FRWD vs TDV
Comparison between Nomura Transformational Technologies ETF (FRWD, ETF) and PROSHARES S&P TECHNOLOGY DIVIDEND ARISTOCRATS ETF (TDV, ETF).
Both FRWD and TDV are from the Technology sector.
FRWD vs TDV - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
FRWD
$285M
TDV
$285M
Expense Ratio
FRWD
0.65%
Winner
TDV
0.45%
Max Drawdown
Winner
FRWD
18.49%
TDV
32.78%
Sharpe Ratio
Winner
FRWD
1.40
TDV
0.78
5Y Beta
FRWD
2.08
Winner
TDV
1.16
P/E Ratio
FRWD
43.94
Winner
TDV
27.54
Forward P/E
FRWD
24.86
Winner
TDV
19.02
PEG Ratio
FRWD
0.28
Winner
TDV
0.06
5Y Dividends CAGR
FRWD
N/A
TDV
9.94%
5Y EPS CAGR
Winner
FRWD
34.63%
TDV
9.56%
Debt to Equity
FRWD
N/A
TDV
-114.83%
P/S Ratio
FRWD
4.51
Winner
TDV
2.63
P/B Ratio
FRWD
12.90
Winner
TDV
4.28
FRWD vs TDV - Holdings Comparison
FRWD and TDV have 5 common holdings. Overlap is 11.30%
FRWD's top 25 holdings weight is 99.42%. TDV's top 25 holdings weight is 73.37%.
| Rank | FRWD | TDV |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 8.39% | APPLIED MATERIALS INC (AMAT) - 4.04% |
| #2 | ADVANCED MICRO DEVICES INC (AMD) - 7.40% | KULICKE & SOFFA INDUSTRIES INC (KLIC) - 3.91% |
| #3 | SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 6.98% | LAM RESEARCH CORP (LRCX) - 3.71% |
| #4 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR (TSM) - 6.10% | KLA CORP (KLAC) - 3.65% |
| #5 | LAM RESEARCH CORP (LRCX) - 5.72% | QUALCOMM INC (QCOM) - 3.29% |
| #6 | ASML HOLDING NV ADR (ASML) - 4.79% | COGNEX CORP (CGNX) - 3.25% |
| #7 | BROADCOM INC (AVGO) - 4.71% | CISCO SYSTEMS INC (CSCO) - 3.20% |
| #8 | MICRON TECHNOLOGY INC (MU) - 4.60% | TEXAS INSTRUMENTS INC (TXN) - 3.14% |
| #9 | WESTERN DIGITAL CORP (WDC) - 4.36% | BADGER METER INC (BMI) - 2.96% |
| #10 | TEXAS INSTRUMENTS INC (TXN) - 3.94% | POWER INTEGRATIONS INC (POWI) - 2.92% |
| #11 | NETFLIX INC (NFLX) - 3.79% | AVNET INC (AVT) - 2.84% |
| #12 | SAMSUNG ELECTRONICS CO LTD (n/a) - 3.76% | AMPHENOL CORP CLASS A (APH) - 2.78% |
| #13 | DOORDASH INC ORDINARY SHARES CLASS A (DASH) - 3.64% | VISA INC CLASS A (V) - 2.77% |
| #14 | ALPHABET INC CLASS A (GOOGL) - 3.44% | INTERNATIONAL BUSINESS MACHINES CORP (IBM) - 2.74% |
| #15 | MICROSOFT CORP (MSFT) - 3.13% | LITTELFUSE INC (LFUS) - 2.72% |
| #16 | AMAZON.COM INC (AMZN) - 3.05% | APPLE INC (AAPL) - 2.71% |
| #17 | KRATOS DEFENSE & SECURITY SOLUTIONS INC (KTOS) - 2.90% | SKYWORKS SOLUTIONS INC (SWKS) - 2.69% |
| #18 | SPOTIFY TECHNOLOGY SA (SPOT) - 2.68% | CASS INFORMATION SYSTEMS INC (CASS) - 2.68% |
| #19 | CELESTICA INC ORDINARY SHARES (SUBORDINATE VOTING) (CLS) - 2.63% | MICROCHIP TECHNOLOGY INC (MCHP) - 2.68% |
| #20 | MERCADOLIBRE INC (MELI) - 2.57% | HP INC (HPQ) - 2.56% |
| #21 | SPACE EXPLORATION TECHNOLOGIES CORP CLASS A (SPCX) - 2.51% | ANALOG DEVICES INC (ADI) - 2.54% |
| #22 | BOOKING HOLDINGS INC (BKNG) - 2.25% | MASTERCARD INC CLASS A (MA) - 2.50% |
| #23 | SHOPIFY INC REGISTERED SHS -A- SUBORD VTG (SHOP) - 2.16% | CDW CORP (CDW) - 2.40% |
| #24 | SERVICENOW INC (NOW) - 1.99% | ROPER TECHNOLOGIES INC (ROP) - 2.39% |
| #25 | CADENCE DESIGN SYSTEMS INC (CDNS) - 1.93% | MOTOROLA SOLUTIONS INC (MSI) - 2.30% |
| Total Holdings | 27 | 39 |
FRWD vs TDV - Historical Returns
Returns include dividend reinvestment.
1M
FRWD
-7.62%
Winner
TDV
-5.38%
3M
Winner
FRWD
+17.20%
TDV
+3.90%
6M
Winner
FRWD
+26.34%
TDV
+10.84%
1Y
FRWD
N/A
TDV
+18.19%
5Y(CAGR)
FRWD
N/A
TDV
+11.96%
Max(CAGR)
Winner
FRWD
+58.34%
TDV
+15.83%
FRWD vs TDV - Annual Returns (2019 - 2026)
Returns include dividend reinvestment.
| Year | FRWD | TDV |
|---|---|---|
| 2026 | +26.85% | +13.85% |
| 2025 | N/A | +16.73% |
| 2024 | N/A | +11.71% |
| 2023 | N/A | +27.23% |
| 2022 | N/A | -16.30% |
| 2021 | N/A | +29.28% |
| 2020 | N/A | +27.75% |
| 2019 | N/A | +3.67% |
FRWD vs TDV Drawdown Comparison
The maximum drawdown for FRWD was -18.49%, occurring on Mar 30, 2026. Recovery took 53 trading sessions.
The maximum drawdown for TDV was -32.78%, occurring on Mar 23, 2020. Recovery took 115 trading sessions.
The current FRWD drawdown is -8.32%. The current TDV drawdown is -7.38%.
| Rank | FRWD | TDV |
|---|---|---|
| #1 | -18.49% Jan 28, 2026 - Apr 15, 2026 | -32.78% Feb 19, 2020 - Aug 3, 2020 |
| #2 | -12.65% Jun 18, 2026 - Jul 17, 2026 | -25.10% Dec 27, 2021 - Jun 30, 2023 |
| #3 | -9.94% Jun 2, 2026 - Jun 15, 2026 | -22.51% Feb 19, 2025 - Jun 9, 2025 |
| #4 | -5.01% May 14, 2026 - May 22, 2026 | -13.23% Jul 31, 2023 - Dec 11, 2023 |
| #5 | -2.67% Apr 24, 2026 - May 1, 2026 | -12.13% Jul 16, 2024 - Nov 7, 2024 |
| #6 | -1.87% Jan 16, 2026 - Jan 22, 2026 | -9.55% Jan 29, 2026 - Apr 13, 2026 |
| #7 | -1.81% Jun 15, 2026 - Jun 18, 2026 | -9.37% Oct 27, 2025 - Dec 11, 2025 |
| #8 | -1.60% May 11, 2026 - May 14, 2026 | -8.77% Sep 2, 2020 - Oct 12, 2020 |
| #9 | -1.53% Jan 13, 2026 - Jan 16, 2026 | -8.76% Jun 2, 2026 - Jul 20, 2026 |
| #10 | -1.34% May 6, 2026 - May 8, 2026 | -7.89% Oct 12, 2020 - Nov 6, 2020 |
| #11 | -0.89% Apr 22, 2026 - Apr 24, 2026 | -6.42% Mar 28, 2024 - May 14, 2024 |
| #12 | -0.59% Apr 17, 2026 - Apr 22, 2026 | -6.19% Apr 23, 2021 - Jun 11, 2021 |
| #13 | -0.09% May 1, 2026 - May 5, 2026 | -5.52% Feb 16, 2021 - Mar 15, 2021 |
| #14 | N/A | -5.37% Nov 7, 2024 - Jan 22, 2025 |
| #15 | N/A | -5.36% Jan 23, 2020 - Feb 11, 2020 |
Correlation
Correlation between FRWD and TDV is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
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