Data as of Oct 27, 2026.

Theme · 8 funds

Healthcare innovation ETFs

See every healthcare innovation ETF by what it holds, not by its name. Funds that hold the companies changing how healthcare is delivered, including the makers of the GLP-1 weight loss drugs and digital health businesses. 8 funds, largest first. Updated Oct 27, 2026. The typical fund carries 35% of its weight in S&P 500 stocks, the 21st most of the 53 themes with holdings on file.

The short answers
How many there are
8
US listed healthcare innovation ETFs, as of Oct 27, 2026.
The largest
Roundhill GLP-1 & Weight Loss ETF, $54m.
The cheapest
WisdomTree BioRevolution Fund, 0.45% a year.
Best one year total return
WisdomTree BioRevolution Fund, +44.5%.
Least like the S&P 500
Franklin Genomic Advancements ETF, 14.9% of its weight in S&P 500 companies.
Closest pair
68% of their weight in the same companies.

What these funds actually own

Between them the 8 funds' ten largest holdings name 61 companies, of which 16 appear in more than one.
More

Eli Lilly & Co is among the ten largest of 4 of them, at an average of 8.3% of the fund.

CompanyIn the top ten ofAvg weightLargest, and where
Eli Lilly & Co LLY4 of 88.3%14.7% in OZEM
NATERA INC NTRA3 of 86.3%9.2% in EKG
Novo Nordisk A/S NVO2 of 810.4%11.9% in OZEM
Pfizer Inc PFE2 of 87.1%8.4% in OZEM
GUARDANT HEALTH INC GH2 of 86.5%9.1% in HELX
IQVIA HOLDINGS INC IQV2 of 85.7%7.7% in EKG
GILEAD SCIENCES GILD2 of 85.7%5.7% in THNR
Amgen Inc AMGN2 of 85.5%6.2% in THNR
ABBVIE ABBV2 of 85.4%5.8% in THNR
Chugai Pharmaceutical Co Ltd 4519 JP2 of 85.3%5.4% in THNR
AstraZeneca PLC AZN2 of 84.9%5.7% in THNR
Roche Holding AG ROP SW2 of 84.9%6.0% in THNR
MODERNA MRNA2 of 84.5%4.9% in BMED
TWIST BIOSCIENCE CORP TWST2 of 84.4%6.0% in WDNA
VERTEX PHARMACEUTICALS INC VRTX2 of 83.0%3.2% in BMED

Healthcare innovation and GLP-1 ETFs, the companies their ten largest holdings name. The 15 most widely held of 61. Source: each fund's latest SEC filing or its issuer’s own daily holdings file, read by ETFIQ.

How this is counted

Each row counts the ten largest holdings of each fund, so a fund missing from a row may still hold that company lower down. Weights are of the funds that name it, not of the theme.

Share already in the S&P 500
OZEM
30.1%
HELX
14.9%
HEAL
28.8%
BMED
57.7%
EKG
40.5%
THNR
45.1%
WDNA
25.9%
LGHT
57.9%

Share of each fund's weight in S&P 500 companies. Above half, the fund is mostly the S&P 500.

One year total return, the 8 with a full year
OZEM
+6.8%not measured
HELX
+28.9%not measured
HEAL
−6.4%not measured
BMED
+24.8%not measured
EKG
+31.1%not measured
THNR
+8.1%not measured
WDNA
+44.5%not measured
LGHT
+4.3%not measured

Dark line: the S&P 500 over the same days, +13.5%. Last column: the gap to each fund's own benchmark, in points.

The 8 largest healthcare innovation ETFs

ETFIQ covers 8 healthcare innovation ETFs. The largest are OZEM ($54m), HELX ($35m) and HEAL ($31m); fees run 0.45% to 0.85%, as of .

  1. 1OZEM$54m0.59%Roundhill GLP-1 & Weight Loss ETF
  2. 2HELX$35m0.50%Franklin Genomic Advancements ETF
  3. 3HEAL$31m0.50%Global X HealthTech ETF
  4. 4BMED$14m0.55%iShares Health Innovation Active ETF
  5. 5EKG$9.6m0.65%First Trust Nasdaq Lux Digital Health Solutions ETF
  6. 6THNR$5.7m0.59%Amplify Weight Loss Drug & Treatment ETF
  7. 7WDNA$2.7m0.45%WisdomTree BioRevolution Fund
  8. 8LGHT$2.5m0.85%Langar Global HealthTech ETF

Every healthcare innovation ETF, largest first

Click a column to sort
Net assets
Healthcare innovation ETFs
TickerFundIssuerNet assets ↓In the S&P 500Active shareTotal return 1Yvs its benchmark 1YFee
OZEMRoundhill GLP-1 & Weight Loss ETFRoundhill$54m30.1%97.8%+6.8%not measured0.59%
HELXFranklin Genomic Advancements ETFFranklin$35m14.9%97.2%+28.9%not measured0.50%
HEALGlobal X HealthTech ETFGlobal X$31m28.8%99.5%−6.4%not measured0.50%
BMEDiShares Health Innovation Active ETFiShares$14m57.7%95.6%+24.8%not measured0.55%
EKGFirst Trust Nasdaq Lux Digital Health Solutions ETFFirst Trust$9.6m40.5%99.6%+31.1%not measured0.65%
THNRAmplify Weight Loss Drug & Treatment ETFAmplify$5.7m45.1%96.5%+8.1%not measured0.59%
WDNAWisdomTree BioRevolution FundWisdomTree$2.7m25.9%95.3%+44.5%not measured0.45%
LGHTLangar Global HealthTech ETFLangar$2.5m57.9%99.5%+4.3%not measured0.85%
Healthcare innovation ETFs, as of Oct 27, 2026. Source: ETFIQ.OZEMHELXHEALBMEDEKGTHNRWDNALGHT

How much of each pair is the same fund

The closest pair is OZEM and THNR, which hold 68% of their weight in the same companies. The furthest apart is LGHT and THNR at 0%. The middle pair of the 28 is 8%.

