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TECB vs USMD

iShares U.S. Tech Breakthrough Multisector ETF

TECBANYSE Arca

CoreValues America First Technology ETF

USMDDNYSE Arca

Overlap

Expense ratio

TECB −0.57pt a year

TECB0.30%USMD0.87%

Avg volume · 30D

TECB 43.1×the volume

TECB9.36KUSMD217

TECB vs USMD Performance

Jul 31, 2026 – Oct 30, 2026

+7.4%TECB+0.3%USMD

Jul 31, 2026 to Oct 30, 2026. TECB +7.4%. USMD +0.3%. Use the arrow keys to read each point.2.5%5%10%12.5%15%Jul 2026Sep 2026Oct 2026
Expense ratio
TECB 0.30%, better
USMD 0.87%
Fund size
TECB $493M
USMD $0
1Y total return
TECB +18.8%
USMD No data
Yield (12M)
TECB 0.29%
USMD No data
Holdings
TECB 173
USMD 122
Avg volume (30D)
TECB 9.36K sh, better
USMD 217 sh
NAV per share
TECB $75.32
USMD $29.94
52W range

ETF.net Grade

TECB: Cost 79, Risk 55, Mission 92, Tradability 72, Holdings 61, Durability 91. USMD: Cost 0, Risk 46, Mission not scored, Tradability 41, Holdings 56, Durability 28.
Pillar letters and Scores for TECB, USMD, with each pillar’s weight
PillarTECBUSMD
Cost30% weightA79HigherF0
Mission25% weightA92Not scored
Risk15% weightB55HigherC46
Tradability15% weightA72HigherC41
Holdings10% weightB61HigherB56
Durability5% weightA91HigherD28

Rank among US Thematic funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. TECB and USMD 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 ›

TECB ranks 2nd and USMD 22nd of 22 funds in the US Thematic Category.

  1. Rank 1ALRNDNYLI U.S. Large Cap R&D Leaders ETFScore 76
  2. Rank 2ATECBiShares U.S. Tech Breakthrough Multisector ETFScore 71
  3. Rank 3BLOHARoundhill HALO ETFScore 66
  4. Rank 21DFMKTThe Free Markets ETFScore 29
  5. Rank 22DUSMDCoreValues America First Technology ETFScore 26

Our read on each fund

ETF.net Research

TECBAiShares U.S. Tech Breakthrough Multisector ETF

USMDDCoreValues America First Technology ETF

In short

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.

USMD One of the newest names in US thematic tech: USMD tracks Solactive's America First Technology Index for an all-domestic technology sleeve, with long-term capital appreciation, not income, as the stated goal.

Stated mandate

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.

USMD The Fund seeks long-term capital appreciation.

Why people hold it

  • 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
  • USMD Rules first, hunches second: it follows a published Solactive index, so the selection logic is written down before the trades happen.
  • Geography is unambiguous. A US equity mandate keeps the theme home, rather than blending domestic and overseas tech under one label.
  • Plain-vanilla fund plumbing: a 1940 Act ETF, so you get standard 1099 reporting instead of partnership paperwork.

Worth knowing

  • 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.
  • USMD Fee is the headline trade-off: 0.87% a year, while thematic-tech neighbors like LRND (0.14%) and TECB (0.30%) charge a fraction of that.
  • It opened in 2026, so there is no multi-year record yet, and small, thinly traded funds tend to carry wider bid-ask spreads.
  • Growth mandate, not a paycheck: the prospectus objective is capital appreciation, and income is not part of the design.

Full TECB profile⁠

Full USMD profile⁠

TECB vs USMD 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.

TECB vs USMD Cost

Overpaying USMD vs TECB

$10,387

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

  • TECB 0.30%

    $6,149

  • USMD 0.87%

    $16,536

$10,000
30 years

Cost over time

  • TECB 0.30%
  • USMD 0.87%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530USMD $16,536TECB $6,149

Year by year

YearTECBUSMDOverpaying
10$545$1,542$997
20$2,113$5,830$3,717
30$6,149$16,536$10,387

Expense ratio

  • 0.30%TECB, cheaper
  • 0.87%USMD
  • Middle half of US Thematic funds
  • Median 0.35%

TECB 5th cheapest of 22 funds

USMD 22nd cheapest of 22 funds

TECB vs USMD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
TECB 0.29%
USMD No data
Payout (12M)
TECB $0.22
USMD None
Last payment
TECB $0.05
USMD No data
Ex-dividend
TECB Sep 15, 2026
USMD No data
Paid on
TECB Sep 18, 2026
USMD No data
Frequency
TECB Quarterly
USMD No data

Distribution history

Per share, 2020 to 2026, same scale for both

TECBQuarterly · 27 paymentsAll TECB payments⁠
One bar per payment. 27 payments from 2020 to 2026 YTD. Mar 25, 2020 $0.14; Jun 15, 2020 $0.02; Sep 23, 2020 $0.04; Dec 14, 2020 $0.07; Mar 25, 2021 $0.04; Jun 10, 2021 $0.02; Sep 24, 2021 $0.04; Dec 13, 2021 $0.04; Mar 24, 2022 $0.05; Jun 9, 2022 $0.03; Sep 26, 2022 $0.05; Dec 13, 2022 $0.04; Mar 23, 2023 $0.03; Jun 7, 2023 $0.02; Sep 26, 2023 $0.02; Dec 20, 2023 $0.02; Mar 21, 2024 $0.05; Jun 11, 2024 $0.01; Sep 25, 2024 $0.08; Dec 17, 2024 $0.04; Mar 18, 2025 $0.03; Jun 16, 2025 $0.04; Sep 16, 2025 $0.05; Dec 16, 2025 $0.07; Mar 17, 2026 $0.04; Jun 15, 2026 $0.05; Sep 15, 2026 $0.05. Use the arrow keys to read each point.$0$0.10202020232026YTD
USMDAll USMD payments⁠

No distribution history available.

TECB vs USMD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
TECB 19.7%USMD No data
Return per unit of riskSharpe ratio, 3 years
TECB 1.17USMD No data
Worst fallMax drawdown, 5 years
TECB −41.6%USMD No data
Market sensitivityBeta, 5 years
TECB 1.25USMD 1.83

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