TEKX
SPDR Galaxy Transformative Tech Accelerators ETF
TEKX is an actively managed fund investing in disruptive technologies, including blockchain and artificial intelligence.
Global
EQUITY
Active
MANAGEMENT STYLE
6.9 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Fund sponsor | SSGA Funds Management |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 10, 2024 |
| Assets (mns) | $7 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CIPHER MINING INC | 15.5 % |
| RIOT BLOCKCHAIN INC | 10.7 % |
| TERAWULF INC. | 6.5 % |
| MICRON TECHNOLOGY INC | 4.3 % |
| NRG ENERGY INC | 4.3 % |
| SCHNEIDER ELECTRIC SA | 3.2 % |
| HUBBELL INCORPORATED CLASS B | 3.1 % |
| BITFARMS LTD. | 3.1 % |
| EQUINIX INC | 3.0 % |
| VERTIV HOLDINGS CO. CLASS A | 3.0 % |
Constituent Breakdown
| Number of holdings | 29 |
| Herfindahl-Hirschman Index | 578 |
| Wgt avg mkt cap (mns) | $191,984 |
| Large cap (>$10bn) | 67.8% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 32.2% |
| Developed mkts. | 96.7% |
| Emerging mkts. | 3.3% |
Country Exposure
 |
UNITED STATES | 79.7 % |
 |
FRANCE | 3.2 % |
 |
CANADA | 3.1 % |
 |
IRELAND | 3.0 % |
 |
TAIWAN | 2.8 % |
 |
BRITAIN | 2.8 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 6.0% | -- | -- | -- | -- | -- | 6.0% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 10 |
| Turnover | 5.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $54,114 |
Technical Indicators
| Recent close | $34.59 |
| 30d moving avg. | $30.14 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 61 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. TEKX |
Expenses vs. TEKX |
ALTAR Score™ vs. TEKX |
|---|---|---|---|---|
| WGMI | Valkyrie Bitcoin Miners ETF | 23.0% | +10 bp | -7.6% |
| DAPP | VanEck Digital Transformation ETF | 18.6% | -15 bp | -4.4% |
| IBLC | iShares Blockchain and Tech ETF | 17.9% | -18 bp | -3.2% |
| BKCH | Global X Blockchain ETF | 17.5% | -15 bp | -4.3% |
| BITQ | Bitwise Crypto Industry Innovators ETF | 16.1% | +20 bp | -3.5% |
| GFOF | Grayscale Future of Finance ETF | 15.5% | +5 bp | -2.3% |
| CRPT | First Trust SkyBridge Crypto Industry & Digital Economy ETF | 15.5% | +20 bp | -1.9% |
| SPHB | Invesco S&P 500 High Beta ETF | 14.9% | -40 bp | +1.8% |
| NETZ | TCW Transform Systems ETF | 14.8% | +10 bp | +1.9% |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 14.7% | -26 bp | -3.2% |
Risk and Returns: TEKX vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/22/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
TEKX
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
TEKX
1.6%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. TEKX's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places TEKX in the 30rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
TEKXSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| TEKX (65 bp) Percentile rank | 41 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| TEKX | 65.0 | 0.0 | 65 |
| Peer Avg. | 74.7 | 39.0 | 113.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .