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FDRS vs TECB

Founder-Led ETF

FDRSDNasdaq

iShares U.S. Tech Breakthrough Multisector ETF

TECBANYSE Arca

Overlap

Expense ratio

TECB −0.19pt a year

FDRS0.49%TECB0.30%

Avg volume · 30D

FDRS 7.7×the volume

FDRS71.9KTECB9.36K

FDRS vs TECB Performance

Dec 31, 2025 – Nov 2, 2026

−1.5%FDRS+21.8%TECB

Dec 31, 2025 to Nov 2, 2026. FDRS −1.5%. TECB +21.8%. Use the arrow keys to read each point.−20%−10%10%30%Dec 2025Jun 2026Nov 2026
Expense ratio
FDRS 0.49%
TECB 0.30%, better
Fund size
FDRS $8M
TECB $493M
1Y total return
FDRS No data
TECB +16.9%
Yield (12M)
FDRS No data
TECB 0.29%
Holdings
FDRS 51
TECB 173
Avg volume (30D)
FDRS 71.9K sh, better
TECB 9.36K sh
NAV per share
FDRS $24.24
TECB $75.32
52W range

ETF.net Grade

FDRS: Cost 40, Risk 25, Mission not scored, Tradability 53, Holdings 32, Durability 54. TECB: Cost 79, Risk 55, Mission 92, Tradability 72, Holdings 61, Durability 91.
Pillar letters and Scores for FDRS, TECB, with each pillar’s weight
PillarFDRSTECB
Cost30% weightC40A79Higher
Mission25% weightNot scoredA92
Risk15% weightD25B55Higher
Tradability15% weightC53A72Higher
Holdings10% weightD32B61Higher
Durability5% weightC54A91Higher

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. FDRS 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 FDRS 17th 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 17CBUZZVanEck Social Sentiment ETFScore 39
  5. Rank 17DFDRSFounder-Led ETFScore 39
  6. Rank 17DHALXTuttle Capital Heavy Assets Low Obsolescence ETFScore 39

Our read on each fund

ETF.net Research

FDRSDFounder-Led ETF

TECBAiShares U.S. Tech Breakthrough Multisector ETF

In short

FDRS Most index funds screen for numbers. FDRS screens for a person: 50 U.S.-listed companies where an original founder still holds a C-suite seat. A governance trait, turned into an index rule.

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

FDRS The fund uses a founder-led equity strategy focused on U.S.-listed companies where an original founder remains in a senior executive role.

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

  • FDRS The rule is a person, not a slogan: at least one original founder still serving as CEO, President, CTO or CFO. Founder skin in the game, written into the methodology.sec.gov
  • Rules-based and passive. Corgi Strategies sets the criteria, Solactive AG calculates the index, and the fund replicates or samples it. No stock-picker's hunches.sec.gov
  • Fifty founder-run names in one ticker, a theme most investors otherwise have to assemble one stock at a time.sec.gov
  • 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

  • FDRS At 0.49% it runs above the typical index-tracking peer, and many times what plain-vanilla trackers like SCHK (0.03%) or SPYV (0.04%) charge.
  • Fifty stocks is concentrated. One company's stumble lands harder here than it would inside a broad-market index.sec.gov
  • Young fund, young index: it launched in late 2025 with a small asset base, so there's little live track record to judge it on.
  • 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 FDRS profile⁠

Full TECB profile⁠

FDRS vs 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.

FDRS vs TECB Cost

Overpaying FDRS vs TECB

$3,643

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

  • FDRS 0.49%

    $9,792

  • TECB 0.30%

    $6,149

$10,000
30 years

Cost over time

  • FDRS 0.49%
  • 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$8K$10K051015202530FDRS $9,792TECB $6,149

Year by year

YearFDRSTECBOverpaying
10$883$545$338
20$3,394$2,113$1,281
30$9,792$6,149$3,643

Expense ratio

  • 0.49%FDRS
  • 0.30%TECB, cheaper
  • Middle half of US Thematic funds
  • Median 0.35%

TECB 5th cheapest of 22 funds

FDRS 13th cheapest of 22 funds

FDRS vs TECB Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
FDRS No data
TECB 0.29%
Payout (12M)
FDRS None
TECB $0.22
Last payment
FDRS No data
TECB $0.05
Ex-dividend
FDRS No data
TECB Sep 15, 2026
Paid on
FDRS No data
TECB Sep 18, 2026
Frequency
FDRS No data
TECB Quarterly

Distribution history

Per share, 2020 to 2026, same scale for both

FDRSAll FDRS payments⁠

No distribution history available.

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$0.10202020232026YTD

FDRS vs TECB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FDRS No dataTECB 19.7%
Return per unit of riskSharpe ratio, 3 years
FDRS No dataTECB 1.17
Worst fallMax drawdown, 5 years
FDRS No dataTECB −41.6%
Market sensitivityBeta, 5 years
FDRS 1.37TECB 1.25

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