LRNZ vs. SPY
Compare and contrast key facts about TrueShares Technology, AI & Deep Learning ETF (LRNZ) and State Street SPDR S&P 500 ETF (SPY).
LRNZ and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LRNZ is an actively managed fund by TrueMark Investments. It was launched on Feb 28, 2020. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
LRNZ vs. SPY - Performance Comparison
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LRNZ vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LRNZ TrueShares Technology, AI & Deep Learning ETF | -16.03% | 22.27% | 2.01% | 67.11% | -51.46% | -0.96% | 87.82% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 23.22% |
Returns By Period
In the year-to-date period, LRNZ achieves a -16.03% return, which is significantly lower than SPY's -4.37% return.
LRNZ
- 1D
- 4.82%
- 1M
- -1.95%
- YTD
- -16.03%
- 6M
- -12.06%
- 1Y
- 16.36%
- 3Y*
- 13.01%
- 5Y*
- -0.68%
- 10Y*
- —
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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LRNZ vs. SPY - Expense Ratio Comparison
LRNZ has a 0.68% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
LRNZ vs. SPY — Risk / Return Rank
LRNZ
SPY
LRNZ vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Technology, AI & Deep Learning ETF (LRNZ) and State Street SPDR S&P 500 ETF (SPY). 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.
| LRNZ | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.50 | 0.93 | -0.43 |
Sortino ratioReturn per unit of downside risk | 0.94 | 1.45 | -0.51 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.22 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.53 | 1.53 | -1.00 |
Martin ratioReturn relative to average drawdown | 1.46 | 7.30 | -5.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LRNZ | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 0.93 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.69 | -0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.56 | -0.35 |
Correlation
The correlation between LRNZ and SPY is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
LRNZ vs. SPY - Dividend Comparison
LRNZ has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.14%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LRNZ TrueShares Technology, AI & Deep Learning ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
LRNZ vs. SPY - Drawdown Comparison
The maximum LRNZ drawdown since its inception was -61.33%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for LRNZ and SPY.
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Drawdown Indicators
| LRNZ | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.33% | -55.19% | -6.14% |
Max Drawdown (1Y)Largest decline over 1 year | -26.89% | -12.05% | -14.84% |
Max Drawdown (5Y)Largest decline over 5 years | -61.33% | -24.50% | -36.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -27.31% | -6.24% | -21.07% |
Average DrawdownAverage peak-to-trough decline | -27.04% | -9.09% | -17.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.70% | 2.52% | +7.18% |
Volatility
LRNZ vs. SPY - Volatility Comparison
TrueShares Technology, AI & Deep Learning ETF (LRNZ) has a higher volatility of 9.50% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that LRNZ's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LRNZ | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.50% | 5.31% | +4.19% |
Volatility (6M)Calculated over the trailing 6-month period | 21.64% | 9.47% | +12.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.87% | 19.05% | +13.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.17% | 17.06% | +20.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.69% | 17.92% | +19.77% |