Data as of .
FRWD vs GTEK: which is really different?
FRWD and GTEK hold 5% of their weight in the same names.
ETFIQ Off-Index Score: GTEK scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 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
5% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, FRWD and GTEK hold 5% of their money in the same securities at the same weight.
| Holding | FRWD | GTEK |
|---|---|---|
| Cadence Design Systems, Inc. | 1.83% | 2.43% |
| DoorDash, Inc. | 3.31% | 1.32% |
| Shopify, Inc. | 1.94% | 0.76% |
| Spotify Technology SA | 2.39% | 0.74% |
| MercadoLibre, Inc. | 2.32% | 0.65% |
| Only in FRWD | Only in GTEK |
|---|---|
| NVIDIA Corp. 8.12% | MEDIATEK INC 5.20% |
| Advanced Micro Devices, Inc. 7.83% | DELTA ELECTRONICS INC 4.39% |
| Seagate Technology Holdings plc 7.77% | MARVELL TECHNOLOGY INC 3.35% |
| Lam Research Corp. 6.67% | DELL TECHNOLOGIES INC 3.10% |
| Taiwan Semiconductor Manufacturing Co. L 6.33% | INFINEON TECHNOLOGIES AG 3.03% |
| Micron Technology, Inc. 5.16% | CHROMA ATE INC 2.71% |
| ASML Holding NV 5.09% | SK SQUARE CO LTD 2.65% |
| Western Digital Corp. 5.05% | ELITE MATERIAL COMPANY LTD 2.52% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and May 31, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| FRWD | GTEK | FRWD | GTEK | FRWD | GTEK | |
| 3 months | −8.0% | −8.4% | −10.2 pts | −10.7 pts | −5.5 pts | −5.9 pts |
| 6 months | +36.3% | +38.8% | +18.3 pts | +20.8 pts | +12.1 pts | +14.6 pts |
| 1 year | not published | +43.6% | not published | +27.1 pts | not published | +21.9 pts |
| 3 years | not published | +135.6% | not published | +57.2 pts | not published | +37.5 pts |
| Since launch | +27.3% | +40.4% | +16.6 pts | −42.3 pts | +11.8 pts | −56.0 pts |
| 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 62 stocks in broad innovation and megatrends, 34% 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 | 70.1% | 33.5% |
| Active share vs the S&P 500 | 74.3% | 96.4% |
| In the Nasdaq-100 | 77.7% | 18.4% |
| Holdings | 25 | 62 |
| Top ten, share of the fund | 60.8% | 31.8% |
| Expense ratio | 0.65% | 0.75% |
| Fee for the differing part | 0.87% | 0.78% |
| Total return, 1 year | +27.3% (since launch on Jan 13, 2026) | +43.6% |
| vs the S&P 500 | +16.6 pts | +27.1 pts |
| vs the Nasdaq-100 | +11.8 pts | +21.9 pts |
| Below its high | −8.0% | −9.7% |
| Net assets | $285m | $233m |
FRWD in plain words
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 launched on Jan 13, 2026 the fund returned +27.3% with distributions reinvested against +10.7% for the S&P 500, so a holder was ahead by 16.6 pts. It sits 8.0% below its all-time high of Jun 18, 2026.
GTEK in plain words
By weight, 34% 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 32% of the fund across 62 positions, as filed for May 31, 2026. Over the year to Sep 18, 2026 the fund returned +43.6% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 27.1 pts. It sits 9.7% below its all-time high of Jun 30, 2026.
Questions people ask
- Do FRWD and GTEK hold the same stocks?
- By their latest filings, 5% of their books are the same securities at the same weight, which is mostly different names. 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 34%, 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
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, FRWD against GTEK, data as of Sep 18, 2026. https://etfiq.com/compare/themes/frwd-vs-gtek Free to use with attribution; the underlying files are at Open data.