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
$ 176.4 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 | 11.2 % |
| CLOUDFLARE INC CLASS A | 9.8 % |
| ARM HOLDINGS PLC | 7.7 % |
| LUMENTUM HOLDINGS INC | 7.1 % |
| COHERENT INC | 7.1 % |
| LAM RESEARCH CORP | 6.6 % |
| SPACE EXPLORATION TECHNOLOGIES | 5.8 % |
| APPLIED OPTOELECTRONICS INC | 5.5 % |
| CIENA CORP | 5.4 % |
| CREDO TECHNOLOGY GROUP HOLDING LTD. | 4.4 % |
Constituent Breakdown
| Number of holdings | 26 |
| Herfindahl-Hirschman Index | 645 |
| Wgt avg mkt cap (mns) | $114,395 |
| Large cap (>$10bn) | 89.2% |
| Mid cap ($2-10bn) | 5.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.6% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 89.2 % |
 |
BRITAIN | 7.7 % |
 |
FINLAND | 3.7 % |
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) | 81 |
| ADV traded (mns) | $3 |
| Turnover | 1.7% |
| Avg. Bid/Ask (% of price) | 0.10% |
Technical Indicators
| 30d moving avg. (EMA) | $44.42 |
| Relative strength (RSI) | 39 |
| MACD/Signal | -2.41/-1.24 |
| Bollinger Bands (Upper/Lower) | $55.39/$35.53 |
| 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 | 30.1% | -40 bp | +1.4% |
| PHOX | Aura AI Photonics ETF | 28.2% | -15 bp | +0.8% |
| GFLW | VictoryShares Free Cash Flow Growth ETF | 22.7% | -25 bp | +4.7% |
| SOXQ | Invesco PHLX Semiconductor ETF | 20.4% | -56 bp | +3.9% |
| UFOX | Defiance Connective Technologies ETF | 19.3% | -45 bp | +3.3% |
| CHAT | Roundhill Generative AI & Technology ETF | 18.8% | 0 bp | +3.7% |
| SOXX | iShares Semiconductor ETF | 18.3% | -42 bp | +3.5% |
| LRNZ | TrueShares Technology, AI & Deep Learning ETF | 18.2% | -6 bp | -0.3% |
| IPO | Renaissance IPO ETF | 17.0% | -15 bp | -3.4% |
| SMHX | VanEck Fabless Semiconductor ETF | 16.9% | -40 bp | +3.8% |
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 11/1/2026
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
0.0%
ALTAR SCORE™
4th
PERCENTILE
AVOID
ETFRC RATING
There are 755 funds in the Global Equity category with an average
ALTAR Score™ of 4.7% and a standard deviation
of 2.7%. SPRX's ALTAR Score™ is approximately -1.8 standard
deviations above the category average. This places SPRX in the 4th percentile
among funds in the category.
Sell-Side Consensus
$52.34
PRICE TARGET
+42.4%
UPSIDE