KOMP vs TSNF: Grades, Fees and Holdings Compared

State Street SPDR S&P Kensho New Economies Composite ETF

KOMPANYSE Arca

Truth Social American Next Frontiers ETF

TSNFBNYSE Arca

Overlap

18.2%by weight

Expense ratio

KOMP −0.45pt a year

KOMP0.20%TSNF0.65%

Avg volume · 30D

KOMP 17.2×the volume

KOMP70KTSNF4.07K

KOMP vs TSNF Performance

Dec 31, 2025 – Oct 30, 2026

+5.0%KOMP+16.3%TSNF

Expense ratio: KOMP 0.20%, better; TSNF 0.65%
Fund size: KOMP $2.57B; TSNF $8M
1Y total return: KOMP −1.6%; TSNF No data
Yield (12M): KOMP 1.63%; TSNF No data
Holdings: KOMP 501; TSNF 146
Avg volume (30D): KOMP 70K sh, better; TSNF 4.07K sh
NAV per share: KOMP $64.63; TSNF $28.69
52W range

ETF.net Grade

Pillar letters and Scores for KOMP, TSNF, with each pillar’s weight
Pillar	KOMP	TSNF
Cost30% weight	A100Higher	C53
Mission25% weight	Not scored	Not scored
Risk15% weight	B55	B55
Tradability15% weight	A77Higher	C49
Holdings10% weight	A88Higher	A86
Durability5% weight	A88Higher	F23

Rank among Disruptive Innovation funds

How we build Categories ›

Same Category. KOMP and TSNF 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 TSNF 12th 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 10BINVNAlger Russell Innovation ETFScore 58
Rank 12BTSNFTruth Social American Next Frontiers ETFScore 55
Rank 13BDRUPGraniteShares Nasdaq Select Disruptors ETFScore 54

Our read on each fund

ETF.net Research

KOMPAState Street SPDR S&P Kensho New Economies Composite ETF

TSNFBTruth Social American Next Frontiers 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.

TSNF Trump Media's Truth Social brand, wrapped around frontier tech: TSNF tracks a rules-based index of US-listed companies working in next-generation industries. A theme fund where "American" is as much the theme as innovation.

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.

TSNF The Fund seeks to track, before fees and expenses, the performance of the MarketVector American Next Frontiers Index.

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.com spglobal.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.

TSNF The mandate is refreshingly literal: a US-only, full-replication track of the MarketVector American Next Frontiers Index. No manager hand-picking frontier winners.
At 0.65%, it charges the going rate for thematic innovation funds rather than a premium for the branding.
One of a family of Truth Social and Yorkville indexes administered by MarketVector, so the theme is spelled out in published index rules.marketvector.com
The basket is the strongest part of the package: the spread and quality of names hold up well next to other disruptive-innovation funds.

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.com spglobal.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

TSNF It trades thinly, so spreads can be a real cost. Limit orders matter more here than in the category's household names.
Cheaper routes to the same theme exist: KOMP at 0.20%, XT at 0.46%, both with far longer live histories.
Fund and index both date to the end of 2025, so there's no long record of how the strategy behaves through a full market cycle.

Full KOMP profile⁠

Full TSNF profile⁠

KOMP vs TSNF Holdings

How KOMP and TSNF differ

Overlap by weight

18.2%

Shared holdings make up 44.2% of TSNF and 19.3% of KOMP.

Level by level

Holdings67 in both18.2%
Countryby domicile87.7%
Asset classEquity100%

Sector

No Sector split for TSNF.

Country, concentration and asset class

Country by domicile

Country weights in KOMP and TSNF, widest gap first
Country	More in KOMPMore in TSNF	KOMP	TSNF
United States	TSNF +12.3 points	87.2%	99.5%
China	KOMP +3.5 points	3.5%	0.0%
Israel	KOMP +2.0 points	2.5%	0.5%
Canada	KOMP +1.7 points	1.7%	0.0%
Taiwan	KOMP +1.0 points	1.0%	0.0%
Brazil	KOMP +0.8 points	0.8%	0.0%
South Korea	KOMP +0.6 points	0.6%	0.0%
Japan	KOMP +0.5 points	0.5%	0.0%
Other countries (11)	KOMP +2.3 points	2.3%	0.0%

