Summary
Spear Alpha ETF is an ETF - a fund traded on an exchange like a stock - run by Spear. Positions inside: 27. The ten largest make up 71% of the fund.
- Yearly costs
- 0.75%
- Fund size
- $189.8M
- Positions
- 27
- Dividends
- Reinvested
- Running since
- 2021
What speaks for it
- Average yearly growth over the last five years: 14%.
What to watch
- The ten largest positions make up 71% of the fund, so its result rests on a few names.
- 89% of the fund is in one sector (Technology).
- 84% of the fund is in one country (United States).
- Costs of 0.75% a year are above the middle of comparable funds (0.44%).
- In the last five years its price once dropped by 51% from its high.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -14%
- 3 months
- -10%
- This year
- +2.8%
- 1 year
- -1.2%
- 3 years
- +133%
- 5 years
- +89%
- Avg. market cap
- $241.8B
- P/E
- 64.3x
- Forward P/E
- 40.1x
- P/S
- 10.6x
- P/B
- 9.5x
- P/FCF
- 85.7x
- EV/EBITDA
- 52.8x
- Dividend yield
- 0.32%
- ROIC
- 11.0%
- ROE
- -4.6%
- Gross margin
- 58.4%
- Operating margin
- 15.3%
- Net margin
- -3.0%
- Payout ratio
- 20.7%
- Net debt/EBITDA
- 4.9x
- Beta
- 2.22
Weighted average of the 23 largest companies, which make up 100% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 ALAstera Labs ALAB 12%
- 2 NECloudflare NET 8.3%
- 3 ARArm ARM 7.7%
- 4 COCoherent COHR 7.4%
- 5 LILumentum Holdings Inc. LITE 7.3%
- 6 LRLam Research LRCX 7.1%
- 7 AAApplied Optoelectronics, Inc. AAOI 5.8%
- 8 SPSpaceX SPCX 5.3%
- 9 CICiena CIEN 5.3%
- 10 CRCredo CRDO 4.8%
Positions in the fund: 27. The ten largest make up 71% of it.
Composition as of Oct 19, 2026.
Where is it spread?
One sector dominatesBy sector
- Technology 89%
- Industrials 9.0%
- Financials 2.1%
- Communication services 0.1%
- Other 0.00%
By country
- United States 84%
- United Kingdom 7.8%
- Cayman Islands 4.7%
- Finland 3.9%
By company size
- Mega cap 28%
- Large cap 63%
- Mid cap 9.4%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Technology (89%). Largest country: United States (84%). Largest size group: Large cap (63%).
What does it cost me?
Expensive- A year from $10,000
- $75.00
- Over 20 years
- $3,544
From every $10,000 invested the fund takes $75.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $3,544.
How has it done?
Growing over the long run- A year on average, 5 years
- +14%
- Deepest drop
- -51%
- Yearly volatility
- 56%
Average yearly growth over the last five years: 14%. Deepest drop in these years: 51% below the earlier high.
Does it pay dividends?
No, it reinvestsThe fund pays nothing out. What its holdings earn stays inside and shows in the price.
Is it easy to buy and sell?
Yes- Traded a day
- $3.59M
- Shares a day
- 91K
On an average day about $3.59M of the fund changes hands.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 64.3
- Average Bulios Score
- 52 out of 100
Weight by Bulios Fair Price
- Undervalued 0.0%
- Fairly valued 0.2%
- Overvalued 100%
On average the companies inside trade for 64.3 times their yearly profit. By Fair Price, 100% of the rated weight comes out as overvalued.
Counted from its largest companies (23), which make up 100% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
EU EUV Corgi Lithography & Semiconductor Photonics ETF | United States | 0.35% | $379.8M | - | - | 31% |
PH PHOX Aura AI Photonics ETF | United States | 0.60% | $1.36M | - | - | 28% |
EG EGGY NestYield Dynamic Income ETF | United States | 0.95% | $24.7M | -30% | Pays out | 24% |
FO FOTO Tuttle Capital Pure Play Photonics ETF | United States | 0.75% | $108.0M | - | - | 24% |
UL ULTY YieldMax Ultra Option Income Strategy ETF | United States | 1.40% | $1.53B | -54% | Pays out | 24% |
ME MEME Roundhill Investments - Meme Stock ETF | United States | 0.69% | $489.5K | -30% | - | 23% |