Do FOTO and LAZR hold the same stocks?

By their latest filings, 22% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, FOTO or LAZR?

FOTO has 34% of its weight in S&P 500 names and LAZR has 20%, so FOTO differs more from the index.

Which is cheaper, FOTO or LAZR?

FOTO charges 0.75% a year and LAZR charges 0.75%, so FOTO is cheaper. Fees come from each fund's prospectus.

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FOTO vs LAZR: which is really different?

FOTO and LAZR hold 22% of their weight in the same names. Tuttle Capital Pure Play Photonics ETF and Tema Optical & Photonics ETF.

33.6%

FOTO in the S&P 500

20.4%

LAZR in the S&P 500

−26.3%

FOTO total return, since launch

−12.1%

LAZR total return, since launch

FOTO · 3 months to Sep 30, 202666% of its weight is outside the S&P 500

34% of FOTO's weight is in S&P 500 companies and 66% is outside the index

LAZR · 3 months to Sep 30, 202680% of its weight is outside the S&P 500

20% of LAZR's weight is in S&P 500 companies and 80% is outside the index

ETFIQ Off-Index Score · FOTO scores higherHow much of it is not the index it is sold as an alternative to?

FOTO 74.4

LAZR 74.4

0.1, the lowest in this set92.0, the highest

A percentile among the 375 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, FOTO and LAZR hold 22% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 30, 2026.

50%

half

22% in common

Positions both hold, largest shared weight first

Holding FOTO LAZR

LUMENTUM HOLDINGS INC. 13.80% 16.38%

APPLIED OPTOELECTRONICS, INC. 8.46% 4.17%

Coherent Corp. 8.93% 2.56%

Only in FOTO

IPG PHOTONICS CORPORATION 15.13%

CIENA CORPORATION 10.82%

nLIGHT Inc 8.96%

VIAVI SOLUTIONS INC. 7.45%

FABRINET 7.11%

MKS, INCORPORATED. 5.68%

POET Technologies Inc 4.07%

NOVANTA INC. 3.39%

Only in LAZR

ANTHROPIC SPV EXPOSURE 11.48%

AXT INC 10.56%

AIXTRON SE 7.92%

LANDMARK OPTOELECTRONICS CORP 4.99%

YUANJIE SEMICONDUCTOR TECHNOLOGY CO LTD 4.85%

FURUKAWA ELECTRIC CO LTD 3.85%

AEHR TEST SYSTEMS 3.70%

TOWER SEMICONDUCTOR LTD 3.61%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

22% of the two portfolios are the same securities at the same weight.

Performance, window by window

	Total return		vs the S&P 500		vs the Nasdaq-100
Window	FOTO	LAZR	FOTO	LAZR	FOTO	LAZR
3 months	−20.6%	−6.4%	−23.1 pts	−8.9 pts	−22.7 pts	−8.5 pts
Since launch FOTO May 2026 · LAZR Jun 2026	−26.3%	−12.1%	−27.6 pts	−14.5 pts	−26.7 pts	−12.7 pts

FOTO and LAZR over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

FOTO

Tuttle Capital Pure Play Photonics ETF · Holds 14 stocks in photonics and optics, 34% of its weight in S&P 500 companies

LAZR

Tema Optical & Photonics ETF · Holds 25 stocks in photonics and optics, 20% of its weight in S&P 500 companies

Issuer Tuttle Tema

Theme Photonics and optics Photonics and optics

In the S&P 500 33.6% 20.4%

Active share vs the S&P 500 99.7% 99.7%

In the Nasdaq-100 13.8% 16.4%

Holdings 14 25

Top ten, share of the fund 90.4% 71.5%

Expense ratio 0.75% 0.75%

Fee for the differing part 0.75% 0.75%

Total return, 1 year −26.3% (since launch on May 29, 2026) −12.1% (since launch on Jun 30, 2026)

vs the S&P 500 −27.6 pts −14.5 pts

vs the Nasdaq-100 −26.7 pts −12.7 pts

Below its high −34.2% −12.1%

Net assets $167m $110m

FOTO and LAZR on the same fields, as of Sep 30, 2026. Source: ETFIQ.

FOTO in plain words

By weight, 34% of FOTO'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 90% of the fund across 14 positions, as filed for Jun 30, 2026. Since it launched on May 29, 2026 the fund returned −26.3% with distributions reinvested against +1.3% for the S&P 500, so a holder was behind by 27.6 pts. It sits 34.2% below its all-time high of Jun 2, 2026.

LAZR in plain words

By weight, 20% of LAZR'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 72% of the fund across 25 positions, as published by its issuer for Sep 30, 2026. Since it launched on Jun 30, 2026 the fund returned −12.1% with distributions reinvested against +2.4% for the S&P 500, so a holder was behind by 14.5 pts. It sits 12.1% below its all-time high of Jun 30, 2026.

Questions people ask

Do FOTO and LAZR hold the same stocks?: By their latest filings, 22% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, FOTO or LAZR?: FOTO has 34% of its weight in S&P 500 names and LAZR has 20%, so FOTO differs more from the index.
Which is cheaper, FOTO or LAZR?: FOTO charges 0.75% a year and LAZR charges 0.75%, so FOTO is cheaper. Fees come from each fund's prospectus.

Other comparisons

FOTO on its own →LAZR on its own →How every figure is computed →Standards and sources →

Where these figures came from

FOTO filings on SEC EDGAR ↗FOTO prospectus with the expense ratio (SEC) ↗Tuttle website ↗LAZR filings on SEC EDGAR ↗LAZR prospectus with the expense ratio (SEC) ↗Tema page for LAZR ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, FOTO against LAZR, data as of Sep 30, 2026. https://etfiq.com/compare/themes/foto-vs-lazr

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.