Do QQQJ and TMAT hold the same stocks?

By their latest filings, 6% 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, QQQJ or TMAT?

QQQJ has 47% of its weight in S&P 500 names and TMAT has 50%, so QQQJ differs more from the index.

Which is cheaper, QQQJ or TMAT?

QQQJ charges 0.15% a year and TMAT charges 0.79%, so QQQJ is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

QQQJ vs TMAT: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, QQQJ returned +25.2% to TMAT's −3.1%; 6% of their weight is in the same names.

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Net assets: $1.2bn on Nov 3, 2026 for Invesco NASDAQ Next Gen 100 ETF, and $237m on Jul 31, 2026 for Main Thematic Innovation ETF.

QQQJ on its own →TMAT on its own →

At a glance

46.7%

QQQJ in the S&P 500

50.3%

TMAT in the S&P 500

+25.2%

QQQJ total return, 1 year

−3.1%

TMAT total return, 1 year

QQQJ · 1 year to Nov 4, 2026 53% of its weight is outside the S&P 500

47% of QQQJ's weight is in S&P 500 companies and 53% is outside the index. Holdings as of Nov 3, 2026.

TMAT · 1 year to Nov 4, 2026 50% of its weight is outside the S&P 500

50% of TMAT's weight is in S&P 500 companies and 50% is outside the index. Holdings as of Jul 31, 2026.

Pair scorecard

QQQJ costs 0.64 points a year less; their one-year returns differ by 28.3 points.

Points (pts) are percentage points.

QQQJ vs TMAT: Holdings Overlap & Returns
Measure	QQQJ	TMAT
Return
Measure	QQQJ	TMAT
Total return, 1 year	+25.2%	−3.1%
Drawdown
Measure	QQQJ	TMAT
Below its all-time high		15.9%, high on Jun 30, 2026
Against its benchmark
Measure	QQQJ	TMAT
What it tracks	Broad innovation and megatrends	Broad innovation and megatrends
Its benchmark, total return, 1 year	+14.8%	+15.0%
Against its benchmark, 1 year	ahead by 10.4 pts	behind by 18.1 pts
Cost and size
Measure	QQQJ	TMAT
Expense ratio	0.15%	0.79%
Net assets, QQQJ as of Nov 3, 2026 and TMAT as of Jul 31, 2026	$1.2bn	$237m
Holdings
Measure	QQQJ	TMAT
Holdings in common	6%

Method

Risk and return

Feb 5, 2021 to Oct 30, 2026 · 299 weekly returns

QQQJ TMAT

Return

Total return edge QQQJ +36.9% +2.3%

Annualized edge QQQJ +5.6% +0.4%

Price return edge QQQJ +30.5% +1.8%

Risk

Volatility edge QQQJ 20.4% 28.5%

Max drawdown edge QQQJ −39.2% −58.5%

Downside capture 113.1% 137.1%

Beta 1.17 1.58

Risk-adjusted

Sharpe edge QQQJ 0.20 0.04

Sortino edge QQQJ 0.29 0.05

Treynor 0.069 0.006

Calmar edge QQQJ 0.14 0.01

Against the benchmark

Alpha −5.5% a year −11.7% a year

Alpha t-stat −1.48 −1.72

Information ratio −0.37 −0.38

Tracking error 9.4% 18.4%

Each against its own benchmark: QQQJ against IWV, Oct 23, 2020 to Oct 30, 2026; TMAT against ACWI, Feb 5, 2021 to Oct 30, 2026.

Reading

From Feb 2021 to Oct 2026, QQQJ returned more: +36.9% to +2.3%. QQQJ swung less: 20.4% to 28.5%. QQQJ fell less at its worst: −39.2% to −58.5%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: QQQJ vs TMAT: Holdings Overlap & Returns
Measure	QQQJ	TMAT	Edge	How it is measured
Return
Total return	+36.9%	+2.3%	QQQJ	Price change plus distributions, reinvested.
Annualized	+5.6%	+0.4%	QQQJ	Total return as a yearly rate.
Price return	+30.5%	+1.8%	QQQJ	Price change alone, distributions left out.
Risk
Volatility	20.4%	28.5%	QQQJ	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	14.1%	20.2%	QQQJ	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−39.2%	−58.5%	QQQJ	Deepest fall from a high to the low after it.
Upside capture	113.3%	171.0%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	113.1%	137.1%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	1.17	1.58	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.82	0.68	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.20	0.04	QQQJ	Return above Treasury bills per unit of volatility.
Sortino	0.29	0.05	QQQJ	Return above Treasury bills per unit of downside deviation.
Treynor	0.069	0.006		Return above Treasury bills per unit of beta.
Calmar	0.14	0.01	QQQJ	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	IWV	ACWI		The ETF each fund is measured against.
Alpha	−5.5% a year	−11.7% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−1.48	−1.72	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−12.7% to +1.8%	−25.1% to +1.7%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.37	−0.38		Return against its benchmark per unit of tracking error.
Tracking error	9.4%	18.4%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 299 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, QQQJ and TMAT hold 6% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

