Do FMQQ and ONLN hold the same stocks?

By their latest filings, 10% 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 ONLN?

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

Which is cheaper, FMQQ or ONLN?

FMQQ charges 0.86% a year and ONLN charges 0.58%, so ONLN is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

FMQQ vs ONLN: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, FMQQ returned −18.5% to ONLN's +3.2%; 10% 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 $61m on Nov 4, 2026 for ProShares Online Retail ETF.

FMQQ on its own →ONLN on its own →

At a glance

0.0%

FMQQ in the S&P 500

41.3%

ONLN in the S&P 500

−18.5%

FMQQ total return, 1 year

+3.2%

ONLN 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.

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

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

Pair scorecard

ONLN costs 0.28 points a year less; their one-year returns differ by 21.7 points.

FMQQ vs ONLN: Holdings Overlap & Returns
Measure	FMQQ	ONLN
Return
Measure	FMQQ	ONLN
Total return, 1 year	−18.5%	+3.2%
Drawdown
Measure	FMQQ	ONLN
Below its all-time high	53.3%, high on Oct 19, 2021	33.3%, high on Feb 12, 2021
Benchmark
Measure	FMQQ	ONLN
What it tracks	Internet and e-commerce	Internet and e-commerce
Cost and size
Measure	FMQQ	ONLN
Expense ratio	0.86%	0.58%
Net assets, FMQQ as of Aug 31, 2026 and ONLN as of Nov 4, 2026	$22m	$61m
Holdings
Measure	FMQQ	ONLN
Holdings in common	10%

Method

What they share

10%

By the books each fund has filed, FMQQ and ONLN hold 10% 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

10% in common

Positions both hold · largest shared weight first FMQQ ONLN

MercadoLibre, Inc. 7.74% 4.19%

SEA LIMITED 7.94% 3.10%

COUPANG, INC. 2.73% 3.93%

Only in one fund ↓

Only in FMQQ

RELIANCE INDUSTRIES LIMITED 6.98%

Nu Holdings Ltd. 6.51%

BAJAJ FINANCE LIMITED 6.30%

Eternal Limited 5.32%

Allegro.eu SA 5.05%

Joint Stock Company Kaspi.kz 4.73%

GRAB HOLDINGS LIMITED 4.07%

JIO FINANCIAL SERVICES LIMITED 4.05%

Only in ONLN

AMAZON.COM INC 23.35%

EBAY INC 8.83%

ALIBABA GROUP HOLDING-SP ADR 7.76%

CARVANA CO 5.32%

PDD HOLDINGS INC 5.17%

WILLIAMS-SONOMA INC 3.78%

REALREAL INC 3.30%

WAYFAIR INC- CLASS A 3.25%

Check overlap with more funds →

Window by window

Window by window: FMQQ vs ONLN: Holdings Overlap & Returns
	Total return
Window	FMQQ	ONLN
3 months	−6.7%	−0.5%
6 months	−2.2%	+1.1%
1 year	−18.5%	+3.2%
3 years	+16.6%	+96.3%
Since launchNot the same days: FMQQ Sep 2021 · ONLN Jul 2018	−51.7%	+55.7%

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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 ONLN ProShares Online Retail ETF · Holds 21 stocks in internet and e-commerce, 41% of its weight in S&P 500 companies

Issuer EMQQ Global ProShares

Theme Internet and e-commerce Internet and e-commerce

In the S&P 500 0.0% 41.3%

Active share vs the S&P 500 100.0% 96.2%

In the Nasdaq-100 7.6% 32.7%

Holdings 37 21

Top ten, share of the fund 58.7% 68.9%

Expense ratio 0.86% 0.58%

Fee for the differing part 0.86% 0.60%

Total return, 1 year −18.5% +3.2%

vs its benchmark not measured not measured

Below its high −53.3% −33.3%

Net assets, FMQQ as of Aug 31, 2026 and ONLN as of Nov 4, 2026 $22m $61m

As of Nov 4, 2026. Source: ETFIQ.

10% 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.

ONLN

By weight, 41% of ONLN's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 96%. The top ten holdings are 69% of the fund across 21 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +3.2% with distributions reinvested. It sits 33.3% below its all-time high of Feb 12, 2021.

Questions people ask

Do FMQQ and ONLN hold the same stocks?: By their latest filings, 10% 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 ONLN?: FMQQ has 0% of its weight in S&P 500 names and ONLN has 41%, so FMQQ differs more from the index.
Which is cheaper, FMQQ or ONLN?: FMQQ charges 0.86% a year and ONLN charges 0.58%, so ONLN is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

Where to next

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

Sources and dates

FMQQ filings on SEC EDGAR ↗

FMQQ prospectus with the expense ratio (SEC) ↗

EMQQ Global website ↗

ONLN filings on SEC EDGAR ↗

ONLN prospectus with the expense ratio (SEC) ↗

ProShares page for ONLN ↗

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

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