SPRX vs. AIS

Last updated Aug 2, 2026

SPRX (Spear Alpha ETF) and AIS (VistaShares Artificial Intelligence Supercycle ETF) are both exchange-traded funds - SPRX is a Technology Equities fund actively managed by Spear, while AIS is a Artificial Intelligence fund actively managed by VistaShares. Both are actively managed. Over the past year, SPRX returned 32.41% vs 119.85% for AIS. Their correlation of 0.84 means they have usually moved in the same direction. Both charge a 0.75% expense ratio.

Performance

SPRX vs. AIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Spear Alpha ETF (SPRX) and VistaShares Artificial Intelligence Supercycle ETF (AIS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPRX achieves a 10.60% return, which is significantly lower than AIS's 68.71% return.

SPRX

• 1D: 1.12%
• 1M: -16.08%
• 6M: 5.15%
• YTD: 10.60%
• 1Y: 32.41%
• 3Y*: 29.23%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.44%

AIS

• 1D: 0.47%
• 1M: -14.16%
• 6M: 49.61%
• YTD: 68.71%
• 1Y: 119.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 75.75%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AIS VistaShares Artificial Intelligence Supercycle ETF	$37.93M	$45.10M	$51.04M
SPRX Spear Alpha ETF	$6.60M	$5.75M	$7.61M

SPRX vs. AIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SPRX Spear Alpha ETF	10.60%	41.91%	1.76%
AIS VistaShares Artificial Intelligence Supercycle ETF	68.71%	58.35%	-4.74%

Correlation

The correlation between SPRX and AIS is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	0.84

The correlation between SPRX and AIS has been stable across timeframes, ranging from 0.84 to 0.84 - a consistent structural relationship.

SPRX vs. AIS - Sectors Allocation Comparison

Sectors	SPRX	AIS
Technology	88.5%	87.2%
Basic Materials	9.2%	-
Financial Services	6.5%	-0.0%
Industrials	5.0%	6.8%
Communication Services	3.9%	-
Healthcare	2.0%	-
Utilities	1.4%	2.9%
Consumer Cyclical	-	-
Consumer Defensive	-	0.3%
Energy	-	-
Real Estate	-	-

Return for Risk

SPRX vs. AIS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SPRX

SPRX Risk / Return Rank: 27
SPRX Sharpe Ratio Rank: 24
SPRX Sortino Ratio Rank: 28
SPRX Omega Ratio Rank: 27
SPRX Calmar Ratio Rank: 25
SPRX Martin Ratio Rank: 30

AIS

AIS Risk / Return Rank: 87
AIS Sharpe Ratio Rank: 92
AIS Sortino Ratio Rank: 83
AIS Omega Ratio Rank: 85
AIS Calmar Ratio Rank: 86
AIS Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SPRX vs. AIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Spear Alpha ETF (SPRX) and VistaShares Artificial Intelligence Supercycle ETF (AIS). 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	AIS	Difference
Sharpe ratio: Return per unit of total volatility	0.54	2.42	-1.88
Sortino ratio: Return per unit of downside risk	1.05	2.72	-1.67
Omega ratio: Gain probability vs. loss probability	1.13	1.37	-0.24
Calmar ratio: Return relative to maximum drawdown	0.78	3.35	-2.57
Martin ratio: Return relative to average drawdown	2.74	13.91	-11.16

SPRX vs. AIS - Sharpe Ratio Comparison

The current SPRX Sharpe Ratio is 0.54, which is lower than the AIS Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of SPRX and AIS, 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

SPRX vs. AIS - Drawdown Comparison

The maximum SPRX drawdown since its inception was -51.21%, which is greater than AIS's maximum drawdown of -34.44%. Use the drawdown chart below to compare losses from any high point for SPRX and AIS.

Drawdown Indicators

	SPRX	AIS	Difference
Max Drawdown Largest peak-to-trough decline	-51.21%	-34.44%	-16.77%
Max Drawdown (1Y) Largest decline over 1 year	-35.87%	-34.44%	-1.43%
Max Drawdown (3Y) Largest decline over 3 years	-42.12%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-51.21%	—	—
Current Drawdown Current decline from peak	-27.55%	-27.93%	+0.38%
Average Drawdown Average peak-to-trough decline	-17.53%	-6.30%	-11.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.18%	8.28%	+1.90%

Volatility

SPRX vs. AIS - Volatility Comparison

Spear Alpha ETF (SPRX) and VistaShares Artificial Intelligence Supercycle ETF (AIS) have volatilities of 21.68% and 21.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPRX	AIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.68%	21.48%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	43.65%	43.19%	+0.46%
Volatility (1Y) Calculated over the trailing 1-year period	52.09%	47.78%	+4.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.22%	44.01%	-0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.22%	44.01%	-0.79%

SPRX vs. AIS - Expense Ratio Comparison

Both SPRX and AIS have an expense ratio of 0.75%.

Dividends

SPRX vs. AIS - Dividend Comparison

Neither SPRX nor AIS has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
AIS VistaShares Artificial Intelligence Supercycle ETF	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

Can I hold both SPRX and AIS in my portfolio?

SPRX and AIS have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPRX or AIS?

SPRX has higher volatility (21.68%) compared to AIS (21.48%). In terms of maximum drawdown, SPRX dropped -51.21% vs AIS's -34.44%.

Which ETF is better, SPRX or AIS?

On 1-year performance, AIS leads with 119.85% vs 32.41% for SPRX. Both ETFs have the same 0.75% expense ratio. On volatility, AIS has been the lower-risk option at 21.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPRX or AIS?

Over the 1-year period, AIS has performed better with a 119.85% return vs 32.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPRX or AIS?

SPRX and AIS have the same expense ratio: 0.75% per year.

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

SPRX and AIS have nearly identical dividend yields, around 0.00%.

What is the main difference between SPRX and AIS?

SPRX is categorized as Technology Equities, while AIS is Artificial Intelligence. They also come from different issuers: Spear and VistaShares.

Which has better risk-adjusted returns?

AIS currently has the higher Sharpe Ratio (2.42 vs 0.54), 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.