{"url":"https://etfiq.com/research/quarterly/2026-q2-themes/","section":"research","title":"How much of a theme was already the index, 2026-Q2 | ETFIQ","description":"The median of the 227 thematic ETFs measured over the second quarter of 2026 had 32.5 percent of its money in companies already in the S&P 500.","as_of":"Sep 11, 2026","structured_data":[{"@type":"Dataset","name":"ETFIQ Quarterly: thematic ETFs and how much of each was already the index, 2026-Q2","description":"The median of the 227 thematic ETFs measured over the second quarter of 2026 had 32.5 percent of its money in companies already in the S&P 500.","url":"https://etfiq.com/research/quarterly/2026-q2-themes/","dateModified":"2026-10-26","temporalCoverage":"2026-04-01/2026-06-30","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/quarterly/2026-q2-themes.json"}],"variableMeasured":["Share of the fund in S&P 500 companies","Weight overlap with the S&P 500","Fund total return","S&P 500 return","Difference against the S&P 500","Fee"],"license":"https://etfiq.com/license/","creator":{"@id":"https://etfiq.com/#org"},"publisher":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"inLanguage":"en","creativeWorkStatus":"Published","keywords":["exchange-traded funds","ETF","Thematic ETFs","fund data","SEC filings"]},{"@type":"Report","name":"How much of a theme was already the index, 2026-Q2","description":"The median of the 227 thematic ETFs measured over the second quarter of 2026 had 32.5 percent of its money in companies already in the S&P 500.","url":"https://etfiq.com/research/quarterly/2026-q2-themes/","datePublished":"2026-09-11","author":{"@id":"https://etfiq.com/#org"},"publisher":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"inLanguage":"en"},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"ETFIQ Research","item":"https://etfiq.com/research/"},{"@type":"ListItem","position":3,"name":"ETFIQ Quarterly","item":"https://etfiq.com/research/quarterly/"},{"@type":"ListItem","position":4,"name":"2026-Q2 \u00b7 Themes","item":"https://etfiq.com/research/quarterly/2026-q2-themes/"}]},{"@type":"WebPage","name":"How much of a theme was already the index, 2026-Q2","description":"The median of the 227 thematic ETFs measured over the second quarter of 2026 had 32.5 percent of its money in companies already in the S&P 500.","url":"https://etfiq.com/research/quarterly/2026-q2-themes/","dateModified":"2026-10-26","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":31948,"truncated":false,"content":"ETFIQ / ETFIQ Research / ETFIQ Quarterly / 2026-Q2 \u00b7 Themes \n \n A closed quarter, Apr 1, 2026 to Jun 30, 2026. These numbers do not change. Published Sep 11, 2026.\n How much of a theme was already the index, 2026-Q2\n Across the 227 thematic ETFs that traded the whole of the second quarter of 2026 and filed a book inside it, the median had 32.5 percent of its money in companies already in the S&P 500, ranging from 0.0 percent at the tenth fund to 72.8 at the ninetieth, at a median fee of 0.56 percent that barely moves across that range.\n ETFIQ Quarterly. Free to quote with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The file every number here was computed from is published with it.\n Download the PDF Print this page \n 32.5% Median share of a fund\u2019s money already in the S&P 500 \n 0% to 73% The tenth fund to the ninetieth \n 0.56% Median fee, which barely moves across that range \n +0.47 pts Median gap to the S&P 500 over the quarter \n\n Investor note Across the 227 thematic ETFs that traded the whole of the second quarter of 2026 and filed a book inside it, the median had 32.5 percent of its money in companies already in the S&P 500, ranging from 0.0 percent at the tenth fund to 72.8 at the ninetieth, at a median fee of 0.56 percent that barely moves across that range. ETFIQ measured every fund against the S&P 500 over the same days, from Apr 1, 2026 to Jun 30, 2026, with holdings as each fund filed them. Funds measured 227 \n Median already in the S&P 500 32.5% \n Tenth to ninetieth fund 0% to 73% \n Quarter Apr 1, 2026 to Jun 30, 2026 \n ETFIQ, How much of a theme was already the index, 2026-Q2, published Sep 11, 2026. https://etfiq.com/research/quarterly/2026-q2-themes/\n\n Copy this block \n The problem\n You buy a theme because you want exposure to something the index does not give you. Whether it does is a question about holdings, and holdings are filed quarterly in a form nobody reads. So the fund is sold on the story and bought on the story, and nobody publishes the one number that would settle it: how much of this did I already own.