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TNXT vs XITK

T. Rowe Price Innovation Leaders ETF

TNXTBNasdaq

State Street SPDR FactSet Innovative Technology ETF

XITKANYSE Arca

Overlap

Expense ratio

XITK −0.04pt a year

TNXT0.49%XITK0.45%

Avg volume · 30D

XITK 3.1×the volume

TNXT684XITK2.15K

TNXT vs XITK Performance

Jul 31, 2026 – Oct 30, 2026

+2.6%TNXT+2.8%XITK

Jul 31, 2026 to Oct 30, 2026. TNXT +2.6%. XITK +2.8%. Use the arrow keys to read each point.5%7.5%10%12.5%Jul 2026Sep 2026Oct 2026
Expense ratio
TNXT 0.49%
XITK 0.45%, better
Fund size
TNXT $19M
XITK $67M
1Y total return
TNXT No data
XITK +0.6%
Yield (12M)
TNXT No data
XITK 0.00%
Holdings
TNXT 261
XITK 95
Avg volume (30D)
TNXT 684 sh
XITK 2.15K sh, better
NAV per share
TNXT $27.79
XITK $197.42
52W range

ETF.net Grade

TNXT: Cost 81, Risk 88, Mission not scored, Tradability 23, Holdings 72, Durability 25. XITK: Cost 95, Risk 37, Mission not scored, Tradability 65, Holdings 81, Durability 73.
Pillar letters and Scores for TNXT, XITK, with each pillar’s weight
PillarTNXTXITK
Cost30% weightA81A95Higher
Mission25% weightNot scoredNot scored
Risk15% weightA88HigherD37
Tradability15% weightF23B65Higher
Holdings10% weightA72A81Higher
Durability5% weightD25A73Higher

Rank among Disruptive Innovation funds

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

Same Category. TNXT and XITK 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 ›

XITK ranks 4th and TNXT 6th of 30 funds in the Disruptive Innovation Category.

  1. Rank 1AXTiShares Future Exponential Technologies ETFScore 86
  2. Rank 2AKOMPState Street SPDR S&P Kensho New Economies Composite ETFScore 83
  3. Rank 3ATRFMAAM Transformers ETFScore 74
  4. Rank 4AXITKState Street SPDR FactSet Innovative Technology ETFScore 73
  5. Rank 5AGINNGoldman Sachs Innovate Equity ETFScore 70
  6. Rank 6BFDTXFidelity Disruptive Technology ETFScore 65
  7. Rank 6BTNXTT. Rowe Price Innovation Leaders ETFScore 65
  8. Rank 9BFRWDNomura Transformational Technologies ETFScore 59

Our read on each fund

ETF.net Research

TNXTBT. Rowe Price Innovation Leaders ETF

XITKAState Street SPDR FactSet Innovative Technology ETF

In short

TNXT T. Rowe Price's answer to disruptive innovation is the un-concentrated one: an active book of roughly 150 to 250 innovators across tech, healthcare and financials, priced under the typical thematic fund.

XITK Most innovation funds pick a theme and hope. XITK lets the data pick: FactSet ranks tech and electronic-media segments by growth, keeps the top quartile, then equal-weights roughly 100 names so no single giant runs the show.

Stated mandate

TNXT The fund seeks long-term capital growth by investing in companies leading innovation and developing advanced technologies, products, or services. Its approach combines evaluation of innovation-driven growth trends with fundamental, bottom-up company analysis.

XITK The fund seeks to track the total return of the FactSet Innovative Technology Index before fees and expenses. Its mandate targets innovative technology-related companies with robust revenue growth and leading-edge products or services.

Why people hold it

  • TNXT A 0.49% expense ratio puts an actively managed, research-driven thematic fund below the median fee in its disruptive-innovation peer group.troweprice.com
  • Anticipates 150 to 250 holdings, spreading the theme across a broad roster instead of a handful of high-conviction names.troweprice.com
  • Innovation is not treated as a tech-only story: the mandate spans technology, healthcare and financials, with room to follow new ideas into other industries.troweprice.com
  • Two portfolio managers from T. Rowe Price's Multi-Asset Division run it, pairing top-down innovation-trend work with bottom-up company research.troweprice.com
  • XITK Costs 0.45% a year, comfortably under the 0.65% median for disruptive-innovation funds, and it does it inside a plain index wrapper from a major ETF shop.
  • Equal weighting at each reset gives the hundredth holding the same slot as the first, so results lean on the whole basket rather than two or three mega-caps.factset.com
  • Screens segments, not slogans: only companies drawing most of their revenue from the fastest-growing corners of tech and electronic media make the cut.factset.comssga.com
  • Trading since 2016, giving it a live record across several tech cycles, and it sits in the upper tier of our innovation-fund cohort review.

Worth knowing

  • TNXT Launched in 2026, so there is no long track record yet and risk readings rest on a short history.
  • Assets and trading are still small, which can mean wider spreads than the category's heavily traded names.
  • Index-based peers such as KOMP charge 0.20%, so the extra fee here buys active stock picking rather than cheap beta.
  • XITK Growth-screened tech, equal-weighted, means smaller names carry a giant's weight. Expect a rougher ride than a cap-weighted tech fund.
  • Thinly traded for its category and modest in size, so bid-ask spreads can run wider than the household-name tech ETFs.
  • Cheaper shelfmates exist: KOMP runs a broad new-economy basket for 0.20%.

Full TNXT profile⁠

Full XITK profile⁠

TNXT vs XITK 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.

TNXT vs XITK Cost

Overpaying TNXT vs XITK

$751

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

  • TNXT 0.49%

    $9,792

  • XITK 0.45%

    $9,041

$10,000
30 years

Cost over time

  • TNXT 0.49%
  • XITK 0.45%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530TNXT $9,792XITK $9,041

Year by year

YearTNXTXITKOverpaying
10$883$812$71
20$3,394$3,128$266
30$9,792$9,041$751

Expense ratio

  • 0.49%TNXT
  • 0.45%XITK, cheaper
  • Middle half of Disruptive Innovation funds
  • Median 0.65%

XITK 2nd cheapest of 30 funds

TNXT 4th cheapest of 30 funds

TNXT vs XITK Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
TNXT No data
XITK 0.00%
Payout (12M)
TNXT None
XITK None

Distribution history

Per share, 2016 to 2023, same scale for both

TNXTAll TNXT payments⁠

No distribution history available.

XITK11 paymentsAll XITK payments⁠
One bar per payment. 11 payments from 2016 to 2023. Sep 16, 2016 $0.03; Dec 16, 2016 $1.06; Dec 15, 2017 $1.36; Dec 24, 2018 $1.24; Dec 23, 2019 $0.16; Dec 21, 2020 $0.13; Jun 21, 2022 $0.06; Sep 19, 2022 $0.05; Jun 20, 2023 $0.0071; Sep 18, 2023 $0.0094; Dec 18, 2023 $0.10. Use the arrow keys to read each point.$0$1201720202023

TNXT vs XITK Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
TNXT No dataXITK 25.4%
Return per unit of riskSharpe ratio, 3 years
TNXT No dataXITK 0.63
Worst fallMax drawdown, 5 years
TNXT No dataXITK −61.4%
Market sensitivityBeta, 5 years
TNXT 1.22XITK 1.67

TNXT and XITK in the news

All news⁠

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