ROK vs. SPRX

Last updated Jun 4, 2026

ROK (Rockwell Automation, Inc.) is a stock, while SPRX (Spear Alpha ETF) is Technology Equities fund actively managed by Spear. Over the past 3 years, ROK returned 18.35%/yr vs 48.52%/yr for SPRX. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

ROK vs. SPRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rockwell Automation, Inc. (ROK) 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, ROK achieves a 19.45% return, which is significantly lower than SPRX's 50.26% return.

ROK

• 1D: -0.36%
• 1M: 15.70%
• YTD: 19.45%
• 6M: 16.08%
• 1Y: 47.89%
• 3Y*: 18.35%
• 5Y*: 12.75%
• 10Y*: 16.75%

SPRX

• 1D: -1.57%
• 1M: 33.49%
• YTD: 50.26%
• 6M: 44.40%
• 1Y: 109.60%
• 3Y*: 48.52%
• 5Y*: —
• 10Y*: —

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

ROK vs. SPRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ROK Rockwell Automation, Inc.	19.45%	38.36%	-6.23%	22.63%	-24.78%	12.60%
SPRX Spear Alpha ETF	50.26%	41.91%	20.58%	88.02%	-44.99%	8.91%

Correlation

The correlation between ROK and SPRX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (All Time) Calculated using the full available price history since Aug 5, 2021	0.54

The correlation between ROK and SPRX has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.

Return for Risk

ROK vs. SPRX — Risk / Return Rank

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

ROK

ROK Risk / Return Rank: 81
ROK Sharpe Ratio Rank: 84
ROK Sortino Ratio Rank: 81
ROK Omega Ratio Rank: 79
ROK Calmar Ratio Rank: 79
ROK Martin Ratio Rank: 83

SPRX

SPRX Risk / Return Rank: 71
SPRX Sharpe Ratio Rank: 77
SPRX Sortino Ratio Rank: 60
SPRX Omega Ratio Rank: 61
SPRX Calmar Ratio Rank: 83
SPRX Martin Ratio Rank: 75

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.

ROK vs. SPRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rockwell Automation, Inc. (ROK) 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.

	ROK	SPRX	Difference
Sharpe ratio: Return per unit of total volatility	1.71	2.53	-0.82
Sortino ratio: Return per unit of downside risk	2.42	2.89	-0.47
Omega ratio: Gain probability vs. loss probability	1.30	1.38	-0.08
Calmar ratio: Return relative to maximum drawdown	2.57	4.55	-1.98
Martin ratio: Return relative to average drawdown	8.14	14.41	-6.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ROK vs. SPRX - Sharpe Ratio Comparison

The current ROK Sharpe Ratio is 1.71, which is lower than the SPRX Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of ROK 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.

Sharpe Ratios by Period

	ROK	SPRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	2.53	-0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.59	-0.17

Drawdowns

ROK vs. SPRX - Drawdown Comparison

The maximum ROK drawdown since its inception was -75.83%, which is greater than SPRX's maximum drawdown of -51.21%. Use the drawdown chart below to compare losses from any high point for ROK and SPRX.

Drawdown Indicators

	ROK	SPRX	Difference
Max Drawdown Largest peak-to-trough decline	-75.83%	-51.21%	-24.62%
Max Drawdown (1Y) Largest decline over 1 year	-18.73%	-24.21%	+5.48%
Max Drawdown (3Y) Largest decline over 3 years	-34.84%	-42.12%	+7.28%
Max Drawdown (5Y) Largest decline over 5 years	-45.09%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.09%	—	—
Current Drawdown Current decline from peak	-0.36%	-1.57%	+1.21%
Average Drawdown Average peak-to-trough decline	-14.88%	-17.65%	+2.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.90%	7.63%	-1.73%

Volatility

ROK vs. SPRX - Volatility Comparison

The current volatility for Rockwell Automation, Inc. (ROK) is 12.19%, while Spear Alpha ETF (SPRX) has a volatility of 14.91%. This indicates that ROK 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

	ROK	SPRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.19%	14.91%	-2.72%
Volatility (6M) Calculated over the trailing 6-month period	23.07%	35.46%	-12.39%
Volatility (1Y) Calculated over the trailing 1-year period	28.16%	43.53%	-15.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.69%	41.74%	-10.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.42%	41.74%	-10.32%

Dividends

ROK vs. SPRX - Dividend Comparison

ROK's dividend yield for the trailing twelve months is around 1.18%, while SPRX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ROK Rockwell Automation, Inc.	1.18%	1.36%	1.77%	1.54%	1.76%	1.24%	1.65%	1.94%	2.42%	1.59%	2.18%	2.61%
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 ROK and SPRX in my portfolio?

ROK and SPRX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ROK or SPRX?

SPRX has higher volatility (14.91%) compared to ROK (12.19%). In terms of maximum drawdown, ROK dropped -75.83% vs SPRX's -51.21%.

Which has better risk-adjusted returns?

SPRX currently has the higher Sharpe Ratio (2.53 vs 1.71), 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.