\n There is no answer for the category. There is an answer for each fund, and across funds sold under the same word it runs the whole way from none of it to all of it.\n What happened in the second quarter of 2026\n The median fund had 32.5 percent of its money in companies already in the S&P 500. At the tenth fund that number was 0.0 percent and at the ninetieth 72.8 . The median fee was 0.56 percent .\n The defense of these funds is in the second number, and it is a real one. Even where a fund holds index companies it does not hold them in index proportions: the median overlap measured by weight is 2.50 percent . So these are not the index in disguise. They are the index\u2019s companies in very different sizes, which is a different thing and is what a buyer is actually paying for.\n Over the quarter itself, 111 of the 227 finished behind the S&P 500 and 116 ahead, by a median of 0.47 percentage points .\n The most index-like fund in the second quarter of 2026 was AIEQ , Amplify AI Powered Equity ETF, filed under artificial intelligence. 100.0 percent of its money was in companies that were already in the S&P 500, and it weighted them differently enough that only 63.7 percent of its book overlapped the index by weight. Those two numbers together are the whole question a thematic buyer should be asking, and neither of them is on a fact sheet.\n One of 227 funds, holdings dated Jun 30, 2026. What the fee does not know\n Split the funds by how much of the index they hold and the fee barely moves. A buyer getting almost none of the S&P 500 and a buyer getting three quarters of it pay within a fraction of a point of each other, and neither was told which one they were.\n By share of the fund already in the S&P 500, 2026-Q2. Source: ETFIQ. Already in the index Funds Median gap to the S&P 500 Median fee \n Under a quarter 89 \u22129.05 0.59% \n A quarter to a half 66 +0.44 0.57% \n A half to three quarters 52 +14.43 0.50% \n Over three quarters 20 +0.98 0.50% \n \n The return column is what happened in one quarter and is not a finding about index-likeness. The funds holding more of the index did better here because the large companies in it rose; a quarter where they fall reverses the whole column. The fee column is the one that does not depend on the quarter.\n The funds that are most nearly the index\n Ten funds whose money is almost entirely in S&P 500 companies, with the weight overlap beside it. A high first number and a low second one is a fund holding the index\u2019s companies in its own proportions, which is the thing worth paying for. A high first number and a high second one is something else.\n Most of the fund already in the S&P 500, 2026-Q2. Source: ETFIQ. Ticker Fund Theme In the index Overlap by weight Fee \n AIEQ Amplify AI Powered Equity ETF Artificial intelligence 100.0% 63.7% not published \n AINT FINQ DOLLAR NEUTRAL U.S. Large Cap AI-Ma Artificial intelligence 100.0% 19.8% 1.25% \n AIUP FINQ FIRST U.S. Large Cap AI-Managed Equ Artificial intelligence 100.0% 23.9% 0.70% \n SHOC Strive U.S. Semiconductor ETF Semiconductors 90.7% 19.6% 0.40% \n LQAI LG QRAFT AI-Powered U.S. Large Cap Core Artificial intelligence 89.9% 37.9% 0.75% \n FTXL First Trust Nasdaq Semiconductor ETF Semiconductors 86.3% 16.5% 0.60% \n AGIQ SoFi Agentic AI ETF Artificial intelligence 85.6% 14.9% 0.69% \n FDN First Trust Dow Jones Internet Index Fun Internet and e-commerce 84.4% 14.5% 0.49% \n SOXQ Invesco PHLX Semiconductor ETF Semiconductors 84.0% 19.2% 0.19% \n IGV iShares Expanded Tech-Software Sector ET Cloud and software 83.2% 7.6% 0.38% \n \n Every fund, 2026-Q2\n All 227 funds, most of the index first. Holdings are each fund\u2019s own filing for a date inside the quarter. Returns are total returns over the same days. Numbers in percentage points.\n Thematic ETFs, index overlap and return, 2026-Q2. Source: ETFIQ. Ticker Fund Theme In the index By weight The fund S&P 500 Gap S&P 500 Difference percentile in its set, this quarter \n AIEQ Amplify AI Powered Equity ETF Artificial intelligence 100.0% 63.7% +13.52 +14.26 \u22120.74 46.9 \n AINT FINQ DOLLAR NEUTRAL U.S. Large Cap AI- Artificial intelligence 100.0% 19.8% +16.89 +14.26 +2.63 55.7 \n AIUP FINQ FIRST U.S. Large Cap AI-Managed E Artificial intelligence 100.0% 23.9% +13.05 +14.26 \u22121.21 46.0 \n SHOC Strive U.S. Semiconductor ETF Semiconductors 90.7% 19.6% +65.23 +14.26 +50.97 94.5 \n LQAI LG QRAFT AI-Powered U.S. Large Cap Cor Artificial intelligence 89.9% 37.9% +24.98 +14.26 +10.72 68.1 \n FTXL First Trust Nasdaq Semiconductor ETF Semiconductors 86.3% 16.5% +87.23 +14.26 +72.97 97.6 \n AGIQ SoFi Agentic AI ETF Artificial intelligence 85.6% 14.9% +20.09 +14.26 +5.83 61.2 \n FDN First Trust Dow Jones Internet Index F Internet and e-commerce 84.4% 14.5% +12.21 +14.26 \u22122.05 44.3 \n SOXQ Invesco PHLX Semiconductor ETF Semiconductors 84.0% 19.2% +82.64 +14.26 +68.38 97.1 \n IGV iShares Expanded Tech-Software Sector Cloud and software 83.2% 7.6% +13.60 +14.26 \u22120.66 47.4 \n SMH VanEck Semiconductor ETF Semiconductors 82.0% 19.4% +67.33 +14.26 +53.07 94.9 \n POWR iShares U.S. Power Infrastructure ETF Electrification and the grid 81.3% 3.1% +6.46 +14.26 \u22127.80 33.7 \n SOXX iShares Semiconductor ETF Semiconductors 80.8% 18.4% +89.36 +14.26 +75.10 98.5 \n RBLD First Trust Alerian U.S. NextGen Infra Infrastructure 79.0% 8.3% +9.96 +14.26 \u22124.30 41.2 \n ZAP Global X U.S. Electrification ETF Electrification and the grid 77.8% 2.2% +7.11 +14.26 \u22127.15 35.5 \n AIFD TCW Artificial Intelligence ETF Artificial intelligence 77.7% 26.3% +40.39 +14.26 +26.13 83.0 \n AOTG AOT Growth and Innovation ETF Broad innovation and megatrends 77.4% 30.9% +36.18 +14.26 +21.92 78.6 \n PNQI Invesco NASDAQ Internet ETF Internet and e-commerce 76.9% 21.2% +1.80 +14.26 \u221212.46 23.6 \n ITA iShares U.S. Aerospace & Defense ETF Defense 76.6% 2.1% +8.47 +14.26 \u22125.79 37.7 \n IFRA iShares U.S. Infrastructure ETF Infrastructure 75.7% 4.6% +9.59 +14.26 \u22124.67 39.4 \n IVES Dan IVES Wedbush AI Revolution ETF Artificial intelligence 73.9% 33.5% +32.85 +14.26 +18.59 76.0 \n FOWF Pacer Solactive Whitney Future of Warf Broad innovation and megatrends 73.5% 11.6% +2.36 +14.26 \u221211.90 25.8 \n FAI First Trust Bloomberg Artificial Intel Artificial intelligence 72.8% 28.4% +44.01 +14.26 +29.75 87.4 \n JHAI Janus Henderson Global Artificial Inte Artificial intelligence 71.8% 30.0% +41.75 +14.26 +27.49 84.8 \n FDTX Fidelity Disruptive Technology ETF Broad innovation and megatrends 71.1% 24.6% +53.88 +14.26 +39.62 91.4 \n IGPT Invesco AI and Next Gen Software ETF Artificial intelligence 71.1% 19.3% +75.11 +14.26 +60.85 95.8 \n PPA Invesco Aerospace & Defense ETF Defense 71.1% 3.6% +4.20 +14.26 \u221210.06 29.3 \n XAIX Xtrackers Artificial Intelligence and Artificial intelligence 70.6% 28.0% +41.93 +14.26 +27.67 85.2 \n ABOT Abacus FCF Innovation Leaders ETF Broad innovation and megatrends 70.2% 19.1% +16.50 +14.26 +2.24 54.8 \n CLOD Themes Cloud Computing ETF Cloud and software 70.1% 13.4% +20.51 +14.26 +6.25 63.2 \n FRWD Nomura Transformational Technologies E Broad innovation and megatrends 70.1% 25.7% +46.00 +14.26 +31.74 87.9 \n ILDR First Trust Innovation Leaders ETF Broad innovation and megatrends 67.4% 34.1% +29.48 +14.26 +15.22 72.9 \n DTCR Global X Data Center & Digital Infrast Digital infrastructure and data centers 67.1% 9.2% +25.24 +14.26 +10.98 68.9 \n XT iShares Future Exponential Technologie Broad innovation and megatrends 65.9% 33.2% +20.09 +14.26 +5.83 61.2 \n KNCT Invesco Next Gen Connectivity ETF Digital infrastructure and data centers 65.4% 18.2% +49.33 +14.26 +35.07 88.8 \n WTAI WisdomTree Artificial Intelligence and Artificial intelligence 65.1% 28.6% +63.92 +14.26 +49.66 94.1 \n AIQ Global X Artificial Intelligence & Tec Artificial intelligence 64.8% 29.8% +38.59 +14.26 +24.33 81.7 \n TNXT T. Rowe Price Innovation Leaders ETF Broad innovation and megatrends 64.3% 48.4% +22.77 +14.26 +8.51 66.3 \n CIBR First Trust NASDAQ Cybersecurity ETF Cybersecurity 64.1% 9.0% +42.40 +14.26 +28.14 85.7 \n TCAI Tortoise AI Infrastructure ETF Artificial intelligence 63.2% 7.3% +55.59 +14.26 +41.33 92.7 \n BUYZ Franklin Disruptive Commerce ETF Broad innovation and megatrends 62.5% 13.7% +5.62 +14.26 \u22128.64 32.8 \n GGME Invesco Next Gen Media and Gaming ETF Gaming, esports and betting 62.5% 18.6% +17.46 +14.26 +3.20 57.0 \n PAVE Global X U.S. Infrastructure Developme Infrastructure 62.1% 2.8% +14.19 +14.26 \u22120.07 48.7 \n OGIG ALPS | O'Shares Global Internet Giants Internet and e-commerce 61.8% 17.1% +8.88 +14.26 \u22125.38 38.1 \n SRVR Pacer Data & Infrastructure Real Estat Digital infrastructure and data centers 61.8% 1.8% +1.14 +14.26 \u221213.12 20.9 \n XDAT Franklin Exponential Data ETF Broad innovation and megatrends 61.1% 13.8% +18.23 +14.26 +3.97 58.8 \n CHPS Xtrackers Semiconductor Select Equity Semiconductors 61.0% 15.2% +90.94 +14.26 +76.68 98.9 \n SMHX VanEck Fabless Semiconductor ETF Semiconductors 60.7% 12.9% +68.53 +14.26 +54.27 95.4 \n ALAI Alger AI Enablers & Adopters ETF Artificial intelligence 60.0% 34.8% +35.79 +14.26 +21.53 78.2 \n IDGT iShares U.S. Digital Infrastructure an Digital infrastructure and data centers 59.5% 2.0% +20.72 +14.26 +6.46 63.7 \n FMET Fidelity Metaverse ETF Metaverse and immersive tech 58.9% 20.9% +16.45 +14.26 +2.19 54.4 \n ANEW ProShares MSCI Transformational Change Broad innovation and megatrends 58.7% 27.4% +13.00 +14.26 \u22121.26 45.6 \n CHPX Global X AI Semiconductor & Quantum ET Artificial intelligence 58.5% 15.7% +80.49 +14.26 +66.23 96.3 \n NATO Themes Transatlantic Defense ETF Defense 58.4% 2.4% +1.35 +14.26 \u221212.91 21.8 \n EPAI Harbor AI Inflection Strategy ETF Artificial intelligence 58.0% 4.5% +37.36 +14.26 +23.10 80.0 \n MISL First Trust Indxx Aerospace & Defense Defense 57.9% 2.5% +0.09 +14.26 \u221214.17 18.7 \n CARZ First Trust S-Network Future Vehicles Broad innovation and megatrends 56.5% 22.5% +43.65 +14.26 +29.39 86.1 \n ARVR First Trust Indxx Metaverse ETF Metaverse and immersive tech 56.2% 16.7% +27.90 +14.26 +13.64 70.7 \n FDCF Fidelity Disruptive Communications ETF Broad innovation and megatrends 56.1% 20.2% +15.43 +14.26 +1.17 52.6 \n AIPO Defiance AI & Power Infrastructure ETF Artificial intelligence 55.9% 10.2% +31.54 +14.26 +17.28 75.1 \n ARKQ ARK Autonomous Technology & Robotics E Robotics and automation 55.8% 15.2% +15.47 +14.26 +1.21 53.1 \n THMZ Lazard Equity Megatrends ETF Broad innovation and megatrends 55.2% 26.9% +14.73 +14.26 +0.47 50.0 \n CHAT Roundhill Generative AI & Technology E Artificial intelligence 53.9% 28.7% +53.49 +14.26 +39.23 91.0 \n ARKX ARK Space & Defense Innovation ETF Space 53.3% 13.4% +14.08 +14.26 \u22120.18 48.0 \n PSI Invesco Semiconductors ETF Semiconductors 52.2% 13.6% +93.51 +14.26 +79.25 99.3 \n TEKY Lazard Next Gen Technologies ETF Broad innovation and megatrends 51.5% 22.4% +38.57 +14.26 +24.31 81.3 \n ARKW ARK Next Generation Internet ETF Internet and e-commerce 51.3% 16.6% +19.44 +14.26 +5.18 59.7 \n FCLD Fidelity Cloud Computing ETF Cloud and software 51.1% 8.4% +40.60 +14.26 +26.34 83.5 \n AGIX KraneShares Artificial Intelligence an Artificial intelligence 51.0% 30.2% +41.62 +14.26 +27.36 84.4 \n VEGI iShares MSCI Agriculture Producers ETF Food and agriculture 51.0% 0.5% \u22122.49 +14.26 \u221216.75 14.3 \n VOLT Tema Electrification ETF Electrification and the grid 50.1% 3.3% +20.34 +14.26 +6.08 62.3 \n BAI iShares A.I. Innovation and Tech Activ Artificial intelligence 50.0% 22.1% +54.74 +14.26 +40.48 91.9 \n ARTY iShares Future AI & Tech ETF Artificial intelligence 49.7% 15.9% +60.12 +14.26 +45.86 93.2 \n PHO Invesco Water Resources ETF Water 49.2% 0.4% +2.39 +14.26 \u221211.87 26.2 \n FIW First Trust Water ETF Water 48.3% 0.6% +5.37 +14.26 \u22128.89 31.9 \n ELFY ALPS Electrification Infrastructure ET Electrification and the grid 48.1% 5.4% +13.22 +14.26 \u22121.04 46.5 \n CCSO Carbon Collective Climate Solutions U. Clean energy 47.7% 1.3% +6.96 +14.26 \u22127.30 34.6 \n HACK Amplify Cybersecurity ETF Cybersecurity 46.7% 4.7% +37.76 +14.26 +23.50 80.4 \n TMAT Main Thematic Innovation ETF Broad innovation and megatrends 46.4% 8.5% +33.07 +14.26 +18.81 76.9 \n QQQJ Invesco NASDAQ Next Gen 100 ETF Broad innovation and megatrends 46.2% 1.5% +23.70 +14.26 +9.44 66.7 \n METV Roundhill Ball Metaverse ETF Metaverse and immersive tech 46.0% 25.9% +14.45 +14.26 +0.19 49.6 \n FDFF Fidelity Disruptive Finance ETF Broad innovation and megatrends 45.1% 2.6% +6.51 +14.26 \u22127.75 34.1 \n VERS ProShares Metaverse ETF Metaverse and immersive tech 44.9% 22.3% +40.04 +14.26 +25.78 82.6 \n SHLD Global X Defense Tech ETF Defense 44.8% 1.3% \u221218.48 +14.26 \u221232.74 1.1 \n AGNG Global X Aging Population ETF Longevity and aging 44.6% 5.1% +0.22 +14.26 \u221214.04 19.2 \n FBOT Fidelity Disruptive Automation ETF Robotics and automation 44.5% 14.9% +17.36 +14.26 +3.10 56.6 \n THNQ ROBO Global(R) Artificial Intelligence Artificial intelligence 43.9% 16.9% +53.10 +14.26 +38.84 90.5 \n FINX Global X FinTech ETF Fintech and digital payments 42.9% 0.5% +8.02 +14.26 \u22126.24 37.2 \n AIS VistaShares