SPRX vs. SOXX
Compare and contrast key facts about Spear Alpha ETF (SPRX) and iShares PHLX Semiconductor ETF (SOXX).
SPRX and SOXX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPRX is an actively managed fund by Spear. It was launched on Aug 3, 2021. SOXX is a passively managed fund by iShares that tracks the performance of the PHLX Semiconductor Sector Index. It was launched on Jul 10, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPRX or SOXX.
Key characteristics
SPRX | SOXX | |
---|---|---|
YTD Return | -2.98% | 14.91% |
1Y Return | 21.82% | 37.86% |
3Y Return (Ann) | 1.33% | 13.18% |
Sharpe Ratio | 0.67 | 1.14 |
Daily Std Dev | 30.83% | 33.65% |
Max Drawdown | -51.22% | -70.21% |
Current Drawdown | -14.19% | -17.08% |
Correlation
The correlation between SPRX and SOXX is 0.80, 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. SOXX - Performance Comparison
In the year-to-date period, SPRX achieves a -2.98% return, which is significantly lower than SOXX's 14.91% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPRX vs. SOXX - Expense Ratio Comparison
SPRX has a 0.75% expense ratio, which is higher than SOXX's 0.46% expense ratio.
Risk-Adjusted Performance
SPRX vs. SOXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Spear Alpha ETF (SPRX) and iShares PHLX Semiconductor ETF (SOXX). 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.
Dividends
SPRX vs. SOXX - Dividend Comparison
SPRX has not paid dividends to shareholders, while SOXX's dividend yield for the trailing twelve months is around 0.67%.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Spear Alpha ETF | 0.00% | 0.00% | 0.00% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
iShares PHLX Semiconductor ETF | 0.67% | 0.78% | 1.25% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% | 1.56% | 1.18% |
Drawdowns
SPRX vs. SOXX - Drawdown Comparison
The maximum SPRX drawdown since its inception was -51.22%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for SPRX and SOXX. For additional features, visit the drawdowns tool.
Volatility
SPRX vs. SOXX - Volatility Comparison
The current volatility for Spear Alpha ETF (SPRX) is 10.19%, while iShares PHLX Semiconductor ETF (SOXX) has a volatility of 12.78%. This indicates that SPRX experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.