SPRX vs. PLTR
SPRX (Spear Alpha ETF) is Technology Equities fund actively managed by Spear, while PLTR (Palantir Technologies Inc.) is a stock. Over the past 3 years, SPRX returned 43.37%/yr vs 99.99%/yr for PLTR. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
SPRX vs. PLTR - Performance Comparison
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Returns By Period
In the year-to-date period, SPRX achieves a 43.69% return, which is significantly higher than PLTR's -27.99% return.
SPRX
- 1D
- 1.50%
- 1M
- 12.60%
- YTD
- 43.69%
- 6M
- 43.35%
- 1Y
- 101.77%
- 3Y*
- 43.37%
- 5Y*
- —
- 10Y*
- —
PLTR
- 1D
- -2.36%
- 1M
- -1.58%
- YTD
- -27.99%
- 6M
- -30.28%
- 1Y
- -5.33%
- 3Y*
- 99.99%
- 5Y*
- 39.00%
- 10Y*
- —
SPRX vs. PLTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPRX Spear Alpha ETF | 43.69% | 41.91% | 20.58% | 88.02% | -44.99% | 9.15% |
PLTR Palantir Technologies Inc. | -27.99% | 135.03% | 340.48% | 167.45% | -64.74% | -18.12% |
Correlation
The correlation between SPRX and PLTR is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2021 | 0.67 |
The correlation between SPRX and PLTR shifts across timeframes, from 0.47 (1 year) to 0.67 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPRX vs. PLTR — Risk / Return Rank
SPRX
PLTR
SPRX vs. PLTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spear Alpha ETF (SPRX) and Palantir Technologies Inc. (PLTR). 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 | PLTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.33 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.03 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 4.23 | -0.14 | +4.37 |
| Martin ratioReturn relative to average drawdown | 13.10 | -0.25 | +13.35 |
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Drawdowns
SPRX vs. PLTR - Drawdown Comparison
The maximum SPRX drawdown since its inception was -51.21%, smaller than the maximum PLTR drawdown of -84.62%. Use the drawdown chart below to compare losses from any high point for SPRX and PLTR.
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Drawdown Indicators
| SPRX | PLTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.21% | -84.62% | +33.41% |
Max Drawdown (1Y)Largest decline over 1 year | -24.21% | -38.22% | +14.01% |
Max Drawdown (3Y)Largest decline over 3 years | -42.12% | -40.61% | -1.51% |
Max Drawdown (5Y)Largest decline over 5 years | — | -79.14% | — |
Current DrawdownCurrent decline from peak | -5.87% | -38.22% | +32.35% |
Average DrawdownAverage peak-to-trough decline | -17.58% | -40.27% | +22.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.80% | 21.23% | -13.43% |
Volatility
SPRX vs. PLTR - Volatility Comparison
Spear Alpha ETF (SPRX) has a higher volatility of 19.77% compared to Palantir Technologies Inc. (PLTR) at 17.16%. This indicates that SPRX's price experiences larger fluctuations and is considered to be riskier than PLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPRX | PLTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.77% | 17.16% | +2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 38.52% | 38.32% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.91% | 50.83% | -4.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.15% | 65.44% | -23.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.15% | 69.75% | -27.60% |
Dividends
SPRX vs. PLTR - Dividend Comparison
Neither SPRX nor PLTR has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
PLTR Palantir Technologies 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 PLTR have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPRX has higher volatility (19.77%) compared to PLTR (17.16%). In terms of maximum drawdown, SPRX dropped -51.21% vs PLTR's -84.62%.
SPRX currently has the higher Sharpe Ratio (2.23 vs -0.11), 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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