Do FRWD and GTEK hold the same stocks?

By their latest filings, 7% 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, FRWD or GTEK?

FRWD has 70% of its weight in S&P 500 names and GTEK has 33%, so GTEK differs more from the index.

Which is cheaper, FRWD or GTEK?

FRWD charges 0.65% a year and GTEK charges 0.75%, so FRWD is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

FRWD vs GTEK: Holdings Overlap & Returns

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FRWD and GTEK hold 7% of their weight in the same names.

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askIQ about FRWD and GTEK

Net assets: $285m on Jun 30, 2026 for Nomura Transformational Technologies ETF, and $209m on Nov 3, 2026 for Goldman Sachs Future Tech Leaders Equity ETF.

FRWD on its own →GTEK on its own →

At a glance

69.9%

FRWD in the S&P 500

33.0%

GTEK in the S&P 500

+15.0%

FRWD total return, since launch, Jan 13, 2026

+24.1%

GTEK total return, 1 year

FRWD · 6 months to Nov 4, 2026 30% of its weight is outside the S&P 500

70% of FRWD's weight is in S&P 500 companies and 30% is outside the index. Holdings as of Jun 30, 2026.

GTEK · 1 year to Nov 4, 2026 67% of its weight is outside the S&P 500

33% of GTEK's weight is in S&P 500 companies and 67% is outside the index. Holdings as of Aug 31, 2026.

Pair scorecard

FRWD costs 0.10 points a year less.

Points (pts) are percentage points.

FRWD vs GTEK: Holdings Overlap & Returns
Measure	FRWD	GTEK
Return
Measure	FRWD	GTEK
Total return, 1 year	not published	+24.1%
Drawdown
Measure	FRWD	GTEK
Below its all-time high	16.9%, high on Jun 18, 2026	20.5%, high on Jun 30, 2026
Against its benchmark
Measure	FRWD	GTEK
What it tracks	Broad innovation and megatrends	Broad innovation and megatrends
Against its benchmark, 1 year		ahead by 9.1 pts
Cost and size
Measure	FRWD	GTEK
Expense ratio	0.65%	0.75%
Net assets, FRWD as of Jun 30, 2026 and GTEK as of Nov 3, 2026	$285m	$209m
Active share vs the S&P 500	74%	96%
Holdings
Measure	FRWD	GTEK
Holdings in common	7%

Method

Risk and return

Jan 23, 2026 to Oct 30, 2026 · 40 weekly returns

FRWD GTEK

Return

Total return edge GTEK +14.5% +21.0%

Price return edge GTEK +14.5% +21.0%

Risk

Max drawdown edge FRWD (slight) −15.9% −17.7%

Reading

From Jan 2026 to Oct 2026, GTEK returned more: +21.0% to +14.5%. FRWD fell slightly less at its worst: −15.9% to −17.7%.

Full scorecard

3 measures, with how each is measured Open ↓

Risk and return: FRWD vs GTEK: Holdings Overlap & Returns
Measure	FRWD	GTEK	Edge	How it is measured
Return
Total return	+14.5%	+21.0%	GTEK	Price change plus distributions, reinvested.
Price return	+14.5%	+21.0%	GTEK	Price change alone, distributions left out.
Risk
Max drawdown	−15.9%	−17.7%	FRWD (slight)	Deepest fall from a high to the low after it.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 40 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, FRWD and GTEK hold 7% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

