SPRX vs. DGRO
Compare and contrast key facts about Spear Alpha ETF (SPRX) and iShares Core Dividend Growth ETF (DGRO).
SPRX and DGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPRX is an actively managed fund by Spear. It was launched on Aug 3, 2021. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPRX or DGRO.
Key characteristics
| SPRX | DGRO | |
|---|---|---|
| YTD Return | -3.91% | 16.47% |
| 1Y Return | 21.80% | 23.34% |
| 3Y Return (Ann) | 1.00% | 8.98% |
| Sharpe Ratio | 0.67 | 2.27 |
| Daily Std Dev | 30.83% | 10.16% |
| Max Drawdown | -51.22% | -35.10% |
| Current Drawdown | -15.02% | -0.26% |
Correlation
The correlation between SPRX and DGRO is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SPRX vs. DGRO - Performance Comparison
In the year-to-date period, SPRX achieves a -3.91% return, which is significantly lower than DGRO's 16.47% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPRX vs. DGRO - Expense Ratio Comparison
SPRX has a 0.75% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Risk-Adjusted Performance
SPRX vs. DGRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Spear Alpha ETF (SPRX) and iShares Core Dividend Growth ETF (DGRO). 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.
Dividends
SPRX vs. DGRO - Dividend Comparison
SPRX has not paid dividends to shareholders, while DGRO's dividend yield for the trailing twelve months is around 2.20%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SPRX Spear Alpha ETF | 0.00% | 0.00% | 0.00% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DGRO iShares Core Dividend Growth ETF | 2.20% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% |
Drawdowns
SPRX vs. DGRO - Drawdown Comparison
The maximum SPRX drawdown since its inception was -51.22%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for SPRX and DGRO. For additional features, visit the drawdowns tool.
Volatility
SPRX vs. DGRO - Volatility Comparison
Spear Alpha ETF (SPRX) has a higher volatility of 9.91% compared to iShares Core Dividend Growth ETF (DGRO) at 2.67%. This indicates that SPRX's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.