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KOMP vs NBDS

State Street SPDR S&P Kensho New Economies Composite ETF

KOMPANYSE Arca

Neuberger Berman Disrupters ETF

NBDSCNYSE Arca

Overlap

3.9%by weight

Expense ratio

KOMP −0.45pt a year

KOMP0.20%NBDS0.65%

Avg volume · 30D

KOMP 3.2×the volume

KOMP70KNBDS21.6K

3Y return · a year

NBDS +1.9pt

KOMP+20.7%NBDS+22.6%

KOMP vs NBDS Performance

Oct 31, 2025 – Oct 30, 2026

−1.6%KOMP+0.6%NBDS

Oct 31, 2025 to Oct 30, 2026. KOMP −1.6%. NBDS +0.6%. Use the arrow keys to read each point.−20%−10%10%20%Oct 2025Apr 2026Oct 2026
Expense ratio
KOMP 0.20%, better
NBDS 0.65%
Fund size
KOMP $2.57B
NBDS $179M
1Y total return
KOMP −1.6%
NBDS +0.6%, better
Yield (12M)
KOMP 1.63%
NBDS No data
Holdings
KOMP 501
NBDS 30
Avg volume (30D)
KOMP 70K sh, better
NBDS 21.6K sh
NAV per share
KOMP $64.63
NBDS $40.25
52W range

ETF.net Grade

KOMP: Cost 100, Risk 55, Mission not scored, Tradability 77, Holdings 88, Durability 88. NBDS: Cost 53, Risk 36, Mission not scored, Tradability 68, Holdings 41, Durability 45.
Pillar letters and Scores for KOMP, NBDS, with each pillar’s weight
PillarKOMPNBDS
Cost30% weightA100HigherC53
Mission25% weightNot scoredNot scored
Risk15% weightB55HigherD36
Tradability15% weightA77HigherB68
Holdings10% weightA88HigherC41
Durability5% weightA88HigherC45

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. KOMP and NBDS 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 ›

KOMP ranks 2nd and NBDS 14th 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 13BDRUPGraniteShares Nasdaq Select Disruptors ETFScore 54
  5. Rank 14CNBDSNeuberger Berman Disrupters ETFScore 50
  6. Rank 15CGXDWGlobal X Dorsey Wright Thematic ETFScore 48

Our read on each fund

ETF.net Research

KOMPAState Street SPDR S&P Kensho New Economies Composite ETF

NBDSCNeuberger Berman Disrupters 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.

NBDS Most disruption funds hand the job to a rulebook. NBDS hands it to Neuberger Berman's analysts: roughly 30 hand-picked companies whose technologies or services may reshape their markets, priced at the category's going rate.

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.

NBDS The Fund targets companies offering differentiated solutions, technologies, or services that may create or reshape markets, using internal research and analysis to identify such businesses.

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.
  • NBDS Human stock-picking, not a screen. Managers use internal research to hunt companies with differentiated solutions, technologies or services that may create or reshape markets.
  • Concentrated by design: about 30 names, so a winner actually moves the needle instead of getting diluted inside a sprawling innovation basket.
  • Active management at index-fund pricing for this corner: the 0.65% expense ratio sits right at the median for disruptive-innovation ETFs.
  • Holds up well against a crowded field, landing in the upper half of its disruptive-innovation peer group on our overall read.

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
  • NBDS Thinly traded. Shares change hands lightly, which can mean wider gaps between buy and sell prices than the big names in the theme.
  • Cheaper index routes to similar ground exist, including KOMP at 0.20% and XT at 0.46%.
  • A 30-stock portfolio of high-growth disruptors concentrates risk, and the fund only launched in 2022, so the track record is short.

Full KOMP profile⁠

Full NBDS profile⁠

KOMP vs NBDS Holdings

How KOMP and NBDS differ

Overlap by weight

3.9%

Shared holdings make up 33.8% of NBDS and 3.9% of KOMP.

Level by level

  • Holdings10 in both3.9%
  • Sector10 Sectors80.5%
  • Countryby domicile92.1%
  • Asset classEquity100%

Sector

Sector weights in KOMP and NBDS, widest gap first
SectorMore in KOMPMore in NBDS
TechnologyNBDS +15.3 points
IndustrialsKOMP +14.3 points
MaterialsKOMP +3.1 points
FinancialsNBDS +1.9 points
EnergyKOMP +1.5 points
UtilitiesNBDS +0.8 points
Consumer DiscretionaryNBDS +0.6 points
Consumer StaplesKOMP +0.6 points
Health CareNBDS +0.6 points
CommunicationNBDS +0.3 points

Country, concentration and asset class

Country by domicile

Country weights in KOMP and NBDS, widest gap first
CountryMore in KOMPMore in NBDS
NetherlandsNBDS +3.8 points
CanadaNBDS +2.6 points
IsraelKOMP +2.5 points
United StatesNBDS +1.4 points
TaiwanKOMP +1.0 points
BrazilKOMP +0.8 points
South KoreaKOMP +0.6 points
JapanKOMP +0.5 points
Other countries (11)KOMP +2.5 points

