# Innovation ETFs: 30 funds, largest first

> ETFIQ covers 30 innovation ETFs. The largest are ARKK ($6.2bn), XT ($4.0bn) and QQQJ ($1.2bn); fees run 0.15% to 0.79%, as of Oct 26, 2026.

Data as of Oct 27, 2026. Rebuilt every trading night.

Data as of Oct 27, 2026 .

## Innovation ETFs: what each one holds

See every innovation ETF by what it holds, not by its name. Funds that hold whatever their manager thinks is changing fastest, across several themes at once rather than one. 30 funds, largest first. Updated Oct 27, 2026. The typical fund carries 50% of its weight in S&P 500 stocks, the 10th most of the 53 themes with holdings on file.

30 US listed innovation ETFs

$6.2bn The largest, ARKK

0.15% The cheapest, QQQJ

+36.8% Best one year, HTEC

### The short answers

Least like the S&P 500 LFSC , F/m Emerald Life Sciences Innovation ETF, 0.0% of its weight in S&P 500 companies. Closest pair FRWD and ILDR , 33% of their weight in the same companies.

### What these funds actually own

Between them the 29 funds' ten largest holdings name 226 companies, of which 38 appear in more than one. NVIDIA CORP is among the ten largest of 6 of them, at an average of 6.1% of the fund.

| Company | Among the ten largest of | Average weight where it is | Largest, and in which fund |
| --- | --- | --- | --- |
| NVIDIA CORP NVDA | 6 of 29 | 6.1% | 10.4% in AOTG |
| Alphabet Inc. (Class A) GOOGL | 5 of 29 | 5.4% | 9.7% in XDAT |
| MICROSOFT MSFT | 5 of 29 | 3.9% | 5.0% in CARZ |
| AMAZON.COM INC AMZN | 4 of 29 | 6.0% | 11.0% in BUYZ |
| Advanced Micro Devices, Inc. AMD | 3 of 29 | 8.4% | 15.4% in AOTG |
| ELI LILLY LLY | 3 of 29 | 7.0% | 13.3% in GDOC |
| TESLA INC TSLA | 3 of 29 | 6.8% | 11.0% in ARKK |
| NVIDIA CORP | 3 of 29 | 5.8% | 7.2% in TNXT |
| Micron Technology, Inc. MU | 3 of 29 | 5.5% | 9.5% in AOTG |
| AppLovin Corp APP | 3 of 29 | 5.2% | 5.3% in BUYZ |
| SHOPIFY INC - CLASS A SHOP | 3 of 29 | 4.7% | 8.4% in BUYZ |
| AMAZON.COM INC | 3 of 29 | 4.1% | 5.4% in FDCF |
| CROWDSTRIKE HOLDINGS CLASS A CRWD | 3 of 29 | 3.1% | 4.3% in XDAT |
| TAIWAN SEMICONDUCTOR MFG CO LTD | 2 of 29 | 8.4% | 10.8% in FDCF |
| MICRON TECHNOLOGY INC | 2 of 29 | 6.8% | 9.4% in FDTX |

The 15 most widely held of 226. 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.

### The 10 largest innovation ETFs

ETFIQ covers 30 innovation ETFs. The largest are ARKK ( $6.2bn ), XT ( $4.0bn ) and QQQJ ( $1.2bn ); fees run 0.15% to 0.79% , as of Oct 26, 2026 .