Concentration

Weight in the 10 largest Holdings

KOMP11.1%
TSNF14.3%

Securities held

KOMP498
TSNF145

Asset class

KOMP: Equity
TSNF: Equity

Holdings

Only in KOMP431
In both67
Only in TSNF78

Only in KOMP

431 securities, 80.6% of KOMP by weight

Twist Bioscience Corp1.90%
Ptc Inc1.40%
3D Systems Corp1.18%
Elbit Systems Ltd1.10%
Unity Software Inc0.97%
Himax Technologies Inc Adr0.90%
Ambarella Inc0.88%
Tesla Inc0.81%
Stratasys Ltd0.70%
Teledyne Technologies Inc0.68%
Snap Inc A0.67%
Kopin Corp0.65%
Leidos Holdings Inc0.64%
Parsons Corp0.61%
Emerson Electric Co0.53%
Vuzix Corp0.51%
Proto Labs Inc0.51%
Atlassian Corp Class A0.50%
Alarm.com Holdings Inc0.50%
Adt Inc0.50%
Generac Holdings Inc0.49%
Hp Inc0.49%
Ondas Inc0.48%
Lockheed Martin Corp0.47%
Unusual Machines Inc /Us0.47%
Cabot Corp0.46%
Ameresco Inc Class A0.45%
Autodesk Inc0.45%
Heico Corp0.45%
Nve Corp0.44%
Zebra Technologies Corp Class A0.43%
Forum Energy Technologies In0.40%
Moderna Inc0.40%
Constellation Energy0.39%
Ceva Inc0.39%
Arlo Technologies Inc0.39%
Transalta Corp0.38%
Ringcentral Inc Class A0.38%
Johnson Controls Internation0.38%
Shoals Technologies Group A0.37%
Applied Industrial Tech Inc0.37%
Ormat Technologies Inc0.37%
Trimble Inc0.36%
Sk Telecom Co Ltd Spon Adr0.36%
Silicon Laboratories Inc0.36%
Deere & Co0.36%
Cisco Systems Inc0.36%
Alkermes PLC0.35%
Kratos Defense & Security0.35%
Axon Enterprise Inc0.35%

Only in TSNF

78 securities, 54.8% of TSNF by weight

NIQ Global Intelligence Plc1.75%
Grid Dynamics Holdings Inc1.61%
Skyworks Solutions Inc1.57%
Appian Corp1.55%
Avantor Inc1.23%
Elastic NV1.18%
Waystar Holding Corp1.10%
IQVIA Holdings Inc1.09%
Illumina Inc1.07%
Dynatrace Inc1.05%
Palantir Technologies Inc1.05%
Medpace Holdings Inc1.04%
Guardant Health Inc1.01%
Labcorp Holdings Inc1.00%
Repligen Corp1.00%
Waters Corp0.96%
Snowflake Inc0.95%
Bio-Rad Laboratories Inc0.95%
UiPath Inc0.94%
West Pharmaceutical Services Inc0.93%
Entegris Inc0.89%
Block Inc0.85%
Xometry Inc0.84%
Advanced Micro Devices Inc0.83%
C3.ai Inc0.81%
Texas Instruments Inc0.79%
Teradata Corp0.76%
Globalstar Inc0.76%
MongoDB Inc0.75%
Digital Realty Trust Inc0.74%
American Tower Corp0.72%
Equinix Inc0.72%
Crown Castle Inc0.70%
Bullish0.68%
Microchip Technology Inc0.65%
Element Solutions Inc0.64%
Cadence Design Systems Inc0.64%
Monolithic Power Systems Inc0.63%
EchoStar Corp0.62%
Qnity Electronics Inc0.62%
Semtech Corp0.61%
Evolv Technologies Holdings Inc0.59%
Astera Labs Inc0.58%
Marvell Technology Inc0.58%
Onto Innovation Inc0.56%
Lam Research Corp0.55%
Advanced Energy Industries Inc0.54%
Centrus Energy Corp0.52%
Gogo Inc0.51%
Quantum Computing Inc0.51%

Weight gaps

All 67 Holdings in both funds, largest gap first.

Holding weights in KOMP and TSNF, widest gap first
Holding	More in KOMPMore in TSNF	KOMP	TSNF
Natera IncNTRA	TSNF +1.28 points	0.14%	1.42%
Hinge Health Inc AHNGE	TSNF +1.16 points	0.20%	1.36%
Charles River LaboratoriesCRL	TSNF +1.05 points	0.38%	1.43%
Mettler Toledo InternationalMTD	TSNF +0.98 points	0.17%	1.15%
Tempus Ai Inc Class ATEM	TSNF +0.98 points	0.10%	1.08%
Revvity IncRVTY	TSNF +0.97 points	0.18%	1.15%
Corvel CorpCRVL	TSNF +0.91 points	0.08%	0.99%
Bio Techne CorpTECH	TSNF +0.89 points	0.13%	1.02%
Quest Diagnostics IncDGX	TSNF +0.85 points	0.07%	0.92%
Samsara Inc Class AIOT	TSNF +0.83 points	0.12%	0.95%
Agilent Technologies IncA	TSNF +0.81 points	0.17%	0.98%
Analog Devices IncADI	TSNF +0.61 points	0.18%	0.79%
Thermo Fisher Scientific IncTMO	TSNF +0.59 points	0.49%	1.08%
Bitmine Immersion TechnologiBMNR	TSNF +0.59 points	0.36%	0.95%
Broadcom IncAVGO	TSNF +0.55 points	0.11%	0.66%
Symbotic IncSYM	TSNF +0.54 points	0.14%	0.68%
Figure Technology Solut Class AFIGR	TSNF +0.53 points	0.04%	0.57%
Synopsys IncSNPS	TSNF +0.53 points	0.23%	0.76%
Ducommun IncDCO	TSNF +0.51 points	0.26%	0.77%
Viasat IncVSAT	TSNF +0.51 points	0.42%	0.93%
Hexcel CorpHXL	TSNF +0.44 points	0.19%	0.63%
Danaher CorpDHR	TSNF +0.43 points	0.51%	0.94%
Teradyne IncTER	TSNF +0.43 points	0.15%	0.58%
Bwx Technologies IncBWXT	TSNF +0.42 points	0.11%	0.53%
Coinbase Global Inc Class ACOIN	TSNF +0.38 points	0.31%	0.69%
Aurora Innovation IncAUR	TSNF +0.38 points	0.15%	0.53%
Procept Biorobotics CorpPRCT	TSNF +0.38 points	0.11%	0.49%
Applied Materials IncAMAT	TSNF +0.37 points	0.21%	0.58%
Qualcomm IncQCOM	TSNF +0.38 points	0.26%	0.64%
Circle Internet Group IncCRCL	TSNF +0.37 points	0.31%	0.68%
Bruker CorpBRKR	KOMP +0.35 points	1.12%	0.77%
Ouster IncOUST	KOMP +0.35 points	0.77%	0.42%
Oceaneering Intl IncOII	TSNF +0.32 points	0.45%	0.77%
Mobileye Global Inc AMBLY	TSNF +0.31 points	0.17%	0.48%
Innodata IncINOD	TSNF +0.29 points	0.03%	0.32%
Micron Technology IncMU	TSNF +0.28 points	0.46%	0.74%
Intuitive Surgical IncISRG	TSNF +0.29 points	0.49%	0.78%
Novanta IncNOVT	TSNF +0.28 points	0.42%	0.70%
Northrop Grumman CorpNOC	TSNF +0.27 points	0.51%	0.78%
Aerovironment IncAVAV	KOMP +0.27 points	0.81%	0.54%
Ttm TechnologiesTTMI	TSNF +0.27 points	0.09%	0.36%
Iridium Communications IncIRDM	TSNF +0.26 points	0.47%	0.73%
Blacksky Technology IncBKSY	TSNF +0.25 points	0.17%	0.42%
Cognex CorpCGNX	TSNF +0.25 points	0.46%	0.71%
Mara Holdings IncMARA	TSNF +0.23 points	0.17%	0.40%
Galaxy Digital Inc AGLXY	TSNF +0.23 points	0.16%	0.39%
Lattice Semiconductor CorpLSCC	TSNF +0.23 points	0.29%	0.52%
Riot Platforms IncRIOT	TSNF +0.22 points	0.17%	0.39%
Core Scientific IncCORZ	TSNF +0.21 points	0.17%	0.38%
Firefly Aerospace IncFLY	TSNF +0.21 points	0.19%	0.40%
Cleanspark IncCLSK	TSNF +0.21 points	0.17%	0.38%
Hut 8 CorpHUT	TSNF +0.20 points	0.21%	0.41%
Rockwell Automation IncROK	TSNF +0.19 points	0.55%	0.74%
Planet Labs PbcPL	TSNF +0.18 points	0.14%	0.32%
Voyager Technologies Inc AVOYG	TSNF +0.18 points	0.29%	0.47%
Rocket Lab CorpRKLB	TSNF +0.16 points	0.22%	0.38%
Aeva Technologies IncAEVA	TSNF +0.14 points	0.16%	0.30%
Keel Infrastructure CorpKEEL	TSNF +0.14 points	0.15%	0.29%
Cipher Digital IncCIFR	TSNF +0.14 points	0.12%	0.26%
Intuitive Machines IncLUNR	TSNF +0.13 points	0.17%	0.30%
Kodiak Ai IncKDK	TSNF +0.12 points	0.04%	0.16%
Red Cat Holdings IncRCAT	TSNF +0.10 points	0.21%	0.31%
Redwire CorpRDW	KOMP +0.10 points	0.52%	0.42%
Meta Platforms Inc Class AMETA	TSNF +0.10 points	0.71%	0.81%
NVIDIA CorpNVDA	KOMP +0.04 points	0.80%	0.76%
Kla CorpKLAC	TSNF +0.03 points	0.52%	0.55%
On SemiconductorON	Same weight	0.48%	0.48%

All 499 KOMP holdings⁠All 148 TSNF 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 TSNF Cost

Overpaying TSNF vs KOMP

$8,562

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

KOMP 0.20%
$4,155
TSNF 0.65%
$12,717

Amount$10,000

Years30 years

Cost over time

KOMP 0.20%
TSNF 0.65%
Overpaying

Year by year

Year	KOMP	TSNF	Overpaying
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%TSNF

KOMP0.20%TSNF0.65%

0.20%0.90%

Middle half of Disruptive Innovation funds
Median 0.65%

KOMP cheapest of 30 funds

TSNF 12th cheapest of 30 funds

KOMP vs TSNF Dividends

Last 12 months to Oct 30, 2026

Yield (12M): KOMP 1.63%; TSNF No data
Payout (12M): KOMP $1.02; TSNF None
Last payment: KOMP $0.13; TSNF No data
Ex-dividend: KOMP Sep 21, 2026; TSNF No data
Paid on: KOMP Sep 23, 2026; TSNF No data
Frequency: KOMP Quarterly; TSNF No data

Distribution history

Per share, 2018 to 2026, same scale for both

KOMPQuarterly · 33 paymentsAll KOMP payments⁠

TSNFAll TSNF payments⁠

No distribution history available.

KOMP vs TSNF 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%TSNF No data
Return per unit of riskSharpe ratio, 3 years: KOMP 0.76TSNF No data
Worst fallMax drawdown, 5 years: KOMP −45.4%TSNF No data
Market sensitivityBeta, 5 years: KOMP 1.65TSNF 2.00; Market = 1

KOMP and TSNF in the news

All news⁠

New ETFs
Tuttle's GANZ looks for a theme's suppliers, but its own rule gives them the smaller share
Oct 27, 2026KOMP
Deep Dive
Disruptive innovation ETFs share a label, not a portfolio
Sep 11, 2026KOMP

Popular comparisons

KOMPAvsXTA
State Street SPDR S&P Kensho New Economies Composite ETF · iShares Future Exponential Technologies ETF
Expense ratio
0.20% · 0.46%
Category
TSNFBvsXTA
Truth Social American Next Frontiers ETF · iShares Future Exponential Technologies ETF
Expense ratio
0.65% · 0.46%
Category
KOMPAvsTRFMA
State Street SPDR S&P Kensho New Economies Composite ETF · AAM Transformers ETF
Expense ratio
0.20% · 0.49%
Category
TSNFBvsTRFMA
Truth Social American Next Frontiers ETF · AAM Transformers ETF
Expense ratio
0.65% · 0.49%
Category
KOMPAvsXITKA
State Street SPDR S&P Kensho New Economies Composite ETF · State Street SPDR FactSet Innovative Technology ETF
Expense ratio
0.20% · 0.45%
Category
TSNFBvsXITKA
Truth Social American Next Frontiers ETF · State Street SPDR FactSet Innovative Technology ETF
Expense ratio
0.65% · 0.45%
Category

KOMP vs TSNF

In short

Stated mandate

Why people hold it

Worth knowing

How KOMP and TSNF differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in KOMP

Only in TSNF

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Tuttle's GANZ looks for a theme's suppliers, but its own rule gives them the smaller share

Disruptive innovation ETFs share a label, not a portfolio

How KOMP and TSNF differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in KOMP

Only in TSNF

Weight gaps