GGRW vs KOMP

GGRWDGabelli Growth Innovators ETF

KOMPAState Street SPDR S&P Kensho New Economies Composite ETF

In short

GGRW A rare bird in innovation land: Gabelli's value instincts aimed at the digital economy, wrapped in a non-transparent ETF that keeps its stock picks off the daily tape. Real choices, where most peers in the theme just track an index.

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

GGRW The Fund seeks capital appreciation by investing primarily in common stocks relevant to innovation, defined as new technologies, products, or services that change how businesses operate. It targets companies whose earnings-growth prospects are undervalued.

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

• GGRW Actual stock picking, not index following: the mandate targets innovation companies whose earnings-growth prospects the manager judges undervalued. A value shop's take on growth.gabelli.com
• Built on the ActiveShares model: no daily holdings file, just a verified intraday value (VIIV) published every second, which keeps other traders from shadowing the manager's moves.gabelli.com
• Does what the label says. The portfolio has stayed tight to its stated innovation mandate, with a risk profile on the calmer end of a famously jumpy category.

• 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

• GGRW The active, hidden-book approach carries an active price tag: 0.90% a year, above the typical innovation fund, while index-based peers like KOMP (0.20%) charge a sliver of that.
• The prospectus names the trade-off of secrecy: shares may trade at wider bid/ask spreads than ETFs that publish holdings daily, especially in volatile markets.gabelli.com
• A small, thinly traded fund, so the cost of getting in and out runs higher than in the category's household names.

• 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 GGRW profile⁠

Full KOMP profile⁠