Do FRWD and ILDR hold the same stocks?

By their latest filings, 33% 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 ILDR?

FRWD has 70% of its weight in S&P 500 names and ILDR has 66%, so FRWD differs more from the index.

Which is cheaper, FRWD or ILDR?

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

Data as of Nov 4, 2026.

Thematic ETFs

FRWD vs ILDR: Holdings Overlap & Returns

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FRWD and ILDR hold 33% of their weight in the same names.

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Net assets: $285m on Jun 30, 2026 for Nomura Transformational Technologies ETF, and $334m on Nov 3, 2026 for First Trust Innovation Leaders ETF.

FRWD on its own →ILDR on its own →

At a glance

69.9%

FRWD in the S&P 500

65.5%

ILDR in the S&P 500

+15.0%

FRWD total return, since launch, Jan 13, 2026

+6.6%

ILDR 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.

ILDR · 1 year to Nov 4, 2026 35% of its weight is outside the S&P 500

66% of ILDR's weight is in S&P 500 companies and 35% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

FRWD costs 0.10 points a year less.

Points (pts) are percentage points.

FRWD vs ILDR: Holdings Overlap & Returns
Measure	FRWD	ILDR
Return
Measure	FRWD	ILDR
Total return, 1 year	not published	+6.6%
Drawdown
Measure	FRWD	ILDR
Below its all-time high	16.9%, high on Jun 18, 2026	12.5%, high on Oct 6, 2026
Against its benchmark
Measure	FRWD	ILDR
What it tracks	Broad innovation and megatrends	Broad innovation and megatrends
Its benchmark, total return, 1 year		+14.8%
Against its benchmark, 1 year		behind by 8.2 pts
Cost and size
Measure	FRWD	ILDR
Expense ratio	0.65%	0.75%
Net assets, FRWD as of Jun 30, 2026 and ILDR as of Nov 3, 2026	$285m	$334m
Holdings
Measure	FRWD	ILDR
Holdings in common	33%

ETFIQ S&P 500 Difference Score · FRWD scores higher How much of its weight does it not share with the S&P 500?

IQ Themes Score21.9FRWD10.1ILDR

How different its holdings are from the S&P 500, ranked against 114 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed

FRWD 21.9

ILDR 10.1

0.4, the lowest in this set 99.6, the highest

Weight not shared with the S&P 500 only; it says nothing about returns, fees or whether the theme pays off. All thematic ETFs ranked by it →

Method

What they share

33%

By the books each fund has filed, FRWD and ILDR hold 33% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

33% in common

Positions both hold · largest shared weight first FRWD ILDR

NVIDIA Corp. 8.09% 9.90%

Advanced Micro Devices, Inc. 7.80% 5.45%

Broadcom, Inc. 4.65% 3.61%

Alphabet, Inc. 3.20% 4.20%

Amazon.com, Inc. 2.81% 6.23%

Microsoft Corp. 2.81% 3.11%

Micron Technology, Inc. 5.14% 2.56%

Shopify, Inc. 1.94% 2.19%

ServiceNow, Inc. 1.74% 1.09%

Spotify Technology SA 2.38% 0.87%

Space Exploration Technologies Corp. 2.49% 0.50%

Only in one fund ↓

Only in FRWD

Seagate Technology Holdings plc 7.74%

Lam Research Corp. 6.64%

Taiwan Semiconductor Manufacturing Co. Ltd. 6.30%

ASML Holding NV 5.07%

Western Digital Corp. 5.04%

Samsung Electronics Co. Ltd. 4.14%

Texas Instruments, Inc. 3.77%

DoorDash, Inc. 3.29%

Only in ILDR

Eli Lilly and Company 4.02%

Oracle Corporation 2.48%

Marvell Technology, Inc. 2.40%

Arista Networks, Inc. 2.28%

Tesla, Inc. 2.17%

Eaton Corporation Plc 2.07%

Siemens Energy AG 1.67%

Schneider Electric SE 1.60%

Check overlap with more funds →

Window by window

Window by window: FRWD vs ILDR: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	FRWD	ILDR	FRWD	ILDR
3 months	−10.7%	−7.4%	not measured	−7.1 pts vs IWV
6 months	−5.2%	−1.8%	not measured	−6.7 pts vs IWV
1 year	–	+6.6%	–	−8.2 pts vs IWV
3 years	–	+107.0%	–	+26.0 pts vs IWV
Since launchNot the same days: FRWD Jan 2026 · ILDR May 2021	+15.0%	+75.9%	not measured	−10.3 pts vs IWV

– 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 ILDR First Trust Innovation Leaders ETF · Holds 81 stocks in broad innovation and megatrends, 66% of its weight in S&P 500 companies

Issuer Nomura First Trust

Theme Broad innovation and megatrends Broad innovation and megatrends

In the S&P 500 69.9% 65.5%

Active share vs the S&P 500 74.4% 66.9%

In the Nasdaq-100 79.9% 48.8%

Holdings 25 81

Top ten, share of the fund 60.6% 44.0%

Expense ratio 0.65% 0.75%

Fee for the differing part 0.87% 1.12%

Total return, 1 year +15.0% (since launch, Jan 13, 2026) +6.6%

vs its benchmark not measured −8.2 pts vs IWV

Below its high −16.9% −12.5%

Net assets, FRWD as of Jun 30, 2026 and ILDR as of Nov 3, 2026 $285m $334m

As of Nov 4, 2026. Source: ETFIQ.

33% 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.

ILDR

Over the year to Nov 4, 2026 the fund returned +6.6% with distributions reinvested against +14.8% for its benchmark, the Russell 3000 Index, so a holder was behind by 8.2 pts.

By weight, 66% of ILDR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 67%. The top ten holdings are 44% of the fund across 81 positions, as published by its issuer for Nov 3, 2026. It sits 12.5% below its all-time high of Oct 6, 2026.

Questions people ask

Do FRWD and ILDR hold the same stocks?: By their latest filings, 33% 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 ILDR?: FRWD has 70% of its weight in S&P 500 names and ILDR has 66%, so FRWD differs more from the index.
Which is cheaper, FRWD or ILDR?: FRWD charges 0.65% a year and ILDR charges 0.75%, so FRWD is cheaper. Fees come from each fund's prospectus.

Other comparisons

FRWD vs TMAT FRWD vs QQQJ FRWD vs HTEC FRWD vs XT ILDR vs QQQJ ILDR vs XT ILDR vs ARKK ILDR vs XDAT

Where to next

FRWD on its own →ILDR on its own →FRWD holdings →ILDR holdings →Method →Standards and sources →

Sources and dates

FRWD filings on SEC EDGAR ↗

FRWD prospectus with the expense ratio (SEC) ↗

Nomura website ↗

ILDR filings on SEC EDGAR ↗

ILDR prospectus with the expense ratio (SEC) ↗

First Trust page for ILDR ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

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

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