GINN vs XT: Grades, Fees and Holdings Compared

Goldman Sachs Innovate Equity ETF

GINNANYSE Arca

iShares Future Exponential Technologies ETF

XTANasdaq

Overlap

31.3%by weight

Expense ratio

XT −0.04pt a year

GINN0.50%XT0.46%

Avg volume · 30D

XT 9.6×the volume

GINN7.17KXT69.1K

5Y return · a year

XT +1.7pt

GINN+5.6%XT+7.3%

GINN vs XT Performance

Oct 29, 2021 – Oct 30, 2026

+31.2%GINN+42.3%XT

Expense ratio: GINN 0.50%; XT 0.46%, better
Fund size: GINN $178M; XT $3.98B
1Y total return: GINN +6.2%; XT +20.1%, better
Yield (12M): GINN 1.16%; XT 6.82%, better
Holdings: GINN 478; XT 216
Avg volume (30D): GINN 7.17K sh; XT 69.1K sh, better
NAV per share: GINN $81.12; XT $83.53
52W range

ETF.net Grade

Pillar letters and Scores for GINN, XT, with each pillar’s weight
Pillar	GINN	XT
Cost30% weight	A81	A95Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	A83	A91Higher
Tradability15% weight	D35	A77Higher
Holdings10% weight	A81Higher	B66
Durability5% weight	B61	A96Higher

Rank among Disruptive Innovation funds

How we build Categories ›

Same Category. GINN 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 GINN 5th 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 4AXITKState Street SPDR FactSet Innovative Technology ETFScore 73
Rank 5AGINNGoldman Sachs Innovate Equity ETFScore 70
Rank 6BDTECALPS Disruptive Technologies ETFScore 65

Our read on each fund

ETF.net Research

GINNAGoldman Sachs Innovate Equity ETF

XTAiShares Future Exponential Technologies ETF

In short

GINN Five Goldman thematic ETFs walked in; one walked out. GINN bundles data, finance, health, manufacturing and consumer innovation into a single equal-weighted global basket of roughly 500 stocks, all for 0.50% a year.

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

GINN The Fund seeks to track the Solactive Innovative Global Equity Index, gaining exposure to companies that may benefit from technological innovation across five themes shaping the economy.

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

GINN Weight is split equally across five innovation themes: data-driven world, finance reimagined, human evolution, manufacturing revolution and new age consumer. No single fad steers the fund.solactive.com
Roughly 500 names reaching across sectors, geographies and market caps, so innovation shows up as a broad global basket rather than a concentrated bet on a dozen US mega caps.gsam.com
Born in November 2020 from the merger of five separate Goldman theme funds, so one 0.50% expense ratio covers ground that once took five tickers.nasdaq.com

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

GINN Thinly traded and modest in size next to giant index funds, so bid-ask spreads can widen. Limit orders are the usual defense.
A global innovation tilt has moved with bigger swings than a plain world index; these are companies valued largely on what comes next.
Cash comes back once or twice a year, not monthly. The mandate is thematic growth exposure, not income.

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 GINN profile⁠

Full XT profile⁠

GINN vs XT Holdings

How GINN and XT differ

Overlap by weight

31.3%

Shared holdings make up 64.6% of XT and 36.0% of GINN.

Level by level

Holdings76 in both31.3%
Sector11 Sectors76.5%
Countryby domicile90.2%
Asset classEquity100%

Sector

Sector weights in GINN and XT, widest gap first
Sector	More in GINNMore in XT	GINN	XT
Technology	XT +11.2 points	32.0%	43.2%
Financials	GINN +7.6 points	11.8%	4.2%
Communication	GINN +7.3 points	11.1%	3.8%
Health Care	XT +5.5 points	21.9%	27.4%
Consumer Discretionary	GINN +5.1 points	12.7%	7.6%
Industrials	XT +3.2 points	5.2%	8.4%
Utilities	XT +2.4 points	1.7%	4.1%
Consumer Staples	GINN +1.8 points	1.8%	0.0%
Materials	XT +1.3 points	0.0%	1.3%
Energy	GINN +1.2 points	1.2%	0.0%
Real Estate	GINN +0.6 points	0.6%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in GINN and XT, widest gap first
Country	More in GINNMore in XT	GINN	XT
China	GINN +3.3 points	5.8%	2.5%
United Kingdom	XT +1.8 points	1.9%	3.7%
Canada	GINN +1.8 points	1.8%	0.0%
Spain	XT +1.5 points	0.0%	1.5%
United States	XT +1.4 points	75.5%	76.9%
Switzerland	XT +1.2 points	1.9%	3.1%
Taiwan	XT +1.1 points	1.0%	2.1%
Italy	XT +1.1 points	0.0%	1.1%
Other countries (19)	GINN +3.2 points	12.2%	9.0%

Outside the US: GINN 62% developed, 38% emerging. XT 74% developed, 26% emerging.

