{"url":"https://etfiq.com/compare/themes/nsi-vs-tses","section":"compare","title":"NSI vs TSES: which is really different? | ETFIQ","description":"0.0% of NSI and 88.4% of TSES is already in the S&P 500 by weight, as filed, and 0% 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 NSI and TSES hold the same stocks?","acceptedAnswer":{"@type":"Answer","text":"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."}},{"@type":"Question","name":"Which is more different from the S&P 500, NSI or TSES?","acceptedAnswer":{"@type":"Answer","text":"NSI has 0% of its weight in S&P 500 names and TSES has 88%, so NSI differs more from the index."}},{"@type":"Question","name":"Which is cheaper, NSI or TSES?","acceptedAnswer":{"@type":"Answer","text":"NSI charges 0.75% a year and TSES charges 0.65%, so TSES 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":"NSI vs TSES","item":"https://etfiq.com/compare/themes/nsi-vs-tses"}]},{"@type":"WebPage","name":"NSI vs TSES: which is really different?","description":"0.0% of NSI and 88.4% of TSES is already in the S&P 500 by weight, as filed, and 0% 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/nsi-vs-tses","dateModified":"2026-09-30","abstract":"NSI and TSES hold 0% 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 NSI and TSES","description":"0.0% of NSI and 88.4% of TSES is already in the S&P 500 by weight, as filed, and 0% 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/nsi-vs-tses","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":6540,"truncated":true,"content":"ETFIQ / Thematic ETFs / Head to head / NSI vs TSES \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n NSI vs TSES: which is really different?\n\n NSI and TSES hold 0% of their weight in the same names.\n Copy this for sharing \n \n National Security Emerging Markets Index ETF and Truth Social American Energy Security ETF.\n\n Download as PDF \n\n 0.0% NSI in the S&P 500 \n 88.4% TSES in the S&P 500 \n +19.6% NSI total return, 1 year \n +22.6% TSES total return, since launch \n\n ETFIQ Off-Index Score: NSI 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/nsi-vs-tses","a":{"ticker":"NSI","name":"National Security Emerging Markets Index ETF","issuer":"Tuttle","desk":"themes","as_of":"2026-09-30","verdict":"NSI holds 104 stocks, and 100% of its weight is outside the S&P 500.","url":"https://etfiq.com/funds/nsi","key_facts":[{"label":"Already in the S&P 500","value":"0.0%","as_of":"2026-09-30","source":null},{"label":"Active share vs the S&P 500","value":"100.0%","as_of":"2026-09-30","source":null},{"label":"Top ten holdings","value":"49.0%","as_of":"2026-09-30","source":null},{"label":"Total return, 1 year","value":"+19.6%","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$42m","as_of":"2026-09-30","source":"SEC filing, whole fund, as filed for May 31, 2026"},{"label":"Expense ratio","value":"0.75%","as_of":"2026-09-30","source":"485BPOS XBRL, Mar 25, 2026"}]},"b":{"ticker":"TSES","name":"Truth Social American Energy Security ETF","issuer":"Yorkville","desk":"themes","as_of":"2026-09-30","verdict":"TSES holds 70 stocks, and 12% of its weight is outside the S&P 500.","url":"https://etfiq.com/funds/tses","key_facts":[{"label":"Already in the S&P 500","value":"88.4%","as_of":"2026-09-30","source":null},{"label":"Active share vs the S&P 500","value":"94.7%","as_of":"2026-09-30","source":null},{"label":"Top ten holdings","value":"46.0%","as_of":"2026-09-30","source":null},{"label":"Total return, since launch","value":"+22.6%","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$8m","as_of":"2026-09-30","source":"SEC filing, whole fund, as filed for Jun 30, 2026"},{"label":"Expense ratio","value":"0.65%","as_of":"2026-09-30","source":"485BPOS XBRL, Dec 23, 2025"}]},"overlap_pct":0,"full_text_at":"https://etfiq.com/compare/themes/nsi-vs-tses"}