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KOMP vs SPRX

State Street SPDR S&P Kensho New Economies Composite ETF

KOMPANYSE Arca

Spear Alpha ETF

SPRXDNasdaq

Overlap

1.8%by weight

Expense ratio

KOMP −0.55pt a year

KOMP0.20%SPRX0.75%

Avg volume · 30D

SPRX 1.2×the volume

KOMP70KSPRX82.8K

5Y return · a year

SPRX +10.3pt

KOMP+0.6%SPRX+10.9%

KOMP vs SPRX Performance

Oct 29, 2021 – Oct 30, 2026

+3.2%KOMP+67.8%SPRX

Oct 29, 2021 to Oct 30, 2026. KOMP +3.2%. SPRX +67.8%. Use the arrow keys to read each point.−50%100%150%Oct 2021Apr 2024Oct 2026
Expense ratio
KOMP 0.20%, better
SPRX 0.75%
Fund size
KOMP $2.57B
SPRX $177M
1Y total return
KOMP −1.6%, better
SPRX −16.0%
Yield (12M)
KOMP 1.63%, better
SPRX 0.00%
Holdings
KOMP 501
SPRX 27
Avg volume (30D)
KOMP 70K sh
SPRX 82.8K sh, better
NAV per share
KOMP $64.63
SPRX $36.75
52W range

ETF.net Grade

KOMP: Cost 100, Risk 55, Mission not scored, Tradability 77, Holdings 88, Durability 88. SPRX: Cost 22, Risk 14, Mission not scored, Tradability 78, Holdings 25, Durability 52.
Pillar letters and Scores for KOMP, SPRX, with each pillar’s weight
PillarKOMPSPRX
Cost30% weightA100HigherF22
Mission25% weightNot scoredNot scored
Risk15% weightB55HigherF14
Tradability15% weightA77A78Higher
Holdings10% weightA88HigherD25
Durability5% weightA88HigherC52

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 SPRX 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 SPRX 26th 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 26DDUNKDana Unconstrained Equity ETFScore 34
  5. Rank 26DSPRXSpear Alpha ETFScore 34
  6. Rank 28DTMATMain Thematic Innovation ETFScore 33

Our read on each fund

ETF.net Research

KOMPAState Street SPDR S&P Kensho New Economies Composite ETF

SPRXDSpear Alpha 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.

SPRX Most innovation ETFs buy the theme off an index. Spear Alpha is one analyst's research book: founder Ivana Delevska hand-picks a concentrated set of industrial-technology companies, from factory-floor digitalization to space, and trades them actively.

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.

SPRX The fund seeks long-term capital growth by actively investing mainly in equity securities of companies that the adviser believes may benefit from major advances in industrial technology.

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.
  • SPRX Actively run, not an index in disguise: the adviser picks companies across industrial-tech supply chains using primary research and direct contact with management.prnewswire.comspear-invest.com
  • The unglamorous end of innovation: robotics, manufacturing digitalization, photonics and space, mostly via companies the prospectus pegs in the $10B to $100B range.spear-invest.comprnewswire.com
  • Trades smoothly for a boutique product, one of the stronger showings on execution in its innovation peer group, and the founding manager has run it since the 2021 launch.prnewswire.com

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
  • SPRX 0.75% a year is above the typical fee in its cohort, and index rivals on the same theme (KOMP, XT) cost far less. That gap is what the stock-picking has to cover.
  • Non-diversified by design, so single names swing the fund, and the prospectus notes an active approach that turns the portfolio over heavily.spear-invest.comspear-invest.com 2
  • The stated goal is long-term capital growth, not income. One manager's judgment drives results, for better and worse.sec.gov

Full KOMP profile⁠

Full SPRX profile⁠

KOMP vs SPRX Holdings

How KOMP and SPRX differ

Overlap by weight

1.8%

Shared holdings make up 28.0% of SPRX and 3.2% of KOMP.

