ILDR vs XITK: Grades, Fees and Holdings Compared

First Trust Innovation Leaders ETF

ILDRCNYSE Arca

State Street SPDR FactSet Innovative Technology ETF

XITKANYSE Arca

Overlap

14.1%by weight

Expense ratio

XITK −0.30pt a year

ILDR0.75%XITK0.45%

Avg volume · 30D

ILDR 24.9×the volume

ILDR53.6KXITK2.15K

5Y return · a year

ILDR +13.5pt

ILDR+9.7%XITK−3.8%

ILDR vs XITK Performance

Oct 29, 2021 – Oct 30, 2026

+58.6%ILDR−17.4%XITK

Expense ratio: ILDR 0.75%; XITK 0.45%, better
Fund size: ILDR $335M; XITK $67M
1Y total return: ILDR +4.8%, better; XITK +0.6%
Yield (12M): ILDR 0.00%; XITK 0.00%
Holdings: ILDR 82; XITK 95
Avg volume (30D): ILDR 53.6K sh, better; XITK 2.15K sh
NAV per share: ILDR $36.05; XITK $197.42
52W range

ETF.net Grade

Pillar letters and Scores for ILDR, XITK, with each pillar’s weight
Pillar	ILDR	XITK
Cost30% weight	F22	A95Higher
Mission25% weight	A86	Not scored
Risk15% weight	B62Higher	D37
Tradability15% weight	C52	B65Higher
Holdings10% weight	B64	A81Higher
Durability5% weight	B68	A73Higher

Rank among Disruptive Innovation funds

How we build Categories ›

Same Category. ILDR 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 ILDR 16th 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 3ATRFMAAM Transformers ETFScore 74
Rank 4AXITKState Street SPDR FactSet Innovative Technology ETFScore 73
Rank 5AGINNGoldman Sachs Innovate Equity ETFScore 70
Rank 15CGXDWGlobal X Dorsey Wright Thematic ETFScore 48
Rank 16CILDRFirst Trust Innovation Leaders ETFScore 44
Rank 16CTECHarbor Transformative Technologies ETF (TEC)Score 44

Our read on each fund

ETF.net Research

ILDRCFirst Trust Innovation Leaders ETF

XITKAState Street SPDR FactSet Innovative Technology ETF

In short

ILDR Most innovation ETFs hand the job to an index. ILDR hands it to First Trust's own managers, who pick roughly 60 US and non-US names across seven innovation themes, from advanced medicine to the energy revolution.

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

ILDR The Fund seeks capital appreciation and normally invests at least 80% of its assets in U.S. and non-U.S. companies that may benefit from scientific and technological innovation, including automation, advanced medicine, networks, advanced computing, enhanced mobility, the energy revolution, and e-commerce.

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

ILDR No index to hide behind. The managers pick the roughly 60 holdings themselves, so the lineup can shift as themes like automation and advanced computing evolve.stockanalysis.com
It stays on brief: at least 80% of assets must sit in companies tied to scientific and technological innovation, and the portfolio closely reflects that mandate.ftportfolios.com
Trading since 2021, with a mid-sized asset base and moderate volume, so it sidesteps the wide spreads common to thin thematic funds.
Lands in the upper half of its disruptive-innovation peer group, a crowded shelf where plenty of funds promise the same themes.

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.com ssga.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

ILDR At 0.75% a year it sits above the 0.65% peer median and well above index-based rivals like KOMP at 0.20%. Active stock-picking is what the premium buys.
Concentrated by design: about 60 names, tech-heavy, non-diversified. Single-stock and single-theme swings land harder here than in a broad market fund.aaii.com
Built for capital appreciation, not income. Payouts are not part of the mandate.

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 ILDR profile⁠

Full XITK profile⁠

ILDR vs XITK Holdings

How ILDR and XITK differ

Overlap by weight

14.1%

Shared holdings make up 32.8% of ILDR and 16.0% of XITK.

