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Data as of Nov 4, 2026.

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Thematic ETFs

LENS vs TNXT: Holdings Overlap & Returns

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LENS and TNXT hold 0% of their weight in the same names.

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Net assets: $67m on Aug 31, 2026 for Sarmaya Thematic ETF, and $19m on Nov 3, 2026 for T. Rowe Price Innovation Leaders ETF.

LENS on its own →TNXT on its own →
At a glance
16.0%
LENS in the S&P 500
64.2%
TNXT in the S&P 500
+28.3%
LENS total return, 1 year
+13.4%
TNXT total return, since launch, Jan 29, 2026
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.

TNXT · 6 months to Nov 4, 2026 36% of its weight is outside the S&P 500
36% of its weight is outside the S&P 50064% of TNXT's weight is in S&P 500 companies and 36% is outside the index. Holdings as of Jun 30, 2026.64%36%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 52% · top ten 32% of the fund · 272 holdings as filed for Jun 30, 2026 · Nasdaq-100: 47% in36% of its weight is outside the S&P 50064% of TNXT's weight is in S&P 500 companies and 36% is outside the index. Holdings as of Jun 30, 2026.64%36%in the S&P 500outsideactive share 52% · Nasdaq-100: 47% in

64% of TNXT's weight is in S&P 500 companies and 36% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

TNXT costs 0.30 points a year less.

Points (pts) are percentage points.

LENS vs TNXT: Holdings Overlap & Returns
MeasureLENSTNXT
Return
Total return, 1 year+28.3%not published
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%
Against its benchmark, 1 yearahead by 14.0 pts
Cost and size
Expense ratio0.79%0.49%
Net assets, LENS as of Aug 31, 2026 and TNXT as of Nov 3, 2026$67m$19m
Holdings
Holdings in common0%

Method

What they share

0%

By the books each fund has filed, LENS and TNXT hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first LENS TNXT
SLB Ltd 2.48% 0.30%
Baker Hughes Co 1.55% 0.19%
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 TNXT
NVIDIA CORP 7.22%
APPLE INC 4.60%
AMAZON.COM INC 3.02%
BROADCOM INC 2.75%
MICROSOFT CORP 2.67%
ALPHABET INC CL A 2.57%
ADVANCED MICRO DEVICES 2.53%
ALPHABET INC CL C 2.28%
Check overlap with more funds →

Window by window

Window by window: LENS vs TNXT: Holdings Overlap & Returns
Total returnvs its benchmark
WindowLENSTNXTLENSTNXT
3 months−0.5%−0.2%−0.3 pts vs BKLCnot measured
6 months−7.8%+6.6%−12.7 pts vs BKLCnot measured
1 year+28.3%–+14.0 pts vs BKLC–
Since launchNot the same days: LENS Jan 2025 · TNXT Jan 2026+68.9%+13.4%+39.1 pts vs BKLCnot measured

– means no data for this window. Open this comparison in the app →

Side by side

LENS Sarmaya Thematic ETF · Holds 45 stocks in broad innovation and megatrends, 16% of its weight in S&P 500 companies TNXT T. Rowe Price Innovation Leaders ETF · Holds 272 stocks in broad innovation and megatrends, 64% of its weight in S&P 500 companies
Issuer Sarmaya T. Rowe Price
Theme Broad innovation and megatrends Broad innovation and megatrends
In the S&P 500 16.0% 64.2%
Active share vs the S&P 500 98.9% 51.6%
In the Nasdaq-100 1.6% 47.1%
Holdings 45 272
Top ten, share of the fund 40.3% 31.8%
Expense ratio 0.79% 0.49%
Fee for the differing part 0.80% 0.95%
Total return, 1 year +28.3% +13.4% (since launch, Jan 29, 2026)
vs its benchmark +14.0 pts vs BKLC not measured
Below its high −17.6% −3.8%
Net assets, LENS as of Aug 31, 2026 and TNXT as of Nov 3, 2026 $67m $19m

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.

TNXT

By weight, 64% of TNXT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 52%. The top ten holdings are 32% of the fund across 272 positions, as filed for Jun 30, 2026. Since it first traded on Jan 29, 2026 the fund returned +13.4% with distributions reinvested.

Questions people ask

Do LENS and TNXT 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 TNXT?
LENS has 16% of its weight in S&P 500 names and TNXT has 64%, so LENS differs more from the index.
Which is cheaper, LENS or TNXT?
LENS charges 0.79% a year and TNXT charges 0.49%, so TNXT is cheaper. Fees come from each fund's prospectus.
Other comparisons
LENS vs BULDLENS vs BUYZLENS vs ABOTLENS vs XDATTNXT vs TEKYTNXT vs DTECTNXT vs FMEDTNXT 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 →TNXT on its own →LENS dividend history →LENS holdings →TNXT holdings →Method →Standards and sources →
Sources and dates
LENS filings on SEC EDGAR ↗
LENS prospectus with the expense ratio (SEC) ↗
Sarmaya page for LENS ↗
TNXT filings on SEC EDGAR ↗
TNXT prospectus with the expense ratio (SEC) ↗
T. Rowe Price website ↗

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.

Cite this pageCitation, APA and Markdown

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

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