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
$ 167.1 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 | 9.6 % |
| KLA CORPORATION | 7.2 % |
| CASH & OTHER | 7.1 % |
| KARMAN HOLDINGS INC | 6.4 % |
| MKS INSTRUMENTS INC | 5.8 % |
| TERAWULF INC. | 5.4 % |
| NVIDIA CORP | 5.3 % |
| LAM RESEARCH CORP | 5.1 % |
| AEROVIRONMENT INC | 5.0 % |
| ASTERA LABS INC | 4.2 % |
Constituent Breakdown
| Number of holdings | 24 |
| Herfindahl-Hirschman Index | 525 |
| 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. | 92.9% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 92.9 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -7.5% | 79.5% | 23.2% | 33.3% | -- | -- | -- | 13.2% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | -- | 0.1% |
| Total Returns | -7.5% | 79.5% | 23.2% | 33.3% | -- | -- | -- | 13.2% | Ann. Volatility | 54.4% | 47.8% | 43.6% | 40.1% | -- | -- | -- | 41.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.94 | 59% |
| MSCI EAFE | 1.62 | 36% |
| MSCI Emg Mkts | 1.58 | 44% |
Liquidity Measures
| Avg. volume (000) | 116 |
| ADV traded (mns) | $5 |
| Turnover | 3.0% |
| Avg. Bid/Ask (% of price) | 0.12% |
Technical Indicators
| 30d moving avg. (EMA) | $38.38 |
| Relative strength (RSI) | 54 |
| MACD/Signal | 0.13/-0.37 |
| Bollinger Bands (Upper/Lower) | $41.67/$34.34 |
| 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 |
|---|---|---|---|---|
| SIXG | Defiance Connective Technologies ETF | 24.6% | -45 bp | +4.3% |
| SOXX | iShares Semiconductor ETF | 22.5% | -40 bp | +3.6% |
| SOXQ | Invesco PHLX Semiconductor ETF | 21.0% | -56 bp | +3.6% |
| PTF | Invesco Dorsey Wright Technology Momentum ETF | 20.7% | -15 bp | 0.0% |
| FTXL | First Trust Nasdaq Semiconductor ETF | 20.6% | -15 bp | +3.5% |
| PSI | Invesco Semiconductors ETF | 20.4% | -18 bp | +2.9% |
| SMH | VanEck Semiconductor ETF | 20.3% | -40 bp | +3.6% |
| SHOC | Strive U.S. Semiconductor ETF Strive U.S. Semiconductor ETF | 19.9% | -35 bp | +3.3% |
| WAR | U.S. Global Tech and Aerospace & Defense ETF | 19.1% | -15 bp | +1.3% |
| IQM | Franklin Intelligent Machines ETF | 18.5% | -25 bp | +2.4% |
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 4/20/2026
Peer Group Comparison Sample data. Subscribe for access.
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
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 585 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
$46.71
PRICE TARGET
+6.7%
UPSIDE