Data as of .
LENS vs XDAT: which is really different?
LENS and XDAT hold 0% of their weight in the same names, and LENS returned more over the year.
ETFIQ Off-Index Score: LENS 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
0% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, LENS and XDAT hold 0% of their money in the same securities at the same weight.
| Only in LENS | Only in XDAT |
|---|---|
| SPDR Gold MiniShares Trust 9.04% | CLOUDFLARE INC 10.14% |
| iShares Gold Trust Micro 5.81% | ALPHABET INC 9.76% |
| Chevron Corp 4.22% | META PLATFORMS INC 6.43% |
| Exxon Mobil Corp 4.22% | SNOWFLAKE INC 5.03% |
| iShares Silver Trust 4.22% | APPLOVIN CORP 5.02% |
| Kinross Gold Corp 3.96% | PALO ALTO NETWORKS INC 4.54% |
| Agnico Eagle Mines Ltd 3.03% | CROWDSTRIKE HOLDINGS INC 4.39% |
| Gold Fields Ltd 2.85% | DATADOG INC 4.11% |
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 May 29, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| LENS | XDAT | LENS | XDAT | LENS | XDAT | |
| 3 months | +12.1% | +10.6% | +9.9 pts | +8.3 pts | +14.6 pts | +13.1 pts |
| 6 months | +6.7% | +23.9% | −11.3 pts | +5.9 pts | −17.5 pts | −0.3 pts |
| 1 year | +46.4% | −4.8% | +29.8 pts | −21.4 pts | +24.6 pts | −26.6 pts |
| 3 years | not published | +47.1% | not published | −31.3 pts | not published | −51.1 pts |
| Since launch | +84.9% | +9.1% | +55.8 pts | −108.2 pts | +45.4 pts | −127.9 pts |
| LENS Sarmaya Thematic ETF Holds 43 stocks in broad innovation and megatrends, 22% of its weight in S&P 500 companies | XDAT Franklin Exponential Data ETF Holds 59 stocks in broad innovation and megatrends, 61% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Sarmaya | Franklin |
| Theme | Broad innovation and megatrends | Broad innovation and megatrends |
| In the S&P 500 | 21.7% | 61.1% |
| Active share vs the S&P 500 | 97.9% | 86.2% |
| In the Nasdaq-100 | 1.7% | 49.6% |
| Holdings | 43 | 59 |
| Top ten, share of the fund | 42.3% | 56.7% |
| Expense ratio | 0.79% | 0.50% |
| Fee for the differing part | 0.81% | 0.58% |
| Total return, 1 year | +46.4% | −4.8% |
| vs the S&P 500 | +29.8 pts | −21.4 pts |
| vs the Nasdaq-100 | +24.6 pts | −26.6 pts |
| Below its high | −9.8% | −12.3% |
| Net assets | $53m | $4m |
LENS in plain words
By weight, 22% of LENS'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 42% of the fund across 43 positions, as filed for May 29, 2026. Over the year to Sep 18, 2026 the fund returned +46.4% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 29.8 pts. It sits 9.8% below its all-time high of Feb 27, 2026.
XDAT in plain words
By weight, 61% of XDAT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 86%. The top ten holdings are 57% of the fund across 59 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned −4.8% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 21.4 pts. It sits 12.3% below its all-time high of Nov 9, 2021.
Questions people ask
- Do LENS and XDAT hold the same stocks?
- By their latest filings, 0% 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, LENS or XDAT?
- LENS has 22% of its weight in S&P 500 names and XDAT has 61%, so LENS differs more from the index.
- Which is cheaper, LENS or XDAT?
- LENS charges 0.79% a year and XDAT charges 0.50%, so XDAT 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, LENS against XDAT, data as of Sep 18, 2026. https://etfiq.com/compare/themes/lens-vs-xdat Free to use with attribution; the underlying files are at Open data.