Data as of .
FRWD vs TEKY: which is really different?
FRWD and TEKY hold 26% of their weight in the same names.
ETFIQ Off-Index Score: TEKY scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
26% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, FRWD and TEKY hold 26% of their money in the same securities at the same weight.
| Holding | FRWD | TEKY |
|---|---|---|
| NVIDIA Corp. | 8.12% | 4.94% |
| Taiwan Semiconductor Manufacturing Co. L | 6.33% | 4.00% |
| Advanced Micro Devices, Inc. | 7.83% | 3.69% |
| Broadcom, Inc. | 4.67% | 3.38% |
| Alphabet, Inc. | 3.22% | 5.25% |
| Amazon.com, Inc. | 2.82% | 3.71% |
| ASML Holding NV | 5.09% | 2.09% |
| Cadence Design Systems, Inc. | 1.83% | 1.29% |
| Microsoft Corp. | 2.82% | 0.98% |
| Only in FRWD | Only in TEKY |
|---|---|
| Seagate Technology Holdings plc 7.77% | SK hynix Inc 5.72% |
| Lam Research Corp. 6.67% | Applied Materials Inc 3.19% |
| Micron Technology, Inc. 5.16% | Datadog Inc 3.17% |
| Western Digital Corp. 5.05% | Palo Alto Networks Inc 2.60% |
| Samsung Electronics Co. Ltd. 4.15% | Tokyo Electron Ltd 2.59% |
| Texas Instruments, Inc. 3.78% | Crowdstrike Holdings Inc 2.54% |
| DoorDash, Inc. 3.31% | Prysmian SpA 2.47% |
| Netflix, Inc. 3.28% | Advantest Corp 2.44% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| FRWD | TEKY | FRWD | TEKY | FRWD | TEKY | |
| 3 months | −8.0% | −5.5% | −10.2 pts | −7.7 pts | −5.5 pts | −3.0 pts |
| 6 months | +36.3% | +29.5% | +18.3 pts | +11.5 pts | +12.1 pts | +5.3 pts |
| 1 year | not published | +16.8% | not published | +0.2 pts | not published | −5.0 pts |
| Since launch | +27.3% | +78.3% | +16.6 pts | +24.7 pts | +11.8 pts | +7.0 pts |
| 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, 52% 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 | 70.1% | 51.5% |
| Active share vs the S&P 500 | 74.3% | 77.6% |
| In the Nasdaq-100 | 77.7% | 43.4% |
| Holdings | 25 | 48 |
| Top ten, share of the fund | 60.8% | 39.6% |
| Expense ratio | 0.65% | 0.50% |
| Fee for the differing part | 0.87% | 0.64% |
| Total return, 1 year | +27.3% (since launch on Jan 13, 2026) | +16.8% |
| vs the S&P 500 | +16.6 pts | +0.2 pts |
| vs the Nasdaq-100 | +11.8 pts | −5.0 pts |
| Below its high | −8.0% | −6.8% |
| Net assets | $285m | $61m |
FRWD in plain words
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 launched on Jan 13, 2026 the fund returned +27.3% with distributions reinvested against +10.7% for the S&P 500, so a holder was ahead by 16.6 pts. It sits 8.0% below its all-time high of Jun 18, 2026.
TEKY in plain words
By weight, 52% 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 40% of the fund across 48 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned +16.8% with distributions reinvested against +16.6% for the S&P 500, so a holder was about even. It sits 6.8% below its all-time high of Jun 2, 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, which is a meaningful overlap. 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 52%, 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
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, FRWD against TEKY, data as of Sep 18, 2026. https://etfiq.com/compare/themes/frwd-vs-teky Free to use with attribution; the underlying files are at Open data.