FMQQ vs OGIG

FMQQDFMQQ The Next Frontier Internet ETF

OGIGBALPS O'Shares Global Internet Giants ETF

In short

FMQQ Most e-commerce ETFs stick to familiar markets. FMQQ points the other way: a passive basket of roughly 50 internet and online-commerce companies drawn from emerging and frontier markets, launched in 2021.

OGIG Most e-commerce ETFs stop at the US border. OGIG casts a global net over internet and online-commerce giants, screens them for growth and quality, and does it for less than the typical fund in its niche.

Stated mandate

FMQQ The Fund seeks to track, before fees and expenses, the price and yield performance of the FMQQ The Next Frontier Internet & Ecommerce Index.

OGIG OGIG is a rules-based ETF providing exposure to large global companies whose revenue is primarily derived from internet technology and e-commerce, with an emphasis on above-average growth.

Why people hold it

• FMQQ A different map. The index reaches into emerging and frontier markets for internet and e-commerce businesses instead of the usual developed-market roster.
• Rules-based, not gut-based: it passively tracks the FMQQ The Next Frontier Internet & Ecommerce Index, so the lineup follows published index rules.
• Roughly 50 stocks, so the theme comes through undiluted rather than spread thin across hundreds of names.

• OGIG Cheap for the theme: a 0.48% expense ratio against a category median of 0.65%, undercutting rivals like IBUY, ISHP and ONLN.
• Genuinely global mandate: the O'Shares Global Internet Giants Index reaches for internet and e-commerce revenue wherever it is earned, not just US names.alpsfunds.com
• Rules-based rather than buy-everything-online: the index leans on growth and quality screens, so the basket skews toward large companies with above-average growth.
• On the whole package (cost, structure, portfolio build), one of the strongest implementations among e-commerce theme funds.

Worth knowing

• FMQQ Costs more than the neighborhood: 0.86% a year, against a 0.65% cohort median and cheaper builds like EBIZ at 0.50% and OGIG at 0.48%.
• Small fund, light volume. Spreads can run wider here than in the category's heavyweights, which makes limit orders the sane default.
• Frontier and emerging listings layer currency moves, local regulation and thinner disclosure onto an already narrow single-theme basket.

• OGIG Thinly traded and modest in size, so spreads can run wider than in the category's busiest funds.
• Concentrated by design: roughly 70 stocks in one high-growth theme, plus foreign-market exposure, means sharper swings than a broad index.
• Built for growth, not income. Distributions come annually or semiannually rather than on a monthly or quarterly schedule.

Full FMQQ profile⁠

Full OGIG profile⁠