Concentration

Weight in the 10 largest Holdings

GINN16.2%
XT36.5%

Securities held

GINN473
XT193

Asset class

GINN: Equity
XT: Equity

Holdings

Only in GINN397
In both76
Only in XT117

Only in GINN

397 securities, 63.7% of GINN by weight

Apple Inc.2.27%
Intel Corporation1.18%
Visa Inc.0.89%
Mastercard Incorporated0.81%
Shopify Inc.0.81%
Walmart Inc0.77%
Taiwan Semiconductor Mfg Ads-Adr0.77%
Mercadolibre, Inc.0.62%
Goldman Sachs Group, Inc.(The)0.57%
Abbott Laboratories0.54%
Medtronic Public Limited Company0.53%
Lockheed Martin Corporation0.52%
BlackRock Funding, Inc.0.52%
Toyota Motor Corporation0.49%
Totalenergies SE0.49%
Morgan Stanley0.49%
Block, Inc.0.47%
Walt Disney Company (The)0.46%
Prosus N.v.0.46%
Netflix, Inc.0.45%
Intercontinental Exchange Inc0.42%
Strategy Inc0.41%
Qualcomm Inc0.41%
Novo-Nordisk A/S Adr-Adr0.41%
Sea Limited-Adr0.41%
Teradyne Inc0.39%
General Motors Company0.38%
Kkr & Co. Inc.0.37%
Salesforce Inc0.37%
Sony Group Corporation0.37%
Blackstone Group Inc/The0.36%
Stryker Corporation0.36%
Sap SE0.34%
Resmed Inc.0.34%
Equinor Asa-Adr0.33%
PayPal Holdings, Inc.0.33%
Msci Inc.0.33%
Enbridge Inc.0.33%
Abb Ltd0.33%
American Express Co.0.32%
Natera, Inc.0.31%
Ford Motor Company0.31%
Nextera Energy, Inc.0.31%
Apollo Global Management Inc0.31%
Netease, Inc.0.29%
Ge Healthcare Technologies Inc.0.29%
Charles Schwab Corporation0.29%
Interactive Brokers Group, Inc.0.29%
Hewlett Packard Enterprise Co0.28%
Autodesk, Inc.0.28%

Only in XT

117 securities, 35.1% of XT by weight

Texas Instrument4.61%
Analog Devices3.38%
Taiwan Semiconductor Manufacturing1.82%
Iberdrola1.49%
Infineon Technologies AG1.16%
Murata Manufacturing1.15%
Nxp Semiconductors NV1.01%
Te Connectivity PLC1.01%
Emerson Electric0.93%
Xiaomi0.88%
Bae Systems PLC0.83%
Northrop Grumman Corp0.82%
Enel0.81%
Air Products and Chemicals0.70%
Ge Vernova0.61%
Sk Hynix0.61%
Rheinmetall AG0.58%
Novo Nordisk Class B0.58%
London Stock Exchange Group PLC0.55%
Renesas Electronics Corp0.48%
Rockwell Automation Inc0.48%
On Semiconductor Corp0.47%
Stmicroelectronics0.47%
Nasdaq Inc0.46%
Samsung Sdi Ltd0.41%
Eaton PLC0.40%
Block Class A0.40%
Takeda Pharmaceutical0.30%
Space Exploration Technologies Cor0.29%
Saab Class B0.27%
Vestas Wind Systems0.27%
Delta Electronics0.24%
Leonardo Finmeccanica Spa0.23%
Waters Corp0.23%
Broadridge Financial Solutions Inc0.21%
Hubbell Inc0.21%
Lg Energy Solution Ltd0.21%
Singapore Technologies Engineering0.20%
Amphenol Corp Class A0.20%
Albemarle Corp0.19%
Fair Isaac0.18%
Kongsberg Gruppen0.17%
Advantest0.17%
Accenture PLC Class A0.16%
Seagate Technology Holdings PLC0.16%
Monolithic Power Systems Inc0.16%
Schneider Electric0.16%
Lincoln Electric Holdings0.15%
Edp Energias De Portugal0.15%
Contemporary Amperex Technology Class0.14%

Weight gaps

All 76 Holdings in both funds, largest gap first.

