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DARP vs XT

Tidal Trust II Grizzle Growth ETF

DARPDNYSE Arca

iShares Future Exponential Technologies ETF

XTANasdaq

Overlap

19.7%by weight

Expense ratio

XT −0.29pt a year

DARP0.75%XT0.46%

Avg volume · 30D

XT 9.2×the volume

DARP7.52KXT69.1K

3Y return · a year

DARP +9.4pt

DARP+32.5%XT+23.1%

DARP vs XT Performance

Oct 31, 2025 – Oct 30, 2026

+19.4%DARP+20.1%XT

Oct 31, 2025 to Oct 30, 2026. DARP +19.4%. XT +20.1%. Use the arrow keys to read each point.0%10%30%Oct 2025Apr 2026Oct 2026
Expense ratio
DARP 0.75%
XT 0.46%, better
Fund size
DARP $41M
XT $3.98B
1Y total return
DARP +19.4%
XT +20.1%, better
Yield (12M)
DARP 0.37%
XT 6.82%, better
Holdings
DARP 46
XT 216
Avg volume (30D)
DARP 7.52K sh
XT 69.1K sh, better
NAV per share
DARP $55.56
XT $83.53
52W range

ETF.net Grade

DARP: Cost 22, Risk 63, Mission 43, Tradability 56, Holdings 39, Durability 24. XT: Cost 95, Risk 91, Mission not scored, Tradability 77, Holdings 66, Durability 96.
Pillar letters and Scores for DARP, XT, with each pillar’s weight
PillarDARPXT
Cost30% weightF22A95Higher
Mission25% weightC43Not scored
Risk15% weightB63A91Higher
Tradability15% weightB56A77Higher
Holdings10% weightD39B66Higher
Durability5% weightF24A96Higher

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 XT 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 ›

XT ranks 1st 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 21CTEKXState Street Galaxy Transformative Tech Accelerators ETFScore 40
  4. Rank 23DDARPTidal Trust II Grizzle Growth ETFScore 39
  5. Rank 23DYNOTHorizon Digital Frontier ETFScore 39

Our read on each fund

ETF.net Research

DARPDTidal Trust II Grizzle Growth ETF

XTAiShares Future Exponential Technologies 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.

XT Innovation, spread thin on purpose. XT holds roughly 200 global companies scored by Morningstar analysts for exposure to a handful of exponential tech themes, so no single moonshot carries the fund.

Stated mandate

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

XT XT seeks to track an index of stocks from developed and emerging markets whose companies create or use exponential technologies. The strategy targets technologies with potential economic benefits, including the ability to displace older technologies or create new markets.

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
  • XT Cheap for the theme at 0.46% a year, below the typical fee in its disruptive-innovation cohort and under peers like TRFM and FDTX.
  • Human fingerprint on the stock list: Morningstar equity analysts score companies on theme exposure instead of sorting by keywords or revenue tags.sec.govcontentstack.io
  • Global by construction (developed and emerging markets) and not fenced into the tech sector, so a drugmaker or an industrial can qualify on theme exposure.sec.gov
  • Launched in 2015 and now a multi-billion-dollar iShares fund, it stands among the stronger builds in its innovation peer group.ishares.com

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
  • XT The index has been reworked since launch (weighting scheme, theme list), and themes get an annual review, so today's tilt is not fixed forever.morningstar.comsec.gov
  • Moderately traded rather than a household name, which can mean wider spreads than the biggest tech ETFs.
  • About 200 positions dilutes any single breakout winner, and distributions land only once or twice a year.

Full DARP profile⁠

Full XT profile⁠

DARP vs XT Holdings

How DARP and XT differ

Overlap by weight

19.7%

Shared holdings make up 46.9% of DARP and 25.3% of XT.

Level by level

  • Holdings12 in both19.7%
  • Sector11 Sectors66.9%
  • Countryby domicile80.9%
  • Asset classEquity100%

Sector

Sector weights in DARP and XT, widest gap first
SectorMore in DARPMore in XT
Health CareXT +23.8 points
EnergyDARP +10.7 points
TechnologyDARP +9.8 points
CommunicationDARP +5.9 points
MaterialsDARP +4.8 points
UtilitiesXT +4.1 points
FinancialsXT +3.7 points
Consumer StaplesDARP +1.5 points
IndustrialsXT +1.5 points
Consumer DiscretionaryDARP +0.4 points
Real EstateSame weight

Country, concentration and asset class

Country by domicile

Country weights in DARP and XT, widest gap first
CountryMore in DARPMore in XT
United StatesDARP +13.1 points
SwitzerlandXT +3.1 points
JapanXT +3.1 points
GermanyXT +2.7 points
United KingdomXT +2.6 points
CanadaDARP +2.3 points
NetherlandsDARP +2.2 points
FranceXT +1.9 points
Other countries (6)XT +4.1 points

Outside the US: XT 74% developed, 26% emerging.

Concentration

Weight in the 10 largest Holdings

  • DARP52.4%
  • XT36.5%

Securities held

  • DARP46
  • XT193

Asset class

DARP
Equity
XT
Equity

Holdings

  • Only in DARP34
  • In both12
  • Only in XT181

Only in DARP

34 securities, 53.3% of DARP by weight

  • Apple Inc4.40%
  • Everpure Inc3.79%
  • Gitlab Inc3.16%

Only in XT

181 securities, 74.4% of XT by weight

  • Texas Instrument4.61%
  • Tesla Inc4.40%
  • Analog Devices3.38%

Weight gaps

All 12 Holdings in both funds, largest gap first.

Holding weights in DARP and XT, widest gap first
HoldingMore in DARPMore in XT
Micron Technology IncMUDARP +7.54 points
NVIDIA CorpNVDADARP +5.17 points
Alphabet IncGOOGLDARP +5.13 points
Amazon.com IncAMZNDARP +5.10 points
Eli Lilly & CoLLYXT +2.51 points
Arista Networks IncANETDARP +1.77 points
Microsoft CorpMSFTXT +1.58 points
GE Vernova IncGEVDARP +1.51 points

All 46 DARP holdings⁠All 193 XT 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 XT Cost

Overpaying DARP vs XT

$5,252

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

  • DARP 0.75%

    $14,482

  • XT 0.46%

    $9,230

$10,000
30 years

Cost over time

  • DARP 0.75%
  • XT 0.46%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530DARP $14,482XT $9,230

Year by year

YearDARPXTOverpaying
10$1,336$830$506
20$5,078$3,195$1,883
30$14,482$9,230$5,252

Expense ratio

  • 0.75%DARP
  • 0.46%XT, cheaper
  • Middle half of Disruptive Innovation funds
  • Median 0.65%

XT 3rd cheapest of 30 funds

DARP 20th cheapest of 30 funds

DARP vs XT Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DARP 0.37%
XT 6.82%, better
Payout (12M)
DARP $0.20
XT $5.69
Last payment
DARP $0.20
XT $0.36
Ex-dividend
DARP Dec 29, 2025
XT Jun 15, 2026
Paid on
DARP Dec 30, 2025
XT Jun 18, 2026
Frequency
DARP Annual
XT Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

DARPAnnual · 4 paymentsAll DARP payments⁠
One bar per payment. 4 payments from 2017 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$52017202020232026YTD
XTTwice a year · 23 paymentsAll XT payments⁠
One bar per payment. 23 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.24; Dec 21, 2017 $0.10; Dec 28, 2017 $0.0072; Jun 19, 2018 $0.29; Dec 18, 2018 $0.18; Dec 28, 2018 $0.02; Jun 17, 2019 $0.36; Dec 16, 2019 $0.30; Jun 15, 2020 $0.24; Dec 14, 2020 $0.19; Dec 30, 2020 $0.01; Jun 10, 2021 $0.27; Dec 13, 2021 $0.28; Jun 9, 2022 $0.22; Dec 13, 2022 $0.15; Jun 7, 2023 $0.14; Dec 20, 2023 $0.11; Jun 11, 2024 $0.16; Dec 17, 2024 $0.22; Dec 30, 2024 $0.0094; Jun 16, 2025 $0.21; Dec 16, 2025 $5.33; Jun 15, 2026 $0.36. Use the arrow keys to read each point.$0$52017202020232026YTD

DARP vs XT 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%XT 16.5%, better
Return per unit of riskSharpe ratio, 3 years
DARP 1.20, betterXT 1.08
Worst fallMax drawdown, 5 years
DARP −30.3%since Dec 2021XT −34.4%
Market sensitivityBeta, 5 years
DARP 1.24XT 1.35

DARP and XT in the news

All news⁠

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