Data as of .
FDTX vs FRWD: which is really different?
FDTX and FRWD hold 37% of their weight in the same names.
ETFIQ Off-Index Score: FDTX 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
37% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, FDTX and FRWD hold 37% of their money in the same securities at the same weight.
| Holding | FDTX | FRWD |
|---|---|---|
| TAIWAN SEMICONDUCTOR MFG CO LTD | 6.02% | 6.33% |
| MICRON TECHNOLOGY INC | 9.40% | 5.16% |
| NVIDIA CORP | 4.64% | 8.12% |
| SEAGATE TECHNOLOGY HOLDINGS PLC | 4.06% | 7.77% |
| WESTERN DIGITAL CORP | 4.01% | 5.05% |
| ALPHABET INC | 3.67% | 3.22% |
| AMAZON.COM INC | 4.02% | 2.82% |
| MICROSOFT CORP | 3.80% | 2.82% |
| SHOPIFY INC | 2.90% | 1.94% |
| CELESTICA INC | 1.08% | 2.69% |
| BROADCOM INC | 0.79% | 4.67% |
| Only in FDTX | Only in FRWD |
|---|---|
| MARVELL TECHNOLOGY INC 8.09% | Advanced Micro Devices, Inc. 7.83% |
| MEDIATEK INC 4.62% | Lam Research Corp. 6.67% |
| COHERENT CORP 3.76% | ASML Holding NV 5.09% |
| PALO ALTO NETWORKS INC 3.68% | Samsung Electronics Co. Ltd. 4.15% |
| PALANTIR TECHNOLOGIES INC 2.88% | Texas Instruments, Inc. 3.78% |
| META PLATFORMS INC 2.85% | DoorDash, Inc. 3.31% |
| DATADOG INC 2.44% | Netflix, Inc. 3.28% |
| BE SEMICONDUCTOR INDUSTRIES NV 2.26% | Space Exploration Technologies Corp. 2.50% |
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 | |||
|---|---|---|---|---|---|---|
| FDTX | FRWD | FDTX | FRWD | FDTX | FRWD | |
| 3 months | −3.8% | −8.0% | −6.1 pts | −10.2 pts | −1.4 pts | −5.5 pts |
| 6 months | +48.4% | +36.3% | +30.4 pts | +18.3 pts | +24.2 pts | +12.1 pts |
| 1 year | +37.2% | not published | +20.7 pts | not published | +15.5 pts | not published |
| 3 years | +129.7% | not published | +51.3 pts | not published | +31.5 pts | not published |
| Since launch | +118.3% | +27.3% | +35.0 pts | +16.6 pts | +14.5 pts | +11.8 pts |
| FDTX Fidelity Disruptive Technology ETF Holds 39 stocks in broad innovation and megatrends, 71% 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 | 71.1% | 70.1% |
| Active share vs the S&P 500 | 75.4% | 74.3% |
| In the Nasdaq-100 | 65.8% | 77.7% |
| Holdings | 39 | 25 |
| Top ten, share of the fund | 52.4% | 60.8% |
| Expense ratio | 0.50% | 0.65% |
| Fee for the differing part | 0.66% | 0.87% |
| Total return, 1 year | +37.2% | +27.3% (since launch on Jan 13, 2026) |
| vs the S&P 500 | +20.7 pts | +16.6 pts |
| vs the Nasdaq-100 | +15.5 pts | +11.8 pts |
| Below its high | −4.5% | −8.0% |
| Net assets | $288m | $285m |
FDTX in plain words
By weight, 71% of FDTX's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 75%. The top ten holdings are 52% of the fund across 39 positions, as filed for May 31, 2026. Over the year to Sep 18, 2026 the fund returned +37.2% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 20.7 pts.
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 FDTX and FRWD hold the same stocks?
- By their latest filings, 37% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, FDTX or FRWD?
- FDTX has 71% of its weight in S&P 500 names and FRWD has 70%, so FDTX differs more from the index.
- Which is cheaper, FDTX or FRWD?
- FDTX charges 0.50% a year and FRWD charges 0.65%, so FDTX 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, FDTX against FRWD, data as of Sep 18, 2026. https://etfiq.com/compare/themes/fdtx-vs-frwd Free to use with attribution; the underlying files are at Open data.