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AKAF vs TECB

The Frontier Economic Fund

AKAFCNYSE

iShares U.S. Tech Breakthrough Multisector ETF

TECBANYSE Arca

Overlap

5.0%by weight

Expense ratio

AKAF −0.10pt a year

AKAF0.20%TECB0.30%

Avg volume · 30D

TECB 78.0×the volume

AKAF120TECB9.36K

AKAF vs TECB Performance

Oct 31, 2025 – Nov 2, 2026

+16.7%AKAF+16.9%TECB

Oct 31, 2025 to Nov 2, 2026. AKAF +16.7%. TECB +16.9%. Use the arrow keys to read each point.−10%0%Oct 2025May 2026Nov 2026
Expense ratio
AKAF 0.20%, better
TECB 0.30%
Fund size
AKAF $3M
TECB $493M
1Y total return
AKAF +16.7%
TECB +16.9%, better
Yield (12M)
AKAF No data
TECB 0.29%
Holdings
AKAF 150
TECB 173
Avg volume (30D)
AKAF 120 sh
TECB 9.36K sh, better
NAV per share
AKAF $32.24
TECB $75.32
52W range

ETF.net Grade

AKAF: Cost 90, Risk 69, Mission not scored, Tradability 26, Holdings 80, Durability 33. TECB: Cost 79, Risk 55, Mission 92, Tradability 72, Holdings 61, Durability 91.
Pillar letters and Scores for AKAF, TECB, with each pillar’s weight
PillarAKAFTECB
Cost30% weightA90HigherA79
Mission25% weightNot scoredA92
Risk15% weightB69HigherB55
Tradability15% weightD26A72Higher
Holdings10% weightA80HigherB61
Durability5% weightD33A91Higher

Rank among US Thematic funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. AKAF and TECB are both graded against the same 22 US Thematic funds, so their Grades compare head to head.

US Thematic⁠

Category · 22 funds
See all 22 ›

TECB ranks 2nd and AKAF 11th of 22 funds in the US Thematic Category.

  1. Rank 1ALRNDNYLI U.S. Large Cap R&D Leaders ETFScore 76
  2. Rank 2ATECBiShares U.S. Tech Breakthrough Multisector ETFScore 71
  3. Rank 3BLOHARoundhill HALO ETFScore 66
  4. Rank 10CPNQIInvesco NASDAQ Internet ETFScore 41
  5. Rank 11CAKAFThe Frontier Economic FundScore 40
  6. Rank 11CBAYCorgi Bay Area Based ETFScore 40

Our read on each fund

ETF.net Research

AKAFCThe Frontier Economic Fund

TECBAiShares U.S. Tech Breakthrough Multisector ETF

In short

AKAF No data

TECB Five breakthroughs (AI and robotics, cloud and data, cybersecurity, genomics, fintech) in one iShares index fund, priced well under the typical US thematic ETF. Multisector by design, so healthcare and finance names sit beside the chip and software crowd.

Stated mandate

AKAF No data

TECB TECB seeks to track an index of U.S. companies that may benefit from robotics and artificial intelligence, cloud and data technology, cybersecurity, genomics and immunology, and financial technology.

Why people hold it

AKAF No data

  • TECB 0.30% a year, roughly half the median expense ratio in its US thematic peer group. With themes, cost is the one edge you keep no matter which breakthrough actually breaks through.
  • Roughly 170 stocks spread across five themes rather than a concentrated bet on one idea, so no single storyline carries the fund by itself.ishares.com
  • Rules pick the stocks, not a manager's mood: it follows the NYSE FactSet U.S. Tech Breakthrough Index and has tracked it tightly since the 2020 launch, among the cleaner builds in its thematic group.ishares.com

Worth knowing

AKAF No data

  • TECB This is a growth-theme basket with no ballast. Five fast-moving innovation sleeves can swing harder than the broad market in both directions.
  • Volume is light next to the megacap tech giants. For quick in-and-out trades, the bid-ask spread can cost more than the fee does.
  • Cheap, but not the cheapest on the block: LRND charges 0.14% for a broad US R&D-leaders screen that overlaps some of the same territory.

Full AKAF profile⁠

Full TECB profile⁠

AKAF vs TECB Holdings

How AKAF and TECB differ

Overlap by weight

5.0%

Shared holdings make up 19.6% of TECB and 5.8% of AKAF.

Level by level

  • Holdings8 in both5.0%
  • Sector10 Sectors22.3%
  • Countryby domicile80.5%
  • Asset classEquity100%

Sector

Sector weights in AKAF and TECB, widest gap first
SectorMore in AKAFMore in TECB
TechnologyTECB +52.0 points
IndustrialsAKAF +32.1 points
EnergyAKAF +15.6 points
MaterialsAKAF +12.9 points
Consumer DiscretionaryAKAF +11.9 points
Health CareTECB +10.6 points
CommunicationTECB +6.9 points
FinancialsTECB +6.9 points
Consumer StaplesAKAF +5.3 points
Real EstateTECB +1.4 points

Country, concentration and asset class

Country by domicile

Country weights in AKAF and TECB, widest gap first
CountryMore in AKAFMore in TECB
United StatesTECB +18.8 points
CanadaAKAF +7.1 points
AustraliaAKAF +4.6 points
JapanAKAF +3.9 points
SpainAKAF +1.5 points
DenmarkAKAF +1.4 points
Hong KongAKAF +0.7 points
BrazilTECB +0.6 points
United KingdomAKAF +0.2 points

Concentration

Weight in the 10 largest Holdings

  • AKAF18.3%
  • TECB42.3%

Securities held

  • AKAF148
  • TECB171

Asset class

AKAF
Equity
TECB
Equity

Holdings

  • Only in AKAF140
  • In both8
  • Only in TECB163

Only in AKAF

140 securities, 94.1% of AKAF by weight

  • ConocoPhillips2.43%
  • ExxonMobil Holdings Corp2.41%
  • Uber Technologies Inc1.85%

Only in TECB

163 securities, 80.3% of TECB by weight

  • Palo Alto Networks4.71%
  • Merck & Co Inc4.60%
  • Visa Class A4.51%

Weight gaps

All 8 Holdings in both funds, largest gap first.

Holding weights in AKAF and TECB, widest gap first
HoldingMore in AKAFMore in TECB
Microsoft CorpMSFTTECB +3.89 points
Apple IncAAPLTECB +3.37 points
Amazon.com IncAMZNTECB +2.94 points
Alphabet IncGOOGLTECB +2.23 points
Oracle CorpORCLTECB +1.10 points
International Business Machines CorpIBMTECB +1.06 points
Baker Hughes CoBKRAKAF +0.69 points
Booz Allen Hamilton Holding CorpBAHAKAF +0.12 points

All AKAF holdings⁠All 173 TECB holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AKAF vs TECB Cost

Overpaying TECB vs AKAF

$1,994

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AKAF 0.20%

    $4,155

  • TECB 0.30%

    $6,149

$10,000
30 years

Cost over time

  • AKAF 0.20%
  • TECB 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530TECB $6,149AKAF $4,155

Year by year

YearAKAFTECBOverpaying
10$365$545$180
20$1,421$2,113$692
30$4,155$6,149$1,994

Expense ratio

  • 0.20%AKAF, cheaper
  • 0.30%TECB
  • Middle half of US Thematic funds
  • Median 0.35%

AKAF 2nd cheapest of 22 funds

TECB 5th cheapest of 22 funds

AKAF vs TECB Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
AKAF No data
TECB 0.29%
Payout (12M)
AKAF No data
TECB $0.22
Last payment
AKAF $0.11
TECB $0.05
Ex-dividend
AKAF Sep 17, 2026
TECB Sep 15, 2026
Paid on
AKAF Sep 18, 2026
TECB Sep 18, 2026
Frequency
AKAF Quarterly
TECB Quarterly

Distribution history

Per share, 2020 to 2026, same scale for both

AKAFQuarterly · 4 paymentsAll AKAF payments⁠
One bar per payment. 4 payments from 2020 to 2026 YTD. Dec 17, 2025 $0.66; Mar 17, 2026 $0.03; Jun 16, 2026 $0.27; Sep 17, 2026 $0.11. Use the arrow keys to read each point.$0$0.50202020232026YTD
TECBQuarterly · 27 paymentsAll TECB payments⁠
One bar per payment. 27 payments from 2020 to 2026 YTD. Mar 25, 2020 $0.14; Jun 15, 2020 $0.02; Sep 23, 2020 $0.04; Dec 14, 2020 $0.07; Mar 25, 2021 $0.04; Jun 10, 2021 $0.02; Sep 24, 2021 $0.04; Dec 13, 2021 $0.04; Mar 24, 2022 $0.05; Jun 9, 2022 $0.03; Sep 26, 2022 $0.05; Dec 13, 2022 $0.04; Mar 23, 2023 $0.03; Jun 7, 2023 $0.02; Sep 26, 2023 $0.02; Dec 20, 2023 $0.02; Mar 21, 2024 $0.05; Jun 11, 2024 $0.01; Sep 25, 2024 $0.08; Dec 17, 2024 $0.04; Mar 18, 2025 $0.03; Jun 16, 2025 $0.04; Sep 16, 2025 $0.05; Dec 16, 2025 $0.07; Mar 17, 2026 $0.04; Jun 15, 2026 $0.05; Sep 15, 2026 $0.05. Use the arrow keys to read each point.$0$0.50202020232026YTD

AKAF vs TECB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AKAF 14.4%since Jul 2025TECB 19.7%
Return per unit of riskSharpe ratio, 3 years
AKAF 1.15since Jul 2025TECB 1.17
Worst fallMax drawdown, 5 years
AKAF −9.3%since Jun 2025TECB −41.6%
Market sensitivityBeta, 5 years
AKAF 0.56TECB 1.25

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