IETC vs. SPRX

Last updated Jun 13, 2026

IETC (iShares U.S. Tech Independence Focused ETF) and SPRX (Spear Alpha ETF) are both Technology Equities funds. Both are actively managed. Over the past 3 years, IETC returned 25.69%/yr vs 43.37%/yr for SPRX. Their correlation of 0.83 suggests significant overlap in exposure. IETC charges 0.18%/yr vs 0.75%/yr for SPRX.

Performance

IETC vs. SPRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Tech Independence Focused ETF (IETC) 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, IETC achieves a 4.48% return, which is significantly lower than SPRX's 43.69% return.

IETC

• 1D: -0.07%
• 1M: 0.03%
• YTD: 4.48%
• 6M: 4.29%
• 1Y: 17.62%
• 3Y*: 25.69%
• 5Y*: 15.73%
• 10Y*: —

SPRX

• 1D: 1.50%
• 1M: 12.60%
• YTD: 43.69%
• 6M: 43.35%
• 1Y: 101.77%
• 3Y*: 43.37%
• 5Y*: —
• 10Y*: —

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

IETC vs. SPRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IETC iShares U.S. Tech Independence Focused ETF	4.48%	19.56%	37.57%	54.35%	-32.78%	7.89%
SPRX Spear Alpha ETF	43.69%	41.91%	20.58%	88.02%	-44.99%	9.15%

Correlation

The correlation between IETC and SPRX is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Aug 4, 2021	0.83

The correlation between IETC and SPRX has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.

IETC vs. SPRX - Sectors Allocation Comparison

Sectors	IETC	SPRX
Technology	79.1%	72.7%
Communication Services	8.4%	3.9%
Consumer Cyclical	4.7%	-
Industrials	3.7%	15.5%
Financial Services	3.1%	8.0%
Real Estate	0.7%	-
Healthcare	0.1%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Utilities	-	1.4%

Return for Risk

IETC vs. SPRX — Risk / Return Rank

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

IETC

IETC Risk / Return Rank: 23
IETC Sharpe Ratio Rank: 26
IETC Sortino Ratio Rank: 24
IETC Omega Ratio Rank: 24
IETC Calmar Ratio Rank: 21
IETC Martin Ratio Rank: 21

SPRX

SPRX Risk / Return Rank: 75
SPRX Sharpe Ratio Rank: 81
SPRX Sortino Ratio Rank: 65
SPRX Omega Ratio Rank: 66
SPRX Calmar Ratio Rank: 86
SPRX Martin Ratio Rank: 78

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.

IETC vs. SPRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Tech Independence Focused ETF (IETC) 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.

	IETC	SPRX	Difference
Sharpe ratio: Return per unit of total volatility	0.80	2.23	-1.43
Sortino ratio: Return per unit of downside risk	1.18	2.61	-1.44
Omega ratio: Gain probability vs. loss probability	1.15	1.34	-0.19
Calmar ratio: Return relative to maximum drawdown	0.84	4.23	-3.39
Martin ratio: Return relative to average drawdown	2.30	13.10	-10.80

IETC vs. SPRX - Sharpe Ratio Comparison

The current IETC Sharpe Ratio is 0.80, which is lower than the SPRX Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of IETC 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.

Drawdowns

IETC vs. SPRX - Drawdown Comparison

The maximum IETC drawdown since its inception was -38.48%, smaller than the maximum SPRX drawdown of -51.21%. Use the drawdown chart below to compare losses from any high point for IETC and SPRX.

Drawdown Indicators

	IETC	SPRX	Difference
Max Drawdown Largest peak-to-trough decline	-38.48%	-51.21%	+12.73%
Max Drawdown (1Y) Largest decline over 1 year	-21.19%	-24.21%	+3.02%
Max Drawdown (3Y) Largest decline over 3 years	-25.17%	-42.12%	+16.95%
Max Drawdown (5Y) Largest decline over 5 years	-38.48%	—	—
Current Drawdown Current decline from peak	-10.32%	-5.87%	-4.45%
Average Drawdown Average peak-to-trough decline	-8.14%	-17.58%	+9.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.67%	7.80%	-0.13%

Volatility

IETC vs. SPRX - Volatility Comparison

The current volatility for iShares U.S. Tech Independence Focused ETF (IETC) is 9.62%, while Spear Alpha ETF (SPRX) has a volatility of 19.77%. This indicates that IETC 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

	IETC	SPRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.62%	19.77%	-10.15%
Volatility (6M) Calculated over the trailing 6-month period	17.85%	38.52%	-20.67%
Volatility (1Y) Calculated over the trailing 1-year period	22.11%	45.91%	-23.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.70%	42.15%	-17.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.44%	42.15%	-16.71%

IETC vs. SPRX - Expense Ratio Comparison

IETC has a 0.18% expense ratio, which is lower than SPRX's 0.75% expense ratio.

Dividends

IETC vs. SPRX - Dividend Comparison

IETC's dividend yield for the trailing twelve months is around 0.37%, while SPRX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IETC iShares U.S. Tech Independence Focused ETF	0.37%	0.38%	0.52%	0.79%	0.92%	0.73%	0.48%	0.95%	1.27%
SPRX Spear Alpha ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.25%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IETC and SPRX in my portfolio?

IETC and SPRX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IETC or SPRX?

SPRX has higher volatility (19.77%) compared to IETC (9.62%). In terms of maximum drawdown, IETC dropped -38.48% vs SPRX's -51.21%.

Which ETF is better, IETC or SPRX?

On 3-year performance, SPRX leads with 43.37% vs 25.69% for IETC. On fees, IETC is cheaper at 0.18% per year. On volatility, IETC has been the lower-risk option at 9.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IETC or SPRX?

Over the 3-year period, SPRX has performed better with a 43.37% return vs 25.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IETC or SPRX?

IETC is cheaper with a 0.18% expense ratio, compared with 0.75% for SPRX.

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

IETC has the higher dividend yield at 0.37%, compared with 0.00% for SPRX.

What is the main difference between IETC and SPRX?

They also come from different issuers: iShares and Spear. Their fees differ too: 0.18% for IETC and 0.75% for SPRX.

Which has better risk-adjusted returns?

SPRX currently has the higher Sharpe Ratio (2.23 vs 0.80), 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.