SPRX vs TMAT
Comparison between SPEAR ALPHA ETF (SPRX, ETF) and MAIN THEMATIC INNOVATION ETF (TMAT, ETF).
5-Year PerformanceSPRX has outperformed TMAT, delivering a return of +23.4% compared to +4.6%
SPRX vs TMAT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SPRX
$242M
Winner
TMAT
$242M
Expense Ratio
Winner
SPRX
0.75%
TMAT
0.82%
Max Drawdown
Winner
SPRX
51.34%
TMAT
58.64%
Sharpe Ratio
Winner
SPRX
1.69
TMAT
1.10
5Y Beta
SPRX
2.10
Winner
TMAT
1.53
P/E Ratio
Winner
SPRX
-8572.52
TMAT
49.10
Forward P/E
SPRX
46.10
Winner
TMAT
27.19
PEG Ratio
SPRX
-0.97
TMAT
N/A
5Y EPS CAGR
SPRX
N/A
TMAT
17.49%
Debt to Equity
SPRX
-167.87%
TMAT
N/A
P/S Ratio
SPRX
17.63
Winner
TMAT
3.82
P/B Ratio
SPRX
13.32
Winner
TMAT
7.37
SPRX vs TMAT - Holdings Comparison
SPRX and TMAT have 11 common holdings. Overlap is 8.53%
SPRX's top 25 holdings weight is 99.94%. TMAT's top 25 holdings weight is 50.26%.
| Rank | SPRX | TMAT |
|---|---|---|
| #1 | COHERENT CORP (COHR) - 9.00% | MICRON TECHNOLOGY INC (MU) - 3.74% |
| #2 | ARM HOLDINGS PLC ADR (ARM) - 8.17% | PALO ALTO NETWORKS INC (PANW) - 3.39% |
| #3 | ASTERA LABS INC (ALAB) - 7.15% | VICOR CORP (VICR) - 2.72% |
| #4 | KLA CORP (KLAC) - 5.89% | CIENA CORP (CIEN) - 2.65% |
| #5 | TERAWULF INC (WULF) - 5.00% | LUMENTUM HOLDINGS INC (LITE) - 2.64% |
| #6 | MKS INC (MKSI) - 4.99% | CLEAR SECURE INC ORDINARY SHARES CLASS A (YOU) - 2.56% |
| #7 | APPLIED DIGITAL CORP (APLD) - 4.88% | AAON INC (AAON) - 2.49% |
| #8 | CLOUDFLARE INC (NET) - 4.84% | CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 2.33% |
| #9 | MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC (MTSI) - 4.68% | FORTINET INC (FTNT) - 2.11% |
| #10 | AST SPACEMOBILE INC ORDINARY SHARES CLASS A (ASTS) - 4.56% | KEYSIGHT TECHNOLOGIES INC (KEYS) - 2.05% |
| #11 | NOKIA OYJ ADR (NOK) - 4.47% | ADVANCED MICRO DEVICES INC (AMD) - 1.95% |
| #12 | MARVELL TECHNOLOGY INC (MRVL) - 4.40% | MODINE MANUFACTURING CO (MOD) - 1.82% |
| #13 | ROCKET LAB CORP (RKLB) - 4.08% | VERTIV HOLDINGS CO CLASS A (VRT) - 1.71% |
| #14 | NVIDIA CORP (NVDA) - 3.93% | n/a (BSY) - 1.70% |
| #15 | INTUITIVE MACHINES INC ORDINARY SHARES CLASS A (LUNR) - 3.87% | RUBRIK INC CLASS A SHARES (RBRK) - 1.65% |
| #16 | LUMENTUM HOLDINGS INC (LITE) - 3.86% | GENERAC HOLDINGS INC (GNRC) - 1.61% |
| #17 | LAM RESEARCH CORP (LRCX) - 3.83% | AUTODESK INC (ADSK) - 1.60% |
| #18 | ARISTA NETWORKS INC (ANET) - 3.26% | n/a (HNGE) - 1.50% |
| #19 | CREDO TECHNOLOGY GROUP HOLDING LTD (CRDO) - 2.55% | TERADYNE INC (TER) - 1.50% |
| #20 | IREN LTD (IREN) - 2.53% | ADVANCED ENERGY INDUSTRIES INC (AEIS) - 1.48% |
| #21 | TERADYNE INC (TER) - 2.10% | GE VERNOVA INC (GEV) - 1.45% |
| #22 | CIENA CORP (CIEN) - 1.04% | VIAVI SOLUTIONS INC (VIAV) - 1.41% |
| #23 | ADVANCED MICRO DEVICES INC (AMD) - 0.51% | MYR GROUP INC (MYRG) - 1.41% |
| #24 | CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 0.28% | SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 1.41% |
| #25 | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.07% | BLACKBERRY LTD (BB) - 1.38% |
| Total Holdings | 31 | 89 |
SPRX vs TMAT - Historical Returns
Returns include dividend reinvestment.
