{"url":"https://etfiq.com/compare/themes/pswd-vs-spam","section":"compare","title":"PSWD vs SPAM: which is really different? | ETFIQ","description":"28.4% of PSWD and 26.4% of SPAM is already in the S&P 500 by weight, as filed, and 76% of the two books are the same names at the same weight.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Do PSWD and SPAM hold the same stocks?","acceptedAnswer":{"@type":"Answer","text":"By their latest filings, 76% of their books are the same securities at the same weight, which is close to holding one of them twice. Overlap is the sum of the smaller weight of every security they share."}},{"@type":"Question","name":"Which is more different from the S&P 500, PSWD or SPAM?","acceptedAnswer":{"@type":"Answer","text":"PSWD has 28% of its weight in S&P 500 names and SPAM has 26%, so SPAM differs more from the index."}},{"@type":"Question","name":"Which is cheaper, PSWD or SPAM?","acceptedAnswer":{"@type":"Answer","text":"PSWD charges 0.20% a year and SPAM charges 0.35%, so PSWD is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Thematic ETFs","item":"https://etfiq.com/themes/"},{"@type":"ListItem","position":3,"name":"PSWD vs SPAM","item":"https://etfiq.com/compare/themes/pswd-vs-spam"}]},{"@type":"WebPage","name":"PSWD vs SPAM: which is really different?","description":"28.4% of PSWD and 26.4% of SPAM is already in the S&P 500 by weight, as filed, and 76% of the two books are the same names at the same weight. Returns and overlap to Sep 30, 2026.","url":"https://etfiq.com/compare/themes/pswd-vs-spam","dateModified":"2026-09-30","abstract":"PSWD and SPAM hold 76% of their weight in the same names, and SPAM returned +35.1% over the year.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of PSWD and SPAM","description":"28.4% of PSWD and 26.4% of SPAM is already in the S&P 500 by weight, as filed, and 76% of the two books are the same names at the same weight. Returns and overlap to Sep 30, 2026.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/themes/pswd-vs-spam","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/thematic.json"}],"variableMeasured":["Weight overlap with the S&P 500","Active share","Holdings","Top ten share of the fund","Total return","Fee for the differing part","Expense ratio"],"keywords":["exchange-traded funds","ETF","Thematic ETFs","fund data","SEC filings"]}],"characters":6805,"truncated":true,"content":"ETFIQ / Thematic ETFs / Head to head / PSWD vs SPAM \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n PSWD vs SPAM: which is really different?\n\n PSWD and SPAM hold 76% of their weight in the same names, and SPAM returned +35.1% over the year.\n Copy this for sharing \n \n Xtrackers Cybersecurity Select Equity ETF and Themes Cybersecurity ETF.\n\n Download as PDF \n\n 28.4% PSWD in the S&P 500 \n 26.4% SPAM in the S&P 500 \n +30.2% PSWD total return, 1 year \n +35.1% SPAM total return, 1 year \n\n ETFIQ Off-Index Score: SPAM scores higher\n How much of it is not the index it is sold as","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/themes/pswd-vs-spam","a":{"ticker":"PSWD","name":"Xtrackers Cybersecurity Select Equity ETF","issuer":"Xtrackers","desk":"themes","as_of":"2026-09-30","verdict":"PSWD holds 52 stocks, and 72% of its weight is outside the S&P 500.","url":"https://etfiq.com/funds/pswd","key_facts":[{"label":"Already in the S&P 500","value":"28.4%","as_of":"2026-09-30","source":null},{"label":"Active share vs the S&P 500","value":"98.9%","as_of":"2026-09-30","source":null},{"label":"Top ten holdings","value":"52.0%","as_of":"2026-09-30","source":null},{"label":"Total return, 1 year","value":"+30.2%","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$6m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.20%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"b":{"ticker":"SPAM","name":"Themes Cybersecurity ETF","issuer":"Themes","desk":"themes","as_of":"2026-09-30","verdict":"SPAM holds 35 stocks, and 74% of its weight is outside the S&P 500.","url":"https://etfiq.com/funds/spam","key_facts":[{"label":"Already in the S&P 500","value":"26.4%","as_of":"2026-09-30","source":null},{"label":"Active share vs the S&P 500","value":"99.1%","as_of":"2026-09-30","source":null},{"label":"Top ten holdings","value":"54.4%","as_of":"2026-09-30","source":null},{"label":"Total return, 1 year","value":"+35.1%","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$7m","as_of":"2026-09-30","source":"issuer page, as of Sep 18, 2026"},{"label":"Expense ratio","value":"0.35%","as_of":"2026-09-30","source":"485BPOS XBRL, Jan 27, 2026"}]},"overlap_pct":76,"full_text_at":"https://etfiq.com/compare/themes/pswd-vs-spam"}