SPRX
Spear Alpha ETF
SPRX actively invests in global thematic companies it believes will benefit from breakthrough innovations in the industrial and technology space.
Global
EQUITY
Active
MANAGEMENT STYLE
$ 258.6 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Inception date | Aug 02, 2021 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| COHERENT INC | 8.5 % |
| ARM HOLDINGS PLC | 7.7 % |
| ASTERA LABS INC | 7.7 % |
| KLA CORPORATION | 5.9 % |
| TERAWULF INC. | 5.5 % |
| APPLIED BLOCKCHAIN INC | 5.5 % |
| MKS INSTRUMENTS INC | 5.2 % |
| ROCKET LAB CORP | 5.1 % |
| MA-COM TECHNOLOGY SOLUTIONS | 4.8 % |
| AST SPACEMOBILE, INC. CLASS A | 4.7 % |
Constituent Breakdown
| Number of holdings | 29 |
| Herfindahl-Hirschman Index | 474 |
| Wgt avg mkt cap (mns) | $256,959 |
| Large cap (>$10bn) | 72.8% |
| Mid cap ($2-10bn) | 12.5% |
| Small cap (<$2bn) | 1.6% |
| Developed mkts. | 95.6% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 89.6 % |
 |
BRITAIN | 7.7 % |
 |
FINLAND | 4.2 % |
 |
AUSTRALIA | 2.6 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 42.4% | 106.7% | 57.7% | 46.0% | -- | -- | -- | 23.2% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | -- | 0.1% |
| Total Returns | 42.4% | 106.7% | 57.7% | 46.0% | -- | -- | -- | 23.3% | Ann. Volatility | 50.5% | 43.3% | 44.9% | 40.6% | -- | -- | -- | 41.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 2.64 | 52% |
| MSCI EAFE | 1.56 | 30% |
| MSCI Emg Mkts | 1.44 | 44% |
Liquidity Measures
| Avg. volume (000) | 144 |
| ADV traded (mns) | $8 |
| Turnover | 3.3% |
| Avg. Bid/Ask (% of price) | 0.11% |
Technical Indicators
| 30d moving avg. (EMA) | $47.98 |
| Relative strength (RSI) | 65 |
| MACD/Signal | 3.20/2.56 |
| Bollinger Bands (Upper/Lower) | $57.02/$40.74 |
| Short interest (% of AUM) | 0.9% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SPRX |
Expenses vs. SPRX |
ALTAR Score™ vs. SPRX |
|---|---|---|---|---|
| AGIX | KraneShares Artificial Intelligence and Technology ETF | 39.6% | +24 bp | +2.2% |
| UFOX | Defiance Connective Technologies ETF | 30.5% | -45 bp | +2.6% |
| SIXG | Defiance Connective Technologies ETF | 29.5% | -45 bp | +4.1% |
| RKNG | Defiance Retail Kings ETF | 27.5% | +4 bp | -0.5% |
| EUV | Corgi Lithography & Semiconductor Photonics ETF | 25.2% | -40 bp | +1.5% |
| SMHX | VanEck Fabless Semiconductor ETF | 23.1% | -40 bp | +2.7% |
| SOXX | iShares Semiconductor ETF | 22.8% | -40 bp | +2.7% |
| PSI | Invesco Semiconductors ETF | 22.1% | -18 bp | +2.3% |
| PTF | Invesco Dorsey Wright Technology Momentum ETF | 21.7% | -15 bp | +0.0% |
| SOXQ | Invesco PHLX Semiconductor ETF | 21.4% | -56 bp | +2.7% |
Risk and Returns: SPRX vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
-0.7%
ALTAR SCORE™
3rd
PERCENTILE
AVOID
ETFRC RATING
There are 727 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% and a standard deviation
of 2.6%. SPRX's ALTAR Score™ is approximately -1.9 standard
deviations above the category average. This places SPRX in the 3rd percentile
among funds in the category.
Sell-Side Consensus
$44.18
PRICE TARGET
-24.8%
UPSIDE