Artificial Intelligence Su Artificial intelligence 42.3% 12.3% +97.11 +14.26 +82.85 99.8 \n ONLN ProShares Online Retail ETF Internet and e-commerce 42.1% 3.8% +2.12 +14.26 \u221212.14 24.9 \n SKYY First Trust Cloud Computing ETF Cloud and software 42.1% 13.9% +21.96 +14.26 +7.70 65.4 \n MOO VanEck Agribusiness ETF Food and agriculture 41.7% 0.5% \u22126.39 +14.26 \u221220.65 9.5 \n ISHP First Trust S-Network E-Commerce ETF Internet and e-commerce 41.3% 7.6% \u22120.67 +14.26 \u221214.93 17.8 \n GRID First Trust NASDAQ Clean Edge Smart Gr Electrification and the grid 40.8% 7.9% +15.40 +14.26 +1.14 52.2 \n EKG First Trust Nasdaq Lux Digital Health Healthcare innovation and GLP-1 40.5% 0.4% +14.96 +14.26 +0.70 50.4 \n GCAD Gabelli Commercial Aerospace and Defen Defense 40.2% 2.8% +9.67 +14.26 \u22124.59 40.3 \n WQTM WisdomTree Quantum Computing Fund Quantum computing 38.5% 16.4% +52.03 +14.26 +37.77 90.1 \n ARKK ARK Innovation ETF Broad innovation and megatrends 38.4% 11.4% +18.16 +14.26 +3.90 58.4 \n PIO Invesco Global Water ETF Water 38.0% 0.4% +2.79 +14.26 \u221211.47 27.1 \n DTRE First Trust Alerian Disruptive Technol Broad innovation and megatrends 37.1% 0.6% +7.05 +14.26 \u22127.21 35.0 \n ARKF ARK Blockchain & Fintech Innovation ET Fintech and digital payments 36.7% 10.1% +4.01 +14.26 \u221210.25 28.9 \n BULD Pacer BlueStar Engineering the Future Broad innovation and megatrends 35.8% 2.8% +39.23 +14.26 +24.97 82.2 \n IDEF iShares Defense Industrials Active ETF Defense 35.6% 2.1% \u22125.51 +14.26 \u221219.77 10.4 \n QTUM Defiance Quantum ETF Quantum computing 35.6% 16.5% +51.58 +14.26 +37.32 89.6 \n WDGF WisdomTree Global Defense Fund Defense 34.9% 1.7% \u221210.28 +14.26 \u221224.54 6.4 \n WCBR WisdomTree Cybersecurity Fund Cybersecurity 34.0% 1.1% +43.96 +14.26 +29.70 87.0 \n EFRA iShares Environmental Infrastructure a Infrastructure 33.4% 0.2% +3.88 +14.26 \u221210.38 28.0 \n XSD State Street(R) SPDR(R) S&P(R) Semicon Semiconductors 33.4% 10.6% +87.83 +14.26 +73.57 98.0 \n CLOU Global X Cloud Computing ETF Cloud and software 33.2% 6.6% +15.20 +14.26 +0.94 51.3 \n ROBT First Trust Nasdaq Artificial Intellig Artificial intelligence 33.2% 14.3% +20.27 +14.26 +6.01 61.9 \n QCLN First Trust Nasdaq Clean Edge Green En Clean energy 33.0% 2.1% +30.77 +14.26 +16.51 74.7 \n NEWZ StockSnips AI-Powered Sentiment US All Artificial intelligence 32.7% 8.0% +8.01 +14.26 \u22126.25 36.8 \n BUG Global X Cybersecurity ETF Cybersecurity 32.6% 0.9% +50.71 +14.26 +36.45 89.2 \n INVN Alger Russell Innovation ETF Broad innovation and megatrends 32.5% 1.5% +14.08 +14.26 \u22120.18 48.0 \n PAWZ ProShares Pet Care ETF Pets and consumer themes 32.4% 0.9% \u22126.58 +14.26 \u221220.84 8.6 \n WISE Themes Generative Artificial Intellige Artificial intelligence 32.4% 16.4% +17.69 +14.26 +3.43 57.5 \n XAR State Street(R) SPDR(R) S&P(R) Aerospa Defense 32.4% 2.1% +9.20 +14.26 \u22125.06 39.0 \n HTEC ROBO Global(R) Healthcare Technology a Broad innovation and megatrends 31.8% 2.1% +11.82 +14.26 \u22122.44 43.4 \n IBLC iShares Blockchain and Tech ETF Blockchain and crypto equities 31.6% 6.8% +31.90 +14.26 +17.64 75.6 \n RCTR First Trust Bloomberg Nuclear Power ET Nuclear and uranium 31.2% 1.1% \u22125.86 +14.26 \u221220.12 9.9 \n BLOK Amplify Blockchain Technology ETF Blockchain and crypto equities 30.8% 8.2% +25.54 +14.26 +11.28 69.4 \n KROP Global X AgTech & Food Innovation ETF Food and agriculture 30.7% 0.4% +1.60 +14.26 \u221212.66 22.7 \n IBOT VanEck Robotics ETF Robotics and automation 30.0% 8.5% +26.32 +14.26 +12.06 70.3 \n FTAG First Trust Indxx Global Agriculture E Food and agriculture 29.4% 0.4% \u22121.77 +14.26 \u221216.03 16.1 \n DRIV Global X Autonomous & Electric Vehicle Electric vehicles and batteries 29.3% 11.3% +25.03 +14.26 +10.77 68.5 \n HEAL Global X HealthTech ETF Healthcare innovation and GLP-1 28.9% 0.5% +15.37 +14.26 +1.11 51.8 \n IBUY Amplify Online Retail ETF Internet and e-commerce 28.7% 5.0% +10.69 +14.26 \u22123.57 41.6 \n POW VistaShares Electrification Supercycle Electrification and the grid 28.6% 2.5% +25.77 +14.26 +11.51 69.8 \n PSWD Xtrackers Cybersecurity Select Equity Cybersecurity 28.4% 1.1% +36.53 +14.26 +22.27 79.1 \n SNSR Global X Internet of Things ETF Digital infrastructure and data centers 27.7% 2.3% +33.06 +14.26 +18.80 76.4 \n FITE State Street(R) SPDR(R) S&P Kensho Fut Broad innovation and megatrends 26.7% 4.8% +29.23 +14.26 +14.97 72.0 \n CGW Invesco S&P Global Water Index ETF Water 26.4% 0.2% +1.81 +14.26 \u221212.45 24.0 \n SPAM Themes Cybersecurity ETF Cybersecurity 26.4% 0.9% +43.82 +14.26 +29.56 86.6 \n UFO Procure Space ETF Space 25.9% 1.4% +9.66 +14.26 \u22124.60 39.9 \n AQWA Global X Clean Water ETF Water 25.4% 0.1% +2.52 +14.26 \u221211.74 26.7 \n FMED Fidelity Disruptive Medicine ETF Broad innovation and megatrends 25.4% 2.9% +15.53 +14.26 +1.27 53.5 \n COPP Sprott Copper Miners ETF Electrification and the grid 25.1% 0.1% +4.62 +14.26 \u22129.64 29.7 \n CRPT First Trust SkyBridge Crypto Industry Blockchain and crypto equities 25.0% 3.1% \u22122.74 +14.26 \u221217.00 13.4 \n OZEM Roundhill GLP-1 & Weight Loss ETF Healthcare innovation and GLP-1 24.8% 2.2% +2.01 +14.26 \u221212.25 24.4 \n URAN Themes Uranium & Nuclear ETF Nuclear and uranium 24.7% 0.5% \u221213.77 +14.26 \u221228.03 3.3 \n BNGE First Trust S-Network Streaming & Gami Gaming, esports and betting 24.4% 1.0% +0.63 +14.26 \u221213.63 19.6 \n NUKZ Range Nuclear Renaissance Index ETF Nuclear and uranium 23.1% 1.3% +1.41 +14.26 \u221212.85 22.2 \n UPGR Xtrackers US Green Infrastructure Sele Infrastructure 22.9% 2.6% +20.05 +14.26 +5.79 60.6 \n ROBO ROBO Global(R) Robotics and Automation Robotics and automation 22.2% 3.9% +22.13 +14.26 +7.87 65.9 \n CNRG State Street(R) SPDR(R) S&P Kensho Cle Clean energy 22.1% 3.1% +23.91 +14.26 +9.65 67.2 \n LENS Sarmaya Thematic ETF Broad innovation and megatrends 21.7% 2.1% \u221215.55 +14.26 \u221229.81 2.9 \n IDNA iShares Genomics Immunology and Health Genomics and biotech innovation 21.4% 0.9% +16.11 +14.26 +1.85 54.0 \n FDRV Fidelity Electric Vehicles and Future Electric vehicles and batteries 21.3% 2.6% +17.01 +14.26 +2.75 56.2 \n FDIG Fidelity Crypto Industry and Digital P Blockchain and crypto equities 20.2% 1.9% +30.37 +14.26 +16.11 73.8 \n BCDF Horizon Kinetics Blockchain Developmen Blockchain and crypto equities 20.1% 0.4% \u22122.93 +14.26 \u221217.19 13.0 \n XSW State Street(R) SPDR(R) S&P(R) Softwar Cloud and software 19.8% 4.6% +20.36 +14.26 +6.10 62.8 \n SOCL Global X Social Media ETF Internet and e-commerce 19.7% 5.2% +0.88 +14.26 \u221213.38 20.5 \n KOID KraneShares Global Humanoid Robotics a Artificial intelligence 19.1% 4.9% +29.66 +14.26 +15.40 73.3 \n BOTZ Global X Robotics & Artificial Intelli Robotics and automation 18.7% 11.9% +11.97 +14.26 \u22122.29 43.8 \n SMOG VanEck Low Carbon Energy ETF Clean energy 18.7% 2.2% +5.04 +14.26 \u22129.22 30.2 \n AWAY Amplify Travel Tech ETF Pets and consumer themes 17.9% 0.6% +12.31 +14.26 \u22121.95 44.7 \n GNOM Global X Genomics & Biotechnology ETF Genomics and biotech innovation 17.9% 2.4% +28.74 +14.26 +14.48 71.6 \n TNUK Tortoise Nuclear Renaissance ETF Nuclear and uranium 17.5% 0.8% \u22124.04 +14.26 \u221218.30 12.1 \n IHAK iShares Cybersecurity and Tech ETF Cybersecurity 17.2% 0.9% +37.12 +14.26 +22.86 79.5 \n NERD Roundhill Video Games ETF Gaming, esports and betting 17.2% 0.1% \u22124.61 +14.26 \u221218.87 11.7 \n DAPP VanEck Digital Transformation ETF Blockchain and crypto equities 17.1% 0.1% +30.68 +14.26 +16.42 74.2 \n HAIL State Street(R) SPDR(R) S&P Kensho Sma Electric vehicles and batteries 16.8% 5.0% +21.48 +14.26 +7.22 64.5 \n WCLD WisdomTree Cloud Computing Fund Cloud and software 15.7% 1.8% +16.72 +14.26 +2.46 55.3 \n DRNZ REX Drone ETF Robotics and automation 15.4% 2.7% \u22128.01 +14.26 \u221222.27 7.7 \n HELX Franklin Genomic Advancements ETF Healthcare innovation and GLP-1 15.1% 2.8% +19.84 +14.26 +5.58 60.1 \n NLR VanEck Uranium and Nuclear ETF Nuclear and uranium 15.1% 0.2% \u221213.68 +14.26 \u221227.94 3.7 \n BOTT Themes Humanoid Robotics ETF Robotics and automation 15.0% 6.5% +7.96 +14.26 \u22126.30 36.3 \n ACES ALPS Clean Energy ETF Clean energy 14.7% 1.9% +5.35 +14.26 \u22128.91 31.5 \n BATT Amplify Lithium & Battery Technology E Electric vehicles and batteries 14.6% 2.0% +2.19 +14.26 \u221212.07 25.3 \n VCLN Virtus Duff & Phelps Clean Energy ETF Clean energy 14.1% 1.1% +11.17 +14.26 \u22123.09 42.5 \n HERO Global X Video Games & Esports ETF Gaming, esports and betting 14.0% 0.1% \u22124.95 +14.26 \u221219.21 11.2 \n HUMN Roundhill Humanoid Robotics ETF Robotics and automation 13.4% 4.9% +20.93 +14.26 +6.67 64.1 \n ESPO VanEck Video Gaming and eSports ETF Gaming, esports and betting 13.3% 0.1% \u22121.31 +14.26 \u221215.57 16.5 \n STCE Schwab Crypto Thematic ETF Blockchain and crypto equities 12.7% 0.4% +33.98 +14.26 +19.72 