Data as of .
QQQJ vs TNXT: which is really different?
QQQJ and TNXT hold 5% of their weight in the same names.
ETFIQ Off-Index Score: QQQJ 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
5% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, QQQJ and TNXT hold 5% of their money in the same securities at the same weight.
| Holding | QQQJ | TNXT |
|---|---|---|
| Guardant Health Inc | 1.20% | 0.70% |
| Natera Inc | 2.67% | 0.67% |
| Argenx SE | 1.38% | 0.46% |
| Royalty Pharma PLC | 1.31% | 0.45% |
| Affirm Holdings Inc | 1.06% | 0.45% |
| Roivant Sciences Ltd | 1.44% | 0.34% |
| Revolution Medicines Inc | 2.05% | 0.24% |
| Ascendis Pharma A/S | 0.74% | 0.23% |
| Summit Therapeutics Inc | 0.36% | 0.19% |
| GLOBALFOUNDRIES Inc | 0.90% | 0.18% |
| SS&C Technologies Holdings Inc | 0.97% | 0.15% |
| Medpace Holdings Inc | 0.88% | 0.14% |
| Only in QQQJ | Only in TNXT |
|---|---|
| eBay Inc 2.51% | NVIDIA CORP 7.23% |
| Flex Ltd 2.01% | APPLE INC 4.61% |
| NetApp Inc 1.97% | AMAZON.COM INC 3.02% |
| Illumina Inc 1.83% | BROADCOM INC 2.76% |
| United Airlines Holdings Inc 1.78% | MICROSOFT CORP 2.67% |
| Elbit Systems Ltd 1.75% | ALPHABET INC CL A 2.57% |
| Steel Dynamics Inc 1.71% | ADVANCED MICRO DEVICES 2.53% |
| Kimberly-Clark Corp 1.66% | ALPHABET INC CL C 2.28% |
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 Jun 30, 2026 and Sep 19, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| QQQJ | TNXT | QQQJ | TNXT | QQQJ | TNXT | |
| 3 months | −0.9% | +3.8% | −3.1 pts | +1.6 pts | +1.6 pts | +6.3 pts |
| 6 months | +22.6% | +27.4% | +4.6 pts | +9.3 pts | −1.6 pts | +3.1 pts |
| 1 year | +22.4% | not published | +5.8 pts | not published | +0.7 pts | not published |
| 3 years | +80.4% | not published | +2.0 pts | not published | −17.8 pts | not published |
| Since launch | +72.2% | +14.5% | −63.7 pts | +3.9 pts | −81.2 pts | −0.4 pts |
| QQQJ Invesco NASDAQ Next Gen 100 ETF Holds 108 stocks in broad innovation and megatrends, 46% of its weight in S&P 500 companies | TNXT T. Rowe Price Innovation Leaders ETF Holds 272 stocks in broad innovation and megatrends, 64% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Invesco | T. Rowe Price |
| Theme | Broad innovation and megatrends | Broad innovation and megatrends |
| In the S&P 500 | 46.2% | 64.3% |
| Active share vs the S&P 500 | 98.6% | 51.6% |
| In the Nasdaq-100 | 1.4% | 46.9% |
| Holdings | 108 | 272 |
| Top ten, share of the fund | 19.9% | 31.8% |
| Expense ratio | 0.15% | 0.49% |
| Fee for the differing part | 0.15% | 0.95% |
| Total return, 1 year | +22.4% | +14.5% (since launch on Jan 29, 2026) |
| vs the S&P 500 | +5.8 pts | +3.9 pts |
| vs the Nasdaq-100 | +0.7 pts | −0.4 pts |
| Below its high | −5.5% | −1.4% |
| Net assets | $1.2bn | $18m |
QQQJ in plain words
By weight, 46% 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 108 positions, as published by its issuer for Sep 19, 2026. Over the year to Sep 18, 2026 the fund returned +22.4% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 5.8 pts. It sits 5.5% below its all-time high of Aug 13, 2026.
TNXT in plain words
By weight, 64% of TNXT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 52%. The top ten holdings are 32% of the fund across 272 positions, as filed for Jun 30, 2026. Since it launched on Jan 29, 2026 the fund returned +14.5% with distributions reinvested against +10.6% for the S&P 500, so a holder was ahead by 3.9 pts.
Questions people ask
- Do QQQJ and TNXT hold the same stocks?
- By their latest filings, 5% 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, QQQJ or TNXT?
- QQQJ has 46% of its weight in S&P 500 names and TNXT has 64%, so QQQJ differs more from the index.
- Which is cheaper, QQQJ or TNXT?
- QQQJ charges 0.15% a year and TNXT charges 0.49%, so QQQJ 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, QQQJ against TNXT, data as of Sep 18, 2026. https://etfiq.com/compare/themes/qqqj-vs-tnxt Free to use with attribution; the underlying files are at Open data.