SPAM
Themes Cybersecurity ETF
SPAM seeks to track a concentrated index of stocks from developed markets that derive their revenues from digital security software. Stocks are weighted based on market capitalization.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
1.7 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
Fund sponsor | |
Category | Global |
Asset class | Equity |
Website | link... |
Inception date | Dec 08, 2023 |
Assets (mns) | $2 |
Expense ratio | 35 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Annually |
Taxation | 1099 |
Stock selection | |
Weighting | Market Cap |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
FORTINET INC | 5.8 % |
TREND MICRO INC | 5.6 % |
VARONIS SYSTEMS INC | 5.4 % |
SPRINT CORP. | 5.4 % |
CACI INTERNATIONAL INC -CL A | 5.3 % |
CLEAR SECURE, INC. CLASS A | 5.2 % |
CHECK POINT SOFTWARE TECH | 5.1 % |
BOOZ ALLEN HAMILTON HOLDINGS | 4.6 % |
CYBERARK SOFTWARE LTD. | 4.6 % |
PALO ALTO NETWORKS INC | 4.5 % |
Constituent Breakdown
Number of holdings | 29 |
Herfindahl-Hirschman Index | 430 |
Wgt avg mkt cap (mns) | $18,645 |
Large cap (>$10bn) | 43.8% |
Mid cap ($2-10bn) | 44.1% |
Small cap (<$2bn) | 12.2% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 70.2 % | |
ISRAEL | 11.3 % | |
JAPAN | 7.1 % | |
AUSTRALIA | 4.2 % | |
DENMARK | 3.8 % | |
CANADA | 2.6 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 9.4% | -- | -- | -- | -- | -- | 9.4% | Volatility | 20.6% | -- | -- | -- | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.00 | 0% |
MSCI EAFE | 0.00 | 0% |
MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
Avg. volume (000) | 1 |
Turnover | 1.7% |
Avg. Bid/Ask (% of price) | 0.39% |
ADV of underlying (mns) | $3,586 |
Technical Indicators
Recent close | $28.68 |
30d moving avg. | $28.09 |
Annualized volatility | 0.0% |
Relative strength (RSI) | 50 |
Short interest (ETF) | 1.8% |
Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. SPAM |
Expenses vs. SPAM |
ALTAR Score™ vs. SPAM |
---|---|---|---|---|
IHAK | iShares Cybersecurity & Tech ETF | 71.8% | +12 bp | +1.2% |
BUG | Global X Cybersecurity ETF | 64.6% | +16 bp | +0.3% |
WCBR | WisdomTree Cybersecurity Fund | 53.3% | +10 bp | +0.1% |
HACK | ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund | 49.2% | +25 bp | +1.6% |
CIBR | First Trust NASDAQ Cybersecurity ETF | 38.9% | +25 bp | +2.2% |
FITE | SPDR S&P Kensho Future Security ETF | 23.6% | +10 bp | +0.4% |
MVPS | Amplify Thematic All-Stars ETF | 17.3% | +14 bp | +1.1% |
CLOD | Themes Cloud Computing ETF | 14.9% | 0 bp | +0.9% |
ITEQ | BlueStar Israel Technology ETF | 14.7% | +40 bp | -0.7% |
WFH | Direxion Work From Home ETF | 14.1% | +10 bp | +4.3% |
Risk and Returns: SPAM 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
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
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 10/8/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
SPAM
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
SPAM
1.9%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 363 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. SPAM's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places SPAM in the 32nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SPAMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Rules-Based Global Equity ETFs |
# of ETFs | 191 |
Avg. Expense Ratio | 55.4 bp |
Std. Deviation | 17.5 bp |
SPAM (35 bp) Percentile rank | 13 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
SPAM | 35.0 | 39.4 | 74.4 |
Peer Avg. | 51.9 | 29.4 | 81.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .