SPRX vs. MOB

Last updated Jun 13, 2026

SPRX (Spear Alpha ETF) is Technology Equities fund actively managed by Spear, while MOB (Mobilicom Limited American Depositary Shares) is a stock. At a 0.43 correlation, their price movements are largely independent.

Performance

SPRX vs. MOB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Spear Alpha ETF (SPRX) and Mobilicom Limited American Depositary Shares (MOB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPRX achieves a 43.69% return, which is significantly higher than MOB's 2.30% return.

SPRX

• 1D: 1.50%
• 1M: 12.60%
• YTD: 43.69%
• 6M: 43.35%
• 1Y: 101.77%
• 3Y*: 43.37%
• 5Y*: —
• 10Y*: —

MOB

• 1D: 6.85%
• 1M: 7.03%
• YTD: 2.30%
• 6M: -11.74%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPRX vs. MOB - Yearly Performance Comparison

	2026 (YTD)	2025
SPRX Spear Alpha ETF	43.69%	-4.68%
MOB Mobilicom Limited American Depositary Shares	2.30%	-25.52%

Correlation

The correlation between SPRX and MOB is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 8, 2025	0.43

Return for Risk

SPRX vs. MOB — Risk / Return Rank

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

SPRX

SPRX Risk / Return Rank: 75
SPRX Sharpe Ratio Rank: 81
SPRX Sortino Ratio Rank: 65
SPRX Omega Ratio Rank: 66
SPRX Calmar Ratio Rank: 86
SPRX Martin Ratio Rank: 78

MOB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. MOB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Spear Alpha ETF (SPRX) and Mobilicom Limited American Depositary Shares (MOB). 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	MOB	Difference
Sharpe ratio: Return per unit of total volatility	2.23	—	—
Sortino ratio: Return per unit of downside risk	2.61	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	4.23	—	—
Martin ratio: Return relative to average drawdown	13.10	—	—

Drawdowns

SPRX vs. MOB - Drawdown Comparison

The maximum SPRX drawdown since its inception was -51.21%, roughly equal to the maximum MOB drawdown of -50.00%. Use the drawdown chart below to compare losses from any high point for SPRX and MOB.

Drawdown Indicators

	SPRX	MOB	Difference
Max Drawdown Largest peak-to-trough decline	-51.21%	-50.00%	-1.21%
Max Drawdown (1Y) Largest decline over 1 year	-24.21%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-42.12%	—	—
Current Drawdown Current decline from peak	-5.87%	-32.61%	+26.74%
Average Drawdown Average peak-to-trough decline	-17.58%	-29.98%	+12.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.80%	—	—

Volatility

Volatility by Period

	SPRX	MOB	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.77%	—	—
Volatility (6M) Calculated over the trailing 6-month period	38.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	45.91%	112.49%	-66.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.15%	112.49%	-70.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.15%	112.49%	-70.34%

Dividends

SPRX vs. MOB - Dividend Comparison

Neither SPRX nor MOB has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
MOB Mobilicom Limited American Depositary Shares	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

Can I hold both SPRX and MOB in my portfolio?

SPRX and MOB have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.