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Data as of Nov 4, 2026.

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Thematic ETFs

FRWD vs TEKY: Holdings Overlap & Returns

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FRWD and TEKY hold 26% of their weight in the same names.

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Net assets on Jun 30, 2026: $285m for Nomura Transformational Technologies ETF and $61m for Lazard Next Gen Technologies ETF.

FRWD on its own →TEKY on its own →
At a glance
69.9%
FRWD in the S&P 500
50.9%
TEKY in the S&P 500
+15.0%
FRWD total return, since launch, Jan 13, 2026
+0.2%
TEKY 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.

TEKY · 1 year to Nov 4, 2026 49% of its weight is outside the S&P 500
49% of its weight is outside the S&P 50051% of TEKY's weight is in S&P 500 companies and 49% is outside the index. Holdings as of Jun 30, 2026.51%49%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 78% · top ten 39% of the fund · 48 holdings as filed for Jun 30, 2026 · Nasdaq-100: 45% in49% of its weight is outside the S&P 50051% of TEKY's weight is in S&P 500 companies and 49% is outside the index. Holdings as of Jun 30, 2026.51%49%in the S&P 500outside the S&P 500active share 78% · Nasdaq-100: 45% in

51% of TEKY's weight is in S&P 500 companies and 49% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

TEKY costs 0.15 points a year less; FRWD is 4.7 times larger.

Points (pts) are percentage points.

FRWD vs TEKY: Holdings Overlap & Returns
MeasureFRWDTEKY
Return
Total return, 1 yearnot published+0.2%
Drawdown
Below its all-time high16.9%, high on Jun 18, 202617.5%, high on Oct 6, 2026
Against its benchmark
What it tracksBroad innovation and megatrendsBroad innovation and megatrends
Its benchmark, total return, 1 year+15.2%
Against its benchmark, 1 yearbehind by 15.0 pts
Cost and size
Expense ratio0.65%0.50%
Net assets, as of Jun 30, 2026$285m$61m
Holdings
Holdings in common26%
ETFIQ S&P 500 Difference Score · TEKY scores higher How much of its weight does it not share with the S&P 500?
IQ Themes Score21.9FRWD26.8TEKY

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

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

26%

By the books each fund has filed, FRWD and TEKY hold 26% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.

0 half 100%

half

26% in common

Positions both hold · largest shared weight first FRWD TEKY
NVIDIA Corp. 8.09% 4.88%
Taiwan Semiconductor Manufacturing Co. Ltd. 6.30% 3.96%
Advanced Micro Devices, Inc. 7.80% 3.65%
Broadcom, Inc. 4.65% 3.34%
Alphabet, Inc. 3.20% 5.19%
Amazon.com, Inc. 2.81% 3.67%
ASML Holding NV 5.07% 2.06%
Cadence Design Systems, Inc. 1.82% 1.28%
Microsoft Corp. 2.81% 0.97%
Only in one fund ↓
Only in FRWD
Seagate Technology Holdings plc 7.74%
Lam Research Corp. 6.64%
Micron Technology, Inc. 5.14%
Western Digital Corp. 5.04%
Samsung Electronics Co. Ltd. 4.14%
Texas Instruments, Inc. 3.77%
DoorDash, Inc. 3.29%
Netflix, Inc. 3.27%
Only in TEKY
SK hynix Inc 5.65%
Applied Materials Inc 3.15%
Datadog Inc 3.13%
Palo Alto Networks Inc 2.56%
Tokyo Electron Ltd 2.56%
Crowdstrike Holdings Inc 2.51%
Prysmian SpA 2.44%
Advantest Corp 2.41%
Check overlap with more funds →

Window by window

Window by window: FRWD vs TEKY: Holdings Overlap & Returns
Total returnvs its benchmark
WindowFRWDTEKYFRWDTEKY
3 months−10.7%−11.8%not measured−11.2 pts vs URTH
6 months−5.2%−7.9%not measured−12.2 pts vs URTH
1 year–+0.2%–−15.0 pts vs URTH
Since launchNot the same days: FRWD Jan 2026 · TEKY Apr 2025+15.0%+60.3%not measured+6.3 pts vs URTH

– 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 TEKY Lazard Next Gen Technologies ETF · Holds 48 stocks in broad innovation and megatrends, 51% of its weight in S&P 500 companies
Issuer Nomura Lazard
Theme Broad innovation and megatrends Broad innovation and megatrends
In the S&P 500 69.9% 50.9%
Active share vs the S&P 500 74.4% 77.7%
In the Nasdaq-100 79.9% 44.6%
Holdings 25 48
Top ten, share of the fund 60.6% 39.2%
Expense ratio 0.65% 0.50%
Fee for the differing part 0.87% 0.64%
Total return, 1 year +15.0% (since launch, Jan 13, 2026) +0.2%
vs its benchmark not measured −15.0 pts vs URTH
Below its high −16.9% −17.5%
Net assets, as of Jun 30, 2026 $285m $61m

As of Nov 4, 2026. Source: ETFIQ.

26% 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.

TEKY

By weight, 51% of TEKY's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 78%. The top ten holdings are 39% of the fund across 48 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned +0.2% with distributions reinvested against +15.2% for its benchmark, the MSCI World Index, so a holder was behind by 15.0 pts. It sits 17.5% below its all-time high of Oct 6, 2026.

Questions people ask

Do FRWD and TEKY hold the same stocks?
By their latest filings, 26% 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 TEKY?
FRWD has 70% of its weight in S&P 500 names and TEKY has 51%, so TEKY differs more from the index.
Which is cheaper, FRWD or TEKY?
FRWD charges 0.65% a year and TEKY charges 0.50%, so TEKY is cheaper. Fees come from each fund's prospectus.
Other comparisons
FRWD vs LENSFRWD vs HTECFRWD vs THMZFRWD vs DTECTEKY vs ILDRTEKY vs TMATTEKY vs GTEKTEKY vs AOTG
Where to next
FRWD on its own →TEKY on its own →FRWD holdings →TEKY dividend history →TEKY holdings →Method →Standards and sources →
Sources and dates
FRWD filings on SEC EDGAR ↗
FRWD prospectus with the expense ratio (SEC) ↗
Nomura website ↗
TEKY filings on SEC EDGAR ↗
TEKY prospectus with the expense ratio (SEC) ↗
Lazard website ↗

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

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