An actively managed ETF: managers pick technology, artificial intelligence and deep learning companies, including smaller and mid-sized ones.
LRNZ, the TrueShares Technology AI Deep Learning ETF, is a $44 million ETF whose main story is the productivity handoff. Over the past year it returned +49.1%, against +16.8% for broad US ETFs. Figures to October 2, 2026; past performance, not a recommendation.
The narrative it carries
Its main narrative, at 0.5 of its exposure.
The productivity handoff →
Software, cloud and online retail: the companies that sell the work AI is starting to do.
The band is where this narrative’s level sits among the 22 this week. QUIET means less talked about, not falling.
| # | ETF | SHARE | ASSETS | 1 YEAR | COST |
|---|---|---|---|---|---|
| 1 | CIBR | 31.1% | $17.32bn | +36.6% | 0.58% |
| 2 | IGV | 25.0% | $13.91bn | −6.3% | 0.38% |
| 3 | FDN | 9.4% | $5.23bn | +4.2% | 0.49% |
| 4 | SKYY | 6.0% | $3.33bn | +23.8% | 0.60% |
| 5 | HACK | 6.0% | $3.33bn | +40.0% | 0.60% |
| 163 other ETFs | 22.5% |
Share is each ETF’s slice of the capital carrying this narrative. 1 year is market price total return; cost is the expense ratio. See all 168 ETFs on the narrative page →
Also carries: The AI compute core →
The chips, memory and data centers AI runs on, and the big technology companies that build and buy them.
FRI OCT 2MARKET PRICE TOTAL RETURN
| 1M | 3M | YTD | 1Y | 3Y* | 5Y* | |
|---|---|---|---|---|---|---|
| LRNZ | +17.0% | +13.4% | +47.4% | +49.1% | +33.1% | +9.0% |
| The productivity handoffits narrative | +7.7% | +14.7% | +27.0% | +17.9% | +27.9% | +11.2% |
| The marketbroad US ETFs | +0.8% | +2.6% | +14.6% | +16.8% | +22.9% | +12.9% |
1M, 3M, 1Y, 3Y, 5Y: one month to five years. YTD: year to date. * A year, annualised. A dash means the ETF has not traded for the whole period. Since it started trading on March 2, 2020: +16.8% a year.
$10,000 invested March 31, 2020
Year by year
Total return in each calendar year; this year is year to date. A year appears only if LRNZ traded for all of it.
Total return on the market price, with each distribution reinvested on its ex-date. Not the NAV return the issuer publishes; the two differ when the ETF trades above or below the value of its holdings. The narrative is the asset-weighted return of the unlevered ETFs that carry it. The market is the asset-weighted return of broad US index ETFs. Past performance is no guarantee of future results.
FRI OCT 2MARKET PRICE TOTAL RETURN
How closely it moves
LRNZ moves closely with the market. When the market has moved 1%, LRNZ has tended to move 1.58%.
LRNZ moves closely with the productivity handoff. When the productivity handoff has moved 1%, LRNZ has tended to move 1.16%.
Weekly returns over 157 weeks. The narrative is measured without LRNZ in it, so it is not compared with itself.
ETFs it moves most and least like
Correlation of weekly returns over the last 3 years, among unlevered ETFs StoryVector covers.
Where it sits in The productivity handoff
Each dot is one of 31 unlevered ETFs whose main narrative is the productivity handoff, placed by its return (up) and how much it swung (right) over the last year.
Risk
Cost against its peers
LRNZ is the 22nd cheapest of 26 ETFs in the productivity handoff. The dashed line is the middle of the group, 0.56% a year.
How it is built
An unlevered long ETF that owns its holdings directly. It counts toward Share of Narrative.
Narrative exposure
Second narrative: read in the ETF’s own filing.
Common questions
What story is LRNZ selling?
LRNZ’s main story is the productivity handoff, which covers software, cloud and online retail: the companies that sell the work AI is starting to do. Its second is the AI compute core.
Which ETFs compete with LRNZ?
The ETFs whose weekly returns move most like LRNZ’s over the past 3 years are THNQ (0.90), JTEK (0.87) and FCLD (0.87).
How has LRNZ performed against its story?
Over the past year LRNZ returned +49.1%, the ETFs carrying the productivity handoff +17.9% and broad US ETFs +16.8%, to October 2, 2026. Its weekly returns have a correlation of 0.88 with the story. Past performance only.
Run an ETF in the productivity handoff? StoryVector shows issuers where their ETFs stand against the closest rivals, every week.
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