Do FMED and THMZ hold the same stocks?

By their latest filings, 6% 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, FMED or THMZ?

FMED has 22% of its weight in S&P 500 names and THMZ has 54%, so FMED differs more from the index.

Which is cheaper, FMED or THMZ?

FMED and THMZ both charge 0.50% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

FMED vs THMZ: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, FMED returned +27.4% to THMZ's +6.1%; 6% of their weight is in the same names.

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Net assets: $52m on Sep 30, 2026 for Fidelity Disruptive Medicine ETF, and $54m on Jun 30, 2026 for Lazard Equity Megatrends ETF.

FMED on its own →THMZ on its own →

At a glance

21.8%

FMED in the S&P 500

53.9%

THMZ in the S&P 500

+27.4%

FMED total return, 1 year

+6.1%

THMZ total return, 1 year

FMED · 1 year to Nov 4, 2026 78% of its weight is outside the S&P 500

22% of FMED's weight is in S&P 500 companies and 78% is outside the index. Holdings as of Aug 31, 2026.

THMZ · 1 year to Nov 4, 2026 46% of its weight is outside the S&P 500

54% of THMZ's weight is in S&P 500 companies and 46% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

Both cost 0.50% a year; their one-year returns differ by 21.3 points.

Points (pts) are percentage points.

FMED vs THMZ: Holdings Overlap & Returns
Measure	FMED	THMZ
Return
Measure	FMED	THMZ
Total return, 1 year	+27.4%	+6.1%
Against its benchmark
Measure	FMED	THMZ
What it tracks	Broad innovation and megatrends	Broad innovation and megatrends
Its benchmark, total return, 1 year		+15.0%
Against its benchmark, 1 year		behind by 8.9 pts
Cost and size
Measure	FMED	THMZ
Expense ratio	0.50%	0.50%
Net assets, FMED as of Sep 30, 2026 and THMZ as of Jun 30, 2026	$52m	$54m
Holdings
Measure	FMED	THMZ
Holdings in common	6%

Method

Risk and return

Apr 17, 2025 to Oct 30, 2026 · 80 weekly returns

FMED THMZ

Return

Total return edge FMED +44.4% +29.1%

Annualized edge FMED +27.0% +18.1%

Price return edge FMED +44.4% +28.2%

Risk

Volatility edge THMZ 21.5% 15.9%

Max drawdown edge THMZ −18.1% −15.6%

Risk-adjusted

Sharpe edge FMED 1.03 0.87

Sortino edge FMED 1.85 1.49

Calmar edge FMED 1.50 1.16

Reading

From Apr 2025 to Oct 2026, FMED returned more: +44.4% to +29.1%. THMZ swung less: 15.9% to 21.5%. THMZ fell less at its worst: −15.6% to −18.1%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: FMED vs THMZ: Holdings Overlap & Returns
Measure	FMED	THMZ	Edge	How it is measured
Return
Total return	+44.4%	+29.1%	FMED	Price change plus distributions, reinvested.
Annualized	+27.0%	+18.1%	FMED	Total return as a yearly rate.
Price return	+44.4%	+28.2%	FMED	Price change alone, distributions left out.
Risk
Volatility	21.5%	15.9%	THMZ	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	12.0%	9.3%	THMZ	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−18.1%	−15.6%	THMZ	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	1.03	0.87	FMED	Return above Treasury bills per unit of volatility.
Sortino	1.85	1.49	FMED	Return above Treasury bills per unit of downside deviation.
Calmar	1.50	1.16	FMED	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 80 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, FMED and THMZ hold 6% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

50%

0 half 100%

half

6% in common

Positions both hold · largest shared weight first FMED THMZ

THERMO FISHER SCIENTIFIC INC 3.83% 1.90%

DANAHER CORP 3.73% 1.88%

ELI LILLY and CO 0.89% 1.75%

ARGENX SE 3.20% 0.71%

BOSTON SCIENTIFIC CORP 1.14% 0.45%

Only in one fund ↓

Only in FMED

10X GENOMICS INC 5.19%

NATERA INC 3.30%

LIFESTANCE HEALTH GROUP INC 3.00%

REVOLUTION MEDICINES INC 2.87%

ILLUMINA INC 2.82%

MODERNA INC 2.72%

HEARTFLOW INC 2.59%

SARTORIUS STEDIM BIOTECH 2.56%

Only in THMZ

Taiwan Semiconductor Manufacturing Co Ltd 6.07%

Applied Materials Inc 5.54%

Alphabet Inc 3.54%

Amazon.com Inc 3.50%

Microsoft Corp 2.77%

NVIDIA Corp 2.76%

Mitsubishi Electric Corp 2.72%

Keysight Technologies Inc 2.59%

Check overlap with more funds →

Window by window

Window by window: FMED vs THMZ: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	FMED	THMZ	FMED	THMZ
3 months	+14.9%	−2.0%	not measured	−0.7 pts vs ACWI
6 months	+31.2%	+2.8%	not measured	+0.2 pts vs ACWI
1 year	+27.4%	+6.1%	not measured	−8.9 pts vs ACWI
3 years	+57.8%	–	not measured	–
Since launchNot the same days: FMED Jun 2023 · THMZ Apr 2025	+31.7%	+38.4%	not measured	−16.1 pts vs ACWI

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

Side by side

FMED Fidelity Disruptive Medicine ETF · Holds 72 stocks in broad innovation and megatrends, 22% of its weight in S&P 500 companies THMZ Lazard Equity Megatrends ETF · Holds 59 stocks in broad innovation and megatrends, 54% of its weight in S&P 500 companies

Issuer Fidelity Lazard

Theme Broad innovation and megatrends Broad innovation and megatrends

In the S&P 500 21.8% 53.9%

Active share vs the S&P 500 97.5% 73.5%

In the Nasdaq-100 5.1% 29.5%

Holdings 72 59

Top ten, share of the fund 33.2% 34.3%

Expense ratio 0.50% 0.50%

Fee for the differing part 0.51% 0.68%

Total return, 1 year +27.4% +6.1%

vs its benchmark not measured −8.9 pts vs ACWI

Below its high −0.9% −2.6%

Net assets, FMED as of Sep 30, 2026 and THMZ as of Jun 30, 2026 $52m $54m

As of Nov 4, 2026. Source: ETFIQ.

6% of the two portfolios are the same securities at the same weight.

Client brief:

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About each fund

FMED

By weight, 22% of FMED's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 33% of the fund across 72 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +27.4% with distributions reinvested.

THMZ

By weight, 54% of THMZ'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 34% of the fund across 59 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned +6.1% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was behind by 8.9 pts.

Questions people ask

Do FMED and THMZ hold the same stocks?: By their latest filings, 6% 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, FMED or THMZ?: FMED has 22% of its weight in S&P 500 names and THMZ has 54%, so FMED differs more from the index.
Which is cheaper, FMED or THMZ?: FMED and THMZ both charge 0.50% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

FMED vs ABOT FMED vs XDAT FMED vs QQQJ FMED vs TEKY THMZ vs TNXT THMZ vs TMAT THMZ vs BULD THMZ vs ABOT

Where to next

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

Sources and dates

FMED filings on SEC EDGAR ↗

FMED prospectus with the expense ratio (SEC) ↗

Fidelity website ↗

THMZ filings on SEC EDGAR ↗

THMZ prospectus with the expense ratio (SEC) ↗

Lazard website ↗

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, FMED against THMZ, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fmed-vs-thmz

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