PLTR vs. SPRX
PLTR (Palantir Technologies Inc.) is a stock, while SPRX (Spear Alpha ETF) is Technology Equities fund actively managed by Spear. Over the past 3 years, PLTR returned 99.99%/yr vs 43.37%/yr for SPRX. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
PLTR vs. SPRX - Performance Comparison
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Returns By Period
In the year-to-date period, PLTR achieves a -27.99% return, which is significantly lower than SPRX's 43.69% return.
PLTR
- 1D
- -2.36%
- 1M
- -1.58%
- YTD
- -27.99%
- 6M
- -30.28%
- 1Y
- -5.33%
- 3Y*
- 99.99%
- 5Y*
- 39.00%
- 10Y*
- —
SPRX
- 1D
- 1.50%
- 1M
- 12.60%
- YTD
- 43.69%
- 6M
- 43.35%
- 1Y
- 101.77%
- 3Y*
- 43.37%
- 5Y*
- —
- 10Y*
- —
PLTR vs. SPRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PLTR Palantir Technologies Inc. | -27.99% | 135.03% | 340.48% | 167.45% | -64.74% | -18.12% |
SPRX Spear Alpha ETF | 43.69% | 41.91% | 20.58% | 88.02% | -44.99% | 9.15% |
Correlation
The correlation between PLTR and SPRX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2021 | 0.67 |
The correlation between PLTR and SPRX shifts across timeframes, from 0.47 (1 year) to 0.67 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PLTR vs. SPRX — Risk / Return Rank
PLTR
SPRX
PLTR vs. SPRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Palantir Technologies Inc. (PLTR) 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.
| PLTR | SPRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.33 | ||
| Sortino ratioReturn per unit of downside risk | -2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.34 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 4.23 | -4.37 |
| Martin ratioReturn relative to average drawdown | -0.25 | 13.10 | -13.35 |
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Drawdowns
PLTR vs. SPRX - Drawdown Comparison
The maximum PLTR drawdown since its inception was -84.62%, which is greater than SPRX's maximum drawdown of -51.21%. Use the drawdown chart below to compare losses from any high point for PLTR and SPRX.
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Drawdown Indicators
| PLTR | SPRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.62% | -51.21% | -33.41% |
Max Drawdown (1Y)Largest decline over 1 year | -38.22% | -24.21% | -14.01% |
Max Drawdown (3Y)Largest decline over 3 years | -40.61% | -42.12% | +1.51% |
Max Drawdown (5Y)Largest decline over 5 years | -79.14% | — | — |
Current DrawdownCurrent decline from peak | -38.22% | -5.87% | -32.35% |
Average DrawdownAverage peak-to-trough decline | -40.27% | -17.58% | -22.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.23% | 7.80% | +13.43% |
Volatility
PLTR vs. SPRX - Volatility Comparison
The current volatility for Palantir Technologies Inc. (PLTR) is 17.16%, while Spear Alpha ETF (SPRX) has a volatility of 19.77%. This indicates that PLTR 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.
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Volatility by Period
| PLTR | SPRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.16% | 19.77% | -2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 38.32% | 38.52% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.83% | 45.91% | +4.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.44% | 42.15% | +23.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.75% | 42.15% | +27.60% |
Dividends
PLTR vs. SPRX - Dividend Comparison
Neither PLTR nor SPRX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
PLTR Palantir Technologies Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPRX Spear Alpha ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.25% |
Frequently Asked Questions
PLTR and SPRX have a correlation of 0.47, 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 PLTR (17.16%). In terms of maximum drawdown, PLTR dropped -84.62% 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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