Skip to content
etf.net

DTEC vs TRFM

ALPS Disruptive Technologies ETF

DTECBNYSE Arca

AAM Transformers ETF

TRFMANYSE Arca

Overlap

17.7%by weight

Expense ratio

TRFM −0.01pt a year

DTEC0.50%TRFM0.49%

Avg volume · 30D

TRFM 7.1×the volume

DTEC5.64KTRFM40.1K

3Y return · a year

TRFM +12.2pt

DTEC+14.8%TRFM+27.0%

DTEC vs TRFM Performance

Oct 31, 2025 – Nov 2, 2026

−0.1%DTEC+4.6%TRFM

Oct 31, 2025 to Nov 2, 2026. DTEC −0.1%. TRFM +4.6%. Use the arrow keys to read each point.−10%10%20%Oct 2025May 2026Nov 2026
Expense ratio
DTEC 0.50%
TRFM 0.49%, better
Fund size
DTEC $73M
TRFM $313M
1Y total return
DTEC −0.1%
TRFM +4.6%, better
Yield (12M)
DTEC 0.04%
TRFM No data
Holdings
DTEC 100
TRFM 266
Avg volume (30D)
DTEC 5.64K sh
TRFM 40.1K sh, better
NAV per share
DTEC $51.24
TRFM $53.79
52W range

ETF.net Grade

DTEC: Cost 81, Risk 60, Mission not scored, Tradability 33, Holdings 85, Durability 55. TRFM: Cost 81, Risk 66, Mission not scored, Tradability 70, Holdings 89, Durability 50.
Pillar letters and Scores for DTEC, TRFM, with each pillar’s weight
PillarDTECTRFM
Cost30% weightA81A81
Mission25% weightNot scoredNot scored
Risk15% weightB60B66Higher
Tradability15% weightD33A70Higher
Holdings10% weightA85A89Higher
Durability5% weightB55HigherC50

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. DTEC and TRFM 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 ›

TRFM ranks 3rd and DTEC 6th 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 84
  3. Rank 3ATRFMAAM Transformers ETFScore 74
  4. Rank 4AXITKState Street SPDR FactSet Innovative Technology ETFScore 73
  5. Rank 5AGINNGoldman Sachs Innovate Equity ETFScore 71
  6. Rank 6BDTECALPS Disruptive Technologies ETFScore 65
  7. Rank 6BFDTXFidelity Disruptive Technology ETFScore 65

Our read on each fund

ETF.net Research

DTECBALPS Disruptive Technologies ETF

TRFMAAAM Transformers ETF

In short

DTEC One ticker, about 100 global stocks spread across the disruptive-tech map instead of one hot theme. Cheaper than the typical innovation fund, and running the same rules-based playbook since 2017.

TRFM Most disruption funds buy the story. TRFM screens for companies actually writing R&D checks, then spreads the theme across a couple hundred US-listed names instead of a concentrated bet on thirty.

Stated mandate

DTEC DTEC seeks to track the Indxx Disruptive Technologies Index before fees and expenses.

TRFM The Fund passively tracks the total return of the Pence Transformers Index before fees and expenses. The index targets U.S.-listed equity securities of companies positioned to benefit from significant changes in consumer behavior and technological innovation.

Why people hold it

  • DTEC Charges 0.50% a year against a 0.65% median for disruptive-innovation funds. Cheap for a theme fund.
  • Holds roughly 100 stocks worldwide rather than a dozen US megacaps, so no single company or country carries the whole theme.
  • Tracks the Indxx Disruptive Technologies Index, so the lineup comes from published index rules instead of a manager's conviction call.alpsfunds.com
  • Trading since 2017, one of the earlier multi-theme innovation funds, and one of the stronger implementations in its peer group.
  • TRFM Candidates are screened on research-and-development spending, so names earn a slot with budget receipts, not just a narrative.nasdaq.com
  • 0.49% a year, below the typical fee in its disruptive-innovation cohort, and it follows a published index rather than a manager's hunches.
  • Modified equal weighting across a couple hundred holdings keeps any single mega-cap from quietly becoming the whole theme.stockanalysis.com
  • Sits among the strongest implementations in its disruptive-innovation peer group on our review.

Worth knowing

  • DTEC Thinly traded next to the category's biggest names, so bid-ask spreads can run wider, especially in fast markets.
  • Distributions arrive once or twice a year. This is a growth-theme equity fund, not an income sleeve.
  • Global holdings add currency movement on top of the usual swings that come with concentrated technology themes.
  • TRFM Not the cheapest door into the theme. Broader innovation rivals such as KOMP carry a lower expense ratio.
  • Trades thinly next to the category's giants, so the bid-ask spread can matter more to your cost than the fee does.
  • Launched in 2022, so the track record is short, and the index stays US-listed (ADRs count) rather than buying foreign shares directly.stockanalysis.com

Full DTEC profile⁠

Full TRFM profile⁠

DTEC vs TRFM Holdings

How DTEC and TRFM differ

Overlap by weight

17.7%

Shared holdings make up 36.9% of DTEC and 17.7% of TRFM.

Level by level

  • Holdings37 in both17.7%
  • Sector11 Sectors78.6%
  • Countryby domicile88.5%
  • Asset classEquity100%

Sector

Sector weights in DTEC and TRFM, widest gap first
SectorMore in DTECMore in TRFM
Health CareDTEC +11.9 points
FinancialsDTEC +8.4 points
IndustrialsTRFM +6.6 points
UtilitiesTRFM +6.1 points
Consumer DiscretionaryTRFM +4.7 points
CommunicationTRFM +3.3 points
Real EstateDTEC +0.9 points
MaterialsTRFM +0.2 points
Consumer StaplesTRFM +0.3 points
EnergyTRFM +0.1 points
TechnologyDTEC +0.1 points

Country, concentration and asset class

Country by domicile

Country weights in DTEC and TRFM, widest gap first
CountryMore in DTECMore in TRFM
United StatesTRFM +5.9 points
United KingdomDTEC +2.2 points
IsraelDTEC +1.4 points
TaiwanTRFM +1.4 points
BrazilTRFM +1.0 points
IrelandDTEC +1.0 points
NorwayDTEC +0.9 points
IndiaDTEC +0.9 points
Other countries (17)DTEC +1.8 points

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

Concentration

Weight in the 10 largest Holdings

  • DTEC13.7%
  • TRFM8.6%

Securities held

  • DTEC99
  • TRFM266

Asset class

DTEC
Equity
TRFM
Equity

Holdings

  • Only in DTEC62
  • In both37
  • Only in TRFM229

Only in DTEC

62 securities, 62.9% of DTEC by weight

  • Skyworks Solutions Inc.1.76%
  • PTC Inc.1.49%
  • Caris Life Sciences Inc.1.40%

Only in TRFM

229 securities, 82.3% of TRFM by weight

  • Texas Instruments Inc0.94%
  • Analog Devices Inc0.87%
  • Emerson Electric Co0.83%

Weight gaps

All 37 Holdings in both funds, largest gap first.

Holding weights in DTEC and TRFM, widest gap first
HoldingMore in DTECMore in TRFM
Zscaler Inc.ZSDTEC +1.12 points
Rubrik Inc.RBRKDTEC +1.06 points
SentinelOne Inc.SDTEC +0.96 points
Guidewire Software Inc.GWREDTEC +0.95 points
SailPoint Inc.SAILDTEC +0.93 points
Dynatrace Inc.DTDTEC +0.85 points
Affirm Holdings Inc.AFRMDTEC +0.82 points
Samsara Inc.IOTDTEC +0.81 points

All 101 DTEC holdings⁠All 270 TRFM 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.

DTEC vs TRFM Cost

Overpaying DTEC vs TRFM

$187

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

  • DTEC 0.50%

    $9,979

  • TRFM 0.49%

    $9,792

$10,000
30 years

Cost over time

  • DTEC 0.50%
  • TRFM 0.49%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530DTEC $9,979TRFM $9,792

Year by year

YearDTECTRFMOverpaying
10$900$883$17
20$3,460$3,394$66
30$9,979$9,792$187

Expense ratio

  • 0.50%DTEC
  • 0.49%TRFM, cheaper
  • Middle half of Disruptive Innovation funds
  • Median 0.65%

TRFM 4th cheapest of 30 funds

DTEC 6th cheapest of 30 funds

DTEC vs TRFM Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
DTEC 0.04%
TRFM No data
Payout (12M)
DTEC $0.02
TRFM No data
Last payment
DTEC $0.02
TRFM $0.08
Ex-dividend
DTEC Dec 18, 2025
TRFM Dec 31, 2025
Paid on
DTEC Dec 23, 2025
TRFM Jan 5, 2026
Frequency
DTEC Annual
TRFM Irregular

Distribution history

Per share, 2018 to 2026, same scale for both

DTECAnnual · 8 paymentsAll DTEC payments⁠
One bar per payment. 8 payments from 2018 to 2026 YTD. Dec 20, 2018 $0.08; Dec 19, 2019 $0.14; Dec 22, 2020 $0.17; Dec 22, 2021 $0.12; Dec 22, 2022 $0.0079; Dec 21, 2023 $0.11; Dec 19, 2024 $0.20; Dec 18, 2025 $0.02. Use the arrow keys to read each point.$0$0.20202020232026YTD
TRFMIrregular · 1 paymentAll TRFM payments⁠
One bar per payment. 1 payment from 2018 to 2026 YTD. Dec 31, 2025 $0.08. Use the arrow keys to read each point.$0$0.20202020232026YTD

DTEC vs TRFM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DTEC 17.5%, betterTRFM 23.3%
Return per unit of riskSharpe ratio, 3 years
DTEC 0.69TRFM 1.02, better
Worst fallMax drawdown, 5 years
DTEC −42.0%TRFM −28.4%since Jul 2022
Market sensitivityBeta, 5 years
DTEC 1.15TRFM 1.64

DTEC and TRFM in the news

All news⁠

Popular comparisons

  • DTECBvsXTA

    ALPS Disruptive Technologies ETF · iShares Future Exponential Technologies ETF

    Expense ratio
    0.50% · 0.46%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TRFMAvsXTA

    AAM Transformers ETF · iShares Future Exponential Technologies ETF

    Expense ratio
    0.49% · 0.46%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DTECBvsKOMPA

    ALPS Disruptive Technologies ETF · State Street SPDR S&P Kensho New Economies Composite ETF

    Expense ratio
    0.50% · 0.20%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TRFMAvsKOMPA

    AAM Transformers ETF · State Street SPDR S&P Kensho New Economies Composite ETF

    Expense ratio
    0.49% · 0.20%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DTECBvsXITKA

    ALPS Disruptive Technologies ETF · State Street SPDR FactSet Innovative Technology ETF

    Expense ratio
    0.50% · 0.45%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TRFMAvsXITKA

    AAM Transformers ETF · State Street SPDR FactSet Innovative Technology ETF

    Expense ratio
    0.49% · 0.45%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.