026-09-30","source":null},{"label":"Total return, 1 year","value":"\u22128.2%","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$25m","as_of":"2026-09-30","source":"the issuer\u2019s own figure for this ETF, month end, as of Aug 31, 2026"},{"label":"Expense ratio","value":"0.39%","as_of":"2026-09-30","source":"485BPOS XBRL, Oct 27, 2025"}]},"b":{"ticker":"WATS","name":"Corgi Battery Energy Storage Systems ETF","issuer":"Corgi","desk":"themes","as_of":"2026-09-30","verdict":"WATS holds 24 stocks, and 71% of its weight is outside the S&P 500.","url":"https://etfiq.com/funds/wats","key_facts":[{"label":"Already in the S&P 500","value":"28.9%","as_of":"2026-09-30","source":null},{"label":"Active share vs the S&P 500","value":"98.1%","as_of":"2026-09-30","source":null},{"label":"Top ten holdings","value":"65.2%","as_of":"2026-09-30","source":null},{"label":"Total return, since launch","value":"\u221224.9%","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$496,218","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.35%","as_of":"2026-09-30","source":"485BPOS XBRL, Apr 30, 2026"}]},"overlap_pct":7,"full_text_at":"https://etfiq.com/compare/themes/fdrv-vs-wats"}