IQ

WUGI AXS Esoterica NextG Economy ETF

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$83.47
+1.8% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

Over the year to Oct 28, 2026, WUGI returned 9.9%, against 13.7% for VOO.

Why did WUGI return +274.5% against VOO’s +200.0%?What does WUGI hold that the S&P 500 does not?What do WUGI’s net flows of −$6.7m over the 3 years to Jun 30, 2026 mean?
Holds 31 stocks in digital infrastructure and data centers, 75% of its weight in S&P 500 companiesAXS ↗Expense ratio 0.84%Fund assets $31m on Oct 28, 2026First traded Mar 31, 2020Benchmark S&P 500 Index, measured by VOO, which tracks the same indexSEC filings ↗Every AXS fund ETFIQ coversDividend history

Promise check: Not measuredIts theme exposure is measured once ETFIQ defines its theme company by company.

Compare with…Trading costsPut to the committeeaskIQ about WUGIAdd to portfolioOverlapFlowsAlerts

WUGI risk and return scorecard

vs VOO · Apr 2020 to Oct 2026 · 341 weekly returns · dividend-adjusted

6.5 years
WUGI +274.5%, VOO +200.0%, Apr 2020 to Oct 2026, distributions reinvested.
Return
MeasureWUGIVOOEdge
Total return+274.5%+200.0%WUGI
Annualized+22.3%+18.2%WUGI
Price return+193.5%+173.2%WUGI
Risk
MeasureWUGIVOOEdge
Volatility29.2%16.1%VOO
Max drawdown−55.1%−23.9%VOO
Upside capture195.5%100.0%WUGI
Downside capture130.6%100.0%VOO
Risk-adjusted
MeasureWUGIVOOEdge
Sharpe ratio0.730.94VOO
Sortino ratio1.131.45VOO
Alpha vs VOO
MeasureWUGIVOOEdge
Alpha, a year−0.3%Not significant
Alpha t-stat−0.05
Beta to VOO1.441.00Higher beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Jun 30, 2026
12 months to Jun 30, 2026
−$5.2m
3 years to Jun 30, 2026
−$6.7m
Since Nov 2022
−$8.5m
askIQ: what do these flows mean? ↗

What you earned

WUGI −6.8%, VOO +0.9%: total return over one month to Oct 28, 2026.
WUGI−6.8%
VOO+0.9%
WUGI +12.9%, VOO +6.1%: total return over three months to Oct 28, 2026.
WUGI+12.9%
VOO+6.1%
WUGI +7.6%, VOO +9.1%: total return over six months to Oct 28, 2026.
WUGI+7.6%
VOO+9.1%
WUGI +15.4%, VOO +14.2%: total return over the year to Oct 28, 2026.
WUGI+15.4%
VOO+14.2%
WUGI +9.9%, VOO +13.7%: total return over one year to Oct 28, 2026.
WUGI+9.9%
VOO+13.7%
WUGI +153.4%, VOO +95.5%: total return over three years to Oct 28, 2026.
WUGI+153.4%
VOO+95.5%
WUGI +68.5%, VOO +80.4%: total return over five years to Oct 28, 2026.
WUGI+68.5%
VOO+80.4%
WUGI +313.5%, VOO +229.2%: total return since launch to Oct 28, 2026.
WUGI+313.5%
VOO+229.2%
askIQ: why did WUGI return +9.9% against VOO’s +13.7%? ↗

What did you actually buy?

Digital infrastructure and data centers · holdings as of Jun 30, 2026
75.0%
Already in the S&P 500
Report
75.2%
Active share vs the S&P 500
Report
55.7%
Top ten holdings
Report
+9.9%
Total return, 1 year
Report
17.7%
12-month yield, capital gains included, on its starting price
Report
$16.5222
Last payment, ex-date Dec 23, 2025
Report
Share already in the S&P 500
75.0% of the fund by weight, holdings as of Jun 30, 2026.
Ten largest holdings
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD8.2%
MICRON TECHNOLOGY INC7.2%
APPLIED MATERIALS INC5.8%
MARVELL TECHNOLOGY INC5.8%
ADVANCED MICRO DEVICES INC5.4%
INTEL CORP5.0%
NVIDIA CORP4.8%
ASML HOLDING NV4.5%
SANDISK CORP4.5%
AMAZON.COM INC4.5%
askIQ: what does WUGI hold that the S&P 500 does not? ↗

More on WUGI

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Price and total return, 1 year

$83.47+1.8%1 day, priceClose, Oct 28, 2026

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

WUGI returns by window: total return, cash paid and price change
WindowTotal returnBenchmark (VOO)Gap to VOO
1M Sep 28 – Oct 28, 2026−6.8%+0.9%−7.7 pts
3M Jul 29 – Oct 28, 2026+12.9%+6.1%+6.8 pts
6M Apr 29 – Oct 28, 2026+7.6%+9.1%−1.5 pts
YTD Dec 31, 2025 – Oct 28, 2026+15.4%+14.2%+1.2 pts
1Y Oct 28, 2025 – Oct 28, 2026+9.9%+13.7%−3.8 pts
3Y Oct 27, 2023 – Oct 28, 2026+153.4%+95.5%+57.9 pts
5Y Oct 29, 2021 – Oct 28, 2026+68.5%+80.4%−11.9 pts
Since launch Mar 31, 2020 – Oct 28, 2026+313.5%+229.2%+84.3 pts
Since launch, annualised Mar 31, 2020 – Oct 28, 2026+24.1%––

Total returns, distributions reinvested.

Source: Tiingo end-of-day prices, with distributions reinvested.

Where every fund in this set sits

How much of its weight does it not share with the S&P 500?

Active share against the S&P 500
USNZ 23.1%IQSZ 49.1%TNXT 51.6%IETC 59.8%XIGV 60.7%CRTC 61.8%AIX 64.0%LQAI 64.9%ALAI 65.2%IVES 66.3%ILDR 67.0%PEXL 67.1%JHAI 68.1%AGIX 68.8%AIEQ 69.0%AOTG 69.1%XT 69.2%FAI 70.1%AIQ 70.2%CHAT 70.9%WTAI 71.5%XAIX 72.0%THMZ 73.5%AIFD 74.4%FRWD 74.4%CARZ 74.5%FDTX 75.5%BAI 75.9%AIUP 76.1%TEKY 77.7%PNQI 78.9%FMET 79.1%IGPT 79.2%FDCF 79.8%ARKW 79.9%AINT 80.3%ARKQ 80.3%SHOC 80.5%SMH 80.7%SOXQ 80.8%FTXL 80.9%GGME 81.5%KNCT 81.7%PBOT 82.1%SOXX 82.3%CBOT 82.4%OGIG 82.9%UFOX 83.1%ARTY 83.2%ABOT 83.7%ARKX 83.7%MILN 83.9%SUPP 84.2%CHPX 84.3%RACK 84.3%CHPS 84.8%AGIQ 85.2%FDN 85.5%AIPO 85.8%CLOD 86.1%XDAT 86.2%BUYZ 86.3%SMHX 87.2%FOWF 88.4%NRSH 88.6%PCLN 89.5%DTCR 90.8%CIBR 90.9%FCLD 91.6%TMAT 91.6%RBLD 91.9%PSI 92.2%IGV 92.4%TCAI 92.7%NEWZ 94.6%TSES 94.7%MADE 94.8%PBPH 95.0%GDOC 95.4%BMED 95.6%EPAI 95.6%IFRA 95.7%PPA 96.4%WR 96.6%POWR 96.9%VOLT 96.9%YUNG 97.1%FPWR 97.2%, and 2 more at this point: IVEP 97.2%, PAVE 97.2%MISL 97.4%HVAC 97.5%, and 1 more at this point: RIFR 97.5%AV 97.6%, and 1 more at this point: TSSD 97.6%IPAY 97.7%, and 4 more at this point: ITA 97.7%, NATO 97.7%, KYC 97.8%, ZAP 97.8%DUTY 98.1%WNDR 98.1%DRES 98.2%, and 2 more at this point: TPZ 98.3%, SRVR 98.5%NFRX 98.2%IHI 98.7%DOCK 98.8%BBH 99.0%PHO 99.4%LGHT 99.5%WUGI 75.2%WUGI 75.2%23.1%99.5%
23.1% to 99.5% across 112

That is the share of the 112 thematic ETFs with at least half their money in S&P 500 companies sitting at or below WUGI.

