FRWD vs GQI
Comparison between NOMURA TRANSFORMATIONAL TECHNOLOGIES ETF (FRWD, ETF) and Natixis Gateway Quality Income ETF (GQI, ETF).
FRWD vs GQI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
FRWD
$268M
GQI
$267M
Expense Ratio
FRWD
0.65%
Winner
GQI
0.34%
Max Drawdown
FRWD
18.49%
Winner
GQI
18.02%
Sharpe Ratio
FRWD
1.30
Winner
GQI
1.65
5Y Beta
FRWD
2.04
Winner
GQI
0.77
P/E Ratio
FRWD
37.94
Winner
GQI
25.64
Forward P/E
FRWD
25.01
Winner
GQI
20.72
PEG Ratio
FRWD
0.18
GQI
N/A
5Y EPS CAGR
Winner
FRWD
37.03%
GQI
29.25%
Debt to Equity
FRWD
N/A
GQI
82.99%
P/S Ratio
FRWD
4.40
Winner
GQI
1.97
P/B Ratio
FRWD
13.00
Winner
GQI
7.98
FRWD vs GQI - Holdings Comparison
FRWD and GQI have 14 common holdings. Overlap is 24.15%
FRWD's top 25 holdings weight is 97.61%. GQI's top 25 holdings weight is 62.53%.
| Rank | FRWD | GQI |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 8.79% | NVIDIA CORP (NVDA) - 7.48% |
| #2 | ADVANCED MICRO DEVICES INC (AMD) - 7.44% | APPLE INC (AAPL) - 7.24% |
| #3 | SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 7.27% | ALPHABET INC CLASS A (GOOGL) - 5.84% |
| #4 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR (TSM) - 5.75% | MICROSOFT CORP (MSFT) - 3.66% |
| #5 | LAM RESEARCH CORP (LRCX) - 5.23% | AMAZON.COM INC (AMZN) - 3.28% |
| #6 | BROADCOM INC (AVGO) - 4.77% | BNP PARIBAS ISSUANCE B.V. SPX 08/04/26 (n/a) - 2.59% |
| #7 | WESTERN DIGITAL CORP (WDC) - 4.69% | ROYAL BANK OF CANADA 0% (n/a) - 2.57% |
| #8 | ASML HOLDING NV ADR (ASML) - 4.68% | MASTERCARD INC CLASS A (MA) - 2.53% |
| #9 | MICRON TECHNOLOGY INC (MU) - 4.09% | META PLATFORMS INC CLASS A (META) - 2.42% |
| #10 | TEXAS INSTRUMENTS INC (TXN) - 3.79% | GS FIN PFD 0% (n/a) - 2.34% |
| #11 | NETFLIX INC (NFLX) - 3.69% | BROADCOM INC (AVGO) - 2.09% |
| #12 | SAMSUNG ELECTRONICS CO LTD (n/a) - 3.53% | VALERO ENERGY CORP (VLO) - 2.05% |
| #13 | ALPHABET INC CLASS A (GOOGL) - 3.14% | ELI LILLY AND CO (LLY) - 1.84% |
| #14 | MERCADOLIBRE INC (MELI) - 3.12% | UBS AG LONDON BRH PFD 0% (n/a) - 1.71% |
| #15 | DOORDASH INC ORDINARY SHARES CLASS A (DASH) - 3.11% | CENCORA INC (COR) - 1.65% |
| #16 | CELESTICA INC ORDINARY SHARES (SUBORDINATE VOTING) (CLS) - 2.98% | COSTCO WHOLESALE CORP (COST) - 1.64% |
| #17 | MICROSOFT CORP (MSFT) - 2.96% | MICRON TECHNOLOGY INC (MU) - 1.60% |
| #18 | AMAZON.COM INC (AMZN) - 2.92% | PROGRESSIVE CORP (PGR) - 1.41% |
| #19 | KRATOS DEFENSE & SECURITY SOLUTIONS INC (KTOS) - 2.84% | LAM RESEARCH CORP (LRCX) - 1.37% |
| #20 | BOOKING HOLDINGS INC (BKNG) - 2.70% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.28% |
