ARQQ vs. SPRX
ARQQ (Arqit Quantum Inc.) is a stock, while SPRX (Spear Alpha ETF) is Technology Equities fund actively managed by Spear. Over the past 3 years, ARQQ returned -0.52%/yr vs 44.95%/yr for SPRX. At a 0.35 correlation, their price movements are largely independent.
Performance
ARQQ vs. SPRX - Performance Comparison
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Returns By Period
In the year-to-date period, ARQQ achieves a 32.72% return, which is significantly lower than SPRX's 42.47% return.
ARQQ
- 1D
- 35.57%
- 1M
- 66.04%
- YTD
- 32.72%
- 6M
- 14.69%
- 1Y
- -24.73%
- 3Y*
- -0.52%
- 5Y*
- —
- 10Y*
- —
SPRX
- 1D
- -6.30%
- 1M
- 3.69%
- YTD
- 42.47%
- 6M
- 36.68%
- 1Y
- 97.27%
- 3Y*
- 44.95%
- 5Y*
- —
- 10Y*
- —
ARQQ vs. SPRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ARQQ Arqit Quantum Inc. | 32.72% | -43.67% | 227.76% | -86.87% | -84.93% | 158.92% |
SPRX Spear Alpha ETF | 42.47% | 41.91% | 20.58% | 88.02% | -44.99% | 1.72% |
Correlation
The correlation between ARQQ and SPRX is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2021 | 0.35 |
The correlation between ARQQ and SPRX shifts across timeframes, from 0.35 (all time) to 0.54 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ARQQ vs. SPRX — Risk / Return Rank
ARQQ
SPRX
ARQQ vs. SPRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arqit Quantum Inc. (ARQQ) 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.
| ARQQ | SPRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.33 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 4.04 | -4.35 |
| Martin ratioReturn relative to average drawdown | -0.45 | 12.47 | -12.93 |
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Drawdowns
ARQQ vs. SPRX - Drawdown Comparison
The maximum ARQQ drawdown since its inception was -99.60%, which is greater than SPRX's maximum drawdown of -51.21%. Use the drawdown chart below to compare losses from any high point for ARQQ and SPRX.
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Drawdown Indicators
| ARQQ | SPRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.60% | -51.21% | -48.39% |
Max Drawdown (1Y)Largest decline over 1 year | -79.78% | -24.21% | -55.57% |
Max Drawdown (3Y)Largest decline over 3 years | -89.69% | -42.12% | -47.57% |
Current DrawdownCurrent decline from peak | -96.95% | -6.67% | -90.28% |
Average DrawdownAverage peak-to-trough decline | -88.82% | -17.51% | -71.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.58% | 7.82% | +46.76% |
Volatility
ARQQ vs. SPRX - Volatility Comparison
Arqit Quantum Inc. (ARQQ) has a higher volatility of 52.32% compared to Spear Alpha ETF (SPRX) at 20.61%. This indicates that ARQQ's price experiences larger fluctuations and is considered to be riskier than SPRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARQQ | SPRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 52.32% | 20.61% | +31.71% |
Volatility (6M)Calculated over the trailing 6-month period | 77.49% | 38.30% | +39.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 111.73% | 46.83% | +64.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 135.94% | 42.31% | +93.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 135.94% | 42.31% | +93.63% |
Dividends
ARQQ vs. SPRX - Dividend Comparison
Neither ARQQ nor SPRX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ARQQ Arqit Quantum Inc. | 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
ARQQ and SPRX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARQQ has higher volatility (52.32%) compared to SPRX (20.61%). In terms of maximum drawdown, ARQQ dropped -99.60% vs SPRX's -51.21%.
SPRX currently has the higher Sharpe Ratio (2.09 vs -0.22), 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.
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