DRUP vs XT: Grades, Fees and Holdings Compared

GraniteShares Nasdaq Select Disruptors ETF

DRUPBNYSE Arca

iShares Future Exponential Technologies ETF

XTANasdaq

Overlap

18.1%by weight

Expense ratio

XT −0.14pt a year

DRUP0.60%XT0.46%

Avg volume · 30D

XT 49.4×the volume

DRUP1.4KXT69.1K

5Y return · a year

DRUP +2.6pt

DRUP+9.5%XT+6.9%

DRUP vs XT Performance

Nov 2, 2021 – Nov 2, 2026

+57.2%DRUP+39.4%XT

Expense ratio: DRUP 0.60%; XT 0.46%, better
Fund size: DRUP $48M; XT $3.98B
1Y total return: DRUP +0.6%; XT +19.3%, better
Yield (12M): DRUP 0.00%; XT 6.86%, better
Holdings: DRUP 51; XT 216
Avg volume (30D): DRUP 1.4K sh; XT 69.1K sh, better
NAV per share: DRUP $69.09; XT $83.53
52W range

ETF.net Grade

Pillar letters and Scores for DRUP, XT, with each pillar’s weight
Pillar	DRUP	XT
Cost30% weight	B66	A95Higher
Mission25% weight	C54	Not scored
Risk15% weight	C50	A91Higher
Tradability15% weight	C46	A77Higher
Holdings10% weight	C51	B66Higher
Durability5% weight	C43	A96Higher

Rank among Disruptive Innovation funds

How we build Categories ›

Same Category. DRUP 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 DRUP 12th of 30 funds in the Disruptive Innovation Category.

Rank 1AXTiShares Future Exponential Technologies ETFScore 86
Rank 2AKOMPState Street SPDR S&P Kensho New Economies Composite ETFScore 84
Rank 11BINVNAlger Russell Innovation ETFScore 57
Rank 12BDRUPGraniteShares Nasdaq Select Disruptors ETFScore 55
Rank 12BTSNFTruth Social American Next Frontiers ETFScore 55

Our read on each fund

ETF.net Research

DRUPBGraniteShares Nasdaq Select Disruptors ETF

XTAiShares Future Exponential Technologies ETF

In short

DRUP Disruption, measured. DRUP ranks large US companies on six fundamentals (patent value and research spend among them) and keeps about 50. Launched in 2019 as XOUT, the fund that dodged the disrupted, then switched to owning the disruptors.

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

DRUP 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.

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

DRUP A Nasdaq scoring model does the picking: six fundamental metrics, patent value included, ranked across the big-cap field, with the top scorers held.nasdaq.com graniteshares.com
Large-cap only and reconstituted semiannually, so the innovation story shows up in companies with real revenue rather than pre-profit moonshots.nasdaq.com
Passive tracking of a published Nasdaq index, so the reason any holding is in there is checkable rather than a manager's hunch.nasdaq.com
Costs 0.60% a year with no temporary waiver propping that number up, which sits near the median for disruptive-innovation funds.

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.gov contentstack.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

DRUP Cheaper disruption exposure exists: KOMP charges 0.20%, also with no waiver.
The record before August 15, 2023 belongs to a different strategy; the fund tracked the XOUT US Large Cap Index until that index swap.sec.gov graniteshares.com
Thinly traded, and roughly 50 innovators makes for concentrated, tech-flavored swings. Filings note the fund can become non-diversified.graniteshares.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.com sec.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 DRUP profile⁠

Full XT profile⁠

DRUP vs XT Holdings

How DRUP and XT differ

Overlap by weight

18.1%

Shared holdings make up 45.9% of DRUP and 18.1% of XT.

Level by level

Holdings17 in both18.1%
Sector10 Sectors76.6%
Countryby domicile78.1%
Asset classEquity100%

Sector

Sector weights in DRUP and XT, widest gap first
Sector	More in DRUPMore in XT	DRUP	XT
Technology	DRUP +13.3 points	56.5%	43.2%
Communication	DRUP +9.2 points	13.0%	3.8%
Industrials	XT +7.5 points	0.9%	8.4%
Consumer Discretionary	XT +6.4 points	1.2%	7.6%
Financials	XT +4.1 points	0.1%	4.2%
Utilities	XT +4.1 points	0.0%	4.1%
Materials	XT +1.3 points	0.0%	1.3%
Real Estate	DRUP +0.6 points	0.6%	0.0%
Health Care	DRUP +0.4 points	27.8%	27.4%
Energy	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in DRUP and XT, widest gap first
Country	More in DRUPMore in XT	DRUP	XT
United States	DRUP +21.9 points	98.8%	76.9%
United Kingdom	XT +3.7 points	0.0%	3.7%
Japan	XT +3.1 points	0.0%	3.1%
Germany	XT +2.7 points	0.0%	2.7%
China	XT +2.5 points	0.0%	2.5%
Taiwan	XT +2.1 points	0.0%	2.1%
Switzerland	XT +1.9 points	1.2%	3.1%
France	XT +1.9 points	0.0%	1.9%
Other countries (3)	XT +3.9 points	0.0%	3.9%

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

Concentration

Weight in the 10 largest Holdings

DRUP49.4%
XT36.4%

Securities held

DRUP51
XT193

Asset class

DRUP: Equity
XT: Equity

Holdings

Only in DRUP34
In both17
Only in XT176

Only in DRUP

34 securities, 54.1% of DRUP by weight

Microsoft Corp10.48%
Cisco Systems Inc3.40%
Palo Alto Networks Inc2.93%
Salesforce.com Inc2.26%
Arista Networks Inc2.25%
Vertex Pharmaceuticals Inc1.90%
Stryker Corp1.78%
Adobe Inc1.61%
Motorola Solutions1.55%
Servicenow Inc1.54%
Natera Inc1.52%
Datadog Inc1.46%
Fortinet Inc1.42%
Edwards Lifesciences Corp1.30%
Boston Scientific Cp1.29%
Ebay Inc1.29%
Veeva Systems Inc1.28%
Pure Storage, Inc.1.23%
Garmin Ltd1.21%
Autodesk Inc1.21%
Zoetis Inc1.01%
United Therapeutics Corp1.01%
Resmed Inc0.98%
Dexcom Inc0.92%
Axon Enterprise, Inc0.91%
Twilio Inc - A0.90%
Verisign Inc0.90%
Incyte Corporation0.89%
Insmed Incorporated0.87%
Ptc Inc0.83%
F5 Inc0.71%
Alnylam Pharmaceuticals Inc0.62%
Insulet Corp0.59%
Cash and Cash Equivalents0.08%

Only in XT

176 securities, 81.5% of XT by weight

Texas Instrument4.50%
Tesla Inc4.43%
Microsoft4.10%
NVIDIA3.49%
Palo Alto Networks3.39%
Analog Devices3.31%
AbbVie2.55%
Amazon.com Inc2.52%
Taiwan Semiconductor Manufacturing1.81%
Merck & Co Inc1.77%
Broadcom Inc1.67%
Roche Ps Par AG1.66%
Iberdrola1.52%
Novartis AG1.49%
Astrazeneca PLC1.41%
S&P Global1.34%
Amgen Inc1.21%
Cisco Systems Inc1.15%
Infineon Technologies AG1.11%
Murata Manufacturing1.08%
Nxp Semiconductors NV1.01%
Gilead Sciences1.01%
Micron Technology1.00%
Te Connectivity PLC0.98%
Xiaomi0.92%
Fortinet0.92%
Emerson Electric0.91%
Advanced Micro Devices0.86%
Pfizer0.85%
Bae Systems PLC0.85%
Northrop Grumman Corp0.82%
Enel0.82%
Danaher0.75%
Air Products and Chemicals0.72%
Vertex Pharmaceuticals0.69%
Bristol Myers Squibb0.63%
Ge Vernova0.60%
Novo Nordisk Class B0.60%
Rheinmetall AG0.58%
Sk Hynix0.58%
London Stock Exchange Group PLC0.57%
Glaxosmithkline0.49%
Engie SA0.49%
Sanofi SA0.49%
Renesas Electronics Corp0.48%
Rockwell Automation Inc0.47%
Nasdaq Inc0.47%
On Semiconductor Corp0.45%
Stmicroelectronics0.45%
Rwe AG0.43%

Weight gaps

All 17 Holdings in both funds, largest gap first.

