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CZARvsIQSZETF Comparison

ETF 1
CZAR

Themes Natural Monopoly ETF

This fund is part of
DM Large & Mid Cap
-0.67%
VS
ETF 2
IQSZ

Invesco Global Equity Net Zero ETF

Themes Natural Monopoly ETF (CZAR) belongs to the DM Large & Mid Cap segment. Invesco Global Equity Net Zero ETF (IQSZ) is part of the segment. CZAR's top 3 sector exposures are Industrials, Information Technology and Financials. In contrast, IQSZ's top sector exposures are Information Technology, Financials and Industrials. CZAR is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.19% for IQSZ. CZAR is down -4.27% year-to-date (YTD) with - in YTD flows. IQSZ performs better with 0.08% YTD performance, and +$1M in YTD flows. Run a side-by-side ETF comparison of CZAR and IQSZ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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CZAR vs IQSZ performance and flow charts

Performance

-8.0-6.0-4.0-2.00.0%Mar 2Mar 9Mar 16Mar 23Mar 30

Cumulative Flows

Mar 2Mar 9Mar 16Mar 23Mar 30

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Historic performance and flows
Data as of 04/02/2026
1M3MYTD1Y3Y5Y
Perf.
CZAR
IQSZ
-4.85%-4.54%
-3.84%-0.74%
-4.27%+0.08%
+4.92%n/a
n/an/a
n/an/a
Flows
CZAR
IQSZ
--
-+$1M
-+$1M
+$6K-
--
--
Volatility and drawdown
3M1Y3Y5Y
Volatility
CZAR
IQSZ
+12.08%+15.71%
+12.19%n/a
n/an/a
n/an/a
Max drawdown
CZAR
IQSZ
-8.27%-9.39%
-9.49%n/a
n/an/a
n/an/a
Max drawdown duration
CZAR
IQSZ
52d36d
27dn/a
n/an/a
n/an/a
Trading data

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CZAR
IQSZ
Last sale
4/2/2026 at 1:30 PM
$30.65
$27.93
Previous close
04/02/2026
$30.61
$28.01
Consolidated volume
04/02/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of March 31, 2026
1-year trailing difference

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IQSZ
is actively managed and doesn’t replicate an index

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CZAR
IQSZ
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 4/2/2026 at 1:30 PM
Live
Closed
CZAR
IQSZ
Last price
$30.65
$27.93
1D performance
+0.13%
-0.29%
AuM$1.53 M$151.29 M
E/R0.35%0.19%
Characteristics
CZAR
IQSZ
Management strategyPassiveActive
ProviderThemes Management CompanyInvesco
BenchmarkSolactive Natural Monopoly Index-
N° of holdings90461
Asset classEquities-
Trailing 12m distribution yield
Join
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Inception dateDecember 13, 2023July 16, 2025
ESGNoYes
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Exposure

Countries

CZAR
USA
60.57%
United Kingdom
9.56%
Other
29.87%
IQSZ
USA
60.05%
Other
39.95%

Sectors

CZAR
Industrials
26.93%
Information Techn.
26.28%
Financials
7.65%
Health Care
7.56%
Other
31.58%
IQSZ
Information Techn.
26.31%
Financials
16.57%
Industrials
12.32%
Consumer Discreti.
10.26%
Communication Ser.
7.98%
Health Care
7.88%
Other
18.69%
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Diversification

CZAR

Total weight of top 15 holdings out of 15

51.73%
IQSZ

Total weight of top 15 holdings out of 15

26.95%

Top 15 holdings

Data as of February 28, 2026
CZAR
BAE SYSTEMS
5.03%
HONEYWELL INTL
4.98%
FORTIVE CORP
4.17%
CISCO-T
4.05%
ASX
3.89%
BROADCOM LIMITED
3.76%
US09290D1019
3.71%
RAYMOND JAMES
3.50%
MASTERCARD
3.23%
VISA INCORPORATION
3.18%
PAYCHEX
2.67%
AUTODESK
2.55%
ACCENTURE PLC-A
2.50%
SAGE GROUP
2.49%
JOHNSON&JOHNSON
2.02%
IQSZ
NVIDIA
4.67%
APPLE
4.26%
MICROSOFT-T
3.05%
AMAZON.COM INC
2.14%
TWN SEMICONT MAN
1.84%
ALPHABET INC-CL
1.83%
ALPHABET INC-CL
1.63%
META PLATFORMS
1.50%
TESLA
1.08%
JOHNSON&JOHNSON
0.92%
JPMORGAN CHASE
0.88%
SAMSUNG ELECTR
0.85%
LILLY
0.80%
EXXON
0.79%
ASML HOLDING
0.72%
Frequently asked questions about CZAR and IQSZ

How have the CZAR and IQSZ ETFs performed in 2026?

As of April 2, 2026, CZAR is down -4.27% year-to-date (YTD), while IQSZ has returned 0.08%. That puts IQSZ better performer ahead so far this year.

Which ETF is attracting more investor money: CZAR or IQSZ?

Year-to-date, the CZAR ETF saw - in flows, compared to +$1M for IQSZ.

Which ETF is bigger: CZAR or IQSZ?

As of April 2, 2026, CZAR holds $1.53 M in assets under management (AUM), while IQSZ manages $151.29 M.

What sectors do the CZAR and IQSZ ETFs invest in?

CZAR leans toward sectors like Industrials, Information Technology and Financials. Meanwhile, IQSZ focuses on Information Technology, Financials and Industrials.

What are the top holdings of the CZAR ETF and IQSZ ETF?

CZAR top holdings include BAE SYSTEMS, HONEYWELL INTL and FORTIVE CORP. IQSZ holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: CZAR or IQSZ?

CZAR holds 95 securities with 51.73% of its assets in the top 15. IQSZ has 484 securities and a top 15 weight of 26.95%.

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