FDTX vs. SPRX

Last updated Jun 5, 2026

FDTX (Fidelity Disruptive Technology ETF) and SPRX (Spear Alpha ETF) are both Technology Equities funds. Both are actively managed. Over the past year, FDTX returned 58.85% vs 108.80% for SPRX. Their correlation of 0.84 suggests significant overlap in exposure. FDTX charges 0.50%/yr vs 0.75%/yr for SPRX.

Performance

FDTX vs. SPRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Disruptive Technology ETF (FDTX) and Spear Alpha ETF (SPRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDTX achieves a 41.92% return, which is significantly lower than SPRX's 49.15% return.

FDTX

• 1D: -0.33%
• 1M: 20.99%
• YTD: 41.92%
• 6M: 41.67%
• 1Y: 58.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPRX

• 1D: -0.74%
• 1M: 29.77%
• YTD: 49.15%
• 6M: 42.36%
• 1Y: 108.80%
• 3Y*: 47.54%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FDTX vs. SPRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FDTX Fidelity Disruptive Technology ETF	41.92%	15.25%	23.99%	11.73%
SPRX Spear Alpha ETF	49.15%	41.91%	20.58%	21.29%

Correlation

The correlation between FDTX and SPRX is 0.78, 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	0.78
Correlation (All Time) Calculated using the full available price history since Jun 13, 2023	0.84

The correlation between FDTX and SPRX has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.

FDTX vs. SPRX - Sectors Allocation Comparison

Sectors	FDTX	SPRX
Technology	82.7%	72.7%
Communication Services	8.7%	3.9%
Consumer Cyclical	8.6%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	8.0%
Healthcare	-	-
Industrials	-	15.5%
Real Estate	-	-
Utilities	-	1.4%

Return for Risk

FDTX vs. SPRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDTX

FDTX Risk / Return Rank: 66
FDTX Sharpe Ratio Rank: 76
FDTX Sortino Ratio Rank: 68
FDTX Omega Ratio Rank: 66
FDTX Calmar Ratio Rank: 62
FDTX Martin Ratio Rank: 56

SPRX

SPRX Risk / Return Rank: 73
SPRX Sharpe Ratio Rank: 79
SPRX Sortino Ratio Rank: 63
SPRX Omega Ratio Rank: 63
SPRX Calmar Ratio Rank: 84
SPRX Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FDTX vs. SPRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Technology ETF (FDTX) 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.

	FDTX	SPRX	Difference
Sharpe ratio: Return per unit of total volatility	2.42	2.51	-0.09
Sortino ratio: Return per unit of downside risk	3.07	2.88	+0.19
Omega ratio: Gain probability vs. loss probability	1.39	1.38	+0.02
Calmar ratio: Return relative to maximum drawdown	3.05	4.52	-1.47
Martin ratio: Return relative to average drawdown	9.66	14.31	-4.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDTX vs. SPRX - Sharpe Ratio Comparison

The current FDTX Sharpe Ratio is 2.42, which is comparable to the SPRX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of FDTX and SPRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FDTX	SPRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	2.51	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	0.59	+0.66

Drawdowns

FDTX vs. SPRX - Drawdown Comparison

The maximum FDTX drawdown since its inception was -27.23%, smaller than the maximum SPRX drawdown of -51.21%. Use the drawdown chart below to compare losses from any high point for FDTX and SPRX.

Drawdown Indicators

	FDTX	SPRX	Difference
Max Drawdown Largest peak-to-trough decline	-27.23%	-51.21%	+23.98%
Max Drawdown (1Y) Largest decline over 1 year	-19.38%	-24.21%	+4.83%
Max Drawdown (3Y) Largest decline over 3 years	—	-42.12%	—
Current Drawdown Current decline from peak	-0.88%	-2.30%	+1.42%
Average Drawdown Average peak-to-trough decline	-5.51%	-17.64%	+12.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.11%	7.63%	-1.52%

Volatility

FDTX vs. SPRX - Volatility Comparison

The current volatility for Fidelity Disruptive Technology ETF (FDTX) is 8.56%, while Spear Alpha ETF (SPRX) has a volatility of 15.04%. This indicates that FDTX experiences smaller price fluctuations and is considered to be less risky than SPRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDTX	SPRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.56%	15.04%	-6.48%
Volatility (6M) Calculated over the trailing 6-month period	19.47%	35.47%	-16.00%
Volatility (1Y) Calculated over the trailing 1-year period	24.45%	43.51%	-19.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.50%	41.72%	-16.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.50%	41.72%	-16.22%

FDTX vs. SPRX - Expense Ratio Comparison

FDTX has a 0.50% expense ratio, which is lower than SPRX's 0.75% expense ratio.

Dividends

FDTX vs. SPRX - Dividend Comparison

Neither FDTX nor SPRX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
FDTX Fidelity Disruptive Technology 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

Can I hold both FDTX and SPRX in my portfolio?

FDTX and SPRX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDTX or SPRX?

SPRX has higher volatility (15.04%) compared to FDTX (8.56%). In terms of maximum drawdown, FDTX dropped -27.23% vs SPRX's -51.21%.

Which ETF is better, FDTX or SPRX?

On 1-year performance, SPRX leads with 108.80% vs 58.85% for FDTX. On fees, FDTX is cheaper at 0.50% per year. On volatility, FDTX has been the lower-risk option at 8.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDTX or SPRX?

Over the 1-year period, SPRX has performed better with a 108.80% return vs 58.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDTX or SPRX?

FDTX is cheaper with a 0.50% expense ratio, compared with 0.75% for SPRX.

Which ETF pays a higher dividend yield, FDTX or SPRX?

FDTX and SPRX have nearly identical dividend yields, around 0.00%.

What is the main difference between FDTX and SPRX?

They also come from different issuers: Fidelity and Spear. Their fees differ too: 0.50% for FDTX and 0.75% for SPRX.

Which has better risk-adjusted returns?

SPRX currently has the higher Sharpe Ratio (2.51 vs 2.42), 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.