Data as of .
ISHP vs PNQI: which is really different?
ISHP and PNQI hold 24% of their weight in the same names, and PNQI returned more over the year.
ETFIQ Off-Index Score: ISHP 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
24% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, ISHP and PNQI hold 24% of their money in the same securities at the same weight.
| Holding | ISHP | PNQI |
|---|---|---|
| Airbnb, Inc. (Class A) | 1.88% | 1.96% |
| Meta Platforms, Inc. (Class A) | 1.74% | 8.19% |
| Shopify Inc. (Class A) | 1.73% | 4.21% |
| Amazon.com, Inc. | 1.70% | 7.29% |
| DoorDash, Inc. (Class A) | 1.66% | 2.24% |
| Alibaba Group Holding Limited (ADR) | 1.69% | 1.65% |
| MercadoLibre, Inc. | 1.63% | 2.56% |
| Booking Holdings Inc. | 1.59% | 3.68% |
| Uber Technologies, Inc. | 1.57% | 3.89% |
| eBay Inc. | 1.58% | 1.40% |
| PayPal Holdings, Inc. | 1.92% | 1.31% |
| Expedia Group, Inc. | 1.73% | 0.90% |
| Only in ISHP | Only in PNQI |
|---|---|
| A.P. Moeller - Maersk A/S (Class B) 2.36% | Microsoft Corp 8.53% |
| Allegro.eu SA 2.11% | Apple Inc 8.38% |
| LY Corp. 2.07% | Alphabet Inc 7.11% |
| Cosco Shipping Holdings Company, Ltd. (Class H) 1.98% | Salesforce Inc 4.85% |
| NAVER Corporation 1.94% | Walt Disney Co/The 3.92% |
| Best Buy Co., Inc. 1.93% | Netflix Inc 3.24% |
| Taiwan Mobile Co., Ltd. 1.92% | Spotify Technology SA 2.96% |
| Global Payments Inc. 1.90% | Adobe Inc 2.84% |
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 Sep 18, 2026 and Sep 19, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| ISHP | PNQI | ISHP | PNQI | ISHP | PNQI | |
| 3 months | +2.5% | +10.1% | +0.3 pts | +7.9 pts | +5.0 pts | +12.6 pts |
| 6 months | +4.2% | +12.0% | −13.8 pts | −6.0 pts | −20.1 pts | −12.2 pts |
| 1 year | −19.2% | −10.8% | −35.8 pts | −27.4 pts | −41.0 pts | −32.6 pts |
| 3 years | +35.3% | +59.2% | −43.1 pts | −19.2 pts | −62.8 pts | −39.0 pts |
| Since launch | +91.9% | +865.0% | −226.2 pts | +61.5 pts | −465.2 pts | −825.2 pts |
| 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 | PNQI Invesco NASDAQ Internet ETF Holds 79 stocks in internet and e-commerce, 75% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | First Trust | Invesco |
| Theme | Internet and e-commerce | Internet and e-commerce |
| In the S&P 500 | 39.9% | 75.2% |
| Active share vs the S&P 500 | 92.6% | 78.8% |
| In the Nasdaq-100 | 20.3% | 63.9% |
| Holdings | 66 | 79 |
| Top ten, share of the fund | 20.1% | 60.0% |
| Expense ratio | 0.60% | 0.60% |
| Fee for the differing part | 0.65% | 0.76% |
| Total return, 1 year | −19.2% | −10.8% |
| vs the S&P 500 | −35.8 pts | −27.4 pts |
| vs the Nasdaq-100 | −41.0 pts | −32.6 pts |
| Below its high | −19.2% | −11.4% |
| Net assets | $5m | $524m |
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.
PNQI in plain words
By weight, 75% of PNQI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 79%. The top ten holdings are 60% of the fund across 79 positions, as published by its issuer for Sep 19, 2026. Over the year to Sep 18, 2026 the fund returned −10.8% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 27.4 pts. It sits 11.4% below its all-time high of Sep 19, 2025.
Questions people ask
- Do ISHP and PNQI hold the same stocks?
- By their latest filings, 24% 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, ISHP or PNQI?
- ISHP has 40% of its weight in S&P 500 names and PNQI has 75%, so ISHP differs more from the index.
- Which is cheaper, ISHP or PNQI?
- ISHP charges 0.60% a year and PNQI 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.
Cite this page. ETFIQ, ISHP against PNQI, data as of Sep 18, 2026. https://etfiq.com/compare/themes/ishp-vs-pnqi Free to use with attribution; the underlying files are at Open data.