Spear Alpha ETF (SPRX)
The fund is an actively managed ETF that invests in equity securities of companies it believes are poised to benefit from breakthrough innovation in industrial technology.
ETF Info
Aug 3, 2021
1x
No Index (Active)
Large-Cap
Growth
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Spear Alpha ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Spear Alpha ETF had a return of 16.27% year-to-date (YTD) and 40.77% in the last 12 months.
SPRX
16.27%
8.41%
14.04%
40.77%
N/A
N/A
^GSPC (Benchmark)
24.72%
1.67%
12.93%
30.55%
13.88%
11.16%
Monthly Returns
The table below presents the monthly returns of SPRX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.20% | 8.74% | -5.29% | -6.40% | 0.46% | 6.89% | -7.72% | 3.36% | 1.20% | 3.31% | 16.27% | ||
| 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% | -12.51% | -1.96% | 5.18% | -12.03% | -44.99% |
| 2021 | 5.49% | -5.60% | 10.09% | 2.64% | -3.21% | 8.91% |
Expense Ratio
SPRX features an expense ratio of 0.75%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SPRX is 46, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Spear Alpha ETF (SPRX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.05 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.24% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |
| 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.
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 51.22%, occurring on Nov 9, 2022. Recovery took 304 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -51.22% | Nov 9, 2021 | 253 | Nov 9, 2022 | 304 | Jan 29, 2024 | 557 |
| -23.7% | Feb 15, 2024 | 118 | Aug 5, 2024 | 77 | Nov 21, 2024 | 195 |
| -8.56% | Sep 7, 2021 | 20 | Oct 4, 2021 | 18 | Oct 28, 2021 | 38 |
| -4.63% | Aug 13, 2021 | 5 | Aug 19, 2021 | 3 | Aug 24, 2021 | 8 |
| -4.09% | Jan 30, 2024 | 2 | Jan 31, 2024 | 2 | Feb 2, 2024 | 4 |
Volatility
Volatility Chart
The current Spear Alpha ETF volatility is 9.38%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.