ORCL vs. SPRX
ORCL (Oracle Corporation) is a stock, while SPRX (Spear Alpha ETF) is Technology Equities fund actively managed by Spear. Over the past 3 years, ORCL returned 17.80%/yr vs 43.37%/yr for SPRX. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
ORCL vs. SPRX - Performance Comparison
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Returns By Period
In the year-to-date period, ORCL achieves a -4.95% return, which is significantly lower than SPRX's 43.69% return.
ORCL
- 1D
- 0.02%
- 1M
- -4.57%
- YTD
- -4.95%
- 6M
- -2.48%
- 1Y
- -13.59%
- 3Y*
- 17.80%
- 5Y*
- 18.90%
- 10Y*
- 18.60%
SPRX
- 1D
- 1.50%
- 1M
- 14.89%
- YTD
- 43.69%
- 6M
- 43.35%
- 1Y
- 106.26%
- 3Y*
- 43.37%
- 5Y*
- —
- 10Y*
- —
ORCL vs. SPRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ORCL Oracle Corporation | -4.95% | 18.13% | 59.99% | 30.94% | -4.65% | -2.48% |
SPRX Spear Alpha ETF | 43.69% | 41.91% | 20.58% | 88.02% | -44.99% | 9.15% |
Correlation
The correlation between ORCL and SPRX is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2021 | 0.55 |
The correlation between ORCL and SPRX has been stable across timeframes, ranging from 0.52 to 0.55 - a consistent structural relationship.
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Return for Risk
ORCL vs. SPRX — Risk / Return Rank
ORCL
SPRX
ORCL vs. SPRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oracle Corporation (ORCL) 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.
| ORCL | SPRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.34 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | 4.23 | -4.35 |
| Martin ratioReturn relative to average drawdown | -0.20 | 13.10 | -13.30 |
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Drawdowns
ORCL vs. SPRX - Drawdown Comparison
The maximum ORCL drawdown since its inception was -84.19%, which is greater than SPRX's maximum drawdown of -51.21%. Use the drawdown chart below to compare losses from any high point for ORCL and SPRX.
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Drawdown Indicators
| ORCL | SPRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.19% | -51.21% | -32.98% |
Max Drawdown (1Y)Largest decline over 1 year | -58.25% | -24.21% | -34.04% |
Max Drawdown (3Y)Largest decline over 3 years | -58.25% | -42.12% | -16.13% |
Max Drawdown (5Y)Largest decline over 5 years | -58.25% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -58.25% | — | — |
Current DrawdownCurrent decline from peak | -43.48% | -5.87% | -37.61% |
Average DrawdownAverage peak-to-trough decline | -29.11% | -17.58% | -11.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.41% | 7.80% | +27.61% |
Volatility
ORCL vs. SPRX - Volatility Comparison
Oracle Corporation (ORCL) has a higher volatility of 23.44% compared to Spear Alpha ETF (SPRX) at 19.77%. This indicates that ORCL's price experiences larger fluctuations and is considered to be riskier than SPRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ORCL | SPRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.44% | 19.77% | +3.67% |
Volatility (6M)Calculated over the trailing 6-month period | 43.42% | 38.52% | +4.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.91% | 45.91% | +20.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.16% | 42.15% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.12% | 42.15% | -7.03% |
Dividends
ORCL vs. SPRX - Dividend Comparison
ORCL's dividend yield for the trailing twelve months is around 1.09%, while SPRX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ORCL Oracle Corporation | 1.09% | 0.97% | 0.96% | 1.44% | 1.57% | 1.38% | 1.48% | 1.72% | 1.68% | 1.52% | 1.56% | 1.56% |
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
ORCL and SPRX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ORCL has higher volatility (23.44%) compared to SPRX (19.77%). In terms of maximum drawdown, ORCL dropped -84.19% vs SPRX's -51.21%.
SPRX currently has the higher Sharpe Ratio (2.23 vs -0.11), 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.
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