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FRWDvsIVWETF Comparison

ETF 1

FRWD

Nomura Transformational Technologies ETF

This fund is part of

Disruptive Technology

+1.18%

Full FRWD fund page

VS

ETF 2

IVW

iShares S&P 500 Growth ETF

This fund is part of

US Large Cap Growth

+1.31%

Full IVW fund page

Nomura Transformational Technologies ETF (FRWD) belongs to the Disruptive Technology segment. iShares S&P 500 Growth ETF (IVW) is part of the US Large Cap Growth segment. Both ETFs have the same top 3 sector exposures: Information Technology, Communication Services and Consumer Discretionary. FRWD is more expensive with a Total Expense Ratio (TER) of 0.65%, versus 0.18% for IVW. Run a side-by-side ETF comparison of FRWD and IVW 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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FRWD vs IVW performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/22/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FRWD IVW	+17.25%+13.34%	+9.83%+4.49%	n/a+5.40%	n/a+40.41%	n/a+105.36%	n/a+91.35%
Flows	FRWD IVW	+$78M+$253M	+$117M+$642M	-+$154M	--$621M	-+$5.70B	-+$5.38B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FRWD IVW	+30.63%+21.58%	n/a+16.49%	n/a+19.07%	n/a+21.30%
Max drawdown	FRWD IVW	-18.41%-13.41%	n/a-13.73%	n/a-22.23%	n/a-32.78%
Max drawdown duration	FRWD IVW	76d76d	n/a167d	n/a124d	n/a794d

Trading data

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	FRWD	IVW
Last sale 4/24/2026 at 1:30 PM	$28.14	$129.76
Previous close 04/23/2026	$27.34	$127.78
Consolidated volume 04/23/2026
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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FRWD

is actively managed and doesn’t replicate an index

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	FRWD	IVW
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/24/2026 at 1:30 PM

Live

Closed

	FRWD	IVW
Last price	$28.14	$129.76
1D performance	+2.92%	+1.55%
AuM	$141.45 M	$70.26 B
E/R	0.65%	0.18%

Characteristics

	FRWD	IVW
Management strategy	Active	Passive
Provider	Nomura	iShares
Benchmark	-	S&P 500 Growth Index
N° of holdings	20	135
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	January 12, 2026	May 22, 2000
ESG	No	No

More FRWD data on Trackinsight

More IVW data on Trackinsight

Exposure

Countries

FRWD

USA

77.04%

Ireland

7.61%

Other

15.35%

IVW

USA

98.87%

Other

1.13%

Sectors

FRWD

Information Techn.

48.14%

Communication Ser.

17.01%

Consumer Discreti.

7.84%

Other

27.01%

IVW

Information Techn.

47.96%

Communication Ser.

16.4%

Consumer Discreti.

9.39%

Financials

7.89%

Other

18.36%

Diversification

FRWD

Total weight of top 15 holdings out of 15

76.61%

IVW

Total weight of top 15 holdings out of 15

67.58%

Top 15 holdings

Data as of March 31, 2026

FRWD

NVIDIA

9.22%

SEAGATE TECHNOLOGY HOLDINGS PLC

7.61%

META PLATFORMS

6.55%

ADVANCED MICRO DEVICES

6.39%

US8740391003

6.04%

US5128073062

5.47%

BROADCOM LIMITED

4.74%

USN070592100

4.67%

MICROSOFT-T

4.48%

AMAZON.COM INC

4.02%

TEXAS INSTRUMENTS

4.00%

NETFLIX

3.92%

ALPHABET INC-CL

3.60%

KRATOS DEFENSE AND SECURITY SOLS

2.96%

SPOTIFY TECHNOLOGY SA

2.94%

IVW

NVIDIA

14.62%

MICROSOFT-T

9.48%

APPLE

6.43%

ALPHABET INC-CL

5.78%

BROADCOM LIMITED

5.06%

ALPHABET INC-CL

4.63%

META PLATFORMS

4.32%

AMAZON.COM INC

3.72%

BERKSHIRE HATHWAY

3.03%

LILLY

2.51%

TESLA

2.24%

JPMORGAN CHASE

1.86%

NETFLIX

1.40%

MICRON TECHNOLOGY

1.31%

JOHNSON&JOHNSON

1.20%

Frequently asked questions about FRWD and IVW

Which ETF is bigger: FRWD or IVW?

As of April 22, 2026, FRWD holds $141.45 M in assets under management (AUM), while IVW manages $70.26 B.

What sectors do the FRWD and IVW ETFs invest in?

FRWD leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, IVW focuses on Information Technology, Communication Services and Consumer Discretionary.

What are the top holdings of the FRWD ETF and IVW ETF?

FRWD top holdings include NVIDIA, SEAGATE TECHNOLOGY HOLDINGS PLC and META PLATFORMS. IVW holds in its top three: NVIDIA, MICROSOFT-T and APPLE.

Which ETF is more diversified: FRWD or IVW?

FRWD holds 23 securities with 76.61% of its assets in the top 15. IVW has 144 securities and a top 15 weight of 67.58%.

How to become a growth investor using ETFs

June 28, 2022

IVW

FRWDvsIVWETF Comparison

Nomura Transformational Technologies ETF

iShares S&P 500 Growth ETF

FRWD vs IVW performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

Which ETF is bigger: FRWD or IVW?

As of April 22, 2026, FRWD holds $141.45 M in assets under management (AUM), while IVW manages $70.26 B.

What sectors do the FRWD and IVW ETFs invest in?

FRWD leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, IVW focuses on Information Technology, Communication Services and Consumer Discretionary.

What are the top holdings of the FRWD ETF and IVW ETF?

FRWD top holdings include NVIDIA, SEAGATE TECHNOLOGY HOLDINGS PLC and META PLATFORMS. IVW holds in its top three: NVIDIA, MICROSOFT-T and APPLE.

Which ETF is more diversified: FRWD or IVW?

FRWD holds 23 securities with 76.61% of its assets in the top 15. IVW has 144 securities and a top 15 weight of 67.58%.

How to become a growth investor using ETFs

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