6% in common

Positions both hold · largest shared weight first QQQJ TMAT

Steel Dynamics Inc 1.79% 1.09%

Woodward Inc 0.99% 1.30%

F5 Inc 0.95% 1.46%

Gen Digital Inc 0.90% 1.23%

Trimble Inc 0.77% 0.71%

Elbit Systems Ltd 1.79% 0.58%

Insulet Corp 0.54% 1.07%

Kratos Defense & Security Solutions Inc 0.39% 0.42%

AeroVironment Inc 0.32% 0.43%

Only in one fund ↓

Only in QQQJ

Natera Inc 2.83%

eBay Inc 2.67%

Revolution Medicines Inc 2.10%

NetApp Inc 1.89%

Biogen Inc 1.86%

Illumina Inc 1.82%

United Airlines Holdings Inc 1.76%

Kimberly-Clark Corp 1.75%

Only in TMAT

PALO ALTO NETWORKS INC 4.46%

MICRON TECHNOLOGY INC 4.23%

CROWDSTRIKE HOLDINGS INC 2.77%

FORTINET INC 2.63%

CLEAR SECURE INC 2.43%

VICOR CORP 2.18%

HINGE HEALTH INC 2.09%

LUMENTUM HOLDINGS INC 2.06%

Check overlap with more funds →

Window by window

Window by window: QQQJ vs TMAT: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	QQQJ	TMAT	QQQJ	TMAT
3 months	−1.2%	−9.4%	−0.9 pts vs IWV	−8.1 pts vs ACWI
6 months	+6.2%	−4.9%	+1.3 pts vs IWV	−7.5 pts vs ACWI
1 year	+25.2%	−3.1%	+10.4 pts vs IWV	−18.1 pts vs ACWI
3 years	+91.2%	+92.3%	+10.2 pts vs IWV	+14.7 pts vs ACWI
Since launchNot the same days: QQQJ Oct 2020 · TMAT Jan 2021	+74.3%	+7.5%	−53.2 pts vs IWV	−85.1 pts vs ACWI

Open this comparison in the app →

Side by side

QQQJ Invesco NASDAQ Next Gen 100 ETF · Holds 106 stocks in broad innovation and megatrends, 47% of its weight in S&P 500 companies TMAT Main Thematic Innovation ETF · Holds 87 stocks in broad innovation and megatrends, 50% of its weight in S&P 500 companies

Issuer Invesco Main

Theme Broad innovation and megatrends Broad innovation and megatrends

In the S&P 500 46.7% 50.3%

Active share vs the S&P 500 98.6% 91.6%

In the Nasdaq-100 0.0% 29.4%

Holdings 106 87

Top ten, share of the fund 20.3% 26.9%

Expense ratio 0.15% 0.79%

Fee for the differing part 0.15% 0.86%

Total return, 1 year +25.2% −3.1%

vs its benchmark +10.4 pts vs IWV −18.1 pts vs ACWI

Below its high −4.4% −15.9%

Net assets, QQQJ as of Nov 3, 2026 and TMAT as of Jul 31, 2026 $1.2bn $237m

As of Nov 4, 2026. Source: ETFIQ.

6% of the two portfolios are the same securities at the same weight.

Client brief:

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About each fund

QQQJ

Over the year to Nov 4, 2026 the fund returned +25.2% with distributions reinvested against +14.8% for its benchmark, the Russell 3000 Index, so a holder was ahead by 10.4 pts.

By weight, 47% of QQQJ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 20% of the fund across 106 positions, as published by its issuer for Nov 3, 2026.

TMAT

By weight, 50% of TMAT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 92%. The top ten holdings are 27% of the fund across 87 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned −3.1% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index Net, so a holder was behind by 18.1 pts. It sits 15.9% below its all-time high of Jun 30, 2026.

Questions people ask

Do QQQJ and TMAT hold the same stocks?: By their latest filings, 6% 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, QQQJ or TMAT?: QQQJ has 47% of its weight in S&P 500 names and TMAT has 50%, so QQQJ differs more from the index.
Which is cheaper, QQQJ or TMAT?: QQQJ charges 0.15% a year and TMAT charges 0.79%, so QQQJ is cheaper. Fees come from each fund's prospectus.

Other comparisons

QQQJ vs XT QQQJ vs ARKK QQQJ vs ABOT QQQJ vs XDAT TMAT vs XT TMAT vs FDTX TMAT vs FRWD TMAT vs ARKK

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →QQQJ on its own →TMAT on its own →QQQJ dividend history →QQQJ holdings →TMAT dividend history →TMAT holdings →Method →Standards and sources →

Sources and dates

QQQJ filings on SEC EDGAR ↗

QQQJ prospectus with the expense ratio (SEC) ↗

Invesco page for QQQJ ↗

TMAT filings on SEC EDGAR ↗

TMAT prospectus with the expense ratio (SEC) ↗

Main website ↗

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, QQQJ against TMAT, data as of Nov 4, 2026. https://etfiq.com/compare/themes/qqqj-vs-tmat

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.