Do FRWD and GXDW hold the same stocks?

By their latest filings, 0% 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 GXDW?

FRWD has 70% of its weight in S&P 500 names and GXDW has 0%, so GXDW differs more from the index.

Which is cheaper, FRWD or GXDW?

FRWD charges 0.65% a year and GXDW charges 0.50%, so GXDW is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

FRWD vs GXDW: Holdings Overlap & Returns

Share on X Download as PDF

FRWD and GXDW hold 0% of their weight in the same names.

askIQ about this page

askIQ about FRWD and GXDW

Net assets: $285m on Jun 30, 2026 for Nomura Transformational Technologies ETF, and $6.0m on Oct 12, 2026 for Global X Dorsey Wright Thematic ETF.

FRWD on its own →GXDW on its own →

At a glance

69.9%

FRWD in the S&P 500

0.0%

GXDW in the S&P 500

+15.0%

FRWD total return, since launch, Jan 13, 2026

−13.8%

GXDW 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.

GXDW · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500

0% of GXDW's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Aug 31, 2026.

Pair scorecard

GXDW costs 0.15 points a year less.

FRWD vs GXDW: Holdings Overlap & Returns
Measure	FRWD	GXDW
Return
Measure	FRWD	GXDW
Total return, 1 year	not published	−13.8%
Drawdown
Measure	FRWD	GXDW
Below its all-time high	16.9%, high on Jun 18, 2026	61.7%, high on Feb 10, 2021
Benchmark
Measure	FRWD	GXDW
What it tracks	Broad innovation and megatrends	Broad innovation and megatrends
Cost and size
Measure	FRWD	GXDW
Expense ratio	0.65%	0.50%
Net assets, FRWD as of Jun 30, 2026 and GXDW as of Oct 12, 2026	$285m	$6.0m
Holdings
Measure	FRWD	GXDW
Holdings in common	0%

Method

What they share

By the books each fund has filed, FRWD and GXDW hold 0% 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

0% in common

Positions both hold · largest shared weight first FRWD GXDW

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 GXDW

Global X Cybersecurity ETF 21.19%

Global X Lithium & Battery Tech ETF 20.36%

Global X Artificial Intelligence & Technology ETF 20.15%

Global X Hydrogen ETF 19.58%

Global X Internet of Things ETF 18.70%

Check overlap with more funds →

Window by window

Window by window: FRWD vs GXDW: Holdings Overlap & Returns
	Total return
Window	FRWD	GXDW
3 months	−10.7%	−4.0%
6 months	−5.2%	−20.3%
1 year	–	−13.8%
3 years	–	+7.4%
Since launchNot the same days: FRWD Jan 2026 · GXDW Nov 2019	+15.0%	−3.6%

– 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 GXDW Global X Dorsey Wright Thematic ETF · Holds 5 stocks in broad innovation and megatrends, 0% of its weight in S&P 500 companies

Issuer Nomura Global X

Theme Broad innovation and megatrends Broad innovation and megatrends

In the S&P 500 69.9% 0.0%

Active share vs the S&P 500 74.4% 100.0%

In the Nasdaq-100 79.9% 0.0%

Holdings 25 5

Top ten, share of the fund 60.6% 100.0%

Expense ratio 0.65% 0.50%

Fee for the differing part 0.87% 0.50%

Total return, 1 year +15.0% (since launch, Jan 13, 2026) −13.8%

vs its benchmark not measured not measured

Below its high −16.9% −61.7%

Net assets, FRWD as of Jun 30, 2026 and GXDW as of Oct 12, 2026 $285m $6.0m

As of Nov 4, 2026. Source: ETFIQ.

0% of the two portfolios are the same securities at the same weight.

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.

GXDW

By weight, 0% of GXDW'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 100% of the fund across 5 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned −13.8% with distributions reinvested. It sits 61.7% below its all-time high of Feb 10, 2021.

Questions people ask

Do FRWD and GXDW hold the same stocks?: By their latest filings, 0% 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 GXDW?: FRWD has 70% of its weight in S&P 500 names and GXDW has 0%, so GXDW differs more from the index.
Which is cheaper, FRWD or GXDW?: FRWD charges 0.65% a year and GXDW charges 0.50%, so GXDW is cheaper. Fees come from each fund's prospectus.

Other comparisons

FRWD vs ABOT FRWD vs XDAT FRWD vs GDOC FRWD vs GTEK GXDW vs QQQJ GXDW vs XT GXDW vs ARKK GXDW vs INVN

Where to next

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

Sources and dates

FRWD filings on SEC EDGAR ↗

FRWD prospectus with the expense ratio (SEC) ↗

Nomura website ↗

GXDW filings on SEC EDGAR ↗

GXDW prospectus with the expense ratio (SEC) ↗

Global X page for GXDW ↗

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 GXDW, data as of Nov 4, 2026. https://etfiq.com/compare/themes/frwd-vs-gxdw

Open data →

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