OZEMHELXHEALBMEDEKGTHNRWDNALGHTOZEM
6%
0%
7%
0%
68%
13%
0%
HELX
6%
3%
13%
22%
7%
34%
2%
HEAL
0%
3%
7%
42%
0%
2%
29%
BMED
7%
13%
7%
10%
18%
23%
9%
EKG
0%
22%
42%
10%
0%
10%
25%
THNR
68%
7%
0%
18%
0%
16%
0%
WDNA
13%
34%
2%
23%
10%
16%
5%
LGHT
0%
2%
29%
9%
25%
0%
5%

Healthcare innovation ETFs, the share of each pair’s weight held in the same companies. Read across or down; the number is the same either way. Cells are shaded against the closest pair here, 68%. Source: each fund’s own filed or daily holdings, read by ETFIQ.

How to read the grid

Weight overlap adds the smaller of the two weights for every company both funds hold. Funds with a cut-short book are left out, not compared short.

What each fund holds alone

FundLargest holding only it hasWeightAll its own names
OZEMAscletis Pharma Inc 1672 HK3.0%
11.9%
HELXLIGAND PHARMACEUTICALS INC LGND4.6%
18.9%
HEALGE HEALTHCARE TECHNOLOGIES INC.4.2%
26.7%
BMEDMETTLER TOLEDO MTD3.6%
23.5%
EKGGlobus Medical, Inc. (Class A) GMED3.4%
8.9%
THNRInvesco Government & Agency Portfolio 12/31/2031 AGPXX0.3%
0.3%
WDNAIMMUNOME INC IMNM2.3%
30.6%
LGHTIntuitive Surgical I9.9%
29.6%

Healthcare innovation ETFs, the largest holding no other fund in the grid holds. Source: ETFIQ.

Questions people ask

How many healthcare innovation ETFs are there?
ETFIQ covers 8 US listed healthcare innovation ETFs as of Oct 27, 2026. That is every one it can measure from the fund’s own published holdings.
What is the largest healthcare innovation ETF?
OZEM, Roundhill GLP-1 & Weight Loss ETF, at $54m in net assets as of Oct 27, 2026, the largest of the 8 healthcare innovation ETFs with a published size.
What is the cheapest healthcare innovation ETF?
WDNA, WisdomTree BioRevolution Fund, at 0.45% a year by its prospectus filed Oct 28, 2025, the lowest fee of the 8 healthcare innovation ETFs that publish one.
Which healthcare innovation ETF has performed best over the past year?
WDNA, WisdomTree BioRevolution Fund, at +44.5% total return over the year to Oct 27, 2026, the highest of the 8 healthcare innovation ETFs with a full year of trading behind them. Past returns do not predict future ones.
What do healthcare innovation ETFs hold?
Funds that hold the companies changing how healthcare is delivered, including the makers of the GLP-1 weight loss drugs and digital health businesses. Between them the 8 healthcare innovation ETFs ETFIQ can read name 61 companies in their ten largest holdings, by holdings dated May 31, 2026 to Oct 27, 2026, most widely Eli Lilly & Co, which is among the ten largest of 4 of them.
Do healthcare innovation ETFs hold the same companies?
It depends which two. Across the 28 pairs of the 8 healthcare innovation ETFs with a full published book, by holdings dated May 31, 2026 to Oct 27, 2026, OZEM and THNR hold 68% of their weight in the same companies, LGHT and THNR hold 0%, and the middle pair holds 8%. Two funds sold on one theme are not the same fund.

What the issuers say about this theme

About these links

The issuers behind these healthcare innovation funds publish their own work on this theme. These are their pages and words, not ETFIQ’s. A fund company writing about a theme it sells is making a case.

Issuer material on this theme. Links leave ETFIQ. Source: each issuer’s own site.

Where to next
Sources and dates
Fund holdings from SEC Form N-PORT and from the issuers’ own daily filessec.gov ↗
SEC EDGAR, full-text search of fund filingsefts.sec.gov ↗
SEC Form N-PORT, what a fund filed it holdssec.gov ↗
Rule 19a-1, what a distribution notice must sayecfr.gov ↗

Links are sources, not endorsements. Standards and sources →

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Healthcare innovation and GLP-1 ETFs, one-year total return to Oct 27, 2026: WDNA +44.5%, EKG +31.1%, HELX +28.9%, BMED +24.8%, THNR +8.1%, OZEM +6.8%, LGHT +4.3%, HEAL −6.4%.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/themes/health-innovation"><img src="https://etfiq.com/assistant/api/embed/theme/health-innovation.svg" alt="Healthcare innovation and GLP-1 ETFs, one-year total return to Oct 27, 2026: WDNA +44.5%, EKG +31.1%, HELX +28.9%, BMED +24.8%, THNR +8.1%, OZEM +6.8%, LGHT +4.3%, HEAL −6.4%." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">Healthcare innovation and GLP-1 ETFs, one-year total return to Oct 27, 2026: WDNA +44.5%, EKG +31.1%, HELX +28.9%, BMED +24.8%, THNR +8.1%, OZEM +6.8%, LGHT +4.3%, HEAL −6.4%. Data: <a href="https://etfiq.com/themes/health-innovation">ETFIQ</a></figcaption>
</figure>

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ETFIQ, Healthcare innovation ETFs, data as of Oct 27, 2026. https://etfiq.com/themes/health-innovation

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