SPRX vs TRFM: holdings overlap, shared companies and scores
As of October 9, 2026, SPRX and TRFM overlap 12.0% by weight. Spear Alpha ETF (SPRX): Industrial tech and AI innovators. AAM Transformers ETF (TRFM): Tracks ~240 transformative companies
Updated October 9, 2026
Where SPRX and TRFM trade against their own history
SPRX trades at 66.8 times earnings, against its own median of 59.0, and is more expensive than 73% of its own 26 monthly readings since 2021.
TRFM trades at 33.6 times earnings, against its own median of 34.6, and is cheaper than 58% of its own 52 monthly readings since 2022.
What moved SPRX this week
SPRX fell 3.5% in the week to October 9, 2026. The holdings that moved it most were Arm (−13.4%), Lam Research (−8.2%) and Coherent (−7.2%); Ciena (+14.9%) pushed the other way.
What do SPRX and TRFM each hold?
What's inside SPRX: Tech 86%, Semiconductors 40%.
68% of SPRX is its ten largest holdings.
What's inside TRFM: Tech 55%, Semiconductors 21%.
9% of TRFM is its ten largest holdings.
How much do SPRX and TRFM overlap? 12.0% by weight
As of October 9, 2026, SPRX and TRFM overlap 12.0% by weight.
87% of SPRX is already inside TRFM.
14% of TRFM is already inside SPRX.
SPRX holds 27 companies and TRFM holds 271; 22 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score SPRX and TRFM? 5.6 and 6.4 out of 10
As of October 9, 2026, ETF Copilot scores SPRX 5.6 out of 10 and TRFM 6.4 out of 10.
They differ most on Value: SPRX 1.9 and TRFM 7.2.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | SPRX | TRFM |
|---|---|---|
| Growth | 10.0 | 8.6 |
| Value | 1.9 | 7.2 |
| Risk | 0.3 | 2.0 |
| Quality | 3.5 | 3.4 |
| Return | 8.7 | 8.6 |
TRFM is the cheaper of the two at 0.49% a year
As of October 9, 2026, SPRX charges 0.75% a year and holds $232M in assets across 27 positions.
As of October 9, 2026, TRFM charges 0.49% a year, yields 0.13% and holds $345M in assets across 271 positions.
| Measure | SPRX | TRFM |
|---|---|---|
| Expense ratio | 0.75% | 0.49% |
| Dividend yield | — | 0.13% |
| Assets under management | $232M | $345M |
| Holdings | 27 | 271 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “SPRX vs TRFM holdings overlap and scores”, as of October 9, 2026.
https://etf-copilot.com/compare/sprx-vs-trfm
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