Answered from ETFIQ data as of .
How concentrated are thematic ETFs?
The typical thematic ETF holds 51% of its money in its ten largest positions. At the top of the range a fund is close to a bet on a handful of companies wearing the name of a theme.
Concentration is what a theme fund is for and also its main risk. A theme with few listed pure plays cannot be spread thinly, so the fund holds a lot of the few names that exist, and its return is those names rather than the idea.
Read it beside holdings count. Forty stocks with 60% in the top ten is a different fund from four hundred stocks with 60% in the top ten, and both are covered here.
The ten largest positions of every fund are listed on its own page, with the filing date they came from.
On ETFIQ today
| Ticker | Fund | Theme | Top ten | Holdings | In the S&P 500 | Total return 1Y |
|---|---|---|---|---|---|---|
| AIHY | Defiance AI Hyperscale Leaders ETF | Artificial intelligence | 100.0% | 10 | 81.8% | not published |
| DRAI | Draco Evolution AI ETF | Artificial intelligence | 100.0% | 8 | 0.0% | +17.3% |
| GXDW | Global X Dorsey Wright Thematic ETF | Broad innovation and megatrends | 100.0% | 6 | 0.0% | −11.2% |
| MJ | Amplify Alternative Harvest ETF | Cannabis | 100.0% | 9 | 0.0% | −16.7% |
| MSOS | AdvisorShares Pure US Cannabis ETF | Cannabis | 100.0% | 6 | 0.0% | +8.4% |
| WEED | Roundhill Cannabis ETF | Cannabis | 100.0% | 2 | 0.0% | +15.8% |
| UX | Roundhill Uranium ETF | Nuclear and uranium | 100.0% | 2 | 0.0% | +2.7% |
| TCAN | 21Shares Canton Network ETF | Stablecoins and tokenisation | 100.0% | 2 | 0.0% | not published |
| CNBS | Amplify Seymour Cannabis ETF | Cannabis | 99.2% | 15 | 0.0% | +2.3% |
| DRAM | Roundhill Memory ETF | Memory and storage | 97.3% | 13 | 20.0% | not published |
| QTUP | Defiance Long Pure Quantum ETF | Quantum computing | 95.4% | 13 | 0.0% | not published |
| YOLO | AdvisorShares Pure Cannabis ETF | Cannabis | 91.9% | 18 | 0.0% | −3.9% |
| FOTO | Tuttle Capital Pure Play Photonics ETF | Photonics and optics | 90.4% | 14 | 33.6% | not published |
| CRPT | First Trust SkyBridge Crypto Industry and Digital Economy ETF | Blockchain and crypto equities | 88.2% | 21 | 21.3% | −29.2% |
| EUAD | Select STOXX Europe Aerospace & Defense ETF | Defense | 86.6% | 18 | 0.0% | −3.6% |
| AINT | FINQ DOLLAR NEUTRAL U.S. Large Cap AI-Managed Equity ETF | Artificial intelligence | 84.3% | 12 | 100.0% | not published |
| ONLN | ProShares Online Retail ETF | Internet and e-commerce | 78.2% | 19 | 42.1% | −6.8% |
| AIUP | FINQ FIRST U.S. Large Cap AI-Managed Equity ETF | Artificial intelligence | 77.7% | 15 | 100.0% | not published |
| ITA | iShares U.S. Aerospace & Defense ETF | Defense | 77.5% | 51 | 79.5% | +10.0% |
| WGMI | CoinShares Bitcoin Mining ETF | Blockchain and crypto equities | 77.4% | 27 | 2.5% | +31.9% |
| URNM | SPROTT URANIUM MINERS ETF | Nuclear and uranium | 77.4% | 26 | 0.0% | +1.2% |
| SHOC | Strive U.S. Semiconductor ETF | Semiconductors | 77.3% | 30 | 90.7% | +76.6% |
| WARP | VanEck Space ETF | Space | 76.7% | 21 | 4.4% | not published |
| MNRS | Grayscale Bitcoin Miners ETF | Blockchain and crypto equities | 76.3% | 24 | 5.0% | +6.0% |
| REXC | Sprott Rare Earths Ex-China ETF | Miners and metals | 76.2% | 41 | 0.0% | not published |
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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.
ETFIQ is an independent publisher of exchange-traded fund data and makes no recommendations. Every figure is stated arithmetic on published data. Standards and sources
Cite this page. ETFIQ, How concentrated are thematic ETFs?, data as of Sep 11, 2026. https://etfiq.com/questions/how-concentrated-are-thematic-etfs Free to use with attribution; the underlying files are at Open data.