Holding weights in GINN and XT, widest gap first
Holding	More in GINNMore in XT	GINN	XT
Eli Lilly & CoLLY	XT +3.49 points	1.12%	4.61%
Tesla Inc.TSLA	XT +3.04 points	1.35%	4.40%
Palo Alto Networks Inc.PANW	XT +3.03 points	0.44%	3.47%
Crowdstrike Holdings, Inc.CRWD	XT +2.27 points	0.48%	2.75%
Johnson & JohnsonJNJ	XT +2.20 points	0.89%	3.09%
Microsoft CorporationMSFT	XT +1.94 points	2.16%	4.09%
AbbVie Inc.ABBV	XT +1.73 points	0.74%	2.47%
NVIDIA CorporationNVDA	XT +1.63 points	1.95%	3.58%
Intuitive Surgical, Inc.ISRG	XT +1.08 points	0.51%	1.59%
Broadcom Inc.AVGO	XT +1.07 points	0.67%	1.74%
Merck & Co., Inc.MRK	XT +1.06 points	0.65%	1.71%
Roche Holding AG	XT +0.93 points	0.68%	1.61%
S&P Global Inc.SPGI	XT +0.88 points	0.42%	1.30%
Cloudflare, Inc.NET	XT +0.83 points	0.23%	1.06%
Novartis AG Shs	XT +0.79 points	0.65%	1.44%
Astrazeneca PLC OrdAZN.L	XT +0.75 points	0.55%	1.30%
Cisco Systems, Inc.CSCO	XT +0.71 points	0.47%	1.18%
Amazon.com IncAMZN	XT +0.71 points	1.81%	2.52%
Fortinet, Inc.FTNT	XT +0.67 points	0.25%	0.92%
Tencent Holdings Limited	GINN +0.67 points	0.99%	0.32%
Moderna, Inc.MRNA	GINN +0.65 points	1.02%	0.37%
Amgen Inc.AMGN	XT +0.64 points	0.54%	1.18%
Micron Technology, Inc.MU	XT +0.56 points	0.48%	1.04%
Alibaba Group Holding Limited	GINN +0.47 points	0.72%	0.25%
Danaher CorporationDHR	XT +0.42 points	0.33%	0.75%
Gilead SciencesGILD	XT +0.43 points	0.53%	0.96%
Meta Platforms Inc-Class AMETA	GINN +0.37 points	1.70%	1.33%
Baidu, Inc.	GINN +0.29 points	0.31%	0.02%
Engie	XT +0.26 points	0.23%	0.49%
Illumina, IncILMN	GINN +0.24 points	0.45%	0.21%
Advanced Micro Devices Inc.AMD	XT +0.25 points	0.70%	0.95%
Pfizer Inc.PFE	XT +0.24 points	0.58%	0.82%
Bristol-Myers Squibb CompanyBMY	XT +0.20 points	0.40%	0.60%
Biontech Se-AdrBNTX	GINN +0.19 points	0.24%	0.05%
Rwe AG	XT +0.19 points	0.24%	0.43%
Guardant Health, Inc.GH	GINN +0.18 points	0.29%	0.11%
Intl Business Machines CorpIBM	GINN +0.18 points	0.43%	0.25%
Gsk PLCGSK.L	XT +0.17 points	0.30%	0.47%
Biogen Inc.BIIB	GINN +0.16 points	0.33%	0.17%
Fanuc Corp.	XT +0.15 points	0.16%	0.31%
Crispr Therapeutics AGCRSP	GINN +0.15 points	0.17%	0.02%
Marvell Technology, Inc.MRVL	GINN +0.14 points	0.33%	0.19%
Sse PLCSSE.L	XT +0.14 points	0.27%	0.41%
Snowflake Inc.SNOW	GINN +0.15 points	0.26%	0.11%
Vertex Pharmaceuticals IncorporatedVRTX	XT +0.14 points	0.52%	0.66%
Thales	XT +0.13 points	0.13%	0.26%
Okta, Inc.OKTA	XT +0.12 points	0.25%	0.37%
Adyen N.v.	XT +0.11 points	0.16%	0.27%
Sanofi	XT +0.11 points	0.35%	0.46%
Arista Networks, Inc.ANET	GINN +0.11 points	0.31%	0.20%
Revvity IncRVTY	GINN +0.10 points	0.19%	0.09%
Alphabet Inc.GOOGL	XT +0.11 points	1.63%	1.74%
Tradeweb Markets IncTW	GINN +0.08 points	0.22%	0.14%
Tal Ed Group-AdrTAL	GINN +0.09 points	0.09%	<0.01%
Oracle CorporationORCL	GINN +0.08 points	0.31%	0.23%
Epam Systems, Inc.EPAM	GINN +0.06 points	0.08%	0.02%
Factset Research Systems IncFDS	GINN +0.06 points	0.18%	0.12%
Gen Digital IncGEN	XT +0.06 points	0.09%	0.15%
Brookfield Renewable Corp New	GINN +0.05 points	0.09%	0.04%
Xpeng Inc.	GINN +0.04 points	0.14%	0.10%
Macquarie Telecom Group Limited	GINN +0.05 points	0.05%	<0.01%
Cadence Design Systems IncCDNS	GINN +0.05 points	0.16%	0.11%
Li Auto Inc.	GINN +0.05 points	0.14%	0.09%
Sentinelone IncS	GINN +0.04 points	0.13%	0.09%
Coinbase Global, Inc.COIN	XT +0.04 points	0.31%	0.35%
Palantir Technologies Inc.PLTR	XT +0.04 points	0.45%	0.49%
Zscaler, Inc.ZS	XT +0.04 points	0.24%	0.28%
Nio Inc.	GINN +0.03 points	0.13%	0.10%
Regeneron Pharmaceutical IncREGN	GINN +0.02 points	0.40%	0.38%
Rakuten Group, Inc.	GINN +0.03 points	0.09%	0.06%
Akamai Technologies, Inc.AKAM	XT +0.02 points	0.12%	0.14%
Yaskawa Electric Corporation	GINN +0.02 points	0.09%	0.07%
Agilent Technologies, Inc.A	GINN +0.01 points	0.26%	0.25%
First Solar, Inc.FSLR	Same weight	0.17%	0.17%
Siemens Energy AG	XT +0.01 points	0.31%	0.32%
Sofi Technologies, Inc.SOFI	Same weight	0.21%	0.21%

