KOMP vs SOCL

KOMPAState Street SPDR S&P Kensho New Economies Composite ETF

SOCLCGlobal X Social Media 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.

SOCL Social media as one ticker: about 50 platform companies worldwide, tracked to a Solactive index. Running since 2011, which makes it a veteran of the thematic shelf.

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.

SOCL The fund seeks investment results that generally correspond to the price and yield performance of the Solactive Social Media Total Return Index, before fees and expenses.

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.

• SOCL Pure play, not a sprinkle. The index targets social and communications platforms directly, roughly 50 of them, rather than burying a few inside a broad tech basket.globalxetfs.com
• Global mandate, so the basket reaches past US names to platforms listed abroad, where much of the world's scrolling actually happens.globalxetfs.com
• The 0.65% fee sits right at the median for its innovation-theme peer group. Narrow focus, no novelty surcharge.
• Live since 2011 and rules-based: the fund follows the Solactive Social Media index through platform cycles instead of a manager's hunch about the next feed.

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

• SOCL Thinly traded and modest in size, so spreads can widen. Limit orders matter more here than in a mega-cap fund.
• About 50 stocks in one theme means ad-market swings and single-company headlines land harder than they would in a broad index.
• Broader innovation peers charge less for wider nets: KOMP at 0.20% and XT at 0.46%. The tight focus is the thing you're paying up for.

Full KOMP profile⁠

Full SOCL profile⁠