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DARP vs KOMP

Tidal Trust II Grizzle Growth ETF

DARPDNYSE Arca

State Street SPDR S&P Kensho New Economies Composite ETF

KOMPANYSE Arca

Overlap

5.1%by weight

Expense ratio

KOMP −0.55pt a year

DARP0.75%KOMP0.20%

Avg volume · 30D

KOMP 9.3×the volume

DARP7.52KKOMP70K

3Y return · a year

DARP +11.8pt

DARP+32.5%KOMP+20.7%

DARP vs KOMP Performance

Oct 31, 2025 – Oct 30, 2026

+19.4%DARP−1.6%KOMP

Oct 31, 2025 to Oct 30, 2026. DARP +19.4%. KOMP −1.6%. Use the arrow keys to read each point.−10%10%30%Oct 2025Apr 2026Oct 2026
Expense ratio
DARP 0.75%
KOMP 0.20%, better
Fund size
DARP $41M
KOMP $2.57B
1Y total return
DARP +19.4%, better
KOMP −1.6%
Yield (12M)
DARP 0.37%
KOMP 1.63%, better
Holdings
DARP 46
KOMP 501
Avg volume (30D)
DARP 7.52K sh
KOMP 70K sh, better
NAV per share
DARP $55.56
KOMP $64.63
52W range

ETF.net Grade

DARP: Cost 22, Risk 63, Mission 43, Tradability 56, Holdings 39, Durability 24. KOMP: Cost 100, Risk 55, Mission not scored, Tradability 77, Holdings 88, Durability 88.
Pillar letters and Scores for DARP, KOMP, with each pillar’s weight
PillarDARPKOMP
Cost30% weightF22A100Higher
Mission25% weightC43Not scored
Risk15% weightB63HigherB55
Tradability15% weightB56A77Higher
Holdings10% weightD39A88Higher
Durability5% weightF24A88Higher

Rank among Disruptive Innovation funds

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

Same Category. DARP and KOMP are both graded against the same 30 Disruptive Innovation funds, so their Grades compare head to head.

Disruptive Innovation⁠

Category · 30 funds
See all 30 ›

KOMP ranks 2nd and DARP 23rd of 30 funds in the Disruptive Innovation Category.

  1. Rank 1AXTiShares Future Exponential Technologies ETFScore 86
  2. Rank 2AKOMPState Street SPDR S&P Kensho New Economies Composite ETFScore 83
  3. Rank 3ATRFMAAM Transformers ETFScore 74
  4. Rank 21CTEKXState Street Galaxy Transformative Tech Accelerators ETFScore 40
  5. Rank 23DDARPTidal Trust II Grizzle Growth ETFScore 39
  6. Rank 23DYNOTHorizon Digital Frontier ETFScore 39

Our read on each fund

ETF.net Research

DARPDTidal Trust II Grizzle Growth ETF

KOMPAState Street SPDR S&P Kensho New Economies Composite ETF

In short

DARP The ticker is the thesis: disruption at a reasonable price. Two founder-managers run a concentrated global book of 30 to 60 innovation names screened on valuation, in a corner of the market where most rivals simply track a theme index.

KOMP Most thematic funds bet on one idea. KOMP buys the whole Fourth Industrial Revolution: 20-plus Kensho subsectors, from robotics to genetic engineering, spread across roughly 500 global stocks for 0.20% a year.

Stated mandate

DARP The Fund seeks long-term capital appreciation through an actively managed portfolio of equity securities focused on growth, innovation, and disruption.

KOMP The Fund seeks investment results that generally correspond, before fees and expenses, to the total return performance of the S&P Kensho New Economies Composite Index.

Why people hold it

  • DARP Valuation discipline is baked into the name: DARP targets disruption at a reasonable price, aiming at companies whose revenue and earnings can outgrow the broad market.grizzle.com
  • Genuinely active, not an index in costume: a non-diversified portfolio of 30 to 60 global stocks of any market cap, chosen by the two founders of the sub-adviser.grizzle.com
  • Spreads its bets across four themes (cloud and digitization, future media, health and wellness, energy transition) instead of living or dying by one sector.grizzle.com
  • The managers show their work: fund letters, a factsheet and a strategy whitepaper sit on the fund's own site.grizzle.com
  • KOMP 0.20% a year, under a third of the typical disruptive-innovation fund's fee and below peers like XT (0.46%) and TRFM (0.49%).
  • Kensho's language-processing engine scans regulatory filings for context and keywords, so membership rests on what a company discloses it does, not an old sector label.ssga.comspglobal.com
  • About 500 global names across 20-plus subsectors, equal weighted within each group with extra weight to 'core' operators. One mega-cap can't run the show.spglobal.com
  • Trading since 2018 and now a multi-billion-dollar fund, it sits among the strongest implementations in the disruptive-innovation group.

Worth knowing

  • DARP At 0.75% a year, it costs more than the 0.65% typical of its innovation peers, and well above index-based rivals like KOMP (0.20%) and XT (0.46%).
  • A small fund that trades lightly, so bid-ask spreads can run wider than at the category's household names.
  • Concentrated (roughly 40 holdings) and non-diversified, so individual positions carry real weight, and cash comes back once or twice a year rather than quarterly.grizzle.com
  • KOMP Equal weighting reaches down into smaller, earlier-stage innovators, so swings run wider than a plain broad-market index fund.spglobal.com
  • Subsector weights follow a risk-adjusted-return formula with annual reconstitution, so the mix drifts toward industries that have recently performed well.ssga.comspglobal.com
  • Breadth cuts both ways: a pure play on one theme like AI or space gets diluted here across the entire innovation map.spglobal.com

Full DARP profile⁠

Full KOMP profile⁠

DARP vs KOMP Holdings

How DARP and KOMP differ

Overlap by weight

5.1%

Shared holdings make up 39.4% of DARP and 5.6% of KOMP.

Level by level

  • Holdings14 in both5.1%
  • Sector10 Sectors65.7%
  • Countryby domicile91.7%
  • Asset classEquity100%

Sector

Sector weights in DARP and KOMP, widest gap first
SectorMore in DARPMore in KOMP
IndustrialsKOMP +16.0 points
TechnologyDARP +13.5 points
Health CareKOMP +11.6 points
EnergyDARP +9.2 points
CommunicationDARP +5.1 points
FinancialsKOMP +3.7 points
MaterialsDARP +3.0 points
UtilitiesKOMP +3.0 points
Consumer DiscretionaryDARP +2.5 points
Consumer StaplesDARP +0.9 points

Country, concentration and asset class

Country by domicile

Country weights in DARP and KOMP, widest gap first
CountryMore in DARPMore in KOMP
United StatesDARP +2.8 points
ChinaKOMP +2.6 points
IsraelKOMP +2.5 points
TaiwanDARP +2.2 points
NetherlandsDARP +1.9 points
BrazilKOMP +0.8 points
CanadaDARP +0.6 points
South KoreaKOMP +0.6 points
Other countries (11)KOMP +1.1 points

Concentration

Weight in the 10 largest Holdings

  • DARP52.4%
  • KOMP11.1%

Securities held

  • DARP46
  • KOMP498

Asset class

DARP
Equity
KOMP
Equity

Holdings

  • Only in DARP32
  • In both14
  • Only in KOMP484

Only in DARP

32 securities, 60.8% of DARP by weight

  • Amazon.com Inc7.62%
  • Alphabet Inc6.87%
  • Everpure Inc3.79%

Only in KOMP

484 securities, 94.3% of KOMP by weight

  • Twist Bioscience Corp1.90%
  • Ptc Inc1.40%
  • 3D Systems Corp1.18%

Weight gaps

All 14 Holdings in both funds, largest gap first.