77.8 \n TAN Invesco Solar ETF Clean energy 11.7% 0.0% +5.12 +14.26 \u22129.14 30.6 \n EMET VanEck Copper and Electrification Meta Electrification and the grid 11.2% 0.2% \u22122.50 +14.26 \u221216.76 13.9 \n ICOP iShares Copper and Metals Mining ETF Electrification and the grid 11.2% 0.3% +0.77 +14.26 \u221213.49 20.0 \n SATO Invesco Alerian Galaxy Crypto Economy Blockchain and crypto equities 10.9% 6.8% +14.28 +14.26 +0.02 49.1 \n ARMY Tema International Defense ETF Defense 10.1% 1.6% \u221210.86 +14.26 \u221225.12 5.1 \n FRNW Fidelity Clean Energy ETF Clean energy 9.7% 0.5% +5.63 +14.26 \u22128.63 33.3 \n LITP Sprott Lithium Miners ETF Electric vehicles and batteries 9.7% 0.0% \u22127.57 +14.26 \u221221.83 8.1 \n BKCH Global X Blockchain ETF Blockchain and crypto equities 9.5% 0.1% +33.42 +14.26 +19.16 77.3 \n LIT Global X Lithium & Battery Tech ETF Electric vehicles and batteries 9.2% 1.9% +5.60 +14.26 \u22128.66 32.4 \n IDRV iShares Self-Driving EV and Tech ETF Electric vehicles and batteries 8.8% 1.9% \u22121.28 +14.26 \u221215.54 17.0 \n COPA Themes Copper Miners ETF Electrification and the grid 8.6% 0.1% +7.95 +14.26 \u22126.31 35.9 \n LIMI Themes Lithium & Battery Metal Miners Electric vehicles and batteries 7.5% 0.0% \u22122.43 +14.26 \u221216.69 14.8 \n PBW Invesco WilderHill Clean Energy ETF Clean energy 7.4% 1.6% +24.25 +14.26 +9.99 67.6 \n ICLN iShares Global Clean Energy ETF Clean energy 7.2% 0.0% +12.57 +14.26 \u22121.69 45.2 \n ILIT iShares Lithium Miners and Producers E Electric vehicles and batteries 7.2% 0.0% +1.70 +14.26 \u221212.56 23.1 \n KARS KraneShares Electric Vehicles and Futu Electric vehicles and batteries 6.8% 1.9% \u22122.08 +14.26 \u221216.34 15.2 \n FAN First Trust Global Wind Energy ETF Clean energy 6.6% 0.8% +1.25 +14.26 \u221213.01 21.4 \n COPX Global X Copper Miners ETF Electrification and the grid 5.1% 0.1% \u22121.17 +14.26 \u221215.43 17.4 \n MNRS Grayscale Bitcoin Miners ETF Blockchain and crypto equities 5.0% 2.4% +62.50 +14.26 +48.24 93.6 \n ION ProShares S&P Global Core Battery Meta Electric vehicles and batteries 3.2% 0.0% \u221210.77 +14.26 \u221225.03 5.5 \n JEDI Defiance Drone and Modern Warfare ETF Robotics and automation 3.2% 1.1% +10.79 +14.26 \u22123.47 42.1 \n HYDR Global X Hydrogen ETF Clean energy 2.8% 0.3% +46.55 +14.26 +32.29 88.3 \n WGMI CoinShares Bitcoin Mining ETF Blockchain and crypto equities 2.5% 2.1% +80.92 +14.26 +66.66 96.7 \n NASA Tema Space Innovators ETF Space 2.4% 0.0% +15.03 +14.26 +0.77 50.9 \n PBD Invesco Global Clean Energy ETF Clean energy 1.5% 0.1% +9.06 +14.26 \u22125.20 38.5 \n ARKG ARK Genomic Revolution ETF Genomics and biotech innovation 1.0% 1.0% +55.26 +14.26 +41.00 92.3 \n BETZ Roundhill Sports Betting & iGaming ETF Gaming, esports and betting 0.0% 0.0% +2.86 +14.26 \u221211.40 27.5 \n CNBS Amplify Seymour Cannabis ETF Cannabis 0.0% 0.0% +28.24 +14.26 +13.98 71.1 \n COPJ Sprott Junior Copper Miners ETF Electrification and the grid 0.0% 0.0% \u22120.40 +14.26 \u221214.66 18.3 \n DRAI Draco Evolution AI ETF Artificial intelligence 0.0% 0.0% +18.69 +14.26 +4.43 59.3 \n DRGN Themes China Generative Artificial Int Artificial intelligence 0.0% 0.0% +21.73 +14.26 +7.47 65.0 \n EMQQ EMQQ The Emerging Markets Internet ETF Internet and e-commerce 0.0% 0.0% \u22125.24 +14.26 \u221219.50 10.8 \n EUAD Select STOXX Europe Aerospace & Defens Defense 0.0% 0.0% \u22121.88 +14.26 \u221216.14 15.6 \n FDNI First Trust Dow Jones International In Internet and e-commerce 0.0% 0.0% \u22126.44 +14.26 \u221220.70 9.0 \n FMQQ FMQQ The Next Frontier Internet ETF Internet and e-commerce 0.0% 0.0% +3.97 +14.26 \u221210.29 28.4 \n GXDW Global X Dorsey Wright Thematic ETF Broad innovation and megatrends 0.0% 0.0% +18.00 +14.26 +3.74 57.9 \n INQQ INQQ The India Internet ETF Internet and e-commerce 0.0% 0.0% +9.72 +14.26 \u22124.54 40.7 \n IPAV Global X Infrastructure Development ex Infrastructure 0.0% 0.0% +5.21 +14.26 \u22129.05 31.1 \n KDEF PLUS Korea Defense Industry Index ETF Defense 0.0% 0.0% \u221227.46 +14.26 \u221241.72 0.2 \n KGRN KraneShares MSCI China Clean Technolog Clean energy 0.0% 0.0% \u221217.45 +14.26 \u221231.71 2.0 \n KWEB KraneShares CSI China Internet ETF Internet and e-commerce 0.0% 0.0% \u221213.53 +14.26 \u221227.79 4.2 \n LFSC F/m Emerald Life Sciences Innovation E Broad innovation and megatrends 0.0% 0.0% +29.44 +14.26 +15.18 72.5 \n MJ Amplify Alternative Harvest ETF Cannabis 0.0% 0.0% +11.18 +14.26 \u22123.08 43.0 \n MSOS AdvisorShares Pure US Cannabis ETF Cannabis 0.0% 0.0% +38.04 +14.26 +23.78 80.8 \n RNRG Global X Renewable Energy Producers ET Clean energy 0.0% 0.0% \u22123.41 +14.26 \u221217.67 12.6 \n URA Global X Uranium ETF Nuclear and uranium 0.0% 0.0% \u221211.29 +14.26 \u221225.55 4.6 \n URNJ Sprott Junior Uranium Miners ETF Nuclear and uranium 0.0% 0.0% \u221222.23 +14.26 \u221236.49 0.7 \n URNM Sprott Uranium Miners ETF Nuclear and uranium 0.0% 0.0% \u221217.66 +14.26 \u221231.92 1.5 \n UX Roundhill Uranium ETF Nuclear and uranium 0.0% 0.0% \u221210.62 +14.26 \u221224.88 5.9 \n WDAF WisdomTree Asia Defense Fund Defense 0.0% 0.0% \u22128.69 +14.26 \u221222.95 7.3 \n WDEF WisdomTree Europe Defense Fund Defense 0.0% 0.0% \u221216.72 +14.26 \u221230.98 2.4 \n WEED Roundhill Cannabis ETF Cannabis 0.0% 0.0% +41.01 +14.26 +26.75 83.9 \n XDEF Xtrackers Europe Defense Technologies Defense 0.0% 0.0% \u22128.92 +14.26 \u221223.18 6.8 \n\n How this was computed\n Two kinds of fact, and they are kept apart. The returns are each fund\u2019s total return across the quarter on split and distribution adjusted closes, against the S&P 500 over the same two dates, from Tiingo. They are exact and they do not move.\n The holdings are read from each fund\u2019s own filing, and a filing has a date. A fund is in this study only if its book was filed for a date inside the quarter: the books here run from Apr 30, 2026 to Jun 30, 2026. A book from after the quarter is a fact about a later one and a book from long before it is a fact about an older one, and either published beside an exact return would be the two halves of this page describing different three-month periods. \"In the index\" is the share of the fund\u2019s equity weight held in companies that are in the S&P 500 at all; \"by weight\" is how much of the book overlaps the index at the same weights. Both come from the same function the category page uses.\n What was left out, and why\n A fund that did not trade the whole quarter has no quarter. A fund whose price is unchanged on more than half its days is a quote rather than a trade. And a fund with no book filed for a date inside the quarter can have its return measured but not its overlap, so it is counted here rather than published with one number missing.\n Funds excluded and why, 2026-Q2. Source: ETFIQ. Reason Funds \n not the whole quarter 57 \n quoted rather than traded 14 \n no book filed inside the quarter 18 \n \n Where the quarter starts\n Each return here runs from the first close inside the quarter to the last, so the move on the quarter\u2019s first trading day is left out. An issuer\u2019s quarterly number starts at the prior quarter-end close, so the two can differ by that day\u2019s move, which for a leveraged or single-stock fund can be several points.\n Check it yourself\n Every number above is in the file below, fund by fund, with the excluded funds and the reason for each. The data ETFIQ computed is free to use, including commercially, with attribution to ETFIQ and a link; the terms a fund row restates are its issuer's and stay under its owner's terms.\n Data file Every fund in this study, with the exclusions https://etfiq.com/data/quarterly/2026-q2-themes.json \n Method Method https://etfiq.com/methodology/themes \n Open data The manifest describing every file ETFIQ publishes https://etfiq.com/data/ \n Cite this ETFIQ, How much of a theme was already the index, 2026-Q2, Sep 11, 2026 https://etfiq.com/research/quarterly/2026-q2-themes/ \n\n Where to next\n Thematic ETFs, measured to yesterday The whole quarter, all five categories Every edition \n Cite this page. ETFIQ, How much of a theme was already the index, 2026-Q2, data as of Sep 11, 2026. https://etfiq.com/research/quarterly/2026-q2-themes/ Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, How much of a theme was already the index, 2026-Q2, data as of Sep 11, 2026. https://etfiq.com/research/quarterly/2026-q2-themes/ APA ETFIQ. (Sep 11, 2026). How much of a theme was already the index, 2026-Q2. Retrieved from https://etfiq.com/research/quarterly/2026-q2-themes/ Markdown [How much of a theme was already the index, 2026-Q2 (ETFIQ, Sep 11, 2026)](https://etfiq.com/research/quarterly/2026-q2-themes/)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, How much of a theme was already the index, 2026-Q2, data as of Sep 11, 2026. https://etfiq.com/research/quarterly/2026-q2-themes/"}