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DRUP

GradeDNew York Stock Exchange Arca

GraniteShares Nasdaq Select Disruptors ETF

Themes · GraniteShares · Inception 2019-10-07 · SEC filings

$71.46+0.44 (+0.62%)

As of Sep 23, 2026, 11:37 AM EDT

Intraday session: up, 2 prints from 71.02 to 71.46. Range 71.02 to 71.46. Use the arrow keys to read each point.$71.00$71.20$71.4010 AM12 PM2 PM4 PM
Expense ratio
1.50%
Fund size
$50M
1Y return
+6.8%
Yield · Last 12 months
0.00%
Holdings
51
Volume · 30D
0M sh
NAV per share
$71.09
52W range
low $52.83high $71.04

The ETF.net DRUP Grade

D

29/ 100

Rank 30 of 31 in Disruptive Innovation

Confidence Medium

Six-pillar profile for DRUP. Scores out of 100: Cost 0, Risk 46, Mission 49, Tradability 50, Holdings 50, Durability 47. Strongest: Tradability (50). Weakest: Cost (0). No single pillar leads.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 29 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 0
    Category rank31/31 · bottom quartile
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    CScore 49
    Category rank8/10 · bottom quartile
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 46
    Category rank21/31 · mid-pack
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 50
    Category rank15/31 · top 48%
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 50
    Category rank18/31 · mid-pack
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 47
    Category rank19/31 · mid-pack

Graded as of Sep 22, 2026

Our read on DRUP

ETF.net Research

DMost disruption funds hunt cash-burning small caps. DRUP starts with a large-cap universe and keeps the 50 names that score highest on disruption, judged on patent value, R&D spend, revenue growth and gross margins.

Stated mandate

The Fund seeks to track, before fees and expenses, the Nasdaq US Large Cap Select Disruptors Index. It provides exposure to large-cap U.S.-listed companies selected for high disruption scores.

Why people hold it

  1. 01The disruption score is built from patent value, R&D expenses, revenue growth and gross margins, so innovation gets measured off filings and financials rather than a marketing theme.indexes.nasdaqomx.com
  2. 02Large caps only. The 50 holdings are drawn from the Nasdaq US 500 Large Cap Index, so you get the disruption angle without the pre-revenue moonshots that define much of this shelf.indexes.nasdaqomx.com
  3. 03Rules-based and passive: the index does the picking, not a manager's conviction, and it has run on the same scoring model since the fund launched in 2019.graniteshares.com

Worth knowing

  1. 01The fee sits well above the median for disruption funds. Peers such as KOMP (0.20%) and XT (0.46%) deliver a similar theme for a fraction of the cost.
  2. 02Small asset base and light trading volume. Limit orders matter more here than with the household-name thematic funds.
  3. 03About 50 stocks, and GraniteShares notes the fund can become non-diversified purely from shifts in index weights or market caps.graniteshares.com

DRUP Holdings

As of Sep 21, 2026, 4:06 AM
Asset class
Stocks
Holdings
51
Top-10 weight
49%
Largest holding
4338.HK10.2%

Sectors

  • Technology55.9%
  • Health Care29.0%
  • Communication12.3%
  • Industrials1.2%
  • Consumer Discr.1.1%
  • Real Estate0.6%

Geography

  • United States98.75%
  • Switzerland1.25%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0014338.HKMICROSOFT CORP10.22%0$5M1
002GOOGLALPHABET INC-CL A7.12%0$3M704
003METAMETA PLATFORMS INC6.50%0$3M683
004LLYELI LILLY & CO5.14%0$3M569
005JNJJOHNSON & JOHNSON4.52%0$2M521
006PLTRPALANTIR TECHNOLOGIE3.47%0$2M503
007PANWPALO ALTO NETWORKS INC3.29%0$2M486
0084333.HKCISCO SYSTEMS INC3.23%0$2M1
009CRWDCROWDSTRIKE HOLDINGS INC3.00%0$1M454
0100HHR.LARISTA NETWORKS INC2.76%0$1M1
011CRMSALESFORCE.COM INC2.57%0$1M457
012ORCLORACLE CORP2.28%0$1M448
013SNOWSNOWFLAKE INC-CLASS A2.18%0$1M321
0140L5N.LSERVICENOW INC2.07%0$1M2
015NETCLOUDFLARE INC - CLASS A2.00%0$979K273

Showing 1–15 of 51 holdings

DRUP Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

DRUP$10,685
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. DRUP $10,685. SPY $11,723. Use the arrow keys to read each point.$7,698$9,880$12,063Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for DRUP. Periods over one year show the average yearly return.
PeriodDRUP
Year to date+6.3%
1 month+2.8%
3 months+19.2%
1 year+6.8%
3 years+22.6%per year
5 years+11.2%per year
10 yearsFund is under 10 years oldper year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DRUP
YearReturn barDRUP
2026 YTD+6.3%
2025+18.2%
2024+23.1%
2023+42.3%
2022−28.2%
2021+26.1%
2020+28.7%

DRUP in the news

ETF.net Research hasn’t filed on DRUP yet — coverage lands here as it’s written.

DRUP Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2023

One bar per payment. 16 payments from 2019 to 2023. Dec 30, 2019 $0.05; Mar 18, 2020 $0.06; Jun 17, 2020 $0.05; Sep 16, 2020 $0.04; Dec 30, 2020 $0.05; Mar 17, 2021 $0.04; Jun 16, 2021 $0.03; Sep 15, 2021 $0.03; Dec 30, 2021 $0.04; Mar 29, 2022 $0.04; Jun 28, 2022 $0.04; Sep 28, 2022 $0.05; Dec 28, 2022 $0.04; Mar 29, 2023 $0.06; Jun 28, 2023 $0.08; Dec 27, 2023 $0.04. Use the arrow keys to read each point.20192020202120222023
Ex-datePay dateAmount per share
Dec 27, 2023Dec 29, 2023$0.04
Jun 28, 2023Jun 30, 2023$0.08
Mar 29, 2023Data unavailable$0.06
Dec 28, 2022Data unavailable$0.04
Sep 28, 2022Data unavailable$0.05
Jun 28, 2022Data unavailable$0.04
Mar 29, 2022Data unavailable$0.04
Dec 30, 2021Data unavailable$0.04
Sep 15, 2021Data unavailable$0.03
Jun 16, 2021Data unavailable$0.03
Mar 17, 2021Data unavailable$0.04
Dec 30, 2020Data unavailable$0.05

DRUP Risk

How much the fund’s monthly returns vary, scaled to a year.
20.2%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.78
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−31.3%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.14
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

DRUP Cost

Expense ratio1.50%
  • The middle half of Disruptive Innovation funds
  • Median 0.65%

Every other Disruptive Innovation fund charges less.

DRUP costs $150.00 a year on $10,000. The median Disruptive Innovation fund costs $65.00.