All 473 GINN 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.

GINN vs XT Cost

Overpaying GINN vs XT

$749

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

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

Amount$10,000

Years30 years

Cost over time

GINN 0.50%
XT 0.46%
Overpaying

Year by year

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

Expense ratio

0.50%GINN
0.46%XT, cheaper

XT0.46%GINN0.50%

0.20%0.90%

Middle half of Disruptive Innovation funds
Median 0.65%

XT 3rd cheapest of 30 funds

GINN 6th cheapest of 30 funds

GINN vs XT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): GINN 1.16%; XT 6.82%, better
Payout (12M): GINN $0.92; XT $5.69
Last payment: GINN $0.92; XT $0.36
Ex-dividend: GINN Dec 23, 2025; XT Jun 15, 2026
Paid on: GINN Dec 30, 2025; XT Jun 18, 2026
Frequency: GINN Annual; XT Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

GINNAnnual · 12 paymentsAll GINN payments⁠

XTTwice a year · 23 paymentsAll XT payments⁠

GINN vs XT Risk

Fall from peak · 5 years

GINN
XT

Risk facts

VolatilityStd dev, 3 years: GINN 15.1%, betterXT 16.5%
Return per unit of riskSharpe ratio, 3 years: GINN 1.16, betterXT 1.08
Worst fallMax drawdown, 5 years: GINN −41.3%XT −34.4%, better
Market sensitivityBeta, 5 years: GINN 1.16XT 1.35; Market = 1

GINN and XT in the news

All news⁠

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

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