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Data as of Nov 4, 2026.

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Thematic ETFs

ONLN vs PNQI: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, ONLN returned +3.2% to PNQI's −5.8%; 16% of their weight is in the same names.

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Net assets: $61m on Nov 4, 2026 for ProShares Online Retail ETF, and $514m on Nov 3, 2026 for Invesco NASDAQ Internet ETF.

ONLN on its own →PNQI on its own →
At a glance
41.3%
ONLN in the S&P 500
75.9%
PNQI in the S&P 500
+3.2%
ONLN total return, 1 year
−5.8%
PNQI total return, 1 year
ONLN · 1 year to Nov 4, 2026 59% of its weight is outside the S&P 500
59% of its weight is outside the S&P 50041% of ONLN's weight is in S&P 500 companies and 59% is outside the index. Holdings as of Nov 3, 2026.41%59%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 96% · top ten 69% of the fund · 21 holdings as published by its issuer for Nov 3, 2026 · Nasdaq-100: 33% in59% of its weight is outside the S&P 50041% of ONLN's weight is in S&P 500 companies and 59% is outside the index. Holdings as of Nov 3, 2026.41%59%in the S&P 500outside the S&P 500active share 96% · Nasdaq-100: 33% in

41% of ONLN's weight is in S&P 500 companies and 59% is outside the index. Holdings as of Nov 3, 2026.

PNQI · 1 year to Nov 4, 2026 24% of its weight is outside the S&P 500
24% of its weight is outside the S&P 50076% of PNQI's weight is in S&P 500 companies and 24% is outside the index. Holdings as of Nov 3, 2026.76%24%of its weight in S&P 500 companiesoutside the S&P 500active share 79% · top ten 61% of the fund · 79 holdings as published by its issuer for Nov 3, 2026 · Nasdaq-100: 65% in24% of its weight is outside the S&P 50076% of PNQI's weight is in S&P 500 companies and 24% is outside the index. Holdings as of Nov 3, 2026.76%24%in the S&P 500outsideactive share 79% · Nasdaq-100: 65% in

76% of PNQI's weight is in S&P 500 companies and 24% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

ONLN costs 0.02 points a year less; their one-year returns differ by 9.0 points; PNQI is 8.7 times larger.

ONLN vs PNQI: Holdings Overlap & Returns
MeasureONLNPNQI
Return
Total return, 1 year+3.2%−5.8%
Drawdown
Below its all-time high33.3%, high on Feb 12, 20219.3%, high on Sep 19, 2025
Benchmark
What it tracksInternet and e-commerceInternet and e-commerce
Cost and size
Expense ratio0.58%0.60%
Net assets, as of Nov 3, 2026$59m$514m
Holdings
Holdings in common16%

Method

What they share

16%

By the books each fund has filed, ONLN and PNQI hold 16% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

0 half 100%

half

16% in common

Positions both hold · largest shared weight first ONLN PNQI
AMAZON.COM INC 23.35% 8.15%
MERCADOLIBRE INC 4.19% 2.31%
EBAY INC 8.83% 1.45%
ALIBABA GROUP HOLDING-SP ADR 7.76% 1.43%
SEA LTD-ADR 3.10% 0.92%
COUPANG INC 3.93% 0.68%
WAYFAIR INC- CLASS A 3.25% 0.36%
JD.COM INC-ADR 2.83% 0.35%
ETSY INC 3.14% 0.23%
GLOBAL-E ONLINE LTD 1.81% 0.19%
CHEWY INC - CLASS A 3.16% 0.14%
Only in one fund ↓
Only in ONLN
CARVANA CO 5.32%
PDD HOLDINGS INC 5.17%
WILLIAMS-SONOMA INC 3.78%
REALREAL INC 3.30%
PATTERN GROUP INC-CL A 3.02%
FIGS INC-CLASS A 2.97%
LIQUIDITY SERVICES INC 2.84%
THREDUP INC - CLASS A 2.80%
Only in PNQI
Meta Platforms Inc 9.17%
Apple Inc 8.85%
Microsoft Corp 8.68%
Alphabet Inc 7.01%
Walt Disney Co 4.49%
Shopify Inc 4.08%
Uber Technologies Inc 3.72%
Salesforce Inc 3.64%
Check overlap with more funds →

Window by window

Window by window: ONLN vs PNQI: Holdings Overlap & Returns
Total return
WindowONLNPNQI
3 months−0.5%+1.8%
6 months+1.1%+5.4%
1 year+3.2%−5.8%
3 years+96.3%+62.5%
Since launchNot the same days: ONLN Jul 2018 · PNQI Jun 2008+55.7%+957.1%

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Side by side

ONLN ProShares Online Retail ETF · Holds 21 stocks in internet and e-commerce, 41% of its weight in S&P 500 companies PNQI Invesco NASDAQ Internet ETF · Holds 79 stocks in internet and e-commerce, 76% of its weight in S&P 500 companies
Issuer ProShares Invesco
Theme Internet and e-commerce Internet and e-commerce
In the S&P 500 41.3% 75.9%
Active share vs the S&P 500 96.2% 78.9%
In the Nasdaq-100 32.7% 65.4%
Holdings 21 79
Top ten, share of the fund 68.9% 61.2%
Expense ratio 0.58% 0.60%
Fee for the differing part 0.60% 0.76%
Total return, 1 year +3.2% −5.8%
vs its benchmark not measured not measured
Below its high −33.3% −9.3%
Net assets, ONLN as of Nov 4, 2026 and PNQI as of Nov 3, 2026 $61m $514m

As of Nov 4, 2026. Source: ETFIQ.

16% of the two portfolios are the same securities at the same weight.

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About each fund
ONLN

By weight, 41% of ONLN's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 96%. The top ten holdings are 69% of the fund across 21 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +3.2% with distributions reinvested. It sits 33.3% below its all-time high of Feb 12, 2021.

PNQI

By weight, 76% of PNQI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 79%. The top ten holdings are 61% of the fund across 79 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −5.8% with distributions reinvested. It sits 9.3% below its all-time high of Sep 19, 2025.

Questions people ask

Do ONLN and PNQI hold the same stocks?
By their latest filings, 16% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, ONLN or PNQI?
ONLN has 41% of its weight in S&P 500 names and PNQI has 76%, so ONLN differs more from the index.
Which is cheaper, ONLN or PNQI?
ONLN charges 0.58% a year and PNQI charges 0.60%, so ONLN is cheaper. Fees come from each fund's prospectus.
Other comparisons
ONLN vs EMQQONLN vs ARKWONLN vs IBUYONLN vs FDNPNQI vs FDNPNQI vs INQQPNQI vs SOCLPNQI vs FDNI
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →ONLN on its own →PNQI on its own →ONLN dividend history →ONLN holdings →PNQI dividend history →PNQI holdings →Method →Standards and sources →
Sources and dates
ONLN filings on SEC EDGAR ↗
ONLN prospectus with the expense ratio (SEC) ↗
ProShares page for ONLN ↗
PNQI filings on SEC EDGAR ↗
PNQI prospectus with the expense ratio (SEC) ↗
Invesco page for PNQI ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, ONLN against PNQI, data as of Nov 4, 2026. https://etfiq.com/compare/themes/onln-vs-pnqi

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