Data as of .
PEXL vs WELD: which is really different?
PEXL and WELD hold 3% of their weight in the same names.
ETFIQ Off-Index Score: WELD 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
3% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, PEXL and WELD hold 3% of their money in the same securities at the same weight.
| Holding | PEXL | WELD |
|---|---|---|
| Linde PLC | 2.18% | 4.77% |
| AMETEK Inc | 0.51% | 3.03% |
| Ingersoll Rand Inc | 0.29% | 3.68% |
| Cognex Corp | 0.09% | 7.58% |
| Only in PEXL | Only in WELD |
|---|---|
| Broadcom Inc 5.75% | TIMKEN CO/THE 7.43% |
| Alphabet Inc 5.64% | GATES INDUSTRIAL CORP LTD 6.98% |
| Advanced Micro Devices Inc 5.43% | PARKER-HANNIFIN CORP 6.80% |
| Apple Inc 4.81% | APPLIED INDUSTRIAL TECHNOLOGIES INC 6.76% |
| Microsoft Corp 4.56% | TEREX CORP 6.26% |
| Meta Platforms Inc 4.41% | ATI INC 5.24% |
| Netflix Inc 3.71% | EATON CORP PLC 5.10% |
| Procter & Gamble Co/The 3.21% | CATERPILLAR INC 5.03% |
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 Apr 30, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| PEXL | WELD | PEXL | WELD | PEXL | WELD | |
| 3 months | −4.7% | not published | −6.9 pts | not published | −2.2 pts | not published |
| 6 months | +22.1% | not published | +4.1 pts | not published | −2.1 pts | not published |
| 1 year | +25.5% | not published | +8.9 pts | not published | +3.7 pts | not published |
| 3 years | +71.4% | not published | −7.0 pts | not published | −26.7 pts | not published |
| Since launch | +196.6% | −15.6% | −9.9 pts | −18.1 pts | −125.0 pts | −13.3 pts |
| PEXL Pacer US Export Leaders ETF Holds 100 stocks in reshoring and manufacturing, 97% of its weight in S&P 500 companies | WELD Tema U.S. Manufacturing & Reshoring ETF Holds 22 stocks in reshoring and manufacturing, 34% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Pacer | Tema |
| Theme | Reshoring and manufacturing | Reshoring and manufacturing |
| In the S&P 500 | 97.3% | 33.8% |
| Active share vs the S&P 500 | 68.8% | 98.1% |
| In the Nasdaq-100 | 63.4% | 4.8% |
| Holdings | 100 | 22 |
| Top ten, share of the fund | 43.5% | 62.0% |
| Expense ratio | 0.49% | 0.75% |
| Fee for the differing part | 0.71% | 0.76% |
| Total return, 1 year | +25.5% | −15.6% (since launch on Jun 22, 2026) |
| vs the S&P 500 | +8.9 pts | −18.1 pts |
| vs the Nasdaq-100 | +3.7 pts | −13.3 pts |
| Below its high | −5.1% | −16.0% |
| Net assets | $62m | $269m |
PEXL in plain words
By weight, 97% of PEXL's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 69%. The top ten holdings are 44% of the fund across 100 positions, as filed for Apr 30, 2026. Over the year to Sep 18, 2026 the fund returned +25.5% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 8.9 pts. It sits 5.1% below its all-time high of Jun 30, 2026.
WELD in plain words
By weight, 34% of WELD'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 62% of the fund across 22 positions, as published by its issuer for Sep 18, 2026. Since it launched on Jun 22, 2026 the fund returned −15.6% with distributions reinvested against +2.6% for the S&P 500, so a holder was behind by 18.1 pts. It sits 16.0% below its all-time high of Jun 30, 2026.
Questions people ask
- Do PEXL and WELD hold the same stocks?
- By their latest filings, 3% 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, PEXL or WELD?
- PEXL has 97% of its weight in S&P 500 names and WELD has 34%, so WELD differs more from the index.
- Which is cheaper, PEXL or WELD?
- PEXL charges 0.49% a year and WELD charges 0.75%, so PEXL 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, PEXL against WELD, data as of Sep 18, 2026. https://etfiq.com/compare/themes/pexl-vs-weld Free to use with attribution; the underlying files are at Open data.