| #21 | SPOTIFY TECHNOLOGY SA (SPOT) - 2.38% | IDEXX LABORATORIES INC (IDXX) - 1.27% |
| #22 | SPACE EXPLORATION TECHNOLOGIES CORP CLASS A (SPCX) - 2.18% | JPMORGAN CHASE & CO (JPM) - 1.27% |
| #23 | SHOPIFY INC REGISTERED SHS -A- SUBORD VTG (SHOP) - 2.00% | CINTAS CORP (CTAS) - 1.23% |
| #24 | CADENCE DESIGN SYSTEMS INC (CDNS) - 1.86% | CARDINAL HEALTH INC (CAH) - 1.10% |
| #25 | SERVICENOW INC (NOW) - 1.70% | TESLA INC (TSLA) - 1.07% |
| Total Holdings | 27 | 116 |
FRWD vs GQI - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FRWD
+1.86%
GQI
+1.67%
3M
FRWD
+4.74%
Winner
GQI
+4.89%
6M
Winner
FRWD
+31.37%
GQI
+9.30%
1Y
FRWD
N/A
GQI
+21.64%
Max(CAGR)
Winner
FRWD
+53.03%
GQI
+16.38%
FRWD vs GQI - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | FRWD | GQI |
|---|---|---|
| 2026 | +29.21% | +12.00% |
| 2025 | N/A | +15.50% |
| 2024 | N/A | +16.76% |
| 2023 | N/A | +0.68% |
FRWD vs GQI Drawdown Comparison
The maximum drawdown for FRWD was -18.49%, occurring on Mar 30, 2026. Recovery took 53 trading sessions.
The maximum drawdown for GQI was -16.55%, occurring on Apr 8, 2025. Recovery took 96 trading sessions.
The current FRWD drawdown is -6.61%. The current GQI drawdown is -0.58%.
| Rank | FRWD | GQI |
|---|---|---|
| #1 | -18.49% Jan 28, 2026 - Apr 15, 2026 | -16.55% Feb 19, 2025 - Jul 9, 2025 |
| #2 | -15.88% Jun 18, 2026 - Jul 29, 2026 | -7.64% Jul 16, 2024 - Sep 26, 2024 |
| #3 | -9.94% Jun 2, 2026 - Jun 15, 2026 | -6.96% Feb 9, 2026 - Apr 15, 2026 |
| #4 | -5.01% May 14, 2026 - May 22, 2026 | -5.15% Mar 21, 2024 - Jun 5, 2024 |
| #5 | -2.67% Apr 24, 2026 - May 1, 2026 | -3.16% Dec 11, 2024 - Jan 22, 2025 |
| #6 | -1.87% Jan 16, 2026 - Jan 22, 2026 | -3.12% Nov 11, 2025 - Nov 26, 2025 |
| #7 | -1.81% Jun 15, 2026 - Jun 18, 2026 | -2.82% Jun 4, 2026 - Jun 15, 2026 |
| #8 | -1.60% May 11, 2026 - May 14, 2026 | -2.40% Oct 8, 2025 - Oct 21, 2025 |
| #9 | -1.53% Jan 13, 2026 - Jan 16, 2026 | -2.22% Jun 15, 2026 - Jul 6, 2026 |
| #10 | -1.34% May 6, 2026 - May 8, 2026 | -2.21% Oct 14, 2024 - Nov 6, 2024 |
| #11 | -0.89% Apr 22, 2026 - Apr 24, 2026 | -2.02% Jul 16, 2026 - Aug 3, 2026 |
| #12 | -0.59% Apr 17, 2026 - Apr 22, 2026 | -1.84% Dec 11, 2025 - Dec 22, 2025 |
| #13 | -0.09% May 1, 2026 - May 5, 2026 | -1.81% Dec 26, 2023 - Jan 10, 2024 |
| #14 | N/A | -1.79% Jan 12, 2026 - Jan 27, 2026 |
| #15 | N/A | -1.77% Nov 13, 2024 - Nov 26, 2024 |
Correlation
Correlation between FRWD and GQI is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
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