Thematic ETFs ranked by the S&P 500 Difference Score

How much of its weight does it not share with the S&P 500? S&P 500 Difference Score is where a fund sits among the 112 thematic ETFs it can honestly be compared with, on that one question.

It is a rank turned into a percentile, so the middle of the set is 49.8 and the top of it today is 99.6 rather than 100, and the lowest is 0.4. A percentile has no weights to argue with and can be recomputed by anyone with the file.

A high score is not a recommendation and a low one is not a warning. Weight not shared with the S&P 500 only; it says nothing about returns, fees or whether the theme pays off. 100 minus weight overlap is active share, which is Cremers and Petajisto and not an ETFIQ invention; what is ETFIQ’s is the percentile. Only funds with at least half their money in S&P 500 companies are ranked, because against the S&P 500 a small-cap or international fund scores high by construction. A high score says nothing about fees, returns or how many stocks the fund holds.

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S&P 500 Difference Score, one bar per fund

10050 is the middle of a set · green: 80 and above0

112

funds scored

99.6

highest, LGHT

0.4

lowest, USNZ

The set, every fund on its percentile

Thematic ETFs with at least half their money in S&P 500 companies112 funds · median 49.8 · top 99.6

It is a rank turned into a percentile, so the middle of the set is 49.8 and the top of it today is 99.6 rather than 100, and the lowest is 0.4.

