Do FMQQ and PNQI hold the same stocks?

By their latest filings, 4% 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 PNQI?

FMQQ has 0% of its weight in S&P 500 names and PNQI has 76%, so FMQQ differs more from the index.

Which is cheaper, FMQQ or PNQI?

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

Data as of Nov 4, 2026.

Thematic ETFs

FMQQ vs PNQI: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, FMQQ returned −18.5% to PNQI's −5.8%; 4% 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 $514m on Nov 3, 2026 for Invesco NASDAQ Internet ETF.

FMQQ on its own →PNQI on its own →

At a glance

0.0%

FMQQ in the S&P 500

75.9%

PNQI in the S&P 500

−18.5%

FMQQ total return, 1 year

−5.8%

PNQI 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.

PNQI · 1 year to Nov 4, 2026 24% of its weight is outside the S&P 500

76% of PNQI's weight is in S&P 500 companies and 24% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

PNQI costs 0.26 points a year less; their one-year returns differ by 12.7 points.

FMQQ vs PNQI: Holdings Overlap & Returns
Measure	FMQQ	PNQI
Return
Measure	FMQQ	PNQI
Total return, 1 year	−18.5%	−5.8%
Drawdown
Measure	FMQQ	PNQI
Below its all-time high	53.3%, high on Oct 19, 2021	9.3%, high on Sep 19, 2025
Benchmark
Measure	FMQQ	PNQI
What it tracks	Internet and e-commerce	Internet and e-commerce
Cost and size
Measure	FMQQ	PNQI
Expense ratio	0.86%	0.60%
Net assets, FMQQ as of Aug 31, 2026 and PNQI as of Nov 3, 2026	$22m	$514m
Holdings
Measure	FMQQ	PNQI
Holdings in common	4%

Method

What they share

By the books each fund has filed, FMQQ and PNQI hold 4% 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

4% in common

Positions both hold · largest shared weight first FMQQ PNQI

MercadoLibre, Inc. 7.74% 2.31%

SEA LIMITED 7.94% 0.92%

COUPANG, INC. 2.73% 0.68%

GRAB HOLDINGS LIMITED 4.07% 0.34%

MakeMyTrip Limited 2.26% 0.11%

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%

JIO FINANCIAL SERVICES LIMITED 4.05%

XP Inc. 3.78%

Only in PNQI

Meta Platforms Inc 9.17%

Apple Inc 8.85%

Microsoft Corp 8.68%

Amazon.com Inc 8.15%

Alphabet Inc 7.01%

Walt Disney Co 4.49%

Shopify Inc 4.08%

Uber Technologies Inc 3.72%

Check overlap with more funds →

Window by window

Window by window: FMQQ vs PNQI: Holdings Overlap & Returns
	Total return
Window	FMQQ	PNQI
3 months	−6.7%	+1.8%
6 months	−2.2%	+5.4%
1 year	−18.5%	−5.8%
3 years	+16.6%	+62.5%
Since launchNot the same days: FMQQ Sep 2021 · PNQI Jun 2008	−51.7%	+957.1%

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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 PNQI Invesco NASDAQ Internet ETF · Holds 79 stocks in internet and e-commerce, 76% of its weight in S&P 500 companies

Issuer EMQQ Global Invesco

Theme Internet and e-commerce Internet and e-commerce

In the S&P 500 0.0% 75.9%

Active share vs the S&P 500 100.0% 78.9%

In the Nasdaq-100 7.6% 65.4%

Holdings 37 79

Top ten, share of the fund 58.7% 61.2%

Expense ratio 0.86% 0.60%

Fee for the differing part 0.86% 0.76%

Total return, 1 year −18.5% −5.8%

vs its benchmark not measured not measured

Below its high −53.3% −9.3%

Net assets, FMQQ as of Aug 31, 2026 and PNQI as of Nov 3, 2026 $22m $514m

As of Nov 4, 2026. Source: ETFIQ.

4% 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.

PNQI

By weight, 76% of PNQI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 79%. The top ten holdings are 61% of the fund across 79 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −5.8% with distributions reinvested. It sits 9.3% below its all-time high of Sep 19, 2025.

Questions people ask

Do FMQQ and PNQI hold the same stocks?: By their latest filings, 4% 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 PNQI?: FMQQ has 0% of its weight in S&P 500 names and PNQI has 76%, so FMQQ differs more from the index.
Which is cheaper, FMQQ or PNQI?: FMQQ charges 0.86% a year and PNQI charges 0.60%, so PNQI is cheaper. Fees come from each fund's prospectus.

Other comparisons

FMQQ vs EMQQ FMQQ vs ARKW FMQQ vs IBUY FMQQ vs OGIG PNQI vs SOCL PNQI vs ISHP PNQI vs IBUY PNQI 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 →PNQI on its own →FMQQ dividend history →FMQQ holdings →PNQI dividend history →PNQI holdings →Method →Standards and sources →

Sources and dates

FMQQ filings on SEC EDGAR ↗

FMQQ prospectus with the expense ratio (SEC) ↗

EMQQ Global website ↗

PNQI filings on SEC EDGAR ↗

PNQI prospectus with the expense ratio (SEC) ↗

Invesco page for PNQI ↗

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

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