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Data as of .

THMZ vs TNXT: which is really different?

THMZ and TNXT hold 28% of their weight in the same names.

Lazard Equity Megatrends ETF and T. Rowe Price Innovation Leaders ETF.

55.2%THMZ in the S&P 500
64.3%TNXT in the S&P 500
+7.2%THMZ total return, 1 year
+14.5%TNXT total return, 1 year

ETFIQ Off-Index Score: THMZ scores higher

How much of it is not the index it is sold as an alternative to?

THMZ 5.9TNXT 0.70.1, the lowest in this set91.8, the highest

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

THMZ45% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
55%45%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 73% · top ten 35% of the fund · 59 holdings filed Jun 30, 2026 · Nasdaq-100: 30% in55%45%in the S&P 500outsideactive share 73% · top ten 35% of the fund
TNXT36% of its weight is outside the S&P 500 · 6 months to Sep 18, 2026
64%36%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 52% · top ten 32% of the fund · 272 holdings filed Jun 30, 2026 · Nasdaq-100: 47% in64%36%in the S&P 500outsideactive share 52% · top ten 32% of the fund

28% of the two portfolios are the same securities at the same weight.

What they hold in common

By the books each fund has filed, THMZ and TNXT hold 28% of their money in the same securities at the same weight.

Positions THMZ and TNXT both hold, largest shared weight first
HoldingTHMZTNXT
Amazon.com Inc3.58%3.02%
NVIDIA Corp2.83%7.23%
Microsoft Corp2.84%2.67%
Alphabet Inc3.63%2.57%
Broadcom Inc2.28%2.76%
Apple Inc1.95%4.61%
Advanced Micro Devices Inc1.94%2.53%
Eli Lilly & Co1.79%1.99%
Visa Inc1.41%1.45%
Meta Platforms Inc1.38%1.47%
Taiwan Semiconductor Manufacturing Co Lt6.22%1.22%
Mastercard Inc1.33%1.14%
Only in each
Only in THMZOnly in TNXT
Applied Materials Inc 5.68%ALPHABET INC CL C 2.28%
Mitsubishi Electric Corp 2.79%INTEL CORP 2.13%
Keysight Technologies Inc 2.66%MICRON TECHNOLOGY INC 1.86%
FANUC Corp 2.54%TESLA INC 1.80%
Siemens AG 2.42%BLOCK INC 1.02%
Schneider Electric SE 2.03%LAM RESEARCH CORP 1.00%
Amphenol Corp 1.98%UNITEDHEALTH GROUP INC 0.97%
Epiroc AB 1.80%ASML HOLDING NV NY 0.87%

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.

Performance, window by window

THMZ and TNXT over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnvs the S&P 500vs the Nasdaq-100
THMZTNXTTHMZTNXTTHMZTNXT
3 months+0.3%+3.8%−1.9 pts+1.6 pts+2.8 pts+6.3 pts
6 months+17.1%+27.4%−1.0 pts+9.3 pts−7.2 pts+3.1 pts
1 year+7.2%not published−9.4 ptsnot published−14.6 ptsnot published
Since launch+37.0%+14.5%−16.5 pts+3.9 pts−34.3 pts−0.4 pts
Open the live comparison on ETFIQ
THMZ and TNXT on the same fields, as of Sep 18, 2026. Source: ETFIQ.
THMZ
Lazard Equity Megatrends ETF
Holds 59 stocks in broad innovation and megatrends, 55% 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
IssuerLazardT. Rowe Price
ThemeBroad innovation and megatrendsBroad innovation and megatrends
In the S&P 50055.2%64.3%
Active share vs the S&P 50073.1%51.6%
In the Nasdaq-10030.2%46.9%
Holdings59272
Top ten, share of the fund35.2%31.8%
Expense ratio0.50%0.49%
Fee for the differing part0.68%0.95%
Total return, 1 year+7.2%+14.5% (since launch on Jan 29, 2026)
vs the S&P 500−9.4 pts+3.9 pts
vs the Nasdaq-100−14.6 pts−0.4 pts
Below its high−3.5%−1.4%
Net assets$54m$18m

THMZ in plain words

By weight, 55% of THMZ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 73%. The top ten holdings are 35% of the fund across 59 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned +7.2% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 9.4 pts.

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 THMZ and TNXT hold the same stocks?
By their latest filings, 28% 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, THMZ or TNXT?
THMZ has 55% of its weight in S&P 500 names and TNXT has 64%, so THMZ differs more from the index.
Which is cheaper, THMZ or TNXT?
THMZ charges 0.50% a year and TNXT charges 0.49%, so TNXT 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.

THMZ against TNXT, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, THMZ against TNXT, data as of Sep 18, 2026. https://etfiq.com/compare/themes/thmz-vs-tnxt Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources