FDTX vs XT: Grades, Fees and Holdings Compared

Fidelity Disruptive Technology ETF

FDTXBNasdaq

iShares Future Exponential Technologies ETF

XTANasdaq

Overlap

24.5%by weight

Expense ratio

XT −0.04pt a year

FDTX0.50%XT0.46%

Avg volume · 30D

XT 1.6×the volume

FDTX43.8KXT69.1K

3Y return · a year

FDTX +7.7pt

FDTX+30.8%XT+23.1%

FDTX vs XT Performance

Oct 31, 2025 – Oct 30, 2026

+18.6%FDTX+20.1%XT

Expense ratio: FDTX 0.50%; XT 0.46%, better
Fund size: FDTX $311M; XT $3.98B
1Y total return: FDTX +18.6%; XT +20.1%, better
Yield (12M): FDTX 0.00%; XT 6.82%, better
Holdings: FDTX 46; XT 216
Avg volume (30D): FDTX 43.8K sh; XT 69.1K sh, better
NAV per share: FDTX $51.25; XT $83.53
52W range

ETF.net Grade

Pillar letters and Scores for FDTX, XT, with each pillar’s weight
Pillar	FDTX	XT
Cost30% weight	A81	A95Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	C51	A91Higher
Tradability15% weight	B56	A77Higher
Holdings10% weight	C53	B66Higher
Durability5% weight	A73	A96Higher

Rank among Disruptive Innovation funds

How we build Categories ›

Same Category. FDTX 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 FDTX 6th 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 83
Rank 6BDTECALPS Disruptive Technologies ETFScore 65
Rank 6BFDTXFidelity Disruptive Technology ETFScore 65
Rank 6BTNXTT. Rowe Price Innovation Leaders ETFScore 65

Our read on each fund

ETF.net Research

FDTXBFidelity Disruptive Technology ETF

XTAiShares Future Exponential Technologies ETF

In short

FDTX Fidelity's own read on disruptive tech, boiled down to roughly 50 names and priced below the typical thematic fund. Running since April 2020, it goes narrow where broad tech funds go wide.

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

FDTX The fund seeks long-term capital growth and normally invests at least 80% of its assets in securities of disruptive technology companies.

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

FDTX Charges 0.50% a year against a 0.65% median for disruptive-innovation funds. On a thematic shelf, that is a genuine discount.
Roughly 50 holdings, with at least 80% of assets committed to disruptive technology companies and a stated goal of long-term capital growth. Concentrated enough that individual winners register.fidelity.com
Live since April 2020, a longer run than most theme funds get, and one of the stronger profiles in the disruptive-innovation peer group.
Mid-size asset base and moderate trading volume, so getting in and out is usually straightforward rather than a hunt for a counterparty.

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

FDTX Cheaper doors to the same theme exist. Index-based KOMP runs at 0.20%, well under this fund's 0.50%.
About 50 stocks in one technology theme is a narrow book. Expect sharper moves in both directions than a diversified fund delivers.
No third-party index is named in the mandate, so what counts as 'disruptive' is Fidelity's judgment rather than a published rulebook.fidelity.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 FDTX profile⁠

Full XT profile⁠

FDTX vs XT Holdings

How FDTX and XT differ

Overlap by weight

24.5%

Shared holdings make up 59.0% of FDTX and 26.1% of XT.

Level by level

Holdings19 in both24.5%
Sector10 Sectors53.8%
Countryby domicile84.2%
Asset classEquity100%

Sector

Sector weights in FDTX and XT, widest gap first
Sector	More in FDTXMore in XT	FDTX	XT
Technology	FDTX +40.6 points	83.8%	43.2%
Health Care	XT +27.4 points	0.0%	27.4%
Industrials	XT +7.9 points	0.5%	8.4%
Communication	FDTX +5.6 points	9.4%	3.8%
Financials	XT +4.2 points	0.0%	4.2%
Utilities	XT +4.1 points	0.0%	4.1%
Materials	XT +1.3 points	0.0%	1.3%
Consumer Discretionary	XT +1.3 points	6.3%	7.6%
Energy	Same weight	0.0%	0.0%
Real Estate	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in FDTX and XT, widest gap first
Country	More in FDTXMore in XT	FDTX	XT
Taiwan	FDTX +7.4 points	9.5%	2.1%
Canada	FDTX +5.7 points	5.7%	0.0%
United Kingdom	XT +3.7 points	0.0%	3.7%
Germany	XT +2.7 points	0.0%	2.7%
Switzerland	XT +2.0 points	1.1%	3.1%
France	XT +1.9 points	0.0%	1.9%
Spain	XT +1.5 points	0.0%	1.5%
Mexico	FDTX +1.3 points	1.3%	0.0%
Other countries (6)	XT +2.3 points	82.5%	84.8%

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

Concentration

Weight in the 10 largest Holdings

FDTX46.9%
XT36.5%

Securities held

FDTX41
XT193

Asset class

FDTX: Equity
XT: Equity

Holdings

Only in FDTX22
In both19
Only in XT174

Only in FDTX

22 securities, 41.0% of FDTX by weight

Taiwan Semic Mfg Co Ltd Sp Adr5.99%
Shopify Inc Class A (Us)4.67%
Datadog Inc Class A4.38%
Twilio Inc Class A3.83%
Media Tek Inc3.46%
Alphabet Inc Class C2.66%
Global-E Online Ltd2.13%
Coherent Corp1.82%
Apple Inc1.53%
Magnite Inc1.41%
Silicon Motion Tech Corp Adr1.32%
Flex Ltd1.31%
Be Semicond Indus NV (Neth)1.19%
Corning Inc1.09%
Garmin Ltd1.05%
Celestica Inc1.00%
Jfrog Ltd0.88%
Disco Corp0.67%
Bizlink Holding Inc0.34%
Securities Lending Cf0.23%
Montage Technology H0.06%
European Monetary Unit (Euro)<0.01%

Only in XT

174 securities, 73.6% of XT by weight

Eli Lilly4.61%
Texas Instrument4.61%
Tesla Inc4.40%
Johnson & Johnson3.09%
AbbVie2.47%
Taiwan Semiconductor Manufacturing1.82%
Broadcom Inc1.74%
Alphabet Class A1.74%
Merck & Co Inc1.71%
Roche Ps Par AG1.61%
Intuitive Surgical1.59%
Iberdrola1.49%
Novartis AG1.44%
S&P Global1.30%
Astrazeneca PLC1.30%
Amgen Inc1.18%
Cisco Systems Inc1.18%
Infineon Technologies AG1.16%
Murata Manufacturing1.15%
Nxp Semiconductors NV1.01%
Te Connectivity PLC1.01%
Gilead Sciences0.96%
Emerson Electric0.93%
Fortinet0.92%
Xiaomi0.88%
Bae Systems PLC0.83%
Pfizer0.82%
Northrop Grumman Corp0.82%
Enel0.81%
Danaher0.75%
Air Products and Chemicals0.70%
Vertex Pharmaceuticals0.66%
Ge Vernova0.61%
Sk Hynix0.61%
Bristol Myers Squibb0.60%
Rheinmetall AG0.58%
Novo Nordisk Class B0.58%
London Stock Exchange Group PLC0.55%
Engie SA0.49%
Renesas Electronics Corp0.48%
Rockwell Automation Inc0.48%
Glaxosmithkline0.47%
On Semiconductor Corp0.47%
Stmicroelectronics0.47%
Nasdaq Inc0.46%
Sanofi SA0.46%
Rwe AG0.43%
Samsung Sdi Ltd0.41%
Sse PLC0.41%
Eaton PLC0.40%

Weight gaps

All 19 Holdings in both funds, largest gap first.

Holding weights in FDTX and XT, widest gap first
Holding	More in FDTXMore in XT	FDTX	XT
Palantir Technologies IncPLTR	FDTX +5.29 points	5.78%	0.49%
Marvell Technology IncMRVL	FDTX +4.13 points	4.32%	0.19%
Advanced Micro Devices IncAMD	FDTX +3.37 points	4.32%	0.95%
Seagate Techn Holdings PLCSTX	FDTX +2.95 points	3.11%	0.16%
Western Digital CorpWDC	FDTX +2.74 points	2.88%	0.14%
Synopsys IncSNPS	FDTX +2.35 points	2.46%	0.11%
Meta Platforms Inc Class AMETA	FDTX +2.33 points	3.66%	1.33%
Advantest Corp	FDTX +1.95 points	2.12%	0.17%
Arista Networks IncANET	FDTX +1.80 points	2.00%	0.20%
Cloudflare IncNET	FDTX +1.48 points	2.54%	1.06%
Palo Alto Networks IncPANW	FDTX +1.33 points	4.80%	3.47%
Micron Technology IncMU	FDTX +1.21 points	2.25%	1.04%
Amazon.com IncAMZN	FDTX +1.04 points	3.56%	2.52%
Crowdstrike Holdings IncCRWD	XT +1.04 points	1.71%	2.75%
NVIDIA CorpNVDA	FDTX +0.94 points	4.52%	3.58%
Monolithic Power Sys IncMPWR	FDTX +0.80 points	0.96%	0.16%
Space Exploration Tech Corp ASPCX	FDTX +0.60 points	0.89%	0.29%
Analog Devices IncADI	XT +0.56 points	2.82%	3.38%
Microsoft CorpMSFT	FDTX +0.22 points	4.32%	4.09%

All 50 FDTX 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.

FDTX vs XT Cost

Overpaying FDTX vs XT

$749

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

FDTX 0.50%
$9,979
XT 0.46%
$9,230

Amount$10,000

Years30 years

Cost over time

FDTX 0.50%
XT 0.46%
Overpaying

Year by year

Year	FDTX	XT	Overpaying
10	$900	$830	$70
20	$3,460	$3,195	$265
30	$9,979	$9,230	$749

Expense ratio

0.50%FDTX
0.46%XT, cheaper

XT0.46%FDTX0.50%

0.20%0.90%

Middle half of Disruptive Innovation funds
Median 0.65%

XT 3rd cheapest of 30 funds

FDTX 6th cheapest of 30 funds

FDTX vs XT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FDTX 0.00%; XT 6.82%, better
Payout (12M): FDTX None; XT $5.69
Last payment: FDTX No data; XT $0.36
Ex-dividend: FDTX No data; XT Jun 15, 2026
Paid on: FDTX No data; XT Jun 18, 2026
Frequency: FDTX No data; XT Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

FDTX1 paymentAll FDTX payments⁠

XTTwice a year · 23 paymentsAll XT payments⁠

FDTX vs XT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FDTX 27.9%XT 16.5%, better
Return per unit of riskSharpe ratio, 3 years: FDTX 0.94XT 1.08, better
Worst fallMax drawdown, 5 years: FDTX −27.2%since Jun 2023XT −34.4%
Market sensitivityBeta, 5 years: FDTX 1.70XT 1.35; Market = 1

FDTX and XT in the news

All news⁠

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

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FDTX vs XT

In short

Stated mandate

Why people hold it

Worth knowing

How FDTX and XT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FDTX

Only in XT

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Disruptive innovation ETFs share a label, not a portfolio

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

How FDTX and XT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FDTX

Only in XT

Weight gaps