Level by level

Holdings14 in both14.1%
Sector10 Sectors68.2%
Countryby domicile87.4%
Asset classEquity100%

Sector

Sector weights in ILDR and XITK, widest gap first
Sector	More in ILDRMore in XITK	ILDR	XITK
Technology	XITK +28.8 points	53.2%	82.0%
Industrials	ILDR +10.2 points	11.5%	1.3%
Health Care	ILDR +9.1 points	13.3%	4.2%
Consumer Discretionary	ILDR +7.4 points	8.6%	1.2%
Communication	XITK +2.6 points	7.4%	10.0%
Utilities	ILDR +2.3 points	2.3%	0.0%
Financials	ILDR +1.5 points	2.4%	0.9%
Energy	ILDR +0.9 points	0.9%	0.0%
Real Estate	XITK +0.4 points	0.0%	0.4%
Materials	ILDR +0.4 points	0.4%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in ILDR and XITK, widest gap first
Country	More in ILDRMore in XITK	ILDR	XITK
United States	XITK +8.1 points	86.9%	95.0%
China	XITK +3.6 points	0.0%	3.6%
Canada	ILDR +2.8 points	2.8%	0.0%
Ireland	ILDR +2.6 points	2.6%	0.0%
Germany	ILDR +2.2 points	2.2%	0.0%
Netherlands	ILDR +1.7 points	1.7%	0.0%
France	ILDR +1.6 points	1.6%	0.0%
Denmark	ILDR +1.0 points	1.0%	0.0%
Other countries (3)	XITK +0.3 points	1.2%	1.5%

Concentration

Weight in the 10 largest Holdings

ILDR44.1%
XITK22.1%

Securities held

ILDR81
XITK94

Asset class

ILDR: Equity
XITK: Equity

Holdings

Only in ILDR67
In both14
Only in XITK80

Only in ILDR

67 securities, 66.9% of ILDR by weight

Amazon.com, Inc.5.94%
Eli Lilly and Company4.02%
Microsoft Corporation3.10%
Marvell Technology, Inc.2.72%
Micron Technology, Inc.2.64%
Oracle Corporation2.56%
Shopify Inc. (Class A)2.41%
Tesla, Inc.2.17%
Eaton Corporation Plc1.95%
Siemens Energy AG1.62%
Schneider Electric SE1.58%
Neurocrine Biosciences, Inc.1.30%
NextEra Energy, Inc.1.24%
Dell Technologies Inc. (Class C)1.15%
Palo Alto Networks, Inc.1.09%
Xometry, Inc. (Class A)1.08%
Ascendis Pharma A/S1.07%
Solaris Energy Infrastructure, Inc. (Class A)1.05%
ServiceNow, Inc.1.04%
BridgeBio Pharma, Inc.1.01%
Adyen NV0.92%
Mirum Pharmaceuticals, Inc.0.90%
Halozyme Therapeutics, Inc.0.90%
argenx SE0.89%
Madrigal Pharmaceuticals, Inc.0.85%
GE Vernova Inc.0.85%
Robinhood Markets, Inc. (Class A)0.84%
Everpure, Inc. (Class A)0.84%
Zebra Technologies Corporation0.84%
Zscaler, Inc.0.78%
Block, Inc. (Class A)0.75%
Figure Technology Solutions, Inc. (Class A)0.74%
CrowdStrike Holdings, Inc. (Class A)0.71%
Coinbase Global, Inc. (Class A)0.66%
Alkermes Plc0.62%
HP Inc.0.61%
Airbnb, Inc. (Class A)0.60%
Cloudflare, Inc. (Class A)0.60%
AeroVironment, Inc.0.59%
Semtech Corporation0.59%
Kymera Therapeutics, Inc.0.58%
Viridian Therapeutics, Inc.0.57%
Vertiv Holdings Co (Class A)0.56%
Constellation Energy Corporation0.56%
Nurix Therapeutics, Inc.0.55%
Forgent Power Solutions, Inc. (Class A)0.55%
Synopsys, Inc.0.54%
IDEAYA Biosciences, Inc.0.53%
Rheinmetall AG0.53%
Leonardo DRS, Inc.0.53%

Only in XITK

80 securities, 83.9% of XITK by weight

Axt Inc4.00%
Silicon Motion Technol Adr2.53%
Applied Optoelectronics Inc2.41%
Digitalocean Holdings Inc2.04%
Datadog Inc Class A1.77%
FIVE9 Inc1.72%
Zeta Global Holdings Corp A1.72%
Arm Holdings PLC Adr1.70%
Paycom Software Inc1.52%
Amplitude Inc Class A1.48%
Snowflake Inc1.48%
Nutanix Inc A1.45%
Jfrog Ltd1.40%
Onto Innovation Inc1.38%
Commvault Systems Inc1.37%
Veeva Systems Inc Class A1.35%
Manhattan Associates Inc1.35%
Braze Inc A1.35%
Elastic NV1.32%
Sitime Corp1.31%
Dynatrace Inc1.29%
Acm Research Inc Class A1.24%
Liveramp Holdings Inc1.23%
Impinj Inc1.22%
Avepoint Inc1.22%
Caci International Inc Class A1.15%
Credo Technology Group Holdi1.12%
Freshworks Inc Class A1.11%
Clear Secure Inc Class A1.10%
Paylocity Holding Corp1.09%
Sprout Social Inc Class A1.08%
Ptc Inc1.08%
Mediaalpha Inc Class A1.06%
Ubiquiti Inc1.05%
Super Micro Computer Inc1.04%
Nova Ltd1.03%
Sps Commerce Inc0.97%
Nextdoor Holdings Inc0.95%
Workiva Inc0.92%
Interdigital Inc0.92%
Pagaya Technologies Ltd A0.89%
Intapp Inc0.89%
Booz Allen Hamilton Holdings0.88%
Appfolio Inc A0.87%
Bill Holdings Inc0.87%
Ncino Inc0.86%
Innodata Inc0.86%
Workday Inc Class A0.85%
Waystar Holding Corp0.84%
Ambarella Inc0.84%

Weight gaps

All 14 Holdings in both funds, largest gap first.

Holding weights in ILDR and XITK, widest gap first
Holding	More in ILDRMore in XITK	ILDR	XITK
NVIDIA CorporationNVDA	ILDR +8.57 points	9.76%	1.19%
Alphabet Inc. (Class A)GOOGL	ILDR +3.29 points	4.18%	0.89%
Advanced Micro Devices, Inc.AMD	ILDR +3.04 points	5.66%	2.62%
Broadcom Inc.AVGO	ILDR +2.60 points	3.53%	0.93%
IonQ, Inc.IONQ	XITK +1.26 points	0.21%	1.47%
Arista Networks, Inc.ANET	ILDR +0.82 points	2.26%	1.44%
MongoDB, Inc.MDB	XITK +0.21 points	0.68%	0.89%
Meta Platforms, Inc. (Class A)META	ILDR +0.18 points	1.12%	0.94%
Reddit, Inc. (Class A)RDDT	XITK +0.16 points	0.40%	0.56%
Cellebrite DI Ltd.CLBT	XITK +0.17 points	0.47%	0.64%
Toast, Inc. (Class A)TOST	ILDR +0.07 points	0.94%	0.87%
Palantir Technologies Inc. (Class A)PLTR	ILDR +0.05 points	1.09%	1.04%
Spotify Technology S.A.SPOT	XITK +0.05 points	0.86%	0.91%
Rubrik, Inc. (Class A)RBRK	ILDR +0.03 points	1.63%	1.60%

All 81 ILDR holdings⁠All 94 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.

ILDR vs XITK Cost

Overpaying ILDR vs XITK

$5,441

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

ILDR 0.75%
$14,482
XITK 0.45%
$9,041

Amount$10,000

Years30 years

Cost over time

ILDR 0.75%
XITK 0.45%
Overpaying

Year by year

Year	ILDR	XITK	Overpaying
10	$1,336	$812	$524
20	$5,078	$3,128	$1,950
30	$14,482	$9,041	$5,441

Expense ratio

0.75%ILDR
0.45%XITK, cheaper

XITK0.45%ILDR0.75%

0.20%0.90%

Middle half of Disruptive Innovation funds
Median 0.65%

XITK 2nd cheapest of 30 funds

ILDR 20th cheapest of 30 funds

ILDR vs XITK Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ILDR 0.00%; XITK 0.00%
Payout (12M): ILDR None; XITK None

Distribution history

Per share, 2016 to 2023, same scale for both

ILDR1 paymentAll ILDR payments⁠

XITK11 paymentsAll XITK payments⁠

ILDR vs XITK Risk

Fall from peak · 5 years

ILDR
XITK

Risk facts

VolatilityStd dev, 3 years: ILDR 22.8%, betterXITK 25.4%
Return per unit of riskSharpe ratio, 3 years: ILDR 1.07, betterXITK 0.63
Worst fallMax drawdown, 5 years: ILDR −44.6%, betterXITK −61.4%
Market sensitivityBeta, 5 years: ILDR 1.55XITK 1.67; Market = 1

ILDR and XITK 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, 2026ILDR

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ILDR vs XITK

In short

Stated mandate

Why people hold it

Worth knowing

How ILDR and XITK differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ILDR

Only in XITK

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

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

How ILDR and XITK differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ILDR

Only in XITK

Weight gaps