Do NSI and TSES 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, NSI or TSES?

NSI has 0% of its weight in S&P 500 names and TSES has 88%, so NSI differs more from the index.

Which is cheaper, NSI or TSES?

NSI charges 0.75% a year and TSES charges 0.65%, so TSES is cheaper. Fees come from each fund's prospectus.

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NSI vs TSES: which is really different?

NSI and TSES hold 0% of their weight in the same names. National Security Emerging Markets Index ETF and Truth Social American Energy Security ETF.

0.0%

NSI in the S&P 500

88.4%

TSES in the S&P 500

+19.6%

NSI total return, 1 year

+22.6%

TSES total return, since launch

NSI · 1 year to Sep 30, 2026100% of its weight is outside the S&P 500

0% of NSI's weight is in S&P 500 companies and 100% is outside the index

TSES · 6 months to Sep 30, 202612% of its weight is outside the S&P 500

88% of TSES's weight is in S&P 500 companies and 12% is outside the index

ETFIQ Off-Index Score · NSI scores higherHow much of it is not the index it is sold as an alternative to?

NSI 92

TSES 31.3

0.1, the lowest in this set92.0, the highest

A percentile among the 375 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 →

What they hold in common

By the books each fund has filed, NSI and TSES hold 0% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and May 31, 2026.

50%

half

0% in common

Positions both hold, largest shared weight first

Holding NSI TSES

Only in NSI

TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD 16.59%

SAMSUNG ELECTRONICS CO LTD 9.48%

HON HAI PRECISION INDUSTRY COMPANY LTD 3.81%

ASE TECHNOLOGY HOLDING CO LTD 3.75%

CHINA CONSTRUCTION BANK CORP 3.54%

PING AN INSURANCE (GROUP) COMPANY OF CHINA LTD 2.56%

PDD HOLDINGS INC 2.55%

NASPERS LTD 2.31%

Only in TSES

Exxon Mobil Corp 6.93%

Chevron Corp 6.91%

Eaton Corp PLC 6.01%

GE Vernova Inc 4.69%

ConocoPhillips 4.32%

Quanta Services Inc 3.73%

NextEra Energy Inc 3.57%

Southern Co/The 3.52%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

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

Performance, window by window

	Total return		vs the S&P 500		vs the Nasdaq-100
Window	NSI	TSES	NSI	TSES	NSI	TSES
3 months	+1.1%	+2.1%	−1.4 pts	−0.4 pts	−1.0 pts	0.0 pts
6 months	+7.5%	+1.3%	−9.5 pts	−15.7 pts	−19.4 pts	−25.6 pts
1 year	+19.6%	not published	+3.9 pts	not published	−4.1 pts	not published
Since launch NSI Dec 2023 · TSES Dec 2025	+60.4%	+22.6%	−12.2 pts	+10.8 pts	−32.3 pts	+2.8 pts

NSI and TSES over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

NSI

National Security Emerging Markets Index ETF · Holds 104 stocks in energy security and critical technology, 0% of its weight in S&P 500 companies

TSES

Truth Social American Energy Security ETF · Holds 70 stocks in energy security and critical technology, 88% of its weight in S&P 500 companies

Issuer Tuttle Yorkville

Theme Energy security and critical technology Energy security and critical technology

In the S&P 500 0.0% 88.4%

Active share vs the S&P 500 100.0% 94.7%

In the Nasdaq-100 4.2% 11.2%

Holdings 104 70

Top ten, share of the fund 49.0% 46.0%

Expense ratio 0.75% 0.65%

Fee for the differing part 0.75% 0.69%

Total return, 1 year +19.6% +22.6% (since launch on Dec 30, 2025)

vs the S&P 500 +3.9 pts +10.8 pts

vs the Nasdaq-100 −4.1 pts +2.8 pts

Below its high −4.4% −5.2%

Net assets $42m $8m

NSI and TSES on the same fields, as of Sep 30, 2026. Source: ETFIQ.

NSI in plain words

By weight, 0% of NSI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 49% of the fund across 104 positions, as filed for May 31, 2026. Over the year to Sep 30, 2026 the fund returned +19.6% with distributions reinvested against +15.7% for the S&P 500, so a holder was ahead by 3.9 pts.

TSES in plain words

By weight, 88% of TSES's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 95%. The top ten holdings are 46% of the fund across 70 positions, as filed for Jun 30, 2026. Since it launched on Dec 30, 2025 the fund returned +22.6% with distributions reinvested against +11.9% for the S&P 500, so a holder was ahead by 10.8 pts. It sits 5.2% below its all-time high of Aug 17, 2026.

Questions people ask

Do NSI and TSES 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, NSI or TSES?: NSI has 0% of its weight in S&P 500 names and TSES has 88%, so NSI differs more from the index.
Which is cheaper, NSI or TSES?: NSI charges 0.75% a year and TSES charges 0.65%, so TSES is cheaper. Fees come from each fund's prospectus.

Other comparisons

NSI vs CRTC NSI vs DRES NSI vs IETC TSES vs CRTC TSES vs DRES TSES vs IETC

NSI on its own →TSES on its own →How every figure is computed →Standards and sources →

Where these figures came from

NSI filings on SEC EDGAR ↗NSI prospectus with the expense ratio (SEC) ↗Tuttle website ↗TSES filings on SEC EDGAR ↗TSES prospectus with the expense ratio (SEC) ↗Yorkville website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, NSI against TSES, data as of Sep 30, 2026. https://etfiq.com/compare/themes/nsi-vs-tses

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.