{"url":"https://etfiq.com/compare/themes/frwd-vs-lens","section":"compare","title":"FRWD vs LENS: Holdings Overlap & Returns | ETFIQ","description":"69.9% of FRWD and 16.0% of LENS is already in the S&P 500 by weight, as filed, and 0% of the two books are the same names at the same weight.","as_of":"Nov 4, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Do FRWD and LENS hold the same stocks?","acceptedAnswer":{"@type":"Answer","text":"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."}},{"@type":"Question","name":"Which is more different from the S&P 500, FRWD or LENS?","acceptedAnswer":{"@type":"Answer","text":"FRWD has 70% of its weight in S&P 500 names and LENS has 16%, so LENS differs more from the index."}},{"@type":"Question","name":"Which is cheaper, FRWD or LENS?","acceptedAnswer":{"@type":"Answer","text":"FRWD charges 0.65% a year and LENS charges 0.79%, so FRWD is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Thematic ETFs","item":"https://etfiq.com/themes/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"FRWD vs LENS","item":"https://etfiq.com/compare/themes/frwd-vs-lens"}]},{"@type":"WebPage","name":"FRWD vs LENS: Holdings Overlap & Returns","description":"69.9% of FRWD and 16.0% of LENS is already in the S&P 500 by weight, as filed, and 0% of the two books are the same names at the same weight.","url":"https://etfiq.com/compare/themes/frwd-vs-lens","dateModified":"2026-11-04","abstract":"FRWD and LENS hold 0% of their weight in the same names.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of FRWD and LENS","description":"69.9% of FRWD and 16.0% of LENS is already in the S&P 500 by weight, as filed, and 0% of the two books are the same names at the same weight.","dateModified":"2026-11-04","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/themes/frwd-vs-lens","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/thematic.json"}],"variableMeasured":["Weight overlap with the S&P 500","Active share","Holdings","Top ten share of the fund","Total return","Fee for the differing part","Expense ratio"],"keywords":["exchange-traded funds","ETF","Thematic ETFs","fund data","SEC filings"]}],"characters":6734,"truncated":true,"content":"ETFIQ / Thematic ETFs / Compare ETFs / FRWD vs LENS \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Nov 4, 2026 .\n\n FRWD vs LENS: Holdings Overlap & Returns\n\n FRWD and LENS hold 0% of their weight in the same names.\n Copy this for sharing \n \n FRWD costs 0.14 points a year less.\n FRWD and LENS at a glance. As of Nov 4, 2026. Source: ETFIQ. FRWD LENS \n Expense ratio 0.65% 0.79% \n Net assets, FRWD as of Jun 30, 2026 and LENS as of Aug 31, 2026 $285m $67m \n Total return, 1 year not published +28.3% \n What it tracks Broad innovation and megatrends Broad innovation and megatrends \n Holdings i","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, FRWD against LENS, data as of Nov 4, 2026. https://etfiq.com/compare/themes/frwd-vs-lens","a":{"ticker":"FRWD","name":"Nomura Transformational Technologies ETF","issuer":"Nomura","desk":"themes","as_of":"2026-11-04","verdict":"Between Jun 30, 2026 and Oct 12, 2026, FRWD lost 3.9%, against \u22123.6% for its own holdings.","url":"https://etfiq.com/funds/frwd","key_facts":[{"label":"Already in the S&P 500","value":"69.9%","as_of":"2026-06-30","source":"its SEC filing (Form N-PORT)"},{"label":"Active share vs the S&P 500","value":"74.4%","as_of":"2026-06-30","source":"ETFIQ"},{"label":"Top ten holdings","value":"60.6%","as_of":"2026-06-30","source":"its SEC filing (Form N-PORT)"},{"label":"Total return, since launch","value":"+15.0%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Net assets","value":"$285m","as_of":"2026-06-30","source":"SEC filing, whole fund, as filed for Jun 30, 2026"},{"label":"Expense ratio","value":"0.65%","as_of":"2026-07-29","source":"485BPOS XBRL, Jul 29, 2026"}]},"b":{"ticker":"LENS","name":"Sarmaya Thematic ETF","issuer":"Sarmaya","desk":"themes","as_of":"2026-11-04","verdict":"Over the year to Nov 4, 2026, LENS returned 28.3%, against 14.3% for BKLC.","url":"https://etfiq.com/funds/lens","key_facts":[{"label":"Already in the S&P 500","value":"16.0%","as_of":"2026-08-31","source":"its SEC filing (Form N-PORT)"},{"label":"Active share vs the S&P 500","value":"98.9%","as_of":"2026-08-31","source":"ETFIQ"},{"label":"Top ten holdings","value":"40.3%","as_of":"2026-08-31","source":"its SEC filing (Form N-PORT)"},{"label":"Total return, 1 year","value":"+28.3%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"1.9%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment, ex-date Dec 23, 2025","value":"$0.6178","as_of":"2025-12-23","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$67m","as_of":"2026-08-31","source":"SEC filing, whole fund, as filed for Aug 31, 2026"},{"label":"Expense ratio","value":"0.79%","as_of":"2026-03-26","source":"485BPOS XBRL, Mar 26, 2026"}]},"overlap_pct":0,"full_text_at":"https://etfiq.com/compare/themes/frwd-vs-lens"}