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FWD vs KOMP

AB Disruptors ETF

FWDBNYSE Arca

State Street SPDR S&P Kensho New Economies Composite ETF

KOMPANYSE Arca

Overlap

Expense ratio

KOMP −0.45pt a year

FWD0.65%KOMP0.20%

Avg volume · 30D

FWD 3.1×the volume

FWD214KKOMP70K

3Y return · a year

FWD +12.9pt

FWD+33.6%KOMP+20.7%

FWD vs KOMP Performance

Oct 31, 2025 – Oct 30, 2026

+8.4%FWD−1.6%KOMP

Oct 31, 2025 to Oct 30, 2026. FWD +8.4%. KOMP −1.6%. Use the arrow keys to read each point.−10%20%30%Oct 2025Apr 2026Oct 2026
Expense ratio
FWD 0.65%
KOMP 0.20%, better
Fund size
FWD $3.28B
KOMP $2.57B
1Y total return
FWD +8.4%, better
KOMP −1.6%
Yield (12M)
FWD 0.10%
KOMP 1.63%, better
Holdings
FWD 130
KOMP 501
Avg volume (30D)
FWD 214K sh, better
KOMP 70K sh
NAV per share
FWD $118.75
KOMP $64.63
52W range

ETF.net Grade

FWD: Cost 53, Risk 52, Mission not scored, Tradability 65, Holdings 70, Durability 64. KOMP: Cost 100, Risk 55, Mission not scored, Tradability 77, Holdings 88, Durability 88.
Pillar letters and Scores for FWD, KOMP, with each pillar’s weight
PillarFWDKOMP
Cost30% weightC53A100Higher
Mission25% weightNot scoredNot scored
Risk15% weightC52B55Higher
Tradability15% weightB65A77Higher
Holdings10% weightA70A88Higher
Durability5% weightB64A88Higher

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. FWD and KOMP 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 ›

KOMP ranks 2nd and FWD 10th 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 3ATRFMAAM Transformers ETFScore 74
  4. Rank 9BFRWDNomura Transformational Technologies ETFScore 59
  5. Rank 10BFWDAB Disruptors ETFScore 58
  6. Rank 10BINVNAlger Russell Innovation ETFScore 58

Our read on each fund

ETF.net Research

FWDBAB Disruptors ETF

KOMPAState Street SPDR S&P Kensho New Economies Composite ETF

In short

FWD Most disruption ETFs hand the job to an index. FWD hands it to a stock-picking team with a go-anywhere mandate: any sector, any geography, roughly 120 companies AllianceBernstein believes are positioned to upend their industries.

KOMP Most thematic funds bet on one idea. KOMP buys the whole Fourth Industrial Revolution: 20-plus Kensho subsectors, from robotics to genetic engineering, spread across roughly 500 global stocks for 0.20% a year.

Stated mandate

FWD The fund is actively managed and seeks long-term capital growth by investing across sectors and geographies in innovative companies positioned to disrupt their industries.

KOMP The Fund seeks investment results that generally correspond, before fees and expenses, to the total return performance of the S&P Kensho New Economies Composite Index.

Why people hold it

  • FWD Actively managed and genuinely global. It can own disruptors in any sector or industry, not just the usual tech-and-biotech slice most thematic funds fish in.alliancebernstein.comgcs-web.com
  • 0.65% sits right at the median for disruptive-innovation funds, and here that fee buys live stock picking rather than an index license.alliancebernstein.com
  • About 120 holdings spreads the bet wider than the most concentrated innovation funds, so no single moonshot runs the show.
  • Launched in 2023 and now a billion-dollar-plus fund, it is among the easier names in its theme to get into and out of at tight spreads.
  • KOMP 0.20% a year, under a third of the typical disruptive-innovation fund's fee and below peers like XT (0.46%) and TRFM (0.49%).
  • Kensho's language-processing engine scans regulatory filings for context and keywords, so membership rests on what a company discloses it does, not an old sector label.ssga.comspglobal.com
  • About 500 global names across 20-plus subsectors, equal weighted within each group with extra weight to 'core' operators. One mega-cap can't run the show.spglobal.com
  • Trading since 2018 and now a multi-billion-dollar fund, it sits among the strongest implementations in the disruptive-innovation group.

Worth knowing

  • FWD No index to grade it against. The mandate is discretionary, so what you own rides on the manager's judgment rather than a published rulebook.alliancebernstein.com
  • Cheaper routes to the theme exist. Index-run peers KOMP (0.20%) and XT (0.46%) cover innovation for a fraction of the fee.
  • Built for growth, not income: distributions come at most once or twice a year, and disruptive names tend to swing harder than a broad global index.
  • KOMP Equal weighting reaches down into smaller, earlier-stage innovators, so swings run wider than a plain broad-market index fund.spglobal.com
  • Subsector weights follow a risk-adjusted-return formula with annual reconstitution, so the mix drifts toward industries that have recently performed well.ssga.comspglobal.com
  • Breadth cuts both ways: a pure play on one theme like AI or space gets diluted here across the entire innovation map.spglobal.com

Full FWD profile⁠

Full KOMP profile⁠

FWD vs KOMP 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.

FWD vs KOMP Cost

Overpaying FWD vs KOMP

$8,562

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

  • FWD 0.65%

    $12,717

  • KOMP 0.20%

    $4,155

$10,000
30 years

Cost over time

  • FWD 0.65%
  • KOMP 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530FWD $12,717KOMP $4,155

Year by year

YearFWDKOMPOverpaying
10$1,163$365$798
20$4,440$1,421$3,019
30$12,717$4,155$8,562

Expense ratio

  • 0.65%FWD
  • 0.20%KOMP, cheaper
  • Middle half of Disruptive Innovation funds
  • Median 0.65%

KOMP cheapest of 30 funds

FWD 12th cheapest of 30 funds

FWD vs KOMP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FWD 0.10%
KOMP 1.63%, better
Payout (12M)
FWD $0.11
KOMP $1.02
Last payment
FWD $0.11
KOMP $0.13
Ex-dividend
FWD Dec 17, 2025
KOMP Sep 21, 2026
Paid on
FWD Dec 18, 2025
KOMP Sep 23, 2026
Frequency
FWD Twice a year
KOMP Quarterly

Distribution history

Per share, 2018 to 2026, same scale for both

FWDTwice a year · 3 paymentsAll FWD payments⁠
One bar per payment. 3 payments from 2018 to 2026 YTD. Dec 17, 2024 $1.50; Jul 22, 2025 $0.0057; Dec 17, 2025 $0.11. Use the arrow keys to read each point.$0$1202020232026YTD
KOMPQuarterly · 33 paymentsAll KOMP payments⁠
One bar per payment. 33 payments from 2018 to 2026 YTD. Dec 24, 2018 $0.04; Mar 18, 2019 $0.05; Jun 24, 2019 $0.03; Sep 23, 2019 $0.05; Dec 23, 2019 $0.11; Dec 30, 2019 $0.05; Mar 23, 2020 $0.06; Jun 22, 2020 $0.06; Sep 21, 2020 $0.07; Dec 21, 2020 $0.20; Mar 22, 2021 $0.22; Jun 21, 2021 $0.14; Sep 20, 2021 $0.13; Dec 20, 2021 $0.36; Mar 21, 2022 $0.08; Jun 21, 2022 $0.17; Sep 19, 2022 $0.17; Dec 19, 2022 $0.15; Mar 20, 2023 $0.10; Jun 20, 2023 $0.15; Sep 18, 2023 $0.12; Dec 18, 2023 $0.22; Mar 18, 2024 $0.08; Jun 24, 2024 $0.16; Sep 23, 2024 $0.10; Dec 23, 2024 $0.19; Mar 24, 2025 $0.12; Jun 23, 2025 $0.12; Sep 22, 2025 $0.14; Dec 22, 2025 $0.72; Mar 23, 2026 $0.07; Jun 22, 2026 $0.10; Sep 21, 2026 $0.13. Use the arrow keys to read each point.$0$1202020232026YTD

FWD vs KOMP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FWD 25.2%KOMP 22.3%, better
Return per unit of riskSharpe ratio, 3 years
FWD 1.11, betterKOMP 0.76
Worst fallMax drawdown, 5 years
FWD −29.0%since Mar 2023KOMP −45.4%
Market sensitivityBeta, 5 years
FWD 1.60KOMP 1.65

FWD and KOMP in the news

All news⁠

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