LRND vs TECB: Grades, Fees and Holdings Compared

NYLI U.S. Large Cap R&D Leaders ETF

LRNDANasdaq

iShares U.S. Tech Breakthrough Multisector ETF

TECBANYSE Arca

Overlap

34.0%by weight

Expense ratio

LRND −0.16pt a year

LRND0.14%TECB0.30%

Avg volume · 30D

LRND 4.6×the volume

LRND42.7KTECB9.36K

3Y return · a year

TECB +5.5pt

LRND+23.3%TECB+28.8%

LRND vs TECB Performance

Oct 31, 2025 – Oct 30, 2026

+9.0%LRND+18.8%TECB

Expense ratio: LRND 0.14%, better; TECB 0.30%
Fund size: LRND $456M; TECB $493M
1Y total return: LRND +9.0%; TECB +18.8%, better
Yield (12M): LRND 0.34%, better; TECB 0.29%
Holdings: LRND 110; TECB 173
Avg volume (30D): LRND 42.7K sh, better; TECB 9.36K sh
NAV per share: LRND $44.74; TECB $75.32
52W range

ETF.net Grade

Pillar letters and Scores for LRND, TECB, with each pillar’s weight
Pillar	LRND	TECB
Cost30% weight	A100Higher	A79
Mission25% weight	B55	A92Higher
Risk15% weight	B62Higher	B55
Tradability15% weight	A80Higher	A72
Holdings10% weight	F22	B61Higher
Durability5% weight	A74	A91Higher

Rank among US Thematic funds

How we build Categories ›

Same Category. LRND and TECB are both graded against the same 22 US Thematic funds, so their Grades compare head to head.

US Thematic⁠

Category · 22 funds

See all 22 ›

LRND ranks 1st and TECB 2nd of 22 funds in the US Thematic Category.

Rank 1ALRNDNYLI U.S. Large Cap R&D Leaders ETFScore 76
Rank 2ATECBiShares U.S. Tech Breakthrough Multisector ETFScore 71
Rank 3BLOHARoundhill HALO ETFScore 66

Our read on each fund

ETF.net Research

LRNDANYLI U.S. Large Cap R&D Leaders ETF

TECBAiShares U.S. Tech Breakthrough Multisector ETF

In short

LRND No data

TECB Five breakthroughs (AI and robotics, cloud and data, cybersecurity, genomics, fintech) in one iShares index fund, priced well under the typical US thematic ETF. Multisector by design, so healthcare and finance names sit beside the chip and software crowd.

Stated mandate

LRND No data

TECB TECB seeks to track an index of U.S. companies that may benefit from robotics and artificial intelligence, cloud and data technology, cybersecurity, genomics and immunology, and financial technology.

Why people hold it

LRND No data

TECB 0.30% a year, roughly half the median expense ratio in its US thematic peer group. With themes, cost is the one edge you keep no matter which breakthrough actually breaks through.
Roughly 170 stocks spread across five themes rather than a concentrated bet on one idea, so no single storyline carries the fund by itself.ishares.com
Rules pick the stocks, not a manager's mood: it follows the NYSE FactSet U.S. Tech Breakthrough Index and has tracked it tightly since the 2020 launch, among the cleaner builds in its thematic group.ishares.com

Worth knowing

LRND No data

TECB This is a growth-theme basket with no ballast. Five fast-moving innovation sleeves can swing harder than the broad market in both directions.
Volume is light next to the megacap tech giants. For quick in-and-out trades, the bid-ask spread can cost more than the fee does.
Cheap, but not the cheapest on the block: LRND charges 0.14% for a broad US R&D-leaders screen that overlaps some of the same territory.

Full LRND profile⁠

Full TECB profile⁠

LRND vs TECB Holdings

How LRND and TECB differ

Overlap by weight

34.0%

Shared holdings make up 65.5% of LRND and 43.7% of TECB.

Level by level

Holdings26 in both34.0%
Sector10 Sectors85.1%
Countryby domicile99.4%
Asset classEquity100%

Sector

Sector weights in LRND and TECB, widest gap first
Sector	More in LRNDMore in TECB	LRND	TECB
Financials	TECB +9.2 points	0.3%	9.5%
Communication	LRND +7.4 points	17.3%	9.9%
Health Care	TECB +3.7 points	9.8%	13.5%
Technology	LRND +3.2 points	62.3%	59.1%
Consumer Staples	LRND +1.6 points	1.6%	0.0%
Real Estate	TECB +1.4 points	0.0%	1.4%
Industrials	LRND +1.1 points	2.4%	1.3%
Consumer Discretionary	LRND +0.8 points	5.7%	4.9%
Materials	LRND +0.6 points	0.6%	0.0%
Energy	TECB +0.5 points	0.0%	0.5%

Country, concentration and asset class

Country by domicile

Country weights in LRND and TECB, widest gap first
Country	More in LRNDMore in TECB	LRND	TECB
Brazil	TECB +0.6 points	0.0%	0.6%
Other countries (8)	LRND +0.6 points	100.0%	99.4%

Concentration

Weight in the 10 largest Holdings

LRND69.4%
TECB42.3%

Securities held

LRND110
TECB171

Asset class

LRND: Equity
TECB: Equity

Holdings

Only in LRND84
In both26
Only in TECB145

Only in LRND

84 securities, 34.5% of LRND by weight

Eli Lilly and Company4.93%
Broadcom Inc.4.38%
Cisco Systems, Inc.1.91%
Applied Materials, Inc.1.43%
Amgen Inc.1.41%
Lam Research Corporation1.38%
PepsiCo, Inc.1.05%
Arista Networks Inc0.98%
Marvell Technology, Inc.0.80%
Vanguard Information Technology ETF0.75%
State Street Technology Select Sector SPDR ETF0.75%
Fidelity MSCI Information Technology Index ETF0.74%
State Street Communication Services Select Sector SPDR ETF0.72%
Automatic Data Processing, Inc.0.65%
Dell Technologies, Inc. Class C0.62%
VanEck Pharmaceutical ETF0.58%
Vanguard Communication Services ETF0.57%
State Street Consumer Discretionary Select Sector SPDR ETF0.56%
Trane Technologies plc0.51%
Vertiv Holdings Co. Class A0.50%
Sherwin-Williams Company0.45%
Illinois Tool Works Inc.0.44%
Colgate-Palmolive Company0.43%
Cadence Design Systems, Inc.0.42%
Synopsys, Inc.0.41%
Airbnb, Inc. Class A0.39%
Datadog, Inc. Class A0.36%
Garmin Ltd.0.29%
Veeva Systems Inc. Class A0.28%
Monolithic Power Systems, Inc.0.28%
Vylor Inc0.27%
Cash0.27%
Keysight Technologies Inc0.24%
Axon Enterprise Inc0.19%
Mettler-Toledo International Inc.0.19%
ResMed Inc.0.19%
Zoetis, Inc. Class A0.18%
Rocket Lab Corporation0.18%
Workday, Inc. Class A0.18%
DexCom, Inc.0.17%
SharkNinja, Inc.0.16%
Ubiquiti Inc.0.16%
Veralto Corporation0.15%
United Therapeutics Corporation0.14%
Church & Dwight Co., Inc.0.14%
Insmed Incorporated0.14%
Hershey Company0.14%
International Flavors & Fragrances Inc.0.13%
Credo Technology Group Holding Ltd.0.13%
Alnylam Pharmaceuticals, Inc0.12%

Only in TECB

145 securities, 56.1% of TECB by weight

Palo Alto Networks4.71%
Merck & Co Inc4.60%
Visa Class A4.51%
Crowdstrike Holdings Class A3.92%
Mastercard Class A3.40%
Texas Instrument2.80%
Netflix2.67%
Intel Corporation2.47%
Analog Devices2.08%
International Business Machines Co1.87%
Oracle1.72%
Moderna1.60%
Intuitive Surgical1.56%
Salesforce1.40%
Sandisk1.30%
Western Digital Corp0.96%
Equinix Reit0.77%
Revolution Medicines0.72%
Mercadolibre0.59%
Ametek Inc0.56%
Baker Hughes Class A0.56%
Okta Class A0.55%
Digital Realty Trust Reit0.49%
Incyte Corp0.47%
Microchip Technology Inc0.42%
Ebay0.41%
Zscaler0.40%
Exelixis Inc0.34%
Strategy Inc Class A0.33%
PayPal Holdings0.33%
Netapp Inc0.30%
Iron Mountain Inc0.26%
Block Class A0.26%
Twilio Class A0.24%
Caci International Inc Class A0.24%
Akamai Technologies Inc0.21%
Mongodb Class A0.21%
Coinbase Global Class A0.20%
Hp Inc0.20%
Twist Bioscience0.18%
Fiserv Inc0.18%
Booz Allen Hamilton Holding Class0.17%
Corpay0.17%
Godaddy Class A0.16%
Global Payments Inc0.15%
Rubrik Class A0.14%
Coreweave Class A0.14%
Coupang Class A0.14%
Sofi Technologies0.14%
Affirm Holdings Class A0.14%

Weight gaps

All 26 Holdings in both funds, largest gap first.

Holding weights in LRND and TECB, widest gap first
Holding	More in LRNDMore in TECB	LRND	TECB
NVIDIA CorporationNVDA	LRND +12.65 points	16.36%	3.71%
Alphabet Inc. Class AGOOGL	LRND +8.10 points	10.92%	2.82%
Apple Inc.AAPL	LRND +6.14 points	10.31%	4.17%
Microsoft CorporationMSFT	LRND +3.42 points	8.08%	4.66%
Palantir Technologies Inc. Class APLTR	TECB +2.18 points	1.96%	4.14%
Vertex Pharmaceuticals IncorporatedVRTX	TECB +2.02 points	0.79%	2.81%
Regeneron Pharmaceuticals, Inc.REGN	TECB +1.33 points	0.53%	1.86%
QUALCOMM IncorporatedQCOM	TECB +0.98 points	0.80%	1.78%
Amazon.com, Inc.AMZN	LRND +0.93 points	4.56%	3.63%
Fortinet, Inc.FTNT	TECB +0.86 points	0.46%	1.32%
Adobe Inc.ADBE	TECB +0.58 points	0.46%	1.04%
ServiceNow, Inc.NOW	TECB +0.33 points	0.50%	0.83%
Autodesk, Inc.ADSK	TECB +0.30 points	0.24%	0.54%
Snowflake, Inc.SNOW	TECB +0.29 points	0.50%	0.79%
Meta Platforms Inc Class AMETA	LRND +0.23 points	4.09%	3.86%
Advanced Micro Devices, Inc.AMD	TECB +0.21 points	3.81%	4.02%
Intuit Inc.INTU	TECB +0.18 points	0.42%	0.60%
Everpure, Inc. Class AP	TECB +0.11 points	0.20%	0.31%
Atlassian Corp Class ATEAM	TECB +0.09 points	0.14%	0.23%
SentinelOne, Inc. Class AS	TECB +0.09 points	0.04%	0.13%
Nutanix, Inc. Class ANTNX	TECB +0.06 points	0.08%	0.14%
Pinterest, Inc. Class APINS	TECB +0.04 points	0.05%	0.09%
HubSpot, Inc.HUBS	TECB +0.04 points	0.05%	0.09%
Guidewire Software, Inc.GWRE	TECB +0.03 points	0.06%	0.09%
Bentley Systems, Incorporated Class BBSY	Same weight	0.05%	0.05%
Pegasystems Inc.PEGA	LRND +0.01 points	0.03%	0.02%

All 107 LRND holdings⁠All 173 TECB 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.

LRND vs TECB Cost

Overpaying TECB vs LRND

$3,217

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

LRND 0.14%
$2,932
TECB 0.30%
$6,149

Amount$10,000

Years30 years

Cost over time

LRND 0.14%
TECB 0.30%
Overpaying

Year by year

Year	LRND	TECB	Overpaying
10	$256	$545	$289
20	$1,000	$2,113	$1,113
30	$2,932	$6,149	$3,217

Expense ratio

0.14%LRND, cheaper
0.30%TECB

LRND0.14%TECB0.30%

0.14%0.87%

Middle half of US Thematic funds
Median 0.35%

LRND cheapest of 22 funds

TECB 5th cheapest of 22 funds

LRND vs TECB Dividends

Last 12 months to Oct 30, 2026

Yield (12M): LRND 0.34%, better; TECB 0.29%
Payout (12M): LRND $0.15; TECB $0.22
Last payment: LRND $0.04; TECB $0.05
Ex-dividend: LRND Sep 30, 2026; TECB Sep 15, 2026
Paid on: LRND Oct 2, 2026; TECB Sep 18, 2026
Frequency: LRND Quarterly; TECB Quarterly

Distribution history

Per share, 2020 to 2026, same scale for both

LRNDQuarterly · 19 paymentsAll LRND payments⁠

TECBQuarterly · 27 paymentsAll TECB payments⁠

LRND vs TECB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: LRND 15.9%, betterTECB 19.7%
Return per unit of riskSharpe ratio, 3 years: LRND 1.13TECB 1.17, better
Worst fallMax drawdown, 5 years: LRND −25.4%since Feb 2022TECB −41.6%
Market sensitivityBeta, 5 years: LRND 1.06TECB 1.25; Market = 1

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