50%

0 half 100%

half

7% in common

Positions both hold · largest shared weight first FRWD GTEK

DoorDash, Inc. 3.29% 1.98%

Cadence Design Systems, Inc. 1.82% 2.27%

Spotify Technology SA 2.38% 1.44%

Shopify, Inc. 1.94% 0.97%

MercadoLibre, Inc. 2.31% 0.77%

Only in one fund ↓

Only in FRWD

NVIDIA Corp. 8.09%

Advanced Micro Devices, Inc. 7.80%

Seagate Technology Holdings plc 7.74%

Lam Research Corp. 6.64%

Taiwan Semiconductor Manufacturing Co. Ltd. 6.30%

Micron Technology, Inc. 5.14%

ASML Holding NV 5.07%

Western Digital Corp. 5.04%

Only in GTEK

MARVELL TECHNOLOGY INC 3.57%

JENTECH PRECISION INDUSTRIAL CO LTD 3.52%

CLOUDFLARE INC 3.32%

MEDIATEK INC 2.97%

ELITE MATERIAL COMPANY LTD 2.97%

ASE TECHNOLOGY HOLDING CO LTD 2.80%

DELTA ELECTRONICS INC 2.73%

SNOWFLAKE INC 2.60%

Check overlap with more funds →

Window by window

Window by window: FRWD vs GTEK: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	FRWD	GTEK	FRWD	GTEK
3 months	−10.7%	−13.0%	not measured	−11.7 pts vs ACWI
6 months	−5.2%	−8.9%	not measured	−11.5 pts vs ACWI
1 year	–	+24.1%	–	+9.1 pts vs ACWI
3 years	–	+112.7%	–	+35.1 pts vs ACWI
Since launchNot the same days: FRWD Jan 2026 · GTEK Sep 2021	+15.0%	+23.6%	not measured	−43.0 pts vs ACWI

– means no data for this window. Open this comparison in the app →

Side by side

FRWD Nomura Transformational Technologies ETF · Holds 25 stocks in broad innovation and megatrends, 70% of its weight in S&P 500 companies GTEK Goldman Sachs Future Tech Leaders Equity ETF · Holds 60 stocks in broad innovation and megatrends, 33% of its weight in S&P 500 companies

Issuer Nomura Goldman Sachs

Theme Broad innovation and megatrends Broad innovation and megatrends

In the S&P 500 69.9% 33.0%

Active share vs the S&P 500 74.4% 96.5%

In the Nasdaq-100 79.9% 20.9%

Holdings 25 60

Top ten, share of the fund 60.6% 29.5%

Expense ratio 0.65% 0.75%

Fee for the differing part 0.87% 0.78%

Total return, 1 year +15.0% (since launch, Jan 13, 2026) +24.1%

vs its benchmark not measured +9.1 pts vs ACWI

Below its high −16.9% −20.5%

Net assets, FRWD as of Jun 30, 2026 and GTEK as of Nov 3, 2026 $285m $209m

As of Nov 4, 2026. Source: ETFIQ.

7% of the two portfolios are the same securities at the same weight.

Client brief

No client brief for this pair: ETFIQ prints no one-year total return for FRWD.

Alert

About each fund

FRWD

By weight, 70% of FRWD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 74%. The top ten holdings are 61% of the fund across 25 positions, as filed for Jun 30, 2026. Since it first traded on Jan 13, 2026 the fund returned +15.0% with distributions reinvested. It sits 16.9% below its all-time high of Jun 18, 2026.

GTEK

By weight, 33% of GTEK'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 30% of the fund across 60 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +24.1% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 9.1 pts. It sits 20.5% below its all-time high of Jun 30, 2026.

Questions people ask

Do FRWD and GTEK hold the same stocks?: By their latest filings, 7% 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, FRWD or GTEK?: FRWD has 70% of its weight in S&P 500 names and GTEK has 33%, so GTEK differs more from the index.
Which is cheaper, FRWD or GTEK?: FRWD charges 0.65% a year and GTEK charges 0.75%, so FRWD is cheaper. Fees come from each fund's prospectus.

Other comparisons

FRWD vs TMAT FRWD vs ILDR FRWD vs LFSC FRWD vs AOTG GTEK vs ARKK GTEK vs ILDR GTEK vs TMAT GTEK vs LFSC

Where to next

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

Sources and dates

FRWD filings on SEC EDGAR ↗

FRWD prospectus with the expense ratio (SEC) ↗

Nomura website ↗

GTEK filings on SEC EDGAR ↗

GTEK prospectus with the expense ratio (SEC) ↗

Goldman Sachs 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, FRWD against GTEK, data as of Nov 4, 2026. https://etfiq.com/compare/themes/frwd-vs-gtek

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