SPRX vs. GRRR
SPRX (Spear Alpha ETF) is Technology Equities fund actively managed by Spear, while GRRR (Gorilla Technology Group Inc.) is a stock. Over the past 3 years, SPRX returned 43.37%/yr vs -0.38%/yr for GRRR. At a 0.20 correlation, their price movements are largely independent.
Performance
SPRX vs. GRRR - Performance Comparison
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Returns By Period
In the year-to-date period, SPRX achieves a 43.69% return, which is significantly lower than GRRR's 59.34% return.
SPRX
- 1D
- 1.50%
- 1M
- 12.60%
- YTD
- 43.69%
- 6M
- 43.35%
- 1Y
- 101.77%
- 3Y*
- 43.37%
- 5Y*
- —
- 10Y*
- —
GRRR
- 1D
- -2.14%
- 1M
- 25.54%
- YTD
- 59.34%
- 6M
- 26.64%
- 1Y
- -15.49%
- 3Y*
- -0.38%
- 5Y*
- —
- 10Y*
- —
SPRX vs. GRRR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPRX Spear Alpha ETF | 43.69% | 41.91% | 20.58% | 88.02% | -13.93% |
GRRR Gorilla Technology Group Inc. | 59.34% | -39.53% | 234.82% | -93.35% | -45.75% |
Correlation
The correlation between SPRX and GRRR is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022 | 0.20 |
Over the past year, SPRX and GRRR have become more correlated (0.45) than their long-term average of 0.20, meaning their price movements have been converging.
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Return for Risk
SPRX vs. GRRR — Risk / Return Rank
SPRX
GRRR
SPRX vs. GRRR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spear Alpha ETF (SPRX) and Gorilla Technology Group Inc. (GRRR). 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 | GRRR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.41 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.04 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 4.23 | -0.25 | +4.48 |
| Martin ratioReturn relative to average drawdown | 13.10 | -0.38 | +13.48 |
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Drawdowns
SPRX vs. GRRR - Drawdown Comparison
The maximum SPRX drawdown since its inception was -51.21%, smaller than the maximum GRRR drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for SPRX and GRRR.
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Drawdown Indicators
| SPRX | GRRR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.21% | -99.38% | +48.17% |
Max Drawdown (1Y)Largest decline over 1 year | -24.21% | -62.45% | +38.24% |
Max Drawdown (3Y)Largest decline over 3 years | -42.12% | -96.27% | +54.15% |
Current DrawdownCurrent decline from peak | -5.87% | -95.20% | +89.33% |
Average DrawdownAverage peak-to-trough decline | -17.58% | -91.93% | +74.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.80% | 41.22% | -33.42% |
Volatility
SPRX vs. GRRR - Volatility Comparison
The current volatility for Spear Alpha ETF (SPRX) is 19.77%, while Gorilla Technology Group Inc. (GRRR) has a volatility of 33.91%. This indicates that SPRX experiences smaller price fluctuations and is considered to be less risky than GRRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPRX | GRRR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.77% | 33.91% | -14.14% |
Volatility (6M)Calculated over the trailing 6-month period | 38.52% | 59.91% | -21.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.91% | 87.88% | -41.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.15% | 163.67% | -121.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.15% | 163.67% | -121.52% |
Dividends
SPRX vs. GRRR - Dividend Comparison
Neither SPRX nor GRRR has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GRRR Gorilla Technology Group 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 GRRR have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRRR has higher volatility (33.91%) compared to SPRX (19.77%). In terms of maximum drawdown, SPRX dropped -51.21% vs GRRR's -99.38%.
SPRX currently has the higher Sharpe Ratio (2.23 vs -0.18), 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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