SPRX vs. GTEK

Last updated Jul 12, 2026

SPRX (Spear Alpha ETF) and GTEK (Goldman Sachs Future Tech Leaders Equity ETF) are both Technology Equities funds. Both are actively managed. Over the past 3 years, SPRX returned 39.84%/yr vs 32.28%/yr for GTEK. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.75% expense ratio.

Performance

SPRX vs. GTEK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Spear Alpha ETF (SPRX) and Goldman Sachs Future Tech Leaders Equity ETF (GTEK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPRX achieves a 32.60% return, which is significantly lower than GTEK's 48.59% return.

SPRX

• 1D: -1.41%
• 1M: -7.72%
• 6M: 25.66%
• YTD: 32.60%
• 1Y: 73.11%
• 3Y*: 39.84%
• 5Y*: —
• 10Y*: —

GTEK

• 1D: -0.20%
• 1M: 1.10%
• 6M: 42.63%
• YTD: 48.59%
• 1Y: 66.80%
• 3Y*: 32.28%
• 5Y*: —
• 10Y*: —

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

SPRX vs. GTEK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SPRX Spear Alpha ETF	32.60%	41.91%	20.58%	88.02%	-44.99%	3.95%
GTEK Goldman Sachs Future Tech Leaders Equity ETF	48.59%	23.68%	15.94%	33.58%	-46.73%	-2.50%

Correlation

The correlation between SPRX and GTEK is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021	0.88

The correlation between SPRX and GTEK has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.

SPRX vs. GTEK - Sectors Allocation Comparison

Sectors	SPRX	GTEK
Technology	82.1%	74.5%
Industrials	9.8%	8.1%
Basic Materials	9.2%	3.4%
Financial Services	8.1%	1.2%
Communication Services	3.9%	3.7%
Healthcare	2.0%	1.1%
Utilities	1.4%	-
Consumer Cyclical	-	4.9%
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	2.3%

Return for Risk

SPRX vs. GTEK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPRX

SPRX Risk / Return Rank: 57
SPRX Sharpe Ratio Rank: 53
SPRX Sortino Ratio Rank: 48
SPRX Omega Ratio Rank: 48
SPRX Calmar Ratio Rank: 73
SPRX Martin Ratio Rank: 62

GTEK

GTEK Risk / Return Rank: 86
GTEK Sharpe Ratio Rank: 87
GTEK Sortino Ratio Rank: 79
GTEK Omega Ratio Rank: 78
GTEK Calmar Ratio Rank: 94
GTEK Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPRX vs. GTEK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Spear Alpha ETF (SPRX) and Goldman Sachs Future Tech Leaders Equity ETF (GTEK). 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	GTEK	Difference
Sharpe ratio: Return per unit of total volatility	1.47	2.24	-0.77
Sortino ratio: Return per unit of downside risk	1.95	2.80	-0.84
Omega ratio: Gain probability vs. loss probability	1.25	1.37	-0.11
Calmar ratio: Return relative to maximum drawdown	2.96	5.90	-2.94
Martin ratio: Return relative to average drawdown	8.74	17.58	-8.84

SPRX vs. GTEK - Sharpe Ratio Comparison

The current SPRX Sharpe Ratio is 1.47, which is lower than the GTEK Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of SPRX and GTEK, 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. GTEK - Drawdown Comparison

The maximum SPRX drawdown since its inception was -51.21%, roughly equal to the maximum GTEK drawdown of -53.77%. Use the drawdown chart below to compare losses from any high point for SPRX and GTEK.

Drawdown Indicators

	SPRX	GTEK	Difference
Max Drawdown Largest peak-to-trough decline	-51.21%	-53.77%	+2.56%
Max Drawdown (1Y) Largest decline over 1 year	-24.21%	-11.13%	-13.08%
Max Drawdown (3Y) Largest decline over 3 years	-42.12%	-27.49%	-14.63%
Current Drawdown Current decline from peak	-13.14%	-5.57%	-7.57%
Average Drawdown Average peak-to-trough decline	-17.44%	-27.01%	+9.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.18%	3.73%	+4.45%

Volatility

SPRX vs. GTEK - Volatility Comparison

Spear Alpha ETF (SPRX) has a higher volatility of 20.37% compared to Goldman Sachs Future Tech Leaders Equity ETF (GTEK) at 12.33%. This indicates that SPRX's price experiences larger fluctuations and is considered to be riskier than GTEK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPRX	GTEK	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.37%	12.33%	+8.04%
Volatility (6M) Calculated over the trailing 6-month period	40.08%	25.74%	+14.34%
Volatility (1Y) Calculated over the trailing 1-year period	48.69%	29.37%	+19.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.60%	28.76%	+13.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.60%	28.76%	+13.84%

SPRX vs. GTEK - Expense Ratio Comparison

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

Dividends

SPRX vs. GTEK - Dividend Comparison

Neither SPRX nor GTEK has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
GTEK Goldman Sachs Future Tech Leaders Equity ETF	0.00%	0.00%	0.00%	0.26%	0.03%	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 GTEK in my portfolio?

SPRX and GTEK have a correlation of 0.81, 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 GTEK?

SPRX has higher volatility (20.37%) compared to GTEK (12.33%). In terms of maximum drawdown, SPRX dropped -51.21% vs GTEK's -53.77%.

Which ETF is better, SPRX or GTEK?

On 3-year performance, SPRX leads with 39.84% vs 32.28% for GTEK. Both ETFs have the same 0.75% expense ratio. On volatility, GTEK has been the lower-risk option at 12.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPRX or GTEK?

Over the 3-year period, SPRX has performed better with a 39.84% return vs 32.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPRX or GTEK?

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

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

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

What is the main difference between SPRX and GTEK?

They also come from different issuers: Spear and Goldman Sachs.

Which has better risk-adjusted returns?

GTEK currently has the higher Sharpe Ratio (2.24 vs 1.47), 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.