Holding weights in DARP and KOMP, widest gap first
HoldingMore in DARPMore in KOMP
Micron Technology IncMUDARP +8.12 points
NVIDIA CorpNVDADARP +7.95 points
Apple IncAAPLDARP +4.25 points
Coherent CorpCOHRDARP +2.88 points
Microsoft CorpMSFTDARP +2.28 points
GE Vernova IncGEVDARP +1.93 points
Palo Alto Networks IncPANWDARP +1.84 points
Uber Technologies IncUBERDARP +1.21 points

All 46 DARP holdings⁠All 499 KOMP 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.

DARP vs KOMP Cost

Overpaying DARP vs KOMP

$10,327

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

  • DARP 0.75%

    $14,482

  • KOMP 0.20%

    $4,155

$10,000
30 years

Cost over time

  • DARP 0.75%
  • KOMP 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530DARP $14,482KOMP $4,155

Year by year

YearDARPKOMPOverpaying
10$1,336$365$971
20$5,078$1,421$3,657
30$14,482$4,155$10,327

Expense ratio

  • 0.75%DARP
  • 0.20%KOMP, cheaper
  • Middle half of Disruptive Innovation funds
  • Median 0.65%

KOMP cheapest of 30 funds

DARP 20th cheapest of 30 funds

DARP vs KOMP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DARP 0.37%
KOMP 1.63%, better
Payout (12M)
DARP $0.20
KOMP $1.02
Last payment
DARP $0.20
KOMP $0.13
Ex-dividend
DARP Dec 29, 2025
KOMP Sep 21, 2026
Paid on
DARP Dec 30, 2025
KOMP Sep 23, 2026
Frequency
DARP Annual
KOMP Quarterly

Distribution history

Per share, 2018 to 2026, same scale for both

DARPAnnual · 4 paymentsAll DARP payments⁠
One bar per payment. 4 payments from 2018 to 2026 YTD. Dec 23, 2022 $0.29; Dec 22, 2023 $0.09; Dec 23, 2024 $0.62; Dec 29, 2025 $0.20. Use the arrow keys to read each point.$0$0.50202020232026YTD
KOMPQuarterly · 33 paymentsAll KOMP payments⁠
One bar per payment. 33 payments from 2018 to 2026 YTD. Dec 24, 2018 $0.04; Mar 18, 2019 $0.05; Jun 24, 2019 $0.03; Sep 23, 2019 $0.05; Dec 23, 2019 $0.11; Dec 30, 2019 $0.05; Mar 23, 2020 $0.06; Jun 22, 2020 $0.06; Sep 21, 2020 $0.07; Dec 21, 2020 $0.20; Mar 22, 2021 $0.22; Jun 21, 2021 $0.14; Sep 20, 2021 $0.13; Dec 20, 2021 $0.36; Mar 21, 2022 $0.08; Jun 21, 2022 $0.17; Sep 19, 2022 $0.17; Dec 19, 2022 $0.15; Mar 20, 2023 $0.10; Jun 20, 2023 $0.15; Sep 18, 2023 $0.12; Dec 18, 2023 $0.22; Mar 18, 2024 $0.08; Jun 24, 2024 $0.16; Sep 23, 2024 $0.10; Dec 23, 2024 $0.19; Mar 24, 2025 $0.12; Jun 23, 2025 $0.12; Sep 22, 2025 $0.14; Dec 22, 2025 $0.72; Mar 23, 2026 $0.07; Jun 22, 2026 $0.10; Sep 21, 2026 $0.13. Use the arrow keys to read each point.$0$0.50202020232026YTD

DARP vs KOMP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DARP 22.0%, betterKOMP 22.3%
Return per unit of riskSharpe ratio, 3 years
DARP 1.20, betterKOMP 0.76
Worst fallMax drawdown, 5 years
DARP −30.3%since Dec 2021KOMP −45.4%
Market sensitivityBeta, 5 years
DARP 1.24KOMP 1.65

DARP and KOMP in the news

All news⁠

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