SPAM ETF Holds 36 Cybersecurity Stocks But Can’t Beat the Market

Core Insights - The Themes Cybersecurity ETF (NYSEARCA:SPAM) offers investors a way to gain exposure to the evolving cybersecurity sector without the need to analyze individual companies [2][3] - Launched in December 2023, SPAM is heavily weighted towards information technology at 65%, with a smaller allocation to industrials [3] - The fund holds a diversified portfolio of 36 holdings, with Akamai Technologies (NASDAQ:AKAM) being the largest at 6%, followed by Qualys (NASDAQ:QLYS) and CACI International (NYSE:CACI) [4] Fund Structure and Fees - SPAM charges a 0.35% expense ratio, which is considered middle tier for thematic ETFs, reflecting the specialized nature of cybersecurity exposure [5] - The fund currently has $2.4 million in assets under management, which may create trading friction for larger positions [5] Performance Analysis - Since its launch, SPAM has gained approximately 19.4%, which is significantly lower than the S&P 500's performance, which was nearly four times greater during the same period [6][7] - The performance gap has widened as cybersecurity stocks face challenges while the broader market continues to rise [6]