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
$ 169.9 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 | 10.1 % |
| CLOUDFLARE INC CLASS A | 9.8 % |
| COHERENT INC | 9.1 % |
| ARM HOLDINGS PLC | 8.6 % |
| LAM RESEARCH CORP | 6.9 % |
| LUMENTUM HOLDINGS INC | 6.1 % |
| KLA CORPORATION | 5.0 % |
| CIENA CORP | 5.0 % |
| APPLIED OPTOELECTRONICS INC | 5.0 % |
| MKS INSTRUMENTS INC | 5.0 % |
Constituent Breakdown
| Number of holdings | 26 |
| Herfindahl-Hirschman Index | 646 |
| Wgt avg mkt cap (mns) | $183,202 |
| Large cap (>$10bn) | 91.0% |
| Mid cap ($2-10bn) | 9.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 87.1 % |
 |
BRITAIN | 8.6 % |
 |
FINLAND | 4.3 % |
Historical Performance
Standardized Performance (as of 10/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -4.5% | -16.0% | 25.0% | 31.7% | 10.9% | -- | -- | 12.3% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | -- | -- | 0.1% |
| Total Returns | -4.5% | -16.0% | 25.0% | 31.7% | 10.9% | -- | -- | 12.3% | Ann. Volatility | 59.1% | 57.5% | 52.6% | 46.1% | 45.0% | -- | -- | 44.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 3.26 | 51% |
| MSCI EAFE | 2.08 | 32% |
| MSCI Emg Mkts | 1.75 | 59% |
Liquidity Measures
| Avg. volume (000) | 138 |
| ADV traded (mns) | $5 |
| Turnover | 2.9% |
| Avg. Bid/Ask (% of price) | 0.10% |
Technical Indicators
| 30d moving avg. (EMA) | $39.90 |
| Relative strength (RSI) | 36 |
| MACD/Signal | -3.71/-2.81 |
| Bollinger Bands (Upper/Lower) | $47.50/$29.49 |
| 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 | 25.2% | -40 bp | +0.4% |
| PHOX | Aura AI Photonics ETF | 24.6% | -15 bp | -0.3% |
| CHAT | Roundhill Generative AI & Technology ETF | 22.4% | 0 bp | +2.6% |
| LRNZ | TrueShares Technology, AI & Deep Learning ETF | 20.1% | -6 bp | -1.3% |
| BCTK | Baron Technology ETF | 17.8% | +18 bp | +0.7% |
| SOXQ | Invesco PHLX Semiconductor ETF | 17.6% | -56 bp | +3.0% |
| GARY | Mango Growth ETF | 17.4% | +2 bp | +2.9% |
| IQM | Franklin Intelligent Machines ETF | 17.3% | -25 bp | +2.2% |
| SOXX | iShares Semiconductor ETF | 16.9% | -42 bp | +2.6% |
| PSI | Invesco Semiconductors ETF | 16.9% | -20 bp | +1.9% |
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 11/12/2026
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
1.0%
ALTAR SCORE™
8th
PERCENTILE
AVOID
ETFRC RATING
There are 765 funds in the Global Equity category with an average
ALTAR Score™ of 4.7% and a standard deviation
of 2.6%. SPRX's ALTAR Score™ is approximately -1.4 standard
deviations above the category average. This places SPRX in the 8th percentile
among funds in the category.
Sell-Side Consensus
$50.02
PRICE TARGET
+40.5%
UPSIDE