Data as of .
RACK vs WUGI: which is really different?
RACK and WUGI hold 29% of their weight in the same names.
ETFIQ Off-Index Score: RACK 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
29% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, RACK and WUGI hold 29% of their money in the same securities at the same weight.
| Holding | RACK | WUGI |
|---|---|---|
| Nvidia Corp | 4.60% | 4.83% |
| Micron Technology Inc | 4.58% | 7.26% |
| Broadcom Inc | 4.48% | 3.88% |
| Advanced Micro Devices Inc | 2.99% | 5.49% |
| Sandisk Corp/De | 2.80% | 4.54% |
| Eaton Corp Plc | 4.74% | 2.52% |
| Marvell Technology Inc | 1.26% | 5.85% |
| Qualcomm Inc | 1.18% | 2.05% |
| Quanta Services Inc | 3.07% | 0.98% |
| Cadence Design Systems Inc | 0.95% | 2.75% |
| Synopsys Inc | 0.93% | 2.21% |
| Seagate Technology Holdings Plc | 2.24% | 0.89% |
| Only in RACK | Only in WUGI |
|---|---|
| Amphenol Corp 4.41% | TAIWAN SEMICONDUCTOR MANUFACTURING COMPA 8.24% |
| Sk Hynix Inc 4.37% | APPLIED MATERIALS INC 5.89% |
| Cameco Corp 4.22% | INTEL CORP 5.03% |
| Constellation Energy Corp 4.01% | ASML HOLDING NV 4.58% |
| Public Service Enterprise Group Inc 3.94% | AMAZON.COM INC 4.53% |
| Oracle Corp 3.04% | ALPHABET INC 4.31% |
| Vertiv Holdings Co 2.71% | GE VERNOVA INC 3.78% |
| Arista Networks Inc 2.58% | ROBINHOOD MARKETS INC 2.91% |
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 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| RACK | WUGI | RACK | WUGI | RACK | WUGI | |
| 3 months | −10.7% | −10.3% | −12.9 pts | −12.6 pts | −8.2 pts | −7.8 pts |
| 6 months | not published | +30.2% | not published | +12.2 pts | not published | +6.0 pts |
| 1 year | not published | +17.5% | not published | +1.0 pts | not published | −4.2 pts |
| 3 years | not published | +141.2% | not published | +62.8 pts | not published | +43.0 pts |
| Since launch | −9.5% | +324.9% | −10.2 pts | +101.7 pts | −6.3 pts | +31.6 pts |
| RACK VanEck Data Center Supply Chain ETF Holds 50 stocks in digital infrastructure and data centers, 77% of its weight in S&P 500 companies | WUGI AXS Esoterica NextG Economy ETF Holds 31 stocks in digital infrastructure and data centers, 76% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | VanEck | AXS |
| Theme | Digital infrastructure and data centers | Digital infrastructure and data centers |
| In the S&P 500 | 76.8% | 75.8% |
| Active share vs the S&P 500 | 83.9% | 75.1% |
| In the Nasdaq-100 | 33.6% | 69.2% |
| Holdings | 50 | 31 |
| Top ten, share of the fund | 43.7% | 56.2% |
| Expense ratio | 0.50% | 0.84% |
| Fee for the differing part | 0.60% | 1.12% |
| Total return, 1 year | −9.5% (since launch on Jun 2, 2026) | +17.5% |
| vs the S&P 500 | −10.2 pts | +1.0 pts |
| vs the Nasdaq-100 | −6.3 pts | −4.2 pts |
| Below its high | −11.8% | −10.8% |
| Net assets | $64m | $33m |
RACK in plain words
By weight, 77% of RACK's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 84%. The top ten holdings are 44% of the fund across 50 positions, as published by its issuer for Sep 18, 2026. Since it launched on Jun 2, 2026 the fund returned −9.5% with distributions reinvested against +0.8% for the S&P 500, so a holder was behind by 10.2 pts. It sits 11.8% below its all-time high of Jun 22, 2026.
WUGI in plain words
By weight, 76% of WUGI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 75%. The top ten holdings are 56% of the fund across 31 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned +17.5% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 1.0 pts. It sits 10.8% below its all-time high of Jun 30, 2026.
Questions people ask
- Do RACK and WUGI hold the same stocks?
- By their latest filings, 29% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, RACK or WUGI?
- RACK has 77% of its weight in S&P 500 names and WUGI has 76%, so RACK differs more from the index.
- Which is cheaper, RACK or WUGI?
- RACK charges 0.50% a year and WUGI charges 0.84%, so RACK 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, RACK against WUGI, data as of Sep 18, 2026. https://etfiq.com/compare/themes/rack-vs-wugi Free to use with attribution; the underlying files are at Open data.