LRNZ vs. ^GSPC

Last updated Jul 14, 2026

LRNZ (TrueShares Technology, AI & Deep Learning ETF) is Large Cap Growth Equities fund actively managed by TrueMark Investments, while ^GSPC (S&P 500 Index) is an index. With a 1.00 correlation, they move nearly in lockstep.

Performance

LRNZ vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Technology, AI & Deep Learning ETF (LRNZ) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LRNZ

• 1D: -2.30%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: -0.79%
• 1M: 1.13%
• 6M: 7.71%
• YTD: 9.79%
• 1Y: 20.06%
• 3Y*: 18.60%
• 5Y*: 11.43%
• 10Y*: 13.27%

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

LRNZ vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)
LRNZ TrueShares Technology, AI & Deep Learning ETF	-3.01%
^GSPC S&P 500 Index	-0.38%

Correlation

The correlation between LRNZ and ^GSPC is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 10, 2026	1.00

Return for Risk

LRNZ vs. ^GSPC — Risk / Return Rank

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

LRNZ

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

^GSPC

^GSPC Risk / Return Rank: 71
^GSPC Sharpe Ratio Rank: 69
^GSPC Sortino Ratio Rank: 69
^GSPC Omega Ratio Rank: 74
^GSPC Calmar Ratio Rank: 62
^GSPC Martin Ratio Rank: 79

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.

LRNZ vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Technology, AI & Deep Learning ETF (LRNZ) and S&P 500 Index (^GSPC). 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.

	LRNZ	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	—	1.61	—
Sortino ratio: Return per unit of downside risk	—	2.22	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	2.21	—
Martin ratio: Return relative to average drawdown	—	9.61	—

Drawdowns

LRNZ vs. ^GSPC - Drawdown Comparison

The maximum LRNZ drawdown since its inception was -3.01%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for LRNZ and ^GSPC.

Drawdown Indicators

	LRNZ	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-3.01%	-56.78%	+53.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.90%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-3.01%	-1.24%	-1.77%
Average Drawdown Average peak-to-trough decline	-1.87%	-10.71%	+8.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.09%	—

Volatility

Volatility by Period

	LRNZ	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.72%	12.57%	+5.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.72%	17.01%	+0.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.72%	18.05%	-0.33%

Frequently Asked Questions

Can I hold both LRNZ and ^GSPC in my portfolio?

With a correlation of 1.00, LRNZ and ^GSPC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.