ARMH vs. SPRX
ARMH (Arm Holdings PLC ADRhedged ETF) and SPRX (Spear Alpha ETF) are both Technology Equities funds. Both are actively managed. A 0.56 correlation means they provide meaningful diversification when combined. ARMH charges 0.19%/yr vs 0.75%/yr for SPRX.
Performance
ARMH vs. SPRX - Performance Comparison
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Returns By Period
ARMH
- 1D
- -9.46%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPRX
- 1D
- -6.30%
- 1M
- 3.69%
- YTD
- 42.47%
- 6M
- 36.68%
- 1Y
- 97.27%
- 3Y*
- 44.95%
- 5Y*
- —
- 10Y*
- —
ARMH vs. SPRX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ARMH Arm Holdings PLC ADRhedged ETF | 19.49% |
SPRX Spear Alpha ETF | -0.89% |
Correlation
The correlation between ARMH 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 (All Time) Calculated using the full available price history since May 28, 2026 | 0.56 |
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Return for Risk
ARMH vs. SPRX — Risk / Return Rank
ARMH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPRX
ARMH vs. SPRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arm Holdings PLC ADRhedged ETF (ARMH) 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.
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.
| ARMH | SPRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.04 | — |
| Martin ratioReturn relative to average drawdown | — | 12.47 | — |
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Drawdowns
ARMH vs. SPRX - Drawdown Comparison
The maximum ARMH drawdown since its inception was -24.85%, smaller than the maximum SPRX drawdown of -51.21%. Use the drawdown chart below to compare losses from any high point for ARMH and SPRX.
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Drawdown Indicators
| ARMH | SPRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.85% | -51.21% | +26.36% |
Max Drawdown (1Y)Largest decline over 1 year | — | -24.21% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -42.12% | — |
Current DrawdownCurrent decline from peak | -16.34% | -6.67% | -9.67% |
Average DrawdownAverage peak-to-trough decline | -7.72% | -17.51% | +9.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.82% | — |
Volatility
ARMH vs. SPRX - Volatility Comparison
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Volatility by Period
| ARMH | SPRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 20.61% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 38.30% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 122.02% | 46.83% | +75.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 122.02% | 42.31% | +79.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 122.02% | 42.31% | +79.71% |
ARMH vs. SPRX - Expense Ratio Comparison
ARMH has a 0.19% expense ratio, which is lower than SPRX's 0.75% expense ratio.
Dividends
ARMH vs. SPRX - Dividend Comparison
Neither ARMH nor SPRX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ARMH Arm Holdings PLC ADRhedged ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPRX Spear Alpha ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.25% |
Frequently Asked Questions
ARMH 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.
On fees, ARMH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ARMH is cheaper with a 0.19% expense ratio, compared with 0.75% for SPRX.
ARMH and SPRX have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Precidian and Spear. Their fees differ too: 0.19% for ARMH and 0.75% for SPRX.
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