Data as of Nov 4, 2026.

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Thematic ETFs

PIEL vs WELD: Holdings Overlap & Returns

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PIEL and WELD hold 0% of their weight in the same names.

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Net assets on Nov 3, 2026: $1.1m for Pacer International Export Leaders ETF and $251m for Tema U.S. Manufacturing & Reshoring ETF.

At a glance
PIEL · 6 months to Nov 4, 2026 100% of its weight is outside the S&P 500
100% of its weight is outside the S&P 5000% of PIEL's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jul 31, 2026.0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 39% of the fund · 100 holdings as filed for Jul 31, 2026 · Nasdaq-100: 3% in100% of its weight is outside the S&P 5000% of PIEL's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jul 31, 2026.0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · Nasdaq-100: 3% in

0% of PIEL's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jul 31, 2026.

WELD · 3 months to Nov 4, 2026 61% of its weight is outside the S&P 500
61% of its weight is outside the S&P 50039% of WELD's weight is in S&P 500 companies and 61% is outside the index. Holdings as of Nov 3, 2026.39%61%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 98% · top ten 63% of the fund · 21 holdings as published by its issuer for Nov 3, 2026 · Nasdaq-100: 5% in61% of its weight is outside the S&P 50039% of WELD's weight is in S&P 500 companies and 61% is outside the index. Holdings as of Nov 3, 2026.39%61%in the S&P 500outside the S&P 500active share 98% · Nasdaq-100: 5% in

39% of WELD's weight is in S&P 500 companies and 61% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

PIEL costs 0.26 points a year less; WELD is far larger, $251m against $1.1m.

Points (pts) are percentage points.

PIEL vs WELD: Holdings Overlap & Returns
MeasurePIELWELD
Drawdown
Below its all-time high21.1%, high on Jun 30, 2026
Benchmark
What it tracksReshoring and manufacturingReshoring and manufacturing
Cost and size
Expense ratio0.49%0.75%
Net assets, as of Nov 3, 2026$1.1m$251m
Holdings
Holdings in common0%

Method

What they share

0%

By the books each fund has filed, PIEL and WELD hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first PIEL WELD
Only in one fund ↓
Only in PIEL
ASML Holding NV 4.92%
SK hynix Inc 4.54%
Novartis AG 4.38%
Samsung Electronics Co Ltd 4.32%
Roche Holding AG 4.21%
LVMH Moet Hennessy Louis Vuitt 3.69%
AstraZeneca PLC 3.62%
Nestle SA 3.52%
Only in WELD
TIMKEN CO 7.13%
GATES INDUSTRIAL CORP LTD 7.04%
PARKER-HANNIFIN CORP 6.93%
COGNEX CORP 6.90%
APPLIED INDUSTRIAL TECHNOLOGIES INC 6.62%
TEREX CORP 6.45%
INGERSOLL RAND INC 6.07%
NOVANTA INC 5.51%
Check overlap with more funds →

Window by window

Window by window: PIEL vs WELD: Holdings Overlap & Returns
Total returnvs its benchmark
WindowPIELWELDPIELWELD
3 months−1.3%−15.4%+0.3 pts vs EFAnot measured
6 months+5.4%–+2.9 pts vs EFA–
Since launch+14.1%–+2.6 pts vs EFA–

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Side by side

PIEL Pacer International Export Leaders ETF · Holds 100 stocks in reshoring and manufacturing, 0% of its weight in S&P 500 companies WELD Tema U.S. Manufacturing & Reshoring ETF · Holds 21 stocks in reshoring and manufacturing, 39% of its weight in S&P 500 companies
Issuer Pacer Tema
Theme Reshoring and manufacturing Reshoring and manufacturing
In the S&P 500 0.0% 38.9%
Active share vs the S&P 500 100.0% 98.0%
In the Nasdaq-100 2.6% 4.5%
Holdings 100 21
Top ten, share of the fund 39.2% 63.1%
Expense ratio 0.49% 0.75%
Fee for the differing part 0.49% 0.77%
Total return, 1 year +14.1% (since launch, Dec 23, 2025) not available
vs its benchmark +2.6 pts vs EFA (since launch, Dec 23, 2025) not available
Below its high −4.2% −21.1%
Net assets, as of Nov 3, 2026 $1.1m $251m

As of Nov 4, 2026. Source: ETFIQ.

0% of the two portfolios are the same securities at the same weight.

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About each fund
PIEL

By weight, 0% of PIEL's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 39% of the fund across 100 positions, as filed for Jul 31, 2026. Since it first traded on Dec 23, 2025 the fund returned +14.1% with distributions reinvested.

WELD

By weight, 39% 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 63% of the fund across 21 positions, as published by its issuer for Nov 3, 2026. It sits 21.1% below its all-time high of Jun 30, 2026.

Questions people ask

Do PIEL and WELD hold the same stocks?
By their latest filings, 0% 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, PIEL or WELD?
PIEL has 0% of its weight in S&P 500 names and WELD has 39%, so PIEL differs more from the index.
Which is cheaper, PIEL or WELD?
PIEL charges 0.49% a year and WELD charges 0.75%, so PIEL is cheaper. Fees come from each fund's prospectus.
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Sources and dates

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.

Cite this pageCitation, APA and Markdown

ETFIQ, PIEL against WELD, data as of Nov 4, 2026. https://etfiq.com/compare/themes/piel-vs-weld

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