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
$ 137.3 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
| ASTERA LABS INC | 11.3 % |
| CLOUDFLARE INC CLASS A | 8.5 % |
| LUMENTUM HOLDINGS INC | 8.0 % |
| ARM HOLDINGS PLC | 7.5 % |
| COHERENT CORP | 7.4 % |
| LAM RESEARCH CORP | 6.9 % |
| APPLIED OPTOELECTRONICS INC | 5.7 % |
| CIENA CORP | 5.4 % |
| SPACE EXPLORATION TECHNOLOGIES | 5.3 % |
| KLA CORPORATION | 4.7 % |
Constituent Breakdown
| Number of holdings | 26 |
| Herfindahl-Hirschman Index | 645 |
| Wgt avg mkt cap (mns) | $108,715 |
| Large cap (>$10bn) | 81.4% |
| Mid cap ($2-10bn) | 5.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.6% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 81.1 % |
 |
BRITAIN | 7.5 % |
 |
FINLAND | 3.9 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 25.2% | 25.1% | 45.6% | 40.1% | 19.3% | -- | -- | 18.6% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | -- | -- | 0.1% |
| Total Returns | 25.2% | 25.1% | 45.6% | 40.1% | 19.4% | -- | -- | 18.6% | Ann. Volatility | 58.0% | 55.2% | 50.8% | 45.1% | 44.2% | -- | -- | 43.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 3.01 | 50% |
| MSCI EAFE | 2.02 | 34% |
| MSCI Emg Mkts | 1.67 | 59% |
Liquidity Measures
| Avg. volume (000) | 104 |
| ADV traded (mns) | $3 |
| Turnover | 2.2% |
| Avg. Bid/Ask (% of price) | 0.10% |
Technical Indicators
| 30d moving avg. (EMA) | $41.93 |
| Relative strength (RSI) | 39 |
| MACD/Signal | -2.75/-2.19 |
| Bollinger Bands (Upper/Lower) | $50.67/$32.01 |
| Short interest (% of AUM) | 1.4% |
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 |
|---|---|---|---|---|
| EUV | Corgi Lithography & Semiconductor Photonics ETF | 25.8% | -40 bp | +0.3% |
| PHOX | Aura AI Photonics ETF | 21.7% | -15 bp | -0.5% |
| SOXQ | Invesco PHLX Semiconductor ETF | 18.6% | -56 bp | +3.2% |
| SOXX | iShares Semiconductor ETF | 16.9% | -42 bp | +12.1% |
| UFOX | Defiance Connective Technologies ETF | 16.6% | -45 bp | +2.5% |
| LRNZ | TrueShares Technology, AI & Deep Learning ETF | 16.6% | -6 bp | -1.7% |
| SMHX | VanEck Fabless Semiconductor ETF | 16.5% | -40 bp | +3.0% |
| IQM | Franklin Intelligent Machines ETF | 16.2% | -25 bp | +2.3% |
| CGPT | VegaShares AI Inference ETF | 15.8% | 0 bp | +0.0% |
| CHAT | Roundhill Generative AI & Technology ETF | 15.6% | 0 bp | +2.6% |
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 11/6/2026
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
1.5%
ALTAR SCORE™
10st
PERCENTILE
AVOID
ETFRC RATING
There are 746 funds in the Global Equity category with an average
ALTAR Score™ of 4.8% and a standard deviation
of 2.6%. SPRX's ALTAR Score™ is approximately -1.3 standard
deviations above the category average. This places SPRX in the 10st percentile
among funds in the category.
Sell-Side Consensus
$50.02
PRICE TARGET
+75.8%
UPSIDE