Weight not shared with the S&P 500 only; it says nothing about returns, fees or whether the theme pays off. Where the fund sits in this set, not a rating. Do not average it with another category's score.

23.7
IQ Themes ScoreETFIQ S&P 500 Difference Score86th of 112 · Oct 28, 2026
0.4 · lowest of 112 thematic ETFs with at least half their money in S&P 500 companies99.6 · highest

How different its holdings are from the S&P 500, ranked against 112 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed

WUGI shares 22 of its 31 holdings with the S&P 500. Counting each at the smaller of its two weights, the two overlap by 24.8%.

active share against the S&P 50075.2% · 24th pct
All 112 ranked by this score →

Money in and out

Monthly data · as of Jun 30, 2026

WUGI: in the month to Jun 30, 2026, net $1.9m went out, by its SEC filing.

12 months
−$5.2m
−15.0% of $34.7m on Jun 30, 2025
Jul 1, 2025 to Jun 30, 2026
monthly, from SEC filings
3 years
−$6.7m
−31.3% of $21.3m on Jun 30, 2023
Jul 1, 2023 to Jun 30, 2026
monthly, from SEC filings
Since Nov 2022
−$8.5m
Nov 1, 2022 to Jun 30, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions WUGI files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily data for this fund, so its flows are monthly, and the latest month filed is Jun 2026. Every day and month ETFIQ holds for WUGI, back to Nov 2022, is in its flows file. Flows across every fund · How these flows are computed · Compare WUGI with other funds in the flows tool

Month by month, money in and money outJul 2023 to Jun 2026

WUGI, money in and money out each month from Jul 2023 to Jun 2026: two bars a month, money in above the line and money out below. Every bar is from WUGI’s SEC filings (N-PORT item B.6). Of the 36 months listed, money came in on net in 8 and went out in 11.

Every bar is from WUGI’s SEC filings (N-PORT item B.6). Of the 36 months listed, money came in on net in 8 and went out in 11.

MonthInOutNet
Jun 2026 SEC Form N-PORT+$7.1m−$9.0m−$1.9m
May 2026 SEC Form N-PORT$0$0$0
Apr 2026 SEC Form N-PORT+$5.9m−$5.8m+$136k
Mar 2026 SEC Form N-PORT$0$0$0
Feb 2026 SEC Form N-PORT$0−$1.8m−$1.8m
Jan 2026 SEC Form N-PORT+$11.1m−$1.8m+$9.3m
Dec 2025 SEC Form N-PORT$0−$8.9m−$8.9m
Nov 2025 SEC Form N-PORT$0$0$0
Oct 2025 SEC Form N-PORT$0$0$0
Sep 2025 SEC Form N-PORT$0$0$0
Aug 2025 SEC Form N-PORT$0$0$0
Jul 2025 SEC Form N-PORT$0−$2.1m−$2.1m
Jun 2025 SEC Form N-PORT$0−$2.0m−$2.0m
May 2025 SEC Form N-PORT$0$0$0
Apr 2025 SEC Form N-PORT$0−$1.6m−$1.6m
Mar 2025 SEC Form N-PORT$0$0$0
Feb 2025 SEC Form N-PORT$0$0$0
Jan 2025 SEC Form N-PORT$0$0$0
Dec 2024 SEC Form N-PORT+$3.8m$0+$3.8m
Nov 2024 SEC Form N-PORT$0−$1.9m−$1.9m
Oct 2024 SEC Form N-PORT$0$0$0
Sep 2024 SEC Form N-PORT$0$0$0
Aug 2024 SEC Form N-PORT$0−$1.6m−$1.6m
Jul 2024 SEC Form N-PORT$0$0$0
Jun 2024 SEC Form N-PORT+$1.8m$0+$1.8m
May 2024 SEC Form N-PORT$0$0$0
Apr 2024 SEC Form N-PORT$0−$2.9m−$2.9m
Mar 2024 SEC Form N-PORT+$1.6m−$1.5m+$39k
Feb 2024 SEC Form N-PORT+$2.8m$0+$2.8m
Jan 2024 SEC Form N-PORT$0$0$0
Dec 2023 SEC Form N-PORT$0−$1.3m−$1.3m
Nov 2023 SEC Form N-PORT$0$0$0
Oct 2023 SEC Form N-PORT$0$0$0
Sep 2023 SEC Form N-PORT$0−$2.3m−$2.3m
Aug 2023 SEC Form N-PORT+$2.3m$0+$2.3m
Jul 2023 SEC Form N-PORT+$1.2m$0+$1.2m

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of Jun 30, 2026. Updated when the fund files its next report.

WUGI key stats

52-week high, daily closes to Oct 28, 2026 (ETFIQ)$96.20 on Jun 30, 2026
52-week low, daily closes to Oct 28, 2026 (ETFIQ)$62.65 on Mar 30, 2026
Close on Oct 28, 2026, within that range (ETFIQ)$83.47, 62% of the way from the low to the high
Holdings31
Top ten holdings weight55.7%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Jun 12, 2026
Trading · WUGIas of Jun 12, 2026
·
Not scored1 of 6 measured · Jun 12, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
One dealer
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

WUGI top ten by weight, 55.7% of the fund, of its 30 equity positions, from the holdings filed for Jun 30, 2026. Source: the fund’s SEC filing.

TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD TSM 8.16%
MICRON TECHNOLOGY INC MU 7.19%
APPLIED MATERIALS INC AMAT 5.83%
MARVELL TECHNOLOGY INC MRVL 5.79%
ADVANCED MICRO DEVICES INC AMD 5.43%
INTEL CORP INTC 4.98%
NVIDIA CORP NVDA 4.79%
ASML HOLDING NV ASML 4.53%
SANDISK CORP SNDK 4.49%
AMAZON.COM INC AMZN 4.49%
Fund filings on SEC EDGAR ↗See all 31 holdings →Check overlap with another fund →

Source: Holdings filing (SEC Form N-PORT).

About WUGI

Theme (ETFIQ, editorial)Digital infrastructure and data centers
First tradedMar 31, 2020
Already in the S&P 500, by weight (ETFIQ)75.0%
Outside the S&P 500, by weight (ETFIQ)25%
Active share vs the S&P 500 (ETFIQ)75.2%
Already in the Nasdaq-100, by weight (ETFIQ)68.5%
Active share vs the Nasdaq-100 (ETFIQ)62.9%
Top ten holdings weight55.7%
Holdings31
Holdings as of (SEC N-PORT)Jun 30, 2026
Top holdingsTAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD 8.2%, MICRON TECHNOLOGY INC 7.2%, APPLIED MATERIALS INC 5.8%, MARVELL TECHNOLOGY INC 5.8%, ADVANCED MICRO DEVICES INC 5.4%, INTEL CORP 5.0%, NVIDIA CORP 4.8%, ASML HOLDING NV 4.5%, SANDISK CORP 4.5%, AMAZON.COM INC 4.5%
Net assets (the issuer’s own daily fund list, as of Oct 28, 2026)$31mReport
Benchmark (ETFIQ, from its filings)S&P 500 Index, measured by VOO, which tracks the same index
Benchmark named inits shareholder report, N-CSR, Jun 8, 2026
WUGI, 1 year to Oct 28, 2026+9.9%
VOO, the same days+13.7%
Against its benchmark, 1 year (ETFIQ)−3.8 pts
Below its all-time high (ETFIQ)−13.2%
Expense ratio (497 XBRL, Aug 5, 2026)0.84%Report
Fee for the part that differs from the S&P 500, active expense ratio (ETFIQ)1.12%
Closest funds by holdings overlapSMH 50%, CHPX 48%, AIX 46%, SOXQ 44%, SHOC 44%
Against the S&P 500, 1 yearbehind by 3.8 pts
Against its benchmark, 1 yearbehind by 3.8 pts
Below its all-time high13.2%, high on Jun 30, 2026
How we measure
The top ten holdings are 56% of the fund across 31 positions, as filed for Jun 30, 2026. Over the year to Oct 28, 2026 the fund returned +9.9% with distributions reinvested against +13.7% for its benchmark, the S&P 500 Index, so a holder was behind by 3.8 pts. It sits 13.2% below its all-time high of Jun 30, 2026.
Holdings from the fund’s latest public SEC N-PORT filing; overlap and active share computed by ETFIQ against the IVV and QQQM books; returns from Tiingo end-of-day prices with distributions reinvested. Method
IQ Investment Committee on WUGI

12 seats on WUGI, as of Oct 28, 2026: 2 Mixed, 7 Challenges, 3 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyChallenges
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityMixed
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherNot enough data
In the tradition ofHoward MarksMarks-style Cycles & RiskChallenges
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationChallenges
In the tradition ofJesse LivermoreLivermore-style Trend FollowingChallenges
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatMixed
Put WUGI to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about WUGI

How much of WUGI is in S&P 500 companies?
By its holdings filed for Jun 30, 2026, 75% of WUGI by weight is stocks the S&P 500 already holds. Its active share against the index is 75%, so that share is the part doing something different.
What does WUGI hold?
31 positions as filed for Jun 30, 2026, with the top ten at 56% of the fund. The largest are TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD at 8.2%, MICRON TECHNOLOGY INC at 7.2%, APPLIED MATERIALS INC at 5.8%.
Has WUGI beaten the S&P 500?
Over the year to Oct 28, 2026 WUGI returned +9.9% with distributions reinvested, against +13.6% for the S&P 500, so it finished behind the index by 3.7 points.
What does WUGI cost?
The prospectus expense ratio is 0.84% a year. Because 75% of the fund differs from the S&P 500, the fee on that differing part works out at 1.12%.
Sources and dates
Prices, WUGI and Benchmark (VOO)Tiingo end-of-day · Oct 28, 2026
Fee, 0.84%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $31mThe issuer’s own daily fund list · Oct 28, 2026
HoldingsHoldings filing (SEC Form N-PORT) · Jun 30, 2026 ↗
IssuerAXS website ↗
All fund filingsFund filings on SEC EDGAR ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, WUGI, thematic ETFs, data as of Oct 28, 2026. https://etfiq.com/funds/wugi

The difference bar for WUGI, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Active share
How differently the money is placed, counting weights: one minus the sum of the smaller weight of each security across the fund and the index. 100% means nothing in common; 0% means the index itself. Two funds can hold the same names and still have a high active share if they weight them very differently.
Weight overlap
The share of money two portfolios hold in the same securities at the same weight.
Already in the index
The fund’s weight in securities the S&P 500 holds at all. A fund can be made entirely of index names and still have high active share, because it holds them at different weights.
Top ten
The weight of the ten largest holdings. Above 50% the fund is a bet on a handful of companies, whatever the theme.
Full definitions: thematic ETFs vocabulary page. →
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WUGI: 75% of WUGI's weight is in S&P 500 companies and 25% is outside the index. Holdings as of Jun 30, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/wugi"><img src="https://etfiq.com/assistant/api/embed/themes/wugi.svg" alt="WUGI: 75% of WUGI&#x27;s weight is in S&amp;P 500 companies and 25% is outside the index. Holdings as of Jun 30, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">WUGI: 75% of WUGI&#x27;s weight is in S&amp;P 500 companies and 25% is outside the index. Holdings as of Jun 30, 2026. Data: <a href="https://etfiq.com/funds/wugi">ETFIQ</a></figcaption>
</figure>

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