- ARKK ARK Innovation ETF $6.2bn 0.75%

- XT iShares Future Exponential Technologies ETF $4.0bn 0.46%

- QQQJ Invesco NASDAQ Next Gen 100 ETF $1.2bn 0.15%

- ILDR First Trust Innovation Leaders ETF $342m 0.75%

- FDTX Fidelity Disruptive Technology ETF $311m 0.50%

- FRWD Nomura Transformational Technologies ETF $285m 0.65%

- TMAT Main Thematic Innovation ETF $237m 0.79%

- GTEK Goldman Sachs Future Tech Leaders Equity ETF $220m 0.75%

- FITE State Street SPDR S&P Kensho Future Security ETF $158m 0.45%

- LFSC F/m Emerald Life Sciences Innovation ETF $105m 0.54%

| Ticker | Fund | Issuer | Net assets | In the S&P 500 | Active share | Total return 1Y | vs its benchmark 1Y | Fee |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ARKK | ARK Innovation ETF | ARK | $6.2bn | 36.7% | 85.1% | −6.1% | −19.7 pts vs VOO | 0.75% |
| XT | iShares Future Exponential Technologies ETF | iShares | $4.0bn | 65.4% | 69.2% | +21.9% | +8.8 pts vs ACWI | 0.46% |
| QQQJ | Invesco NASDAQ Next Gen 100 ETF | Invesco | $1.2bn | 46.6% | 98.6% | +22.8% | +9.7 pts vs IWV | 0.15% |
| ILDR | First Trust Innovation Leaders ETF | First Trust | $342m | 66.2% | 66.9% | +11.0% | −2.1 pts vs IWV | 0.75% |
| FDTX | Fidelity Disruptive Technology ETF | Fidelity | $311m | 70.8% | 75.5% | +29.0% | not measured | 0.50% |
| FRWD | Nomura Transformational Technologies ETF | Nomura | $285m | 69.9% | 74.4% | first traded 287 days ago | · | 0.65% |
| TMAT | Main Thematic Innovation ETF | Main | $237m | 50.3% | 91.6% | +0.9% | −12.2 pts vs ACWI | 0.79% |
| GTEK | Goldman Sachs Future Tech Leaders Equity ETF | Goldman Sachs | $220m | 33.1% | 96.4% | +31.2% | +18.1 pts vs ACWI | 0.75% |
| FITE | State Street SPDR S&P Kensho Future Security ETF | State Street | $158m | 27.2% | 95.3% | +27.8% | +14.2 pts vs VOO | 0.45% |
| LFSC | F/m Emerald Life Sciences Innovation ETF | F/m | $105m | 0.0% | 100.0% | +35.8% | +22.7 pts vs IWV | 0.54% |
| AOTG | AOT Growth and Innovation ETF | AOT Invest | $105m | 77.2% | 69.1% | +7.8% | −5.1 pts vs GUSA | 0.75% |
| FDCF | Fidelity Disruptive Communications ETF | Fidelity | $103m | 56.0% | 79.8% | +0.8% | not measured | 0.50% |
| DTEC | ALPS Disruptive Technologies ETF | ALPS | $74m | 39.3% | 93.4% | −0.5% | not measured | 0.50% |
| HTEC | ROBO Global Healthcare Technology and Innovation ETF | ROBO Global | $69m | 32.7% | 97.9% | +36.8% | not measured | 0.68% |
| TEKY | Lazard Next Gen Technologies ETF | Lazard | $61m | 50.9% | 77.7% | +7.5% | −5.6 pts vs URTH | 0.50% |
| THMZ | Lazard Equity Megatrends ETF | Lazard | $54m | 53.9% | 73.5% | +3.1% | −10.0 pts vs ACWI | 0.50% |
| LENS | Sarmaya Thematic ETF | Sarmaya | $53m | 21.2% | 97.9% | +31.3% | +18.0 pts vs GXLC | 0.79% |
| FMED | Fidelity Disruptive Medicine ETF | Fidelity | $52m | 25.3% | 97.1% | +21.5% | not measured | 0.50% |
| CARZ | First Trust S-Network Future Vehicles & Technology ETF | First Trust | $44m | 51.9% | 74.3% | +29.7% | +16.6 pts vs ACWI | 0.70% |
| FDFF | Fidelity Disruptive Finance ETF | Fidelity | $43m | 44.6% | 97.5% | −1.9% | not measured | 0.50% |
| GDOC | Goldman Sachs Future Health Care Equity ETF | Goldman Sachs | $20m | 55.8% | 95.4% | +9.7% | not measured | 0.75% |
| TNXT | T. Rowe Price Innovation Leaders ETF | T. Rowe Price | $19m | 64.2% | 51.6% | first traded 271 days ago | · | 0.49% |
| DTRE | First Trust Alerian Disruptive Technology Real Estate ETF | First Trust | $14m | 41.0% | 99.4% | +3.6% | not measured | 0.60% |
| INVN | Alger Russell Innovation ETF | Alger | $9.6m | 32.5% | 98.5% | +29.0% | not measured | 0.55% |
| BULD | Pacer BlueStar Engineering the Future ETF | Pacer | $8.8m | 36.4% | 97.3% | +24.2% | not measured | 0.49% |
| GXDW | Global X Dorsey Wright Thematic ETF | Global X | $6.0m | 0.0% | 100.0% | −10.8% | not measured | 0.50% |
| BUYZ | Franklin Disruptive Commerce ETF | Franklin | $5.3m | 61.5% | 86.3% | −18.6% | −31.7 pts vs IWV | 0.50% |
| XDAT | Franklin Exponential Data ETF | Franklin | $4.1m | 60.4% | 86.2% | −4.2% | −17.3 pts vs IWV | 0.50% |
| ABOT | Abacus FCF Innovation Leaders ETF | Abacus FCF | $4.0m | 64.4% | 83.7% | +14.2% | not measured | 0.39% |
| ARIA | ARIA Opportunities ETF | ARIA | not read by ETFIQ | not yet filed | not yet filed | first traded 78 days ago | · | 0.78% |

