TEKX vs XT: Grades, Fees and Holdings Compared

State Street Galaxy Transformative Tech Accelerators ETF

TEKXCNasdaq

iShares Future Exponential Technologies ETF

XTANasdaq

Overlap

13.1%by weight

Expense ratio

XT −0.19pt a year

TEKX0.65%XT0.46%

Avg volume · 30D

XT 17.4×the volume

TEKX3.97KXT69.1K

TEKX vs XT Performance

Oct 31, 2025 – Oct 30, 2026

+7.8%TEKX+20.1%XT

Expense ratio: TEKX 0.65%; XT 0.46%, better
Fund size: TEKX $13M; XT $3.98B
1Y total return: TEKX +7.8%; XT +20.1%, better
Yield (12M): TEKX 0.30%; XT 6.82%, better
Holdings: TEKX 35; XT 216
Avg volume (30D): TEKX 3.97K sh; XT 69.1K sh, better
NAV per share: TEKX $50.90; XT $83.53
52W range

ETF.net Grade

Pillar letters and Scores for TEKX, XT, with each pillar’s weight
Pillar	TEKX	XT
Cost30% weight	C53	A95Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	D28	A91Higher
Tradability15% weight	D33	A77Higher
Holdings10% weight	D32	B66Higher
Durability5% weight	D36	A96Higher

Rank among Disruptive Innovation funds

How we build Categories ›

Same Category. TEKX and XT 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 ›

XT ranks 1st and TEKX 21st 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 21CSOCLGlobal X Social Media ETFScore 40
Rank 21CTEKXState Street Galaxy Transformative Tech Accelerators ETFScore 40
Rank 23DDARPTidal Trust II Grizzle Growth ETFScore 39

Our read on each fund

ETF.net Research

TEKXCState Street Galaxy Transformative Tech Accelerators ETF

XTAiShares Future Exponential Technologies 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.

XT Innovation, spread thin on purpose. XT holds roughly 200 global companies scored by Morningstar analysts for exposure to a handful of exponential tech themes, so no single moonshot carries the fund.

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.

XT XT seeks to track an index of stocks from developed and emerging markets whose companies create or use exponential technologies. The strategy targets technologies with potential economic benefits, including the ability to displace older technologies or create new markets.

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.

XT Cheap for the theme at 0.46% a year, below the typical fee in its disruptive-innovation cohort and under peers like TRFM and FDTX.
Human fingerprint on the stock list: Morningstar equity analysts score companies on theme exposure instead of sorting by keywords or revenue tags.sec.gov contentstack.io
Global by construction (developed and emerging markets) and not fenced into the tech sector, so a drugmaker or an industrial can qualify on theme exposure.sec.gov
Launched in 2015 and now a multi-billion-dollar iShares fund, it stands among the stronger builds in its innovation peer group.ishares.com

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.

XT The index has been reworked since launch (weighting scheme, theme list), and themes get an annual review, so today's tilt is not fixed forever.morningstar.com sec.gov
Moderately traded rather than a household name, which can mean wider spreads than the biggest tech ETFs.
About 200 positions dilutes any single breakout winner, and distributions land only once or twice a year.

Full TEKX profile⁠

Full XT profile⁠

TEKX vs XT Holdings

How TEKX and XT differ

Overlap by weight

13.1%

Shared holdings make up 27.7% of TEKX and 15.3% of XT.

Level by level

Holdings7 in both13.1%
Sector10 Sectors58.4%
Countryby domicile83.9%
Asset classEquity100%

Sector

Sector weights in TEKX and XT, widest gap first
Sector	More in TEKXMore in XT	TEKX	XT
Health Care	XT +27.4 points	0.0%	27.4%
Financials	TEKX +20.1 points	24.3%	4.2%
Industrials	TEKX +9.5 points	17.9%	8.4%
Consumer Discretionary	XT +7.6 points	0.0%	7.6%
Technology	TEKX +4.9 points	48.1%	43.2%
Energy	TEKX +4.0 points	4.0%	0.0%
Communication	XT +3.8 points	0.0%	3.8%
Materials	TEKX +3.0 points	4.3%	1.3%
Utilities	XT +2.7 points	1.4%	4.1%
Real Estate	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in TEKX and XT, widest gap first
Country	More in TEKXMore in XT	TEKX	XT
United States	TEKX +11.2 points	88.1%	76.9%
Switzerland	XT +3.1 points	0.0%	3.1%
Japan	XT +3.1 points	0.0%	3.1%
United Kingdom	XT +2.5 points	1.2%	3.7%
China	XT +2.5 points	0.0%	2.5%
Australia	TEKX +2.2 points	2.2%	0.0%
Germany	TEKX +1.9 points	4.6%	2.7%
Spain	XT +1.5 points	0.0%	1.5%
Other countries (4)	XT +2.5 points	3.9%	6.4%

Outside the US: XT 74% developed, 26% emerging.

Concentration

Weight in the 10 largest Holdings

TEKX59.2%
XT36.5%

Securities held

TEKX33
XT193

Asset class

TEKX: Equity
XT: Equity

Holdings

Only in TEKX26
In both7
Only in XT186

Only in TEKX

26 securities, 72.0% of TEKX by weight

Riot Platforms Inc11.82%
Keel Infrastructure Corp7.71%
Cleanspark Inc4.73%
Cipher Digital Inc4.60%
Siemens Energy AG4.56%
Freeport Mcmoran Inc4.08%
Applied Digital Corp3.92%
Robinhood Markets Inc A3.65%
Taiwan Semiconductor Sp Adr2.88%
Exxonmobil Holdings Corp2.80%
Terawulf Inc2.77%
Flowserve Corp2.31%
Iren Ltd2.19%
Forgent Power Solutions Class A1.91%
Powell Industries Inc1.50%
Entergy Corp1.34%
Nvent Electric PLC1.15%
Target Hospitality Corp1.07%
Schneider Electric SE1.05%
Boost Run Inc Class A0.96%
Vertiv Holdings Co A0.93%
Core Scientific Inc0.87%
Lam Research Corp0.86%
Coherent Corp0.85%
Visa Inc Class A Shares0.74%
Mastercard Inc A0.73%

Only in XT

186 securities, 84.3% of XT by weight

Eli Lilly4.61%
Texas Instrument4.61%
Tesla Inc4.40%
Analog Devices3.38%
Johnson & Johnson3.09%
Amazon.com Inc2.52%
AbbVie2.47%
Taiwan Semiconductor Manufacturing1.82%
Broadcom Inc1.74%
Alphabet Class A1.74%
Merck & Co Inc1.71%
Roche Ps Par AG1.61%
Intuitive Surgical1.59%
Iberdrola1.49%
Novartis AG1.44%
Meta Platforms Class A1.33%
S&P Global1.30%
Astrazeneca PLC1.30%
Amgen Inc1.18%
Cisco Systems Inc1.18%
Infineon Technologies AG1.16%
Murata Manufacturing1.15%
Cloudflare Class A1.06%
Nxp Semiconductors NV1.01%
Te Connectivity PLC1.01%
Gilead Sciences0.96%
Advanced Micro Devices0.95%
Emerson Electric0.93%
Fortinet0.92%
Xiaomi0.88%
Bae Systems PLC0.83%
Pfizer0.82%
Northrop Grumman Corp0.82%
Enel0.81%
Danaher0.75%
Air Products and Chemicals0.70%
Vertex Pharmaceuticals0.66%
Ge Vernova0.61%
Sk Hynix0.61%
Bristol Myers Squibb0.60%
Rheinmetall AG0.58%
Novo Nordisk Class B0.58%
London Stock Exchange Group PLC0.55%
Engie SA0.49%
Palantir Technologies Class A0.49%
Renesas Electronics Corp0.48%
Rockwell Automation Inc0.48%
Glaxosmithkline0.47%
On Semiconductor Corp0.47%
Stmicroelectronics0.47%

Weight gaps

All 7 Holdings in both funds, largest gap first.

Holding weights in TEKX and XT, widest gap first
Holding	More in TEKXMore in XT	TEKX	XT
Hubbell IncHUBB	TEKX +4.87 points	5.08%	0.21%
NVIDIA CorpNVDA	TEKX +2.86 points	6.44%	3.58%
Amphenol Corp Class AAPH	TEKX +2.54 points	2.74%	0.20%
Palo Alto Networks IncPANW	XT +2.23 points	1.24%	3.47%
Microsoft CorpMSFT	TEKX +2.20 points	6.30%	4.09%
Micron Technology IncMU	TEKX +1.30 points	2.34%	1.04%
Crowdstrike Holdings Inc ACRWD	TEKX +0.85 points	3.60%	2.75%

All 29 TEKX holdings⁠All 193 XT 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.

TEKX vs XT Cost

Overpaying TEKX vs XT

$3,487

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

TEKX 0.65%
$12,717
XT 0.46%
$9,230

Amount$10,000

Years30 years

Cost over time

TEKX 0.65%
XT 0.46%
Overpaying

Year by year

Year	TEKX	XT	Overpaying
10	$1,163	$830	$333
20	$4,440	$3,195	$1,245
30	$12,717	$9,230	$3,487

Expense ratio

0.65%TEKX
0.46%XT, cheaper

XT0.46%TEKX0.65%

0.20%0.90%

Middle half of Disruptive Innovation funds
Median 0.65%

XT 3rd cheapest of 30 funds

TEKX 12th cheapest of 30 funds

TEKX vs XT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): TEKX 0.30%; XT 6.82%, better
Payout (12M): TEKX $0.14; XT $5.69
Last payment: TEKX $0.14; XT $0.36
Ex-dividend: TEKX Dec 29, 2025; XT Jun 15, 2026
Paid on: TEKX Dec 31, 2025; XT Jun 18, 2026
Frequency: TEKX Annual; XT Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

TEKXAnnual · 2 paymentsAll TEKX payments⁠

XTTwice a year · 23 paymentsAll XT payments⁠

TEKX vs XT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: TEKX 50.4%since Oct 2024XT 16.5%
Return per unit of riskSharpe ratio, 3 years: TEKX 0.67since Oct 2024XT 1.08
Worst fallMax drawdown, 5 years: TEKX −45.5%since Sep 2024XT −34.4%
Market sensitivityBeta, 5 years: TEKX 3.10XT 1.35; Market = 1

TEKX and XT in the news

All news⁠

ETF Filings
Golden Eagle files a second ETF without the 40% sales rule of the fund it already runs
Oct 8, 2026XT
Deep Dive
Disruptive innovation ETFs share a label, not a portfolio
Sep 11, 2026XT

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TEKX vs XT

In short

Stated mandate

Why people hold it

Worth knowing

How TEKX and XT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in TEKX

Only in XT

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Golden Eagle files a second ETF without the 40% sales rule of the fund it already runs

Disruptive innovation ETFs share a label, not a portfolio

How TEKX and XT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in TEKX

Only in XT

Weight gaps