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SPRX vs. IYW
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


SPRXIYW
YTD Return11.29%31.40%
1Y Return48.17%46.21%
3Y Return (Ann)2.21%12.52%
Sharpe Ratio1.532.14
Sortino Ratio2.022.73
Omega Ratio1.271.37
Calmar Ratio1.602.82
Martin Ratio4.659.77
Ulcer Index9.61%4.65%
Daily Std Dev29.17%21.24%
Max Drawdown-51.22%-81.89%
Current Drawdown-1.57%-0.16%

Correlation

-0.50.00.51.00.8

The correlation between SPRX and IYW is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

SPRX vs. IYW - Performance Comparison

In the year-to-date period, SPRX achieves a 11.29% return, which is significantly lower than IYW's 31.40% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%0.00%10.00%20.00%JuneJulyAugustSeptemberOctoberNovember
12.19%
20.33%
SPRX
IYW

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SPRX vs. IYW - Expense Ratio Comparison

SPRX has a 0.75% expense ratio, which is higher than IYW's 0.42% expense ratio.


SPRX
Spear Alpha ETF
Expense ratio chart for SPRX: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%
Expense ratio chart for IYW: current value at 0.42% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.42%

Risk-Adjusted Performance

SPRX vs. IYW - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Spear Alpha ETF (SPRX) and iShares U.S. Technology ETF (IYW). 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.


SPRX
Sharpe ratio
The chart of Sharpe ratio for SPRX, currently valued at 1.53, compared to the broader market-2.000.002.004.001.53
Sortino ratio
The chart of Sortino ratio for SPRX, currently valued at 2.02, compared to the broader market0.005.0010.002.02
Omega ratio
The chart of Omega ratio for SPRX, currently valued at 1.27, compared to the broader market1.001.502.002.503.001.27
Calmar ratio
The chart of Calmar ratio for SPRX, currently valued at 1.59, compared to the broader market0.005.0010.0015.001.60
Martin ratio
The chart of Martin ratio for SPRX, currently valued at 4.65, compared to the broader market0.0020.0040.0060.0080.00100.00120.004.65
IYW
Sharpe ratio
The chart of Sharpe ratio for IYW, currently valued at 2.14, compared to the broader market-2.000.002.004.002.14
Sortino ratio
The chart of Sortino ratio for IYW, currently valued at 2.73, compared to the broader market0.005.0010.002.73
Omega ratio
The chart of Omega ratio for IYW, currently valued at 1.37, compared to the broader market1.001.502.002.503.001.37
Calmar ratio
The chart of Calmar ratio for IYW, currently valued at 2.82, compared to the broader market0.005.0010.0015.002.82
Martin ratio
The chart of Martin ratio for IYW, currently valued at 9.77, compared to the broader market0.0020.0040.0060.0080.00100.00120.009.77

SPRX vs. IYW - Sharpe Ratio Comparison

The current SPRX Sharpe Ratio is 1.53, which is comparable to the IYW Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of SPRX and IYW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.53
2.14
SPRX
IYW

Dividends

SPRX vs. IYW - Dividend Comparison

SPRX has not paid dividends to shareholders, while IYW's dividend yield for the trailing twelve months is around 0.31%.


TTM20232022202120202019201820172016201520142013
SPRX
Spear Alpha ETF
0.00%0.00%0.00%0.24%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IYW
iShares U.S. Technology ETF
0.31%0.40%0.50%0.31%0.56%0.72%0.91%0.82%1.13%1.12%1.13%1.06%

Drawdowns

SPRX vs. IYW - Drawdown Comparison

The maximum SPRX drawdown since its inception was -51.22%, smaller than the maximum IYW drawdown of -81.89%. Use the drawdown chart below to compare losses from any high point for SPRX and IYW. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.57%
-0.16%
SPRX
IYW

Volatility

SPRX vs. IYW - Volatility Comparison

Spear Alpha ETF (SPRX) has a higher volatility of 7.32% compared to iShares U.S. Technology ETF (IYW) at 6.27%. This indicates that SPRX's price experiences larger fluctuations and is considered to be riskier than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%14.00%JuneJulyAugustSeptemberOctoberNovember
7.32%
6.27%
SPRX
IYW