GXPT vs. SPRX

Last updated Jun 24, 2026

GXPT (Global X PureCap MSCI Information Technology ETF) and SPRX (Spear Alpha ETF) are both Technology Equities funds. GXPT is passively managed, while SPRX is actively managed. A 0.75 correlation means they provide meaningful diversification when combined. GXPT charges 0.15%/yr vs 0.75%/yr for SPRX.

Performance

GXPT vs. SPRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X PureCap MSCI Information Technology ETF (GXPT) 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, GXPT achieves a 16.86% return, which is significantly lower than SPRX's 42.47% return.

GXPT

• 1D: -3.44%
• 1M: -0.96%
• YTD: 16.86%
• 6M: 15.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPRX

• 1D: -6.30%
• 1M: 3.69%
• YTD: 42.47%
• 6M: 36.68%
• 1Y: 97.27%
• 3Y*: 44.95%
• 5Y*: —
• 10Y*: —

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

GXPT vs. SPRX - Yearly Performance Comparison

	2026 (YTD)	2025
GXPT Global X PureCap MSCI Information Technology ETF	16.86%	11.47%
SPRX Spear Alpha ETF	42.47%	24.94%

Correlation

The correlation between GXPT and SPRX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.75

Return for Risk

GXPT vs. SPRX — Risk / Return Rank

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

GXPT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SPRX

SPRX Risk / Return Rank: 65
SPRX Sharpe Ratio Rank: 67
SPRX Sortino Ratio Rank: 54
SPRX Omega Ratio Rank: 54
SPRX Calmar Ratio Rank: 81
SPRX Martin Ratio Rank: 70

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.

GXPT vs. SPRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X PureCap MSCI Information Technology ETF (GXPT) 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.

	GXPT	SPRX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.09	—
Sortino ratio: Return per unit of downside risk	—	2.48	—
Omega ratio: Gain probability vs. loss probability	—	1.33	—
Calmar ratio: Return relative to maximum drawdown	—	4.04	—
Martin ratio: Return relative to average drawdown	—	12.47	—

Drawdowns

GXPT vs. SPRX - Drawdown Comparison

The maximum GXPT drawdown since its inception was -18.74%, smaller than the maximum SPRX drawdown of -51.21%. Use the drawdown chart below to compare losses from any high point for GXPT and SPRX.

Drawdown Indicators

	GXPT	SPRX	Difference
Max Drawdown Largest peak-to-trough decline	-18.74%	-51.21%	+32.47%
Max Drawdown (1Y) Largest decline over 1 year	—	-24.21%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-42.12%	—
Current Drawdown Current decline from peak	-8.72%	-6.67%	-2.05%
Average Drawdown Average peak-to-trough decline	-5.04%	-17.51%	+12.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.82%	—

Volatility

Volatility by Period

	GXPT	SPRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	20.61%	—
Volatility (6M) Calculated over the trailing 6-month period	—	38.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	22.91%	46.83%	-23.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.91%	42.31%	-19.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.91%	42.31%	-19.40%

GXPT vs. SPRX - Expense Ratio Comparison

GXPT has a 0.15% expense ratio, which is lower than SPRX's 0.75% expense ratio.

Dividends

GXPT vs. SPRX - Dividend Comparison

GXPT's dividend yield for the trailing twelve months is around 0.12%, while SPRX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
GXPT Global X PureCap MSCI Information Technology ETF	0.12%	0.14%	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 GXPT and SPRX in my portfolio?

GXPT and SPRX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GXPT or SPRX?

On fees, GXPT is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GXPT or SPRX?

GXPT is cheaper with a 0.15% expense ratio, compared with 0.75% for SPRX.

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

GXPT has the higher dividend yield at 0.12%, compared with 0.00% for SPRX.

What is the main difference between GXPT and SPRX?

They also come from different issuers: Global X and Spear. Their fees differ too: 0.15% for GXPT and 0.75% for SPRX.