FRWD vs IQSI
Comparison between NOMURA TRANSFORMATIONAL TECHNOLOGIES ETF (FRWD, ETF) and NYLI CANDRIAM INTERNATIONAL EQUITY ETF (IQSI, ETF).
FRWD vs IQSI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FRWD
$268M
Winner
IQSI
$268M
Expense Ratio
FRWD
0.65%
Winner
IQSI
0.15%
Max Drawdown
Winner
FRWD
18.49%
IQSI
32.52%
Sharpe Ratio
Winner
FRWD
1.30
IQSI
0.94
5Y Beta
FRWD
2.04
Winner
IQSI
0.74
P/E Ratio
FRWD
37.94
IQSI
N/A
Forward P/E
FRWD
25.01
IQSI
N/A
PEG Ratio
FRWD
0.18
IQSI
N/A
5Y Dividends CAGR
FRWD
N/A
IQSI
29.35%
5Y EPS CAGR
FRWD
37.03%
IQSI
N/A
P/S Ratio
FRWD
4.40
IQSI
N/A
P/B Ratio
FRWD
13.00
IQSI
N/A
FRWD vs IQSI - Holdings Comparison
FRWD and IQSI have 1 common holdings. Overlap is 0.00%
FRWD's top 25 holdings weight is 97.61%. IQSI's top 25 holdings weight is 31.57%.
| Rank | FRWD | IQSI |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 8.79% | ASML HOLDING NV (n/a) - 4.91% |
| #2 | ADVANCED MICRO DEVICES INC (AMD) - 7.44% | ROCHE HOLDING AG ORDINARY SHARES NEW (n/a) - 2.16% |
| #3 | SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 7.27% | NOVARTIS AG REGISTERED SHARES (n/a) - 1.93% |
| #4 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR (TSM) - 5.75% | NESTLE SA (n/a) - 1.79% |
| #5 | LAM RESEARCH CORP (LRCX) - 5.23% | ASTRAZENECA PLC (AZN:XLON) - 1.60% |
| #6 | BROADCOM INC (AVGO) - 4.77% | SIEMENS AG (n/a) - 1.56% |
| #7 | WESTERN DIGITAL CORP (WDC) - 4.69% | COMMONWEALTH BANK OF AUSTRALIA (n/a) - 1.40% |
| #8 | ASML HOLDING NV ADR (ASML) - 4.68% | TOYOTA MOTOR CORP (n/a) - 1.36% |
| #9 | MICRON TECHNOLOGY INC (MU) - 4.09% | SAP SE (n/a) - 1.34% |
| #10 | TEXAS INSTRUMENTS INC (TXN) - 3.79% | SCHNEIDER ELECTRIC SE (n/a) - 1.29% |
| #11 | NETFLIX INC (NFLX) - 3.69% | TOKYO ELECTRON LTD (n/a) - 1.19% |
| #12 | SAMSUNG ELECTRONICS CO LTD (n/a) - 3.53% | SUMITOMO MITSUI FINANCIAL GROUP INC (n/a) - 1.13% |
| #13 | ALPHABET INC CLASS A (GOOGL) - 3.14% | BANCO BILBAO VIZCAYA ARGENTARIA SA (n/a) - 1.11% |
| #14 | MERCADOLIBRE INC (MELI) - 3.12% | ABB LTD (n/a) - 1.08% |
| #15 | DOORDASH INC ORDINARY SHARES CLASS A (DASH) - 3.11% | IBERDROLA SA (n/a) - 1.05% |
| #16 | CELESTICA INC ORDINARY SHARES (SUBORDINATE VOTING) (CLS) - 2.98% | ADVANTEST CORP (n/a) - 1.03% |
| #17 | MICROSOFT CORP (MSFT) - 2.96% | RECRUIT HOLDINGS CO LTD (n/a) - 0.99% |
| #18 | AMAZON.COM INC (AMZN) - 2.92% | UNILEVER PLC (n/a) - 0.97% |
| #19 | KRATOS DEFENSE & SECURITY SOLUTIONS INC (KTOS) - 2.84% | HITACHI LTD (n/a) - 0.96% |
| #20 | BOOKING HOLDINGS INC (BKNG) - 2.70% | SONY GROUP CORP (n/a) - 0.93% |
| #21 | SPOTIFY TECHNOLOGY SA (SPOT) - 2.38% | RIO TINTO PLC ORDINARY SHARES (n/a) - 0.37% |
| #22 | SPACE EXPLORATION TECHNOLOGIES CORP CLASS A (SPCX) - 2.18% | HOYA CORP (n/a) - 0.36% |
| #23 | SHOPIFY INC REGISTERED SHS -A- SUBORD VTG (SHOP) - 2.00% | ARGENX SE ADR (ARGX) - 0.36% |
| #24 | CADENCE DESIGN SYSTEMS INC (CDNS) - 1.86% | LONZA GROUP LTD (n/a) - 0.35% |
| #25 | SERVICENOW INC (NOW) - 1.70% | DANONE SA (n/a) - 0.35% |
| Total Holdings | 27 | 558 |
FRWD vs IQSI - Historical Returns
Returns include dividend reinvestment.
1M
FRWD
+1.86%
Winner
IQSI
+3.58%
3M
FRWD
+4.74%
Winner
IQSI
+5.36%
6M
Winner
FRWD
+31.37%
IQSI
+4.22%
1Y
FRWD
N/A
IQSI
+20.02%
5Y(CAGR)
FRWD
N/A
IQSI
+8.73%
Max(CAGR)
Winner
FRWD
+53.03%
IQSI
+9.86%
FRWD vs IQSI - Annual Returns (2019 - 2026)
Returns include dividend reinvestment.
| Year | FRWD | IQSI |
|---|---|---|
| 2026 | +29.21% | +13.03% |
| 2025 | N/A | +27.41% |
| 2024 | N/A | +5.23% |
| 2023 | N/A | +15.90% |
| 2022 | N/A | -15.15% |
| 2021 | N/A | +12.52% |
| 2020 | N/A | +9.33% |
| 2019 | N/A | +0.27% |
FRWD vs IQSI Drawdown Comparison
The maximum drawdown for FRWD was -18.49%, occurring on Mar 30, 2026. Recovery took 53 trading sessions.
The maximum drawdown for IQSI was -31.90%, occurring on Mar 18, 2020. Recovery took 205 trading sessions.
The current FRWD drawdown is -6.61%. The current IQSI drawdown is -0.55%.
| Rank | FRWD | IQSI |
|---|---|---|
| #1 | -18.49% Jan 28, 2026 - Apr 15, 2026 | -31.90% Jan 17, 2020 - Nov 9, 2020 |
| #2 | -15.88% Jun 18, 2026 - Jul 29, 2026 | -29.85% Sep 3, 2021 - Feb 22, 2024 |
| #3 | -9.94% Jun 2, 2026 - Jun 15, 2026 | -14.01% Sep 26, 2024 - Apr 29, 2025 |
| #4 | -5.01% May 14, 2026 - May 22, 2026 | -11.99% Feb 25, 2026 - Jun 16, 2026 |
| #5 | -2.67% Apr 24, 2026 - May 1, 2026 | -7.35% Jul 12, 2024 - Aug 19, 2024 |
| #6 | -1.87% Jan 16, 2026 - Jan 22, 2026 | -5.55% Jun 15, 2021 - Aug 11, 2021 |
| #7 | -1.81% Jun 15, 2026 - Jun 18, 2026 | -5.36% Mar 27, 2024 - May 14, 2024 |
| #8 | -1.60% May 11, 2026 - May 14, 2026 | -5.35% Oct 27, 2025 - Dec 11, 2025 |
| #9 | -1.53% Jan 13, 2026 - Jan 16, 2026 | -4.18% Jan 21, 2021 - Feb 9, 2021 |
| #10 | -1.34% May 6, 2026 - May 8, 2026 | -4.11% Jul 23, 2025 - Aug 13, 2025 |
| #11 | -0.89% Apr 22, 2026 - Apr 24, 2026 | -4.01% Aug 30, 2024 - Sep 26, 2024 |
| #12 | -0.59% Apr 17, 2026 - Apr 22, 2026 | -3.80% Feb 16, 2021 - Mar 17, 2021 |
| #13 | -0.09% May 1, 2026 - May 5, 2026 | -3.44% Oct 6, 2025 - Oct 20, 2025 |
| #14 | N/A | -3.40% May 7, 2021 - May 24, 2021 |
| #15 | N/A | -3.37% Jun 12, 2025 - Jun 27, 2025 |
Correlation
Correlation between FRWD and IQSI is 0.73 which considered as a strong positive correlation - the stocks tend to move together.
0.73
-101
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