ARMH vs. SPRX
ARMH (Arm Holdings PLC ADRhedged ETF) and SPRX (Spear Alpha ETF) are both Technology Equities funds. Both are actively managed. Their 0.71 correlation means they have sometimes moved together and sometimes differently. 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
- -0.07%
- 1M
- -24.02%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SPRX
- 1D
- 4.53%
- 1M
- -12.28%
- 6M
- 9.85%
- YTD
- 15.61%
- 1Y
- 38.42%
- 3Y*
- 33.78%
- 5Y*
- 17.38%
- 10Y*
- —
- ALL TIME*
- 17.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $185.31K | $454.05K | $691.73K | |
SPRX Spear Alpha ETF | $6.76M | $5.78M | $7.67M |
ARMH vs. SPRX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ARMH Arm Holdings PLC ADRhedged ETF | -22.64% |
SPRX Spear Alpha ETF | -19.57% |
Correlation
The correlation between ARMH and SPRX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 28, 2026 | 0.71 |
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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 | — | 1.16 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.08 | — |
| Martin ratioReturn relative to average drawdown | — | 3.74 | — |
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Drawdowns
ARMH vs. SPRX - Drawdown Comparison
The maximum ARMH drawdown since its inception was -48.81%, roughly equal to 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 | -48.81% | -51.21% | +2.40% |
Max Drawdown (1Y)Largest decline over 1 year | — | -35.87% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -42.12% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -51.21% | — |
Current DrawdownCurrent decline from peak | -45.83% | -24.26% | -21.57% |
Average DrawdownAverage peak-to-trough decline | -23.50% | -17.53% | -5.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 10.30% | — |
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 | — | 21.39% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 43.52% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 97.98% | 52.25% | +45.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 97.98% | 43.25% | +54.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.98% | 43.25% | +54.73% |
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 0.71, 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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