Data as of .
IQSZ vs NVIR: which is really different?
IQSZ and NVIR hold 2% of their weight in the same names, and NVIR returned more over the year.
ETFIQ Off-Index Score: NVIR 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
2% 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 NVIR hold 2% of their money in the same securities at the same weight.
| Holding | IQSZ | NVIR |
|---|---|---|
| ExxonMobil Holdings Corp | 0.62% | 3.17% |
| EOG Resources Inc | 0.37% | 2.60% |
| Schneider Electric SE | 0.27% | 3.85% |
| ConocoPhillips | 0.26% | 2.37% |
| Occidental Petroleum Corp | 0.13% | 1.92% |
| SLB Ltd | 0.07% | 2.04% |
| Xylem Inc/NY | 0.07% | 1.22% |
| Expand Energy Corp | 0.07% | 2.69% |
| Only in IQSZ | Only in NVIR |
|---|---|
| NVIDIA Corp 5.05% | Texas Pacific Land Corp 6.25% |
| Apple Inc 4.92% | CES Energy Solutions Corp 5.97% |
| Microsoft Corp 3.34% | Williams Cos Inc/The 5.62% |
| Amazon.com Inc 2.44% | WaterBridge Infrastructure LLC 5.32% |
| Taiwan Semiconductor Manufacturing Co Lt 2.04% | Enerflex Ltd 4.22% |
| Alphabet Inc 1.98% | EQT Corp 4.08% |
| Alphabet Inc 1.56% | Permian Basin Royalty Trust 4.02% |
| Broadcom Inc 1.46% | Cheniere Energy Inc 3.88% |
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 and Sep 19, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| IQSZ | NVIR | IQSZ | NVIR | IQSZ | NVIR | |
| 3 months | +1.2% | +5.4% | −1.1 pts | +3.2 pts | +3.7 pts | +7.9 pts |
| 6 months | +18.8% | −1.3% | +0.8 pts | −19.3 pts | −5.4 pts | −25.6 pts |
| 1 year | +22.5% | +25.8% | +5.9 pts | +9.2 pts | +0.7 pts | +4.0 pts |
| 3 years | not published | +48.9% | not published | −29.5 pts | not published | −49.2 pts |
| Since launch | +31.5% | +66.7% | +7.9 pts | −33.7 pts | +1.5 pts | −83.5 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 | NVIR Horizon Kinetics Energy and Remediation ETF Holds 39 stocks in energy transition and decarbonisation, 42% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Invesco | Horizon Kinetics |
| Theme | Energy transition and decarbonisation | Energy transition and decarbonisation |
| In the S&P 500 | 60.1% | 41.9% |
| Active share vs the S&P 500 | 49.7% | 98.0% |
| In the Nasdaq-100 | 32.6% | 4.2% |
| Holdings | 489 | 39 |
| Top ten, share of the fund | 25.5% | 46.7% |
| Expense ratio | 0.19% | 0.85% |
| Fee for the differing part | 0.38% | 0.87% |
| Total return, 1 year | +22.5% | +25.8% |
| vs the S&P 500 | +5.9 pts | +9.2 pts |
| vs the Nasdaq-100 | +0.7 pts | +4.0 pts |
| Below its high | −1.6% | −4.2% |
| Net assets | $174m | $6m |
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.
NVIR in plain words
By weight, 42% of NVIR'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 47% of the fund across 39 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned +25.8% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 9.2 pts.
Questions people ask
- Do IQSZ and NVIR hold the same stocks?
- By their latest filings, 2% 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 NVIR?
- IQSZ has 60% of its weight in S&P 500 names and NVIR has 42%, so NVIR differs more from the index.
- Which is cheaper, IQSZ or NVIR?
- IQSZ charges 0.19% a year and NVIR charges 0.85%, 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 NVIR, data as of Sep 18, 2026. https://etfiq.com/compare/themes/iqsz-vs-nvir Free to use with attribution; the underlying files are at Open data.