ROBO vs. SPRX

Last updated Jun 14, 2026

ROBO (ROBO Global Robotics & Automation Index ETF) and SPRX (Spear Alpha ETF) are both exchange-traded funds - ROBO is a Robotics fund tracking the ROBO Global Robotics and Automation TR Index, while SPRX is a Technology Equities fund actively managed by Spear. ROBO is passively managed, while SPRX is actively managed. Over the past 3 years, ROBO returned 12.64%/yr vs 43.37%/yr for SPRX. A 0.79 correlation means they provide meaningful diversification when combined. ROBO charges 0.95%/yr vs 0.75%/yr for SPRX.

Performance

ROBO vs. SPRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ROBO Global Robotics & Automation Index ETF (ROBO) and Spear Alpha ETF (SPRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ROBO achieves a 19.75% return, which is significantly lower than SPRX's 43.69% return.

ROBO

• 1D: 0.69%
• 1M: -2.34%
• YTD: 19.75%
• 6M: 18.31%
• 1Y: 47.52%
• 3Y*: 12.64%
• 5Y*: 5.51%
• 10Y*: 13.12%

SPRX

• 1D: 1.50%
• 1M: 14.89%
• YTD: 43.69%
• 6M: 43.35%
• 1Y: 106.26%
• 3Y*: 43.37%
• 5Y*: —
• 10Y*: —

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

ROBO vs. SPRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ROBO ROBO Global Robotics & Automation Index ETF	19.75%	23.71%	-1.28%	23.74%	-33.92%	5.36%
SPRX Spear Alpha ETF	43.69%	41.91%	20.58%	88.02%	-44.99%	9.15%

Correlation

The correlation between ROBO and SPRX is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (All Time) Calculated using the full available price history since Aug 4, 2021	0.79

The correlation between ROBO and SPRX has been stable across timeframes, ranging from 0.74 to 0.79 - a consistent structural relationship.

ROBO vs. SPRX - Sectors Allocation Comparison

Sectors	ROBO	SPRX
Industrials	45.3%	16.2%
Technology	43.6%	68.0%
Healthcare	4.6%	2.0%
Consumer Cyclical	3.1%	-
Financial Services	1.9%	8.0%
Communication Services	1.4%	3.9%
Consumer Defensive	1.3%	-
Basic Materials	-	9.2%
Energy	-	-
Real Estate	-	-
Utilities	-	1.4%

Return for Risk

ROBO vs. SPRX — Risk / Return Rank

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

ROBO

ROBO Risk / Return Rank: 61
ROBO Sharpe Ratio Rank: 64
ROBO Sortino Ratio Rank: 60
ROBO Omega Ratio Rank: 59
ROBO Calmar Ratio Rank: 59
ROBO Martin Ratio Rank: 63

SPRX

SPRX Risk / Return Rank: 75
SPRX Sharpe Ratio Rank: 81
SPRX Sortino Ratio Rank: 65
SPRX Omega Ratio Rank: 66
SPRX Calmar Ratio Rank: 86
SPRX Martin Ratio Rank: 78

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.

ROBO vs. SPRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ROBO Global Robotics & Automation Index ETF (ROBO) 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.

	ROBO	SPRX	Difference
Sharpe ratio: Return per unit of total volatility	1.82	2.23	-0.40
Sortino ratio: Return per unit of downside risk	2.45	2.61	-0.16
Omega ratio: Gain probability vs. loss probability	1.31	1.34	-0.03
Calmar ratio: Return relative to maximum drawdown	2.58	4.23	-1.64
Martin ratio: Return relative to average drawdown	9.88	13.10	-3.22

ROBO vs. SPRX - Sharpe Ratio Comparison

The current ROBO Sharpe Ratio is 1.82, which is comparable to the SPRX Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of ROBO and SPRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ROBO vs. SPRX - Drawdown Comparison

The maximum ROBO drawdown since its inception was -43.65%, smaller than the maximum SPRX drawdown of -51.21%. Use the drawdown chart below to compare losses from any high point for ROBO and SPRX.

Drawdown Indicators

	ROBO	SPRX	Difference
Max Drawdown Largest peak-to-trough decline	-43.65%	-51.21%	+7.56%
Max Drawdown (1Y) Largest decline over 1 year	-17.35%	-24.21%	+6.86%
Max Drawdown (3Y) Largest decline over 3 years	-27.92%	-42.12%	+14.20%
Max Drawdown (5Y) Largest decline over 5 years	-43.65%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-43.65%	—	—
Current Drawdown Current decline from peak	-8.12%	-5.87%	-2.25%
Average Drawdown Average peak-to-trough decline	-12.92%	-17.58%	+4.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.53%	7.80%	-3.27%

Volatility

ROBO vs. SPRX - Volatility Comparison

The current volatility for ROBO Global Robotics & Automation Index ETF (ROBO) is 10.66%, while Spear Alpha ETF (SPRX) has a volatility of 19.77%. This indicates that ROBO 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.

Volatility by Period

	ROBO	SPRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.66%	19.77%	-9.11%
Volatility (6M) Calculated over the trailing 6-month period	19.92%	38.52%	-18.60%
Volatility (1Y) Calculated over the trailing 1-year period	24.56%	45.91%	-21.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.92%	42.15%	-18.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.30%	42.15%	-18.85%

ROBO vs. SPRX - Expense Ratio Comparison

ROBO has a 0.95% expense ratio, which is higher than SPRX's 0.75% expense ratio.

Dividends

ROBO vs. SPRX - Dividend Comparison

ROBO's dividend yield for the trailing twelve months is around 0.35%, while SPRX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ROBO ROBO Global Robotics & Automation Index ETF	0.35%	0.42%	0.55%	0.05%	0.00%	0.18%	0.20%	0.37%	0.37%	0.02%	0.19%	0.28%
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

Can I hold both ROBO and SPRX in my portfolio?

ROBO and SPRX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ROBO or SPRX?

SPRX has higher volatility (19.77%) compared to ROBO (10.66%). In terms of maximum drawdown, ROBO dropped -43.65% vs SPRX's -51.21%.

Which ETF is better, ROBO or SPRX?

On 3-year performance, SPRX leads with 43.37% vs 12.64% for ROBO. On fees, SPRX is cheaper at 0.75% per year. On volatility, ROBO has been the lower-risk option at 10.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ROBO or SPRX?

Over the 3-year period, SPRX has performed better with a 43.37% return vs 12.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ROBO or SPRX?

SPRX is cheaper with a 0.75% expense ratio, compared with 0.95% for ROBO.

Which ETF pays a higher dividend yield, ROBO or SPRX?

ROBO has the higher dividend yield at 0.35%, compared with 0.00% for SPRX.

What is the main difference between ROBO and SPRX?

ROBO is categorized as Robotics, while SPRX is Technology Equities. They also come from different issuers: Exchange Traded Concepts and Spear. Their fees differ too: 0.95% for ROBO and 0.75% for SPRX.

Which has better risk-adjusted returns?

SPRX currently has the higher Sharpe Ratio (2.23 vs 1.82), 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.