MSFT vs. SPRX
MSFT (Microsoft Corporation) is a stock, while SPRX (Spear Alpha ETF) is Technology Equities fund actively managed by Spear. Over the past 3 years, MSFT returned 6.16%/yr vs 43.37%/yr for SPRX. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
MSFT vs. SPRX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MSFT achieves a -18.85% return, which is significantly lower than SPRX's 43.69% return.
MSFT
- 1D
- 0.10%
- 1M
- -3.36%
- YTD
- -18.85%
- 6M
- -17.98%
- 1Y
- -17.75%
- 3Y*
- 6.16%
- 5Y*
- 9.56%
- 10Y*
- 24.39%
SPRX
- 1D
- 1.50%
- 1M
- 12.60%
- YTD
- 43.69%
- 6M
- 43.35%
- 1Y
- 101.77%
- 3Y*
- 43.37%
- 5Y*
- —
- 10Y*
- —
MSFT vs. SPRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | -18.85% | 15.58% | 12.93% | 58.19% | -28.02% | 17.57% |
SPRX Spear Alpha ETF | 43.69% | 41.91% | 20.58% | 88.02% | -44.99% | 9.15% |
Correlation
The correlation between MSFT 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 | 0.48 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2021 | 0.58 |
Over the past year, the correlation between MSFT and SPRX has dropped to 0.31 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MSFT vs. SPRX — Risk / Return Rank
MSFT
SPRX
MSFT vs. SPRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Microsoft Corporation (MSFT) 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.
| MSFT | SPRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.93 | ||
| Sortino ratioReturn per unit of downside risk | -3.45 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.34 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 4.23 | -4.75 |
| Martin ratioReturn relative to average drawdown | -1.08 | 13.10 | -14.18 |
Loading charts...
Drawdowns
MSFT vs. SPRX - Drawdown Comparison
The maximum MSFT drawdown since its inception was -69.38%, which is greater than SPRX's maximum drawdown of -51.21%. Use the drawdown chart below to compare losses from any high point for MSFT and SPRX.
Loading charts...
Drawdown Indicators
| MSFT | SPRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.38% | -51.21% | -18.17% |
Max Drawdown (1Y)Largest decline over 1 year | -33.91% | -24.21% | -9.70% |
Max Drawdown (3Y)Largest decline over 3 years | -33.91% | -42.12% | +8.21% |
Max Drawdown (5Y)Largest decline over 5 years | -37.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.15% | — | — |
Current DrawdownCurrent decline from peak | -27.46% | -5.87% | -21.59% |
Average DrawdownAverage peak-to-trough decline | -21.78% | -17.58% | -4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.48% | 7.80% | +8.68% |
Volatility
MSFT vs. SPRX - Volatility Comparison
The current volatility for Microsoft Corporation (MSFT) is 10.52%, while Spear Alpha ETF (SPRX) has a volatility of 19.77%. This indicates that MSFT 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.
Loading charts...
Volatility by Period
| MSFT | SPRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.52% | 19.77% | -9.25% |
Volatility (6M)Calculated over the trailing 6-month period | 22.31% | 38.52% | -16.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.42% | 45.91% | -20.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.66% | 42.15% | -15.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.06% | 42.15% | -15.09% |
Dividends
MSFT vs. SPRX - Dividend Comparison
MSFT's dividend yield for the trailing twelve months is around 0.91%, while SPRX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | 0.91% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
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
MSFT 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.
SPRX has higher volatility (19.77%) compared to MSFT (10.52%). In terms of maximum drawdown, MSFT dropped -69.38% vs SPRX's -51.21%.
SPRX currently has the higher Sharpe Ratio (2.23 vs -0.70), 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.
Find the right allocation for MSFT and SPRX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer