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TEKX - AI Analysis
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SPDR Galaxy Transformative Tech Accelerators ETF (TEKX)
Rating:58Neutral
Price Target:
$46.00
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered impressive gains so far this year, reflecting strong momentum in its holdings.
Diversified Sector Exposure
The fund invests across multiple sectors, including technology, financials, and industrials, reducing reliance on a single industry.
High-Performing Holdings
Several top holdings, such as Riot Platforms and Bitfarms, have shown strong year-to-date growth, contributing positively to the fund.
Negative Factors
High Concentration in Core Scientific
Core Scientific makes up over 16% of the portfolio, creating significant exposure to the performance of a single company.
Limited Geographic Diversification
The ETF is heavily focused on U.S. companies, with minimal exposure to international markets, which may limit global growth opportunities.
Relatively High Expense Ratio
The fund charges a 0.65% expense ratio, which is higher than many ETFs and could eat into long-term returns.
TEKX vs. SPDR S&P 500 ETF (SPY)
AUM2.66M
RegionGlobal
Expense Ratio0.65%
Beta1.97
IssuerSPDR
Inception DateSep 09, 2024
Dividend YieldN/A
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume684
30 Day Avg. Volume375
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
52.32Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering34
TEKX Summary
The SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) is an investment fund focused on companies driving innovation in technology. It includes businesses working in areas like artificial intelligence, robotics, and fintech, offering exposure to cutting-edge advancements. Some well-known companies in the ETF are Microsoft and TSMC, which are leaders in software and semiconductor technology. Investors might consider TEKX for potential growth opportunities in the rapidly evolving tech sector. However, it’s important to note that this ETF is heavily focused on technology, meaning its performance can be highly sensitive to changes in the tech industry and broader market trends.
How much will it cost me?The SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) has an expense ratio of 0.65%, meaning you’ll pay $6.50 per year for every $1,000 invested. This is higher than average because it is actively managed, focusing on innovative and transformative technology themes that require more research and oversight.
What would affect this ETF?The TEKX ETF, with its focus on transformative technology themes like AI, robotics, and fintech, could benefit from increased global demand for innovation and digital transformation, especially as businesses and governments invest in advanced technologies. However, it may face challenges from rising interest rates, which can impact growth-focused sectors like technology, and potential regulatory changes targeting tech companies or cryptocurrency-related businesses, given its holdings in firms like Core Scientific and Riot Platforms.
TEKX Top 10 Holdings
The SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) is heavily tilted toward technology and financial sectors, with a global mix of companies driving innovation. Core Scientific and Riot Platforms are rising stars, benefiting from strong momentum in the cryptocurrency and blockchain space, while Bitfarms has surged ahead with impressive gains. On the flip side, Strategy is lagging due to bearish technical signals and risks tied to Bitcoin exposure. Applied Materials and TSMC offer steady performance, bolstered by demand for advanced tech, but high valuations may cap further upside. Overall, TEKX is a bet on transformative tech, with a focus on cutting-edge growth.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Core Scientific Inc | 17.49% | $471.40K | $6.43B | 56.06% | 51 Neutral | |
| Riot Platforms | 6.59% | $177.52K | $7.80B | 128.25% | 58 Neutral | |
| Strategy | 3.92% | $105.74K | $72.18B | 4.12% | 42 Neutral | |
| Hubbell B | 3.80% | $102.55K | $24.98B | 10.05% | 79 Outperform | |
| Applied Materials | 3.73% | $100.43K | $185.26B | 28.07% | 77 Outperform | |
| TSMC | 3.60% | $97.02K | $1.27T | 59.14% | 81 Outperform | |
| Vertiv Holdings | 3.47% | $93.66K | $74.08B | 77.29% | 78 Outperform | |
| Entergy | 3.07% | $82.86K | $42.88B | 24.11% | 69 Neutral | |
| Microsoft | 3.07% | $82.86K | $3.91T | 29.38% | 82 Outperform | |
| Visa | 3.05% | $82.25K | $664.73B | 19.04% | 77 Outperform |
TEKX Technical Analysis
Positive
―
Price Trends
39.50
Positive
35.48
Positive
30.71
Positive
Market Momentum
1.32
Positive
59.26
Neutral
89.77
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For TEKX, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 43.46, equal to the 50-day MA of 39.50, and equal to the 200-day MA of 30.71, indicating a bullish trend. The MACD of 1.32 indicates Positive momentum. The RSI at 59.26 is Neutral, neither overbought nor oversold. The STOCH value of 89.77 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TEKX.
TEKX Peer Comparison
Comparison Results
Performance Comparison
TEKX
SPDR Galaxy Transformative Tech Accelerators ETF
44.22
14.57
49.14%
AIFD
TCW Artificial Intelligence ETF
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YNOT
Horizon Digital Frontier ETF
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IQM
Franklin Intelligent Machines ETF
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TEKY
Lazard Next Gen Technologies ETF
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WAR
U.S. Global Technology and Aerospace & Defense ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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