State Street SPDR S&P Kensho New Economies Composite ETFKOMP

The SPDR S&P Kensho New Economies Composite ETF (KOMP) is marketed as a way to invest in the future of innovation, but a closer look reveals it’s just a basket of well-known tech stocks with a hefty expense ratio. The fund’s top holdings include giants like Tesla, NVIDIA, and Amazon, which are hardly the scrappy startups the marketing might suggest.

KOMP tracks the S&P Kensho New Economies Composite Index, which is designed to capture companies that are driving innovation across various sectors. However, the fund’s concentration in mega-cap tech stocks raises questions about how much it actually represents the ‘new economy.’ The expense ratio of 0.45% is also a point of concern, as it’s higher than many other ETFs that offer similar exposure.

According to the official ETF issuer, State Street Global Advisors, the fund has $1.94 trillion in assets under management as of March 31, 2026. This figure includes $184.18 billion in gold assets related to SPDR products. The fund’s dividends are distributed by SSGA Funds Management, Inc., and State Street Bank and Trust Company serves as the servicing agent (source: Official ETF issuer, https://www.ssga.com/us/en/intermediary/etfs).

The fund’s performance can be tracked on Nasdaq, where it’s listed under the ticker KOMP. However, the source directs readers to be aware that the fund’s marketing may not fully reflect its underlying holdings. The S&P 500 Index, which is also tracked by State Street, is a more traditional benchmark that includes many of the same companies found in KOMP (source: Official product/news rail, https://www.ssga.com/us/en/intermediary/fund-finder).

While KOMP offers exposure to some of the most innovative companies in the world, the source directs readers to carefully consider the fund’s expense ratio and concentration in mega-cap tech stocks. The fund’s marketing may suggest a more diverse and innovative portfolio than it actually delivers, so it’s important to do your own research before investing (source: Official product/news rail, https://www.ssga.com/us/en/intermediary/resources/documents/etf-dividend-distributions).

For those looking for a more diversified exposure to the ‘new economy,’ it may be worth considering other ETFs that offer a broader range of holdings. The S&P Kensho New Economies Composite Index is just one of many benchmarks that State Street tracks, and the source directs readers to compare the fund’s holdings and expense ratio to other options before making a decision (source: Official product/news rail, https://www.ssga.com/us/en/intermediary/sitemap).