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Data as of Nov 4, 2026.

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Thematic ETFs

FRWD vs QQQJ: Holdings Overlap & Returns

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

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Net assets: $285m on Jun 30, 2026 for Nomura Transformational Technologies ETF, and $1.2bn on Nov 3, 2026 for Invesco NASDAQ Next Gen 100 ETF.

FRWD on its own →QQQJ on its own →
At a glance
69.9%
FRWD in the S&P 500
46.7%
QQQJ in the S&P 500
+15.0%
FRWD total return, since launch, Jan 13, 2026
+25.2%
QQQJ total return, 1 year
FRWD · 6 months to Nov 4, 2026 30% of its weight is outside the S&P 500
30% of its weight is outside the S&P 50070% of FRWD's weight is in S&P 500 companies and 30% is outside the index. Holdings as of Jun 30, 2026.70%30%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 74% · top ten 61% of the fund · 25 holdings as filed for Jun 30, 2026 · Nasdaq-100: 80% in30% of its weight is outside the S&P 50070% of FRWD's weight is in S&P 500 companies and 30% is outside the index. Holdings as of Jun 30, 2026.70%30%in the S&P 500outsideactive share 74% · Nasdaq-100: 80% in

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

QQQJ · 1 year to Nov 4, 2026 53% of its weight is outside the S&P 500
53% of its weight is outside the S&P 50047% of QQQJ's weight is in S&P 500 companies and 53% is outside the index. Holdings as of Nov 3, 2026.47%53%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 99% · top ten 20% of the fund · 106 holdings as published by its issuer for Nov 3, 2026 · Nasdaq-100: 0% in53% of its weight is outside the S&P 50047% of QQQJ's weight is in S&P 500 companies and 53% is outside the index. Holdings as of Nov 3, 2026.47%53%in the S&P 500outside the S&P 500active share 99% · Nasdaq-100: 0% in

47% of QQQJ's weight is in S&P 500 companies and 53% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

QQQJ costs 0.50 points a year less.

Points (pts) are percentage points.

FRWD vs QQQJ: Holdings Overlap & Returns
MeasureFRWDQQQJ
Return
Total return, 1 yearnot published+25.2%
Drawdown
Below its all-time high16.9%, high on Jun 18, 2026
Against its benchmark
What it tracksBroad innovation and megatrendsBroad innovation and megatrends
Its benchmark, total return, 1 year+14.8%
Against its benchmark, 1 yearahead by 10.4 pts
Cost and size
Expense ratio0.65%0.15%
Net assets, FRWD as of Jun 30, 2026 and QQQJ as of Nov 3, 2026$285m$1.2bn
Holdings
Holdings in common0%

Method

What they share

0%

By the books each fund has filed, FRWD and QQQJ hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first FRWD QQQJ
Kratos Defense & Security Solutions, Inc. 2.45% 0.39%
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 QQQJ
Natera Inc 2.83%
eBay Inc 2.67%
Revolution Medicines Inc 2.10%
NetApp Inc 1.89%
Biogen Inc 1.86%
Illumina Inc 1.82%
Steel Dynamics Inc 1.79%
Elbit Systems Ltd 1.79%
Check overlap with more funds →

Window by window

Window by window: FRWD vs QQQJ: Holdings Overlap & Returns
Total returnvs its benchmark
WindowFRWDQQQJFRWDQQQJ
3 months−10.7%−1.2%not measured−0.9 pts vs IWV
6 months−5.2%+6.2%not measured+1.3 pts vs IWV
1 year–+25.2%–+10.4 pts vs IWV
3 years–+91.2%–+10.2 pts vs IWV
Since launchNot the same days: FRWD Jan 2026 · QQQJ Oct 2020+15.0%+74.3%not measured−53.2 pts vs IWV

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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 QQQJ Invesco NASDAQ Next Gen 100 ETF · Holds 106 stocks in broad innovation and megatrends, 47% of its weight in S&P 500 companies
Issuer Nomura Invesco
Theme Broad innovation and megatrends Broad innovation and megatrends
In the S&P 500 69.9% 46.7%
Active share vs the S&P 500 74.4% 98.6%
In the Nasdaq-100 79.9% 0.0%
Holdings 25 106
Top ten, share of the fund 60.6% 20.3%
Expense ratio 0.65% 0.15%
Fee for the differing part 0.87% 0.15%
Total return, 1 year +15.0% (since launch, Jan 13, 2026) +25.2%
vs its benchmark not measured +10.4 pts vs IWV
Below its high −16.9% −4.4%
Net assets, FRWD as of Jun 30, 2026 and QQQJ as of Nov 3, 2026 $285m $1.2bn

As of Nov 4, 2026. Source: ETFIQ.

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

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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.

QQQJ

Over the year to Nov 4, 2026 the fund returned +25.2% with distributions reinvested against +14.8% for its benchmark, the Russell 3000 Index, so a holder was ahead by 10.4 pts.

By weight, 47% of QQQJ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 20% of the fund across 106 positions, as published by its issuer for Nov 3, 2026.

Questions people ask

Do FRWD and QQQJ 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 QQQJ?
FRWD has 70% of its weight in S&P 500 names and QQQJ has 47%, so QQQJ differs more from the index.
Which is cheaper, FRWD or QQQJ?
FRWD charges 0.65% a year and QQQJ charges 0.15%, so QQQJ is cheaper. Fees come from each fund's prospectus.
Other comparisons
FRWD vs XTFRWD vs ARKKFRWD vs ABOTFRWD vs XDATQQQJ vs XTQQQJ vs ARKKQQQJ vs ABOTQQQJ vs XDAT
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →FRWD on its own →QQQJ on its own →FRWD holdings →QQQJ dividend history →QQQJ holdings →Method →Standards and sources →
Sources and dates
FRWD filings on SEC EDGAR ↗
FRWD prospectus with the expense ratio (SEC) ↗
Nomura website ↗
QQQJ filings on SEC EDGAR ↗
QQQJ prospectus with the expense ratio (SEC) ↗
Invesco page for QQQJ ↗

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

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