KOMP vs MINV

KOMPAState Street SPDR S&P Kensho New Economies Composite ETF

MINVDMatthews Asia Innovators Active ETF

In short

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.

MINV Most disruptive-innovation ETFs shop in Silicon Valley. This one hunts in Asia ex-Japan, with a manager hand-picking roughly 40 stocks instead of tracking an index, run by a firm that has covered the region since 1991.

Stated mandate

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.

MINV The fund seeks long-term capital appreciation by investing at least 80% of net assets in common and preferred stocks of Asia-located companies that Matthews identifies as innovators in products, services, processes, business models, management, technology use, or market development.

Why people hold it

• 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.

• MINV Actively managed and concentrated: roughly 40 Asia-located stocks chosen by analysts, not pulled from an index screen.
• Defines innovation broadly. Business models, management, and market development count, not just chips and software, so an old-line company can make the cut.
• Matthews has focused on Asia since 1991 and launched MINV in 2022 among its first active ETFs, putting a long-running specialty in an ETF wrapper.etfgi.com
• Benchmarked to the MSCI All Country Asia ex Japan Index, so the stock picking is measured against the plain regional market.

Worth knowing

• 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

• MINV Charges 0.79% a year, above the 0.65% median for innovation ETFs, where index trackers like KOMP run 0.20%. That is the price of on-the-ground research.
• Thinly traded. Limit orders matter here, and spreads can widen when the underlying Asian markets are closed.
• One region, about 40 names, and a mandate that can include frontier markets. Policy shocks in Asia land harder here than in a globally spread basket.

Full KOMP profile⁠

Full MINV profile⁠