Do FRWD and XDAT hold the same stocks?

By their latest filings, 11% 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 XDAT?

FRWD has 70% of its weight in S&P 500 names and XDAT has 60%, so XDAT differs more from the index.

Which is cheaper, FRWD or XDAT?

FRWD charges 0.65% a year and XDAT charges 0.50%, so XDAT is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

FRWD vs XDAT: Holdings Overlap & Returns

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FRWD and XDAT hold 11% of their weight in the same names.

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Net assets: $285m on Jun 30, 2026 for Nomura Transformational Technologies ETF, and $3.7m on Nov 3, 2026 for Franklin Exponential Data ETF.

FRWD on its own →XDAT on its own →

At a glance

69.9%

FRWD in the S&P 500

60.4%

XDAT in the S&P 500

+15.0%

FRWD total return, since launch, Jan 13, 2026

−11.5%

XDAT 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.

XDAT · 1 year to Nov 4, 2026 40% of its weight is outside the S&P 500

60% of XDAT's weight is in S&P 500 companies and 40% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

XDAT costs 0.15 points a year less.

Points (pts) are percentage points.

FRWD vs XDAT: Holdings Overlap & Returns
Measure	FRWD	XDAT
Return
Measure	FRWD	XDAT
Total return, 1 year	not published	−11.5%
Drawdown
Measure	FRWD	XDAT
Below its all-time high	16.9%, high on Jun 18, 2026	21.1%, high on Nov 9, 2021
Against its benchmark
Measure	FRWD	XDAT
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 26.3 pts
Cost and size
Measure	FRWD	XDAT
Expense ratio	0.65%	0.50%
Net assets, FRWD as of Jun 30, 2026 and XDAT as of Nov 3, 2026	$285m	$3.7m
Holdings
Measure	FRWD	XDAT
Holdings in common	11%

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

IQ Themes Score21.9FRWD53.9XDAT

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

XDAT 53.9

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

11%

By the books each fund has filed, FRWD and XDAT hold 11% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.

50%

0 half 100%

half

11% in common

Positions both hold · largest shared weight first FRWD XDAT

Alphabet, Inc. 3.20% 9.66%

Microsoft Corp. 2.81% 3.52%

Western Digital Corp. 5.04% 1.52%

Netflix, Inc. 3.27% 0.91%

ServiceNow, Inc. 1.74% 0.80%

Celestica, Inc. 2.68% 0.74%

Cadence Design Systems, Inc. 1.82% 0.67%

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%

Broadcom, Inc. 4.65%

Only in XDAT

CLOUDFLARE INC 10.04%

META PLATFORMS INC 6.36%

SNOWFLAKE INC 4.97%

APPLOVIN CORP 4.97%

PALO ALTO NETWORKS INC 4.49%

CROWDSTRIKE HOLDINGS INC 4.34%

DATADOG INC 4.07%

MONGODB INC 3.71%

Check overlap with more funds →

Window by window

Window by window: FRWD vs XDAT: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	FRWD	XDAT	FRWD	XDAT
3 months	−10.7%	−7.7%	not measured	−7.4 pts vs IWV
6 months	−5.2%	+2.1%	not measured	−2.8 pts vs IWV
1 year	–	−11.5%	–	−26.3 pts vs IWV
3 years	–	+33.3%	–	−47.7 pts vs IWV
Since launchNot the same days: FRWD Jan 2026 · XDAT Jan 2021	+15.0%	−1.8%	not measured	−106.1 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 XDAT Franklin Exponential Data ETF · Holds 59 stocks in broad innovation and megatrends, 60% of its weight in S&P 500 companies

Issuer Nomura Franklin

Theme Broad innovation and megatrends Broad innovation and megatrends

In the S&P 500 69.9% 60.4%

Active share vs the S&P 500 74.4% 86.2%

In the Nasdaq-100 79.9% 52.2%

Holdings 25 59

Top ten, share of the fund 60.6% 56.1%

Expense ratio 0.65% 0.50%

Fee for the differing part 0.87% 0.58%

Total return, 1 year +15.0% (since launch, Jan 13, 2026) −11.5%

vs its benchmark not measured −26.3 pts vs IWV

Below its high −16.9% −21.1%

Net assets, FRWD as of Jun 30, 2026 and XDAT as of Nov 3, 2026 $285m $3.7m

As of Nov 4, 2026. Source: ETFIQ.

11% 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.

XDAT

Over the year to Nov 4, 2026 the fund returned −11.5% with distributions reinvested against +14.8% for its benchmark, the Russell 3000 Index, so a holder was behind by 26.3 pts.

By weight, 60% of XDAT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 86%. The top ten holdings are 56% of the fund across 59 positions, as filed for Jun 30, 2026. It sits 21.1% below its all-time high of Nov 9, 2021.

Questions people ask

Do FRWD and XDAT hold the same stocks?: By their latest filings, 11% 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 XDAT?: FRWD has 70% of its weight in S&P 500 names and XDAT has 60%, so XDAT differs more from the index.
Which is cheaper, FRWD or XDAT?: FRWD charges 0.65% a year and XDAT charges 0.50%, so XDAT is cheaper. Fees come from each fund's prospectus.

Other comparisons

FRWD vs ABOT FRWD vs BUYZ FRWD vs TNXT FRWD vs TEKY XDAT vs XT XDAT vs ARKK XDAT vs BULD XDAT vs ABOT

Where to next

FRWD on its own →XDAT on its own →FRWD holdings →XDAT dividend history →XDAT holdings →Method →Standards and sources →

Sources and dates

FRWD filings on SEC EDGAR ↗

FRWD prospectus with the expense ratio (SEC) ↗

Nomura website ↗

XDAT filings on SEC EDGAR ↗

XDAT prospectus with the expense ratio (SEC) ↗

Franklin 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 XDAT, data as of Nov 4, 2026. https://etfiq.com/compare/themes/frwd-vs-xdat

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