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FWD vs XITK

AB Disruptors ETF

FWDBNYSE Arca

State Street SPDR FactSet Innovative Technology ETF

XITKANYSE Arca

Overlap

Expense ratio

XITK −0.20pt a year

FWD0.65%XITK0.45%

Avg volume · 30D

FWD 99.7×the volume

FWD214KXITK2.15K

3Y return · a year

FWD +14.8pt

FWD+33.6%XITK+18.8%

FWD vs XITK Performance

Oct 31, 2025 – Oct 30, 2026

+8.4%FWD+0.6%XITK

Oct 31, 2025 to Oct 30, 2026. FWD +8.4%. XITK +0.6%. Use the arrow keys to read each point.−20%−10%20%30%Oct 2025Apr 2026Oct 2026
Expense ratio
FWD 0.65%
XITK 0.45%, better
Fund size
FWD $3.28B
XITK $67M
1Y total return
FWD +8.4%, better
XITK +0.6%
Yield (12M)
FWD 0.10%, better
XITK 0.00%
Holdings
FWD 130
XITK 95
Avg volume (30D)
FWD 214K sh, better
XITK 2.15K sh
NAV per share
FWD $118.75
XITK $197.42
52W range

ETF.net Grade

FWD: Cost 53, Risk 52, Mission not scored, Tradability 65, Holdings 70, Durability 64. XITK: Cost 95, Risk 37, Mission not scored, Tradability 65, Holdings 81, Durability 73.
Pillar letters and Scores for FWD, XITK, with each pillar’s weight
PillarFWDXITK
Cost30% weightC53A95Higher
Mission25% weightNot scoredNot scored
Risk15% weightC52HigherD37
Tradability15% weightB65B65
Holdings10% weightA70A81Higher
Durability5% weightB64A73Higher

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 XITK 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 ›

XITK ranks 4th 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 4AXITKState Street SPDR FactSet Innovative Technology ETFScore 73
  5. Rank 5AGINNGoldman Sachs Innovate Equity ETFScore 70
  6. Rank 9BFRWDNomura Transformational Technologies ETFScore 59
  7. Rank 10BFWDAB Disruptors ETFScore 58
  8. Rank 10BINVNAlger Russell Innovation ETFScore 58

Our read on each fund

ETF.net Research

FWDBAB Disruptors ETF

XITKAState Street SPDR FactSet Innovative Technology 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.

XITK Most innovation funds pick a theme and hope. XITK lets the data pick: FactSet ranks tech and electronic-media segments by growth, keeps the top quartile, then equal-weights roughly 100 names so no single giant runs the show.

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.

XITK The fund seeks to track the total return of the FactSet Innovative Technology Index before fees and expenses. Its mandate targets innovative technology-related companies with robust revenue growth and leading-edge products or services.

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.
  • XITK Costs 0.45% a year, comfortably under the 0.65% median for disruptive-innovation funds, and it does it inside a plain index wrapper from a major ETF shop.
  • Equal weighting at each reset gives the hundredth holding the same slot as the first, so results lean on the whole basket rather than two or three mega-caps.factset.com
  • Screens segments, not slogans: only companies drawing most of their revenue from the fastest-growing corners of tech and electronic media make the cut.factset.comssga.com
  • Trading since 2016, giving it a live record across several tech cycles, and it sits in the upper tier of our innovation-fund cohort review.

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.
  • XITK Growth-screened tech, equal-weighted, means smaller names carry a giant's weight. Expect a rougher ride than a cap-weighted tech fund.
  • Thinly traded for its category and modest in size, so bid-ask spreads can run wider than the household-name tech ETFs.
  • Cheaper shelfmates exist: KOMP runs a broad new-economy basket for 0.20%.

Full FWD profile⁠

Full XITK profile⁠

FWD vs XITK 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 XITK Cost

Overpaying FWD vs XITK

$3,676

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

  • FWD 0.65%

    $12,717

  • XITK 0.45%

    $9,041

$10,000
30 years

Cost over time

  • FWD 0.65%
  • XITK 0.45%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530FWD $12,717XITK $9,041

Year by year

YearFWDXITKOverpaying
10$1,163$812$351
20$4,440$3,128$1,312
30$12,717$9,041$3,676

Expense ratio

  • 0.65%FWD
  • 0.45%XITK, cheaper
  • Middle half of Disruptive Innovation funds
  • Median 0.65%

XITK 2nd cheapest of 30 funds

FWD 12th cheapest of 30 funds

FWD vs XITK Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FWD 0.10%, better
XITK 0.00%
Payout (12M)
FWD $0.11
XITK None
Last payment
FWD $0.11
XITK No data
Ex-dividend
FWD Dec 17, 2025
XITK No data
Paid on
FWD Dec 18, 2025
XITK No data
Frequency
FWD Twice a year
XITK No data

Distribution history

Per share, 2017 to 2026, same scale for both

FWDTwice a year · 3 paymentsAll FWD payments⁠
One bar per payment. 3 payments from 2017 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$12017202020232026YTD
XITK9 paymentsAll XITK payments⁠
One bar per payment. 9 payments from 2017 to 2026 YTD. Dec 15, 2017 $1.36; Dec 24, 2018 $1.24; Dec 23, 2019 $0.16; Dec 21, 2020 $0.13; Jun 21, 2022 $0.06; Sep 19, 2022 $0.05; Jun 20, 2023 $0.0071; Sep 18, 2023 $0.0094; Dec 18, 2023 $0.10. Use the arrow keys to read each point.$0$12017202020232026YTD

FWD vs XITK 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%, betterXITK 25.4%
Return per unit of riskSharpe ratio, 3 years
FWD 1.11, betterXITK 0.63
Worst fallMax drawdown, 5 years
FWD −29.0%since Mar 2023XITK −61.4%
Market sensitivityBeta, 5 years
FWD 1.60XITK 1.67

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