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FRWDvsTOPTETF Comparison

ETF 1
FRWD

Nomura Transformational Technologies ETF

This fund is part of
Disruptive Technology
+1.18%
VS
ETF 2
TOPT

iShares Top 20 U.S. Stocks ETF

This fund is part of
US Large Cap
+0.89%

Nomura Transformational Technologies ETF (FRWD) belongs to the Disruptive Technology segment. iShares Top 20 U.S. Stocks ETF (TOPT) is part of the US Large Cap 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 0.2% for TOPT. Run a side-by-side ETF comparison of FRWD and TOPT 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 TOPT performance and flow charts

Performance

-10-5051015%Mar 23Mar 30Apr 7Apr 14Apr 21

Cumulative Flows

0 M20 M40 M60 M80 MMar 23Mar 30Apr 7Apr 14Apr 21

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

Historic performance and flows
Data as of 04/22/2026
1M3MYTD1Y3Y5Y
Perf.
FRWD
TOPT
+17.25%+10.81%
+9.83%+3.17%
n/a+1.85%
n/a+35.48%
n/an/a
n/an/a
Flows
FRWD
TOPT
+$78M+$39M
+$117M+$84M
-+$94M
-+$287M
--
--
Volatility and drawdown
3M1Y3Y5Y
Volatility
FRWD
TOPT
+30.63%+17.63%
n/a+14.57%
n/an/a
n/an/a
Max drawdown
FRWD
TOPT
-18.41%-10.76%
n/a-12.98%
n/an/a
n/an/a
Max drawdown duration
FRWD
TOPT
76d77d
n/a176d
n/an/a
n/an/a
Trading data

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FRWD
TOPT
Last sale
4/24/2026 at 1:30 PM
$28.14
$31.79
Previous close
04/23/2026
$27.34
$31.47
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
TOPT
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 4/24/2026 at 1:30 PM
Live
Closed
FRWD
TOPT
Last price
$28.14
$31.79
1D performance
+2.92%
+1.02%
AuM$141.45 M$574.07 M
E/R0.65%0.2%
Characteristics
FRWD
TOPT
Management strategyActivePassive
ProviderNomuraiShares
Benchmark-S&P 500 Top 20 Select Index
N° of holdings2021
Asset class--
Trailing 12m distribution yield
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Inception dateJanuary 12, 2026October 23, 2024
ESGNoNo
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Exposure

Countries

FRWD
USA
77.04%
Ireland
7.61%
Other
15.35%
TOPT
USA
99.99%
Other
0.01%

Sectors

FRWD
Information Techn.
48.14%
Communication Ser.
17.01%
Consumer Discreti.
7.84%
Other
27.01%
TOPT
Information Techn.
47.06%
Communication Ser.
17.62%
Consumer Discreti.
8.92%
Health Care
8.82%
Financials
8.66%
Other
8.91%
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Diversification

FRWD

Total weight of top 15 holdings out of 15

76.61%
TOPT

Total weight of top 15 holdings out of 15

86.78%

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%
TOPT
NVIDIA
16.01%
APPLE
14.08%
ALPHABET INC-CL
6.33%
MICROSOFT-T
5.98%
ALPHABET INC-CL
5.07%
AMAZON.COM INC
4.62%
BERKSHIRE HATHWAY
4.55%
TESLA
4.30%
BROADCOM LIMITED
4.28%
META PLATFORMS
4.12%
JPMORGAN CHASE
4.11%
LILLY
3.78%
EXXON
3.68%
JOHNSON&JOHNSON
3.05%
WALMART INC
2.82%
Frequently asked questions about FRWD and TOPT

Which ETF is bigger: FRWD or TOPT?

As of April 22, 2026, FRWD holds $141.45 M in assets under management (AUM), while TOPT manages $574.07 M.

What sectors do the FRWD and TOPT ETFs invest in?

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

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

FRWD top holdings include NVIDIA, SEAGATE TECHNOLOGY HOLDINGS PLC and META PLATFORMS. TOPT holds in its top three: NVIDIA, APPLE and ALPHABET INC-CL.

Which ETF is more diversified: FRWD or TOPT?

FRWD holds 23 securities with 76.61% of its assets in the top 15. TOPT has 22 securities and a top 15 weight of 86.78%.

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