SMCI vs. SPRX
SMCI (Super Micro Computer, Inc.) is a stock, while SPRX (Spear Alpha ETF) is Technology Equities fund actively managed by Spear. Over the past 3 years, SMCI returned 7.64%/yr vs 43.37%/yr for SPRX. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
SMCI vs. SPRX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SMCI achieves a 4.07% return, which is significantly lower than SPRX's 43.69% return.
SMCI
- 1D
- -4.72%
- 1M
- -4.81%
- YTD
- 4.07%
- 6M
- -5.78%
- 1Y
- -29.75%
- 3Y*
- 7.64%
- 5Y*
- 52.73%
- 10Y*
- 27.77%
SPRX
- 1D
- 1.50%
- 1M
- 12.60%
- YTD
- 43.69%
- 6M
- 43.35%
- 1Y
- 101.77%
- 3Y*
- 43.37%
- 5Y*
- —
- 10Y*
- —
SMCI vs. SPRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SMCI Super Micro Computer, Inc. | 4.07% | -3.97% | 7.23% | 246.24% | 86.80% | 16.02% |
SPRX Spear Alpha ETF | 43.69% | 41.91% | 20.58% | 88.02% | -44.99% | 9.15% |
Correlation
The correlation between SMCI and SPRX is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2021 | 0.54 |
The correlation between SMCI and SPRX has been stable across timeframes, ranging from 0.54 to 0.61 - a consistent structural relationship.
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
SMCI vs. SPRX — Risk / Return Rank
SMCI
SPRX
SMCI vs. SPRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Super Micro Computer, Inc. (SMCI) 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.
| SMCI | SPRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.34 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 4.23 | -4.68 |
| Martin ratioReturn relative to average drawdown | -0.76 | 13.10 | -13.86 |
Loading charts...
Drawdowns
SMCI vs. SPRX - Drawdown Comparison
The maximum SMCI drawdown since its inception was -84.84%, which is greater than SPRX's maximum drawdown of -51.21%. Use the drawdown chart below to compare losses from any high point for SMCI and SPRX.
Loading charts...
Drawdown Indicators
| SMCI | SPRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.84% | -51.21% | -33.63% |
Max Drawdown (1Y)Largest decline over 1 year | -66.18% | -24.21% | -41.97% |
Max Drawdown (3Y)Largest decline over 3 years | -84.84% | -42.12% | -42.72% |
Max Drawdown (5Y)Largest decline over 5 years | -84.84% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -84.84% | — | — |
Current DrawdownCurrent decline from peak | -74.36% | -5.87% | -68.49% |
Average DrawdownAverage peak-to-trough decline | -31.98% | -17.58% | -14.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.34% | 7.80% | +31.54% |
Volatility
SMCI vs. SPRX - Volatility Comparison
Super Micro Computer, Inc. (SMCI) has a higher volatility of 44.32% compared to Spear Alpha ETF (SPRX) at 19.77%. This indicates that SMCI'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.
Loading charts...
Volatility by Period
| SMCI | SPRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 44.32% | 19.77% | +24.55% |
Volatility (6M)Calculated over the trailing 6-month period | 76.32% | 38.52% | +37.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 85.20% | 45.91% | +39.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.53% | 42.15% | +44.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.19% | 42.15% | +29.04% |
Dividends
SMCI vs. SPRX - Dividend Comparison
Neither SMCI nor SPRX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
SMCI Super Micro Computer, 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
SMCI and SPRX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMCI has higher volatility (44.32%) compared to SPRX (19.77%). In terms of maximum drawdown, SMCI dropped -84.84% vs SPRX's -51.21%.
SPRX currently has the higher Sharpe Ratio (2.23 vs -0.35), 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 SMCI 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