Skip to content
etf.net

Launched · SEC filings

Themes Cybersecurity ETF

SPAMNasdaqB

$48.16−0.35 (−0.71%)

At close: Oct 13, 2026, 4:00 PM

B56/ 100

Rank 4 of 9 in Cybersecurity

B56/100Rank 4 of 9inCybersecurity
Intraday session: down, 23 prints from 48.51 to 48.16. Range 47.96 to 48.65. Use the arrow keys to read each point.48.0048.3048.4048.6010 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$7M
1Y total return
+38.8%
Yield · Last 12 months
0.31%
Holdings
41
Avg volume · 30D
0M sh
NAV per share
$49.79
52W range
low $27.43high $49.93
Launched
Filings
SEC EDGAR

The ETF.net SPAM Grade

Based on 5 of 6 pillars

B

Score 56 out of 100

Category
Cybersecurity⁠
Rank
4 of 9
Six-pillar profile for SPAM. Scores out of 100: Cost 79, Risk 49, Mission not scored, Tradability 22, Holdings 73, Durability 18. Strongest: Cost (79). Weakest: Durability (18). Based on 5 of 6 pillars.

Score 56 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A79 out of 100
    Rank 2 of 9

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C49 out of 100
    Rank 6 of 9

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F22 out of 100
    Rank 7 of 9

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A73 out of 100
    Rank 2 of 8

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F18 out of 100
    Rank 8 of 9

Our read on SPAM

ETF.net Research

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.

Stated mandate

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

  1. 01At 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.
  2. 02Pure 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.
  3. 03Roughly 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

  1. 01Assets are small and the shares trade thinly, which typically means wider spreads. Limit orders are standard practice at this size.
  2. 02It launched in December 2023, so the track record is short next to the longest-tenured funds in cybersecurity.
  3. 03Distributions arrive annual or semiannual, and about 40 stocks inside one theme concentrates the ride.

SPAM Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
41
Top-10 weight
52%
Largest holding
ZS6.2%

Sectors

  • Technology90.0%
  • Industrials5.1%
  • Communication4.4%
  • Financials0.3%
  • Real Estate0.3%

Geography

  • United States80.50%
  • Israel4.50%
  • Netherlands3.83%
  • Japan3.63%
  • Australia2.95%
  • Canada2.88%
  • Denmark1.04%
  • United Kingdom0.42%
  • Other countries (1)0.26%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001ZSZscaler Inc6.19%1,990$449K223
002OKTAOkta Inc6.09%1,946$442K260
003RBRKRubrik Inc5.60%3,385$406K148
004CRWDCrowdstrike Holdings Inc5.42%1,494$393K472
005PANWPalo Alto Networks Inc4.96%891$360K501
006CACICACI International Inc4.89%577$354K149
007FTNTFortinet Inc4.85%1,823$352K468
008SSentinelOne Inc4.81%13,609$349K124
009BAHBooz Allen Hamilton Holding Corp4.63%4,562$336K189
010FFIVF5 Inc4.44%681$322K331
011QLYSQualys Inc4.07%1,502$296K189
012CHKPCheck Point Software Technologies Ltd3.87%2,089$281K94
013NBISNebius Group NV3.82%1,321$277K186
0144704.TTrend Micro Inc/Japan3.62%5,500$263K82
015CRWVCoreWeave Inc3.51%3,175$255K246

Showing 1–15 of 41 holdings

SPAM Performance

Launched Dec 8, 2023

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
SPAM$13,878
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. SPAM $13,878. SPY $12,044. Use the arrow keys to read each point.$7,333$11,066$14,800Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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.

Trailing total return for SPAM. Periods over one year show the average yearly return.
PeriodSPAM
Year to date+58.3%
1 month+13.5%
3 months+14.6%
1 year+38.8%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SPAM
YearReturn barSPAM
2026 YTD+58.3%
2025+4.9%
2024+10.6%
2023+5.4%

Since listing, Dec 8, 2023

SPAM in the news

Filtered to SPAM · Cybersecurity

SPAM Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
0.31%Last 12 months
Payout per share
$0.15Last 12 months
Last payment
$0.15 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 24, 2024 $0.04; Dec 18, 2025 $0.15. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 18, 2025Dec 19, 2025$0.15
Dec 24, 2024Dec 26, 2024$0.04

SPAM Risk

How much the fund’s monthly returns vary, scaled to a year.
23.0%
Annualised · 33 months to Sep 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.83
vs 3-month T-bills · 33 months to Sep 2026
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.

The largest fall from a peak to the low that followed.
−24.0%
34 months · trough Feb 2026
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.

How strongly the fund’s returns move with its asset-class index.
1.08
vs its asset-class index
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

Expense ratio0.35%
  • The middle half of Cybersecurity funds
  • Median 0.47%

1 of the 9 Cybersecurity funds charge less.

SPAM costs $35.00 a year on $10,000. The median Cybersecurity fund costs $47.00.

Other funds in Cybersecurity

See others