All 112, ranked

112 of 112 · click a column to sort

IQ Themes Score

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

Thematic ETFs ranked by the S&P 500 Difference Score
#	Ticker	Fund	Issuer	S&P 500 Difference Score ↓	Active share against the S&P 500
1	LGHT	Langar Global HealthTech ETF	Langar	99.6	99.5%
2	PHO	Invesco Water Resources ETF	Invesco	98.7	99.4%
3	BBH	VanEck Biotech ETF	VanEck	97.8	99.0%
4	DOCK	Corgi Ports, Rail & Freight ETF	Corgi	96.9	98.8%
5	IHI	iShares U.S. Medical Devices ETF	iShares	96	98.7%
6	SRVR	Pacer Data & Infrastructure Real Estate ETF	Pacer	95.1	98.5%
7	TPZ	Tortoise Electrification Infrastructure ETF	Tortoise	94.2	98.3%
8	DRES	GMO Domestic Resilience ETF	GMO	92.9	98.2%
9	NFRX	Harrison Street Infrastructure Active ETF	not established	92.9	98.2%
10	DUTY	U.S. Defense ETF	Aura	91.1	98.1%
11	WNDR	Corgi Travel & Leisure ETF	Corgi	91.1	98.1%
12	KYC	Corgi Digital Banking & Fintech Infrastructure ETF	Corgi	89.3	97.8%
13	ZAP	Global X U.S. Electrification ETF	Global X	89.3	97.8%
14	IPAY	Amplify Digital Payments ETF	Amplify	87.5	97.7%
15	ITA	iShares U.S. Aerospace & Defense ETF	iShares	87.5	97.7%
16	AV	Corgi Aerospace & Commercial Aviation ETF	Corgi	85.3	97.6%
17	NATO	Themes Transatlantic Defense ETF	Themes	85.3	97.6%
18	TSSD	Truth Social American Security & Defense ETF	Yorkville	85.3	97.6%
19	HVAC	AdvisorShares HVAC and Industrials ETF	AdvisorShares	83	97.5%
20	RIFR	Russell Investments Global Infrastructure ETF	Russell Investments	83	97.5%
21	MISL	First Trust Indxx Aerospace & Defense ETF	First Trust	81.7	97.4%
22	FPWR	First Trust EIP Power Solutions ETF	First Trust	79.9	97.2%
23	IVEP	Dan IVES Wedbush AI Power & Infrastructure ETF	Wedbush	79.9	97.2%
24	PAVE	Global X U.S. Infrastructure Development ETF	Global X	79.9	97.2%
25	YUNG	Corgi Longevity Consumer ETF	Corgi	78.1	97.1%
26	POWR	iShares U.S. Power Infrastructure ETF	iShares	76.8	96.9%
27	VOLT	Tema Electrification ETF	Tema	76.8	96.9%
28	WR	Corgi U.S. War Machine ETF	Corgi	75.4	96.6%
29	PPA	Invesco Aerospace & Defense ETF	Invesco	74.6	96.4%
30	IFRA	iShares U.S. Infrastructure ETF	iShares	73.7	95.7%
31	BMED	iShares Health Innovation Active ETF	iShares	72.3	95.6%
32	EPAI	Harbor AI Inflection Strategy ETF	Harbor	72.3	95.6%
33	GDOC	Goldman Sachs Future Health Care Equity ETF	Goldman Sachs	71	95.4%
34	PBPH	Portfolio Building Block World Pharma and Biotech In	Portfolio Building Block	70.1	95.0%
35	MADE	iShares U.S. Manufacturing ETF	iShares	69.2	94.8%
36	TSES	Truth Social American Energy Security ETF	Yorkville	68.3	94.7%
37	NEWZ	StockSnips AI-Powered Sentiment US All Cap ETF	StockSnips	67.4	94.6%
38	TCAI	Tortoise AI Infrastructure ETF	Tortoise	66.5	92.7%
39	IGV	iShares Expanded Tech-Software Sector ETF	iShares	65.6	92.4%
40	PSI	Invesco Semiconductors ETF	Invesco	64.7	92.2%
41	RBLD	First Trust Alerian U.S. NextGen Infrastructure ETF	First Trust	63.8	91.9%
42	FCLD	Fidelity Cloud Computing ETF	Fidelity	62.5	91.6%
43	TMAT	Main Thematic Innovation ETF	Main	62.5	91.6%
44	CIBR	First Trust NASDAQ Cybersecurity ETF	First Trust	61.2	90.9%
45	DTCR	Global X Data Center & Digital Infrastructure ETF	Global X	60.3	90.8%
46	PCLN	Pictet Cleaner Planet ETF	Pictet	59.4	89.5%
47	NRSH	Aztlan North America Nearshoring Stock Selection ETF	Aztlan	58.5	88.6%
48	FOWF	Pacer Solactive Whitney Future of Warfare ETF	Pacer	57.6	88.4%
49	SMHX	VanEck Fabless Semiconductor ETF	VanEck	56.7	87.2%
50	CLOD	Themes Cloud Computing ETF	Themes	55.8	86.7%
51	BUYZ	Franklin Disruptive Commerce ETF	Franklin	54.9	86.3%
52	XDAT	Franklin Exponential Data ETF	Franklin	54	86.2%
53	AIPO	Defiance AI & Power Infrastructure ETF	Defiance	52.7	85.5%
54	FDN	First Trust Dow Jones Internet Index Fund	First Trust	52.7	85.5%
55	AGIQ	SoFi Agentic AI ETF	SoFi	51.3	85.2%
56	CHPS	Xtrackers Semiconductor Select Equity ETF	Xtrackers	50.4	84.8%
57	CHPX	Global X AI Semiconductor & Quantum ETF	Global X	49.1	84.3%
58	RACK	VanEck Data Center Supply Chain ETF	VanEck	49.1	84.3%
59	SUPP	TCW Transform Supply Chain ETF	TCW	47.8	84.2%
60	MILN	Global X Millennial Consumer ETF	Global X	46.9	83.9%
61	ABOT	Abacus FCF Innovation Leaders ETF	Abacus FCF	46	83.7%
62	ARKX	ARK Space & Defense Innovation ETF	ARK	45.1	83.6%
63	ARTY	iShares Future AI & Tech ETF	iShares	44.2	83.0%
64	OGIG	ALPS \| O'Shares Global Internet Giants ETF Shares	ALPS	43.3	82.9%
