KOMP vs YNOT

KOMPAState Street SPDR S&P Kensho New Economies Composite ETF

YNOTDHorizon Digital Frontier 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.

YNOT Most innovation funds just buy the obvious winners. YNOT sorts emerging-tech companies into four phases, from the chipmakers enabling a technology to the businesses that eventually use it, and actively shifts money along that chain.

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.

YNOT The fund seeks long-term capital appreciation by investing primarily in equity securities of companies operating in digital and technology sectors, emphasizing firms involved in digital innovation and transformation.

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.

• YNOT The phase map is the whole idea: enablers, the infrastructure layer, the companies monetizing products, and the firms using the tech to cut costs. Managers decide where along that chain to lean.dividend.comhorizoninvestments.com
• Actively managed and global by design: US and non-US stocks, ADRs, even other ETFs are in bounds, so the portfolio isn't bolted to one index committee's definition of innovation.yahoo.com
• Roughly 100 names, screened on growth, value, momentum, quality, size and volatility. A multi-factor filter sits on top of the theme rather than pure story-stock picking.dividend.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

• YNOT The active framework carries an active price: 0.75% a year, above the middle of its thematic peer group, where several of the best-regarded options charge less (KOMP 0.20%, XT 0.46%).
• Non-diversified by charter, so a small group of holdings can steer results. It's also a small, thinly traded fund, which tends to mean wider spreads than the category's household names.yahoo.com
• The record starts in July 2025, so there's little history to judge the phase model through a full cycle. The mandate is capital appreciation, not income.

Full KOMP profile⁠

Full YNOT profile⁠