SPRX vs. ACHR
SPRX (Spear Alpha ETF) is Technology Equities fund actively managed by Spear, while ACHR (Archer Aviation Inc.) is a stock. Over the past 3 years, SPRX returned 43.37%/yr vs 4.91%/yr for ACHR. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
SPRX vs. ACHR - Performance Comparison
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Returns By Period
In the year-to-date period, SPRX achieves a 43.69% return, which is significantly higher than ACHR's -32.45% return.
SPRX
- 1D
- 1.50%
- 1M
- 12.60%
- YTD
- 43.69%
- 6M
- 43.35%
- 1Y
- 101.77%
- 3Y*
- 43.37%
- 5Y*
- —
- 10Y*
- —
ACHR
- 1D
- -4.15%
- 1M
- -22.09%
- YTD
- -32.45%
- 6M
- -38.80%
- 1Y
- -56.69%
- 3Y*
- 4.91%
- 5Y*
- -12.65%
- 10Y*
- —
SPRX vs. ACHR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPRX Spear Alpha ETF | 43.69% | 41.91% | 20.58% | 88.02% | -44.99% | 9.15% |
ACHR Archer Aviation Inc. | -32.45% | -22.87% | 58.79% | 228.34% | -69.04% | -38.87% |
Correlation
The correlation between SPRX and ACHR is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2021 | 0.51 |
The correlation between SPRX and ACHR shifts across timeframes, from 0.51 (all time) to 0.64 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPRX vs. ACHR — Risk / Return Rank
SPRX
ACHR
SPRX vs. ACHR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spear Alpha ETF (SPRX) and Archer Aviation Inc. (ACHR). 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.
| SPRX | ACHR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.03 | ||
| Sortino ratioReturn per unit of downside risk | +3.77 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.87 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 4.23 | -0.89 | +5.12 |
| Martin ratioReturn relative to average drawdown | 13.10 | -1.39 | +14.49 |
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Drawdowns
SPRX vs. ACHR - Drawdown Comparison
The maximum SPRX drawdown since its inception was -51.21%, smaller than the maximum ACHR drawdown of -90.49%. Use the drawdown chart below to compare losses from any high point for SPRX and ACHR.
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Drawdown Indicators
| SPRX | ACHR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.21% | -90.49% | +39.28% |
Max Drawdown (1Y)Largest decline over 1 year | -24.21% | -63.78% | +39.57% |
Max Drawdown (3Y)Largest decline over 3 years | -42.12% | -63.78% | +21.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -84.00% | — |
Current DrawdownCurrent decline from peak | -5.87% | -70.36% | +64.49% |
Average DrawdownAverage peak-to-trough decline | -17.58% | -62.48% | +44.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.80% | 41.04% | -33.24% |
Volatility
SPRX vs. ACHR - Volatility Comparison
The current volatility for Spear Alpha ETF (SPRX) is 19.77%, while Archer Aviation Inc. (ACHR) has a volatility of 21.42%. This indicates that SPRX experiences smaller price fluctuations and is considered to be less risky than ACHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPRX | ACHR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.77% | 21.42% | -1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 38.52% | 44.68% | -6.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.91% | 70.77% | -24.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.15% | 84.32% | -42.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.15% | 82.16% | -40.01% |
Dividends
SPRX vs. ACHR - Dividend Comparison
Neither SPRX nor ACHR has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ACHR Archer Aviation 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
SPRX and ACHR have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACHR has higher volatility (21.42%) compared to SPRX (19.77%). In terms of maximum drawdown, SPRX dropped -51.21% vs ACHR's -90.49%.
SPRX currently has the higher Sharpe Ratio (2.23 vs -0.80), 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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