AVGO vs. SPRX
AVGO (Broadcom Inc.) is a stock, while SPRX (Spear Alpha ETF) is Technology Equities fund actively managed by Spear. Over the past 3 years, AVGO returned 67.17%/yr vs 43.37%/yr for SPRX. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
AVGO vs. SPRX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AVGO achieves a 10.62% return, which is significantly lower than SPRX's 43.69% return.
AVGO
- 1D
- -0.91%
- 1M
- -8.33%
- YTD
- 10.62%
- 6M
- 6.58%
- 1Y
- 50.41%
- 3Y*
- 67.17%
- 5Y*
- 55.09%
- 10Y*
- 40.96%
SPRX
- 1D
- 1.50%
- 1M
- 12.60%
- YTD
- 43.69%
- 6M
- 43.35%
- 1Y
- 101.77%
- 3Y*
- 43.37%
- 5Y*
- —
- 10Y*
- —
AVGO vs. SPRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AVGO Broadcom Inc. | 10.62% | 50.63% | 110.49% | 104.18% | -13.27% | 38.58% |
SPRX Spear Alpha ETF | 43.69% | 41.91% | 20.58% | 88.02% | -44.99% | 9.15% |
Correlation
The correlation between AVGO and SPRX is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2021 | 0.66 |
The correlation between AVGO and SPRX has been stable across timeframes, ranging from 0.64 to 0.67 - 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.
Return for Risk
AVGO vs. SPRX — Risk / Return Rank
AVGO
SPRX
AVGO vs. SPRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Broadcom Inc. (AVGO) 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.
| AVGO | SPRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.34 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 4.23 | -2.46 |
| Martin ratioReturn relative to average drawdown | 4.11 | 13.10 | -8.99 |
Loading charts...
Drawdowns
AVGO vs. SPRX - Drawdown Comparison
The maximum AVGO drawdown since its inception was -48.30%, smaller than the maximum SPRX drawdown of -51.21%. Use the drawdown chart below to compare losses from any high point for AVGO and SPRX.
Loading charts...
Drawdown Indicators
| AVGO | SPRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.30% | -51.21% | +2.91% |
Max Drawdown (1Y)Largest decline over 1 year | -28.67% | -24.21% | -4.46% |
Max Drawdown (3Y)Largest decline over 3 years | -41.15% | -42.12% | +0.97% |
Max Drawdown (5Y)Largest decline over 5 years | -41.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.30% | — | — |
Current DrawdownCurrent decline from peak | -20.66% | -5.87% | -14.79% |
Average DrawdownAverage peak-to-trough decline | -7.98% | -17.58% | +9.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.30% | 7.80% | +4.50% |
Volatility
AVGO vs. SPRX - Volatility Comparison
Broadcom Inc. (AVGO) and Spear Alpha ETF (SPRX) have volatilities of 20.53% and 19.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AVGO | SPRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.53% | 19.77% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 35.04% | 38.52% | -3.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.57% | 45.91% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.39% | 42.15% | +1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.52% | 42.15% | -2.63% |
Dividends
AVGO vs. SPRX - Dividend Comparison
AVGO's dividend yield for the trailing twelve months is around 0.65%, while SPRX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVGO Broadcom Inc. | 0.65% | 0.70% | 0.94% | 1.71% | 3.02% | 2.24% | 3.05% | 3.54% | 3.11% | 1.87% | 1.43% | 1.13% |
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
AVGO and SPRX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVGO has higher volatility (20.53%) compared to SPRX (19.77%). In terms of maximum drawdown, AVGO dropped -48.30% vs SPRX's -51.21%.
SPRX currently has the higher Sharpe Ratio (2.23 vs 1.11), 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.
Find the right allocation for AVGO 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