65	UFOX	Defiance Space and Connective Tech ETF	Defiance	42.4	82.7%
66	CBOT	Corgi Robots & Humanoids ETF	Corgi	41.5	82.4%
67	SOXX	iShares Semiconductor ETF	iShares	40.6	82.3%
68	PBOT	Pictet AI & Automation ETF	Pictet	39.7	82.1%
69	KNCT	Invesco Next Gen Connectivity ETF	Invesco	38.8	81.7%
70	GGME	Invesco Next Gen Media and Gaming ETF	Invesco	37.9	81.5%
71	FTXL	First Trust Nasdaq Semiconductor ETF	First Trust	37.1	80.9%
72	SOXQ	Invesco PHLX Semiconductor ETF	Invesco	36.2	80.8%
73	SMH	VanEck Semiconductor ETF	VanEck	35.3	80.7%
74	SHOC	Strive U.S. Semiconductor ETF	Strive	34.4	80.5%
75	AINT	FINQ DOLLAR NEUTRAL U.S. Large Cap AI-Managed Equity	FINQ	33.5	80.3%
76	ARKQ	ARK Autonomous Technology & Robotics ETF	ARK	32.6	80.2%
77	ARKW	ARK Next Generation Internet ETF	ARK	31.7	79.9%
78	FDCF	Fidelity Disruptive Communications ETF	Fidelity	30.8	79.8%
79	IGPT	Invesco AI and Next Gen Software ETF	Invesco	29.9	79.2%
80	FMET	Fidelity Metaverse ETF	Fidelity	29	79.1%
81	PNQI	Invesco NASDAQ Internet ETF	Invesco	28.1	78.9%
82	TEKY	Lazard Next Gen Technologies ETF	Lazard	27.2	77.7%
83	AIUP	FINQ FIRST U.S. Large Cap AI-Managed Equity ETF	FINQ	26.3	76.1%
84	BAI	iShares A.I. Innovation and Tech Active ETF	iShares	25.4	75.7%
85	FDTX	Fidelity Disruptive Technology ETF	Fidelity	24.6	75.5%
86	WUGI	AXS Esoterica NextG Economy ETF	AXS	23.7	75.2%
87	AIFD	TCW Artificial Intelligence ETF	TCW	22.3	74.4%
88	FRWD	Nomura Transformational Technologies ETF	Nomura	22.3	74.4%
89	CARZ	First Trust S-Network Future Vehicles & Technology E	First Trust	21	74.3%
90	THMZ	Lazard Equity Megatrends ETF	Lazard	20.1	73.5%
91	XAIX	Xtrackers Artificial Intelligence and Big Data ETF	Xtrackers	19.2	72.0%
92	WTAI	WisdomTree Artificial Intelligence and Innovation Fu	WisdomTree	18.3	71.5%
93	CHAT	Roundhill Generative AI & Technology ETF	Roundhill	17.4	70.6%
94	AIQ	Global X Artificial Intelligence & Technology ETF	Global X	16.5	70.2%
95	FAI	First Trust Bloomberg Artificial Intelligence ETF	First Trust	15.6	70.1%
96	AIEQ	Amplify AI Powered Equity ETF	Amplify	14.3	69.2%
97	XT	iShares Future Exponential Technologies ETF	iShares	14.3	69.2%
98	AOTG	AOT Growth and Innovation ETF	AOT Invest	12.9	69.1%
99	AGIX	KraneShares Public-Private AI & Technology ETF	KraneShares	12.1	68.7%
100	JHAI	Janus Henderson Global Artificial Intelligence ETF	Janus Henderson	11.2	68.1%
101	PEXL	Pacer US Export Leaders ETF	Pacer	10.3	67.1%
102	ILDR	First Trust Innovation Leaders ETF	First Trust	9.4	66.9%
103	IVES	Dan IVES Wedbush AI Revolution ETF	Wedbush	8.5	66.3%
104	ALAI	Alger AI Enablers & Adopters ETF	Alger	7.6	65.2%
105	LQAI	LG QRAFT AI-Powered U.S. Large Cap Core ETF	Qraft	6.7	64.9%
106	AIX	Defiance US 100 Tech AI Moat ETF	Defiance	5.8	63.7%
107	CRTC	Xtrackers US National Critical Technologies ETF	Xtrackers	4.9	61.8%
108	XIGV	Defiance US 100 Tech Ex Software ETF	Defiance	4	60.4%
109	IETC	iShares U.S. Tech Independence Focused ETF	iShares	3.1	59.7%
110	TNXT	T. Rowe Price Innovation Leaders ETF	T. Rowe Price	2.2	51.6%
111	IQSZ	Invesco Global Equity Net Zero ETF	Invesco	1.3	49.2%
112	USNZ	Xtrackers Net Zero Pathway Paris Aligned US Equity E	Xtrackers	0.4	23.1%

Thematic ETFs ranked by the S&P 500 Difference Score, as of Oct 27, 2026. Source: ETFIQ. Sorted by score inside each set; the first column is the rank inside its own set.Method

Not scored

277 thematic ETFs carry the number and no score, each for the reason beside it: a set needs twelve funds, and a fund outside a ranked set has no score rather than a low one.

Show the 277 funds not scored

Not a rating

A high score is not a recommendation and a low one is not a warning. ETFIQ is an independent publisher, not an adviser.

How each score is computed →Standards and sources →

Where to next

Buffer ETFs · Downside Cover Score→Income ETFs · Distribution Coverage Score→Leveraged ETFs · 3-Month Tracking Score→Crypto ETFs · Coin Capture Score→Alternatives ETFs · Stock Diversification Score→Bond ETFs · Rate Cushion Score→Every thematic ETF414 →Every thematic ETF ranking→Method→The file, scores.json→

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ETFIQ, Thematic ETFs ranked by the S&P 500 Difference Score, data as of Oct 27, 2026. https://etfiq.com/scores/themes/

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