{"url":"https://etfiq.com/compare/themes/limi-vs-wats","section":"compare","title":"LIMI vs WATS: which is really different? | ETFIQ","description":"7.5% of LIMI and 28.9% of WATS is already in the S&P 500 by weight, as filed, and 5% of the two books are the same names at the same weight.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Do LIMI and WATS hold the same stocks?","acceptedAnswer":{"@type":"Answer","text":"By their latest filings, 5% 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."}},{"@type":"Question","name":"Which is more different from the S&P 500, LIMI or WATS?","acceptedAnswer":{"@type":"Answer","text":"LIMI has 8% of its weight in S&P 500 names and WATS has 29%, so LIMI differs more from the index."}},{"@type":"Question","name":"Which is cheaper, LIMI or WATS?","acceptedAnswer":{"@type":"Answer","text":"LIMI charges 0.35% a year and WATS charges 0.35%, so LIMI is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Thematic ETFs","item":"https://etfiq.com/themes/"},{"@type":"ListItem","position":3,"name":"LIMI vs WATS","item":"https://etfiq.com/compare/themes/limi-vs-wats"}]},{"@type":"WebPage","name":"LIMI vs WATS: which is really different?","description":"7.5% of LIMI and 28.9% of WATS is already in the S&P 500 by weight, as filed, and 5% of the two books are the same names at the same weight. Returns and overlap to Sep 30, 2026.","url":"https://etfiq.com/compare/themes/limi-vs-wats","dateModified":"2026-09-30","abstract":"LIMI and WATS hold 5% of their weight in the same names.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of LIMI and WATS","description":"7.5% of LIMI and 28.9% of WATS is already in the S&P 500 by weight, as filed, and 5% of the two books are the same names at the same weight. Returns and overlap to Sep 30, 2026.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/themes/limi-vs-wats","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/thematic.json"}],"variableMeasured":["Weight overlap with the S&P 500","Active share","Holdings","Top ten share of the fund","Total return","Fee for the differing part","Expense ratio"],"keywords":["exchange-traded funds","ETF","Thematic ETFs","fund data","SEC filings"]}],"characters":6702,"truncated":true,"content":"ETFIQ / Thematic ETFs / Head to head / LIMI vs WATS \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n LIMI vs WATS: which is really different?\n\n LIMI and WATS hold 5% of their weight in the same names.\n Copy this for sharing \n \n Themes Lithium & Battery Metal Miners ETF and Corgi Battery Energy Storage Systems ETF.\n\n Download as PDF \n\n 7.5% LIMI in the S&P 500 \n 28.9% WATS in the S&P 500 \n +12.1% LIMI total return, 1 year \n \u221224.9% WATS total return, since launch \n\n ETFIQ Off-Index Score: LIMI scores higher\n How much of it is not the index it is sold as an alternative to?\n","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/themes/limi-vs-wats","a":{"ticker":"LIMI","name":"Themes Lithium & Battery Metal Miners ETF","issuer":"Themes","desk":"themes","as_of":"2026-09-25","verdict":"LIMI holds 41 stocks, and 92% of its weight is outside the S&P 500.","url":"https://etfiq.com/funds/limi","key_facts":[{"label":"Already in the S&P 500","value":"7.5%","as_of":"2026-09-25","source":null},{"label":"Active share vs the S&P 500","value":"100.0%","as_of":"2026-09-25","source":null},{"label":"Top ten holdings","value":"52.6%","as_of":"2026-09-25","source":null},{"label":"Total return, 1 year","value":"+12.1%","as_of":"2026-09-25","source":null},{"label":"Net assets","value":"$2m","as_of":"2026-09-25","source":"issuer page, as of Sep 18, 2026"},{"label":"Expense ratio","value":"0.35%","as_of":"2026-09-25","source":"485BPOS XBRL, Jan 27, 2026"}]},"b":{"ticker":"WATS","name":"Corgi Battery Energy Storage Systems ETF","issuer":"Corgi","desk":"themes","as_of":"2026-09-30","verdict":"WATS holds 24 stocks, and 71% of its weight is outside the S&P 500.","url":"https://etfiq.com/funds/wats","key_facts":[{"label":"Already in the S&P 500","value":"28.9%","as_of":"2026-09-30","source":null},{"label":"Active share vs the S&P 500","value":"98.1%","as_of":"2026-09-30","source":null},{"label":"Top ten holdings","value":"65.2%","as_of":"2026-09-30","source":null},{"label":"Total return, since launch","value":"\u221224.9%","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$496,218","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.35%","as_of":"2026-09-30","source":"485BPOS XBRL, Apr 30, 2026"}]},"overlap_pct":5,"full_text_at":"https://etfiq.com/compare/themes/limi-vs-wats"}