1M
Winner
SPRX
+17.61%
TMAT
+4.32%
3M
Winner
SPRX
+47.31%
TMAT
+24.55%
6M
Winner
SPRX
+43.35%
TMAT
+14.85%
1Y
Winner
SPRX
+101.77%
TMAT
+33.42%
5Y(CAGR)
Winner
SPRX
+23.35%
TMAT
+4.61%
Max(CAGR)
Winner
SPRX
+23.35%
TMAT
+3.43%
SPRX vs TMAT - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | SPRX | TMAT |
|---|---|---|
| 2026 | +37.11% | +16.53% |
| 2025 | +36.86% | +18.16% |
| 2024 | +26.07% | +30.39% |
| 2023 | +90.61% | +32.08% |
| 2022 | -44.77% | -39.69% |
| 2021 | +8.91% | -17.01% |
SPRX vs TMAT Drawdown Comparison
The maximum drawdown for SPRX was -51.22%, occurring on Nov 9, 2022. Recovery took 557 trading sessions.
The maximum drawdown for TMAT was -58.55%, occurring on Oct 14, 2022. Recovery took 1155 trading sessions.
The current SPRX drawdown is -5.87%. The current TMAT drawdown is -5.34%.
| Rank | SPRX | TMAT |
|---|---|---|
| #1 | -51.22% Nov 8, 2021 - Jan 29, 2024 | -58.55% Feb 12, 2021 - Sep 19, 2025 |
| #2 | -42.12% Jan 23, 2025 - Jul 9, 2025 | -21.63% Oct 9, 2025 - May 26, 2026 |
| #3 | -24.21% Oct 31, 2025 - Apr 17, 2026 | -10.39% Jun 2, 2026 - Jun 10, 2026 |
| #4 | -23.70% Feb 14, 2024 - Nov 21, 2024 | -3.88% Sep 22, 2025 - Oct 6, 2025 |
| #5 | -14.33% Jun 2, 2026 - Jun 10, 2026 | -1.55% May 26, 2026 - May 29, 2026 |
| #6 | -11.96% Jan 6, 2025 - Jan 22, 2025 | -1.35% Oct 6, 2025 - Oct 8, 2025 |
| #7 | -10.10% Oct 9, 2025 - Oct 31, 2025 | -0.46% Feb 10, 2021 - Feb 12, 2021 |
| #8 | -8.56% Sep 3, 2021 - Oct 28, 2021 | N/A |
| #9 | -7.98% Aug 12, 2025 - Sep 9, 2025 | N/A |
| #10 | -7.12% May 14, 2026 - May 21, 2026 | N/A |
| #11 | -6.81% Apr 22, 2026 - May 6, 2026 | N/A |
| #12 | -6.57% Dec 16, 2024 - Dec 26, 2024 | N/A |
| #13 | -5.55% Dec 4, 2024 - Dec 16, 2024 | N/A |
| #14 | -5.54% Dec 26, 2024 - Jan 3, 2025 | N/A |
| #15 | -4.63% Aug 12, 2021 - Aug 24, 2021 | N/A |
Correlation
Correlation between SPRX and TMAT is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
0.91
-101
Dividend Comparison (2021 - 2025)
SPRX vs TMAT dividend yield comparison.
| Year | SPRX | TMAT |
|---|---|---|
| 2025 | 0.00% | 0.02% |
| 2022 | 0.00% | 0.34% |
| 2021 | 0.25% | 0.20% |
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