FJTSY vs. SPRX

Last updated Jun 5, 2026

FJTSY (Fujitsu Ltd ADR) is a stock, while SPRX (Spear Alpha ETF) is Technology Equities fund actively managed by Spear. Over the past 3 years, FJTSY returned 17.39%/yr vs 47.54%/yr for SPRX. At a 0.32 correlation, their price movements are largely independent.

Performance

FJTSY vs. SPRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fujitsu Ltd ADR (FJTSY) 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, FJTSY achieves a -19.19% return, which is significantly lower than SPRX's 49.15% return.

FJTSY

• 1D: 0.36%
• 1M: 12.46%
• YTD: -19.19%
• 6M: -16.30%
• 1Y: -5.69%
• 3Y*: 17.39%
• 5Y*: 5.59%
• 10Y*: 19.32%

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)

FJTSY vs. SPRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FJTSY Fujitsu Ltd ADR	-19.19%	55.98%	17.49%	12.77%	-22.86%	1.08%
SPRX Spear Alpha ETF	49.15%	41.91%	20.58%	88.02%	-44.99%	8.91%

Correlation

The correlation between FJTSY and SPRX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (All Time) Calculated using the full available price history since Aug 5, 2021	0.32

Return for Risk

FJTSY vs. SPRX — Risk / Return Rank

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

FJTSY

FJTSY Risk / Return Rank: 34
FJTSY Sharpe Ratio Rank: 36
FJTSY Sortino Ratio Rank: 33
FJTSY Omega Ratio Rank: 33
FJTSY Calmar Ratio Rank: 36
FJTSY Martin Ratio Rank: 34

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.

FJTSY vs. SPRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fujitsu Ltd ADR (FJTSY) 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.

	FJTSY	SPRX	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	2.51	-2.65
Sortino ratio: Return per unit of downside risk	0.11	2.88	-2.77
Omega ratio: Gain probability vs. loss probability	1.01	1.38	-0.36
Calmar ratio: Return relative to maximum drawdown	-0.17	4.52	-4.69
Martin ratio: Return relative to average drawdown	-0.38	14.31	-14.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FJTSY vs. SPRX - Sharpe Ratio Comparison

The current FJTSY Sharpe Ratio is -0.13, which is lower than the SPRX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of FJTSY 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

	FJTSY	SPRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.13	2.51	-2.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.59	-0.37

Drawdowns

FJTSY vs. SPRX - Drawdown Comparison

The maximum FJTSY drawdown since its inception was -62.04%, which is greater than SPRX's maximum drawdown of -51.21%. Use the drawdown chart below to compare losses from any high point for FJTSY and SPRX.

Drawdown Indicators

	FJTSY	SPRX	Difference
Max Drawdown Largest peak-to-trough decline	-62.04%	-51.21%	-10.83%
Max Drawdown (1Y) Largest decline over 1 year	-33.59%	-24.21%	-9.38%
Max Drawdown (3Y) Largest decline over 3 years	-33.59%	-42.12%	+8.53%
Max Drawdown (5Y) Largest decline over 5 years	-47.55%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-47.55%	—	—
Current Drawdown Current decline from peak	-24.19%	-2.30%	-21.89%
Average Drawdown Average peak-to-trough decline	-22.75%	-17.64%	-5.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.89%	7.63%	+7.26%

Volatility

FJTSY vs. SPRX - Volatility Comparison

The current volatility for Fujitsu Ltd ADR (FJTSY) is 14.06%, while Spear Alpha ETF (SPRX) has a volatility of 15.04%. This indicates that FJTSY 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

	FJTSY	SPRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.06%	15.04%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	34.57%	35.47%	-0.90%
Volatility (1Y) Calculated over the trailing 1-year period	43.01%	43.51%	-0.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.78%	41.72%	-7.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.82%	41.72%	-9.90%

Dividends

FJTSY vs. SPRX - Dividend Comparison

Neither FJTSY nor SPRX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FJTSY Fujitsu Ltd ADR	0.00%	0.36%	0.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.63%	1.30%	1.30%
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

Can I hold both FJTSY and SPRX in my portfolio?

FJTSY and SPRX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FJTSY or SPRX?

SPRX has higher volatility (15.04%) compared to FJTSY (14.06%). In terms of maximum drawdown, FJTSY dropped -62.04% vs SPRX's -51.21%.

Which has better risk-adjusted returns?

SPRX currently has the higher Sharpe Ratio (2.51 vs -0.13), 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.