Concentration

Weight in the 10 largest Holdings

  • KOMP11.1%
  • NBDS48.2%

Securities held

  • KOMP498
  • NBDS30

Asset class

KOMP
Equity
NBDS
Equity

Holdings

  • Only in KOMP488
  • In both10
  • Only in NBDS20

Only in KOMP

488 securities, 96.0% of KOMP by weight

  • Twist Bioscience Corp1.90%
  • Ptc Inc1.40%
  • 3D Systems Corp1.18%

Only in NBDS

20 securities, 66.2% of NBDS by weight

  • Advanced Micro Devices Common Stock5.91%
  • Glaukos Corp Common Stock5.59%
  • Snowflake Inc Common Stock4.79%

Weight gaps

All 10 Holdings in both funds, largest gap first.

Holding weights in KOMP and NBDS, widest gap first
HoldingMore in KOMPMore in NBDS
NVIDIA CorpNVDANBDS +6.46 points
Constellation EnergyCEGNBDS +3.35 points
Robinhood Markets Inc AHOODNBDS +3.13 points
Intuitive Surgical IncISRGNBDS +2.68 points
Broadcom IncAVGONBDS +2.56 points
Bloom Energy Corp ABENBDS +2.52 points
Heico CorpHEINBDS +2.37 points
Tesla IncTSLANBDS +2.37 points

All 499 KOMP holdings⁠All 29 NBDS 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.

KOMP vs NBDS Cost

Overpaying NBDS vs KOMP

$8,562

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

  • KOMP 0.20%

    $4,155

  • NBDS 0.65%

    $12,717

$10,000
30 years

Cost over time

  • KOMP 0.20%
  • NBDS 0.65%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530NBDS $12,717KOMP $4,155

Year by year

YearKOMPNBDSOverpaying
10$365$1,163$798
20$1,421$4,440$3,019
30$4,155$12,717$8,562

Expense ratio

  • 0.20%KOMP, cheaper
  • 0.65%NBDS
  • Middle half of Disruptive Innovation funds
  • Median 0.65%

KOMP cheapest of 30 funds

NBDS 12th cheapest of 30 funds

KOMP vs NBDS Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
KOMP 1.63%
NBDS No data
Payout (12M)
KOMP $1.02
NBDS No data
Last payment
KOMP $0.13
NBDS $0.13
Ex-dividend
KOMP Sep 21, 2026
NBDS Dec 19, 2025
Paid on
KOMP Sep 23, 2026
NBDS Dec 24, 2025
Frequency
KOMP Quarterly
NBDS Irregular

Distribution history

Per share, 2018 to 2026, same scale for both

KOMPQuarterly · 33 paymentsAll KOMP payments⁠
One bar per payment. 33 payments from 2018 to 2026 YTD. Dec 24, 2018 $0.04; Mar 18, 2019 $0.05; Jun 24, 2019 $0.03; Sep 23, 2019 $0.05; Dec 23, 2019 $0.11; Dec 30, 2019 $0.05; Mar 23, 2020 $0.06; Jun 22, 2020 $0.06; Sep 21, 2020 $0.07; Dec 21, 2020 $0.20; Mar 22, 2021 $0.22; Jun 21, 2021 $0.14; Sep 20, 2021 $0.13; Dec 20, 2021 $0.36; Mar 21, 2022 $0.08; Jun 21, 2022 $0.17; Sep 19, 2022 $0.17; Dec 19, 2022 $0.15; Mar 20, 2023 $0.10; Jun 20, 2023 $0.15; Sep 18, 2023 $0.12; Dec 18, 2023 $0.22; Mar 18, 2024 $0.08; Jun 24, 2024 $0.16; Sep 23, 2024 $0.10; Dec 23, 2024 $0.19; Mar 24, 2025 $0.12; Jun 23, 2025 $0.12; Sep 22, 2025 $0.14; Dec 22, 2025 $0.72; Mar 23, 2026 $0.07; Jun 22, 2026 $0.10; Sep 21, 2026 $0.13. Use the arrow keys to read each point.$0$0.50202020232026YTD
NBDSIrregular · 1 paymentAll NBDS payments⁠
One bar per payment. 1 payment from 2018 to 2026 YTD. Dec 19, 2025 $0.13. Use the arrow keys to read each point.$0$0.50202020232026YTD

KOMP vs NBDS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
KOMP 22.3%, betterNBDS 23.6%
Return per unit of riskSharpe ratio, 3 years
KOMP 0.76NBDS 0.80, better
Worst fallMax drawdown, 5 years
KOMP −45.4%NBDS −29.8%since Apr 2022
Market sensitivityBeta, 5 years
KOMP 1.65NBDS 1.52

KOMP and NBDS in the news

All news⁠

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