Level by level

  • Holdings10 in both1.8%
  • Sector10 Sectors50.6%
  • Countryby domicile87.2%
  • Asset classEquity100%

Sector

Sector weights in KOMP and SPRX, widest gap first
SectorMore in KOMPMore in SPRX
TechnologySPRX +49.3 points
Health CareKOMP +15.2 points
IndustrialsKOMP +13.9 points
Consumer DiscretionaryKOMP +5.5 points
CommunicationKOMP +4.5 points
MaterialsKOMP +3.1 points
UtilitiesKOMP +3.0 points
FinancialsKOMP +2.1 points
EnergyKOMP +1.5 points
Consumer StaplesKOMP +0.6 points

Country, concentration and asset class

Country by domicile

Country weights in KOMP and SPRX, widest gap first
CountryMore in KOMPMore in SPRX
United StatesSPRX +8.9 points
FinlandSPRX +3.9 points
ChinaKOMP +3.5 points
IsraelKOMP +2.5 points
CanadaKOMP +1.7 points
TaiwanKOMP +1.0 points
BrazilKOMP +0.8 points
South KoreaKOMP +0.6 points
Other countries (12)KOMP +2.8 points

Concentration

Weight in the 10 largest Holdings

  • KOMP11.1%
  • SPRX70.6%

Securities held

  • KOMP498
  • SPRX26

Asset class

KOMP
Equity
SPRX
Equity

Holdings

  • Only in KOMP488
  • In both10
  • Only in SPRX16

Only in KOMP

488 securities, 96.8% of KOMP by weight

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

Only in SPRX

16 securities, 71.9% of SPRX by weight

  • Astera Labs Inc11.35%
  • Lumentum Holdings Inc7.97%
  • ARM Holdings PLC7.53%

Weight gaps

All 10 Holdings in both funds, largest gap first.

Holding weights in KOMP and SPRX, widest gap first
HoldingMore in KOMPMore in SPRX
Cloudflare Inc Class ANETSPRX +8.35 points
Coherent CorpCOHRSPRX +6.97 points
Kla CorpKLACSPRX +4.22 points
Teradyne IncTERSPRX +3.16 points
Zscaler IncZSSPRX +3.15 points
Meta Platforms Inc Class AMETAKOMP +0.56 points
Constellation EnergyCEGKOMP +0.39 points
Crowdstrike Holdings Inc ACRWDSPRX +0.35 points

All 499 KOMP holdings⁠All 23 SPRX 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 SPRX Cost

Overpaying SPRX vs KOMP

$10,327

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

  • KOMP 0.20%

    $4,155

  • SPRX 0.75%

    $14,482

$10,000
30 years

Cost over time

  • KOMP 0.20%
  • SPRX 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530SPRX $14,482KOMP $4,155

Year by year

YearKOMPSPRXOverpaying
10$365$1,336$971
20$1,421$5,078$3,657
30$4,155$14,482$10,327

Expense ratio

  • 0.20%KOMP, cheaper
  • 0.75%SPRX
  • Middle half of Disruptive Innovation funds
  • Median 0.65%

KOMP cheapest of 30 funds

SPRX 20th cheapest of 30 funds

KOMP vs SPRX Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
KOMP 1.63%, better
SPRX 0.00%
Payout (12M)
KOMP $1.02
SPRX None
Last payment
KOMP $0.13
SPRX No data
Ex-dividend
KOMP Sep 21, 2026
SPRX No data
Paid on
KOMP Sep 23, 2026
SPRX No data
Frequency
KOMP Quarterly
SPRX No data

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
SPRX1 paymentAll SPRX payments⁠
One bar per payment. 1 payment from 2018 to 2026 YTD. Dec 22, 2021 $0.05. Use the arrow keys to read each point.$0$0.50202020232026YTD

KOMP vs SPRX Risk

Fall from peak · 5 years

  • KOMP
  • SPRX
Oct 29, 2021 to Oct 30, 2026. Worst fall: SPRX −51.2% · Nov 2022. Use the arrow keys to read each point.−50%−40%−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
KOMP 22.3%, betterSPRX 42.9%
Return per unit of riskSharpe ratio, 3 years
KOMP 0.76SPRX 0.76Same figure. Both funds show the same value, so neither comes out ahead.
Worst fallMax drawdown, 5 years
KOMP −45.4%, betterSPRX −51.2%
Market sensitivityBeta, 5 years
KOMP 1.65SPRX 2.22

KOMP and SPRX in the news

All news⁠

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