FRWD vs. TRUT

Last updated Jun 5, 2026

FRWD (Nomura Transformational Technologies ETF) and TRUT (Vaneck Technology Trusector ETF) are both Technology Equities funds. Both are actively managed. Their correlation of 0.89 suggests significant overlap in exposure. FRWD charges 0.65%/yr vs 0.13%/yr for TRUT.

Performance

FRWD vs. TRUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nomura Transformational Technologies ETF (FRWD) and Vaneck Technology Trusector ETF (TRUT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FRWD

• 1D: -1.05%
• 1M: 15.16%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TRUT

• 1D: -1.39%
• 1M: 13.28%
• YTD: 23.56%
• 6M: 22.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FRWD vs. TRUT - Yearly Performance Comparison

	2026 (YTD)
FRWD Nomura Transformational Technologies ETF	33.73%
TRUT Vaneck Technology Trusector ETF	23.41%

Correlation

The correlation between FRWD and TRUT is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 14, 2026	0.89

Return for Risk

FRWD vs. TRUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nomura Transformational Technologies ETF (FRWD) and Vaneck Technology Trusector ETF (TRUT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FRWD	TRUT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	3.74	2.25	+1.49

Drawdowns

FRWD vs. TRUT - Drawdown Comparison

The maximum FRWD drawdown since its inception was -18.49%, roughly equal to the maximum TRUT drawdown of -18.55%. Use the drawdown chart below to compare losses from any high point for FRWD and TRUT.

Drawdown Indicators

	FRWD	TRUT	Difference
Max Drawdown Largest peak-to-trough decline	-18.49%	-18.55%	+0.06%
Current Drawdown Current decline from peak	-1.60%	-2.83%	+1.23%
Average Drawdown Average peak-to-trough decline	-5.24%	-5.16%	-0.08%

Volatility

Volatility by Period

	FRWD	TRUT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	29.89%	21.54%	+8.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.89%	21.54%	+8.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.89%	21.54%	+8.35%

FRWD vs. TRUT - Expense Ratio Comparison

FRWD has a 0.65% expense ratio, which is higher than TRUT's 0.13% expense ratio.

Dividends

FRWD vs. TRUT - Dividend Comparison

FRWD has not paid dividends to shareholders, while TRUT's dividend yield for the trailing twelve months is around 0.19%.

Position	TTM	2025
FRWD Nomura Transformational Technologies ETF	0.00%	0.00%
TRUT Vaneck Technology Trusector ETF	0.19%	0.14%

Frequently Asked Questions

Can I hold both FRWD and TRUT in my portfolio?

FRWD and TRUT have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FRWD or TRUT?

On fees, TRUT is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FRWD or TRUT?

TRUT is cheaper with a 0.13% expense ratio, compared with 0.65% for FRWD.

Which ETF pays a higher dividend yield, FRWD or TRUT?

TRUT has the higher dividend yield at 0.19%, compared with 0.00% for FRWD.

What is the main difference between FRWD and TRUT?

They also come from different issuers: Nomura and VanEck. Their fees differ too: 0.65% for FRWD and 0.13% for TRUT.