PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ABBNY vs. SPRX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ABBNY vs. SPRX

Last updated Jun 9, 2026

ABBNY (ABB Ltd) is a stock, while SPRX (Spear Alpha ETF) is Technology Equities fund actively managed by Spear. Over the past 3 years, ABBNY returned 41.86%/yr vs 44.05%/yr for SPRX. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

ABBNY vs. SPRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ABB Ltd (ABBNY) and Spear Alpha ETF (SPRX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

The year-to-date returns for both stocks are quite close, with ABBNY having a 41.80% return and SPRX slightly lower at 39.82%.

ABBNY

1D
1.83%
1M
-2.95%
YTD
41.80%
6M
43.11%
1Y
82.41%
3Y*
41.86%
5Y*
27.12%
10Y*
21.38%

SPRX

1D
4.65%
1M
17.24%
YTD
39.82%
6M
30.97%
1Y
97.11%
3Y*
44.05%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ABBNY vs. SPRX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
ABBNY
ABB Ltd		41.80%40.49%23.75%49.62%-18.13%2.72%
SPRX
Spear Alpha ETF		39.82%41.91%20.58%88.02%-44.99%8.91%

Correlation

The correlation between ABBNY and SPRX is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.56

Correlation (3Y)
Calculated over the trailing 3-year period

0.47

Correlation (All Time)
Calculated using the full available price history since Aug 5, 2021

0.52

The correlation between ABBNY and SPRX has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ABB Ltd

Spear Alpha ETF

Often compared with ABBNY:
ABBNY vs. ETNABBNY vs. ^SSMIABBNY vs. PRYMYABBNY vs. JPMABBNY vs. DEABBNY vs. VOOABBNY vs. ^GSPC
Often compared with SPRX:
SPRX vs. AIQSPRX vs. SMHSPRX vs. SPYSPRX vs. VOOSPRX vs. SOXXSPRX vs. BOTZSPRX vs. QTUM

Return for Risk

ABBNY vs. SPRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ABBNY
ABBNY Risk / Return Rank: 9494
Overall Rank
ABBNY Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
ABBNY Sortino Ratio Rank: 9595
Sortino Ratio Rank
ABBNY Omega Ratio Rank: 9393
Omega Ratio Rank
ABBNY Calmar Ratio Rank: 9393
Calmar Ratio Rank
ABBNY Martin Ratio Rank: 9696
Martin Ratio Rank
SPRX
SPRX Risk / Return Rank: 7171
Overall Rank
SPRX Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
SPRX Sortino Ratio Rank: 6060
Sortino Ratio Rank
SPRX Omega Ratio Rank: 6262
Omega Ratio Rank
SPRX Calmar Ratio Rank: 8383
Calmar Ratio Rank
SPRX Martin Ratio Rank: 7474
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ABBNY vs. SPRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ABB Ltd (ABBNY) and Spear Alpha ETF (SPRX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

ABBNYSPRXDifference
Sharpe ratioReturn per unit of total volatility
2.79
2.17

+0.61

Sortino ratioReturn per unit of downside risk
3.86
2.55

+1.31

Omega ratioGain probability vs. loss probability

1.49

1.34

+0.15

Calmar ratioReturn relative to maximum drawdown

5.27

4.03

+1.24

Martin ratioReturn relative to average drawdown

20.73

12.67

+8.06

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ABBNY vs. SPRX - Sharpe Ratio Comparison

The current ABBNY Sharpe Ratio is 2.79, which is comparable to the SPRX Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of ABBNY and SPRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

ABBNYSPRXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.79

2.17

+0.61

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.05

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.84

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.29

0.54

-0.26

Drawdowns

ABBNY vs. SPRX - Drawdown Comparison

The maximum ABBNY drawdown since its inception was -93.98%, which is greater than SPRX's maximum drawdown of -51.21%. Use the drawdown chart below to compare losses from any high point for ABBNY and SPRX.

Loading charts...

Drawdown Indicators

ABBNYSPRXDifference

Max Drawdown

Largest peak-to-trough decline

-93.98%

-51.21%

-42.77%

Max Drawdown (1Y)

Largest decline over 1 year

-15.71%

-24.21%

+8.50%

Max Drawdown (3Y)

Largest decline over 3 years

-20.26%

-42.12%

+21.86%

Max Drawdown (5Y)

Largest decline over 5 years

-36.07%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-43.98%

—

—

Current Drawdown

Current decline from peak

-5.13%

-8.41%

+3.28%

Average Drawdown

Average peak-to-trough decline

-25.54%

-17.62%

-7.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.99%

7.69%

-3.70%

Volatility

ABBNY vs. SPRX - Volatility Comparison

The current volatility for ABB Ltd (ABBNY) is 10.45%, while Spear Alpha ETF (SPRX) has a volatility of 18.67%. This indicates that ABBNY experiences smaller price fluctuations and is considered to be less risky than SPRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

ABBNYSPRXDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.45%

18.67%

-8.22%

Volatility (6M)

Calculated over the trailing 6-month period

24.58%

37.41%

-12.83%

Volatility (1Y)

Calculated over the trailing 1-year period

29.78%

45.02%

-15.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.06%

42.01%

-15.95%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.43%

42.01%

-16.58%

Dividends

ABBNY vs. SPRX - Dividend Comparison

ABBNY's dividend yield for the trailing twelve months is around 1.18%, while SPRX has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
ABBNY
ABB Ltd		1.18%1.39%1.79%2.07%2.88%2.29%2.77%3.31%4.35%2.84%3.47%4.21%
SPRX
Spear Alpha ETF		0.00%0.00%0.00%0.00%0.00%0.25%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ABBNY and SPRX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SPRX has higher volatility (18.67%) compared to ABBNY (10.45%). In terms of maximum drawdown, ABBNY dropped -93.98% vs SPRX's -51.21%.

ABBNY currently has the higher Sharpe Ratio (2.79 vs 2.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for ABBNY and SPRX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer