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Data as of Nov 4, 2026.

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Thematic ETFs

LENS vs QQQJ: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, LENS returned +28.3% to QQQJ's +25.2%; 0% of their weight is in the same names.

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Net assets: $67m on Aug 31, 2026 for Sarmaya Thematic ETF, and $1.2bn on Nov 3, 2026 for Invesco NASDAQ Next Gen 100 ETF.

LENS on its own →QQQJ on its own →
At a glance
16.0%
LENS in the S&P 500
46.7%
QQQJ in the S&P 500
+28.3%
LENS total return, 1 year
+25.2%
QQQJ total return, 1 year
LENS · 1 year to Nov 4, 2026 84% of its weight is outside the S&P 500
84% of its weight is outside the S&P 50016% of LENS's weight is in S&P 500 companies and 84% is outside the index. Holdings as of Aug 31, 2026.16%84%in the S&P 500of its weight outside the S&P 500active share 99% · top ten 40% of the fund · 45 holdings as filed for Aug 31, 2026 · Nasdaq-100: 2% in84% of its weight is outside the S&P 50016% of LENS's weight is in S&P 500 companies and 84% is outside the index. Holdings as of Aug 31, 2026.16%84%inof its weight outside the S&P 500active share 99% · Nasdaq-100: 2% in

16% of LENS's weight is in S&P 500 companies and 84% is outside the index. Holdings as of Aug 31, 2026.

QQQJ · 1 year to Nov 4, 2026 53% of its weight is outside the S&P 500
53% of its weight is outside the S&P 50047% of QQQJ's weight is in S&P 500 companies and 53% is outside the index. Holdings as of Nov 3, 2026.47%53%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 99% · top ten 20% of the fund · 106 holdings as published by its issuer for Nov 3, 2026 · Nasdaq-100: 0% in53% of its weight is outside the S&P 50047% of QQQJ's weight is in S&P 500 companies and 53% is outside the index. Holdings as of Nov 3, 2026.47%53%in the S&P 500outside the S&P 500active share 99% · Nasdaq-100: 0% in

47% of QQQJ's weight is in S&P 500 companies and 53% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

QQQJ costs 0.64 points a year less; their one-year returns differ by 3.1 points.

Points (pts) are percentage points.

LENS vs QQQJ: Holdings Overlap & Returns
MeasureLENSQQQJ
Return
Total return, 1 year+28.3%+25.2%
Drawdown
Below its all-time high17.6%, high on Feb 27, 2026
Against its benchmark
What it tracksBroad innovation and megatrendsBroad innovation and megatrends
Its benchmark, total return, 1 year+14.3%+14.8%
Against its benchmark, 1 yearahead by 14.0 ptsahead by 10.4 pts
Cost and size
Expense ratio0.79%0.15%
Net assets, LENS as of Aug 31, 2026 and QQQJ as of Nov 3, 2026$67m$1.2bn
Holdings
Holdings in common0%

Method

What they share

0%

By the books each fund has filed, LENS and QQQJ hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first LENS QQQJ
Only in one fund ↓
Only in LENS
SPDR Gold MiniShares Trust 8.14%
iShares Gold Trust Micro 5.23%
Chevron Corp 4.38%
ExxonMobil Holdings Corp 4.30%
Kinross Gold Corp 3.70%
iShares Silver Trust 3.41%
Agnico Eagle Mines Ltd 3.09%
Gold Fields Ltd 3.05%
Only in QQQJ
Natera Inc 2.83%
eBay Inc 2.67%
Revolution Medicines Inc 2.10%
NetApp Inc 1.89%
Biogen Inc 1.86%
Illumina Inc 1.82%
Steel Dynamics Inc 1.79%
Elbit Systems Ltd 1.79%
Check overlap with more funds →

Window by window

Window by window: LENS vs QQQJ: Holdings Overlap & Returns
Total returnvs its benchmark
WindowLENSQQQJLENSQQQJ
3 months−0.5%−1.2%−0.3 pts vs BKLC−0.9 pts vs IWV
6 months−7.8%+6.2%−12.7 pts vs BKLC+1.3 pts vs IWV
1 year+28.3%+25.2%+14.0 pts vs BKLC+10.4 pts vs IWV
3 years–+91.2%–+10.2 pts vs IWV
Since launchNot the same days: LENS Jan 2025 · QQQJ Oct 2020+68.9%+74.3%+39.1 pts vs BKLC−53.2 pts vs IWV

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Side by side

LENS Sarmaya Thematic ETF · Holds 45 stocks in broad innovation and megatrends, 16% of its weight in S&P 500 companies QQQJ Invesco NASDAQ Next Gen 100 ETF · Holds 106 stocks in broad innovation and megatrends, 47% of its weight in S&P 500 companies
Issuer Sarmaya Invesco
Theme Broad innovation and megatrends Broad innovation and megatrends
In the S&P 500 16.0% 46.7%
Active share vs the S&P 500 98.9% 98.6%
In the Nasdaq-100 1.6% 0.0%
Holdings 45 106
Top ten, share of the fund 40.3% 20.3%
Expense ratio 0.79% 0.15%
Fee for the differing part 0.80% 0.15%
Total return, 1 year +28.3% +25.2%
vs its benchmark +14.0 pts vs BKLC +10.4 pts vs IWV
Below its high −17.6% −4.4%
Net assets, LENS as of Aug 31, 2026 and QQQJ as of Nov 3, 2026 $67m $1.2bn

As of Nov 4, 2026. Source: ETFIQ.

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

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About each fund
LENS

By weight, 16% of LENS's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 40% of the fund across 45 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +28.3% with distributions reinvested against +14.3% for its benchmark, the Solactive GBS United States 500 Index, so a holder was ahead by 14.0 pts. It sits 17.6% below its all-time high of Feb 27, 2026.

QQQJ

Over the year to Nov 4, 2026 the fund returned +25.2% with distributions reinvested against +14.8% for its benchmark, the Russell 3000 Index, so a holder was ahead by 10.4 pts.

By weight, 47% of QQQJ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 20% of the fund across 106 positions, as published by its issuer for Nov 3, 2026.

Questions people ask

Do LENS and QQQJ hold the same stocks?
By their latest filings, 0% 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, LENS or QQQJ?
LENS has 16% of its weight in S&P 500 names and QQQJ has 47%, so LENS differs more from the index.
Which is cheaper, LENS or QQQJ?
LENS charges 0.79% a year and QQQJ charges 0.15%, so QQQJ is cheaper. Fees come from each fund's prospectus.
Other comparisons
LENS vs XTLENS vs FDTXLENS vs ARKKLENS vs LFSCQQQJ vs TEKYQQQJ vs DTECQQQJ vs THMZQQQJ vs FDCF
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →LENS on its own →QQQJ on its own →LENS dividend history →LENS holdings →QQQJ dividend history →QQQJ holdings →Method →Standards and sources →
Sources and dates
LENS filings on SEC EDGAR ↗
LENS prospectus with the expense ratio (SEC) ↗
Sarmaya page for LENS ↗
QQQJ filings on SEC EDGAR ↗
QQQJ prospectus with the expense ratio (SEC) ↗
Invesco page for QQQJ ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, LENS against QQQJ, data as of Nov 4, 2026. https://etfiq.com/compare/themes/lens-vs-qqqj

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