Holding weights in DRUP and XT, widest gap first
Holding	More in DRUPMore in XT	DRUP	XT
Meta Platforms IncMETA	DRUP +5.12 points	6.45%	1.33%
Alphabet Inc-Cl AGOOGL	DRUP +4.43 points	6.17%	1.74%
Palantir TechnologiePLTR	DRUP +3.06 points	3.52%	0.46%
Oracle CorpORCL	DRUP +2.38 points	2.60%	0.22%
Snowflake Inc-Class ASNOW	DRUP +1.70 points	1.81%	0.11%
Eli Lilly & CoLLY	DRUP +1.66 points	6.50%	4.84%
Cadence Design Systems IncCDNS	DRUP +1.54 points	1.65%	0.11%
Regeneron PharmaceuticalsREGN	DRUP +1.42 points	1.85%	0.43%
Johnson & JohnsonJNJ	DRUP +1.33 points	4.45%	3.12%
Workday IncWDAY	DRUP +0.95 points	0.99%	0.04%
Mongodb IncMDB	DRUP +0.83 points	0.87%	0.04%
Zscaler IncZS	DRUP +0.83 points	1.10%	0.27%
Intuitive Surg, Inc.ISRG	DRUP +0.76 points	2.32%	1.56%
Cloudflare Inc - Class ANET	DRUP +0.62 points	1.60%	0.98%
Costar Group IncCSGP	DRUP +0.57 points	0.58%	0.01%
Fair Isaac CorpFICO	DRUP +0.32 points	0.50%	0.18%
Crowdstrike Holdings IncCRWD	DRUP +0.22 points	2.90%	2.68%

All 51 DRUP 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.

DRUP vs XT Cost

Overpaying DRUP vs XT

$2,587

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

DRUP 0.60%
$11,817
XT 0.46%
$9,230

Amount$10,000

Years30 years

Cost over time

DRUP 0.60%
XT 0.46%
Overpaying

Year by year

Year	DRUP	XT	Overpaying
10	$1,076	$830	$246
20	$4,116	$3,195	$921
30	$11,817	$9,230	$2,587

Expense ratio

0.60%DRUP
0.46%XT, cheaper

XT0.46%DRUP0.60%

0.20%0.90%

Middle half of Disruptive Innovation funds
Median 0.65%

XT 3rd cheapest of 30 funds

DRUP 11th cheapest of 30 funds

DRUP vs XT Dividends

Last 12 months to Nov 2, 2026

Yield (12M): DRUP 0.00%; XT 6.86%, better
Payout (12M): DRUP None; XT $5.69
Last payment: DRUP No data; XT $0.36
Ex-dividend: DRUP No data; XT Jun 15, 2026
Paid on: DRUP No data; XT Jun 18, 2026
Frequency: DRUP No data; XT Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

DRUP16 paymentsAll DRUP payments⁠

XTTwice a year · 23 paymentsAll XT payments⁠

DRUP vs XT Risk

Fall from peak · 5 years

DRUP
XT

Risk facts

VolatilityStd dev, 3 years: DRUP 19.7%XT 16.5%, better
Return per unit of riskSharpe ratio, 3 years: DRUP 0.90XT 1.08, better
Worst fallMax drawdown, 5 years: DRUP −31.3%, betterXT −34.4%
Market sensitivityBeta, 5 years: DRUP 1.14XT 1.35; Market = 1

DRUP and XT in the news

All news⁠

ETF Filings
Golden Eagle files a second ETF without the 40% sales rule of the fund it already runs
Oct 8, 2026XT
Deep Dive
Disruptive innovation ETFs share a label, not a portfolio
Sep 11, 2026XT

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DRUP vs XT

In short

Stated mandate

Why people hold it

Worth knowing

How DRUP and XT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DRUP

Only in XT

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Golden Eagle files a second ETF without the 40% sales rule of the fund it already runs

Disruptive innovation ETFs share a label, not a portfolio

How DRUP and XT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DRUP

Only in XT

Weight gaps