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SPRX vs XT

Spear Alpha ETF

SPRXDNasdaq

iShares Future Exponential Technologies ETF

XTANasdaq

Overlap

Expense ratio

XT −0.29pt a year

SPRX0.75%XT0.46%

Avg volume · 30D

SPRX 1.2×the volume

SPRX82.8KXT69.1K

5Y return · a year

SPRX +3.6pt

SPRX+10.9%XT+7.3%

SPRX vs XT Performance

Oct 29, 2021 – Oct 30, 2026

+67.8%SPRX+42.3%XT

Oct 29, 2021 to Oct 30, 2026. SPRX +67.8%. XT +42.3%. Use the arrow keys to read each point.−50%0%100%150%Oct 2021Apr 2024Oct 2026
Expense ratio
SPRX 0.75%
XT 0.46%, better
Fund size
SPRX $177M
XT $3.98B
1Y total return
SPRX −16.0%
XT +20.1%, better
Yield (12M)
SPRX 0.00%
XT 6.82%, better
Holdings
SPRX 27
XT 216
Avg volume (30D)
SPRX 82.8K sh, better
XT 69.1K sh
NAV per share
SPRX $36.75
XT $83.53
52W range

ETF.net Grade

SPRX: Cost 22, Risk 14, Mission not scored, Tradability 78, Holdings 25, Durability 52. XT: Cost 95, Risk 91, Mission not scored, Tradability 77, Holdings 66, Durability 96.
Pillar letters and Scores for SPRX, XT, with each pillar’s weight
PillarSPRXXT
Cost30% weightF22A95Higher
Mission25% weightNot scoredNot scored
Risk15% weightF14A91Higher
Tradability15% weightA78HigherA77
Holdings10% weightD25B66Higher
Durability5% weightC52A96Higher

Rank among Disruptive Innovation funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. SPRX and XT are both graded against the same 30 Disruptive Innovation funds, so their Grades compare head to head.

Disruptive Innovation⁠

Category · 30 funds
See all 30 ›

XT ranks 1st and SPRX 26th of 30 funds in the Disruptive Innovation Category.

  1. Rank 1AXTiShares Future Exponential Technologies ETFScore 86
  2. Rank 2AKOMPState Street SPDR S&P Kensho New Economies Composite ETFScore 83
  3. Rank 26DDUNKDana Unconstrained Equity ETFScore 34
  4. Rank 26DSPRXSpear Alpha ETFScore 34
  5. Rank 28DTMATMain Thematic Innovation ETFScore 33

Our read on each fund

ETF.net Research

SPRXDSpear Alpha ETF

XTAiShares Future Exponential Technologies ETF

In short

SPRX Most 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.

XT Innovation, spread thin on purpose. XT holds roughly 200 global companies scored by Morningstar analysts for exposure to a handful of exponential tech themes, so no single moonshot carries the fund.

Stated mandate

SPRX 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.

XT XT seeks to track an index of stocks from developed and emerging markets whose companies create or use exponential technologies. The strategy targets technologies with potential economic benefits, including the ability to displace older technologies or create new markets.

Why people hold it

  • SPRX 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
  • XT Cheap for the theme at 0.46% a year, below the typical fee in its disruptive-innovation cohort and under peers like TRFM and FDTX.
  • Human fingerprint on the stock list: Morningstar equity analysts score companies on theme exposure instead of sorting by keywords or revenue tags.sec.govcontentstack.io
  • Global by construction (developed and emerging markets) and not fenced into the tech sector, so a drugmaker or an industrial can qualify on theme exposure.sec.gov
  • Launched in 2015 and now a multi-billion-dollar iShares fund, it stands among the stronger builds in its innovation peer group.ishares.com

Worth knowing

  • SPRX 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.comspear-invest.com 2
  • The stated goal is long-term capital growth, not income. One manager's judgment drives results, for better and worse.sec.gov
  • XT The index has been reworked since launch (weighting scheme, theme list), and themes get an annual review, so today's tilt is not fixed forever.morningstar.comsec.gov
  • Moderately traded rather than a household name, which can mean wider spreads than the biggest tech ETFs.
  • About 200 positions dilutes any single breakout winner, and distributions land only once or twice a year.

Full SPRX profile⁠

Full XT profile⁠

SPRX vs XT Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SPRX vs XT Cost

Overpaying SPRX vs XT

$5,252

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SPRX 0.75%

    $14,482

  • XT 0.46%

    $9,230

$10,000
30 years

Cost over time

  • SPRX 0.75%
  • XT 0.46%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530SPRX $14,482XT $9,230

Year by year

YearSPRXXTOverpaying
10$1,336$830$506
20$5,078$3,195$1,883
30$14,482$9,230$5,252

Expense ratio

  • 0.75%SPRX
  • 0.46%XT, cheaper
  • Middle half of Disruptive Innovation funds
  • Median 0.65%

XT 3rd cheapest of 30 funds

SPRX 20th cheapest of 30 funds

SPRX vs XT Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SPRX 0.00%
XT 6.82%, better
Payout (12M)
SPRX None
XT $5.69
Last payment
SPRX No data
XT $0.36
Ex-dividend
SPRX No data
XT Jun 15, 2026
Paid on
SPRX No data
XT Jun 18, 2026
Frequency
SPRX No data
XT Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

SPRX1 paymentAll SPRX payments⁠
One bar per payment. 1 payment from 2017 to 2026 YTD. Dec 22, 2021 $0.05. Use the arrow keys to read each point.$0$52017202020232026YTD
XTTwice a year · 23 paymentsAll XT payments⁠
One bar per payment. 23 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.24; Dec 21, 2017 $0.10; Dec 28, 2017 $0.0072; Jun 19, 2018 $0.29; Dec 18, 2018 $0.18; Dec 28, 2018 $0.02; Jun 17, 2019 $0.36; Dec 16, 2019 $0.30; Jun 15, 2020 $0.24; Dec 14, 2020 $0.19; Dec 30, 2020 $0.01; Jun 10, 2021 $0.27; Dec 13, 2021 $0.28; Jun 9, 2022 $0.22; Dec 13, 2022 $0.15; Jun 7, 2023 $0.14; Dec 20, 2023 $0.11; Jun 11, 2024 $0.16; Dec 17, 2024 $0.22; Dec 30, 2024 $0.0094; Jun 16, 2025 $0.21; Dec 16, 2025 $5.33; Jun 15, 2026 $0.36. Use the arrow keys to read each point.$0$52017202020232026YTD

SPRX vs XT Risk

Fall from peak · 5 years

  • SPRX
  • XT
Oct 29, 2021 to Oct 30, 2026. Worst fall: SPRX −51.2% · Nov 2022. Use the arrow keys to read each point.−50%−40%−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
SPRX 42.9%XT 16.5%, better
Return per unit of riskSharpe ratio, 3 years
SPRX 0.76XT 1.08, better
Worst fallMax drawdown, 5 years
SPRX −51.2%XT −34.4%, better
Market sensitivityBeta, 5 years
SPRX 2.22XT 1.35

SPRX and XT in the news

All news⁠

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