Data as of .
NVIR vs USNZ: which is really different?
NVIR and USNZ hold 0% of their weight in the same names, and NVIR returned more over the year.
ETFIQ Off-Index Score: NVIR 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, NVIR and USNZ hold 0% of their money in the same securities at the same weight.
| Holding | NVIR | USNZ |
|---|---|---|
| Ecolab Inc | 1.90% | 0.16% |
| IDEXX Laboratories Inc | 1.14% | 0.12% |
| Only in NVIR | Only in USNZ |
|---|---|
| Texas Pacific Land Corp 6.25% | NVIDIA CORP 9.67% |
| CES Energy Solutions Corp 5.97% | APPLE INC 8.72% |
| Williams Cos Inc/The 5.62% | MICROSOFT CORP 6.40% |
| WaterBridge Infrastructure LLC 5.32% | AMAZON.COM INC 4.15% |
| Enerflex Ltd 4.22% | ALPHABET INC 4.02% |
| EQT Corp 4.08% | ALPHABET INC 3.38% |
| Permian Basin Royalty Trust 4.02% | BROADCOM INC 3.37% |
| Cheniere Energy Inc 3.88% | META PLATFORMS INC 2.39% |
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 | |||
|---|---|---|---|---|---|---|
| NVIR | USNZ | NVIR | USNZ | NVIR | USNZ | |
| 3 months | +5.4% | +2.5% | +3.2 pts | +0.3 pts | +7.9 pts | +5.0 pts |
| 6 months | −1.3% | +21.1% | −19.3 pts | +3.1 pts | −25.6 pts | −3.1 pts |
| 1 year | +25.8% | +16.8% | +9.2 pts | +0.2 pts | +4.0 pts | −5.0 pts |
| 3 years | +48.9% | +77.0% | −29.5 pts | −1.4 pts | −49.2 pts | −21.2 pts |
| Since launch | +66.7% | +108.4% | −33.7 pts | −3.2 pts | −83.5 pts | −52.3 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 | USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF Holds 306 stocks in energy transition and decarbonisation, 98% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Horizon Kinetics | Xtrackers |
| Theme | Energy transition and decarbonisation | Energy transition and decarbonisation |
| In the S&P 500 | 41.9% | 97.9% |
| Active share vs the S&P 500 | 98.0% | 23.0% |
| In the Nasdaq-100 | 4.2% | 62.8% |
| Holdings | 39 | 306 |
| Top ten, share of the fund | 46.7% | 46.1% |
| Expense ratio | 0.85% | 0.10% |
| Fee for the differing part | 0.87% | 0.43% |
| Total return, 1 year | +25.8% | +16.8% |
| vs the S&P 500 | +9.2 pts | +0.2 pts |
| vs the Nasdaq-100 | +4.0 pts | −5.0 pts |
| Below its high | −4.2% | −1.4% |
| Net assets | $6m | $298m |
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.
USNZ in plain words
By weight, 98% of USNZ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 23%. The top ten holdings are 46% of the fund across 306 positions, as filed for May 29, 2026. Over the year to Sep 18, 2026 the fund returned +16.8% with distributions reinvested against +16.6% for the S&P 500, so a holder was about even.
Questions people ask
- Do NVIR and USNZ 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, NVIR or USNZ?
- NVIR has 42% of its weight in S&P 500 names and USNZ has 98%, so NVIR differs more from the index.
- Which is cheaper, NVIR or USNZ?
- NVIR charges 0.85% a year and USNZ charges 0.10%, so USNZ 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 USNZ, data as of Sep 18, 2026. https://etfiq.com/compare/themes/nvir-vs-usnz Free to use with attribution; the underlying files are at Open data.