- Issuer
- Spear
- Inception Date
- Aug 3, 2021
- Category
- Technology Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $259M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
SPRX Performance Chart
Spear Alpha ETF (SPRX) is up 52.1% since the beginning of the year. SPRX is currently trading at $59 per share.
Loading charts...
Returns By Period
Spear Alpha ETF (SPRX) has returned 52.05% so far this year and 111.49% over the past 12 months.
Spear Alpha ETF
- 1D
- 1.05%
- 1M
- 10.66%
- YTD
- 52.05%
- 6M
- 45.08%
- 1Y
- 111.49%
- 3Y*
- 48.13%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SPRX Monthly Returns History
Based on dividend-adjusted daily data since Aug 4, 2021, SPRX's average daily return is +0.12%, while the average monthly return is +2.39%. At this rate, an investment would double in approximately 2.4 years.
Historically, 61% of months were positive and 39% were negative. The best month was May 2023 with a return of +28.0%, while the worst month was Apr 2022 at -17.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, SPRX closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +16.8%, while the worst single day was Jan 27, 2025 at -13.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.18% | -3.78% | -8.64% | 21.31% | 27.00% | 6.75% | 52.05% | ||||||
| 2025 | 2.51% | -14.67% | -16.43% | 7.61% | 24.32% | 11.57% | 12.50% | 1.77% | 13.69% | 13.50% | -9.81% | -2.38% | 41.91% |
| 2024 | 1.20% | 8.74% | -5.29% | -6.40% | 0.46% | 6.89% | -7.72% | 3.36% | 1.20% | 3.31% | 12.29% | 2.80% | 20.58% |
| 2023 | 16.54% | 2.76% | 4.78% | -8.30% | 27.96% | 4.26% | 7.73% | -6.47% | -5.24% | -8.27% | 20.45% | 16.10% | 88.02% |
| 2022 | -13.16% | 2.01% | 5.55% | -17.55% | -8.54% | -9.69% | 10.10% | -1.11% | -12.52% | -1.96% | 5.18% | -12.03% | -44.99% |
| 2021 | 5.72% | -5.60% | 10.09% | 2.64% | -3.21% | 9.15% |
Benchmark Metrics
Spear Alpha ETF has an annualized alpha of 7.73%, beta of 1.93, and R2 of 0.61 versus S&P 500 Index. Calculated based on daily prices since August 04, 2021.
- This ETF captured 198.15% of S&P 500 Index gains and 131.24% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF generated an annualized alpha of 7.73% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 1.93 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- 7.73%
- Beta
- 1.93
- R²
- 0.61
- Upside Capture
- 198.15%
- Downside Capture
- 131.24%
Expense Ratio
SPRX has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SPRX ranks 73 for risk / return — better than 73% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Spear Alpha ETF (SPRX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPRX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.63 | 2.78 | +1.85 |
| Martin ratioReturn relative to average drawdown | 14.32 | 12.44 | +1.88 |
Dividends
Dividend History
Spear Alpha ETF provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.25% |
Monthly Dividends
The table displays the monthly dividend distributions for Spear Alpha ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.05 | $0.05 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Spear Alpha ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Spear Alpha ETF was 51.21%, occurring on Nov 9, 2022. Recovery took 304 trading sessions.
The current Spear Alpha ETF drawdown is 0.39%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -51.21%Nov 2022 | 1y | 1y 2mo | 2y 2moNov 2021 - Jan 2024 |
2025 selloff2025 | -42.12%Apr 2025 | 2mo 10d | 3mo 6d | 5mo 16dJan 2025 - Jul 2025 |
2026 bear market2026 | -24.21%Mar 2026 | 4mo 27d | 18d | 5mo 15dNov 2025 - Apr 2026 |
2024 bear market2024 | -23.70%Aug 2024 | 5mo 22d | 3mo 18d | 9mo 10dFeb 2024 - Nov 2024 |
2026 correction2026 | -14.33%Jun 2026 | 7d | — | 20d 7hJun 2026 - now |
Drawdown Indicators
| SPRX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.21% | -56.78% | +5.57% |
Max Drawdown (1Y)Largest decline over 1 year | -24.21% | -9.10% | -15.11% |
Max Drawdown (3Y)Largest decline over 3 years | -42.12% | -18.90% | -23.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.39% | -1.80% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -17.52% | -10.71% | -6.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.81% | 2.03% | +5.78% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with SPRX
Add Spear Alpha ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with SPRX