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 -22.54%/yr vs 48.52%/yr for SPRX. At a 0.36 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 -33.09% return, which is significantly lower than SPRX's 50.26% return.
ARQQ
- 1D
- -10.02%
- 1M
- 1.53%
- YTD
- -33.09%
- 6M
- -50.44%
- 1Y
- -37.97%
- 3Y*
- -22.54%
- 5Y*
- —
- 10Y*
- —
SPRX
- 1D
- -1.57%
- 1M
- 33.49%
- YTD
- 50.26%
- 6M
- 44.40%
- 1Y
- 109.60%
- 3Y*
- 48.52%
- 5Y*
- —
- 10Y*
- —
ARQQ vs. SPRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ARQQ Arqit Quantum Inc. | -33.09% | -43.67% | 227.76% | -86.87% | -84.93% | 111.95% |
SPRX Spear Alpha ETF | 50.26% | 41.91% | 20.58% | 88.02% | -44.99% | 2.53% |
Correlation
The correlation between ARQQ and SPRX is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2021 | 0.36 |
Over the past year, ARQQ and SPRX have become more correlated (0.57) than their long-term average of 0.36, meaning their price movements have been converging.
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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.
| ARQQ | SPRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.38 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 4.55 | -5.03 |
| Martin ratioReturn relative to average drawdown | -0.73 | 14.41 | -15.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ARQQ | SPRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.36 | 2.53 | -2.89 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.35 | 0.59 | -0.94 |
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 | -90.47% | -42.12% | -48.35% |
Current DrawdownCurrent decline from peak | -98.46% | -1.57% | -96.89% |
Average DrawdownAverage peak-to-trough decline | -88.80% | -17.65% | -71.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.22% | 7.63% | +44.59% |
Volatility
ARQQ vs. SPRX - Volatility Comparison
Arqit Quantum Inc. (ARQQ) has a higher volatility of 31.86% compared to Spear Alpha ETF (SPRX) at 14.91%. 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 | 31.86% | 14.91% | +16.95% |
Volatility (6M)Calculated over the trailing 6-month period | 63.00% | 35.46% | +27.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 105.68% | 43.53% | +62.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 133.95% | 41.74% | +92.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 133.95% | 41.74% | +92.21% |
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 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARQQ has higher volatility (31.86%) compared to SPRX (14.91%). In terms of maximum drawdown, ARQQ dropped -99.60% vs SPRX's -51.21%.
SPRX currently has the higher Sharpe Ratio (2.53 vs -0.36), 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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