At a glance
KOMP charges 0.2% a year, below the 0.34% average of the 6 funds most like it (the 3rd cheapest of 7). It has $2.85B in assets, the 2nd largest of that group; it paid 1.59% of its price in distributions over the past 12 months, quarterly. Over the past year it returned −0.3% with distributions reinvested (S&P 500: +11.5%), the weakest of those 7 funds; over three years it returned +22.4% a year. At its worst it fell 38.3% in the 2020 crash (S&P 500: 33.7%) and 35.4% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 4 months and 33 months after the lows. Its ten largest positions make up 9.9% of the fund, out of 504 in all.
The short version
SPDR S&P Kensho New Economies Composite ETF (KOMP) is a State Street index fund. It tracks the S&P Kensho New Economies Composite Index, which holds companies tied to robotics, automation, artificial intelligence and other new technologies. It spreads money thinly: as of June 30, 2026, it held 504 stocks, and the top 10 made up just 9.9% of assets. Its 0.20% expense ratio is below the 0.34% average of similar funds.
Price history
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KOMP -0.3% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| KOMP official prospectus, to Dec 31, 2025 | — | +19.68% | — | +2.14% | — | +11.32% |
| KOMP price data to Oct 27, 2026 | +8.2% | -0.3% | +22.4% | +1.8% | — | +11.5% |
- Over the year to Oct 27, 2026, KOMP returned -0.3%, 7th of 7 among similar funds.
- Its 5-year annualized return was +1.8%.
- In the 2020 COVID crash it fell 38.3% and regained its old high 3.9 months after the low.
- Its worst full calendar year was 2022 (-32.2%); its best was 2020 (+61.3%).
- The deepest fall in its price history was 50.1% (Feb 16, 2021 to Oct 27, 2023), recovered by May 22, 2026.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +8.2% | — |
| 2025 | +19.7% | +19.68% |
| 2024 | +10.0% | +9.83% |
| 2023 | +20.1% | +20.22% |
| 2022 | -32.2% | -32.17% |
| 2021 | +3.7% | +3.71% |
| 2020 | +61.3% | +60.97% |
| 2019 | +37.1% | +36.90% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 37.9% over that stretch · deepest drop along the way 38.3%, back to its old high 3.9 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 35.4% over that stretch · deepest drop along the way 35.4%, back to its old high 33.3 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.3000 | |
| 2025 | $1.1000 | +107.5% |
| 2024 | $0.5300 | -10.2% |
| 2023 | $0.5900 | +3.5% |
| 2022 | $0.5700 | -32.9% |
| 2021 | $0.8500 | +117.9% |
| 2020 | $0.3900 | +30.0% |
| 2019 | $0.3000 |
What's inside
As of Jun 30, 2026, the fund held 504 securities; the ten largest made up 9.9% of assets. It also reported 9.24% in a money-market fund, most likely cash collateral from lending out shares rather than uninvested money.
| Holding | Weight | |
|---|---|---|
| Ouster Inc | 1.33% | |
| 3D Systems Corp | 1.09% | |
| Himax Technologies Inc | 1.06% | |
| Ambarella Inc | 1.04% | |
| Twist Bioscience Corp | 1.01% | |
| Bruker Corp | 0.97% | |
| Elbit Systems Ltd | 0.92% | |
| AeroVironment Inc | 0.88% | |
| KLA Corp | 0.83% | |
| Stratasys Ltd | 0.76% | |
| FuelCell Energy Inc | 0.76% | |
| Tesla Inc | 0.76% | |
| PTC Inc | 0.73% | |
| NVIDIA Corp | 0.67% | |
| Kopin Corp | 0.65% |
By country
United States 80.91%Cayman Islands 6.12%Israel 3.29%Canada 2.74%Netherlands 1.36%By asset type
Stocks 99.84%What changed recently
- Over the three months to Jun 30, 2026, investors withdrew a net $30.7M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +12.73%, +12.59%, -3.49%.
How it works
KOMP tracks the S&P Kensho New Economies Composite Index from S&P Dow Jones Indices. The index combines smaller "New Economy" subsector indexes. As of July 31, 2026, there were more than 20 of them, and each covers one area of new technology. To pick companies, a computer scans their annual SEC filings, such as Form 10-K, for set search terms and phrases. It then drops companies whose mentions fall outside the subsector's scope, companies not listed on the NYSE, Nasdaq or Cboe, and stocks that trade too thinly. An index committee checks the results.
A company is labeled "Core" if the technology is a principal part of its strategy or brings in most of its revenue. Everyone else, including suppliers, is "Non-Core." Each subsector index leans toward Core companies. The subsectors are then weighted by a risk-adjusted score: average daily return divided by the volatility of those daily returns. Subsectors with higher scores get more weight. The result is many small positions. Ouster was the largest at 1.3% as of June 30, 2026.
SSGA Funds Management, State Street's adviser, uses "sampling." That means it may hold only some of the index's stocks instead of all of them. It must keep at least 80% of net assets in index securities, and it may use futures contracts to manage cash. The prospectus reports portfolio turnover of 49%, which means roughly half the portfolio is replaced each year.
What it really costs
- KOMP charges 0.2% a year, versus an average of 0.34% for the similar funds below (3rd of 7, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $20 in the first year and $255 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| KOMP | $20 | $64 | $113 | $255 |
In a retirement portfolio
KOMP is a concentrated bet on new-technology stocks with a beta of 1.74 and a 50.1% peak-to-trough loss, so it fits best as a small side holding.
KOMP adds a wide spread of technology-driven companies. No single stock was above about 1.3% of the fund as of June 30, 2026. The trade-off is steep swings. The fund fell 38.3% in early 2020 and recovered in about four months. In the 2022 bear market it lost 35.4% and took about 33 months to get back. Its deepest drop was 50.1%, from February 2021 to October 2023, and it didn't recover until May 22, 2026. Anyone who had to sell shares in a slump like that would lock in large losses. The fund launched in 2018, so it has no 2008 record. Its yield was 1.59% as of October 27, 2026, paid quarterly, which is too small to rely on for income. Its 0.20% fee is low for a theme fund. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want broad exposure to robotics, AI and other new-technology companies for 0.20% a year, below the 0.34% average of similar funds.
- People who don't want one stock to dominate: as of June 30, 2026, the top 10 of 504 holdings made up only 9.9%.
- Long-horizon investors who can hold through deep drops, such as the 50.1% fall from 2021 to 2023 that didn't recover until May 2026.
Look elsewhere if
- Retirees who need steady income: the yield was 1.59% as of October 27, 2026, paid quarterly.
- Investors who dislike big swings: its one-year beta was 1.74 as of October 27, 2026, so it moved much more than the broad market.
- Those who want a steadier core fund: its five-year average annual return was 2.14% through December 31, 2025.
Close alternatives
Matched by closest holdings overlap from the latest N-PORT reports (no similar fund shares 20% or more of its holdings).
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| KOMP this fund | — | 0.2% | $2.85B | -0.3% | +22.4% |
| TRFM AAM Transformers ETF | 21% | 0.49% | $247.8M | +10.4% | +31.1% |
| GINN Innovate Equity ETF | 20% | 0.5% | $198.0M | +6.5% | +24.4% |
| FAD First Trust Multi Cap Growth AlphaDEX Fund | 19% | 0.62% | $577.4M | +8.6% | +25.1% |
| EUSA iShares MSCI USA Equal Weighted ETF | 17% | 0.09% | $1.93B | +12.3% | +19.6% |
| SIZE iShares MSCI USA Size Factor ETF | 17% | 0.15% | $428.8M | +12.2% | +19.6% |
| RSP Invesco S&P 500® Equal Weight ETF | 17% | 0.2% | $96.47B | +18.9% | +18.3% |
Questions investors ask
What does KOMP invest in?
KOMP invests in U.S.-listed stocks of companies tied to new technologies such as robotics, automation and artificial intelligence. It tracks the S&P Kensho New Economies Composite Index, which combines more than 20 subsector indexes. As of June 30, 2026, it held 504 stocks, and about 81% of assets were in U.S. companies. The largest positions were Ouster (1.3%), 3D Systems (1.1%), Himax Technologies (1.1%) and Ambarella (1.0%). Tesla and NVIDIA were each under 1%.
What is KOMP's expense ratio?
KOMP's expense ratio is 0.20%, according to its prospectus filed October 26, 2026. That's below the 0.34% average of the similar funds compared here. It matches RSP's 0.20%, while EUSA charges 0.09%. The SEC's standard example assumes $10,000 invested, a 5% yearly return and shares sold at the end of each period. On that basis, costs would total about $20 after one year, $64 after three, $113 after five and $255 after ten.
Does KOMP pay dividends?
Yes, KOMP pays dividends quarterly. Its trailing 12-month yield was 1.59% as of October 27, 2026, or about $1.02 per share. That's modest because many technology-focused companies pay small dividends or none at all. Payments can change from quarter to quarter. For most holders, the fund's appeal lies in possible growth more than in the income it pays.
How much did KOMP lose in 2022?
KOMP lost 32.17% in 2022, its worst calendar year since launch, according to its prospectus. Its worst quarter was the three months ending June 30, 2022, when it fell 21.59%. From January 3 to October 12, 2022, it dropped 35.4%, and it took about 33 months, until July 23, 2025, to get back to that level. Its deepest decline overall was 50.1%, from February 2021 to October 2023.
KOMP vs TRFM: what's the difference?
The main differences are cost, size and recent returns. KOMP charges 0.20% a year, and the AAM Transformers ETF (TRFM) charges 0.49%. KOMP had about $2.85 billion in net assets as of June 30, 2026, while TRFM had about $248 million as of July 31, 2026. The two funds share about 21% of their holdings. As of October 27, 2026, TRFM had returned 10.4% over one year and 31.1% a year over three years. KOMP's figures were -0.3% and 22.4%.