Do FMQQ and ISHP 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, FMQQ or ISHP?

FMQQ has 0% of its weight in S&P 500 names and ISHP has 41%, so FMQQ differs more from the index.

Which is cheaper, FMQQ or ISHP?

FMQQ charges 0.86% a year and ISHP charges 0.60%, so ISHP is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

FMQQ vs ISHP: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, FMQQ returned −18.5% to ISHP's −6.8%; 6% of their weight is in the same names.

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Net assets: $22m on Aug 31, 2026 for FMQQ The Next Frontier Internet ETF, and $5.3m on Nov 3, 2026 for First Trust S-Network E-Commerce ETF.

FMQQ on its own →ISHP on its own →

At a glance

0.0%

FMQQ in the S&P 500

40.6%

ISHP in the S&P 500

−18.5%

FMQQ total return, 1 year

−6.8%

ISHP 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.

ISHP · 1 year to Nov 4, 2026 59% of its weight is outside the S&P 500

41% of ISHP's weight is in S&P 500 companies and 59% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

ISHP costs 0.26 points a year less; their one-year returns differ by 11.7 points.

Points (pts) are percentage points.

FMQQ vs ISHP: Holdings Overlap & Returns
Measure	FMQQ	ISHP
Return
Measure	FMQQ	ISHP
Total return, 1 year	−18.5%	−6.8%
Drawdown
Measure	FMQQ	ISHP
Below its all-time high	53.3%, high on Oct 19, 2021	13.7%, high on Sep 18, 2025
Against its benchmark
Measure	FMQQ	ISHP
What it tracks	Internet and e-commerce	Internet and e-commerce
Its benchmark, total return, 1 year		+15.0%
Against its benchmark, 1 year		behind by 21.8 pts
Cost and size
Measure	FMQQ	ISHP
Expense ratio	0.86%	0.60%
Net assets, FMQQ as of Aug 31, 2026 and ISHP as of Nov 3, 2026	$22m	$5.3m
Holdings
Measure	FMQQ	ISHP
Holdings in common	6%

Method

What they share

By the books each fund has filed, FMQQ and ISHP hold 6% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

6% in common

Positions both hold · largest shared weight first FMQQ ISHP

Allegro.eu SA 5.05% 1.86%

COUPANG, INC. 2.73% 1.60%

NAVER Corporation 2.97% 1.49%

MercadoLibre, Inc. 7.74% 1.45%

Only in one fund ↓

Only in FMQQ

SEA LIMITED 7.94%

RELIANCE INDUSTRIES LIMITED 6.98%

Nu Holdings Ltd. 6.51%

BAJAJ FINANCE LIMITED 6.30%

Eternal Limited 5.32%

Joint Stock Company Kaspi.kz 4.73%

GRAB HOLDINGS LIMITED 4.07%

JIO FINANCIAL SERVICES LIMITED 4.05%

Only in ISHP

Fiserv, Inc. 2.06%

Scout24 SE 1.94%

Global Payments Inc. 1.92%

United Parcel Service, Inc. (Class B) 1.88%

lululemon athletica inc. 1.87%

Autotrader Group Plc 1.84%

JD Health International Inc. 1.84%

CAR Group Limited 1.83%

Check overlap with more funds →

Window by window

Window by window: FMQQ vs ISHP: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	FMQQ	ISHP	FMQQ	ISHP
3 months	−6.7%	+0.4%	not measured	+1.7 pts vs ACWI
6 months	−2.2%	+3.8%	not measured	+1.2 pts vs ACWI
1 year	−18.5%	−6.8%	not measured	−21.8 pts vs ACWI
3 years	+16.6%	+48.4%	not measured	−29.2 pts vs ACWI
Since launchNot the same days: FMQQ Sep 2021 · ISHP Oct 2016	−51.7%	+105.0%	not measured	−122.5 pts vs ACWI

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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 ISHP First Trust S-Network E-Commerce ETF · Holds 60 stocks in internet and e-commerce, 41% of its weight in S&P 500 companies

Issuer EMQQ Global First Trust

Theme Internet and e-commerce Internet and e-commerce

In the S&P 500 0.0% 40.6%

Active share vs the S&P 500 100.0% 93.3%

In the Nasdaq-100 7.6% 19.0%

Holdings 37 60

Top ten, share of the fund 58.7% 18.9%

Expense ratio 0.86% 0.60%

Fee for the differing part 0.86% 0.64%

Total return, 1 year −18.5% −6.8%

vs its benchmark not measured −21.8 pts vs ACWI

Below its high −53.3% −13.7%

Net assets, FMQQ as of Aug 31, 2026 and ISHP as of Nov 3, 2026 $22m $5.3m

As of Nov 4, 2026. Source: ETFIQ.

6% 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.

ISHP

By weight, 41% of ISHP's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 93%. The top ten holdings are 19% of the fund across 60 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −6.8% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was behind by 21.8 pts. It sits 13.7% below its all-time high of Sep 18, 2025.

Questions people ask

Do FMQQ and ISHP 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, FMQQ or ISHP?: FMQQ has 0% of its weight in S&P 500 names and ISHP has 41%, so FMQQ differs more from the index.
Which is cheaper, FMQQ or ISHP?: FMQQ charges 0.86% a year and ISHP charges 0.60%, so ISHP is cheaper. Fees come from each fund's prospectus.

Other comparisons

FMQQ vs INQQ FMQQ vs OGIG FMQQ vs IBUY FMQQ vs EMQQ ISHP vs ONLN ISHP vs SOCL ISHP vs OGIG ISHP vs PNQI

Where to next

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

Sources and dates

FMQQ filings on SEC EDGAR ↗

FMQQ prospectus with the expense ratio (SEC) ↗

EMQQ Global website ↗

ISHP filings on SEC EDGAR ↗

ISHP prospectus with the expense ratio (SEC) ↗

First Trust page for ISHP ↗

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 ISHP, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fmqq-vs-ishp

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