TEKX vs TRFM

TEKXCState Street Galaxy Transformative Tech Accelerators ETF

TRFMAAAM Transformers ETF

In short

TEKX State Street handed the keys to Galaxy, a digital-asset specialist, and got back a concentrated active portfolio of roughly 30 names: the companies building the rails for crypto and other disruptive tech, not the tokens themselves.

TRFM Most disruption funds buy the story. TRFM screens for companies actually writing R&D checks, then spreads the theme across a couple hundred US-listed names instead of a concentrated bet on thirty.

Stated mandate

TEKX TEKX is an actively managed, high-conviction strategy investing in companies that power and enable disruptive technologies across the digital-asset and innovation landscape.

TRFM The Fund passively tracks the total return of the Pence Transformers Index before fees and expenses. The index targets U.S.-listed equity securities of companies positioned to benefit from significant changes in consumer behavior and technological innovation.

Why people hold it

• TEKX The picks-and-shovels angle on digital assets. It buys the companies that power and enable disruptive technology across the crypto and innovation landscape, so exposure comes through operating businesses.
• Actively managed and high-conviction: roughly 30 names, not a 200-stock index sprawl. Every position has to earn its slot, and the manager can move as the theme shifts.
• The 0.65% expense ratio sits right at the median for disruptive-innovation funds, so you are paying the going rate for active management rather than an active premium.

• TRFM Candidates are screened on research-and-development spending, so names earn a slot with budget receipts, not just a narrative.nasdaq.com
• 0.49% a year, below the typical fee in its disruptive-innovation cohort, and it follows a published index rather than a manager's hunches.
• Modified equal weighting across a couple hundred holdings keeps any single mega-cap from quietly becoming the whole theme.stockanalysis.com
• Sits among the strongest implementations in its disruptive-innovation peer group on our review.

Worth knowing

• TEKX A 2024 launch that is still small and thinly traded. Wider spreads are common in funds like this, and limit orders matter more than they would in a household-name ETF.
• Around 30 stocks in one of the market's most volatile themes means single names can swing the whole fund. Concentration cuts both directions.
• Index-tracking peers cost less: KOMP runs 0.20% and XT 0.46%. Broad passive baskets are the cheaper way to own this theme if you do not want a manager picking.

• TRFM Not the cheapest door into the theme. Broader innovation rivals such as KOMP carry a lower expense ratio.
• Trades thinly next to the category's giants, so the bid-ask spread can matter more to your cost than the fee does.
• Launched in 2022, so the track record is short, and the index stays US-listed (ADRs count) rather than buying foreign shares directly.stockanalysis.com

Full TEKX profile⁠

Full TRFM profile⁠