Data as of .
NVIR vs PWER: which is really different?
NVIR and PWER hold 11% of their weight in the same names, and PWER returned more over the year.
ETFIQ Off-Index Score: PWER 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
11% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, NVIR and PWER hold 11% of their money in the same securities at the same weight.
| Holding | NVIR | PWER |
|---|---|---|
| EQT Corp | 4.08% | 3.27% |
| Expand Energy Corp | 2.69% | 2.87% |
| EOG Resources Inc | 2.60% | 3.80% |
| ConocoPhillips | 2.37% | 3.88% |
| Only in NVIR | Only in PWER |
|---|---|
| Texas Pacific Land Corp 6.25% | Steel Dynamics, Inc. 6.58% |
| CES Energy Solutions Corp 5.97% | Hudbay Minerals, Inc. 5.81% |
| Williams Cos Inc/The 5.62% | ERO Copper Corp. 5.14% |
| WaterBridge Infrastructure LLC 5.32% | Valero Energy Corp. 5.01% |
| Enerflex Ltd 4.22% | First Solar, Inc. 4.65% |
| Permian Basin Royalty Trust 4.02% | Generac Holdings, Inc. 4.63% |
| Cheniere Energy Inc 3.88% | Arcosa, Inc. 4.61% |
| Suncor Energy Inc 3.85% | Alcoa Corp. 4.12% |
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.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| NVIR | PWER | NVIR | PWER | NVIR | PWER | |
| 3 months | +5.4% | +6.9% | +3.2 pts | +4.6 pts | +7.9 pts | +9.4 pts |
| 6 months | −1.3% | +20.0% | −19.3 pts | +2.0 pts | −25.6 pts | −4.2 pts |
| 1 year | +25.8% | +44.4% | +9.2 pts | +27.8 pts | +4.0 pts | +22.6 pts |
| 3 years | +48.9% | not published | −29.5 pts | not published | −49.2 pts | not published |
| Since launch | +66.7% | +86.2% | −33.7 pts | +12.5 pts | −83.5 pts | −1.8 pts |
| NVIR Horizon Kinetics Energy and Remediation ETF Holds 39 stocks in energy transition and decarbonisation, 42% of its weight in S&P 500 companies | PWER Nomura Energy Transition ETF Holds 31 stocks in energy transition and decarbonisation, 43% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Horizon Kinetics | Nomura |
| Theme | Energy transition and decarbonisation | Energy transition and decarbonisation |
| In the S&P 500 | 41.9% | 43.2% |
| Active share vs the S&P 500 | 98.0% | 98.6% |
| In the Nasdaq-100 | 4.2% | 3.6% |
| Holdings | 39 | 31 |
| Top ten, share of the fund | 46.7% | 48.5% |
| Expense ratio | 0.85% | 0.79% |
| Fee for the differing part | 0.87% | 0.80% |
| Total return, 1 year | +25.8% | +44.4% |
| vs the S&P 500 | +9.2 pts | +27.8 pts |
| vs the Nasdaq-100 | +4.0 pts | +22.6 pts |
| Below its high | −4.2% | −3.3% |
| Net assets | $6m | $11m |
NVIR in plain words
By weight, 42% of NVIR'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 47% of the fund across 39 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned +25.8% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 9.2 pts.
PWER in plain words
By weight, 43% of PWER'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 48% of the fund across 31 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned +44.4% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 27.8 pts.
Questions people ask
- Do NVIR and PWER hold the same stocks?
- By their latest filings, 11% 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, NVIR or PWER?
- NVIR has 42% of its weight in S&P 500 names and PWER has 43%, so PWER differs more from the index.
- Which is cheaper, NVIR or PWER?
- NVIR charges 0.85% a year and PWER charges 0.79%, so PWER 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, NVIR against PWER, data as of Sep 18, 2026. https://etfiq.com/compare/themes/nvir-vs-pwer Free to use with attribution; the underlying files are at Open data.