### How much of each pair is the same fund

The closest pair is FRWD and ILDR , which hold 33% of their weight in the same companies. The furthest apart is LFSC and XT at 0%. The middle pair of the 45 is 8%. The grid is the 10 largest of 30 funds.

| | ARKK | XT | QQQJ | ILDR | FDTX | FRWD | TMAT | GTEK | FITE | LFSC |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ARKK | · | 17% | 3% | 20% | 18% | 13% | 6% | 3% | 4% | 1% |
| XT | 17% | · | 3% | 29% | 24% | 17% | 16% | 6% | 11% | 0% |
| QQQJ | 3% | 3% | · | 5% | 1% | 0% | 7% | 3% | 8% | 3% |
| ILDR | 20% | 29% | 5% | · | 29% | 33% | 14% | 9% | 8% | 2% |
| FDTX | 18% | 24% | 1% | 29% | · | 29% | 17% | 15% | 8% | 0% |
| FRWD | 13% | 17% | 0% | 33% | 29% | · | 11% | 7% | 1% | 0% |
| TMAT | 6% | 16% | 7% | 14% | 17% | 11% | · | 10% | 18% | 1% |
| GTEK | 3% | 6% | 3% | 9% | 15% | 7% | 10% | · | 9% | 0% |
| FITE | 4% | 11% | 8% | 8% | 8% | 1% | 18% | 9% | · | 0% |
| LFSC | 1% | 0% | 3% | 2% | 0% | 0% | 1% | 0% | 0% | · |

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

| Fund | Largest holding it alone has | Weight | All of its own names |
| --- | --- | --- | --- |
| ARKK | CIRCLE INTERNET GROUP INC CRCL | 4.9% | 30.9% |
| XT | TEXAS INSTRUMENT TXN | 4.5% | 42.7% |
| QQQJ | NetApp Inc NTAP | 2.2% | 63.3% |
| ILDR | Siemens Energy AG ENR.GR | 1.5% | 16.9% |
| FDTX | TWILIO INC | 2.5% | 14.1% |
| FRWD | Lam Research Corp. | 6.6% | 24.9% |
| TMAT | CLEAR SECURE INC | 2.4% | 38.2% |
| GTEK | JENTECH PRECISION INDUSTRIAL CO LTD 3653 | 3.5% | 47.0% |
| FITE | RAPID7 INC RPD | 3.2% | 55.4% |
| LFSC | Travere Therapeutics Inc TVTX | 7.7% | 78.9% |

### Questions people ask

How many innovation ETFs are there? ETFIQ covers 30 US listed 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 innovation ETF? ARKK , ARK Innovation ETF, at $6.2bn in net assets as of Oct 26, 2026, the largest of the 29 innovation ETFs with a published size. What is the cheapest innovation ETF? QQQJ , Invesco NASDAQ Next Gen 100 ETF, at 0.15% a year by its prospectus filed Dec 18, 2025, the lowest fee of the 30 innovation ETFs that publish one. Which innovation ETF has performed best over the past year? HTEC , ROBO Global Healthcare Technology and Innovation ETF, at +36.8% total return over the year to Oct 27, 2026, the highest of the 27 innovation ETFs with a full year of trading behind them. Past returns do not predict future ones. What do innovation ETFs hold? Funds that hold whatever their manager thinks is changing fastest, across several themes at once rather than one. Between them the 29 innovation ETFs ETFIQ can read name 226 companies in their ten largest holdings, by holdings dated May 29, 2026 to Oct 26, 2026, most widely NVIDIA CORP, which is among the ten largest of 6 of them. Do innovation ETFs hold the same companies? It depends which two. Across the 45 pairs of the 10 innovation ETFs with a full published book, by holdings dated May 31, 2026 to Oct 26, 2026, FRWD and ILDR hold 33% of their weight in the same companies, LFSC and XT 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

The issuers behind these 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 | What they publish | Kind |
| --- | --- | --- |
| ARK | ARK Invest articles | Their research index |
| iShares | iShares Portfolio Insights | Their research index |
| Invesco | Invesco insights | Their research index |
| First Trust | First Trust Investment Insights | Their research index |
| Global X | Global X Insights, including The Next Big Theme | Their research index |

### Where to next

### Sources

Links are sources, not endorsements.

ETFIQ is an independent publisher and makes no recommendations. Standards and sources

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, Innovation ETFs: what each one holds, data as of Oct 27, 2026. https://etfiq.com/themes/innovation
Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
HTML: https://etfiq.com/themes/innovation