Cathie Wood’s newly debuted space-focused ETF, ARKX, seeks to tap gains from the growing space industry. The ETF doesn’t just hold traditional space stocks. It also includes technology companies that could add value or profit from aerospace operations. Both Trimble (TRMB) and Iridium (IRDM) are examples of such and are among ARKX’s top 10 holdings. Which stock is better? Find out more. Trimble Inc. is a technology company based in Sunnyvale (Calif.). It offers solutions for professionals and field workers that can enhance or transform work processes around the world. It is divided into four sections: Buildings and Infrastructure; Geospatial and Resources and Utilities. Comparatively Iridium Communications Inc. (NASDAQ:), McLean Va. provides voice and data communication services worldwide to U.S. government and other governments.

ARK Investment Management LLC, or ARK Invest is an investment adviser that focuses on disruptive innovation. It gained prominence after it achieved colossal stock markets gains in 2020. Cathie Wood’s newly added ARK Space Exploration & Innovation ETF (ARKX) began trading on March 30. “Space is already an invisible backbone to our economy, and we think that’s only going to become more so as [satellite] constellations launch,” said Ark Invest analyst Sam Korus.

It does not target traditional space stocks. Instead, the ETF targets companies in technology such as artificial intelligence, robotics and materials. Both TRMB and IRDM are among ARKX’s top 10 holdings. With a 9.4% portfolio weighting, TRMB is ARXX’s top holding, while IRDM holds the seventh position, with a 5.2% portfolio weighting as of October 21. IRDM gained 16.1% in the last six months while TRMB gained 8.9%. In terms of their past year’s performance, TRMB is the winner with 66.6% gains versus IRDM’s 46.8%. Also, TRMB’s 29.6% gains year-to-date compares with IRDM’s 6.1% returns.

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