Do FMQQ and INQQ hold the same stocks?

By their latest filings, 47% 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, FMQQ or INQQ?

FMQQ has 0% of its weight in S&P 500 names and INQQ has 0%, so FMQQ differs more from the index.

Which is cheaper, FMQQ or INQQ?

FMQQ and INQQ both charge 0.86% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

FMQQ vs INQQ: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, FMQQ returned −18.5% to INQQ's −12.7%; 47% of their weight is in the same names.

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Net assets on Aug 31, 2026: $22m for FMQQ The Next Frontier Internet ETF and $46m for INQQ The India Internet ETF.

FMQQ on its own →INQQ on its own →

At a glance

0.0%

FMQQ in the S&P 500

0.0%

INQQ in the S&P 500

−18.5%

FMQQ total return, 1 year

−12.7%

INQQ total return, 1 year

FMQQ · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500

0% of FMQQ's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Aug 31, 2026.

INQQ · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500

0% of INQQ's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Aug 31, 2026.

Pair scorecard

Both cost 0.86% a year; their one-year returns differ by 5.8 points; INQQ is 2.1 times larger.

FMQQ vs INQQ: Holdings Overlap & Returns
Measure	FMQQ	INQQ
Return
Measure	FMQQ	INQQ
Total return, 1 year	−18.5%	−12.7%
Drawdown
Measure	FMQQ	INQQ
Below its all-time high	53.3%, high on Oct 19, 2021	19.5%, high on Dec 11, 2024
Benchmark
Measure	FMQQ	INQQ
What it tracks	Internet and e-commerce	Internet and e-commerce
Cost and size
Measure	FMQQ	INQQ
Expense ratio	0.86%	0.86%
Net assets, as of Aug 31, 2026	$22m	$46m
Holdings
Measure	FMQQ	INQQ
Holdings in common	47%

Method

What they share

47%

By the books each fund has filed, FMQQ and INQQ hold 47% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026.

50%

0 half 100%

half

47% in common

Positions both hold · largest shared weight first FMQQ INQQ

RELIANCE INDUSTRIES LIMITED 6.98% 6.78%

BAJAJ FINANCE LIMITED 6.30% 7.65%

Eternal Limited 5.32% 8.03%

JIO FINANCIAL SERVICES LIMITED 4.05% 5.75%

PB Fintech Limited 3.52% 5.79%

ONE 97 COMMUNICATIONS LIMITED 3.01% 6.05%

Lenskart Solutions Ltd 2.73% 5.54%

SWIGGY LIMITED 2.58% 5.27%

INFO EDGE (INDIA) LIMITED 2.51% 5.20%

FSN E-COMMERCE VENTURES LIMITED 2.38% 5.25%

MakeMyTrip Limited 2.26% 4.92%

Meesho Limited 1.56% 4.42%

Only in one fund ↓

Only in FMQQ

SEA LIMITED 7.94%

MercadoLibre, Inc. 7.74%

Nu Holdings Ltd. 6.51%

Allegro.eu SA 5.05%

Joint Stock Company Kaspi.kz 4.73%

GRAB HOLDINGS LIMITED 4.07%

XP Inc. 3.78%

NAVER Corporation 2.97%

Only in INQQ

CarTrade Tech Limited 3.03%

URBAN COMPANY LIMITED 2.67%

Nazara Technologies Limited 2.09%

Honasa Consumer Ltd 1.51%

Go Digit General Insurance Limited 1.43%

Blackbuck Ltd 1.42%

IndiaMART InterMESH Limited 1.16%

Brainbees Solutions Limited 1.00%

Check overlap with more funds →

Window by window

Window by window: FMQQ vs INQQ: Holdings Overlap & Returns
	Total return
Window	FMQQ	INQQ
3 months	−6.7%	−2.0%
6 months	−2.2%	+4.0%
1 year	−18.5%	−12.7%
3 years	+16.6%	+11.3%
Since launchNot the same days: FMQQ Sep 2021 · INQQ Apr 2022	−51.7%	−13.1%

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Side by side

FMQQ FMQQ The Next Frontier Internet ETF · Holds 37 stocks in internet and e-commerce, 0% of its weight in S&P 500 companies INQQ INQQ The India Internet ETF · Holds 26 stocks in internet and e-commerce, 0% of its weight in S&P 500 companies

Issuer EMQQ Global EMQQ Global

Theme Internet and e-commerce Internet and e-commerce

In the S&P 500 0.0% 0.0%

Active share vs the S&P 500 100.0% 100.0%

In the Nasdaq-100 7.6% 0.0%

Holdings 37 26

Top ten, share of the fund 58.7% 61.3%

Expense ratio 0.86% 0.86%

Fee for the differing part 0.86% 0.86%

Total return, 1 year −18.5% −12.7%

vs its benchmark not measured not measured

Below its high −53.3% −19.5%

Net assets, as of Aug 31, 2026 $22m $46m

As of Nov 4, 2026. Source: ETFIQ.

47% of the two portfolios are the same securities at the same weight.

Alert

About each fund

FMQQ

By weight, 0% of FMQQ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 59% of the fund across 37 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned −18.5% with distributions reinvested. It sits 53.3% below its all-time high of Oct 19, 2021.

INQQ

By weight, 0% of INQQ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 61% of the fund across 26 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned −12.7% with distributions reinvested. It sits 19.5% below its all-time high of Dec 11, 2024.

Questions people ask

Do FMQQ and INQQ hold the same stocks?: By their latest filings, 47% 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, FMQQ or INQQ?: FMQQ has 0% of its weight in S&P 500 names and INQQ has 0%, so FMQQ differs more from the index.
Which is cheaper, FMQQ or INQQ?: FMQQ and INQQ both charge 0.86% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

FMQQ vs IBUY FMQQ vs ISHP FMQQ vs PNQI FMQQ vs ARKW INQQ vs ISHP INQQ vs OGIG INQQ vs KWEB INQQ vs ONLN

Where to next

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

Sources and dates

FMQQ and INQQ filings on SEC EDGAR ↗

FMQQ and INQQ prospectus with the expense ratio (SEC) ↗

EMQQ Global 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, FMQQ against INQQ, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fmqq-vs-inqq

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