Data as of .
IQSZ vs NBET: which is really different?
IQSZ and NBET hold 1% of their weight in the same names, and NBET returned more over the year.
ETFIQ Off-Index Score: NBET 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
1% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, IQSZ and NBET hold 1% of their money in the same securities at the same weight.
| Holding | IQSZ | NBET |
|---|---|---|
| Chevron Corp | 0.59% | 3.00% |
| ConocoPhillips | 0.26% | 2.08% |
| Occidental Petroleum Corp | 0.13% | 3.09% |
| Expand Energy Corp | 0.07% | 0.91% |
| Only in IQSZ | Only in NBET |
|---|---|
| NVIDIA Corp 5.05% | Targa Resources Corp 9.11% |
| Apple Inc 4.92% | Enterprise Products Partners LP 7.61% |
| Microsoft Corp 3.34% | Energy Transfer LP 7.52% |
| Amazon.com Inc 2.44% | DT Midstream Inc 6.07% |
| Taiwan Semiconductor Manufacturing Co Lt 2.04% | Cheniere Energy Inc 6.02% |
| Alphabet Inc 1.98% | Williams Cos Inc/The 5.42% |
| Alphabet Inc 1.56% | Clearway Energy Inc 4.04% |
| Broadcom Inc 1.46% | Western Midstream Partners LP 4.02% |
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 Apr 30, 2026 and Sep 19, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| IQSZ | NBET | IQSZ | NBET | IQSZ | NBET | |
| 3 months | +1.2% | +7.7% | −1.1 pts | +5.4 pts | +3.7 pts | +10.1 pts |
| 6 months | +18.8% | +4.0% | +0.8 pts | −14.0 pts | −5.4 pts | −20.2 pts |
| 1 year | +22.5% | +29.2% | +5.9 pts | +12.7 pts | +0.7 pts | +7.5 pts |
| 3 years | not published | +89.3% | not published | +10.9 pts | not published | −8.8 pts |
| Since launch | +31.5% | +79.2% | +7.9 pts | −1.1 pts | +1.5 pts | −29.9 pts |
| IQSZ Invesco Global Equity Net Zero ETF Holds 489 stocks in energy transition and decarbonisation, 60% of its weight in S&P 500 companies | NBET Neuberger Energy Transition & Infrastructure ETF Holds 31 stocks in energy transition and decarbonisation, 34% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Invesco | Neuberger Berman |
| Theme | Energy transition and decarbonisation | Energy transition and decarbonisation |
| In the S&P 500 | 60.1% | 34.5% |
| Active share vs the S&P 500 | 49.7% | 97.8% |
| In the Nasdaq-100 | 32.6% | 0.0% |
| Holdings | 489 | 31 |
| Top ten, share of the fund | 25.5% | 57.2% |
| Expense ratio | 0.19% | 0.65% |
| Fee for the differing part | 0.38% | 0.66% |
| Total return, 1 year | +22.5% | +29.2% |
| vs the S&P 500 | +5.9 pts | +12.7 pts |
| vs the Nasdaq-100 | +0.7 pts | +7.5 pts |
| Below its high | −1.6% | −2.9% |
| Net assets | $174m | $45m |
IQSZ in plain words
By weight, 60% of IQSZ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 50%. The top ten holdings are 26% of the fund across 489 positions, as published by its issuer for Sep 19, 2026. Over the year to Sep 18, 2026 the fund returned +22.5% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 5.9 pts.
NBET in plain words
By weight, 34% of NBET's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 57% of the fund across 31 positions, as filed for Apr 30, 2026. Over the year to Sep 18, 2026 the fund returned +29.2% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 12.7 pts.
Questions people ask
- Do IQSZ and NBET hold the same stocks?
- By their latest filings, 1% 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, IQSZ or NBET?
- IQSZ has 60% of its weight in S&P 500 names and NBET has 34%, so NBET differs more from the index.
- Which is cheaper, IQSZ or NBET?
- IQSZ charges 0.19% a year and NBET charges 0.65%, so IQSZ 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, IQSZ against NBET, data as of Sep 18, 2026. https://etfiq.com/compare/themes/iqsz-vs-nbet Free to use with attribution; the underlying files are at Open data.