SPRX vs. PRZO
SPRX (Spear Alpha ETF) is Technology Equities fund actively managed by Spear, while PRZO (ParaZero Technologies Ltd. Ordinary Shares) is a stock. Over the past year, SPRX returned 101.77% vs -49.14% for PRZO. At a 0.19 correlation, their price movements are largely independent.
Performance
SPRX vs. PRZO - 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 PRZO's -26.98% return.
SPRX
- 1D
- 1.50%
- 1M
- 12.60%
- YTD
- 43.69%
- 6M
- 43.35%
- 1Y
- 101.77%
- 3Y*
- 43.37%
- 5Y*
- —
- 10Y*
- —
PRZO
- 1D
- -3.06%
- 1M
- 7.50%
- YTD
- -26.98%
- 6M
- -52.77%
- 1Y
- -49.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPRX vs. PRZO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPRX Spear Alpha ETF | 43.69% | 41.91% | 20.58% | 18.30% |
PRZO ParaZero Technologies Ltd. Ordinary Shares | -26.98% | -59.85% | 185.59% | -82.62% |
Correlation
The correlation between SPRX and PRZO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2023 | 0.19 |
The correlation between SPRX and PRZO shifts across timeframes, from 0.19 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPRX vs. PRZO — Risk / Return Rank
SPRX
PRZO
SPRX vs. PRZO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spear Alpha ETF (SPRX) and ParaZero Technologies Ltd. Ordinary Shares (PRZO). 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 | PRZO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.65 | ||
| Sortino ratioReturn per unit of downside risk | +2.66 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.99 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 4.23 | -0.64 | +4.87 |
| Martin ratioReturn relative to average drawdown | 13.10 | -1.16 | +14.26 |
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Drawdowns
SPRX vs. PRZO - Drawdown Comparison
The maximum SPRX drawdown since its inception was -51.21%, smaller than the maximum PRZO drawdown of -88.53%. Use the drawdown chart below to compare losses from any high point for SPRX and PRZO.
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Drawdown Indicators
| SPRX | PRZO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.21% | -88.53% | +37.32% |
Max Drawdown (1Y)Largest decline over 1 year | -24.21% | -76.78% | +52.57% |
Max Drawdown (3Y)Largest decline over 3 years | -42.12% | — | — |
Current DrawdownCurrent decline from peak | -5.87% | -85.45% | +79.58% |
Average DrawdownAverage peak-to-trough decline | -17.58% | -74.24% | +56.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.80% | 42.41% | -34.61% |
Volatility
SPRX vs. PRZO - Volatility Comparison
The current volatility for Spear Alpha ETF (SPRX) is 19.77%, while ParaZero Technologies Ltd. Ordinary Shares (PRZO) has a volatility of 50.24%. This indicates that SPRX experiences smaller price fluctuations and is considered to be less risky than PRZO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPRX | PRZO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.77% | 50.24% | -30.47% |
Volatility (6M)Calculated over the trailing 6-month period | 38.52% | 91.31% | -52.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.91% | 117.45% | -71.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.15% | 174.37% | -132.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.15% | 174.37% | -132.22% |
Dividends
SPRX vs. PRZO - Dividend Comparison
Neither SPRX nor PRZO has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
PRZO ParaZero Technologies Ltd. Ordinary 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
SPRX and PRZO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRZO has higher volatility (50.24%) compared to SPRX (19.77%). In terms of maximum drawdown, SPRX dropped -51.21% vs PRZO's -88.53%.
SPRX currently has the higher Sharpe Ratio (2.23 vs -0.42), 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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