Themes Cybersecurity ETF
$47.60+0.28 (+0.60%)
- Expense ratio
- 0.35%
- Fund size
- $7M
- 1Y return
- +33.7%
- Yield · Last 12 months
- 0.32%
- Holdings
- 36
- Volume · 30D
- 0M sh
- NAV per share
- $45.37
- 52W range
The ETF.net SPAM Grade
Score 56 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 79Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 48Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 23Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 73Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.FScore 20Category rank
Our read on SPAM
BBest ticker on the tape, and a genuinely cheap one: SPAM holds the 35 largest digital-security software companies for 0.35% a year, less than the typical cybersecurity fund. A concentrated, software-only cut of the theme.
The fund seeks to follow the Solactive Cyber Security Index, which selects the 35 largest digital-security software companies by market capitalization.
Why people hold it
- At 0.35% a year it comes in under the median cybersecurity ETF, and the group's bigger names (IHAK, CIBR, HACK, BUG) all charge more.
- Pure play by design: the Solactive index selects the 35 largest digital-security software companies by market cap, so the theme is not padded out with loosely related hardware.
- Roughly 40 holdings, rules-based and passive, spanning US and developed international security names. You can see exactly what you own and why it is in there.
Worth knowing
- Assets are small and the shares trade thinly, which typically means wider spreads. Limit orders are standard practice at this size.
- It launched in December 2023, so the track record is short next to the longest-tenured funds in cybersecurity.
- Distributions arrive annual or semiannual, and about 40 stocks inside one theme concentrates the ride.
SPAM Holdings
- Stocks
- 36
- 50%
- ZS
Sectors
- Technology89.4%
- Industrials6.0%
- Communication4.0%
- Financials0.3%
- Real Estate0.2%
Geography
- United States79.18%
- Israel4.73%
- Netherlands4.35%
- Australia3.60%
- Japan3.42%
- Canada2.91%
- Denmark1.05%
- United Kingdom0.49%
- 0.28%
SPAM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | SPAM |
|---|---|
| Year to date | +54.4% |
| 1 month | +8.3% |
| 3 months | +25.3% |
| 1 year | +33.7% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SPAM |
|---|---|---|
| 2026 YTD | +54.4% | |
| 2025 | +4.9% | |
| 2024 | +10.6% | |
| 2023 | +5.4% |
SPAM in the news
ETF.net Research hasn’t filed on SPAM yet — coverage lands here as it’s written.
SPAM Dividends
- 0.32%
- $0.15
- $0.15 per share
- Irregular
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 18, 2025 | Dec 19, 2025 | $0.15 |
| Dec 24, 2024 | Dec 26, 2024 | $0.04 |
SPAM Risk
- 23.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.78
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −24.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.11
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SPAM Cost
- The middle half of Cybersecurity funds
- Median 0.47%
1 of the 9 Cybersecurity funds charge less.