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.
Performance
SPRX vs. SOXX - Performance Comparison
Returns By Period
In the year-to-date period, SPRX achieves a 17.46% return, which is significantly higher than SOXX's 13.10% return.
SPRX
17.46%
11.28%
13.53%
42.22%
N/A
N/A
SOXX
13.10%
-4.37%
-9.05%
26.75%
24.30%
23.12%
Key characteristics
| SPRX | SOXX | |
|---|---|---|
| Sharpe Ratio | 1.44 | 0.78 |
| Sortino Ratio | 1.94 | 1.22 |
| Omega Ratio | 1.26 | 1.16 |
| Calmar Ratio | 1.78 | 1.07 |
| Martin Ratio | 4.39 | 2.60 |
| Ulcer Index | 9.63% | 10.28% |
| Daily Std Dev | 29.31% | 34.27% |
| Max Drawdown | -51.22% | -70.21% |
| Current Drawdown | 0.00% | -18.38% |
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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.
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.
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 0.68%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SOXX iShares PHLX Semiconductor ETF | 0.68% | 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
Spear Alpha ETF (SPRX) and iShares PHLX Semiconductor ETF (SOXX) have volatilities of 9.33% and 9.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.