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Spear Alpha ETF
$46.07−0.50 (−1.07%)
- 0.75%
- $235M
- +14.2%
- 0.00%
- 0.1M sh
- $49.28
- low $32.75high $59.10
The ETF.net SPRX Grade
D
Score 38 out of 100
- 24 of 31
Score 38 of 100 falls in the D 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.D27 out of 100Rank 20 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F18 out of 100Rank 28 of 31Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A86 out of 100Rank 2 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D28 out of 100Rank 30 of 31Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C53 out of 100Rank 16 of 31
Our read on SPRX
DMost innovation ETFs buy the theme off an index. Spear Alpha is one analyst's research book: founder Ivana Delevska hand-picks a concentrated set of industrial-technology companies, from factory-floor digitalization to space, and trades them actively.
The fund seeks long-term capital growth by actively investing mainly in equity securities of companies that the adviser believes may benefit from major advances in industrial technology.
Why people hold it
- Actively run, not an index in disguise: the adviser picks companies across industrial-tech supply chains using primary research and direct contact with management.prnewswire.comspear-invest.com
- The unglamorous end of innovation: robotics, manufacturing digitalization, photonics and space, mostly via companies the prospectus pegs in the $10B to $100B range.spear-invest.comprnewswire.com
- Trades smoothly for a boutique product, one of the stronger showings on execution in its innovation peer group, and the founding manager has run it since the 2021 launch.prnewswire.com
Worth knowing
- 0.75% a year is above the typical fee in its cohort, and index rivals on the same theme (KOMP, XT) cost far less. That gap is what the stock-picking has to cover.
- Non-diversified by design, so single names swing the fund, and the prospectus notes an active approach that turns the portfolio over heavily.spear-invest.comlearn.spear-invest.com
- The stated goal is long-term capital growth, not income. One manager's judgment drives results, for better and worse.sec.gov
SPRX Holdings
- Stocks
- 28
- 70%
- ALAB
Sectors
- Technology88.8%
- Industrials9.0%
- Financials2.1%
- Communication0.1%
Geography
- United States83.64%
- United Kingdom7.78%
- Cayman Islands4.96%
- Finland3.62%
SPRX Performance
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.
SPRX$11,423
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.
| Period | SPRX |
|---|---|
| Year to date | +21.0% |
| 1 month | +2.4% |
| 3 months | −8.8% |
| 1 year | +14.2% |
| 3 years | +37.8% |
| 5 years | +18.3% |
| 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 | SPRX |
|---|---|---|
| 2026 YTD | +21.0% | |
| 2025 | +41.9% | |
| 2024 | +20.6% | |
| 2023 | +88.0% | |
| 2022 | −45.0% | |
| 2021 | +8.9% |
SPRX in the news
SPRX Dividends
- 0.00%
No distributions in the last 12 months.
Distribution history
SPRX Risk
- 40.4%
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.
- 0.93
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.
- −51.2%
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.
- 2.22
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SPRX Cost
0.75%
SPRX0.75%
- The middle half of Disruptive Innovation funds
- Median 0.65%
19 of the 31 Disruptive Innovation funds charge less.
Other funds in Disruptive Innovation
- DDARPTidal Trust II Grizzle Growth ETFExpense ratio 0.75%1 year return +42.4%
- DARKWARK Next Generation Internet ETFExpense ratio 0.76%1 year return −1.3%
- DKNOAXS Knowledge Leaders ETFExpense ratio 0.78%1 year return +27.5%
- DDUNKDana Unconstrained Equity ETFExpense ratio 0.75%1 year return +17.7%
- DTMATMain Thematic Innovation ETFExpense ratio 0.79%1 year return +8.5%