Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

INQQ vs ISHP: which is really different?

INQQ and ISHP hold 0% of their weight in the same names, and INQQ returned more over the year.

INQQ The India Internet ETF and First Trust S-Network E-Commerce ETF.

0.0%INQQ in the S&P 500
39.9%ISHP in the S&P 500
−13.8%INQQ total return, 1 year
−19.2%ISHP total return, 1 year

ETFIQ Off-Index Score: INQQ scores higher

How much of it is not the index it is sold as an alternative to?

INQQ 91.8ISHP 27.80.1, the lowest in this set91.8, the highest

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

INQQ100% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 62% of the fund · 28 holdings filed May 31, 2026 · Nasdaq-100: 0% in0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 62% of the fund
ISHP60% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
40%60%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 93% · top ten 20% of the fund · 66 holdings filed Sep 18, 2026 · Nasdaq-100: 20% in40%60%in the S&P 500outside the S&P 500active share 93% · top ten 20% of the fund

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

What they hold in common

By the books each fund has filed, INQQ and ISHP hold 0% of their money in the same securities at the same weight.

Only in each
Only in INQQOnly in ISHP
RELIANCE INDUSTRIES LIMITED 7.83%A.P. Moeller - Maersk A/S (Class B) 2.36%
BAJAJ FINANCE LIMITED 7.63%Allegro.eu SA 2.11%
BILLIONBRAINS GARAGE VENTURES LIMITED 7.44%LY Corp. 2.07%
Eternal Ltd 6.79%Cosco Shipping Holdings Company, Ltd. (Class H) 1.98%
Lenskart Solutions Ltd 6.67%Snap Inc. (Class A) 1.95%
PB Fintech Ltd 6.53%NAVER Corporation 1.94%
JIO FINANCIAL SERVICES LIMITED 5.89%Best Buy Co., Inc. 1.93%
FSN E-COMMERCE VENTURES LIMITED 5.01%PayPal Holdings, Inc. 1.92%

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 May 31, 2026 and Sep 18, 2026.

Performance, window by window

INQQ and ISHP over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnvs the S&P 500vs the Nasdaq-100
INQQISHPINQQISHPINQQISHP
3 months+7.8%+2.5%+5.5 pts+0.3 pts+10.3 pts+5.0 pts
6 months+16.4%+4.2%−1.6 pts−13.8 pts−7.8 pts−20.1 pts
1 year−13.8%−19.2%−30.4 pts−35.8 pts−35.6 pts−41.0 pts
3 years+11.5%+35.3%−66.9 pts−43.1 pts−86.7 pts−62.8 pts
Since launch−11.7%+91.9%−92.9 pts−226.2 pts−121.4 pts−465.2 pts
Open the live comparison on ETFIQ
INQQ and ISHP on the same fields, as of Sep 18, 2026. Source: ETFIQ.
INQQ
INQQ The India Internet ETF
Holds 28 stocks in internet and e-commerce, 0% of its weight in S&P 500 companies
ISHP
First Trust S-Network E-Commerce ETF
Holds 66 stocks in internet and e-commerce, 40% of its weight in S&P 500 companies
IssuerEMQQ GlobalFirst Trust
ThemeInternet and e-commerceInternet and e-commerce
In the S&P 5000.0%39.9%
Active share vs the S&P 500100.0%92.6%
In the Nasdaq-1000.0%20.3%
Holdings2866
Top ten, share of the fund62.3%20.1%
Expense ratio0.86%0.60%
Fee for the differing part0.86%0.65%
Total return, 1 year−13.8%−19.2%
vs the S&P 500−30.4 pts−35.8 pts
vs the Nasdaq-100−35.6 pts−41.0 pts
Below its high−18.2%−19.2%
Net assets$44m$5m

INQQ in plain words

By weight, 0% of INQQ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 62% of the fund across 28 positions, as filed for May 31, 2026. Over the year to Sep 18, 2026 the fund returned −13.8% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 30.4 pts. It sits 18.2% below its all-time high of Dec 11, 2024.

ISHP in plain words

By weight, 40% of ISHP's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 93%. The top ten holdings are 20% of the fund across 66 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned −19.2% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 35.8 pts. It sits 19.2% below its all-time high of Sep 18, 2025.

Questions people ask

Do INQQ and ISHP hold the same stocks?
By their latest filings, 0% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, INQQ or ISHP?
INQQ has 0% of its weight in S&P 500 names and ISHP has 40%, so INQQ differs more from the index.
Which is cheaper, INQQ or ISHP?
INQQ charges 0.86% a year and ISHP charges 0.60%, so ISHP 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.

INQQ against ISHP, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, INQQ against ISHP, data as of Sep 18, 2026. https://etfiq.com/compare/themes/inqq-vs-ishp Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources