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SPRX - ETF AI Analysis
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Spear Alpha ETF (SPRX)
Rating:64Neutral
Price Target:
$39.00
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered robust returns so far this year, indicating strong momentum.
High Exposure to Technology
With nearly 90% of the portfolio in technology, the fund benefits from a sector that has performed well recently.
Top Holdings Driving Growth
Several top holdings, such as Credo Technology and Rigetti Computing, have shown strong year-to-date performance, boosting the ETF's overall returns.
Negative Factors
High Geographic Concentration
The ETF is almost entirely focused on U.S. companies, which limits diversification and increases vulnerability to domestic market risks.
Sector Over-Concentration
The fund's heavy reliance on the technology sector exposes investors to risks if the sector faces a downturn.
Above-Average Expense Ratio
The ETF charges a relatively high expense ratio compared to many other funds, which could eat into investor returns over time.
SPRX vs. SPDR S&P 500 ETF (SPY)
AUM137.58M
RegionGlobal
Expense Ratio0.75%
Beta1.97
IssuerSpear
Inception DateAug 02, 2021
Dividend YieldN/A
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume169,627
30 Day Avg. Volume147,597
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
46.98Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering26
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SPRX Summary
The Spear Alpha ETF (SPRX) is a fund focused on investing in innovative companies across high-growth sectors like technology, biotechnology, and renewable energy. It includes well-known companies such as Nvidia and Cloudflare, which are leaders in cutting-edge technologies. This ETF is designed for investors who want to be part of the future of industries like artificial intelligence and sustainable energy, offering potential for growth by aligning with emerging trends. However, it’s important to note that SPRX is heavily invested in technology, which means its performance can be highly sensitive to changes in the tech sector and market volatility.
How much will it cost me?The Spear Alpha ETF (SPRX) has an expense ratio of 0.75%, meaning you’ll pay $7.50 per year for every $1,000 invested. This is higher than average because it is actively managed, focusing on innovative and high-growth sectors that require more research and expertise.
What would affect this ETF?The Spear Alpha ETF (SPRX) could benefit from continued advancements in technology, renewable energy, and biotechnology, as these sectors are key drivers of innovation globally. However, potential risks include rising interest rates, which can negatively impact growth-focused investments, and regulatory changes in technology or energy sectors that could create uncertainty for its top holdings. Global economic conditions and competition within these industries may also influence the ETF's performance.
SPRX Top 10 Holdings
The Spear Alpha ETF (SPRX) leans heavily into technology, with nearly 90% of its portfolio focused on the sector, making it a bet on innovation. Nvidia and Arista Networks are steady performers, buoyed by their strategic positioning in AI and cloud computing, while Rigetti Computing is rising fast despite financial challenges, driven by optimism around its technological advancements. On the flip side, Astera Labs and Power Integrations are lagging, with bearish momentum and profitability concerns weighing them down. This fund’s global exposure and thematic focus make it a bold play on cutting-edge industries, though its concentration in tech adds risk.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 9.82% | $13.69M | $4.53T | 23.36% | 76 Outperform | |
| Astera Labs, Inc. | 9.76% | $13.60M | $23.88B | 43.21% | 64 Neutral | |
| Coherent Corp | 8.84% | $12.32M | $21.86B | 32.52% | 64 Neutral | |
| Credo Technology Group Holding Ltd | 8.61% | $12.00M | $25.18B | 217.61% | 71 Outperform | |
| Cloudflare | 6.42% | $8.94M | $70.85B | 103.93% | 58 Neutral | |
| Marvell | 5.39% | $7.51M | $71.94B | -12.44% | 59 Neutral | |
| Constellation Energy Corporation | 5.24% | $7.30M | $105.76B | 44.66% | 68 Neutral | |
| Ciena | 5.13% | $7.15M | $27.05B | 181.29% | 70 Outperform | |
| Advanced Micro Devices | 4.89% | $6.82M | $391.58B | 65.21% | 80 Outperform | |
| Applied Digital Corporation | 4.89% | $6.82M | $6.41B | 149.34% | 42 Neutral |
SPRX Technical Analysis
Neutral
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Price Trends
40.04
Negative
36.36
Positive
30.18
Positive
Market Momentum
-0.90
Positive
37.12
Neutral
14.85
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For SPRX, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 40.52, equal to the 50-day MA of 40.04, and equal to the 200-day MA of 30.18, indicating a neutral trend. The MACD of -0.90 indicates Positive momentum. The RSI at 37.12 is Neutral, neither overbought nor oversold. The STOCH value of 14.85 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SPRX.
SPRX Peer Comparison
Comparison Results
Performance Comparison
SPRX
Spear Alpha ETF
36.75
12.02
48.60%
ARKX
ARK Space Exploration & Innovation ETF
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BKGI
BNY Mellon Global Infrastructure Income ETF
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TMAT
Main Thematic Innovation ETF
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ILDR
First Trust Innovation Leaders ETF
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FFND
Future Fund Active ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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