SPRX vs. GXPT
SPRX (Spear Alpha ETF) and GXPT (Global X PureCap MSCI Information Technology ETF) are both Technology Equities funds. SPRX is actively managed, while GXPT is passively managed. A 0.75 correlation means they provide meaningful diversification when combined. SPRX charges 0.75%/yr vs 0.15%/yr for GXPT.
Performance
SPRX vs. GXPT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPRX achieves a 42.47% return, which is significantly higher than GXPT's 16.86% return.
SPRX
- 1D
- -6.30%
- 1M
- 3.69%
- YTD
- 42.47%
- 6M
- 36.68%
- 1Y
- 97.27%
- 3Y*
- 44.95%
- 5Y*
- —
- 10Y*
- —
GXPT
- 1D
- -3.44%
- 1M
- -0.96%
- YTD
- 16.86%
- 6M
- 15.57%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPRX vs. GXPT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPRX Spear Alpha ETF | 42.47% | 24.94% |
GXPT Global X PureCap MSCI Information Technology ETF | 16.86% | 11.47% |
Correlation
The correlation between SPRX and GXPT is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.75 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPRX vs. GXPT — Risk / Return Rank
SPRX
GXPT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPRX vs. GXPT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spear Alpha ETF (SPRX) and Global X PureCap MSCI Information Technology ETF (GXPT). 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 | GXPT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.04 | — | — |
| Martin ratioReturn relative to average drawdown | 12.47 | — | — |
Loading charts...
Drawdowns
SPRX vs. GXPT - Drawdown Comparison
The maximum SPRX drawdown since its inception was -51.21%, which is greater than GXPT's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for SPRX and GXPT.
Loading charts...
Drawdown Indicators
| SPRX | GXPT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.21% | -18.74% | -32.47% |
Max Drawdown (1Y)Largest decline over 1 year | -24.21% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -42.12% | — | — |
Current DrawdownCurrent decline from peak | -6.67% | -8.72% | +2.05% |
Average DrawdownAverage peak-to-trough decline | -17.51% | -5.04% | -12.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.82% | — | — |
Volatility
SPRX vs. GXPT - Volatility Comparison
Loading charts...
Volatility by Period
| SPRX | GXPT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.61% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 38.30% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 46.83% | 22.91% | +23.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.31% | 22.91% | +19.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.31% | 22.91% | +19.40% |
SPRX vs. GXPT - Expense Ratio Comparison
SPRX has a 0.75% expense ratio, which is higher than GXPT's 0.15% expense ratio.
Dividends
SPRX vs. GXPT - Dividend Comparison
SPRX has not paid dividends to shareholders, while GXPT's dividend yield for the trailing twelve months is around 0.12%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GXPT Global X PureCap MSCI Information Technology ETF | 0.12% | 0.14% | 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 GXPT have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GXPT is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXPT is cheaper with a 0.15% expense ratio, compared with 0.75% for SPRX.
GXPT has the higher dividend yield at 0.12%, compared with 0.00% for SPRX.
They also come from different issuers: Spear and Global X. Their fees differ too: 0.75% for SPRX and 0.15% for GXPT.
Find the right allocation for SPRX and GXPT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer