SMHX vs. SPRX ETF Comparison

Comparison of VanEck Fabless Semiconductor ETF (SMHX) to Spear Alpha ETF (SPRX)

SMHX

VanEck Fabless Semiconductor ETF

SMHX Description

The fund normally invests at least 80% of its total assets in securities that comprise the fund"s benchmark index. The Fabless Index is composed of U.S.-listed common stocks of companies that derive at least 50% of their revenues from the semiconductor industry and operate as fabless semiconductor companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.47

Average Daily Volume

30,347

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SPRX

Spear Alpha ETF

SPRX Description

SPRX invests in companies that are poised to benefit from breakthrough trends in industrial technology. The fund’s objective is to find underappreciated opportunities across different industrial supply chains that are beneficiaries of the secular themes discussed below: Environmental Focus and Decarbonization Manufacturing Digitalization Automation & Robotics Photonics and Additive Manufacturing Space Exploration Artificial Intelligence (AI) SPRX is an actively managed ETF that seeks long-term capital growth by investing in US listed securities (including American depositary receipts "ADRs") of industrial and technology companies relevant to the Fund’s investment themes and the ecosystem around them. SPRX invests in both “growth”, defined as companies with high and underappreciated growth prospects, and “value”, defined as opportunities that are undervalued based on an assessment of the underlying fundamentals.

Grade (RS Rating)

Last Trade

$26.43

Average Daily Volume

21,769

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMHX	SPRX
30 Days	3.55%	11.28%
60 Days	9.75%	16.53%
90 Days		15.66%
12 Months		42.23%

3 Overlapping Holdings

Symbol	Grade	Weight in SMHX	Weight in SPRX	Overlap
AMD	F	4.13%	3.34%	3.34%
MRVL	B	4.87%	7.22%	4.87%
NVDA	C	22.39%	13.96%	13.96%

SMHX Overweight 18 Positions Relative to SPRX

Symbol	Grade	Weight
AVGO	D	14.4%
SNPS	B	5.08%
CDNS	B	4.6%
QCOM	F	4.39%
ARM	D	3.9%
RMBS	C	3.62%
CRUS	D	2.98%
LSCC	D	2.92%
PI	D	2.72%
MPWR	F	2.57%
POWI	D	2.25%
SLAB	D	1.89%
AMBA	B	1.67%
SIMO	D	1.55%
ALGM	D	1.54%
SITM	B	1.47%
SYNA	C	1.47%
SMTC	B	1.4%

SMHX Underweight 25 Positions Relative to SPRX

Symbol	Grade	Weight
S	B	-9.02%
TSLA	B	-7.18%
ZS	C	-6.18%
TER	D	-4.99%
DDOG	A	-4.94%
NET	B	-4.79%
CEG	D	-4.65%
CRDO	B	-3.42%
ANET	C	-3.39%
ON	D	-2.97%
WOLF	F	-2.83%
SHOP	B	-2.72%
CFLT	B	-2.42%
GTLB	B	-2.12%
COHR	B	-1.96%
AMKR	D	-1.75%
APH	A	-1.38%
GEV	B	-1.13%
CRWD	B	-1.08%
SNOW	C	-0.97%
NRG	B	-0.76%
MU	D	-0.43%
PANW	C	-0.2%
RIO	D	-0.0%
ROK	B	-0.0%